🌙 BTC Rallies $68k

Bitcoin nears $68,000 before dropping to $65,500, with market volatility driven by election-related sentiment.

Author

Mike Gavela
October 15, 2024

Crypto Roundup - October 15

Bitcoin surged to just under $68,000, reaching its highest level since late July. This rally, driven partly by positive sentiment ahead of the U.S. elections, saw Bitcoin briefly touch $67,800 before retreating to $65,500 amid volatile trading sessions. Meanwhile, the Trump family’s financial ventures made headlines as their World Liberty Finance token sale went live, selling $220 million worth of tokens in minutes. In another development, the Sui Foundation denied accusations of insider token sales, clarifying concerns about token movements in its treasury accounts​

Top Stories

  • Bitcoin nears $68,000 before dropping to $65,500, with market volatility driven by election-related sentiment.

  • Trump family raises $220M through the World Liberty Finance token sale, which sold out quickly after launch.

  • Sui Foundation denies insider sales following scrutiny over token transfers, asserting transparency in treasury operations.

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TOP STORIES

Bitcoin Jumps to Just Shy of $68K Before Quick Plunge Lower

Digital assets are finally beginning to pay attention to not just the growing chance of a Trump victory in November, but also a GOP sweep, said Standard Chartered's Geoff Kendrick.

www.coindesk.com/markets/2024/10/15/bitcoin-jumps-just-shy-of-68k-highest-since-late-july

Trump-Touted Crypto Website Crashes as Token Sale Goes Live, With Just 1.7% of Target Sold

A blockchain wallet connected to the token holds nearly $4 million worth of ether (ETH), $1.2 million of tether (USDT) and around $250,000 USD Coin (USDC) tokens.

www.coindesk.com/markets/2024/10/15/trump-familys-world-liberty-finance-token-sale-appears-to-go-live-selling-220m-wlfi-in-minutes

Sui Foundation Denies Accusations Of Insider Token Sales - "The Defiant"

Sui Foundation rejected accusations that insiders have sold $400 million worth of SUI in recent weeks.

thedefiant.io/news/markets/sui-foundation-denies-accusations-of-insider-token-sales

FUNDRAISING

Azra Games Secures $42.7

Azra Games is thrilled to announce the successful completion of a $42.7 million Series A funding round. Led by Pantera Capital and joined…

medium.com/@azragames/azra-games-secures-42-7-c2a3ecb9bb7d

Exclusive: Towns raised $25.5 million from Andreessen Horowitz – The on-chain messaging platform launches today 

The platform allows users to join communities based on verified shared experiences.

fortune.com/crypto/2024/10/15/exclusive-towns-raised-25-5-million-from-andreessen-horowitz-the-on-chain-messaging-platform-launches-today

OTHER HEADLINES

Is Elon Musk Selling Bitcoin? Tesla Transfers All $760M of Its BTC to Unknown Wallets.

On-chain data shows wallets associated with Elon Musk's electric car company have been emptied.

www.coindesk.com/business/2024/10/15/is-elon-musk-selling-bitcoin-tesla-transfers-all-760m-of-its-btc-to-unknown-wallets

Why the $172B Stablecoin Market Could Send Crypto Prices Higher

The stablecoin market isn’t unlike Berkshire Hathaway’s enormous cash stash – it’s sitting there ready to be deployed, according to CoinMarketCap’s Alice Liu.

www.coindesk.com/markets/2024/10/15/why-the-172b-stablecoin-market-could-send-crypto-prices-higher

Grayscale Looks to Turn Multi-Token Fund Into ETF

The fund tracks the CoinDesk Large Cap Select Index which measures the market cap-weighted performance of bitcoin, ether, solana, XRP, and avalanche.

www.coindesk.com/business/2024/10/15/grayscale-looks-to-turn-multi-token-fund-into-etf

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