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BNB Hits All-Time High as Network Upgrades and Short Squeeze Fuel Rally

BNB surged to a new all-time high of $1,114.67, significantly driven by the liquidation of $7.7 million in short positions and a reduction in transaction fees to just $0.005 on the BNB Chain. Analysts highlighted this powerful rally as the highest gain among the top cryptocurrencies, with BNB maintaining a market capitalization exceeding $154 billion. Recent data showed that BNB Chain's monthly active users doubled to over two million, with daily transactions increasing from one million to ten million. Factors contributing to the rally included network upgrades, rising institutional interest, and speculation around a potential U.S. spot BNB ETF. Analysts expect additional improvements that could support continued bullish momentum. However, they also cautioned that the RSI indicator indicates potential near-term pullbacks, urging investors to monitor significant support levels between $1,000 and $1,084 to ascertain the trend's sustainability.

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Ethereum Briefly Hits Two-Week High of $4,500: What's Next?

Ethereum recently climbed to a two-week peak of $4,500, marking a strong performance despite volatility in traditional markets. The cryptocurrency, the second-largest by market cap, saw a 1.6% increase in 24 hours, closing Q3 with a remarkable 74% return and a 34% annual gain. Some analysts believe that

UK renews Apple iCloud backdoor push, threatening crypto wallet security

The UK government is pressuring Apple to create a backdoor into its encrypted iCloud backup services, specifically targeting UK-based accounts. This change raises concerns among cybersecurity and crypto advocates, as many mobile wallets store encrypted backups in iCloud, exposing users to potential attacks. Critics argue that allowing access to these

Crypto Markets Today: Bitcoin Pressures $120K as Traders Brace for Potential Short Squeeze

Bitcoin continues to challenge the $120,000 resistance, putting it in a position for potential record highs. Current futures open interest is above $32 billion, with basis rates nearing 8%. However, indications show mixed sentiments in the derivatives market, with some exchanges exhibiting aggressive long positions and others reflecting more

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