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Kraken, a leading cryptocurrency exchange, has officially launched its wrapped Bitcoin token, known as kBTC. This new token, which is available on both the Ethereum and Optimism networks, is designed to be backed 1:1 by Bitcoin, significantly expanding Bitcoin’s utility within decentralized finance (DeFi) ecosystems.

On October 18, during the BRICS Business Forum in Moscow, Russian President Vladimir Putin announced a significant shift in the bloc's economic strategy: the official embrace of cryptocurrencies for investments.

Tether (USDT) has continued its reign as the dominant stablecoin, setting a new milestone on the TRON network. In September 2024, TRON facilitated a staggering $424 billion in USDT transfers, making it one of the highest monthly transfer amounts ever recorded for the stablecoin.

Justin Bennett, a renowned cryptocurrency analyst, has recently raised concerns about Ethereum's potential price decline. According to his analysis, Ethereum may be forming a diamond reversal pattern, a technical chart pattern that often signals a reversal in trend.

As the U.S. presidential elections unfold, Polymarket has emerged as a significant player in the prediction market space, allowing users to bet on election outcomes and various events.

After a turbulent start to October, Bitcoin (BTC) has swiftly reclaimed its footing, bouncing back to its familiar range of $65,000 to $67,000.