In today’s Fere AI Crypto Market Report for October 15th to 16th, 2024, Erik and Emilie break down the latest market trends and developments. Bitcoin reached a high of $68,100 but has since seen a slight decline, while institutional interest remains strong with BlackRock’s $390 million BTC purchase, adding to their massive holdings. Morgan Stanley and Kraken also made notable moves, signaling a deepening connection between traditional finance and crypto. On the regulatory front, the SEC’s continued scrutiny impacts projects like Thorchain, while an SEC Twitter hack caused a temporary Bitcoin spike. The duo discusses exciting project updates, such as Ta-da’s listing on MEXC and zkPass’s $12.5 million funding round, emphasizing how AI and Web3 projects are gaining traction in the space. Token launches are booming, with deBridge launching its governance token, and Binance Labs investing in Bitcoin staking solutions. They also cover play-to-earn gaming, where free models are driving adoption, and highlight the latest in meme coins like $Vitalik and $POPFROG. Stay tuned for more insights and analysis from the Fere AI team—catch us tomorrow for another market breakdown!