A widely followed crypto analyst says that one Ethereum (ETH) layer-2 scaling solution appears to be a cusp of a rally that would see it print gains of over 200%.

BlackRock announced on Wednesday that it is expanding its tokenized liquidity fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), to operate on multiple blockchain platforms.

Asset management titan BlackRock is announcing the expansion of its proprietary BUIDL, the company's on-chain money market fund, across five new blockchains.

The tokenized money market fund will launch on nearly half a dozen new blockchain networks.

An important pattern is pointing to a potential 340% increase to $7.20 in OP's price.

Optimism forms an ascending triangle, signaling a potential rally to $7.20.

Bitcoin (BTC) catapulted to another all-time high, reaching $89,604 before declining marginally, as bulls set their eyes on $90,000 and $100,000. The euphoria over Trump's win shows no signs of waning, and BTC could hit $100,000 before the end of the year if the bull run continues at its current pace.

During the U.S. trading session on Monday, the crypto market winessed an accelerated momentum as Bitcoin price spiked to a new high of $85,000. Most major altcoins are following the same pace and preparing to challenge their respective highs.

Bitcoin (BTC) surged to a new all-time high following Donald Trump's resounding victory in the US presidential elections. BTC surged to $76,460 hours following Trump's victory, as the crypto market surged to new highs.

The cryptocurrency exchange Gemini, owned by the Winklevoss brothers, has just announced the listing of OP and the memecoins POPCAT and BONK.

Optimism (OP) is making waves in the cryptocurrency space, particularly as a prominent layer 2 solution for Ethereum. This technology is designed to enhance transaction speeds and lower costs, addressing some of the main challenges that Ethereum has faced, such as high fees and congestion during peak times.

Bitcoin (BTC) is teasing a record high after it peaked at $73,464 on October 30, bringing it within touching distance of its all-time high of $73,750. However, the cryptocurrency has registered a marginal decline during the ongoing session and is trading just above $73,200.

OP's charts have been building momentum recently.

Swell abandons its initial plans to use Polygon's CDK, selecting Optimism's OP Stack for its Layer 2 migration strategy.

Cryptocurrency exchange Kraken received 25 million OP tokens (worth $42.5M) from the Optimism Foundation to build its new layer-2 network Ink on the Superchain ecosystem, with the grant split between engineering funding and transaction-based milestones.

Swell is transitioning to Optimism's Superchain ecosystem and developing an optimistic rollup on the OP Stack.

Binance announces the cancellation of the planned fourth airdrop snapshot for Chiliz (CHZ) holders, affecting the distribution of 1000PEPPER tokens.

Optimism Foundation and Kraken closed a 25 million OP deal to bring the exchange's new layer-2 (L2) blockchain, Ink, to the Superchain ecosystem. According to CryptoSlate data, the deal is worth $43 million at OP's current price of $1.72.

Crypto exchange Kraken announced last week that it will build a layer-2 network atop Optimism's OP Stack blockchain framework. CoinDesk is first to report that the deal was reached early this year, involving a grant of 25 million OP tokens, at the time worth roughly $100 million.

Chiliz chief strategy officer Max Rabinovitch recently discussed Ethereum co-founder Vitalik Buterin's efforts to address centralization in Ethereum's validation structure. In an interview with crypto.

Optimism (OP) is currently in the spotlight as it shows promising signs of a potential price breakout. Recent data reveals significant increases in trading activity, especially among large investors known as whales.

A widely followed crypto strategist believes that a decentralized oracle running on Ethereum (ETH) is gearing up for a big market reversal. Analyst Michaël van de Poppe tells his 733,600 followers on the social media platform X that he's bullish on Chainlink (LINK).

Chiliz has announced that its SportsFi platform, Socios.com, has received preliminary approval from the Malta Financial Services Authority (MFSA) for a Class 3 Virtual Financial Assets Act (VFAA) license, allowing it to provide digital asset services.

While Class 3 license holders cannot operate a VFA exchange, Socios.com will provide various VFA services, including asset custody.

Socios.com secures Malta's in-principle approval for a class 3 crypto license.

A Class 3 VFAA license would allow Socios.com to provide any digital asset service and hold or control clients' assets as they provide a virtual financial asset service.

Whale and trading activity have surged as Optimism consolidated for a potential breakout.

Built using the OP Stack, Kraken's Ink follows the lead of rival crypto exchange Coinbase's launch of Base in 2023.

On October 24, Kraken announced the launch of Ink, a new Layer 2 (L2) blockchain platform designed to streamline access to decentralized finance (DeFi). Built on Optimism's OP Stack and set to be part of the wider Ethereum Superchain, Ink aims to remove traditional barriers that often make navigating DeFi challenging.

Ethereum co-creator Vitalik Buterin on Monday said he hopes to witness the future decentralized autonomous organization (DAO) having more ways to obtain highly decentralized and permissionless formal membership. Buterin claims any currency is permissioned currently and there is even a continuous tradeoff space between the ApeCoin and ZuVillage levels of permissionedness.

Bitcoin (BTC) registered its best week in over a month, with its price up almost 8% as the world's largest cryptocurrency edges towards the $70,000 mark. BTC is currently trading just under $69,000 and has been up almost 1% in the past 24 hours.

Since last weekend, crypto buyers have returned enthusiastically, delivering the Q4 momentum many had anticipated. With Bitcoin's October performance flipping to the green, the altcoin market is gathering sufficient strength to spark a high-momentum rally.

On October 17, Kraken introduced Kraken Wrapped Bitcoin (kBTC), a new ERC-20 token aimed at increasing Bitcoin's utility across decentralized applications (dApps) on networks such as Ethereum and OP Mainnet.

Kraken, a leading cryptocurrency exchange, launched its own wrapped bitcoin (BTC) token, known as kBTC, on October 17.

The Kraken's launch of Wrapped Bitcoin will further enhance the mainstream adoption of BTC through Web3 space across different chains.

After Coinbase, Kraken has launched its very own wrapped Bitcoin product.

Kraken's launch follows the recent introduction of Coinbase's wrapped bitcoin asset, cbBTC, with both tokens competing against WBTC.

Lido Finance expands to Optimism, strengthening its position as the leading DeFi platform with over $25 billion in TVL, while its token LDO struggles despite ecosystem growth.

Optimism (OP) is in the spotlight, with heightened volatility expected from its upcoming token unlock.

Cryptocurrency Prices Today, October 16: The broader market's movement on Wednesday sparked mixed speculations globally. While Bitcoin (BTC) price topped the $67K level over the past day, top altcoins mainly illustrated a volatile movement.

The cryptocurrency market continued its strong start to the week, with almost all major cryptocurrencies in positive territory. Bitcoin (BTC) is up over 2% in the past 24 hours and briefly climbed above $66,000 before dropping to its current level of $65,500.

The Polygon chief has repeatedly suggested that an OP Stack chains are coming to the AggLayer.

The global crypto market staged a recovery last week, posting a 2.79% increase and closing with a market capitalization of $2.21 trillion. This surge added $60 billion to the market's overall valuation.

In this article, we look at the latest airdrop updates in the crypto world, focusing on the Optimism and Swell projects.

Chiliz (CHZ) has recently showcased a remarkable resurgence, adding over 10% to its price and securing its spot as the top gainer among the top 100 cryptocurrencies. As the cryptocurrency market experiences rising volatility, many are left wondering if CHZ can sustain this momentum and potentially reach its yearly high of $0.170 in the upcoming quarter.

Optimism price is recovering from a significant 13% drop between October 7 and 10, fueled by general market conditions. The announcement of an Optimism airdrop from the Optimism Foundation, coupled with the unexpected U.S. CPI data, initially had negative effects on the price.

The mix of signals from the data from the past 24 hours showed that the short-term bias was bearish.

Optimism token remained in a deep bear market as the recent rally of most cryptocurrencies stalled. Optimism (OP), a leading layer-2 token, was trading at $1.5140 on Oct. 10, down 70% from its highest point this year.