🚀 Scallop Lending Protocol Reaches $100 Billion Milestone
#Scallop #LendingProtocol #SuiEcosystem #DecentralizedFinance #Blockchain #Milestone #TotalValueLocked #DAPP #SUI
According to Odaily, the Sui ecosystem lending protocol, Scallop, has achieved a total lending amount of $100 billion. Additionally, Scallop has generated over $2 million in fees, with a transaction volume exceeding $57 million. The total value locked (TVL) in the protocol has reached a record high of $167 million. This significant milestone indicates a high level of activity on the decentralized application (DAPP).#Scallop #LendingProtocol #SuiEcosystem #DecentralizedFinance #Blockchain #Milestone #TotalValueLocked #DAPP #SUI
🚀 Telegram Discloses IP Addresses Of Criminals Since 2018
#Telegram #IPAddresses #DataDisclosure #PrivacyPolicy #CriminalActivity #LegalRequests #Transparency #Freedom #Privacy #Activism
According to Cointelegraph, Telegram founder and CEO Pavel Durov has clarified that the instant messaging platform has been disclosing IP addresses and phone numbers of accounts involved in criminal activities for several years. Durov addressed his followers on Oct. 2, explaining that his recent post about these disclosures might have been misunderstood as a major change in Telegram's operations. However, he emphasized that this practice has been in place since 2018.
Durov stated that Telegram has been complying with legal requests for data disclosures in accordance with its privacy policies in most countries. He explained that whenever Telegram received a properly formed legal request, the company would verify it and disclose the IP addresses and phone numbers of dangerous criminals. This process has been ongoing long before the recent announcement.
Durov provided data from Telegram’s Transparency Bot, which tracks the number of processed requests for data disclosures from authorities. For instance, in Brazil, Telegram disclosed data for 75 legal requests in Q1 2024, 63 in Q2, and 65 in Q3. In India, Telegram's largest market, the company satisfied 2461 legal requests in Q1, 2151 in Q2, and 2380 in Q3.
Durov also emphasized that Telegram's core principles have not changed. The company continues to streamline and unify its privacy policy across different countries while striving to comply with relevant local laws, as long as they do not conflict with Telegram's values of freedom and privacy. He reiterated that Telegram was built to protect activists and ordinary people from corrupt governments and corporations, and the platform does not allow criminals to abuse its services or evade justice.#Telegram #IPAddresses #DataDisclosure #PrivacyPolicy #CriminalActivity #LegalRequests #Transparency #Freedom #Privacy #Activism
🚀 🔥 U.S. September ADP Employment Data to Be Released Tonight Amid Rate Cut Expectations 🔥
#ADPEmployment #InterestRateCuts #FederalReserve #JeromePowell #LaborMarket #MarketVolatility #EconomicData #InvestmentRisks
The U.S. ADP employment figures for September will be released tonight at 20:15, drawing significant attention from the market amid growing expectations of interest rate cuts by the Federal Reserve. Fed Chairman Jerome Powell recently stated that the labor market remains robust but "has indeed cooled down," suggesting the potential for two more 25 basis point rate cuts this year.However, market participants are betting on a more aggressive rate cut cycle, and tonight's ADP data, also referred to as the "small non-agricultural" report, will be a key indicator in validating Powell's outlook. The data release is expected to generate market volatility, and investors are advised to be mindful of the associated risks.#ADPEmployment #InterestRateCuts #FederalReserve #JeromePowell #LaborMarket #MarketVolatility #EconomicData #InvestmentRisks
🚀 Grayscale Bitcoin Trust Outperforms Competitors Despite Asset Decline
#Grayscale #BitcoinTrust #GBTC #IBIT #AssetsUnderManagement #FeeRevenue #Bitcoin #Investing #Finance
According to PANews, despite a significant reduction in assets under management (AUM) due to outflows, Grayscale Bitcoin Trust (GBTC) continues to generate higher fee revenue compared to its competitors. GBTC's current fee rate stands at 1.50%, significantly higher than BlackRock's iShares Bitcoin Trust (IBIT), which charges a fee rate of 0.25%. This disparity results in Grayscale's annual revenue being approximately $205 million, five times that of IBIT's $42.5 million, despite IBIT managing a larger asset base.
In January of this year, GBTC managed $29 billion in assets, but due to substantial outflows, this figure has now decreased to $13.65 billion, with the trust holding around 220,000 bitcoins. While investors are increasingly seeking products with lower fee rates, Grayscale's early market entry has allowed it to maintain a robust cash flow. In contrast, IBIT manages $17 billion in assets and holds 366,000 bitcoins.#Grayscale #BitcoinTrust #GBTC #IBIT #AssetsUnderManagement #FeeRevenue #Bitcoin #Investing #Finance
🚀 Zeus Network Partners With Sec3 To Enhance Security And Transparency
#ZeusNetwork #Sec3 #BlockchainSecurity #Solana #CrossChain #DeFi #Bitcoin #Mainnet #Transparency #SecurityAudit #SOL
According to BlockBeats, on October 2, Solana's cross-chain communication network, Zeus Network, announced a partnership with leading blockchain security audit firm Sec3 to enhance the platform's security and transparency, bringing it closer to its mainnet launch. Sec3 will first audit the Zeus Program Library, focusing on the handling and verification of cross-chain interactions. Following this, Sec3 will evaluate ZeusNode, examining its consensus mechanism, data integrity, and potential vulnerabilities. This collaboration marks a significant step in ensuring the platform's security and reliability, paving the way for Bitcoin liquidity and innovative DeFi solutions within the Solana ecosystem.
The first dApp based on the Zeus Program Library, APOLLO Final Testnet, is now operational. Once the audit is completed, the mainnet is expected to launch soon, potentially transforming the Bitcoin and Solana ecosystems.#ZeusNetwork #Sec3 #BlockchainSecurity #Solana #CrossChain #DeFi #Bitcoin #Mainnet #Transparency #SecurityAudit #SOL
🚀 Bitcoin(BTC) Drops Below 61,000 USDT with a 4.63% Decrease in 24 Hours
#Bitcoin #BTC #Cryptocurrency #USDT #MarketData #PriceDrop #Finance
On Oct 02, 2024, 11:10 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 61,000 USDT and is now trading at 60,965.5 USDT, with a narrowed 4.63% decrease in 24 hours.#Bitcoin #BTC #Cryptocurrency #USDT #MarketData #PriceDrop #Finance
🚀 OpenAI Enhances AI Models With New Tools And Features
#OpenAI #AI #GPT4 #voiceapplications #RealtimeAPI #conversationalAI #imagerecognition #finetuning #modeldistillation #promptcaching #businessapplications #revenuegrowth
According to Cointelegraph, artificial intelligence developer OpenAI has introduced several updates to its models at the beginning of October, aimed at improving conversational abilities and image recognition. On October 1, OpenAI announced four new tools designed to facilitate developers in building on its AI models.
One significant update is the Realtime API, which allows developers to create AI-generated voice applications using a single prompt. This tool supports low-latency, multimodal experiences by streaming audio inputs and outputs, enabling natural conversations similar to ChatGPT’s Advanced Voice Mode. Previously, developers had to combine multiple models to achieve these experiences, resulting in higher latency for real-time applications like speech-to-speech conversations. With the Realtime API’s streaming capability, developers can now enable immediate, natural interactions, much like voice assistants. The API operates on GPT-4, released in May 2024, which can reason across audio, vision, and text in real time.
Another update includes a fine-tuning tool for developers, allowing them to enhance AI responses generated from images and text inputs. The image-based fine tuners improve the AI's capacity to understand images, thereby enhancing visual search and object detection capabilities. This process involves human feedback, where examples of good and bad responses are provided to the AI. Additionally, OpenAI has introduced “model distillation” and “prompt caching,” which enable smaller models to learn from larger ones and reduce development costs and time by reusing already processed text.
The advanced capabilities of OpenAI's models are a significant selling point, as a substantial portion of the company's revenue comes from businesses building their own applications on top of OpenAI’s technology. According to Reuters, OpenAI projects its revenue to rise to $11.6 billion next year, up from an estimated $3.7 billion in 2024.#OpenAI #AI #GPT4 #voiceapplications #RealtimeAPI #conversationalAI #imagerecognition #finetuning #modeldistillation #promptcaching #businessapplications #revenuegrowth
🚀 Meme Coin Miggles Surges 31.9% in 24 Hours
#meme #coin #Miggles #Base #cryptocurrency #BlockBeats #investment #risk #surge
According to BlockBeats, on October 2, data from CoinGecko revealed that the Base ecosystem meme coin, Miggles, has surpassed $0.033, currently priced at $0.0335. This marks a 31.9% increase in the past 24 hours.
BlockBeats advises users to exercise caution, noting that meme coins typically lack practical use cases and that Miggles is not an official Base project. Investors are urged to carefully assess the risks associated with such investments.#meme #coin #Miggles #Base #cryptocurrency #BlockBeats #investment #risk #surge
🚀 Taurus And Chainlink Labs Partner To Enhance Institutional Tokenization
#Taurus #Chainlink #Tokenization #Blockchain #DigitalAssets #InstitutionalInvesting #DataTransparency #CrossChain #Liquidity #MarketPricing #RegulatoryChallenges #Ethereum #Fintech #InvestmentOpportunities #TokenizedAssets #LINK
According to Cointelegraph, Taurus, a digital asset infrastructure provider, has entered into a partnership with Chainlink Labs, a blockchain technology firm, to advance institutional tokenization. The collaboration aims to boost the adoption of tokenized assets in institutional markets by enhancing data transparency, cross-chain mobility, and security.
In a news release shared with Cointelegraph, Taurus announced that it will utilize Chainlink data feeds for market pricing, reference data, and identity data to provide asset state information and facilitate transactions. Juergen Hofbauer, global head of strategic partnerships at Taurus, highlighted that while tokenization brings new investment opportunities, it also presents challenges. He emphasized the importance of enriching tokenized assets with high-quality offchain data, including market pricing, reference data, and identity data.
Hofbauer further explained that the partnership with Chainlink enhances liquidity and insight, particularly across different blockchain networks, to sustain the momentum for tokenized assets. The combined infrastructure of Chainlink and Taurus' presence in the European digital asset market offers financial institutions a new avenue to improve the tokenization process. However, the adoption of tokenized assets still faces regulatory challenges and concerns about market volatility, which the partnership will need to address in an increasingly competitive market.
Additionally, on September 26, Taurus partnered with Swiss fintech firm Aktionariat to facilitate the trading of tokenized shares from small and medium-sized enterprises in Switzerland. This partnership utilizes Aktionariat's tokenization solution to enable companies to convert their shares into blockchain tokens on the Ethereum network for trading on the Taurus Digital Exchange. RealUnit, an investment company focused on real assets, will be the first to test this collaborative solution, which is set to go live in November.#Taurus #Chainlink #Tokenization #Blockchain #DigitalAssets #InstitutionalInvesting #DataTransparency #CrossChain #Liquidity #MarketPricing #RegulatoryChallenges #Ethereum #Fintech #InvestmentOpportunities #TokenizedAssets #LINK
🚀 El Salvador President Discusses Bitcoin With Argentina Vice President
#ElSalvador #Bitcoin #Argentina #NayibBukele #VicePresident #GlobalInterest #BTC
According to PANews, El Salvador's President Nayib Bukele recently revealed in a media interview that Argentina's Vice President has sought his advice on matters related to Bitcoin. This interaction highlights the growing interest and consideration of Bitcoin among global political leaders.#ElSalvador #Bitcoin #Argentina #NayibBukele #VicePresident #GlobalInterest #BTC
🚀 Thailand's Kasikornbank To Launch Licensed Digital Asset Custodian
#Thailand #Kasikornbank #DigitalAsset #Custodian #FinancialSector #InvestorConfidence #DigitalAssetManagement #Regulated #SecureStorage #Transactions
According to PANews, Thailand's Kasikornbank is set to introduce the country's first licensed digital asset custodian. This move marks a significant step in the nation's financial sector, as it embraces the growing demand for secure and regulated digital asset management. The initiative is expected to enhance investor confidence and provide a robust framework for digital asset storage and transactions.#Thailand #Kasikornbank #DigitalAsset #Custodian #FinancialSector #InvestorConfidence #DigitalAssetManagement #Regulated #SecureStorage #Transactions
🚀 ADP Report Shows Broad Rebound In US Job Creation
#ADPReport #JobCreation #USJobs #Manufacturing #EconomicRebound
According to Odaily, the ADP report indicates a widespread rebound in U.S. job creation after five months of slowdown. The only sector that saw a reduction in jobs was the information industry. Notably, manufacturing added jobs for the first time since April.#ADPReport #JobCreation #USJobs #Manufacturing #EconomicRebound
🚀 Nibiru Foundation Launches Strategic Venture Capital Division
#NibiruFoundation #NibiruVentures #venturecapital #blockchain #ecosystem #developers #funding #guidance #applicationvisions
According to BlockBeats, on October 2, Nibiru Foundation announced the launch of its strategic venture capital division, Nibiru Ventures. This new department is dedicated to supporting blockchain projects built within the Nibiru ecosystem. Nibiru Ventures aims to nurture the next generation of developers by providing funding and guidance, helping them bring their application visions to market.#NibiruFoundation #NibiruVentures #venturecapital #blockchain #ecosystem #developers #funding #guidance #applicationvisions
🚀 Investor Profits Significantly From Hippo Token Trade
#Investor #Profits #HippoToken #Trade #Blockchain #SUI #Cryptocurrency #TokenSale
According to PANews, a monitored address recently executed a notable transaction involving the purchase and sale of Hippo tokens. Three days ago, the address spent 198 SUI tokens, equivalent to approximately $368, to acquire 253.5 million HIPPO tokens. Following this acquisition, the investor sold 119.6 million HIPPO tokens, earning 175,000 SUI tokens, which is roughly $325,000 in value. The remaining 133.9 million HIPPO tokens held by the address are currently valued at around $1.7 million.#Investor #Profits #HippoToken #Trade #Blockchain #SUI #Cryptocurrency #TokenSale
🚀 Worldcoin Foundation Announces Major Improvements To Community Grant Program
#Worldcoin #CommunityGrant #DigitalIdentity #Decentralization #Innovation #Governance #DeveloperExperience #ApplicationProcess #Funding #IdentityVerification #WLD
According to Odaily, the Worldcoin Foundation has announced significant enhancements to its community grant program. The updated program aims to simplify the application process and provide more innovative opportunities for global community builders. The foundation is transitioning to a dynamic, continuous application system, moving away from the previous wave-based structure. This change allows applicants to submit their proposals at any time, eliminating the need to wait for specific funding waves. The revised Request for Proposals (RFP) list continues to emphasize key areas of Worldcoin development, including:
World ID Applications: Creative implementations of World ID, showcasing its potential for secure, privacy-preserving authentication across various use cases.
Digital Identity Solutions: Projects advancing decentralized identity status, exploring new methods of identity verification, and user-centric personal data management and control.
Growth Initiatives: Proposals aimed at expanding the Worldcoin user base, improving onboarding processes, or creating educational resources to increase understanding and adoption of Worldcoin.
Governance Innovations: Ideas that contribute to Worldcoin's decentralization, enhance community decision-making processes, or explore new governance models utilizing World ID.
Improved Developer Experience and Tools: Projects focused on creating robust SDKs, API enhancements, documentation improvements, or development frameworks to make it easier for builders to integrate and use Worldcoin technology.#Worldcoin #CommunityGrant #DigitalIdentity #Decentralization #Innovation #Governance #DeveloperExperience #ApplicationProcess #Funding #IdentityVerification #WLD
🚀 BlackRock And Fidelity Bitcoin ETFs Rank Among Top 10 In AUM
#BlackRock #Fidelity #Bitcoin #ETFs #AUM #Investment #Finance
According to PANews, Bloomberg analyst Eric Balchunas has revealed that approximately 2,000 ETFs have been launched over the past decade. Among these, BlackRock and Fidelity's Bitcoin ETFs have secured positions in the top 10 based on total assets under management (AUM). Despite being introduced less than a year ago, IBIT and FBTC have quickly risen to become some of the youngest ETFs in the top 10.#BlackRock #Fidelity #Bitcoin #ETFs #AUM #Investment #Finance
🚀 Aptos Foundation Integrates Franklin Templeton's OnChain US Government Money Fund
#AptosFoundation #FranklinTempleton #OnChain #USGovernmentMoneyFund #FOBXX #Blockchain #TraditionalFinance #DecentralizedFinance #DeFi #EVM #Move #Tokenization #DigitalAssets #MutualFund #FinancialProducts #AptosNetwork #APT
According to Cointelegraph, Aptos Foundation and Franklin Templeton have announced the integration of the Franklin OnChain US Government Money Fund (FOBXX) on the Aptos blockchain. This development leverages the Move programming language to support the Treasury-backed fund, integrating real-world assets in non-Ethereum Virtual Machine (EVM) blockchain environments.
The money market fund primarily invests in US government securities, cash, and repurchase agreements collateralized by government securities. As of now, it has surpassed $427.95 million in assets under management. Notably, it is the first US-registered mutual fund to use blockchain technology to process transactions and record share ownership. Each share of the fund is tokenized and represented as one BENJI token, which can be stored in digital wallets.
Bashar Lazaar, head of grants and ecosystem at Aptos Foundation, emphasized the importance of connecting both traditional finance (TradFi) and decentralized finance (DeFi) worlds, as well as EVM and non-EVM networks. Aptos was founded by Mo Shaikh and Avery Ching, who were previously involved in Meta’s blockchain project Diem. Following the winding down of Diem, Shaikh and Ching utilized the technology to create Aptos.
The network has experienced significant activity, achieving a record 115.4 million transactions in a single day in May 2024. Since its launch in October 2022, more than 1.7 billion transactions have been completed on Aptos. Data from DefiLlama indicates that the blockchain currently holds $545 million in total value locked.
Roger Bayston, head of digital assets at Franklin Templeton, stated that the Aptos Network was chosen for its unique characteristics that meet the rigorous suitability standards for the Benji platform. The tokenization of funds is rapidly evolving among traditional financial products, enabling fractional ownership of assets. Other notable players in this space include BlackRock and ParaFi Capital.#AptosFoundation #FranklinTempleton #OnChain #USGovernmentMoneyFund #FOBXX #Blockchain #TraditionalFinance #DecentralizedFinance #DeFi #EVM #Move #Tokenization #DigitalAssets #MutualFund #FinancialProducts #AptosNetwork #APT
🚀 Ava Protocol Partners With Soneium To Simplify Blockchain Automation
#AvaProtocol #Soneium #BlockchainAutomation #Web3 #SmartContracts #DecentralizedFinance #NFT #CreatorEconomy #Privacy #TransactionCosts #NoCode #Partnership #SonyBlockSolutions #Ecosystem #Automation
According to Cointelegraph, Ava Protocol, a Web3 infrastructure provider, has announced a partnership with Soneium, a layer-2 blockchain developed by Sony Block Solutions Labs. This collaboration aims to integrate Ava Protocol’s intent-based, no-code automation into the Soneium Spark incubation program, which is designed to support developers and creators.
The partnership is expected to simplify blockchain technology for both developers and non-technical users. Ava Protocol’s intelligent, intuitive automation will enhance privacy, composability, and significantly lower transaction costs. This will allow creators and developers to monetize and manage their work more efficiently, minimizing complexity and reducing transaction costs. Users will be able to leverage blockchain technology through simpler smart contract execution on Soneium, making it accessible to individuals with varying levels of technical expertise.
Soneium is designed to provide high-performance, scalable, and secure access to decentralized finance (DeFi), non-fungible tokens (NFTs), and other creator economies. The open-source blockchain aims to serve various needs across all verticals, including recurring payments, NFT updates, and support for complex smart contract conditions. The integration with Ava Protocol will further enhance Soneium’s capabilities by executing transactions and smart contracts based on predefined conditions. This includes support for recurring payments, stop-loss orders, yield harvesting, and dynamic NFT updates and minting.
While the collaboration aims to improve the capabilities of both entities, Soneium’s market adoption and scalability remain untested. The reliance on predefined conditions for Web3 automation may limit its flexibility for future use cases, and its complexity could pose challenges for non-technical users. In addition to this partnership, Sony Block Solutions Labs entered a collaboration with Circle on September 15 to boost the adoption of Circle’s USD Coin (USDC).#AvaProtocol #Soneium #BlockchainAutomation #Web3 #SmartContracts #DecentralizedFinance #NFT #CreatorEconomy #Privacy #TransactionCosts #NoCode #Partnership #SonyBlockSolutions #Ecosystem #Automation
🚀 Bitwise Submits Application For XRP Spot ETF To SEC
#Bitwise #XRP #ETFs #SEC #Cryptocurrency #DigitalAssets #Finance #Investment
According to BlockBeats, on October 2, ETF issuer Bitwise has submitted an S-1 application to the U.S. Securities and Exchange Commission (SEC) for an XRP spot ETF. This move marks a significant step in the ongoing efforts to introduce more cryptocurrency-based financial products to the market. The application, if approved, would allow investors to gain exposure to XRP through a regulated exchange-traded fund, potentially increasing the accessibility and acceptance of the digital asset in traditional financial markets.#Bitwise #XRP #ETFs #SEC #Cryptocurrency #DigitalAssets #Finance #Investment
🚀 BNB Drops Below 540 USDT with a 6.18% Decrease in 24 Hours
#BNB #Binance #Crypto #USDT #MarketDrop #Cryptocurrency #PriceDecrease
On Oct 02, 2024, 13:30 PM(UTC). According to Binance Market Data, BNB has dropped below 540 USDT and is now trading at 538.599976 USDT, with a narrowed 6.18% decrease in 24 hours.#BNB #Binance #Crypto #USDT #MarketDrop #Cryptocurrency #PriceDecrease
🚀 Ethereum NFT Sales Hit Lowest Since January 2021
#Ethereum #NFT #Sales #OnChain #PANews #Transactions #UniqueSellers #UniqueBuyers #ETH
According to PANews, Ethereum's on-chain NFT sales in September amounted to approximately $102 million, marking the lowest record since January 2021. The month saw around 610,000 NFT transactions, with 71,170 unique sellers and 77,769 unique buyers.#Ethereum #NFT #Sales #OnChain #PANews #Transactions #UniqueSellers #UniqueBuyers #ETH