21 October

“The world’s largest cryptocurrency’s price has now fully recovered from a near 50% correction earlier this year.

The next level of resistance is seen around $74,000, which could briefly stall the current rally. However, buyers will likely remain active above the $60,000-$65,000 support range given positive momentum signals on the weekly chart. If support is held, BTC could see further upside toward $86,000.”

See Also: After Bitcoin’s All-Time High, What’s Next?
See Also: $2.2T asset manager PIMCO plans to buy more crypto

“VanEck will join ProShares in launching a bitcoin futures exchange-traded fund (ETF) next week. ProShares and VanEck’s approvals mark the first time U.S. investors can buy and trade shares of an ETF directly linked to bitcoin.

The company revealed it had secured approval to launch its bitcoin-linked ETF in a post-effective filing with the U.S. Securities and Exchange Commission (SEC), indicating the SEC has given the company permission to launch its fund after Oct. 23, a Saturday. Trading will begin “as soon as practicable after the effective date,” which suggests Monday, Oct. 25.”

See Also: Purpose Investments Files to List 3 More Crypto ETFs in Canada

“Cboe Global Markets is acquiring crypto spot and derivatives marketplace ErisX, the companies announced Wednesday. The move gives Cboe, which was the first U.S. company to launch bitcoin futures in 2017 before later shuttering the product, a new set of crypto derivatives offerings through ErisX’s bitcoin and ether futures products, as well as spot crypto trading.

ErisX will operate as Cboe Digital. The companies might look to new products, such as margined futures, which Cboe Digital hopes to launch pending regulatory approval.

We’re going to have the spot market, the data products and the ability to build on top of it so that as people’s sophistication in using these products grows, we’re going to be able to add the things that they and their advisers and portfolio managers need in order to build out well-rounded products that include crypto and crypto derivatives.

The time is now for this asset class.”

On October 21, Decentraland plays host to four days of music, culture and portable toilets in a virtual world first. The Metaverse Festival will see a diverse mix of music stars perform across five stages, [including] Deadmau5, Paris Hilton plus Special Guest, Nina Nesbitt, 3LAU, Alison Wonderland, Aluna (of AlunaGeorge) and many more.

With a central theme of Evolution the festival will transform over the four days, commencing with Water on Day 1, followed by Earth, Space and Metaverse. This metamorphosis will be visible in the main Evolution stage, presented by Kraken, and surrounds.

In addition to the music, the festival also features a fun fair and games, merchandise stands, Metakey VIP area and a Psychedelic Sculpture Garden.”

See Also: The Metaverse Festival

“While Polygon is often referred to as a sidechain and developers are working to position it as a complement to Ethereum rather than a competitor, the data shows that the number of new Polygon-native apps is outstripping the number of apps deployed to both chains – possibly a sign of growing independence.

More than 3,000 apps are now on the chain, up from just 30 last year. Of the new apps deployed to Polygon, only 38% are being built on both Polygon and Ethereum.”

See Also: Bitwise Launches Polygon Fund for Ethereum-Scaling Exposure

Vitalik Buterin once again “dumped” several dog-themed memecoins he never sought. The motivation behind Buterin’s memetoken dump remains unknown but the move has not stopped others from sending him more dog-themed tokens.

Buterin sent a majority of the tokens to decentralized exchange Uniswap, including 300 trillion jejudoge, more than 223 trillion kishu inu, 370 billion baby shiba and roughly 120 trillion huskytoken. Despite the shockingly high numbers, none of the amounts was worth more than $800,000 at the time of the transactions.

At press time, most of these tokens were in deep red, according to CoinMarketCap. The loss for baby shiba was most significant: The token’s price was down nearly 70% in the past 24 hours.”