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Мастерская Будущего повествует о лауреате Конкурса, психологе и психотехнике Алексее Жаркове. Как через живописание зла можно воспитать ненависть к нему, праведный гнев и решимость. То, что определяет...

Ведущий эфира - Игорь Печенкин. Гость эфира - Андрей Игоревич Масалович, он же Кибердед - подполковник КГБ в отставке, эксперт в области информационной и кибербезопасности Краткое описание ролика: ...

Bitcoin is experiencing increased volatility after a recent dip to $60,000, a critical level it currently holds above. Following the Federal Reserve’s interest rate cut announcement, Bitcoin’s price surged aggressively but is now retesting key demand levels, likely determining its next target.

According to data from Glassnode, there has been a clear improvement in Short-Term Holder profitability throughout the recent rally. This has relieved investors who bought BTC during the price run-up, as many are now back in profit. Despite this positive data, uncertainty lingers in the market, with concerns of a deeper correction.

The short-term outlook remains uncertain as traders closely watch whether BTC can hold this crucial level or if further downside pressure will prevail.

Investors are cautious, knowing that market sentiment can shift rapidly while profitability metrics improve. The coming days will be critical in shaping Bitcoin’s next move, and all eyes are on whether it can maintain support and build momentum for another upward push.

Bitcoin Metrics Point To Healthy Gains

Bitcoin is currently testing a crucial demand level at $60,000, and confirmation above this threshold could propel the price to new highs. Analysts and investors are optimistic about a potential BTC rally in the coming months, as halving years have historically marked the beginning of crypto bull runs. 

This time, key data from Glassnode bolsters the positive outlook, particularly regarding the Short-Term Holder (STH) MVRV metric, which has shown several successive undercuts below the equilibrium value of 1. This indicates that, on average, STHs hold their Bitcoin at unrealized losses.

What sets this situation apart from previous bear markets, such as in 2022, is the depth and duration of the STH MVRV metric remaining below 1.0. Unlike previous downturns, a slight positive divergence is developing, where Bitcoin’s price has remained relatively flat over the past month while the STH MVRV is beginning to increase. 

This suggests that the positioning and profitability of new investors are improving, indicating that they may not be experiencing the same financial stress commonly seen in typical bear market conditions.

These observations fuel investor optimism, as many believe we are in the early stages of a Bitcoin bull run. With the halving event in the past, traders are closely monitoring price movements, hoping that sustained support above $60,000 will serve as a launchpad for significant upward momentum in the BTC market.

Combining strong demand, improving investor sentiment, and historical trends paints a promising picture for Bitcoin’s future trajectory.

BTC Technical Analysis: Key Levels To Watch 

Bitcoin is trading at $61,000, maintaining strength above the 4-hour 200 moving average (MA) at $60,302. While this support level signals some stability, the price remains below the 4-hour 200 MA at $61,687, leading to mixed signals for traders eagerly awaiting a swift price recovery.

For bulls to regain momentum and initiate a rally, the price must decisively break above the 4-hour 200 MA and surpass the local supply zone at $66,000. This upward movement is crucial for establishing a bullish trend and instilling confidence among market participants.

However, the outlook could shift dramatically if Bitcoin fails to hold above the 4-hour 200 EMA. A drop below this support level would likely trigger a correction, potentially leading the price down to lower demand areas around $57,500. Such a move could unsettle investors and increase bearish sentiment in the market.

The next few trading sessions are critical as they will determine whether Bitcoin can establish a stronger upward trajectory or if it will succumb to further downward pressure. Traders closely monitor these key levels, as they will play a significant role in shaping Bitcoin’s price action in the near term.

Featured image from Dall-E, chart from TradingView

На фоне коррекции криптовалютного рынка, когда за последнюю неделю эфир и другие крупные альткоины упали на 10-15%, аналитики компании Santiment назвали три криптоактива, за которыми стоит следить в ожидании предстоящего ралли.

Эксперты аналитической платформы CCData заявили, что крупнейшая криптовалютная биржа мира Binance продолжает терять лидирующие позиции на рынке. По итогам сентября отрыв Binance от конкурентов достиг четырехлетнего минимума.

Министерство юстиции США и Комиссия по ценным бумагам и биржам США (SEC) поддержали возобновление группового иска против Nvidia в связи с предполагаемым искажением информации о продажах графических процессоров (GPU).

On Wednesday, the US Securities and Exchange Commission (SEC) officially initiated an appeal process against the final ruling in the case against Ripple Labs. The specific grounds of the SEC’s appeal remain undisclosed so far, leaving the XRP community in the dark. However, pro-XRP lawyer Bill Morgan has clarified via X that the secondary market status of XRP, e.g. its sale on crypto exchanges in the US, is not up for debate.

XRP Status On Secondary Market Is Safe

Morgan highlights the distinction between different types of sales, emphasizing the nature of those that were contested in court. “There is some confusion in this matter about the issue of secondary sales,” Morgan notes on X, explaining, “Some people treat Ripple’s sales by the programmatic means to retail investors via exchanges as secondary sales.”

Morgan elaborated that the court’s decision did not address secondary sales. He writes, “Judge Torres did not rule on secondary sales in the sense of sales made by you and I if we go onto an exchange and sell XRP to other retail investors.” He points out that this particular type of transaction remains outside the scope of the appeal. “The judge made this clear in a footnote in the summary judgment decision,” Morgan adds, clarifying that “That issue was not decided and therefore cannot be the subject of the appeal.”

The scope of the SEC’s appeal, according to Morgan, is narrowly focused. “The appeal in terms of liability is limited to the programmatic sales or other sales and distributions of Ripple,” he states. Morgan also suggests the appeal could expand into other legal territories: “The appeal could of course extend to issues concerning the penalty, injunction, and disgorgement issues.”

In a recent conversation, Morgan recalled discussions with former SEC attorney Marc Fagel. “I recall that we both agreed that it was most likely, although not certain, that the appeal will be limited to the issues concerning programmatic sales and other distributions,” he shared, indicating a consensus on the likely focus of the SEC’s challenge.

Meanwhile, FOX Business journalist Eleanor Terrett brought attention to the procedural aspects of the appeal process via X today. She reported, “The SEC has not filed its Form C with the Second Circuit yet which will detail what exactly they’re appealing. They need to do that pronto so that Ripple knows how to proceed.” She also noted that Ripple is on a deadline for its response, saying, “Ripple also has 14 days from today to file a cross-appeal if they choose to.”

Expectations are high within the legal community that Ripple will respond with a cross-appeal. Morgan commented on this, stating simply, “I find it difficult to believe Ripple will not file a cross-appeal.” Fred Rispoli, founder of HODL Law, forecasted via X, “SEC appeals. Ripple will cross appeal. SEC’s company-ending district court cases against Coinbase and Kraken continue. Life continues. Don’t freak out.”

Notably, Ripple’s Chief Legal Officer (CLO) Stuart Alderoty also suggested in his latest post on X that a cross-appeal is being considered, signaling ongoing strategic planning within Ripple in response to the SEC’s legal moves.

At press time, XRP traded at $0.5281.

Директор департамента коммуникаций Международного валютного фонда заявила, что транснациональное ведомство крайне скептически относится к экспериментам Сальвадора с биткоинами и рекомендует правительству страны отдать приоритет управлению рисками и усилению государственного надзора.

Замоскворецкий районный суд Москвы избрал меру пресечения троим обвиняемым по делу российской криптобиржи Cryptex и анонимного платежного сервиса UAPS. Согласно постановлению суда, их отправили под домашний арест до 28 ноября.

Госдума РФ рассмотрит законопроект о распространении действующих в стране «антиотмывочных» норм на участников платформы цифрового рубля. Согласно документу, банки получат право блокировать подозрительные транзакции.

On-chain data shows the Bitcoin short-term holders have recently moved over 14 times as much profit volume as the loss one.

Bitcoin Has Plunged As Short-Term Holders Have Been Realizing Gains

According to the latest weekly report from Glassnode, the short-term holders have started taking profits again recently. The on-chain indicator of relevance here is the “Realized Profit/Loss Ratio,” which, as its name implies, tells us about how the profit and the loss volumes being moved by Bitcoin investors currently compare.

When the value of this metric is greater than 1, it means the average holder on the network is moving their coins at a net profit. On the other hand, the indicator being under this threshold suggests loss-taking is the dominant form of selling in the market.

In the context of the current topic, the Realized Profit/Loss Ratio of only a segment of the BTC userbase is of interest: the short-term holders (STHs). The STHs refer to the Bitcoin investors who purchased their coins within the past 155 days.

Below is the chart shared by the analytics firm in the report, which shows the trend in the Bitcoin Realized Profit/Loss Ratio for the STHs over the last few years.

As displayed in the graph, the Bitcoin Realized Profit/Loss for the STHs had dropped into the negative territory early last month as the price of the cryptocurrency had crashed. This means that these investors had been scared into selling at a loss by the price plunge.

With the asset’s value recovering since the bottom, though, the indicator has also reversed its direction, assuming positive values. The latest levels have been especially high, with the STHs’ profit-taking volume being around 14 times the loss-taking one.

From the graph, it’s visible that high profit-taking from these investors generally aligns with at least local tops in the Bitcoin price, so the coin’s latest drop may also be a result of all the profit realization that this cohort has recently been participating in.

In contrast, capitulation from the STHs can lead toward bottoms, so when the STH Realized Profit/Loss switches direction again, it could be the signal that the coin may be close to reaching a low.

In the same report, Glassnode has also talked about the situation of the Bitcoin long-term holders (LTHs), who make up the rest of the Bitcoin userbase. It would appear that the percentage of supply held in loss by the cohort has spiked recently.

This recent spike could be a product of the fact that the top buyers now belong to this cohort, who are naturally holding a loss right now. Despite 47.4% of the LTH supply being underwater, though, the actual scale of unrealized loss held by the group is still negligible.

BTC Price

At the time of writing, Bitcoin is floating around $60,400, down more than 5% over the last seven days.

Bitcoin is currently testing a crucial support level after a 9% decline from its recent local highs. The broader crypto market, alongside traditional markets, has been experiencing heightened volatility, driven by the ongoing conflict between Israel and Iran. This geopolitical tension sends shockwaves through global markets, and Bitcoin is no exception.

Amid this turbulence, many analysts focus on Bitcoin’s growing correlation with Gold as a key metric to watch. BTC, often called “digital gold,” has been showing an increasingly strong connection to the precious metal, especially in times of uncertainty. 

One prominent analyst, Axel Adler, has shared compelling data and insights highlighting this positive correlation. According to Adler, the two assets are moving in tandem, with investors turning to them as potential safe-haven assets during periods of global instability.

As BTC hovers near a critical support level, analysts and investors alike are paying close attention to its price movements in the coming days. Whether BTC can hold this support or experience, further downside will be decisive for the crypto market and its perceived relationship with Gold.

Bitcoin Volatility: The Main Difference With Gold

Bitcoin has long been regarded as a safe haven and store of value, much like Gold, particularly as it gained popularity as a distinct asset class. Bitcoin and Gold are commonly used by investors to hedge against economic uncertainty and inflation, making them go-to assets in times of financial instability.

While some view the comparison between the two as a matter of competition, one thing remains certain: there is a positive correlation between BTC and Gold.

According to CryptoQuant’s on-chain analyst Axel Adler, this correlation has grown stronger over the past year. Adler recently shared a Bitcoin vs. Gold futures chart on X, revealing that Bitcoin and Gold have shown an 85% positive correlation during this period.

He emphasized that both assets react similarly to macroeconomic factors, such as rising inflation or geopolitical tensions, which drive demand for assets perceived as more stable.

However, there’s a significant distinction between the two: volatility. While Bitcoin and Gold often move in the same direction during uncertain times, BTC is far more volatile.

This higher volatility can make BTC more attractive to risk-tolerant investors seeking larger gains, while Gold tends to appeal to more conservative investors looking for steady value preservation. This difference is key for investors when choosing between these safe-haven assets.

BTC Testing Crucial Demand Level 

Bitcoin is trading at a crucial demand level around $60,695, holding just above the daily 200 exponential moving average (EMA) at $59,891. This EMA is a key support level, signaling strength when the price exceeds it. The current price action is critical, as bulls need to regain momentum to prevent further downside.

For bulls to reclaim control, BTC must rise above the daily 200 moving average (MA) at $63,613, the most important level to watch in the short term. A break above this level would indicate a potential shift back into bullish territory and could ignite a rally toward higher levels.

However, if Bitcoin fails to close above the 1D 200 MA and EMA, a deeper correction to the $57,500 level is likely. This would signal further weakness, potentially leading to a more extended period of consolidation or downward pressure. The coming days will be crucial in determining Bitcoin’s direction as investors closely monitor these key support and resistance levels.

Featured image from Dall-E, chart from TradingView

Миллиардер и владелец баскетбольного клуба «Даллас Маверикс» Марк Кьюбан назвал мемкоины «прогрессирующими» схемами вывода ликвидности (rug pull), однако признал их развлекательный потенциал.

Известный экономист Питер Шифф, получивший прозвище «Золотой жук» за поддержку инвестиций в золото, высмеял держателей биткоина, которые, по его мнению, не замечают надвигающегося медвежьего тренда на рынке криптовалют.

Основатель и генеральный директор платежной платформы Strike Джек Маллерс предупредил, что вливание ликвидности Федеральной резервной системы США (ФРС) обесценит сбережения в долларах, поэтому призвал инвесторов покупать биткоин.

Ripple’s Chief Legal Officer (CLO) Stuart Alderoty has openly slammed the United States Securities and Exchange Commission (SEC) for its most recent legal move, marking a significant step in the ongoing dispute over XRP and the blockchain payment firm. 

US SEC’s Appeal Move Receives Backlash From Stuart Alderoty

The prolonged legal tussle between the US SEC and Ripple over XRP saw a notable turn of events on Wednesday as the regulatory body filed for an appeal toward the court’s previous ruling that XRP does not constitute a security nature under the requirements of the current legislation.

It is worth noting that the agency’s move to file a notice of appeal to the Second Circuit Court of Appeals comes less than 2 months after Judge Analisa Torres gave her final decision in the lengthy case, in which Ripple was fined $125 million instead of the $2 billion the SEC initially sought.

The recent development so far has received stark criticism from the community at large. Ripple’s CLO Stuart Alderoty, recently voiced his displeasure with the SEC’s decision to appeal, flagging the move as “disappointing.” Alderoty’s statements indicate the growing frustration of the company.

Even though the Ripple CLO is disappointed in the latest approach, he was not surprised since he already foresaw the outcome. According to Alderoty, given that the agency’s argument that Ripple operated irresponsibly was earlier rejected by the Court since there were no claims of fraud, no victims or losses, the decision only makes the Commission’s already complete embarrassment worse.

Alderoty further criticized the US SEC that the regulatory body continues to wage a war of lawsuits against the crypto industry under the leadership of its current chairman, Gary Gensler rather than faithfully enforcing the law, suggesting a lack of transparency.

However, the CLO has underscored the firm’s commitment to respond to the move as Ripple evaluates whether to file a cross-appeal. “Either way, the SEC’s lawsuit has been irrational and misguided from the start, and we’re ready to prove that yet again in the appellate court (once again taking the lead for the industry),” Alderoty stated.

Key Timelines In SEC Vs. Ripple Case

As the lawsuit wages on, Fred Rispoli, a Counselor and Attorney has pointed out several upcoming developments and crucial dates to watch out for. Rispoli disclosed that a briefing by the SEC is likely to occur by December 2, 2024, and January 1, 2025, in the event of a permissible 30-day extension.

Also, should Ripple decide to cross-appeal, the opening brief will take place around the aforementioned time, pinpointing the opposition briefs around February 2, 2025. Rispoli believes that the payment firm might accept its extension, bringing the date to March 2, 2025.

Other important dates underlined by the attorney include reply briefs by March end, 2025, an oral argument between September and October 2025, and a ruling from the Second Circuit Court of Appeals between January and April 2026.

AT&T is back in the news again for new legal challenges related to a sensational SIM swap case in which crypto worth $24 million was stolen from an investor by the name of Michael Terpin.

Recently, a division of the Ninth Circuit Court of Appeals overturned a recent ruling by the lower court in favor of the telecom company and thereby allowed the case to continue in trial.

This ruling also brings back on track Terpin’s lawsuit against the telecom company, and consequently, underlines important issues involving the different roles of telcos in protecting customer information.

A Lengthy Legal Fight

It all began in 2018 when Terpin fell prey to the sophisticated SIM swap attack. Scammers bribed an AT&T employee to transfer Terpin’s number to a blank card in their phone. With access to his phone, they were able to reset passwords and bypass two-factor authentication, leading to the massive theft of his cryptocurrency holdings. Despite taking extensive precautions, including consulting with security experts, Terpin found himself helpless against the attack.

Cryptocurrency investor Michael Terpin has sued a recent high school graduate for stealing $24 million worth of his cryptocurrency through a SIM swap, bypassing the two-factor authentication that protects a crypto wallet. Terpin is also seeking a total of at least $45 million…

— Wu Blockchain (@WuBlockchain) October 3, 2024

Terpin initially filed a $24 million-damage lawsuit against both AT&T and the alleged hacker, Ellis Pinsky. However, on 20th April 2023, a judge ruled in favor of AT&T, stating that they were entitled to a summary judgment that dismissed most of the claims of Terpin. This came as a shock to both Terpin and many observers as it was assumed that it was the duty of AT&T to protect the customer data.

The Appeals Court Decision

Fast forward to October 2024, the Ninth Circuit Court has reversed that ruling based on actual violations of the Federal Communications Act. The court concurs that AT&T maybe didn’t protect CPNI, or information about network use that customers reasonably expect would be kept private and safe. This is important because it means Terpin can bring damages claims against AT&T for interest and attorney fees, now more than $45 million.

According to Terpin, lead attorney pierce O’Donnell said he feels positive about the ruling. He noted that it sets a precedent for other litigants to sue telecom firms for negligence as well in case of unavailability to protect customers’ sensitive information. O’Donnell said that it doesn’t just relate to one individual but thousands of customers who have been affected due to weak security of AT&T.

Implications For Consumers

The impact of this case extends way beyond Terpin and AT&T, however. The higher that cryptocurrency usage continues to balloon, the bigger the threat of SIM swapping has become within the digital asset space. Many use SMS-based two-factor authentication methods to secure accounts, but these are easy pickings as well through means of SIM swaps. Experts note that reliance on text messages in security is bad practice.

Terpin pointed out that this would have let AT&T wriggle free of liability, setting a dangerous precedent in terms of consumer protection in telecommunications. “This isn’t about a victory for me,” he said. “It’s about ensuring companies take their responsibility seriously when it comes to protecting their customers’ data.”

Featured image from Certo Software, chart from TradingView

Один из крупнейших платежных операторов PayPal объявил о совершении первой финансовой операции с использованием собственного стейблкоина PYUSD при оплате счета международной аудиторской фирмы Ernst & Young.

Аналитики платформы CoinMarketCap заявили, что цикл роста первой криптовалюты ускорился и сейчас опережает исторические данные на 100 дней. Биткоин может вступить в суперцикл весной 2025 года.

Комиссия по финансовому надзору Тайваня (FSC) разработала новые правила борьбы с отмыванием денег (AML). Согласно им, все региональные криптокомпании должны пройти перерегистрацию в ведомстве до октября 2025 года.