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A popular crypto analyst is optimistic about the future of Vulcan Forged (PYR) and Chainlink (LINK), two altcoins that have shown significant growth recently.

Camomile Shumba is a regulatory reporter based in the UK. She has previously worked as an intern for Business Insider and Bloomberg News. Camomile does not currently hold any digital currencies or projects.

Bitcoin prices surged to nearly $37,000 during Asian trading hours, fueled by a phenomenon known as a 'short squeeze'. This occurs when the price of an asset unexpectedly rises, causing short sellers to scramble to cover their positions. In just four hours, approximately $50 million worth of bitcoin shorts were liquidated, further driving up the price. Exchanges with a strong presence in Asia, including BitMEX, OKX, and Binance, saw a significant number of positions being closed. The bullish momentum of Bitcoin was also influenced by reports that the U.S. Securities and Exchange Commission (SEC) is in discussions with Grayscale, a prominent fund manager. The SEC and Grayscale have been involved in a legal dispute regarding the conversion of the Grayscale Bitcoin Trust into a spot ETF. This news added to the positive sentiment surrounding Bitcoin and contributed to its upward movement.

Consensus 2024 is CoinDesk's highly anticipated annual event that serves as a gathering for all aspects of the crypto, blockchain, and Web3 communities. This event has a long-standing reputation for being the most influential in the industry. It brings together experts, enthusiasts, and innovators from around the world to discuss and explore the latest trends, developments, and opportunities in the crypto space.

The Solana blockchain has experienced a resurgence, with new money flowing into the network. This is particularly evident among risk-on traders who are seeking investment opportunities. The value locked on Solana ecosystem projects has significantly increased from $300 million at the start of October to $465 million on Thursday. This surge in value indicates a boost in fund allocations towards decentralized applications built on the Solana network.

Crypto trader Ali Martinez suggests that Dogecoin (DOGE), the largest memecoin by market cap, could experience a surge in price if it surpasses the $0.076 resistance level. Martinez points out that Dogecoin is currently navigating a tight zone between two crucial supply walls. The support wall, spanning $0.072-$0.073, is held by 200,000 addresses with 28.6 billion DOGE. On the other hand, the resistance wall, ranging from $0.074-$0.076, is held by 124,000 addresses with 26.95 billion DOGE. Despite the strength of the support wall, Martinez believes that an upward breakout is possible if Dogecoin breaks through the $0.076 level. He also mentions that the next significant hurdle for Dogecoin would be at $0.084.

Consensus 2024 is CoinDesk's highly anticipated annual event that serves as a gathering for all aspects of the crypto, blockchain, and Web3 communities. This event has a long-standing reputation for being the most influential in the industry. It brings together experts, enthusiasts, and innovators from around the world to discuss and explore the latest trends, developments, and opportunities in the crypto space.

A top crypto analytics firm, Santiment, has reported that wealthy investors, known as whales, are accumulating a significant amount of a popular Ethereum-based token. Over the past three months, these affluent buyers have been stacking up tokens of the decentralized oracle protocol Tellor (TRB), resulting in a surge in its value.

Market makers play a crucial role in filling buy and sell orders in trading. They have the ability to fill the limit order and decide whether to return the additional slippage amount or keep the difference.

G7 competition authorities and policymakers are utilizing their enhanced skillsets to monitor and anticipate potential threats to market competition. By scanning the horizon for early warning signs of conduct or market factors that could disrupt the balance of competition, they aim to maintain market contestability.

A call option is a financial contract that gives the purchaser the right, but not the obligation, to buy the underlying asset at a predetermined price on or before a specific date. On the other hand, a put option is a financial contract that gives the purchaser the right, but not the obligation, to sell the underlying asset at a predetermined price on or before a specific date.

A widely followed crypto trader who accurately predicted the bottom for Bitcoin (BTC) in 2018 is expressing bullish sentiment on the flagship crypto asset.

Yuga Labs, the heart of the Yuga community, organizes ApeFest to foster a sense of togetherness among its members. However, recent events have overshadowed the positive experience of ApeFest attendees.

When it comes to the pricing of an ETF, market expectations play a crucial role. In the case of a new ETF that is yet to be approved, the pricing may not be fully reflected in the market. This is because potential buyers of the ETF may not be aware of its impending launch or may not expect it to be approved in the near future.

A widely followed crypto strategist believes that Dogecoin (DOGE) is preparing for a significant upward movement. The pseudonymous analyst, Kaleo, predicts that DOGE will follow the footsteps of other altcoins that have recently experienced substantial gains.

SEC Chair Gary Gensler recently addressed the topic of Grayscale's application and other related matters. When asked about the agency's next steps, Gensler stated that he would not provide an answer at this time. The SEC is currently awaiting recommendations from its staff before taking any action. In the meantime, Gensler released a video highlighting the important work being done by the agency's corporation-finance arm. This work is focused on addressing the challenges posed by rapidly evolving technology and business models, which will play a crucial role in the evaluation of Grayscale's application.