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

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.

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