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- Crypto Saving Expert Newsletter - Issue 164
Crypto Saving Expert Newsletter - Issue 164
Gm! Bitcoin is closing out October pressing against resistance after weeks of consolidation.
The market sits on the edge of what could become “Upvember,” with traders watching to see if price can finally break higher or drift back into range.
Last year’s November rally began from a similar setup - the question now is whether history repeats 👇
Table of Contents
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Bitcoin Ready For Upvember?
As October comes to an end this week, the market will naturally begin to look at what November may hold for bitcoin and altcoins.
Bitcoin
Bitcoin is at a point where it could tail off or break higher. The price is pressing resistance in and around the $116,000 region.
The point of demand is down towards $108,000 in terms of the wider range it has formed. From here, bitcoin could break above, and open up the route towards $121,000, where supply awaits.
This is the region where the aggressive sell-off occurred and will naturally provide immense resistance.
There is also a CME gap down at $111,000 to take note of.
History Repeats?
Last year, bitcoin exploded in November following the election of Trump as President again.
This came after bitcoin had a liquidation move and then consolidated.
This year, bitcoin has suffered a liquidation move and is currently in consolidation. With ‘Upvember’ less than a week away, could we see bitcoin expand upwards again?
Currently, the catalyst remains unclear, unless the market naturally takes on the upward trend. However, the similarities remain painted on the chart.
Gold
Gold has taken a hammering over the last week after reaching a local top. It is currently down 11%, with potential for further downside to come.
The chart shows areas of interest for Gold should its correction continue. There is no telling whether Gold’s historic rally is over, or if it is simply cooling off before higher.
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ZEC
Zcash has taken the headlines in recent weeks after its momentous rally.
The price is up over 821% since the start of September, with most of the gains coming in October.
This has seen ZEC reverse over four years of selling and sideways price action in a matter of weeks.
Still, ZEC has now filled in the 2021 high and wick, which may mark a top for this move if profit-taking occurred and capital rotated out.
Fear & Greed Index
The Fear and Greed Index has pushed back into the Neutral zone after residing within Fear and Extreme Fear in the second half of the month.
This came after bitcoin’s bounce and demonstrates the appetite for optimism in the market.
Important Dates
Wednesday 29 October, 18:00 UTC - Fed Interest Rate Decision
The Federal Open Markets Committee meeting occurs eight times a year. The Fed meets to discuss recent economic data and the strength of the US economy before deciding whether it should increase, decrease, or leave rates unchanged.
The Federal Reserve is composed of a Board of Governors that assists its Chair, Jerome Powell, in making interest rate decisions and steering the US economy.
At 18:00 UTC, the Fed will announce its interest rate decision, which is expected to be a 25bps cut. Afterwards, a press conference will begin at 18:30, where Powell will conduct a 30-minute speech before taking questions from the press.
Friday 31 October, 12:30 UTC - Core Personal Consumption Expenditures (PCE)
The US Bureau of Economic Analysis releases the core PCE data, which measures the average amount of money consumers spend monthly in the economy.
PCE is released in two formats: month-over-month and year-on-year. The data also removes volatile products, such as energy and food.
The year-on-year data is not forecasted.
Gainers
Losers
Kadena Blockchain Shuts Down Operations, Token Crashes 60% in 90 Minutes
Kadena, the once-promising enterprise blockchain founded by former JPMorgan and SEC leaders, has shut down its operations, citing market conditions. The KDA token crashed 60% in 90 minutes, though miners will keep the network running.
TLDR:
🛑 Kadena, the layer-1 blockchain launched in 2016, has ceased all business operations and network maintenance, citing “market conditions.”
📉 The Kadena (KDA) token plunged 60% within 90 minutes following the announcement.
💬 Despite the shutdown, independent validators will continue to operate the proof-of-work network.
🔒 The project still plans to decide how to handle over 83 million unlocked KDA tokens due in 2029.
Kadena Calls It Quits
In an unexpected announcement on Tuesday, Kadena, once touted as the“blockchain for business,”said it isshutting down operations effective immediatelyafter failing to maintain financial and market viability.
“We are no longer able to continue business operations and will be ceasing all business activity and active maintenance of the Kadena blockchain immediately,”the project said in a statement on X.
The KDA token collapsed 60% in just 90 minutes, dropping its market capitalisation from over $70m to around $30.9m, according to CoinGecko data.
“We are tremendously grateful to everybody who has participated in this journey with us,”the Kadena team added.“We regret that because of market conditions, we are unable to continue to promote and support the adoption of this unique decentralised offering.”
🧩 A Veteran-Led Blockchain With Lofty Ambitions
Founded in 2016 by Stuart Popejoy and Will Martino, Kadena was designed to merge enterprise-grade scalability with decentralisation.
👉 Popejoy previously led JPMorgan’s Blockchain Center of Excellence.
👉 Martino served as tech lead for the SEC’s cryptocurrency steering committee before dedicating his efforts to Kadena full-time.
At its peak in November 2021, Kadena reached a $4bn valuation, fueled by excitement around its proof-of-work smart contract architecture.
However, despite its technical pedigree, Kadena struggled to build a sustainable ecosystem or achieve the developer traction seen by rivals like Ethereum and Solana.
“This underscores the brutal reality of today’s blockchain market,”said one analyst.“Without consistent user growth or DeFi adoption, even technically sound projects are burning out.”
⚙️ Network Will Remain Online — For Now
Kadena clarified that while the company is shutting down, the blockchain itself will remain operational through independent miners and node operators.
“The Kadena blockchain is not owned or operated by the company,” it explained.“As a decentralised proof-of-work network, it continues to run via independent validators and miners.”
The team said it will release a new binary to ensure network continuity and encourage node operators to upgrade.
💰 What Happens to KDA Tokens?
The Kadena team still must decide how to manage its 83.7m KDA tokens scheduled for release in November 2029.
Additionally, 566m KDA remain reserved for mining rewards until the year 2139, meaning mining can technically continue despite the project’s operational shutdown.
The team said it plans to consult the community on the distribution of future tokens.
📉 Kadena’s Fall, A Cautionary Tale
Kadena’s collapse serves as another warning sign for smaller layer-1 projects struggling to stay relevant in a post-Ethereum, post-Solana landscape dominated by deep liquidity and institutional adoption.
“Building a blockchain isn’t enough anymore,”said one venture analyst.“Survival now depends on traction, ecosystem growth, and sustained user demand.”
With Kadena’s founders stepping back and its token down over 99% from its 2021 highs, the project’s once-bright promise has officially come to an end.
Solo Bitcoin Miner Wins $347k Block Reward in Rare “Bitcoin Lottery”
A solo Bitcoin miner won $347,455 after mining block #920,440 entirely on their own using Public Pool on an Umbrel Server, a rare victory that underscores Bitcoin’s decentralisation and the growing accessibility of pocket-sized mining rigs.
TLDR:
💎 A solo Bitcoin miner has earned $347,455 after successfully mining a block entirely on their own.
🧠 The miner used Public Pool via an Umbrel Server, demonstrating true self-sovereignty and decentralisation.
🪙 The block contained a 3.125 BTC reward plus 0.016 BTC in transaction fees.
⚡ Solo mining wins are rare but increasing in frequency as smaller miners return to the network.
🧰 Pocket-sized Bitcoin miners now cost less than an iPhone, making solo mining more accessible than ever.
A $347k Solo Mining Win
A lone Bitcoin miner has beaten the odds, earning a $347,455 block reward after solving block #920,440 entirely by themselves.
According to Mempool.space, the block was mined on Thursday at 7:32 p.m. UTC, using the Public Pool mining protocol.
The reward consisted of 3.125 BTC from the current block subsidy and 0.016 BTC in transaction fees.
The win was confirmed by Bitcoin node infrastructure firm Umbrel, which said the miner achieved the feat without any intermediaries, running their own solo mining pool on an Umbrel Server.
“No middlemen. No third-parties. Just pure self-sovereignty in action,”Umbrel said.
“A solo block has been mined by a solominer, mining on his own mining pool, hosted on an Umbrel Server. Total sovereignty. We need more of this,”added the Bitcoin Bazaar X account.
🧩 A Boost for Bitcoin Decentralisation
Solo Bitcoin mining is often described as a “Bitcoin lottery” because the odds of a single miner discovering a block are extremely low, especially compared to industrial mining farms that control vast hash power.
That’s what makes such wins notable: they demonstrate that Bitcoin’s network remains open and fair, allowing even small, independent miners to participate meaningfully.
“The increase in solo Bitcoin miners solving blocks is a win for decentralisation,”said Umbrel.“It shows the protocol’s fairness and long-term resilience.”
While the majority of Bitcoin’s hashrate still comes from large, publicly traded mining firms, solo mining continues to attract smaller players seeking self-sovereignty and privacy.
⚙️ Pocket-Sized Mining Machines Gain Popularity
The comeback of solo mining coincides with a growing market for miniature, home-use mining rigs, some of which cost less than an iPhone.
Devices like the Bitaxe sell for between $155 and $600, depending on their terahash-per-second (TH/s) capacity. While these machines contribute only a fraction of global hash power, their open-source design encourages community innovation and transparency.
By enabling more individuals to run small-scale miners, these devices help strengthen Bitcoin’s decentralisation, reducing reliance on industrial players.
🧭 Outlook
The latest solo win is a symbolic reminder that Bitcoin’s original ethos, decentralisation and self-reliance, remains alive.
Even in an era dominated by corporate miners and industrial-scale operations, independent participants can still strike digital gold, thereby reinforcing the trustless, permissionless nature of the Bitcoin network.
“Solo mining is the purest form of Bitcoin,”said one analyst.“It’s the protocol working exactly as it should.”
Javier Milei’s Crypto-Friendly Party Wins Argentina’s Midterms, Cementing 2027 Presidential Bid
Javier Milei’s La Libertad Avanza party has won Argentina’s midterm elections with 40.68% of votes, strengthening his 2027 presidential bid. Despite crypto reforms and Bitcoin-friendly policies, Milei’s image remains clouded by the LIBRA token scandal.
TLDR:
🗳️ President Javier Milei’s La Libertad Avanza party secured 40.68% of votes, defeating the ruling Peronists in the midterm elections.
💰 The result positions Milei as a top contender for Argentina’s 2027 presidential race.
₿ Milei has legalised Bitcoin-based contracts and supports free-market crypto adoption.
⚖️ His image remains damaged by the LIBRA token scandal, despite being cleared of wrongdoing.
📉 Recent polls show 63.2% of Argentines view him negatively, reflecting lingering distrust.
Milei’s Party Wins Decisive Midterm Victory
Argentina’s outspoken, crypto-friendly president, Javier Milei, scored a major political win this week, as his La Libertad Avanza (LLA) party captured 40.68% of the national vote, making it the leading political force ahead of the October 2027 presidential race.
The results, confirmed with 99% of votes counted, mark a turnaround from September, when the LLA lost heavily to the Peronists in Buenos Aires province.
According to La Nacion, Milei’s victory this time included Buenos Aires, a region historically dominated by the Peronist movement.
The outcome reinforces Milei’s status as a front-runner for re-election, even as the Peronist bloc retains a congressional majority.
“This is a turning point,”wrote Argentine newspaper Clarín.“Milei’s liberal economic message has now resonated in territories once considered unwinnable.”
💵 Free-Market Push and Crypto Roots
Milei, a former economist and self-described “anarcho-capitalist,” has built his presidency around free-market economics, shrinking the state, and fighting inflation, which remains one of the highest in Latin America.
He also made headlines for his pro-crypto policies, including legalising contracts settled in Bitcoin and other cryptocurrencies in December 2023.
Supporters credit him with helping normalise Bitcoin adoption in Argentina’s financial system, as he often frames crypto as a tool for economic freedom amid chronic peso devaluation.
“Crypto represents the end of the central bank’s monopoly,”Milei said in a 2023 televised debate.
💥 The LIBRA Scandal Shadow
Despite his pro-crypto stance, Milei’s image has been marred by the LIBRA token scandal earlier this year.
In February 2025, the LIBRA memecoin, launched by Kelsier Ventures CEO Hayden Davis, skyrocketed to a $4.6bn market cap after Milei mentioned it in an X post, before collapsing by 94% within hours.
Critics accused Milei’s associates of insider trading and market manipulation, though the Argentine Anti-Corruption Office later cleared him of wrongdoing.
Milei insisted he only“spread the word”about the token and never endorsed it directly.
📉 Polls Show Image Still Under Pressure
Despite the midterm triumph, public sentiment toward Milei remains deeply polarised.
Polling data from Zuban Córdoba, a centre-left research group, found his approval rating fell from 47.3% in November 2024 to 41.6% by March 2025, coinciding with the LIBRA controversy.
Their latestOctober 2025 poll shows 63.2% of Argentines view Milei negatively, an increase of more than 21 percentage points since March.
However, analysts caution that Zuban Córdoba’s polls tend to skew against libertarian leaders, given their ideological stance.
“Milei’s approval dip doesn’t negate his electoral strength,”said political analyst Luciano Romano.“He’s still the most powerful populist Argentina has seen in a generation.”
🧭 Outlook
The midterm victory cements Javier Milei’s dominance in Argentina’s volatile political landscape, and sets up a high-stakes rematch for 2027.
If he maintains his economic reforms and pro-crypto agenda, Milei could emerge as Latin America’s first openly Bitcoin-aligned leader to secure a second term.
Still, his challenge will be rebuilding trust among Argentines wary of past scandals while navigating the country’s fragile economy and rising inflation.
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