🚀 Humanity Protocol Launches Testnet for Blockchain Identity Verification
#HumanityProtocol #Testnet #Blockchain #IdentityVerification #HumanID #PalmPrints
According to BlockBeats, on October 1, the blockchain identity verification platform Humanity Protocol announced on social media that it has launched its testnet. Users can now register for a Human ID. In a few weeks, they will also be able to register their palm prints through the application.#HumanityProtocol #Testnet #Blockchain #IdentityVerification #HumanID #PalmPrints
🚀 Polymarket Achieves Record Trading Volume And User Growth In September
#Polymarket #TradingVolume #UserGrowth #PredictionMarket #BlockBeats #Dune #ActiveUsers #NewUsers #September2023 #RecordHigh
According to BlockBeats, data from Dune indicates that the prediction market Polymarket reached a record trading volume of $533 million in September, marking a 12.9% increase from the previous month.
Additionally, Polymarket saw a significant rise in active monthly trading users, reaching 90,037 in September, which is a 41.5% increase compared to the previous month. The platform also experienced a substantial growth in new users, with 89,958 new users joining in September, representing a 25.5% increase month-over-month.#Polymarket #TradingVolume #UserGrowth #PredictionMarket #BlockBeats #Dune #ActiveUsers #NewUsers #September2023 #RecordHigh
🚀 Ishiba Shigeru Elected As Japan's New Prime Minister
#IshibaShigeru #Japan #PrimeMinister #LiberalDemocraticParty #NationalDiet #Election
According to Odaily, on October 1, local time, Ishiba Shigeru, the new president of Japan's Liberal Democratic Party, was officially elected as the Prime Minister of Japan. In the Prime Minister's designation election held in both the House of Representatives and the House of Councillors during the extraordinary session of the National Diet, Ishiba received more than half of the votes in both houses, securing his position as the new leader of the country.#IshibaShigeru #Japan #PrimeMinister #LiberalDemocraticParty #NationalDiet #Election
🚀 Japan's New Prime Minister Supports Blockchain And NFT Policies
#Japan #PrimeMinister #Blockchain #NFT #DigitalAffairs #Web3 #RegionalEconomies #LocalProducts #IntellectualProperty
According to Odaily, Japan's newly appointed Prime Minister Shigeru Ishiba has unveiled policies in support of blockchain and NFTs. He also plans to appoint Masaaki Taira, the current head of the Liberal Democratic Party's Web3 task force, as the new Minister of Digital Affairs. Ishiba's office released an official policy document, and a report from CoinPost highlighted the potential of blockchain and NFTs to boost regional economies. Ishiba stated, 'By using blockchain technology and NFTs, we aim to maximize the value of various local products, such as food and tourism experiences. We will achieve this by restoring their value to global prices.' Meanwhile, Taira has previously discussed plans to leverage NFTs to enhance the visibility of Japan's intellectual property assets.#Japan #PrimeMinister #Blockchain #NFT #DigitalAffairs #Web3 #RegionalEconomies #LocalProducts #IntellectualProperty
🚀 DWF Labs Aims For $50 Billion AUM In Two Years
#DWF #AUM #AndreiGrachev #cryptocurrency #altcoins #marketshare #investment
According to Odaily, Andrei Grachev, co-founder of DWF Labs, announced on X that the firm's assets under management (AUM) have increased tenfold over the past ten days. Grachev stated that their goal is to reach $50 billion in AUM within the next two years, aiming to capture 30% of the market share for all liquid altcoins.#DWF #AUM #AndreiGrachev #cryptocurrency #altcoins #marketshare #investment
🚀 World ID Now Available On Farcaster
#WorldID #Farcaster #Worldcoin #Humaniser #AntiSybil #IdentityVerification #BotFreeEnvironment #WLD
According to Odaily, Worldcoin Grants announced on X that World ID is now available on Farcaster. The Farcaster Humaniser, a recipient of the Worldcoin Foundation's Wave1 grant, has utilized this funding to enable the use of World ID on the Farcaster platform. This integration aims to verify human identity, create a bot-free environment, and enhance anti-sybil capabilities.
The Farcaster Humaniser maps World ID to user accounts, ensuring a one-to-one correspondence between real individuals and their profiles. This measure helps prevent multi-account abuse and maintains the platform's authenticity. Applications can integrate Farcaster Humaniser as an authentication layer, allowing access only to profiles verified by World ID.#WorldID #Farcaster #Worldcoin #Humaniser #AntiSybil #IdentityVerification #BotFreeEnvironment #WLD
🚀 BTC And ETH Options Open Interest Values Revealed
#BTC #ETH #Options #OpenInterest #Coinglass #ForesightNews
According to Foresight News, data from Coinglass indicates that the nominal value of open interest for BTC options across the network today stands at $19.304 billion. Meanwhile, the nominal value of open interest for ETH options is reported to be $5.071 billion.#BTC #ETH #Options #OpenInterest #Coinglass #ForesightNews
🚀 Arbitrum One Surpasses 1 Billion Transactions Since Launch
#ArbitrumOne #Ethereum #Layer2 #Rollup #Blockchain #Transactions #Base #OPMainnet #ARB
According to BlockBeats, as of October 1, data from Blockscan reveals that the Ethereum Layer 2 Rollup network, Arbitrum One, has exceeded 1 billion transactions since its mainnet launch in August 2021.
In addition, Base has recorded 755 million transactions, while OP Mainnet has reached 347 million transactions.#ArbitrumOne #Ethereum #Layer2 #Rollup #Blockchain #Transactions #Base #OPMainnet #ARB
🚀 Japan's Central Bank Considers Rate Hike Amid US Economic Concerns
#Japan #CentralBank #RateHike #USEconomy #MizuhoSecurities #BankOfJapan #FederalReserve #InterestRates
According to Odaily, Mizuho Securities economist Yusuke Matsuo stated that the summary of opinions from the Bank of Japan's September meeting indicates that the US economy could be a crucial factor as the Bank of Japan contemplates further interest rate hikes. The summary highlights concerns about the pace of the Federal Reserve's rate cuts and their impact on Japan. A member of the Bank of Japan's Policy Board mentioned that it would take some time to assess the market impact of changes in US policy. Matsuo anticipates that the Bank of Japan will raise rates to 0.5% in December or later and then pause at that level for a period.#Japan #CentralBank #RateHike #USEconomy #MizuhoSecurities #BankOfJapan #FederalReserve #InterestRates
🚀 Ripple Secures Financial Services License Approval In Dubai
#Ripple #DFSA #Dubai #UAE #financialservices #crossborderpayments #digitalassets #paymentservices #DIFC #XRP
According to Odaily, Ripple has announced that it has received in-principle approval for a financial services license from the Dubai Financial Services Authority (DFSA). This approval will enable Ripple to offer end-to-end managed payment services in the United Arab Emirates (UAE). Ripple plans to expand its services from the Dubai International Financial Centre (DIFC) and introduce seamless cross-border payment services, including Ripple Payments Direct (RPD), in the UAE.
With the authorization from the DFSA, Ripple aims to provide its enterprise-grade digital asset infrastructure to a broader customer base in the UAE. This expansion aligns with Ripple's mission to offer faster, more cost-effective, and efficient cross-border payment solutions by combining regulatory compliance with continuous investment in key infrastructure components such as liquidity, custody, and fiat-to-digital asset channels.#Ripple #DFSA #Dubai #UAE #financialservices #crossborderpayments #digitalassets #paymentservices #DIFC #XRP
🚀 Merlin Chain Announces Bridge to Ethereum Mainnet
#MerlinChain #Ethereum #Blockchain #Crypto #Liquidity #Tokens
According to Odaily, Merlin Chain has announced that users can now bridge MERL and MBTC tokens directly to the Ethereum mainnet. Additionally, the Merlin Foundation will offer extra incentives to encourage liquidity.#MerlinChain #Ethereum #Blockchain #Crypto #Liquidity #Tokens
🚀 MethLab Supports Puff Token As Collateral For Loans
#MethLab #PuffToken #Mantle #collateral #loans #liquiditypool #TVL
According to Odaily, Mantle's leading lending protocol, MethLab, has now included the prominent Mantle ecosystem meme token, Puff, as collateral for loans. The total value locked (TVL) in the liquidity pool has already surpassed $2 million.#MethLab #PuffToken #Mantle #collateral #loans #liquiditypool #TVL
🚀 MethLab Now Supports Puff Token As Collateral For Loans
#MethLab #PuffToken #Mantle #Collaterals #Loans #LiquidityPool #TVL
According to BlockBeats, on October 1, Mantle's leading lending protocol, MethLab, has begun supporting the Mantle ecosystem's prominent meme token, Puff, as collateral for loans. The total value locked (TVL) in the liquidity pool has already surpassed $2 million.#MethLab #PuffToken #Mantle #Collaterals #Loans #LiquidityPool #TVL
🚀 SUI Market Cap Surpasses LTC, Enters Top 20
#SUI #LTC #MarketCap #Cryptocurrency #Top20
According to Foresight News, data from CoinMarketCap reveals that the current market capitalization of SUI stands at $5.14 billion. This figure surpasses the market capitalization of LTC, which is $5.11 billion, allowing SUI to enter the top 20 cryptocurrencies by market cap.#SUI #LTC #MarketCap #Cryptocurrency #Top20
🚀 Whales Purchase Over 700,000 EIGEN Tokens Worth $2.86 Million
#Whales #EIGEN #Cryptocurrency #Investors #Tokens #ETH #USDC #Market #Investment
According to Odaily, two significant cryptocurrency investors, often referred to as 'whales,' have acquired a substantial amount of EIGEN tokens within the past four hours. The total purchase amounted to 702,324 EIGEN tokens, valued at approximately $2.86 million.
The first transaction was conducted by an address starting with 0x2dcd, which spent 588 ETH, equivalent to $1.55 million, to buy 383,672 EIGEN tokens at an average price of $4.05 per token. The second transaction involved an address beginning with 0xb112, which utilized 1.31 million USDC to purchase 318,651 EIGEN tokens at an average price of $4.1 per token.#Whales #EIGEN #Cryptocurrency #Investors #Tokens #ETH #USDC #Market #Investment
🚀 Solana Ecosystem Meme Coin POPCAT Surpasses 1 USDT
#Solana #POPCAT #MemeCoin #Cryptocurrency #MarketCap #USDT #Trading
According to Odaily, market data indicates that the Solana ecosystem meme coin POPCAT has surpassed the 1 USDT mark. Currently, it is trading at 1.03 USDT, reflecting a 24-hour increase of 10.5%. The market capitalization of POPCAT is reported to be 1,010,792,056 USD.#Solana #POPCAT #MemeCoin #Cryptocurrency #MarketCap #USDT #Trading
🚀 Circle Expands USDC Stablecoin To Australia And Asia Pacific
#USDC #Circle #Stablecoin #Australia #AsiaPacific #DigitalAssets #Partnership #MHCdigital #Fintech #Crypto #InternationalPayments #MarketExpansion
According to CoinDesk, Circle has announced plans to expand its USDC stablecoin into Australia and the broader Asia Pacific region through a partnership with venture capitalist Mark Carnegie's MHC Digital Group. The collaboration aims to increase the distribution of USDC and explore institutional use cases in the region, leveraging Carnegie's company's presence in Australia and Singapore.
Chief Business Officer for Circle, Kash Razzaghi, highlighted the region's readiness for digital asset adoption, citing its young, mobile-first population. He expressed excitement about working with MHC Digital to advance digital finance in Australia and beyond. This move is part of Circle's broader expansion strategy, which includes relocating its headquarters to New York City's One World Trade Center and planning an initial public offering valued at around $5 billion.
Recently, Circle made USDC available to investors in Mexico and Brazil through the banking system, not just crypto exchanges. It also became the first global stablecoin issuer licensed to offer dollar- and euro-pegged crypto tokens in the European Union. USDC, the second-largest stablecoin behind Tether's USDT, has a market cap of $35 billion and a 24-hour trading volume of $7.87 billion, according to CoinDesk price data.
Carnegie's MHC Digital Group will facilitate USDC access to wholesale clients across Australia, potentially helping superannuation funds avoid high bank fees. The partnership may also explore the creation of an Australian dollar stablecoin in the future. Mark Carnegie, Founder and Executive Chairman of MHC Digital Group, emphasized the efficiency of crypto for international payments and expressed confidence in Circle as a leading player in the regulated stablecoin space.#USDC #Circle #Stablecoin #Australia #AsiaPacific #DigitalAssets #Partnership #MHCdigital #Fintech #Crypto #InternationalPayments #MarketExpansion
🚀 Metaplanet Acquires Additional Bitcoin, Boosts Stock Price
#Metaplanet #Bitcoin #StockPrice #Tokyo #Investment #Hedge #Volatility #Yen #Debt #Acquisition #PubliclyTraded #Asia #Cryptocurrency #MarketCapitalization #Shareholders #BTC
According to CoinDesk, Japanese firm Metaplanet has acquired an additional 107 BTC at an average price of $64,168 per bitcoin, totaling $6.9 million. This purchase was funded by a loan from MMXX Ventures. The company now holds over 500 BTC, using it as a strategic reserve to hedge against yen volatility and Japan's debt. This strategy has led to a significant 420% increase in its stock price since it began its bitcoin investments in April.
Metaplanet announced on Tuesday that it had purchased the additional bitcoin, worth $6.9 million at current prices. The Tokyo-based company arranged a $6.8 million loan in early August to add to its existing BTC holdings. The loan was provided by shareholder British Virgin Islands-based MMXX Ventures, with the entire amount allocated for purchasing bitcoin.
In May, Metaplanet adopted bitcoin as a strategic reserve asset to hedge against Japan's debt burden and the resulting volatility in the yen. The firm started buying bitcoin in April with initial transactions of 117.7 BTC, valued at $7.19 million at the time. Now, Metaplanet holds over 500 BTC, making it the largest holder among publicly-traded Asian firms after Hong Kong-based Meitu, according to Bitcoin Treasuries data. The holdings were accumulated at an average price of 9,373,557 yen per Bitcoin, or $64,931.
The move has significantly boosted the company’s stock prices, bringing a market capitalization to holdings ratio to a joint highest of 20% on Tuesday. Share prices have increased by over 420% since the firm’s April purchases, while bitcoin itself is down 3%. The increase of bitcoin per share monthly continues to be accretive for shareholders.#Metaplanet #Bitcoin #StockPrice #Tokyo #Investment #Hedge #Volatility #Yen #Debt #Acquisition #PubliclyTraded #Asia #Cryptocurrency #MarketCapitalization #Shareholders #BTC
🚀 Digital Assets Outperform Equities In 2023
#DigitalAssets #Bitcoin #BTC #Ethereum #ETH #StockMarket #Equities #Cryptocurrency #Halving #InterestRates #InflationHedge #RiskAssets #ETFs #Stablecoins #Growth #Innovation
According to CoinDesk, the digital assets sector has continued to outperform the stock market this year, with bitcoin (BTC) leading the charge, as noted by broker Canaccord in a quarterly report on Monday. The report highlighted that bitcoin, the world's largest cryptocurrency, finished the last quarter up around 140% year-on-year, significantly outperforming ether (ETH), which gained about 60%, and the S&P 500 stock index, which rose almost 30% over the same period.
Canaccord suggested that if bitcoin follows its historical patterns, it tends to rally 6-12 months following its halving event and reach new highs 2-6 months later. This implies that a potential rally could start between now and April. The report also noted that the Federal Reserve's 50 basis points interest rate cut triggered a move higher for both equities and digital assets.
The report stated, "We think the most healthy reaction for crypto's long-term future in a scenario like this would be a decline in BTC," given the lesser need for an inflation hedge. It also mentioned a rise in ether and other digital assets alongside risk equities, as "investors become more willing to underwrite longer-term growth and innovation." Despite this, bitcoin is still performing like other risk assets and is reacting positively to the "lower-rate environment," according to analysts led by Michael Graham.
The report also mentioned that BTC's correlation to risk assets is currently 0.4, down from all-time highs of 0.6 in June 2022. While the timing of any future rate cuts remains unclear, beneficial supply and demand dynamics following the bitcoin halving in April could add to the positive tailwinds from exchange-traded funds (ETFs). Additionally, the stablecoin supply grew by 7% in the third quarter, the report noted.#DigitalAssets #Bitcoin #BTC #Ethereum #ETH #StockMarket #Equities #Cryptocurrency #Halving #InterestRates #InflationHedge #RiskAssets #ETFs #Stablecoins #Growth #Innovation
🚀 🔥 CryptoQuant Analyst Highlights Potential Bitcoin Rally Amid Fed Rate Cuts, Drawing Parallels with Gold's Historical Surge 🔥
#Bitcoin #FedRateCuts #Gold #CryptoQuant #DigitalGold #Investing #MonetaryPolicy #InflationHedge #EconomicInstability #FinancialUncertainty #BTC
CryptoQuant analyst has pointed out on Twitter that the Federal Reserve's recent rate cuts are causing capital to flock to traditional safe havens like gold. Drawing a comparison with 2008, when gold prices soared from $590 to a peak of $1,900 per ounce by 2011 following Fed rate cuts, a similar trend is currently observed as gold rises from $2,000 to nearly $2,700 in 2024.The post speculates if Bitcoin, often considered "digital gold," might follow a similar trajectory, suggesting that the ongoing monetary policy easing could lead to a bullish phase for Bitcoin similar to gold's historical surge. With Bitcoin often seen as a hedge against inflation and economic instability, investors may look to the leading cryptocurrency for its perceived store-of-value properties, especially as global financial uncertainty continues.#Bitcoin #FedRateCuts #Gold #CryptoQuant #DigitalGold #Investing #MonetaryPolicy #InflationHedge #EconomicInstability #FinancialUncertainty #BTC