🚀 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
🚀 Grayscale Transfers 649.454 Bitcoins Worth $39.45 Million To Unknown Address
#Grayscale #Bitcoin #Cryptocurrency #Blockchain #Transfer #Investment
According to PANews, Arkham monitoring data revealed that Grayscale transferred 649.454 bitcoins to an unknown address approximately 40 minutes ago. The value of the transferred bitcoins is estimated to be around $39.45 million.#Grayscale #Bitcoin #Cryptocurrency #Blockchain #Transfer #Investment
🚀 CoinDesk 20 Index Sees Decline With XRP And ICP Leading Losses
#CoinDesk20 #XRP #ICP #ATOM #FIL #cryptocurrency #index #marketanalysis
According to CoinDesk, the CoinDesk 20 Index has experienced a decline, currently trading at 1927.79, which is a decrease of 1.8% or 35.38 points since the previous day's close. Out of the 20 assets in the index, only one is trading higher. The leaders in the index include ATOM, which has seen a slight increase of 0.7%, and FIL, which has marginally decreased by 0.1%. On the other hand, the laggards are XRP, which has dropped by 5.1%, and ICP, which has fallen by 3.0%. The CoinDesk 20 is a comprehensive index that is traded on various platforms across multiple regions globally.#CoinDesk20 #XRP #ICP #ATOM #FIL #cryptocurrency #index #marketanalysis
🚀 Tron Network Reports Record Revenue In Q3 2024
#TronNetwork #Q32024 #recordrevenue #JustinSun #blockchain #cryptocurrency #blockbeats #TRX
According to BlockBeats, on October 2, Justin Sun announced on social media that the TRON network achieved a total revenue of $577 million in the third quarter of 2024. This marks the highest revenue level since the protocol's inception and represents a 43% increase compared to the second quarter.#TronNetwork #Q32024 #recordrevenue #JustinSun #blockchain #cryptocurrency #blockbeats #TRX
🚀 BNB Chain Hackathon Q3 2024 Winners Announced
#BNBChain #Hackathon #Winners #Q32024 #zkGraph #Siren #CryptoBed #Blockchain #Decentralized #PrizePool
According to BlockBeats, on October 2, BNB Chain announced the results of its Q3 2024 hackathon. The event received a total of 186 impressive submissions, with 10 projects advancing to the final presentation stage to compete for the top three positions and a prize pool of $50,000.
The top three winners were as follows: First place went to zkGraph, a distributed proof node network, which received $15,000. Second place was awarded to Siren, a BNB Greenfield ecosystem project, earning $10,000. Third place was secured by CryptoBed, a decentralized rental project, which received $5,000.#BNBChain #Hackathon #Winners #Q32024 #zkGraph #Siren #CryptoBed #Blockchain #Decentralized #PrizePool
🚀 Arbitrum Achieves $200 Billion Trading Volume Milestone on Uniswap
#Arbitrum #Uniswap #Layer2 #DeFi #Blockchain #dApps #TradingVolume #Scalability #Efficiency #Milestone #ARB
According to PANews, Uniswap Labs has officially announced that Arbitrum has become the first Layer 2 network to surpass $200 billion in trading volume on the Uniswap protocol. This significant milestone highlights the growing adoption and usage of Layer 2 solutions in the decentralized finance (DeFi) ecosystem. Arbitrum's achievement underscores the scalability and efficiency improvements that Layer 2 networks bring to blockchain transactions, making them more accessible and cost-effective for users. The milestone is a testament to the increasing importance of Layer 2 networks in enhancing the performance and user experience of decentralized applications (dApps).#Arbitrum #Uniswap #Layer2 #DeFi #Blockchain #dApps #TradingVolume #Scalability #Efficiency #Milestone #ARB
🚀 Market Volatility Driven By Futures, Says CryptoQuant Founder
#MarketVolatility #FuturesMarket #CryptoQuant #Bitcoin #Whales #OTCmarket #OnChainData #RetailInvestors #BTCCumulation #ETF #Cryptocurrency
According to Odaily, CryptoQuant founder Ki Young Ju recently commented on the X platform that the current market volatility is primarily a game within the futures market. He emphasized that real whales are driving Bitcoin's rise through spot trading and the OTC market, making on-chain data crucial. Diamond-handed whales have not yet seen particularly high returns, and whales who entered the market during the recent bull run have gained almost no profit. They are unlikely to sell on trading platforms until retail investor liquidity starts flowing in. Additionally, new whale addresses are accumulating BTC at an unprecedented rate, a behavior the BTC market has never witnessed before. Some believe these new whales are primarily driven by ETF inflows, but recent accumulation patterns suggest that these new whale addresses have little correlation with ETFs.#MarketVolatility #FuturesMarket #CryptoQuant #Bitcoin #Whales #OTCmarket #OnChainData #RetailInvestors #BTCCumulation #ETF #Cryptocurrency
🚀 Jack Lipstone Joins Sei Foundation As DeFi Business Development Lead
#JackLipstone #SeiFoundation #DeFi #BusinessDevelopment #SeiNetwork #Ecosystem #SEI
According to PANews, former ChapterOne investment partner Jack Lipstone announced on social media that he has joined the Sei Foundation as the head of DeFi business development. Lipstone stated that since March, he has been contributing to the Sei Network ecosystem through various business development initiatives. In his new role, he will focus on expanding the Sei DeFi ecosystem by closely collaborating with founders and the community.#JackLipstone #SeiFoundation #DeFi #BusinessDevelopment #SeiNetwork #Ecosystem #SEI
🚀 Bitcoin(BTC) Surpasses 62,000 USDT with a Narrowed 1.14% Decrease in 24 Hours
#Bitcoin #BTC #USDT #cryptocurrency #Binance #marketdata #trading
On Oct 02, 2024, 16:04 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 62,000 USDT benchmark and is now trading at 62,066 USDT, with a narrowed narrowed 1.14% decrease in 24 hours.#Bitcoin #BTC #USDT #cryptocurrency #Binance #marketdata #trading
🚀 Fed Official Suggests September Rate Cut Was Justified
#Fed #RateCut #Barkin #Inflation #Unemployment #InterestRates
According to PANews, Federal Reserve official Barkin stated that a 0.5 percentage point rate cut in September was reasonable. He noted that the interest rate level at that time was inconsistent with the downward trend in inflation and the unemployment rate approaching a sustainable level.#Fed #RateCut #Barkin #Inflation #Unemployment #InterestRates
🚀 OpenAI Raises Over $6.5 Billion In Latest Funding Round
#OpenAI #FundingRound #Investment #Technology #ArtificialIntelligence
According to Odaily, OpenAI has successfully raised over $6.5 billion in its latest funding round. This round of financing values the company at $150 billion. The significant investment highlights the growing interest and confidence in OpenAI's capabilities and future prospects.#OpenAI #FundingRound #Investment #Technology #ArtificialIntelligence
🚀 Solana's PYUSD Supply Declines Amid DeFi Incentive Wind-Down
#Solana #PYUSD #DeFi #Stablecoin #PayPal #LiquidityIncentives #Ethereum #YieldFarming #Paxos #TridentDigital
According to Blockworks, Solana's supply of PayPal's stablecoin, PYUSD, has significantly decreased after previously surpassing Ethereum's supply. The stablecoin's supply on Solana, which once exceeded $660 million, has now fallen to around $320 million, marking a decline of approximately 50% in about a month. In contrast, Ethereum currently holds a supply of $377 million PYUSD.
This reduction in supply coincides with the gradual winding down of liquidity incentive programs by DeFi protocols such as Kamino. These programs had previously boosted yields for PYUSD holders, attracting yield farmers who have since moved on to other opportunities. This shift raises questions about the long-term value of these incentive investments.
PayPal's PYUSD is issued by Paxos, which has aimed to draw liquidity away from the USDT-USDC stablecoin duopoly by partnering with Trident Digital for liquidity programs. After PYUSD's launch on Solana earlier this year, Trident Digital implemented liquidity incentives on various Solana DeFi platforms to temporarily increase yields and capture liquidity. These incentives involved distributing funds to DeFi protocols, which then passed them on to users as a fraction of the platforms' PYUSD supply, subject to gradually lifted caps and declining yields.
At its peak, $350 million in PYUSD on Solana was earning an 18% yield on Kamino. Currently, the annual percentage yield (APY) has decreased to 9.24%, which, while still significant, appears insufficient to retain some investors. It remains unclear whether the incentives originated from PayPal or the Solana Foundation, as both organizations did not respond to requests for comment.
The effectiveness of these liquidity incentives is debatable. Kilian Boshoff, chief commercial officer of Swell, commented that #Solana #PYUSD #DeFi #Stablecoin #PayPal #LiquidityIncentives #Ethereum #YieldFarming #Paxos #TridentDigital