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Fidelity executive: Power law model shows Bitcoin may have entered a new bull market, could rise to $300,000 by 2029

59 minutes ago

Fidelity Investments Global Macro Director Jurrien Timmer stated in a post that Bitcoin’s power law model indicates a new cyclical bull market is unfolding after the cryptocurrency held above $60,000. Per the model’s projections, Bitcoin’s target price will reach $300,000 by 2029. The Bitcoin power law model is a long-term valuation framework that posits Bitcoin’s price has a power-function relationship with either time or network adoption scale. The model estimates future price trajectories and valuation ranges by fitting historical data such as prices and address growth, though it is a statistical extrapolation based on historical patterns rather than a definitive price forecast.

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Early $AAVE whale sells 30,000 tokens ($4.41M) at $147 average price

An early $AAVE whale sold 30,000 $AAVE ($4.41M) at an average price of $147 over the past 2 days.

14 minutes ago

A crypto whale sold 30,000 AAVE tokens over the past two days, worth approximately $4.41 million.

According to Lookonchain’s monitoring, an early AAVE whale sold 30,000 AAVE over the past two days at an average price of $147, totaling approximately $4.41 million.

14 minutes ago

An address spent $3,207 to purchase 10 million PAID tokens 10 days ago, delivering a return of over 134 times.

According to on-chain analyst Ai Yi (@ai_9684xtpa), wallet address 4RS3H…Ldq2Z purchased 10 million PAID tokens 10 days ago for $3,207, at an average cost of just $0.0003197 per token. With PAID hitting an all-time high today, the address is now sitting on an unrealized profit of roughly $437,000, representing a return of over 13,493% on its holdings.

14 minutes ago

Trump's approval rating drops to 37%, Republicans grow increasingly concerned about midterm elections.

According to The Wall Street Journal, roughly five weeks ahead of the U.S. midterm elections, Donald Trump predicted to associates that the Republican Party would outperform expectations in November, though GOP candidates, strategists and lawmakers are growing increasingly concerned about the electoral outlook. The latest WSJ poll shows Trump’s approval rating has fallen to 37%, the lowest level recorded for any president ahead of midterms since the survey began tracking such data in 1990. Conducted September 16-21, the poll surveyed 1,500 registered voters, with a margin of error of ±2.5 percentage points. Among voters who backed Trump in 2024, 11% say they regret their vote; 11% of Republican voters who do not identify as part of the MAGA movement also plan to support Democrats in congressional races. Recently, some Republican candidates in key states have publicly called for an end to the war on Iran, or distanced themselves from Trump’s immigration and energy policies. Democrats need only gain a small number of seats to retake the House of Representatives, while the Republican-controlled Senate is widely considered a toss-up. Trump is currently focusing on roughly 35 competitive races, and plans to campaign for GOP candidates via virtual rallies and trips to swing states.

14 minutes ago

Iran's President: We No Longer Trust Negotiations with the United States

According to Al Jazeera, Iranian President Masoud Pezeshkian stated that Iran "no longer trusts negotiations with Washington" as the U.S. repeatedly launches attacks and imposes sanctions after every round of talks. Qatar and Pakistan are currently mediating between Iran and the United States, conveying Tehran’s messages to Washington. Pezeshkian also noted that any negotiations must be based on the memorandum of understanding previously signed by the two countries, adding that the U.S. must clarify its position on this document. He further blamed the U.S. for the closure of the Strait of Hormuz, claiming, "It is the United States that has blocked our path." "When Iran’s path is blocked, closing the Strait of Hormuz is a natural response." "The Strait of Hormuz crisis can be resolved through negotiations rather than the use of force." "If negotiations lead to a resolution of the dispute, the waterway will remain open to trade."

14 minutes ago

Long.xyz has launched 'LONG 500', with 5% of fees from new stock pairings to be injected into the Meme Coin AI Reserve.

Robinhood-linked crypto, stock, and meme coin issuance platform Long.xyz has announced the launch of the "LONG 500", designed to build a financial layer for on-chain stock communities, with the goal of becoming the "S&P 500 of tokenized stocks" and establishing an AI community treasury as a community-held diversified reserve on Robinhood Chain. LONG currently supports over 70 tokenized stocks. Going forward, every newly launched stock pairing trading pool will allocate a portion of stock token transaction fees directly to the Meme Coin AI Community Treasury. AI holders will gain access to and support new stock communities through this mechanism, while project creators can connect with the existing AI community and its users. Under the new mechanism, 5% of the transaction fees generated by new stock pairing pools will go to the AI reserve, while another 5% will be used to repurchase and burn tokens paired with the stocks, with repurchases triggerable by anyone at any time. The automatic reinvestment mechanism for liquidity pool returns will remain in effect, and creator fees will stay unchanged. LONG also plans to upgrade the community treasury and add new features for all previously listed trading pairs.

14 minutes ago

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