FameEX Cryptocurrency Daily Morning News October 18th 2024

Coin World News Report:


Bitcoin Whale Activity and Social Media Heat Increasing Rapidly
On October 17th, data platform Santiment reported that Bitcoin whale trading activity and social media heat are increasing rapidly. On Tuesday this week, there were 11,697 large transactions with a single transaction value of over $100,000, reaching a new high in the past 10 weeks.
95% of Bitcoin Holding Addresses are Profitable
According to a report by IntoTheBlock, currently, 95% of Bitcoin holding addresses are profitable. However, the report warns that historically, such a high level of profitability often indicates a strong bullish trend in the market, but it may also indicate market over-expansion.
Glassnode Chief Analyst: Beware of FOMO sentiment, Bitcoin price may experience a short-term correction
On October 17th, Glassnode Chief Analyst James Check advised Bitcoin investors to remain patient and avoid being influenced by “FOMO” sentiment. He also warned that the Bitcoin price may start to consolidate in the short term. He emphasized that Bitcoin futures open interest (OI) has reached a historical high, indicating that high leverage may exacerbate market volatility.
BlackRock Increases Holdings by 10,126 BTC, Total Holdings Reach 380,972 BTC
According to Lookonchain data, BlackRock purchased 5,802 BTC yesterday, with a total value of approximately $390.2 million. Over the past two days, the company has accumulated an additional 10,126 BTC, with a total value of $681 million. This brings BlackRock’s total holdings of Bitcoin to 380,972 BTC, worth approximately $25.62 billion.
Google Restores Display of Bitcoin and Ethereum Price Charts
Google stated that it briefly removed the Bitcoin and Ethereum price charts over the weekend due to data distortion from a third-party data provider. However, the issue has been resolved and the charts have been restored, allowing users to continue accessing relevant information through Google Finance.
EU to Increase Penalties for Musk’s Subsidiary Companies
According to reports, the EU’s Digital Services Act rules show that platforms that fail to address illegal content, false information, or transparency rules can be fined up to 6% of their global annual revenue. The relevant authorities explained that when imposing fines on the “X” platform, the business revenue of Musk’s other companies (such as SpaceX and Neuralink) may also be included in the penalty range, significantly increasing the penalties.
Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.