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Banking Giant Standard Chartered’s Crypto Custodian in Talks for $50,000,000 Capital Raise: Report

A crypto custody business that’s majority-owned by the world’s 44th-largest bank is reportedly planning to raise more capital. Bloomberg reports that Zodia Custody Ltd, a subsidiary of Standard Chartered, is in talks to secure approximately $50 million in funding from investors. According to Zodia Custody chief executive Julian Sawyer, the capital raise will help fund the expansion of the business into new countries and territories while widening the product range. Zodia Custody currently serves 15 jurisdictions and has offices in London, Dublin, Luxembourg, Sydney, Singapore, Hong Kong and Tokyo. The digital asset custodian supports over 50 crypto assets and this includes Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), Cardano (ADA), BNB, Polkadot (DOT), Tether (USDT) and USD Coin (USDC). Besides the majority owner Standard Chartered, Zodia’s other backers include the National Australia Bank and financial services firm Northern Trust Corp. Last year, Zodia Cu
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Solana is now the fourth most valuable cryptocurrency – What’s next for SOL?

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This morning, Solana (SOL) woke up as the fourth most valuable cryptocurrency after surpassing Binance’s BNB Chain (BNB) in capitalization. The surge happened as the United States elected Donald Trump as its next president – an outcome expected to favor cryptocurrencies. According to data Finbold retrieved from CoinMarketCap on November 6, Solana is now the fourth most valuable cryptocurrency. With a $87,16 billion market cap, SOL positions behind Tether’s USDT valued above $120 billion. Rank 3 to 6 (USDT, SOL, BNB, USDC) by market capitalization. Source: CoinMarketCap / Finbold Solana flips BNB in market cap Notably, Solana conquered this position previously belonging to BNB, now with $83.80 billion and 4.55 times less volume. While SOL saw $272.96 billion in exchange volume in the last 30 days, BNB had only $59.96 billion. In comparison, Tether’s USDT had $4.23 trillion in monthly volume. Pick
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Apple: APPL to Take on Meta as They Explore Key Expansion

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With the burgeoning AI boom taking over Wall Street, the information technology sector has seen a plethora of investments go toward similar projects. Yet, there is always the quest to find the next big thing and what could become the next cloud-based computing technology that drives investment interest. Apple (APPL) is looking to take on Meta as the company explores one such expansion into a brand new avenue. Both companies have sought to increase their respective footprints in various technology fields. That reality has only driven their success throughout 2024. With Apple looking to become the first company to reach a $4 trillion market cap and fend off Nvidia (NVDA), it could be set to make a major splash in the coming years. Source: Apple World Today Also Read: Apple (APPL) Eyes Largest Revenue Growth in 2 Years: Here’s Why Apple Looking Into Key Expansion as It Aims for Mark Zuckerberg and Meta In August 2018, Apple became the first company to reach a $1 trillion market cap. They
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Risk-To-Reward on Ethereum Looking ‘Too Good To Pass Up’ According to Crypto Analyst – Here’s Why

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A popular on-chain strategist says Ethereum (ETH) is showing a great risk-reward ratio setup. Analyst Ali Martinez tells his 76,900 followers on the social media platform X that ETH appears to be forming a bullish ascending channel on the weekly timeframe. “The risk-to-reward ratio on Ethereum is too good to pass up for a long position! I’ve set my stop below $1,880 and am aiming for a target of $6,000.” Source: Ali Martinez/X Looking at his chart, the analyst suggests ETH is holding the bottom trend line of the ascending channel as support and could soon re-test the upper bound at around $6,100. However, fellow crypto trader Benjamin Cowen tells his 819,000 YouTube subscribers that based on a historic pattern of Ethereum bottoming out during the fourth quarter, he’s anticipating ETH drops to its logarithmic trendline, potentially as low as $1,000. “When I look at the cycle, I see ETH at $2,400 and I just think that there is a really high probability that wit
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Top 7 AI Staking Platforms for 2024: Expert Reviews & Rankings

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With the continuous advancement of blockchain technology, staking has become a favored method for crypto holders to generate passive income. In 2024, several AI-driven crypto staking platforms have emerged, providing automated and optimized strategies to maximize investor returns. Here’s a breakdown of the top 7 AI staking platforms to watch this year, starting with the leader, CryptoBox, which brings advanced AI and lucrative rewards to the forefront. 1. CryptoBox: Elevate Your Staking with AI-Powered Strategies CryptoBox is the market leader with its AI-powered staking solutions. Designed for both newbies and seasoned crypto users, CryptoBox offers a simple platform that combines AI algorithms with liquidity staking to get more returns and minimize risks. Key Features of CryptoBox: $100 Staking Bonus: New users get a free $100 staking bonus upon sign up, so you can try the platform risk-free. Referral Commissions: CryptoBox’s referral program pays a 4% lifetime commi
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Goatseus Maximus Price Prediction: GOAT Soars 22%, But Analysts Say Consider This Vote-To-Earn Meme Coin For 100X Gains

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The Goatseus Maximus price has soared 22% in the last 24 hours to trade at $0.5384 as of 12:20 a.m. EST on trading volume that surged 8% to $212 million. Over the weekend, the GOAT token gained significant attention after a crypto trader transformed a $58,000 investment into $7.5 million. RECENTLY: An anonymous trader reportedly turned $58,000 into $7.5 million through early investments in meme coins GOAT and DADDY, raising speculation of insider knowledge, according to Arkham's on-chain data. pic.twitter.com/eW6UTflVGy — CryptOpus (@ImCryptOpus) November 2, 2024 On-chain data revealed the trader, identified by the address 4Jpef1.., acquired 1.5% of GOAT’s supply about a month ago, coinciding with a 400% price surge. This impressive gain has fueled speculation among market observers, who are debating whether the trader is highly skilled or possibly an insider. Goatseus Maximus Price Bullish Reversal Indicates Potential Upside The GOAT/USD chart on the 4-hour timeframe indi
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Ripple prepares for what could be the largest XRP dump in 7 years

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November has arrived, and Ripple has shocked the market, preparing what could be its largest monthly dump in seven years. The company, XRP Ledger (XRP)’s core developer and largest holder, reserved 470 million XRP to sell, worth $240 million. Every month since 2017, Ripple unlocks 1 billion XRP and reserves part of it – usually 200 million XRP – to sell. In November, Ripple unlocked the 1 billion but for the first time in years, reserved above two times the usual amount. This month’s escrows finished within Ripple (24) and Ripple (25) accounts, unlocking 500 million XRP each, as usual. Ripple (25) re-locked it all in escrows for 2028 within Ripple (12) and Ripple (13) accounts, as usual. Picks for you AI sets date when Bitcoin will hit $100,000 59 mins ago
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