🚀 Ethereum Derivatives Market Shows Optimistic Investor Sentiment
#Ethereum #Derivatives #InvestorSentiment #Bullish #FuturesTraders #FundingRates #MarketTrends #CryptoQuant #InterestRateCut #OpenInterest #PriceSurge #Bitcoin #ETH
According to BlockBeats, on September 26, TheBlock reported that indicators in the Ethereum derivatives market suggest a growing optimism among investors. Julio Moreno, Head of Research at CryptoQuant, noted that the 30-day moving average of funding rates has turned positive, indicating an increase in bullish sentiment among futures traders. Moreno highlighted that this upward trend follows a prolonged period of decline, suggesting that market participants may be shifting towards a more optimistic outlook.
Data from Coinglass reveals that since the Federal Reserve's interest rate cut on September 18, the weighted funding rate for Ethereum's open interest has been trending positively, currently standing at 0.0089%. Analysts at QCP Capital also observed improvements in funding rates across major trading platforms, attributing this to the recent rate cut. Since the Federal Reserve's rate cut, Ethereum's price has surged by over 17%, outperforming Bitcoin's 10% increase during the same period.#Ethereum #Derivatives #InvestorSentiment #Bullish #FuturesTraders #FundingRates #MarketTrends #CryptoQuant #InterestRateCut #OpenInterest #PriceSurge #Bitcoin #ETH
🚀 Celo Challenges Tron In Daily Active Stablecoin Addresses
#Celo #Tron #Stablecoins #CELO #Ethereum #USDT #Crypto #Blockchain #MiniPay #VitalikButerin #DeFi
According to CoinDesk, Celo is emerging as a strong competitor to Tron in terms of daily active addresses interacting with stablecoins. The CELO token saw a significant rally, increasing by over 20% on Wednesday.
Celo, an Ethereum layer 2 and blockchain-based ecosystem focused on mobile-first decentralized applications and smart contracts, is closing in on Tron's lead. The seven-day moving average of daily active addresses using stablecoins on Celo has risen to nearly 700,000, almost matching Tron's figures, as per data from Artemis.
This growth follows Tether's deployment of its dollar-pegged stablecoin, USDT, on Celo in March. Since then, over $200 million worth of USDT has been issued on the network. Additionally, Celo's partnership with Opera last year to launch MiniPay, a mobile-first non-custodial stablecoin wallet, has contributed to this surge. MiniPay has attracted over 1 million users across Nigeria, Ghana, and Kenya within five months of its launch.
Ethereum founder Vitalik Buterin praised Celo's progress on X, boosting investor interest in the CELO token. As of the latest data, the cryptocurrency is trading at 63 cents, marking a nearly 20% gain in 24 hours. Buterin highlighted the importance of improving global access to basic payments and finance, noting Celo's traction in this area.
Despite these advancements, Celo still trails behind Tron in terms of the value of stablecoin transferred on-chain this month. Artemis data indicates that Celo has recorded just over $1 billion in transfer volume, significantly less than Tron's $335.7 billion. Ethereum continues to lead with over $470.4 billion in transfer volume.#Celo #Tron #Stablecoins #CELO #Ethereum #USDT #Crypto #Blockchain #MiniPay #VitalikButerin #DeFi
🚀 Metis Reports Significant Progress in Layer2 Scaling Solution
#Metis #Layer2 #ScalingSolution #Blockchain #Crypto #METIS #Tokenomics #NetworkSecurity #SequencerMining
According to BlockBeats, on September 26, Metis, a Layer2 scaling solution, announced its latest developments. Currently, 414,193 METIS tokens have been locked for sequencer mining. Metis stated that over the past six months, more than 6% of METIS tokens have been removed from circulation to enhance network security.#Metis #Layer2 #ScalingSolution #Blockchain #Crypto #METIS #Tokenomics #NetworkSecurity #SequencerMining
🚀 Ethereum Trader Achieves Significant Profit In Latest Transaction
#Ethereum #ETH #trading #profit #cryptocurrency #blockchain #swingtrader #onchainanalysis
According to Odaily, an on-chain analyst named Yujin has reported that a particular swing trader has successfully completed his tenth round of Ethereum (ETH) trading, earning a profit of 554,000 USDT. This achievement brings his current record to nine wins and one loss.
The trader purchased 10,206.4 ETH at an average price of $2,571 per ETH following a price pullback, investing approximately $26.24 million in total. He subsequently sold all the ETH at a price of $2,626 per ETH. This latest transaction resulted in a profit of 554,000 USDT.#Ethereum #ETH #trading #profit #cryptocurrency #blockchain #swingtrader #onchainanalysis
🚀 AI Development Shifts Towards Everyday Devices, Says Theta Labs CEO
#AIDevelopment #EdgeComputing #ThetaLabs #Smartphones #Blockchain #DecentralizedAI #RealTimeApplications #AutonomousDriving #AugmentedReality #PrivacyProtection #EconomicBenefits
According to PANews, Theta Labs CEO Mitch Liu has highlighted a significant shift in AI development, moving from being dominated by tech giants to leveraging everyday devices like smartphones. Liu noted that the idle computing power of over 1.2 billion smartphones globally is becoming a new driving force for AI advancement. This approach, known as 'edge computing,' utilizes mobile devices to reduce latency, enhance privacy protection, and decrease bandwidth consumption. It is particularly beneficial for real-time applications such as autonomous driving and augmented reality.
Liu also emphasized that blockchain technology can support this decentralized AI network by enabling secure and transparent sharing of computing resources. This new model helps reduce AI development's reliance on data centers while providing new revenue streams for individuals and small to medium-sized enterprises. The integration of blockchain and edge computing represents a promising direction for the future of AI, offering both technological and economic benefits.#AIDevelopment #EdgeComputing #ThetaLabs #Smartphones #Blockchain #DecentralizedAI #RealTimeApplications #AutonomousDriving #AugmentedReality #PrivacyProtection #EconomicBenefits
🚀 Guggenheim Treasury Services Issues $20 Million Tokenized Commercial Paper on Ethereum
#Guggenheim #TreasuryServices #TokenizedCommercialPaper #Ethereum #Zeconomy #DigitalAssets #CryptoETFs #Tokenization #FinancialAssets #RWA #CryptoMarket #BitcoinTrust #ETH
According to PANews, Guggenheim Treasury Services, a subsidiary of Wall Street giant Guggenheim Partners, has partnered with blockchain platform Zeconomy to issue $20 million in tokenized commercial paper on the Ethereum blockchain. Zeconomy CEO Giacinto Cosenza highlighted the significant demand for digital assets, especially following the success of crypto ETFs. This issuance represents a notable advancement in the tokenization of traditional financial assets (RWA), a sector that has now reached a market value of $12 billion. Guggenheim has previously engaged in the crypto market, with its Macro Opportunities Fund having exposure to the Grayscale Bitcoin Trust.#Guggenheim #TreasuryServices #TokenizedCommercialPaper #Ethereum #Zeconomy #DigitalAssets #CryptoETFs #Tokenization #FinancialAssets #RWA #CryptoMarket #BitcoinTrust #ETH
🚀 Manta Network Considers Sharing Gas Fee Profits With Users
#MantaNetwork #GasFeeProfits #Layer2 #L2Solutions #UserIncentives #Privacy #Scalability #Blockchain #CryptoCommunity
According to Foresight News, Manta Network's official Twitter account has initiated a poll asking whether Layer 2 (L2) solutions should share gas fee profits with users. The tweet, accompanied by a thinking emoji, suggests that the network may be planning to introduce related features or products in the future.
The poll has sparked interest and speculation within the community, as sharing gas fee profits could provide additional incentives for users and potentially enhance the network's appeal. Manta Network, known for its focus on privacy and scalability, appears to be exploring new ways to engage its user base and improve its ecosystem.
While the details of the potential feature remain unclear, the poll indicates that Manta Network is considering innovative approaches to benefit its users. The outcome of the poll and subsequent announcements will be closely watched by the community and industry observers.#MantaNetwork #GasFeeProfits #Layer2 #L2Solutions #UserIncentives #Privacy #Scalability #Blockchain #CryptoCommunity
🚀 Thena Secures BNB Chain Grant To Boost Dex Arena Development
#Thena #BNBChain #DEX #ARENA #cryptocurrency #blockchain #RealWorldAssets #BTCFi #Launchpad #cryptoevent
According to Odaily, Thena has announced that it has received official grant support from BNB Chain. This grant aims to assist in the development of its native decentralized exchange (DEX), ARENA. Thena, which operates using the ve (3,3) model, offers both spot and perpetual contract trading services. Currently, the platform is hosting an eight-week online event called 'THE Story,' where users can participate to win a share of a $30,000 prize pool.
In addition to the ongoing event, the Thena team is actively working on developing new products such as a Launchpad. They are also focused on integrating Real World Assets (RWA) and BTCFi into their platform. This grant from BNB Chain is expected to significantly support these development efforts and enhance the overall capabilities of the Thena ecosystem.#Thena #BNBChain #DEX #ARENA #cryptocurrency #blockchain #RealWorldAssets #BTCFi #Launchpad #cryptoevent
🚀 Artificial Superintelligence Alliance Opens CUDOS To FET Token Migration
#ArtificialSuperintelligence #CUDOS #FET #tokenmigration #cloudcomputing #blockchain #ASIAlliance #Cudos
According to Odaily, the Artificial Superintelligence Alliance (ASI) announced on Platform X that it has opened the migration of CUDOS to ASI Alliance's FET tokens. Users can complete the migration by linking to the official link and confirming the process.
Previously, ASI initiated a vote to include the cloud computing and blockchain platform Cudos into the alliance. The voting period is open until September 24, allowing the community to decide whether Cudos should join and merge its native token CUDOS with the ASI Alliance.#ArtificialSuperintelligence #CUDOS #FET #tokenmigration #cloudcomputing #blockchain #ASIAlliance #Cudos
🚀 Bitdeer Completes Testing Of SEAL02 Bitcoin Mining Chip
#Bitdeer #SEAL02 #Bitcoin #MiningChip #TSMC #SEALMINERA2 #MassProduction #Cryptocurrency
According to Odaily, Bitdeer has announced the successful completion of testing for its latest SEAL02 Bitcoin mining chip. The SEAL02 chip, developed in collaboration with TSMC, is expected to be integrated into the company's upcoming SEALMINER A2 mining machine. Mass production of the SEALMINER A2 is scheduled to begin in November 2024.#Bitdeer #SEAL02 #Bitcoin #MiningChip #TSMC #SEALMINERA2 #MassProduction #Cryptocurrency
🚀 🔥 HMSTR opening price hit 0.013853 USDT, current price $0.009049 USDT 🔥
#HMSTR #Hamster #cryptocurrency #Binance #trading #priceanalysis #USDT
According to Binance market data, Hamster (HMSTR) opened at 0.013853 USDT and is currently trading at $0.009049 USDT. This represents a slight decrease in price since its opening.$0.009049 #HMSTR #Hamster #cryptocurrency #Binance #trading #priceanalysis #USDT
🚀 Velo Labs Selects Tokenized US Treasury Bills As USDV Reserve Collateral
#VeloLabs #USDV #TokenizedTreasuryBills #OpenEden #Stablecoin #Collateral #Crypto #Blockchain
According to Odaily, Velo Labs has announced the selection of OpenEden's tokenized US Treasury Bills (TBILL) as the reserve collateral for its stablecoin USDV. USDV is an over-collateralized stablecoin backed by a basket of assets, including Velo's native token (VELO) and USDT. This move to incorporate OpenEden's tokenized US Treasury Bills aims to strengthen the collateral supporting the USDV stablecoin.#VeloLabs #USDV #TokenizedTreasuryBills #OpenEden #Stablecoin #Collateral #Crypto #Blockchain
🚀 Aevo Announces HMSTR Pre-Release Transition To Perpetual Futures
#Aevo #HMSTR #PerpetualFutures #CryptoNews #XPlatform
According to Odaily, Aevo has announced on the X platform that the HMSTR pre-release has been confirmed and will soon transition to perpetual futures. This change is expected to take place today at 20:40 UTC+8.#Aevo #HMSTR #PerpetualFutures #CryptoNews #XPlatform
🚀 Osmosis Now Supports Euro Stablecoin EURe For Gas Fees
#Osmosis #EURe #Cosmos #stablecoin #gasfees #Monerium #Noble #blockchain
According to BlockBeats, on September 26, Cosmos ecosystem decentralized exchange (DEX) Osmosis announced via X that it now supports the euro-backed stablecoin EURe for gas fees on the Cosmos network.
Previously, on September 18, BlockBeats reported that fintech company Monerium launched EURe on the Noble blockchain, marking it as the first euro-backed stablecoin introduced within the Cosmos ecosystem. Noble is a network specifically designed for issuing and transferring stablecoins and other real-world assets on sovereign blockchains.#Osmosis #EURe #Cosmos #stablecoin #gasfees #Monerium #Noble #blockchain
🚀 US Initial Jobless Claims Hit Lowest Since May
#US #JoblessClaims #Employment #Economy #Unemployment
According to BlockBeats, the number of initial jobless claims in the United States for the week ending September 21 was recorded at 218,000. This figure is lower than the expected 225,000 and marks a decrease from the previous week's revised count of 222,000. This is the lowest level of initial jobless claims since the week of May 18.#US #JoblessClaims #Employment #Economy #Unemployment
🚀 Whale Investor Acquires $2 Million USDC to Purchase WIF Tokens
#WhaleInvestor #WIFtokens #USDC #Kamino #crypto #BlockBeats #investment #DeFi
According to BlockBeats, on September 26, Lookonchain monitoring revealed that the largest holder of WIF tokens borrowed $2 million USDC from Kamino. This transaction occurred an hour ago, with the investor purchasing 894,854 WIF tokens at a price of $2.24 each.
The whale currently holds 32.1 million WIF tokens, valued at approximately $71 million. The total realized profit from these holdings exceeds $86 million.#WhaleInvestor #WIFtokens #USDC #Kamino #crypto #BlockBeats #investment #DeFi
🚀 Entangle Announces Major Adjustments To NGL Token Unlock Plan
#Entangle #NGLToken #TokenUnlock #Web3 #CrossChain #Interoperability #Tokenomics #Blockchain #CryptoNews #KOLs
According to Odaily, cross-chain interoperability project Entangle has announced significant changes to its NGL token unlock plan. The adjustments aim to ensure the project's long-term development and address scalability challenges in Web3. The new framework will be revealed in the coming weeks.
Under the revised plan, private investors have the option to unlock all remaining tokens early on October 1, but they must accept a 37.5% discount. Similarly, Key Opinion Leaders (KOLs) can choose to unlock their tokens in full, with a 47.5% discount. The team’s token allocation remains unchanged, but 30% of the tokens have been burned. Additionally, the unlock period has been extended from the original six months to twelve months, with the total vesting period now extended to 30 months. The deducted tokens will be stored in a smart contract for marketing, grants, and project expenses.#Entangle #NGLToken #TokenUnlock #Web3 #CrossChain #Interoperability #Tokenomics #Blockchain #CryptoNews #KOLs
🚀 US Second Quarter Economic Indicators Released
#USEconomy #EconomicIndicators #PCE #GDP #ConsumerSpending #Inflation #EconomicGrowth #FinalSales
According to Odaily, the United States' economic indicators for the second quarter have been released. The core Personal Consumption Expenditures (PCE) price index annualized quarterly rate stood at 2.8%, matching both the forecast and the previous value of 2.8%. This measure is closely watched as it reflects the underlying inflation trends excluding food and energy prices.
The actual Gross Domestic Product (GDP) annualized quarterly rate for the second quarter was confirmed at 3%, aligning with expectations and the previous figure of 3%. This indicates steady economic growth during the period.
However, the actual personal consumption expenditures annualized quarterly rate for the second quarter was slightly lower than anticipated, coming in at 2.8% compared to the expected 2.9% and the previous value of 2.9%. This suggests a minor slowdown in consumer spending.
Additionally, the final sales annualized quarterly rate for the second quarter was recorded at 1.9%, down from the previous value of 2.2%. This metric excludes changes in inventories and provides a clearer picture of demand in the economy.#USEconomy #EconomicIndicators #PCE #GDP #ConsumerSpending #Inflation #EconomicGrowth #FinalSales
🚀 ReHold CEO Allegedly Withdraws $700,000 Without Approval
#ReHold #CEO #Withdrawal #SmartContract #Approval #MichaelSemin #RenatGafarov #News
According to Odaily, ReHold's Chief Technology Officer Michael Semin disclosed on the X platform that on July 15, 2024, ReHold's CEO and co-founder Renat Gafarov withdrew over $700,000 from the company's smart contract without approval. The company has since moved to a new domain.#ReHold #CEO #Withdrawal #SmartContract #Approval #MichaelSemin #RenatGafarov #News
🚀 Eigenpie Announces Full Distribution Of EIGEN Tokens
#Eigenpie #EIGEN #EigenLayer #cryptocurrency #token_distribution #staking #vlEGP #ecosystem
According to Odaily, Eigenpie has announced that it will distribute EIGEN tokens in recognition of its contributions to the EigenLayer protocol. The platform will allocate 100% of the EIGEN tokens obtained from the staking category to restakers on the platform. The distribution will be based solely on the EIGEN points earned by users and will not be affected by early withdrawals.
Additionally, Eigenpie will distribute 100,000 EIGEN tokens received from the ecosystem partner category to vlEGP holders. This distribution aims to acknowledge their critical role in the long-term development of the protocol.#Eigenpie #EIGEN #EigenLayer #cryptocurrency #token_distribution #staking #vlEGP #ecosystem