analysts at research and brokerage firm Bernstein claim that their prediction of Bitcoin's price reaching $200,000 by the end of 2025 is "conservative" and urge skeptics to reconsider the limited supply of cryptocurrency in an era of record-breaking US debt levels. For investors who do not want to hold Bitcoin directly, the analyst recommends investing in MicroStrategy, the world's largest holder of Bitcoin, and Robinhood, which continues to expand its cryptocurrency services, as alternative indirect investment options. The analyst also emphasized the potential of US-listed companies Riot Platforms and CleanSpark, which are integrating gigawatts of power for Bitcoin mining, as well as diversified companies like Core Scientific, which capitalize on the demand for AI hosting services because of their valuable power pipelines while still managing Bitcoin mining operations.

On October 23rd, the Web3 PvP turn-based role-playing game "Champions Tactics" was launched on the game blockchain Oasys. This is a Web3 game ecosystem driven by blockchain technology. It is reported that this Web3 enhanced game will use the "Forge" system, allowing players to customize their champions to create new ones.

Golden Finance reported that according to market data, JUP has broken through $1 and is currently trading at $1.01, with a 24-hour increase of 3.06%. The market is volatile, so please be prepared for risk control.

The article was originally published in CoinDesk's daily newsletter, First Mover, which provides context on the latest developments in the crypto market. Readers can subscribe to receive the newsletter in their inbox every day. The current state of the market includes a rise in stablecoin liquidity and Bitcoin transactions, as well as a drop in the ETH/BTC ratio to its lowest point since April 2021. Bitcoin has broken the $64K mark while gold prices have also increased. However, the CoinDesk 20 Index has decreased by 1.52%.

According to a local news outlet, the government has dropped the money laundering charges against Binance executive Tigran Gambaryan in order for him to seek medical treatment abroad. However, the charges against Binance itself still remain. This comes after Nigeria denied Gambaryan bail and then withdrew the charges against him a few days later.

On October 23, the Vietnamese government released the "National Blockchain Strategy", announcing the national strategy for the application and development of blockchain technology until 2025, and looking ahead to 2030. The Vietnamese government's goal is to create 20 blockchain brands that are renowned in terms of platforms, products, and services on the blockchain technology platform in the region; maintain the operation of at least three blockchain test centers or special zones in major cities, forming a national network; and have representation among the top 10 blockchain training and research institutions in Asia.

Borderless.xyz, a blockchain-based payment company, has completed a $3 million Pre-Seed financing round with Amity Ventures leading the investment. CJ Reim, Managing Partner of Amity Ventures, will also join the Borderless.xyz board after the financing. The company plans to use these funds to hire more engineers to expand its geographic coverage and increase liquidity for its global stablecoin payment network. Borderless.xyz develops payment infrastructure that supports global fund transactions between stablecoins, real-world assets, other "internet-native currencies," and fiat currencies.

On October 23rd, BNB Chain announced that the BNB Hack Bangkok Station will be held on November 9-10, 2024. This is a two-day offline hackathon event that will bring together blockchain developers in Bangkok to compete for a prize pool of $230,000. The hackathon is sponsored by World of Dypians, Seraph, Hooked Protocol, and Cleverse, and features multiple key tracks, including building Telegram Mini App, creating innovative trading aggregators, and developing real estate transaction entity asset platforms (RWA).

The latest developments in the crypto markets are covered in CoinDesk's daily newsletter, First Mover. The current trends include a rise in stablecoin liquidity and Bitcoin transactions leading to the formation of "Uptober," while Ether ETFs have seen their biggest outflows since July. Bitcoin has broken the $64K mark, while gold prices have also surged. The ETH/BTC ratio has dropped to its lowest point since April 2021, leading some to question whether Bitcoin is losing its bullish momentum. The CoinDesk 20 Index currently stands at 2,055.12, a decrease of 1.52%.

 Bitwise's European research director, André Dragosch, posted on social media that Glassnode data shows that the total number of Bitcoin whale addresses has just reached the highest level since January 2021, with 1,678 addresses currently automatically marked as whales (holding more than 1,000 BTC).