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Trump-backed World Liberty Financial stumbles at launch, website goes offline

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World Liberty Financial, the cryptocurrency project backed by Donald Trump and his sons, appears to have launched, though the website has struggled under the initial load, repeatedly going offline. Blockchain data suggests that the token currently has over 2,900 holders, and 0x5be9a4959308A0D0c7bC0870E319314d8D957dBB, an address that seems to be a multisignature wallet for this project, holds approximately $3.7 million in ether, $1.2 million in tether, and $240,000 worth of USDC.  It was previously reported that over 100,000 investors had provided the documents required to be placed on the whitelist ahead of the token’s launch. However, the launch has not all been smooth sailing with the World Liberty Financial website struggling to stay online and appearing to be frequently inaccessible.  What is World Liberty Financial? Read more: Scammers cash in as Donald Trump fumbles World Liberty Financial launch World Liberty Financial is a thin wrapper around the Aave lending protoco
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Currency: What's Happening With the US Dollar & Chinese Yuan?

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The US dollar took the top spot of the currency markets this week , outperforming the Euro and Chinese yuan. The DXY index, which tracks the USD’s performance, shows the currency touching 103.10 on Tuesday’s opening bell. The USD is now at a 10-week high as traders bet on a moderate interest rate cut by the Federal Reserve. Also Read: BRICS Advances ‘Multicurrency System’ To Break US Dollar Dominance The Chinese yuan dipped against the US dollar after China’s weekend stimulus announcements disappointed currency and forex investors. China’s fiscal stimulus briefing received mixed responses as the package from the central bank failed at monetary easing. It also failed to reduce economic inflation and fell short of expectations among the investors’ community. Inflation in China grew 0.4%, while it is on a decline in the US at 2.3%. In addition, production in China dipped 2.8%, marking the 24th consecutive month of decline. All these developments bolstered the US dollar to a high while th
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Can Shiba Inu (SHIB) Hit 1 Cent Before 2025?

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Shiba Inu (SHIB), the second-largest meme coin, had a dull weekend. The asset witnessed a massive dip, but it did much better than last week. In the previous seven days, SHIB dropped to a low of $0.00001621 following a 3.76% dip. At press time, the meme coin was trading at $0.000018 with a slight spike of 1.77% over the past 24 hours. Also Read: UAE Central Bank Approves AED Stablecoin: A New Era Begins Factors Influencing Shiba Inu’s Price And Future Predictions Source But the community was hopeful as whales made some noise in the SHIB market. According to data from Coinglass, the Spot netflow of SHIB revealed that the network witnessed seven days of outflows. This is bullish for the asset and its price since it shows that the previous data of huge transactions may represent whales hoarding SHIB tokens. Whale Activity And Its Impact The real question is whether this is enough for the meme coin to reach its much-awaited milestone of 1 cent. To hit this mark, the asset has to surge 55,7
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VeChain Weekly Price Prediction: Can VET Hit $0.03 This Week?

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VeChain (VET) has recovered 1.9% in the last 24 hours. The asset is also up by 0.4% in the monthly charts and 39% since October 2023. Despite the rally, VET’s price is still down by 4.6% in the weekly charts and 8.2% in the 14-day charts. In this price prediction article, let’s discuss how high the asset can go this week. Also Read: What Time Does Walmart Customer Service Close? VeChain’s Market Momentum And Future Predictions Source: CoinGecko VET’s latest rally follows Bitcoin’s (BTC) upward momentum, which may have introduced some positive investor confidence in the crypto market. Analysts anticipate a market-wide rally if Donald Trump returns to the Oval Office. The US Presidential elections are due on Nov. 5, 2024, and market participants may be taking positions. Many anticipate a Trump return in 2024, which may lead to increased investments in crypto assets over the next few weeks. VeChain Weekly Price Prediction: Can It Hit $0.03? CoinCodex researchers paint quite a bearish pict
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Bitcoin price gears up for major rally with two key peaks on the horizon

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Bitcoin (BTC) has had a bumpy start to October, with the much-anticipated “Uptober” rally getting off to a slow beginning. However, despite this sluggish start, an analyst sees two major peaks on the horizon, suggesting that Bitcoin’s long-term bullish trajectory remains intact. After briefly dipping below $60,000, Bitcoin rebounded sharply, reclaiming $63,000. This recovery, coupled with promising technical indicators and macroeconomic factors, signals that bulls are still in control, especially with the release of China’s fiscal policy update. Bitcoin is now approaching key price levels, and market momentum is likely to shift based on technical factors and historical patterns. As noted by Cryptocon in an X post on October 11, these dynamics could prove pivotal in shaping Bitcoin’s next moves. Picks for you Someone just paid $1.4 million
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Next Cryptocurrency to Explode, October 11 — Pyth Network, Immutable X, XRP, SXP

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The overall feeling in the market is surprisingly negative, and cryptocurrency prices have been fluctuating for a while, including Bitcoin (BTC). BTC is struggling to stay above $60K after touching 63K late last month. Meanwhile, Ethereum (ETH) is currently striving to stabilize at $2,400. However, identifying the next cryptocurrencies to explode might take some work as most funds are attracted to pumping assets. Today’s article explores the performance of cryptocurrencies that have dominated the gainers list in the last 24 hours. The objective is to identify coins with some potential and inform investors and traders about each token.  Next Cryptocurrency To Explode Today’s article discusses the performance of potentially explosive cryptos that investors should add to their watchlist. It also includes a special mention of Pepe Unchained, a new Pepe-themed meme coin launched on its Ethereum Layer 2 blockchain. Within minutes, it attracted over $150,000 in investments. The details o
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Crypto Analyst Says 1,400%+ Price Surge for One Ethereum Rival Not As ‘Crazy as It Sounds’

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A widely followed analyst and trader says that an exponential rally for one of Ethereum’s (ETH) biggest rivals could be around the corner. The analyst pseudonymously known as Kaleo tells his 651,800 followers on the social media platform X that the price action of Avalanche (AVAX) over its first four years mirrors Ethereum’s during the same timeframe. “If similar price action continues to play out, an upside target of $400 AVAX isn’t as crazy as it sounds.” Source: Kaleo/X Source: Kaleo/X Avalanche, which is trading at $26.19 at time of writing, would have to go up by 1,427% from the current level to reach $400. However, Kaleo says that Avalanche and Ethereum have some differences despite their price action mirroring each other’s at similar periods of their lifetime. “ETH didn’t have a similar level of competition for capital from other layer-one ecosystems as AVAX has currently. Conversely, there’s more capital in the market as a whole than there was at this
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Dutch police reveal darkweb probe behind $8.7M crypto seizure

Dutch police have revealed that they conducted a long-term investigation into the “largest and longest running international darkweb market of all time worldwide” that resulted in the arrests of two of the operation’s admins and the seizure of €8 million ($8.7 million) in crypto. The marketplace, which was made up of two entities, Bohemia and Cannabia, offered users the ability to buy malware and DDoS attacks, and a drugs market that sold predominantly cannabis. According to Dutch authorities, “Never before has a darkweb market of this size been discovered by the police.” Police say the marketplace had an advertising outreach of 82,000 ads per day, facilitated 67,000 transactions per month, and made €12 million ($13.1 million) in September 2023 alone.   The investigation began in 2022 and the marketplace collapsed in late 2023 after it performed an ‘exit scam .’ According to Bleeping Computer, various service disruptions and a feud with a “rogue developer” contributed to its collap
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Why Alphabet (GOOG) Stock Fell 1.7% Today—Key Factors Explained

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Wednesday trading saw Alphabet Stock (GOOG) fall as much as 1.7% in a rather surprising development. The company had seen its stock fall to a daily low of $161.12 before ending the day trading above the $162 mark. Additionally, the session volume fell a notable 64% from its average and closed far lower than its $165.70 mark a day earlier. The situation has seen a plethora of research firms update their stance on the stock price. Several, including TD Cowen and UBS, have altered their target price for GOOG. Moreover, Cantor Fitzgerald and Wolfe Research have announced shifts in their ratings in research notes issued this week. Altogether, the stock looks to be inciting a host of different reactions. Source: Yahoo Finance Also Read: Alphabet Inc. US Stock: Target $201: Should You Invest In Google? Alphabet Stock Falls 1.7%: Why GOOG Ended Wednesday at $162 There are few stocks as notable as Alphabet. With a market cap of $2 trillion and a price-earnings ratio of 24.98, it is among the mo
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Fuse unveils Charge, the first Web3 merchant bank

Fuse, a blockchain payment platform, has unveiled Charge, the first Web3 merchant bank offering a wide range of crypto and fiat payment solutions, as reported to Finbold on Wednesday, October 8.  The new platform will support blockchain businesses and cover services from payments to invoicing. Charge — Fuse’s Web3 bank Targeting small- to medium-sized businesses and offering competitive transaction fees of just 0.5%, Charge enables transactions in various crypto and fiat currencies, eliminating obstacles in international trade. Picks for you Bitcoin price prediction after FOMC minutes are released 38 mins ago This trader turned $150 into $500,000 in 130 days of 'locking in' 1 hour ago
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Aptos Co-Founder Says Layer-1 Project Approaching Tipping Point of Mainstream Adoption

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The co-founder of Aptos (APT) believes that the layer-1 crypto project is on the verge of massive mainstream adoption. In a new interview with crypto influencer Scott Melker, Aptos CEO and co-founder Mo Shaikh says that the speed of the Aptos network makes it a highly attractive blockchain for payments. He also says that Aptos’ new cold storage wallet card designed to hold a user’s digital asset portfolio could make crypto payments more mainstream. “I think in one to two years we would love to see card and mobile wallet penetration increase to greater than 20% of all cardholders or mobile phone devices. That would be something we would be incredibly proud of, and we’re very close to that.” He compares the Aptos project to the early days of technology companies that later became giants in the tech industry. “No different than Facebook grew like wildfire to competitors like TikTok grew like wildfire, we’re right there, right there at the tipping point. And these
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Perplexity AI reveals the 3 most popular crypto for Q4 2024

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Perplexity is an artificial intelligence (AI) model gaining the spotlight by its real-time web scanning to access up-to-date data. The AI recently appeared in a list of notable and feared competitors by OpenAI, ChatGPT’s developer, as Finbold reported. Leveraging its capabilities, Finbold now asked Perplexity AI for the three most popular and solid cryptocurrencies, according to the web. Previously, we tested its potential by asking about the three most popular investments for Q4 2024, rendering a remarkable result. However, our first try resulted in highly promoted small-cap coins sourced mostly from inorganic sponsored material, like BlockDAG and CYBRO. We then refined the prompt, asking Perplexity AI to avoid these pieces and only gather data from non-paid organic posts. Picks for you Bybit joins Nordic Blockchain Association to boost r
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