Coinbase aims to put the entire startup lifecycle on-chain!
Ledger’s new multi-signature UI faces criticism!
XRP is showing signs of aiming for $3.45!
Bitmine’s Tom Lee predicts a cryptocurrency rally by the end of the year!
Ethereum shows a path towards $10,000!
Let’s analyze the news regarding the global economy and cryptocurrencies together! October 26th, Sunday, we will be discussing today’s cryptocurrency news and on-chain market conditions.
This program aims to help you with your asset building by providing the latest news. Let’s look at the 24-hour data headlines for the cryptocurrency market.
First, we want to highlight Coinbase CEO Brian Armstrong’s vision of “completing the entire lifecycle of startup companies on-chain.” This means attempting to allow new companies to conduct everything from establishment and fundraising to operation and even shareholder management on the blockchain. Procedures that were traditionally complex and time-consuming could be streamlined using smart contracts and other technologies.
The background to this is the increasing activity in the startup investment market, coupled with a growing need for transparency and traceability. Armstrong states that this on-chain approach will significantly improve convenience and reliability for both investors and entrepreneurs. While similar attempts have been made in the past by some projects, the fact that the CEO of a major exchange has explicitly stated this has attracted significant attention from within and outside the industry.
Market participants are expressing expectations that “if this is realized, the barriers to fundraising will be lowered, and access to emerging companies will be broadened.” On the other hand, many experts point out that there are many regulatory and technical challenges, and that “a cautious approach is necessary.”
Next, the new multi-signature interface from Ledger is causing a stir. However, this update has been met with a flood of criticism from users, with comments such as “the fees are too high” and “it’s like they’re just trying to make money.”
Multi-signature is important for enhancing security, but many users feel that the fee structure has increased their burden. Ledger has explained that the fee increase is “necessary to maintain and develop the service,” but some users are reportedly considering switching to other services.
This issue reflects more than just a UI change; it also reflects the overall market’s cost awareness and the balance between security and convenience.
Regarding XRP, Ripple CEO Brad Garlinghouse’s call to investors to “not rush to take profits, as it has the potential to rise to $3.45” has had a positive impact on the price.
XRP has been struggling for the past few months due to uncertainties such as the lawsuit with the SEC. However, the CEO himself has boosted investor sentiment, and a bullish mood is beginning to permeate the market. There have been instances in the past where similar leadership statements have led to price rebounds, and market participants are paying close attention to future trends.
Tom Lee, founder of Bitmine and a prominent analyst, predicted that “the cryptocurrency market will enter a rally by the end of this year, and the S&P 500 index could also rise by another 10%.”
According to Lee, a bullish market is expected due to multiple factors, including improved overall market liquidity and increased participation from institutional investors. His views are attracting attention from many investors and are having a positive impact on market sentiment.
Finally, regarding Ethereum (ETH), some analysts point out that “the ETH price is potentially heading towards $10,000 in the long term.” The basis for this is that large holders, or “whales” and “sharks,” have recently shown signs of increasing their holdings or continuing to hold, indicating a return of a certain level of trust and confidence in the market.
This movement is also linked to expectations of ecosystem growth, such as the transition to ETH 2.0 and the expansion of the DeFi and NFT markets, and is attracting attention from many participants. However, due to the continued high volatility, careful judgment is still required.
There are three important signals in this change:
Firstly, bullish statements from major companies and prominent analysts, as well as plans for the introduction of new technologies, are increasing confidence and expectations for the market as a whole. Secondly, we are seeing a proactive stance and willingness to build positions among users and investors. The actions of large holders, in particular, are an important indicator of market sentiment.
Thirdly, however, challenges such as fee issues and regulatory risks are also becoming apparent, requiring market participants to conduct calm analysis and risk management.
That concludes the main points of today’s news. This channel focuses on providing in-depth, expert coverage of valuable news in the cryptocurrency world. If you find this channel valuable, we would appreciate it if you would share, follow, and turn on notifications.
See you again tomorrow!
