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Cryptocurrency prices reacted positively to the Federal Reserves latest decision on interest rates on Nov. 1.

Defi tokens like AAVE and Uniswap (UNI) led the way, rising over 20% in a moment. AAVE rose to $98.13 and Uniswaps UNI rose to $4.80. These tokens are thriving due to the overall significance of the cryptocurrency rally.

In the case of Uniswap, the rally means demand for cryptocurrencies will increase as investors try to follow the crowd. In the stock market, it was already seen Coinbases share price skyrocketed this week. When writing, UNI trades at $4.65, up 13.6% in 24 hours.

Likewise with AAVE: as cryptocurrency prices rise, there is a possibility that demand for its lending projects will continue. Indeed, the total value locked in many DeFi protocols has jumped, according to DeFi Llama. Now AAVE is trading at $94.21, up 14.11% in 24 hours.

The rise in altcoins comes after Bitcoinwent higher on November 1st. At that moment, BTC approached the $36k level, near which the coin was last in May 2022. Afterward, Bitcoin entered a correction.

Bitcoin rose amid the US Federal Reserves decision to leave its key interest rate unchanged for the second time. Refusal to further increase it is a positive signal for the market. Such actions may indicate that a rate-cut period is approaching.

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Altcoin market rises amid Bitcoin rally and U.S. interest rates - crypto.news

The Solana (SOL) price has surged to a 14-month high as investors regain confidence in the blockchain.

The rally has defied expectations that Solana would continue trading sideways for the rest of 2023, with SOL now trading above the crucial $40 level.

While SOL continues its uptrend, investors are still looking for the next under-the-radar coin that could explode in November with Bitcoin Minetrix (BTCMTX) emerging as a top contender.

At the time of writing, SOL is trading for $42.77, its highest value since Aug. 17, 2022.

The token has posted four bullish daily closes in a row, moving above crucial resistance zones and Exponential Moving Averages (EMAs) in the process.

According to CoinMarketCap, SOL trading volume spiked by 155% Wednesday,reaching $3.8 billion.

This makes SOL the fifth most-traded cryptocurrency globally, surpassing established tokens like XRP (XRP) and Chainlink (LINK).

Solanas rise can be attributed to several positive catalysts, including the $24 million net inflows into SOL-focused funds last week.

Investors are broadening their horizons and seeking new crypto-assets to diversify their portfolios, with Solana emerging as a favored token.

Solana has also recently forged some key partnerships, such as with the Dubai Multi Commodities Centre, which has boosted the networks credibility and status.

Overall, its been an excellent month for SOL holders, with the token now up 332% year-to-date.

Further boosting investor sentiment is that Solanas long-awaited scaling solution, Firedancer, finally went live on the testnet this week.

Firedancer aims to boost Solanas speed, reliability, and validator diversity, providing a long-term fix to the networks issues with frequent outages.

The launch has boosted confidence in Solanas ability to scale while maintaining uptime and security.

In turn, many investors now believe that Solana is firmly cemented as Ethereums number one competitor and could even gain market share over the worlds second-largest crypto in the months ahead.

Yet, despite the bullish trend, over $56 million in SOL was unstaked from FTX-linked wallets and moved to major exchanges like Coinbase and Binance earlier this week.

As such, traders remain wary that selling pressure could hit SOL if these tokens tied to FTX are liquidated.

Regardless, investor optimism remains sky-high, which is why Solana is one of the top gainers in the crypto market this week.

Bitcoin Minetrix (BTCMTX) has raised over $3.1 million in its limited-time presale phase, offering a revolutionary approach to crypto mining.

Using an Ethereum-based model, Bitcoin Minetrix tokenizes mining credits and allows holders to exchange them for cloud mining power.

This simplifies the mining process for crypto investors, reduces the risk of fraud, and allows Bitcoin Minetrix users to generate recurring BTC rewards.

On top of that, holders of BTCMTX, Bitcoin Minetrixs native token, can stake their tokens to earn yields of 189% APY.

With Bitcoins next halving event less than six months away, many early backers believe that Bitcoin Minetrix could capitalize on the demand for cost-effective mining solutions.

Although still in development, interested investors can buy BTCMTX tokens through Bitcoin Minetrixs presale for $0.0113.

Additionally, early investors can participate in Bitcoin Minetrixs Minedrop giveaway, which will see ten lucky winners each receive $3,000 worth of BTCMTX.

As outlined in the projects white paper, once the presale concludes, BTCMTX will be listed on an array of well-known exchanges, making the token available to the masses.

Early members of the Bitcoin Minetrix Telegram channel believe the demand and liquidity these listings bring could be catalysts for BTCMTXs value to grow.

All in all, with its innovative use cases and early traction, Bitcoin Minetrix could be the altcoin to go viral this November.

Visit Bitcoin Minetrix Presale

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Solana Price Hits 14-Month High, Could This Be the Next Altcoin to ... - BeInCrypto

An altcoin from the artificial intelligence (AI) sector of digital assets has outperformed most of the crypto markets over the last week as the project readies new updates.

Fetch.AI (FET) is a blockchain that aims to use AI to help automate certain tasks in various business sectors.

According to crypto insights firm Messari,

Their platform allows users to build, deploy, and connect smart agents for automating web3 systems and transforming business models. Through their technology, users can create open services using automation and AI in various sectors such as supply chain, finance, travel, and predictions. Fetch Network aims to reinvent the way we live and work by enabling agents to learn, predict, and undertake meaningful tasks in the real world.

At time of writing, FET is up 69% in the past seven days, and at one point was up 72% after it rallied from $0.22 to $0.38.

FETs price action comes as Fetch.AI gears up to release its new DeltaV technology, a large language model (LLM)-based chatbot for performing tasks.

According to Fetch.AI,

DeltaV is a new search-based AI chat interface powered by Fetch.ais innovative AI agent technology. It leverages natural language conversations to enable it to automatically handle end-to-end tasks for the user positioning DeltaV as a frontrunner in the AI economy.

The introduction of DeltaV marks the next phase of our mission to revolutionize commerce. By enabling a direct engagement between businesses and customers for tasks like booking transportation, travel arrangements, cleaning agents, and more Fetch.ai promises to transform the current aggregator-dependent landscape and deliver the next generation of seamless AI-powered commerce that consumers expect today.

FET is currently trading for $0.3709.

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Artificial Intelligence-Focused Altcoin Rips Over 72% in One Week Amid New Project Updates - The Daily Hodl

The month-long trial of the former FTX CEO Sam Bankman-Fried was wrapped up on Thursday. The jury found the 31-year-old guilty of all seven charges, including conspiracy to launder money and wire fraud.

Sam Bankman-Fried (SBF) could spend decades in jail. US District Judge Lewis Kaplan has scheduled a sentence hearing for March 28th, 2024. Thursdays verdict was reached after four hours of jury deliberation, ending a highly publicized court proceeding that included compelling testimony from the former crypto mogul as well as his closest associates.

Lets see what is happening lately.

Prosecutors accused Bankman-Fried of defrauding FTX customers and illegally using their funds to finance his extravagant lifestyle, including lavish real estate, political donations, and celebrity endorsement deals. One of the charges includes conspiracy to commit securities fraud and conspiracy to commit commodities fraud against FTX investors.

Thursday was an emotional moment for Bankman-Fried and his parents, Joe Bankman and Barbara Fried. Bankman-Fried looked disappointed when the jury announced the verdict. He stood, head lowered, shaking while his lawyer talked in his ear after the jury was discharged.

His parents were standing a few steps behind him, observing. SBF glanced back at his parents and grinned as he was led out of the court. Joe Bankman, his father, slung his arm around his emotional wife, Barbara.

Damian Williams, U.S. attorney for the Southern District of New York, said in a statement after the verdict that Sam Bankman-Fried perpetrated one of the biggest financial frauds in American history.

Williams noted that while the cryptocurrency industry might be new and the players like Sam Bankman-Fried might be new, this kind of corruption is as old as time. This case has always been about lying, cheating, and stealing, and we have no patience for it.

Furthermore, Attorney General Merrick Garland claimed, Bankman-Fried thought that he was above the law. Todays verdict proves he was wrong. Garland added, This case should send a clear message to anyone who tries to hide their crimes behind a shiny new thing they claim no one else is smart enough to understand: the Justice Department will hold you accountable.

Interestingly, Bankman-Frieds attorney, Mark Cohen, said he was very disappointed with the result. Cohen added that Bankman-Fried maintains his innocence and will continue to vigorously fight the charges against him.

Bankman-Fried pleaded not guilty last December after his arrest. And maintained his stance all through the trial. Interestingly, former FTX executives, Caroline Ellison and Gary Wang, testified about Bankman-Frieds role in the FTX collapse. However, Bankman-Fried claimed that he only discovered in 2020 that Alameda was holding FTX customer funds. And he did nothing to protect them.

Interestingly, SBF failed to fire any staff after learning of the $8 billion hole in FTXs sheet. Thursdays decision brings an end to a year-long ride that saw the 31-year-old Bankman-Fried go from being a billionaire in a lavish Bahamas condominium to being charged in one of the most prominent white-collar crime cases since Bernie Madoffs collapsed Ponzi scheme in 2009.

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Jury Finds SBF Guilty of All Seven Charges - Cryptocurrency News - Altcoin Buzz

Crypto users love decentralized exchanges (DEXes) due to features such as staking, swapping, and yield farming. However, Polkadex offers all these and more, putting it in a class of its own.

Polkadex is a fast, cheap, and secure P2P order-book decentralized exchange. It features its own parachain that enables users to bridge their tokens with Ethereums blockchain through the THEA bridge. Polkadex has many tools to help users and DeFi protocols manage their assets better. These tools have attracted prominent names to the network, like

Theres tough competition among DEXes. But Pokadex has a couple of features that set it apart. First, it combines some of the best features of DEX. It gives users full control of their assets as a DEX. So, users enjoy the best of both worlds with Polkadex.

Here are a couple of advantages to using Polkadex.

Polkadex has made some remarkable achievements over the last few months. Aside from launching their mainnet, Polkadex already has 3 tokens listed, offering 3 trading pairs.

ASTR is the first Polkadot parachain project token to be listed on the Polkadex Orderbook. Listing ASTR is no doubt a significant milestone in Polkadexs evolution. It shows that they can easily list all parachain tokens. This should help grow their position as Polkadots leading DEX.

Listing ASTR is also a huge development for DeFi on Polkadot. ASTR is the first Polkadot parachain token to profit from non-custodial high-frequency trading infrastructure. The listing allows both current and future ASTR traders and holders to leverage Polkadex Orderbooks cutting-edge features.

Polkadex already has XCM channels open with (thats cross-chain messaging)

The team has listings in the pipeline. Polkadexs latest updates show their ambitions of becoming the major DEX on Polkadot.

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Heres Why Polkadex Remains Polkadots Major DEX - Spotlight - Altcoin Buzz