CoinDCX Refutes Fraud Claims, Cites False FIR Against Co-Founders and Numerous Fake Websites

Bitcoin's recent bounce from a low of $99,600 to $103,400 has sparked questions about a sustainable recovery. Analysts suggest on-chain accumulation and stable funding rates are needed for a lasting rebound, as historical data shows supply losses often precede price reversals.

The Eleventh Circuit upheld a lower court's decision denying Michael Prime's motion to recover $354 million worth of Bitcoin lost due to a destroyed hard drive. Prime's delay in claiming ownership left the government unable to return the hard drive.

Over the past week, investors have withdrawn $2.6 billion from U.S. Bitcoin and Ethereum exchange-traded funds, contributing to downward pressure on the market. Despite outflows, Bitcoin and Ethereum prices have fluctuated, with Bitcoin dropping below $100,000 for the first time since May.

Robinhood Markets reported a significant increase in revenue, surpassing analysts' expectations with $1.2 billion for the third quarter. The company also exceeded forecasts with earnings per share of $0.61 and $556 million in profits, driven by product innovation and business expansion.

The Blockchain Futurist Conference in South Florida attracted attendees eager to discuss industry trends, with Bitcoin's recent price drop not a top concern. Participants networked, soaked up the sun, and explored topics like real-time inflation data and prediction markets. Some attendees focused on networking and promoting their businesses, while others enjoyed side events and colorful outfits.

Bitcoin investors experienced a tumultuous 48 hours with a brief dip below $100,000, leading to over $2 billion in liquidations. Despite a 3.5% market capitalization gain, technical indicators suggest caution is needed for a sustainable rally.

Monad, a Layer-1 blockchain, will launch its mainnet and MON token on November 24, with an airdrop for early users. The network has raised over $240 million, aiming to offer high speeds, low fees, and Ethereum compatibility.

Metaplanet, a Japanese Bitcoin treasury, secured a $100 million loan using its crypto as collateral and is adjusting its borrowing and BTC accumulation strategy to address Bitcoin's price volatility. The company aims to acquire 210,000 Bitcoin by 2027.

The creator of ZKsync proposed transforming the ZK token from a governance instrument to one with real economic utility, introducing revenue streams from onchain interoperability fees and offchain licensing revenue. Olas unveiled Pearl v1, a decentralized AI agent app store, offering users full control and transparency over autonomous AI agents.

Galaxy has revised its Bitcoin end-of-year target from $185,000 to $120,000 due to market dynamics shifting against Bitcoin's favor. The note cites factors like liquidations, competition from other assets, and lack of interest from retail buyers as reasons for the adjustment.