Bitcoin White Paper Turns 14, Dogecoin Surges, Hong Kong Mulls Retail Crypto Trading
Bitcoin White Paper Celebrates 14 Years
Satoshi Nakamoto's Bitcoin white paper, published on October 31, 2008, introduced the world to peer-to-peer electronic cash. Bitcoin has grown from $0.0008 in 2010 to over $20,700 today, with a record high of $68,789 in 2021. Investors are wary of potential price dips ahead of the U.S. Fed's November 2 interest rate decision and the October unemployment report.
Dogecoin Reaches 18-Month High
Dogecoin (DOGE) surged over 150% following Elon Musk's Twitter purchase, hitting $0.1494. Whale activity and futures liquidations, totaling $89 million, highlight extreme overbought conditions, with potential price drops of up to 60%.
Hong Kong Considers Retail Crypto Trading
Hong Kong aims to legalize retail crypto trading through public consultations, allowing access via ETFs and regulating service providers. This move contrasts with mainland China's crypto ban, positioning Hong Kong as a fintech hub.
Chainlink Whales Drive Price Surge
Chainlink (LINK) saw a 15% weekly price increase, reaching $8.17, with 33 whale transactions over $1 million. Binance's new Oracle network poses competition, but LINK's bullish momentum continues.
HUSD Stablecoin Loses USD Peg
HUSD plummeted to $0.28 after Huobi delisted it, reducing its market cap to $69 million. This de-pegging underscores stablecoin risks, with Huobi promoting Tether (USDT) instead.
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