🚀 Gomining Establishes GoBTC Foundation To Enhance Bitcoin Ecosystem
#Gomining #GoBTCFoundation #Bitcoin #Layer1 #Layer2 #BitcoinEcosystem #Mining #TransactionFees #OnChainActivities #IDO #Accelerator #Mentorship
According to Odaily, Bitcoin mining service provider Gomining has announced the establishment of the GoBTC Foundation, a vertically integrated entity focused on Bitcoin Layer 1 (L1) and Layer 2 (L2) projects. The foundation aims to promote on-chain activities, increase transaction fees, and benefit Bitcoin miners.
The GoBTC Foundation collaborates with various partners, including mining companies, investors, foundations, and Bitcoin advocates, to strengthen the overall Bitcoin ecosystem. To support new projects, the foundation offers two main programs: an IDO Launchpad and an accelerator, which includes a 12-week mentorship program.#Gomining #GoBTCFoundation #Bitcoin #Layer1 #Layer2 #BitcoinEcosystem #Mining #TransactionFees #OnChainActivities #IDO #Accelerator #Mentorship
🚀 Russian Central Bank Clarifies Digital Ruble's Impact On Monetary Policy
#CentralBank #DigitalRuble #CBDC #Russia #MonetaryPolicy #Inflation #MoneyMarket #Liquidity
According to Odaily, the Central Bank of Russia has recently clarified that the introduction of the Central Bank Digital Currency (CBDC), known as the digital ruble, will not alter the way the country manages its monetary policy. In a draft outlining the bank's policy direction for 2025-2027, it was stated that even after the digital ruble is launched, the central bank will continue to use the same tools to target inflation. The emergence of the digital form of the national currency will not affect the mechanism for implementing monetary policy. The Central Bank of Russia will continue to manage money market rates by providing liquidity to banks and absorbing liquidity from them.#CentralBank #DigitalRuble #CBDC #Russia #MonetaryPolicy #Inflation #MoneyMarket #Liquidity
🚀 Arbitrum Security Council Election Process Advances
#Arbitrum #SecurityCouncil #Election #ComplianceChecks #Blockchain #Cryptocurrency #ARB
According to Odaily, Arbitrum announced on X that the nominee selection phase of the Security Council election process has concluded. A total of 13 candidates have received enough votes to proceed to the next stage of the election. The Arbitrum Foundation will conduct compliance checks on these 13 qualified candidates by October 13 to ensure they adhere to legal requirements, service agreements, and additional rules outlined in the constitution.
Once the compliance checks are completed, the member election phase of the Security Council election process will commence on October 13.#Arbitrum #SecurityCouncil #Election #ComplianceChecks #Blockchain #Cryptocurrency #ARB
🚀 Puffer Finance's UniFi AVS Launches On EigenLayer With Significant ETH Staking
#PufferFinance #UniFiAVS #EigenLayer #ETH #staking #rollups #Ethereum #Layer1 #decentralization
According to Odaily, Puffer Finance announced on platform X that UniFi AVS has been successfully launched on EigenLayer. Over 300,000 ETH have been restaked through EL operators. Previously, Puffer Finance introduced UniFi AVS, a product aimed at unlocking the full potential of based rollups to address Ethereum's fragmentation issues. Additionally, it allows Ethereum to surpass other Layer 1 solutions in speed without compromising decentralization.#PufferFinance #UniFiAVS #EigenLayer #ETH #staking #rollups #Ethereum #Layer1 #decentralization
🚀 BitGo To Provide Custody Services For Cardano Stablecoin USDA
#BitGo #Cardano #USDA #stablecoin #custody #blockchain #Anzens #EMURGO #financialinfrastructure #compliance #ADA
According to Odaily, digital asset custody company BitGo will offer custody services for the Cardano blockchain's stablecoin USDA. This collaboration involves BitGo Trust, USDA issuer Anzens, and EMURGO, the technology provider behind the Anzens platform. The partnership aims to create a secure stablecoin solution for the Cardano blockchain, enhancing USDA's security and functionality by integrating it into advanced financial infrastructure. Additionally, this collaboration will streamline and ensure compliance for minting, burning, and custody services.#BitGo #Cardano #USDA #stablecoin #custody #blockchain #Anzens #EMURGO #financialinfrastructure #compliance #ADA
🚀 Trustpair Integrates JPMorgan's Blockchain Solution Confirm To Verify Bank Account Information
#Trustpair #JPMorgan #Blockchain #Confirm #FraudPrevention #BankAccountVerification #Liink #Onyx #PaymentSecurity #DataDriven #VendorManagement
According to Odaily, anti-fraud platform Trustpair has announced the integration of JPMorgan's blockchain-based solution, Confirm, to verify bank account information. Confirm is a closed global account verification information network built on Liink, a permissioned and private blockchain developed by JPMorgan's Onyx division. Gloria Wan, Executive Director at JPMorgan Onyx, stated that Confirm was created to provide collective intelligence to improve company decision-making. She added, 'Companies operate in a data-driven world, but many still rely on inaccurate vendor and payment data for high-value transactions, significantly increasing the risk of fraud, payment errors, and delays.'
With this integration, Trustpair's more than 200 clients—including companies like Société Générale, Decathlon, and Danone—can now verify vendor bank accounts in 15 global markets, thereby reducing the risks of payment fraud and delays.#Trustpair #JPMorgan #Blockchain #Confirm #FraudPrevention #BankAccountVerification #Liink #Onyx #PaymentSecurity #DataDriven #VendorManagement
🚀 Bitcoin's Continued Outperformance in 2024 Highlights Investment Benefits
#Bitcoin #Investment #SharpeRatio #PortfolioDiversification #Volatility #Matrixport #FinancialMetrics #Returns #2024Performance #Cryptocurrency
According to BlockBeats, on October 2, Matrixport released its daily chart report, highlighting the ongoing academic discussions on how Bitcoin enhances investors' Sharpe ratios, improves portfolio diversification, and reduces overall volatility for institutional investors. Various studies have confirmed the benefits of including Bitcoin in investment portfolios. However, a more straightforward approach is to emphasize Bitcoin's consistent outperformance compared to other assets. In 2024, this trend continues, with Bitcoin delivering a year-to-date return exceeding 53%, providing substantial returns for investors.
The Sharpe ratio is a crucial financial metric used to measure risk-adjusted returns of an investment. Introduced by Nobel laureate William Sharpe, it aims to help investors evaluate portfolio performance. A high Sharpe ratio indicates that the portfolio has achieved higher excess returns for the risk taken, generally considered a sign of good performance. Conversely, a low Sharpe ratio may suggest that the portfolio's returns have not adequately compensated for the risks undertaken.#Bitcoin #Investment #SharpeRatio #PortfolioDiversification #Volatility #Matrixport #FinancialMetrics #Returns #2024Performance #Cryptocurrency
🚀 Popular Tokens Show Mixed Performance Over 24 Hours
#Tokens #CryptoMarket #Eigenlayer #MooDeng #Degen #Wormhole #Performance #MarketData #EIGEN
According to PANews, recent market data indicates a varied performance among popular tokens over the past 24 hours. Eigenlayer (EIGEN) experienced a decline of 11.6%, while Moo Deng (MOODENG) saw a significant increase of 28.2%. Additionally, Degen (Base) DEGEN surged by 80.6%, and Wormhole (W) rose by 19.6%.#Tokens #CryptoMarket #Eigenlayer #MooDeng #Degen #Wormhole #Performance #MarketData #EIGEN
🚀 CME Group Launches Bitcoin Friday Futures With Record Trading Volume
#CMEGroup #BitcoinFridayFutures #cryptofutures #tradingvolume #liquidity #Bitcoin #regulatedexchange #cryptocurrency #tradingstrategies #BFF
According to Odaily, CME Group's Bitcoin Friday Futures (BFF) recently made their debut, trading over 31,498 contracts within the first week. The initial trading volume set a new record for crypto futures products. The launch has been described as the 'most successful cryptocurrency futures release ever,' with financial firms Galaxy and Marex executing the first trade block. Michael Harvey, Head of Proprietary Trading at Galaxy, stated that these weekly contracts closely track spot prices, providing traders of various types and sizes with valuable tools to increase liquidity and optimize trading strategies.
Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group, highlighted that the smaller contract size and weekly Friday expirations offer investors an easier way to enter the Bitcoin market and manage Bitcoin risk exposure more effectively, all within a regulated exchange. Previously, on August 27, CME announced plans to launch Bitcoin Friday Futures (BFF) on September 30, 2024, providing a precise and flexible Bitcoin trading method. Each BFF contract represents 1/50th of a Bitcoin, ensuring capital efficiency and accessibility.
These shorter-term Bitcoin futures contracts expire every Friday at 4 PM (Eastern Time) and settle based on the CME CF Bitcoin Reference Rate New York Variant, potentially aligning more closely with Bitcoin spot prices.#CMEGroup #BitcoinFridayFutures #cryptofutures #tradingvolume #liquidity #Bitcoin #regulatedexchange #cryptocurrency #tradingstrategies #BFF
🚀 Dogecoin Experiences 18% Decline Amid Active Whale Activity
#Dogecoin #DOGE #cryptocurrency #whaleactivity #onchainanalytics #marketdecline #crypto
According to Odaily, Dogecoin (DOGE) has experienced an 18% decline from its peak last Saturday. Despite this drop, on-chain activity suggests that whales may still be optimistic about the cryptocurrency. Although these large holders took profits before Dogecoin reached its highest point, activity on the Dogecoin network remains notably high.#Dogecoin #DOGE #cryptocurrency #whaleactivity #onchainanalytics #marketdecline #crypto
🚀 ExSat Completes Synchronization Of Historical UTXO Data On Mainnet
#exSat #Bitcoin #UTXO #mainnet #dataSynchronization #PoW #PoS #decentralization #LightningNetwork #assetCustody #onChain #communityIncentive
According to Foresight News, Bitcoin infrastructure project exSat has announced the completion of synchronizing 840,000 historical UTXO data entries on its mainnet after over 90 hours of data synchronization. The project has also commissioned a third-party audit to ensure the reliability of the data. Moving forward, exSat will continue to synchronize on-chain UTXO data in real-time under the PoW+PoS dual consensus mechanism, storing the data in RAM to provide an interactive decentralized on-chain indexing service for the Bitcoin ecosystem.
exSat stated that by comprehensively analyzing BTC block data and indexing UTXO data on-chain, it can empower various innovative applications. These include trustless BTC Lightning Network protocols, more secure decentralized BTC asset custody protocols, and on-chain BTC asset issuance and interoperability protocols. exSat will soon launch a community incentive event named Pioneer before the mainnet goes live.#exSat #Bitcoin #UTXO #mainnet #dataSynchronization #PoW #PoS #decentralization #LightningNetwork #assetCustody #onChain #communityIncentive
🚀 Digital Asset Completes Pilot Program For Tokenizing Bonds And Gold
#DigitalAsset #Tokenization #Bonds #Gold #CantonNetwork #Euroclear #WorldGoldCouncil #CliffordChance #RealWorldAssets #FinancialTransactions #SecuritiesSettlement #Transparency #Settlement #TokenizedAssets #MarketValue
According to Odaily, Digital Asset, a company specializing in the tokenization of real-world assets (RWA), announced on Tuesday the successful completion of a pilot program using the Canton Network protocol to tokenize UK bonds (gilts), European bonds, and gold for financial transactions. The initiative saw participation from major securities settlement provider Euroclear, the World Gold Council, global law firm Clifford Chance, along with other banks, investors, custodians, and a central securities depository.
During the pilot project, which took place from June to July, digital representations of UK government bonds, European bonds, and gold were created to be used as collateral. This approach aimed to enhance transparency, speed up transfer times, and enable near-instantaneous, around-the-clock settlement between parties, eliminating delays associated with traditional financial systems.
A report by Boston Consulting Group and 21Shares forecasts that, in an optimistic scenario, the market value of tokenized assets could exceed $10 trillion by the end of this decade. Meanwhile, McKinsey's base case scenario predicts the market will reach $2 trillion by that time.#DigitalAsset #Tokenization #Bonds #Gold #CantonNetwork #Euroclear #WorldGoldCouncil #CliffordChance #RealWorldAssets #FinancialTransactions #SecuritiesSettlement #Transparency #Settlement #TokenizedAssets #MarketValue
🚀 Oil Stocks Surge Amid Middle East Tensions
#OilStocks #MiddleEastTensions #ExxonMobil #Chevron #ConocoPhillips #OccidentalPetroleum #Schlumberger #StockMarket #Investing
According to BlockBeats, on October 2, oil stocks in the U.S. market saw significant gains in pre-market trading due to escalating tensions in the Middle East. Major oil companies experienced notable increases, with ExxonMobil (XOM.N) and Chevron (CVX.N) both rising over 1%. ConocoPhillips (COP.N) saw a 1.4% increase, while Occidental Petroleum (OXY.N) and Schlumberger (SLB.N) each gained nearly 2%.#OilStocks #MiddleEastTensions #ExxonMobil #Chevron #ConocoPhillips #OccidentalPetroleum #Schlumberger #StockMarket #Investing
🚀 Swell Announces Weekly Incentives For RswETH Holders
#Swell #rswETH #EigenLayer #incentives #crypto #BlockBeats
According to BlockBeats, on October 2, Swell announced via a post on X that EigenLayer programmatic incentives will be distributed weekly to rswETH holders as bonus income. Users are not required to take any action. By utilizing their Aera vault to convert EIGEN into ETH and automatically compounding it into rswETH rewards, the process can be optimized to minimize slippage.#Swell #rswETH #EigenLayer #incentives #crypto #BlockBeats
🚀 Solana DEX Weekly Trading Volume Surpasses Ethereum
#Solana #DEX #Ethereum #DeFi #cryptocurrency #tradingvolume #blockchain #finance #solanadex #ethereumdex #SOL
According to BlockBeats, Solana decentralized exchanges (DEX) have seen a significant increase in trading volume. For the first time in 43 days, the weekly trading volume on Solana DEX has surpassed that of Ethereum. Over the past seven days, Solana DEX recorded a trading volume of $91.12 billion, while Ethereum DEX registered $90.94 billion.
This development marks a notable shift in the decentralized finance (DeFi) landscape, highlighting Solana's growing influence and adoption in the market. The increase in trading volume on Solana DEX can be attributed to its high-speed transactions and lower fees compared to Ethereum, which has faced congestion and higher gas fees.
The competition between Solana and Ethereum in the DeFi space is intensifying, with both platforms striving to offer better services and attract more users. As Solana continues to gain traction, it will be interesting to observe how this rivalry evolves and impacts the broader cryptocurrency market.#Solana #DEX #Ethereum #DeFi #cryptocurrency #tradingvolume #blockchain #finance #solanadex #ethereumdex #SOL
🚀 Hyperliquid Announces Support For Builder Codes
#Hyperliquid #BuilderCodes #DecentralizedFinance #DeFi #Trading #Blockchain #Crypto #CEX #Trustless #OnChain
According to Foresight News, decentralized derivatives trading platform Hyperliquid has announced on X that it now supports builder codes. This new feature allows anyone to profit from applications on the L1 layer without needing permission.
Hyperliquid stated that builder codes are trustless and fully on-chain. They combine the advantages of centralized exchange (CEX) broker programs with the permissionless, self-custody nature of decentralized finance (DeFi). With just a single line of code, users can earn proportional revenue from trading volumes associated with regional front-ends, fiat gateways, mobile wallets, and social trading. This revenue potential could be multiple times higher than the fees charged by the L1 itself.#Hyperliquid #BuilderCodes #DecentralizedFinance #DeFi #Trading #Blockchain #Crypto #CEX #Trustless #OnChain
🚀 BNB Drops Below 550 USDT with a 5.15% Decrease in 24 Hours
#BNB #cryptocurrency #Binance #marketdata #USDT #pricechange #decrease #trading
On Oct 02, 2024, 09:47 AM(UTC). According to Binance Market Data, BNB has dropped below 550 USDT and is now trading at 549.299988 USDT, with a narrowed 5.15% decrease in 24 hours.#BNB #cryptocurrency #Binance #marketdata #USDT #pricechange #decrease #trading
🚀 AirDAO Launches Graph Protocol Node To Enhance Blockchain Data Access
#AirDAO #GraphProtocol #BlockchainData #DataAccess #Web3 #SmartContracts #AstraDEX #P2P #DeveloperEngagement #UserExperience
According to BlockBeats, on October 2, AirDAO announced the launch of its Graph protocol node, aimed at improving the speed and efficiency of accessing and indexing blockchain data. This new node will organize blockchain data more effectively, allowing developers to quickly retrieve data in a user-friendly format. By accelerating functionality and enabling advanced features, the Graph node is expected to significantly enhance user experience.
AirDAO will initially implement the Graph protocol node within Astra DEX for peer-to-peer (P2P) functionalities, ensuring rapid performance and swift blockchain access. This will provide the necessary data for smooth and real-time chart rendering. Recognized as one of the best indexing solutions in Web3, the Graph protocol will make blockchain data access faster and more seamless. It simplifies the use of smart contracts, aiding developers in creating powerful products on AirDAO, and accelerates the adoption of new features, scalability, and developer engagement.
The integration of the Graph node is set to empower both developers and users within the AirDAO ecosystem. It has already been fully integrated into Astra DEX and other platforms, enhancing the overall capabilities and performance of the ecosystem.#AirDAO #GraphProtocol #BlockchainData #DataAccess #Web3 #SmartContracts #AstraDEX #P2P #DeveloperEngagement #UserExperience
🚀 North Korean IT Workers Infiltrate Blockchain Companies, Posing Security Risks
#NorthKorea #Blockchain #Cybersecurity #Hacking #InternationalLaw #ITWorkers #CoinDesk #PANews #Cryptocurrency #SecurityRisks #INJ #FTM #SUSHI
According to PANews, a recent CoinDesk investigation has revealed that North Korean operatives have successfully infiltrated over a dozen blockchain companies by using fake identities. These individuals managed to pass interviews and background checks, even showcasing genuine work experience. The affected companies include notable names such as Injective, Fantom, Sushi, and Yearn Finance. Employing North Korean workers not only violates multiple international laws but also introduces significant cybersecurity risks. Several companies have reported hacking incidents following the hiring of these North Korean IT personnel. A United Nations report indicates that North Korean IT workers generate up to $600 million in revenue annually.#NorthKorea #Blockchain #Cybersecurity #Hacking #InternationalLaw #ITWorkers #CoinDesk #PANews #Cryptocurrency #SecurityRisks #INJ #FTM #SUSHI
🚀 Telegram's Privacy Policy Remains Unchanged Since 2018, Confirms Founder Pavel Durov
#Telegram #PrivacyPolicy #PavelDurov #DataProtection #UserPrivacy
According to BlockBeats, Telegram founder Pavel Durov has confirmed that the platform's privacy policy has remained unchanged since 2018. Durov emphasized that only in legal cases involving criminals are IP addresses and phone numbers shared, ensuring that other users' information remains unaffected.#Telegram #PrivacyPolicy #PavelDurov #DataProtection #UserPrivacy