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PDAXScope: Highlights about $BTC, Grail Bridge, $ETH

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PDAX

October 31, 2024

3 min read

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Leak Reveals A $1.4 Trillion China Earthquake Could Be About To Hit Crypto As The Bitcoin Price Soars Over $70,000 (Forbes)

Forbes cites analyst speculation alongside a Reuters exclusive that China’s possible fiscal stimulus package of 6 trillion yuan next week could send shocks through the crypto market. The news comes at the heels of $BTC stepping past the US$70,000 price point and the tumultuous political climate leading up to the US elections.


Welcome Home: Grail Bridge Allows Cardano to Access Bitcoin Benefits and Vice Versa
(BitPinas)

BitPinas reports that Cardano’s EMURGO is partnering with BitcoinOS to produce Grail Bridge: a means for both Cardano and Bitcoin users to better access decentralized finance and future innovative functionalities. The Grail Bridge integration is intended to allow “trustless bridging of $BTC and other Bitcoin-based assets from Bitcoin to Cardano and vice versa using BOS’s ZK-based BitSNARK verification protocol.”


Whales Are Betting Big On Ethereum, Is A Rise In Sight?
(Cointribune)

Cointribune highlights data from Santiment that shows unusual activity in large Ethereum wallets since October 24, alongside a significant increase in new wallets being created. Their analysis implies a possible lead-up to a bullish trend as a result of long-term accumulation strategies, motivated by growing confidence from institutional investors in the Ethereum ecosystem.


DISCLAIMER: PDAX reaffirms that the statements in this article do not constitute financial advice. PDAX does not guarantee the technical and financial integrity of the digital assets and their ecosystems. Trading with any cryptocurrency is subject to the user’s risk and own discretion and must be done after adequate and in-depth research and analysis.

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