The final weekend of October brought much significant crypto news, check it out in U.Today's digest!
Let's see what news the final weekend of October brought with the summary of the top three news stories by U.Today.
"Rich Dad Poor Dad" names another huge misdeed of Sam Bankman-Fried
In a recent X post, Robert Kiyosaki, financial guru mostly known for his best-selling book "Rich Dad Poor Dad," decided to bring up the topic of Sam Bankman-Fried (SBF), founder of the bankrupt crypto exchange FTX. Kiyosaki reminded his followers that the notorious entrepreneur managed to fool some of the most famous investors in the world, such as CNBC's Mad Money host Jim Cramer and cohost of Shark Tank Kevin O'Leary (aka Mr. Wonderful). The author then wondered whether SBF would "fool judge and jury" the way the Fed chairman and Treasury secretary are fooling the world, referring to the money printing measures taken by the U.S. government over the past three years. Kiyosaki concluded his post by urging people to "wake up, get smart and say 'Our World is in financial trouble because of your financial incompetence. Keep your hands off our money.'"
Bitcoin to $51,000 in November? BTC price history says maybe
Following the remarkable surge by 27.1% that the Bitcoin price showed this month, the crypto community is left wondering if the flagship crypto will demonstrate even more impressive results in November. If we analyze BTC's price history, we will see that October has consistently been a strong month for Bitcoin, with an average monthly return of 22.2%, and this month fits historical trends. As November dawns, the picture becomes intriguing: data from CryptoRank shows that the average monthly return for BTC in November stands at 51.6%, while the median hovers at 8.98%. However, Bitcoin's history for this month shows a mixed narrative: only one November in the previous five years, November 2020, yielded positive results, with a notable 42.9% gain, which brings a shade of uncertainty. Although the numbers point to a possible spike to $51,000, nothing is certain due to the market's unpredictability.
Shiba Inu lead Kusama teases significant changes
The official X account of the Shiba Inu project sent the meme coin community abuzz with a post published on Saturday, Oct. 28. According to the post, the SHIB army should brace for "a seismic shift in the blockchain world," and "the very first step to unlock your unique Shib identity" is set to take place in 72 hours from the moment of publication. The SHIB team also attached a video to its intriguing post, which shows the SHIB logo against a concrete wall with graffiti on it. The writings include phrases like "SHIB NEWS," "WOOF!" "NEW SHIB PROJECT" and the URL "visitshib.io." The SHIB community welcomed the news with big enthusiasm, with the announcement hitting more than 10,000 likes and over 750,000 views.