🌥 Strong winds will sweep over the cryptoverse in the next 24 hours, combined with rain falling over Bitcoin, Binance Coin and Dogecoin. This translates into volatile and bearish trading conditions. Drizzle will linger over Ether and Uniswap signalling a slightly bearish trend. ☀️ Cardano and Ripple’s XRP buck this trend and should profit from a strong sun, indicating clearly bullish market conditions.

🌧️ Over a one-week time horizon, rain will continue to put pressure on the price of Bitcoin, while Ether should profit from a strong sun.

The trading signals available at 7:15 CET are the basis for the projections mentioned above. Please check whether ATTMO's signals have changed since then, before making an investment decision.

Cryptocurrencies rebound, with Bitcoin trading around $64,000

The cryptocurrency trend was positive over the past 24 hours as the pro-crypto Republican presidential candidate Donald Trump jumped ahead in the polls. Three weeks ahead of the elections, Trump now leads by nine percentage points at 54 percent, according to the blockchain-powered prediction site Polymarket.

The price of Bitcoin put on 1.5 percent to $63,929 over the past 24 hours, briefly trading above $64,000, a three-week high, Trading View’s Bitcoin chart shows.

South Korea & Australia to launch additional spot crypto ETFs

Australia’s first spot Ether exchange traded fund (ETF), managed by Monochrome Asset Management, will be listed on CBOE tomorrow, BSCN reports. The price of ETH added 2.7 percent to $2,530 over the past 24 hours.

While South Korea is trailing in the ETF race, the country has set up a virtual asset committee that will convene later this month to discuss the approval of crypto spot ETFs, Korea’s News1 reports.

MicroStrategy aims to turn into a Bitcoin bank

MicroStrategy (MSTR), the listed company holding most Bitcoin, strives to turn into a leading Bitcoin bank, the company’s CEO told Bernstein analysts in an interview. “The endgame is to be the leading bitcoin bank, or merchant bank, or you could call it a bitcoin finance company,” Michael Saylor is quoted as saying by the Block.

“Rather than lending out funds like traditional banks, MicroStrategy seeks to borrow money at low rates, offer slightly higher rates to lenders, and invest those funds into bitcoin — with a ‘base case’ estimated average annual return of 29%,” he said.

MSTR currently holds a whopping 252,200 Bitcoin, which is equivalent to 1.2 percent of the total supply of Bitcoin. This stake is worth $16.2 billion at today’s price. 

Solana in the spotlight on Apple’s rumored use

Apple is rumored to be using the Solana blockchain, the crypto intelligence firm Santiment said. “There are very loose rumors of Apple potentially building on Solana's blockchain.” The price of Solana, the fourth-largest cryptocurrency, rose 4.8 percent to $153 over the past 24 hours, a two-week high.

Binance executive remains in Nigerian jail as bail plea is turned down - pre-market services launched

A Nigerian court rejected the bail plea of the jailed Binance executive, Tigran Gambaryan, on Friday. He was jailed end-February and is accused of money laundering by the Nigerian authorities.

“We are deeply disappointed by the court’s decision to deny Tigran bail, particularly given his deteriorating health. He has been unlawfully detained for over 220 days," a Binance spokesperson told CoinDesk.

Separately, the “pre-market” services of Binance are now operational. Its clients can now buy selected crypto assets before they are formally listed on the spot market. The competitors of the world’s largest crypto exchange use derivatives for pre-market trading.

This new Binance service won’t be available in some markets, including the US, Canada and Japan.

The price of Binance Coin put on 1.3 percent to $583 over the past 24 hours.

Arkham Intelligence considers setting up a crypto derivatives exchange

Arkham Intelligence, which counts the founder of Open AI among its individual investors, considers setting up a crypto derivatives exchange, Bloomberg reports. It could potentially be launched as early as November.

Payout to Mount Gox’s creditors delayed by another 12 months

The deadline to repay the creditors of the bankrupt Mt Gox crypto exchange has been delayed by a year to end-October 2025, the trustee in charge of the bankruptcy said.

Roughly a third of the $9 billion of the assets that have been recovered have been reimbursed to creditors, but “a considerable number of rehabilitation creditors have not received their repayments due to various reasons, such as issues arising during the repayments process,” the trustee added. Mt Gox went bankrupt a decade ago.

Trump’s World Liberty Financial to launch crypto token sale on Tuesday

World Liberty Financial, the crypto project set up by the Trump family, will start selling its $WLFI token as of tomorrow. “@WorldLibertyFi Token Sale goes live on Tuesday morning, October 15th! This is YOUR chance to help shape the future of finance,” the Republican presidential candidate and former US President, Donald Trump said.

AI tool bypasses crypto exchanges’ KYC processes

The AI-powered tool "ProKYC" has demonstrated the ability to bypass the Know Your Customer (KYC) processes implemented by crypto exchanges to comply with the regulatory standards in place, the network security company, Cato Networks, said. The tool creates realistic fake ID documents as well as deepfake videos to circumvent the compulsory KYC controls. This raises significant concerns about the security and reliability of the systems aiming at safeguarding against identity fraud.

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DISCLAIMER

ATTMO, a weather-inspired AI tool, makes cryptocurrency predictions. It also forecasts longer-term cryptocurrency trends. These forecasts are not trading advice; they are only decision support tools. They do not include information that is specific to the user; in particular they do not account for their personal risk appetite or market assessment. The forward-looking weather-inspired predictions part of this report may have changed by the time you read this edition of ATTMO Times. So always check the latest ATTMO predictions before making any investment decision.