This week’s crypto updates highlight Wall Street’s ongoing developments towards catering to everyday traders. On October 29, ICE, the parent company of the New York Stock Exchange, made headlines by acquiring a minor stake in Trade[XYZ], according to Bitcoin.com News. Their Hyperliquid markets have facilitated trading worth over $650 billion in just over a year. However, it’s notable that large firms account for more than 99% of trades in ICE’s futures.
Typically, large investors lead the cycle, with smaller traders following suit, although the astute investors act swiftly. An impressive $11.2 million has been funneled into Pepeto, a meme coin presale uniquely designed for these traders with a $0 bridge fee.
Crypto Market Update: ICE’s Vision for a US Platform for Retail Traders
The crux of the matter is access since ICE entered a binding agreement on October 29 to manage Trade[XYZ]’s regulated markets in the United States, as reported by Bitcoin.com News. Retail traders who pass identity verification will have the opportunity to trade stocks, indices, commodities, currencies, and cryptocurrencies on this platform. Nevertheless, CFTC approval is still pending, and a launch date has yet to be determined, according to CoinDesk.
Investor Stanley Druckenmiller announced his support for Trade[XYZ] in a recent post on X. Current trading volume approximates $1.7 billion per day. New traders will require affordable and straightforward methods for transferring coins across different chains.
Wall Street Expands Its Venues. Who Develops the Links Between Chains?
Pepeto: Seamlessly Transfer Coins Across Five Chains for $0 in Under a Minute
While ICE looks to unify retail traders on a single platform, these traders often hold assets spread across multiple chains. The challenge of transferring coins is precisely what Pepeto was designed to address, and its bridge is already operational.
In contrast to most bridges that charge $15 to $50 per transaction and sometimes take hours, Pepeto’s bridge offers a different model. Coins are locked in a verified contract on the originating chain. Once this lock is confirmed, an equivalent amount is created on the destination chain. No IOU token is generated, ensuring the total supply remains unchanged.
The fee for using Pepeto’s bridge is $0, requiring only gas fees. Transfers are completed in under 60 seconds, and if a transfer fails, the lock is reverted, returning the coins to their original state. It supports transfers across Ethereum, BNB Chain, Solana, Base, and Arbitrum, and there are no intermediaries holding the funds. Additionally, Pepeto’s exchange maintains a 0.00% fee on swaps, making both transferring and trading effectively free, aside from gas costs.
While many meme coins rely on whimsical concepts, Pepeto’s value is anchored in practical use. The development team includes a former Binance expert, and the initial Pepe was designed by one of its co-founders. Early investors are seizing the opportunity to enter now, well ahead of any potential listing.
The current token price stands at $0.0000001904, rising with each presale phase. Analysts predict a 1000x return for Pepeto post-listing; at such a valuation, a $100 investment would translate to $100,000. Wall Street is actively gearing up for the next wave of traders, and for smaller investors observing this trend, Pepeto remains an attractive early opportunity.
Chainlink (LINK): Weekend Pricing Debuts, But Prices Lagging
Chainlink is making strides for major firms, even as LINK’s value declines. The platform has begun pricing tokenized assets on weekends, partnering with Aave as its first collaborator, as noted by Bitcoinist on October 29.
LINK is currently valued at $11.27, reflecting a 4.04% decrease over the past day, according to CoinMarketCap. This price is 79.01% below its peak of $52.88 reached on May 10, 2021. For LINK to recover its peak, it would need to multiply about 4.8 times, an increase that typically requires several years.
Bitcoin Cash (BCH): Has It Overcome One Obstacle? Can It Surpass $301.87?
BCH has achieved one benchmark. It was priced at $283.40 on October 29 when an hourly close above $285.03 was identified as the tipping point for an upward trend, according to The Cryptonomist.
Currently, BCH is trading at $275, per CoinMarketCap, with the next target, $301.87, about 5% higher. However, BCH remains 93.38% below its all-time high of $4,355.62 from December 20, 2017, a gap that one successful year cannot fill.
In Conclusion
With Chainlink introducing weekend pricing and ICE making waves this week, Pepeto still attracts attention from early investors. PEPE had no tangible offerings but still flourished, trading at around $0.0000013 in June 2023 and skyrocketing to $0.00002825 by December 9, 2024, roughly 21 times its original value, according to CoinMarketCap.
The co-founder of Pepeto was also behind that coin, introducing not just a bridge but also an exchange and a scanner. The token price on the Pepeto official website increases with each phase. Unlike the PEPE buyers of 2023 who had to wait for validation, Pepeto already provides solid proof.
Click To Visit Pepeto Official Website To Participate in the Presale
Frequently Asked Questions
What is the most significant crypto market news this week?
This week’s major update comes from ICE, the owner of the NYSE. The company has decided to invest in Trade[XYZ], whose markets are accountable for over $650 billion in transactions, according to CoinDesk.
How might Pepeto surpass established names like Chainlink and Bitcoin Cash?
Pepeto has the potential to outpace them because it is currently in presale, while LINK needs to grow 4.8 times to return to its previous peak. Analysts project a 1000x gain, with each phase on the Pepeto official website increasing in price.
Partner content. Crypto carries risk. This is not financial advice.