Let’s see what news the last weekend of October brought with the summary of the top three news stories from U.Today.
“Rich dad, poor dad” names another big misdeed by Sam Bankman-Fried
In a recent x publication, Robert Kiyosaki, financial guru known primarily 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 famous businessman managed to fool some of the most famous investors in the world, such as CNBC’s Mad Money host Jim Cramer and Shark Tank co-host Kevin O’Leary (aka Mr. Wonderful). The author then wondered if SBF would “fool the judges and jury” the same way the Federal Reserve Chairman and Treasury Secretary are fooling the world, referring to the money-printing measures taken by the government. of the United States during the last three years. Kiyosaki concluded his post by urging people to “wake up, be smart and say, ‘Our world is in financial trouble because of your financial incompetence. Keep your hands off our money.'”
Bitcoin at $51,000 in November? BTC Price History Says Maybe
After the notable increase of 27.1% experienced by the bitcoin price As shown this month, the crypto community is wondering if the flagship cryptocurrency will demonstrate even more impressive results in November. If we look at 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 is in line with historical trends. As November dawns, the picture becomes intriguing: CryptoRank data shows that the average monthly return of BTC in November is 51.6%, while the median is around 8.98%. However, Bitcoin’s history for this month shows a mixed narrative: only one November in the previous five years, November 2020, returned positive results, with a notable 42.9% gain, bringing a tinge of uncertainty. Although the figures point to a possible increase to $51,000, nothing is certain due to the unpredictability of the market.
Shiba Inu leader Kusama advances significant changes
The official X account of the Shiba Inu project excited the meme coin community with a mail published on Saturday, October 28. According to the post, the SHIB army should prepare for “a seismic shift in the blockchain world” and “the first step to unlocking your unique Shib identity” will take place within 72 hours. from the time of publication. The SHIB team also attached a video to their intriguing post, showing the SHIB logo against a graffitied concrete wall. The writings include phrases such as “SHIB NEWS,” “WOW!” “NEW SHIB PROJECT” and the URL “visitshib.io”. The SHIB community received the news with great enthusiasm, with the announcement garnering over 10,000 likes and over 750,000 views.
