FIFA has partnered with Mythical Games to launch FIFA Rivals, a free-to-play mobile soccer game, set for release in summer 2025 on iOS and Android. 

The S&P 500 gained 1.68% last week on strong economic data and election optimism. This week, investors await FOMC minutes, inflation data, and key earnings reports. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.10%, with Bitcoin and Ether dropping by 0.28% and 0.40%, respectively in the past 24 hours.

Today's top performer is SAND, which surged 59.4% after the release of The Sandbox Weekly, highlighting Alpha rewards, new features, and metaverse innovations.

Sandbox (SAND), launched in 2012, is a virtual world game with a blockchain-based version by Animoca Brands, enabling users to trade and monetize creations using SAND, an Ethereum-based token. 

 highlights the latest updates in The Sandbox metaverse from November 11–17, including rewards from Alpha Season 4, new partnerships, and events like the Attack on Titan avatar collection launch. Players can earn exclusive rewards, participate in tournaments, explore creative experiences like "The Art of Runway," and join giveaways for SAND tokens, NFTs, and Sandbox LAND. Community initiatives like DAO delegation and tools like Magic Palette empower creators, while events and AMAs offer insights into Web3 innovations and metaverse developments.

Check Out the Latest Prices, Charts, and Data of 

, a free-to-play mobile soccer game, set for release in summer 2025 on iOS and Android. The game features real-time arcade gameplay where players manage soccer clubs and compete globally. Developed on the Mythos blockchain, it builds on the success of Mythical's previous games and leverages FIFA's massive global audience, aiming to reach over 100 million players. The game incorporates play-to-earn mechanics, allowing players to own and monetize in-game assets. This partnership highlights the growing trend of sports organizations exploring blockchain technology for fan engagement and in-game economies.

Between November 18–22, 2024, BTC Spot ETFs saw a net outflow of $52.9M from GBTC and a net inflow of $3,406M from non-GBTC ETFs, resulting in a total weekly inflow of $3,353.1M. Cumulatively, GBTC has recorded a significant outflow of $20,326M, while non-GBTC ETFs have brought in $51,140M, leading to an overall total of $30,814M.

Magic Eden's ME token, linked to its Solana-based ecosystem, will 

 on December 10. The anticipated airdrop, potentially worth a significant sum, will reward users of Magic Eden’s Bitcoin exchange and cross-chain NFT marketplace. Eligible users can claim the token via the Magic Eden Wallet app, with allocations based on factors like trading activity and platform loyalty. On launch day, a portion of the total token supply will be unlocked for claim, with additional tokens reserved for future incentives. Pre-market trading values the token at varying prices.

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FIFA Teams Up with Mythical Games for Mobile Soccer Game FIFA Rivals Launch in 2025

Open Loot (OL) revolutionizes web3 gaming with seamless blockchain integration, NFT marketplaces, and a user-friendly experience.

In 2021, Big Time Studios made headlines with its popular multiplayer play-to-earn game, 

 (BIGTIME). Not only was the project's team filled with gaming veterans associated with famous games such as 

Open Loot's utility token was launched on Nov 19, 2024, allowing those who accumulated 

 (OLRP) to convert them into OL tokens and unlock exclusive benefits.

Let's learn more about Open Loot and how it's shaking up things in the 

 is a web3 gaming ecosystem that includes a distribution platform and marketplace designed to enhance user experience, scalability, and payments for players and developers. 

The platform is owned by Big Time Studios and manages all aspects of the hit web3 game 

The brain behind the project is Ari Meilich, the gaming legend who brought 

 (MANA) to the crypto space in 2017, and co-founded Big Time Studios in 2020. Open Loot aims to eliminate the complexities associated with launching blockchain games by creating a vibrant player-driven marketplace. Players can enjoy seamless gaming without the hassle of connecting wallets, paying gas fees or waiting for transactions to process.

Its NFT marketplace includes NFT rentals and a marketplace for non-crypto game currencies, a feature that has appealed to Web 2.0 gamers, which in return makes the project scalable. Game developers can leverage Open Loot’s out-of-the-box solutions to launch their games and also take advantage of the platform’s advisory services to consult regarding token design, marketing and overall gaming development.

 is OL, which can be earned through various in-game activities and participation in special events.

Open Loot leverages blockchain technology to enable the creation and management of player-owned economies within games. The following is an overview of its operation.

Open Loot offers an end-to-end solution for launching games with robust web3 economies. It handles all NFT and token management, allowing developers to mint and distribute crypto-based digital assets within their games. This integration simplifies the process of incorporating blockchain elements into games without requiring extensive blockchain expertise.

The Open Loot ecosystem features a marketplace in which players can buy and sell Open Loot NFTs through direct sales and auctions. Transactions can be conducted globally using cryptocurrencies, debit and credit cards or bank transfers, providing flexibility and accessibility to a broad user base.

Open Loot's patented Vault technology enables players to effortlessly manage blockchain-based digital assets. This system supports instant transaction settlements without gas fees, enhancing the user experience by eliminating common blockchain-related complexities.

Gaming developers can collaborate with premier creators and influencers to generate powerful content, and leverage automated marketing through scale-proven and go-to-market strategies and opportunities to speak at AMAs in the gaming community.

In addition to its team of notable gaming veterans, Open Loot has entered into strategic partnerships and already has five games associated with the platform.

, an AAA-quality NFT game in which players explore space and even build their own personalized metaverse. The other games are 

Another notable game associated with Open Loot is the 

 Telegram game, in which players engage in a time-bending adventure on their mobile phones.

Open Loot (OL) is the native token for the Open Loot platform. It’s designed to increase platform activity, enhance user acquisition and boost engagement across Open Loot’s games and products. The token’s utility is as follows:

 whose supply is capped at 5 billion. Tokens are to be distributed as shown below:

Open Loot is holding an OL TGE airdrop designed to reward its most active users with OL tokens. Users who earn OLRP from their activities on the 

 game and in the Open Loot marketplace can convert their OLRP to OL.

You can only convert OLRP points into OL tokens after holding them for ten days, at a ratio of 100:1 and a maximum of 30,000,000 OLRP per day (300,000 OL). Note that OLRP will expire in two years. Hence, it’s imperative to convert them before the expiration date.

You can earn OLRP through in-game activities, such as opening Epoch Chests and the Showdown Tournament on the 

 game. You can also earn OLRP from social media activities, by playing the 

Telegram game and by being in the top 5 on the 

You can buy OL tokens on Bybit as USDT Spot pair (

). The OL Spot pair can also be traded via Bybit's 

. To celebrate the OL Spot listing, Bybit is holding two special 

The first event is exclusive to new users. To participate, 

 and get verified, then accumulate a deposit volume of at least 2,000 OL or deposit 100 USDT and trade 100 USDT worth of OL via your first trade using your Bybit account.

), register and trade at least 500 USDT worth of OL on Spot to earn a share of the 2,000,000 OL prize pool.

Both events run from Nov 19, 2024, 6AM UTC through Dec 3, 2024, 6AM UTC.

Open Loot’s robust infrastructure is good for the gaming space, where it accommodates both Web 2.0 and web3 users. Developers can seamlessly launch games through the platform and receive technical support. With the success of 

, Open Loot is one project to watch in the web3 space.

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Open Loot (OL): The Key to Frictionless Web3 Gaming

What does a strong BTC price mean to the broader Bitcoin ecosystem?

The conversation around the Bitcoin ecosystem has returned as the price of BTC reached another all-time high, over $90,000, for the first time in November 2024. High expectations from a pro-crypto U.S. administration, a fresh easing cycle from the Fed, strong demand for crypto ETFs and institutional adoption could all be driving forces behind BTC's strong performance.

On the other hand, the performance of the Bitcoin ecosystem projects and their related assets was mixed. The 

 of Bitcoin DeFi reached a new high, while the floor price of most ordinal inscriptions didn’t follow BTC's strong momentum.

In this article, we’ll look into what BTC record performance means to the broader Bitcoin ecosystem. The possibility of BTC's strong momentum creates tailwinds for sub-verticals within the ecosystem, and the chance of speeding up the adoption of Bitcoin scaling technologies as interest increases. 

 (DeFi) for Bitcoin could be one of the sectors that benefit from a high BTC price. Bitcoin DeFi is an emerging sector within the Bitcoin ecosystem that aims to leverage Bitcoin's security and infrastructure for DeFi applications. 

 (TVL) of Bitcoin DeFi has reached over $4 billion for the first time as the price of BTC surged to over $90,000. With BTC's price expected to rise further, overall liquidity in the Bitcoin network could increase and more BTC could be locked into DeFi protocols.

Figure 1: TVL of Bitcoin DeFi has reached $4 billion for the first time. Source: DefiLlama

 are some of the popular narratives among Bitcoin DeFi. These related projects are expected to benefit from increased interest, activity and liquidity in the Bitcoin network. For example, some BTC holders could look to generate yield from their idle holdings. BTC's increasing value might encourage some other holders to mint and use BTC-collateralized stablecoins.

The current bullish sentiment may create a positive feedback loop. Rising prices could fuel investors' optimism, driving further investment into the Bitcoin ecosystem and potentially leading to a self-sustaining growth cycle.

If the demand for Bitcoin DeFi is set to increase, the interest in Bitcoin's scaling solutions might also increase. That's because developers could take advantage of the market attention of the world’s leading crypto, as well as some of the recent technology breakthroughs under the hood, to build (

) on Bitcoin. This would especially apply to expanding Bitcoin’s 

 (L2) solutions, allowing the blockchain to handle transactions more efficiently. On top of that, building sophisticated 

Figure 2: TVL of Stacks — a major Bitcoin L2 — recovering from Q2’s decline. Source: DefiLlama

, a Bitcoin L2 that provides smart contract capabilities for the Bitcoin blockchain, might see increased interest. Data from DeFillama shows that Stacks' TVL has been gradually recovering from Q2's decline, and

, its native token, has posted a 20% YTD gain.

In addition, a strong BTC price could benefit BTC-related infrastructure. Projects such as 

, a Bitcoin-based noncustodial wallet that allows users to store and manage assets on Bitcoin, and Nomic, which bridges Bitcoin to the 

 ecosystem, could see growth due to the increased demand for interoperability, allowing Bitcoin to be used in DeFi ecosystems beyond its native network.

Ordinal Inscriptions Struggle to Regain Traction

 were some of the important narratives in the Bitcoin ecosystem in 2023. However, Ordinal inscriptions weren’t immune as the market trend turned sour in Q2 2024. As the price of BTC has rebounded, some of the ordinal inscriptions seem to have struggled to regain traction. Figure 4 shows the floor price of Runestone, which is the third-largest market cap ordinal inscription collection on CoinGecko. It hasn’t seemed able to follow BTC’s recent strong momentum, at least not yet. Although some other collections may have shown some traction recently, its floor price is still quite far from its previous peak.

Figure 3: Total market cap of NFTs on Bitcoin. Source: CoinGecko

Figure 4: Floor price of Runestone over time. Source: CoinGecko

BRC-20 tokens seem to be in a similar situation. For example, 

 have a $1.3 billion combined market cap, and take up over 80% of the total BRC-20 token market cap. They’ve been struggling to follow BTC's uptrend and largely remain in the same trading range that they’ve been in for months, notwithstanding some recent short-term rebound.

Philosophical Difference Could be a Challenge

The future development of the BTC ecosystem could still face multiple challenges — despite all the innovations that have been pushing the boundaries of the oldest blockchain — and community division is a major challenge.

There's still a philosophical debate within the Bitcoin community about whether Ordinal inscriptions and BRC-20 tokens align with Bitcoin's original purpose. While Bitcoin's 

 (or "digital gold") narrative is widely accepted in the community — and has even begun to win buy-in from the mainstream — Ordinal inscriptions and BRC-20 tokens may often be seen as more risky and speculative by nature, especially if they don't offer significant advantages. This contention could pose a challenge for both Ordinal inscriptions and the BRC-20 standard, at least from an investment perspective.

Suppose the market perceives Ordinal inscriptions and BRC-20 tokens as less useful or integrated into financial ecosystems such as BTC. In that case, their value may not be fully realized by the market, and their liquidity might also not be as high as for BTC — meaning price movements could be more volatile and less directly correlated with BTC's price. In that scenario, even a skyrocketing BTC price may not be able to directly benefit the Ordinal inscription space and BRC-20 tokens.

On the other hand, Bitcoin DeFi is painting a relatively rosier picture. Since Ethereum-based DeFi has been around for a long time, the concept is easy to understand and is being tested in the market. Extending that into the Bitcoin blockchain thus seems more digestible. Besides, the demand for staking, restaking, native yield and BTC-backed stablecoins has been increasing in proportion to the price of Bitcoin. At the same time, recent tech innovations seem to cater more to DeFi activities on Bitcoin, rather than improving the user experience of Ordinal inscriptions and BRC-20 tokens. 

The impact of Bitcoin's record-high prices extends far beyond mere numbers on charts. As we've examined throughout this analysis, a rising BTC price could create a cascading effect across the entire Bitcoin ecosystem. However, it's crucial to recognize that sustainable ecosystem growth requires more than just price appreciation. 

While record-high prices certainly attract attention and capital, they must be accompanied by fundamental improvements in scalability, accessibility and user experience. The challenge for the Bitcoin ecosystem will be to harness this increasing momentum to build lasting infrastructure and develop practical applications that extend far beyond speculative trading. 

Advanced

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Will the Bitcoin Ecosystem Benefit From a Record High BTC Price?

Nov 25, 2024: Our weekly Institutional Insights explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

 explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

Weekly Highlight — Trump's Planned Crypto Advisory Council

President-elect Donald Trump has pledged to establish a crypto-friendly administration, which includes forming a new advisory council for the cryptocurrency industry. Major companies like Ripple, Kraken and Circle are vying for positions on this council to influence U.S. digital asset policy.

The council is expected to be based within the White House, likely under the National Economic Council, and will coordinate policies related to cryptocurrencies, advise Congress and help create a national Bitcoin reserve. Industry leaders, including executives from Coinbase and Circle, have expressed interest in joining.

Trump’s transition team is also considering appointing a "crypto tsar" to lead the council. Former CFTC officials, such as Heath Tarbert and Brian Quintenz, are advising on crypto policy as the administration seeks to roll back Biden-era enforcement actions against crypto companies.

While excitement over a pro-crypto administration has contributed to Bitcoin's surge toward $100,000, some consumer groups have raised concerns about the industry shaping its own regulations. 

Weekly Crypto Highlight — Bitcoin Tests $100,000 as ETF Flows Intensify

U.S. Spot Bitcoin exchange-traded funds (ETFs) have achieved a significant milestone, accumulating over $30 billion in total net inflows since their inception in January 2024. This surge in investment reflects a growing interest in Bitcoin, as well as a favorable market environment.

The rise in net inflows and trading volume can be attributed to heightened bullish sentiment in the market, particularly following the re-election of former president Donald Trump. His return to the political forefront has sparked optimism among investors, contributing to increased confidence in cryptocurrency investments.

As a result of this influx of capital, the total net asset value of these Bitcoin ETFs has exceeded the $100 billion mark as of Wednesday, Nov 20, 2024. This achievement underscores the growing acceptance of cryptocurrencies in mainstream finance, and highlights the potential for continued growth in this sector. The strong performance of these funds signals a robust demand for Bitcoin, and could pave the way for further developments in cryptocurrency investment.

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Weekly Institutional Insights: Bitcoin Tests $100K as ETF Flows Intensify

Trading

The ABCD chart pattern is a harmonic pattern which offers excellent risk-to-reward ratio trading opportunities. It consisting of four reversal points and and visually resembles a lightning bolt.

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The ABCD pattern is a popular harmonic formation found in 

 that identifies potential trading opportunities. Over the next few minutes, we’ll review what the pattern is, see how to incorporate it into trading strategies and look at some of its limitations.

The ABCD pattern is a harmonic formation formed on trading charts and used in technical analysis. It consists of four reversal points labeled A, B, C and D. The pattern is simple to understand and visually resembles a lightning bolt.

ABCD patterns are versatile and can be applied to any chart time frame and financial market, such as stocks, currencies, commodities and crypto. Additionally, the pattern boasts specific measurements that must appear for each point, making it a popular choice among traders. When spotted, the pattern can deliver excellent 

The bullish ABCD pattern points downward, and offers traders an opportunity to buy at point D.

The formation of the bullish ABCD pattern is as follows:

: The pattern begins with a significant high point, representing the start of the downward move.

: The price starts to decline from point A. Point B marks the end of this initial decline and the beginning of a partial bounce higher.

: As the temporary rally continues, it will retrace about 50–78% of the AB leg. Point C represents the price where the rally finds resistance and stops.

:From point C, the market experiences another downtrend that pushes below the low price of point B. Point D is the target level at which traders may consider entering a long position, or taking profits in a short position.

On the other hand, the bearish ABCD pattern is an upward formation that suggests a potential downward trend in the market. 

The formation of the bearish ABCD pattern is typically as follows:

: The pattern starts with a significant low point in the market. This represents the beginning of an upward trend.

: Point B marks the end of the upward rally and the beginning of a correction lower.

: Point C will be a higher price than point A, representing a partial retracement of the AB rally, typically about 50–78% of the distance that the upward AB leg has traveled.

: Finally, the price rallies again, surpassing the previous high at point B. Point D is the target level at which traders may consider entering a 

With a little bit of practice, you can easily identify an ABCD chart pattern. It’s often compared to a lightning bolt, due to its distinct shape and symmetry. 

Follow the steps in order to identify this pattern.

First, look for a significant swing high or low that marks the beginning of a trend. This trend will be the first of three consecutive price swings. The beginning of the first trend is point A, while the end of the trend is point B. 

Second, look for a countertrend price movement that only partially retraces the first trend. This second trend will be the smallest trend of the three waves, and is the BC leg.

Lastly, look for the third trend to be the same length as the first trend. The final point of the pattern is at point D, which completes the lightning bolt pattern.

In addition to observing the lightning bolt shape, it’s important to notice symmetry between the lengths of the AB and CD legs in both time and price. This means that the distance and time it takes for the price to move from A to B should be similar to the distance and time it takes to move from C to D. The symmetry adds further confirmation to the pattern.

To increase the effectiveness of trading with the ABCD trading pattern, it's important to follow specific measurements and geometry regarding its shape. Below are some rules to consider.

Point C will always remain above point A in an uptrend, or below point A in a downtrend.

Of the three trends in the pattern, the BC leg will be the shortest.

 and apply it to the AB leg to spot a target zone for point C. The retracement of AB will mean point C should fall within the 0.500 to 0.786 Fibonacci retracement of the initial AB trend. 

The price level of "D" must be either above or below the price level of point B (in the bearish and bullish patterns, respectively). You’ll notice some symmetry will begin to develop as point D exceeds point B.

Once points A, B and C are in place, we can begin to establish target levels for point D. Apply the 

 to points A, B and C. The point D target will rest near 1.000, 1.272 or 1.618 times the length of AB. The most common occurrence is when AB and CD are equal in length (1.000), but the other two ratios are also observed.

By adhering to these rules, traders can improve the accuracy of their ABCD pattern trading and enhance their overall performance. Keep in mind that no trading strategy guarantees success, and 

Drawing ABCD patterns on price charts involves identifying and connecting the four key points, identified above as A, B, C and D. 

These days, charting packages offer a plethora of tools to assist you with drawing. For example, traders will sometimes draw a trend line connecting each of the four points.

, include an ABCD pattern icon. This tool actually calculates how long each of the waves is in comparison to one another.

For example, in the chart above, an ABCD harmonic pattern emerges in September 2021. When we apply the TradingView drawing tool to the chart, it will automatically calculate C’s retracement of leg AB, and determine the extension of D as compared to leg AB.

ABCD chart patterns are versatile, and can be viewed on all financial instruments on all chart time frames where there’s a reasonable amount of liquidity.

There are two main strategies used when trading the ABCD pattern.

With three data points at hand (points A, B and C), we can calculate and estimate the target for point D and anticipate a price reversal.

If the pattern is a bullish ABCD pattern, then a trader can anticipate a bullish reversal and buy at point D. If the pattern is a bearish ABCD, then a trader may look to sell in anticipation of a bearish reversal.

Once the price reaches point D, look for other bullish indications, such as a 

 formation or resistance breaking. In the image above, the price falls, reaching the bearish trajectories of "D". Then, after a successful bullish retest of the price lows, Bitcoin rallies to break above resistance. A trader would look to make their buy entry point on this break and place their 

 below the low of "D". Generally, prices will retrace back to point C, so taking profits at "C" should provide a good risk-to-reward ratio.

If the larger overall trend is expected to continue, then sometimes traders will anticipate the price driving to point D and beyond.

For example, in a bearish ABCD trading pattern, the CD leg is a rally. Once the point C low forms, a trader may buy in anticipation of the price traveling to point D.

In the example above, "C" retraces between 50–61.8% of AB. When the price breaks above the green resistance trend line, a trader can buy and place a stop loss just below the low of point C. We can calculate the targets based on our rules above. The best target is when AB and CD are equal and we can anticipate the 100% extension, which will generally produce a good risk-to-reward ratio.

ABCD patterns have their advantages, as well as some limitations.

:The ABCD trading pattern provides traders with well-defined entry and exit levels, allowing for precise trade execution and risk management.

:The pattern is based on specific price levels and structures, making it relatively objective and rule-based. Traders can apply predefined criteria to identify and validate the pattern.

: After the completion of the pattern, it's common for prices to retrace back to point C. This provides traders with an excellent risk-to-reward ratio when trading the pattern.

: Like any chart pattern in technical analysis, this pattern isn’t foolproof, and can produce false signals. A trader must exercise caution, and incorporate a stop-loss order to protect their account’s capital.

: While the ABCD pattern has defined rules, there can still be subjectivity in identifying the exact points of A, B, C and D. Traders may interpret the pattern differently, leading to variations in trade setups.

: Many traders may face challenges when using the pattern, such as the temptation to chase the market or exit too early. It requires discipline and patience to execute trades according to the pattern's geometry.

The ABCD trading pattern serves as a valuable tool for traders seeking potential trading opportunities. With its clear structure and defined entry and exit points, this pattern offers a rule-based approach to trading. By understanding the pattern's measurements, recognizing its visual resemblance to a lightning bolt and exercising adequate risk management, traders may effectively incorporate it into their trading strategies.

ABCD Pattern: What Is It and How to Trade With It

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