ChainCatcher news, 10x Research has released a Bitcoin price prediction report on the X platform, forecasting that Bitcoin will reach an all-time high in the fourth quarter of 2024. This prediction is based on two active buy signals, indicating a strong bullish trend in the Bitcoin market this quarter.10x Research states that its quantitative strategy model successfully predicted the start of the bull market at the end of 2022 and achieved an accuracy rate of 1% in its price prediction for the 2024 halving, providing a solid foundation for its current optimistic forecast.

ChainCatcher news, VanEck research director Matthew Sigel posted on X that top technical analysts expect Bitcoin to reach $100,000 in the fourth quarter.Laurence Balanco from CLSA stated, "Seasonal and technical factors, along with the increasing likelihood of Trump winning the U.S. election, are preparing for a breakout in Bitcoin and Ethereum."

ChainCatcher news, Greeks.live macro researcher Adam posted on the X platform that 89,000 BTC options are about to expire, with a Put Call Ratio of 0.64, a maximum pain point of $59,000, and a nominal value of $5.8 billion. 718,000 ETH options are about to expire, with a Put Call Ratio of 0.47, a maximum pain point of $2,500, and a nominal value of $1.9 billion.Adam further analyzed that today is the delivery day for the third quarter, and the cryptocurrency market has experienced a strong rebound over the past three weeks, mainly due to the Federal Reserve's 50 basis point rate cut policy, which has significantly boosted market confidence. As the third quarter comes to an end, historical data shows that the fourth quarter usually performs well. This year's fourth quarter will face the U.S. elections and two anticipated rate cuts, bringing abundant trading opportunities to the market.During the quarterly delivery period, a large amount of position shifting and margin release has led to low implied volatility (IV) across major maturities. With the end of the quarterly delivery, IV still faces downward pressure. Therefore, Adam believes that the next two weeks will be a good time to position for the fourth quarter market.

ChainCatcher news, the Solana ecosystem cross-chain communication protocol Zeus Network announced the launch of the Bitcoin and Solana interaction browser ZeusScan at the Solana Breakpoint conference.In addition, Zeus announced that ZeusNode will be launched in the fourth quarter of 2024. ZeusNode will support interactions between Bitcoin and Solana. In the future, when BTC is introduced to Solana, the ZeusNode infrastructure will be able to support additional BTC standards, allowing multiple operators to bring their BTC to Solana. ZeusNode can read transactions on Bitcoin and other UTXO-based blockchains. ZeusNode will also facilitate interactions between Solana and other blockchains.

ChainCatcher news, Greeks.live researcher Adam tweeted that 20,200 Bitcoin options are about to expire, with a put-call ratio of 0.86, a maximum pain point of $59,000, and a nominal value of $1.28 billion. At the same time, 125,000 Ethereum options will also expire, with a put-call ratio of 0.67, a maximum pain point of $2,350, and a nominal value of $320 million.The Federal Reserve unexpectedly cut interest rates by 50 basis points, greatly boosting market confidence. As the third quarter comes to an end, investors are starting to position themselves for the fourth quarter. Following the rate cut, implied volatility across major maturities has decreased, and the approaching quarterly settlement may exacerbate this trend. Notably, since September, Bitcoin has performed relatively well, while Ethereum has been weaker, with its exchange rate against Bitcoin rebounding at the long-term support level of 0.04. The October market is worth watching.

ChainCatcher news, the derivatives protocol Derive (formerly Lyra) has released a governance proposal for the DRV token economics. The DRV token is planned to be launched in the fourth quarter, with a total supply of 1 billion tokens. LYRA/stkLYRA holders will have a 1:1 claim to DRV tokens, with the amount determined by the balance at the time of the snapshot. DRV will be issued on the Ethereum mainnet, with most being cross-chain claimed on Derive L2, and can be staked as stDRV (only on Derive L2), with only stDRV able to participate in governance.As a reward for staking DRV, stDRV holders will be eligible for rewards. The DAO treasury will allocate up to 1.15 million DRV weekly to the CC multisig for staking rewards, and after 6 months post-TGE, the weekly rewards will decrease to 600,000 DRV. 25% of the protocol's revenue will be used to buy back tokens for the DAO treasury. Additionally, up to 2.5 million DRV will be allocated weekly for various incentive programs for protocol usage (trading/liquidity, etc.).

ChainCatcher news, according to Decrypt, the DePIN project Spacecoin plans to provide high-speed internet services to underdeveloped areas by launching nanosatellites. The project has the support of U.S. military generals, lunar scientists, NASA astronauts, and blockchain industry experts.Spacecoin will utilize blockchain technology to manage data transmission, allowing users to pay network fees with cryptocurrency. The first satellite, CTC-0, is expected to be launched in the fourth quarter of 2024, aiming to establish a global 5G network at a lower cost to help bridge the digital divide.

ChainCatcher news, the Kaia Foundation will launch a joint venture project "Galactica" for the tokenization of vessels with Indonesia's leading shipping company PT. Pelayaran Korindo (hereinafter referred to as Pelayaran Korindo) in early Q4 of this year.Pelayaran Korindo is a comprehensive logistics company based in Indonesia, with global business experience, localized expertise in Southeast Asia, and an extensive network of partners. Galactica aims to leverage tokenization technology to provide an innovative vessel purchasing process, with a particular focus on the Indonesian market, which has high vessel purchasing demand due to its approximately 17,000 islands. Galactica plans to raise funds for vessel purchases through decentralized investments in RWA tokens, thereby optimizing the traditional vessel purchasing process and bringing dual benefits to shipowners and investors.

ChainCatcher message, Greeks.live macro researcher Adam posted on social media that 62,000 BTC options are about to expire, with a Put Call Ratio of 0.59 and a maximum pain point of $61,000, representing a nominal value of $3.66 billion. 530,000 ETH options are about to expire, with a Put Call Ratio of 0.49 and a maximum pain point of $2,800, representing a nominal value of $1.34 billion.Today is the monthly settlement, and the options data clearly shows the weakness of ETH this month, with the monthly maximum pain point and settlement price differing by more than 10%. This month, the mid-to-long-term implied volatility (IV) has increased, while the short-to-mid-term IV has decreased, and currently, the overall decline space for IV seems limited. From historical trading data, September is generally a slightly subdued month, transitioning from weak to strong, and the fourth quarter is expected to be a stronger period for BTC. Recently, we have also seen many whales starting to position for the October market, hoping for a good market in the last four months of this year.

ChainCatcher message, Singaporean crypto investment firm QCP Capital stated that BTC has easily returned to the familiar range of $61,000 to $70,000, with selling supply slowly decreasing. There have been net inflows on 10 out of the past 12 days for spot ETFs. Similar to last night, cryptocurrencies seem to be looking for a narrative to break through this bullish flag that has persisted for months. Despite the significance of next week's Nvidia earnings report and the interest rate cuts in September, spot prices will continue to fluctuate within this range until the fourth quarter. QCP Capital still believes that the U.S. elections and seasonal bullish factors could act as catalysts for reaching new all-time highs.

ChainCatcher message, CryptoQuant CEO Ki Young Ju posted data on social media stating that during the last Bitcoin halving cycle, the bull market surge began in the fourth quarter, and the whales will not allow the fourth quarter to perform poorly.

ChainCatcher news, Bloomberg analyst James Seyffart stated that he believes Bitcoin ETF options will be launched in the fourth quarter of this year.

ChainCatcher message, Degen announced on social media that the liquidity mining Season 4 airdrop rewards are now ready to be claimed on the Degen chain, while reminding everyone to apply on the official site and beware of scammers.

ChainCatcher news, Matrixport released a weekly report stating that the outlook for Bitcoin in the fourth quarter is optimistic, currently in the mid-third quarter and facing challenges.The report points out that the recent momentum of Bitcoin prices has weakened, and the trading environment may experience a prolonged period of weakness for several weeks. However, from a technical analysis perspective, the trading range of Bitcoin is narrowing, indicating an impending breakout from the consolidation phase. Expectations of interest rate cuts by the Federal Reserve and the results of the U.S. presidential election could provide a boost for Bitcoin.Federal Reserve Chairman Powell stated that if inflation develops as expected, a decision to cut interest rates may be made at the September meeting. The current interest rate is 5.25%, and the inflation rate is 3.0%, with the difference reflecting the Federal Reserve's restrictive policy. This suggests a significant rate cut may occur within the next 12 months, providing liquidity and stimulus for risk assets like Bitcoin.The report also mentions that August typically performs steadily, while September may enter a weak period due to factors such as low trading volumes during the summer holiday and the market's wait-and-see attitude towards autumn economic indicators and central bank policies. Additionally, if Trump wins, his administration may adopt more favorable regulatory policies for crypto assets, thereby reducing uncertainty and promoting innovation.

ChainCatcher news, according to Coingape, Fantom has announced its rebranding to Sonic Labs.Sonic Labs plans to gain support by introducing a large-scale incentive program, and Sonic will use the S token. This new token will enter the ecosystem through large-scale airdrops, simplified staking, incentive programs, and more. Although the transition from Fantom to Sonic Labs has been completed, the launch of Sonic will wait until Q4.According to the description provided on the Sonic Labs launch page, Sonic is a Layer-1 platform with a secure gateway to Ethereum.