🚀 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
🚀 Ethereum(ETH) Drops Below 2,400 USDT with a 4.47% Decrease in 24 Hours
#Ethereum #ETH #USDT #Binance #Crypto #MarketData #PriceDrop #Investment
On Oct 02, 2024, 18:18 PM(UTC). According to Binance Market Data, Ethereum has dropped below 2,400 USDT and is now trading at 2,397.800049 USDT, with a narrowed 4.47% decrease in 24 hours.#Ethereum #ETH #USDT #Binance #Crypto #MarketData #PriceDrop #Investment
🚀 Ark Invest To Allocate $250 Million To OpenAI
#ArkInvest #OpenAI #ArtificialIntelligence #Investment #Innovation
According to Odaily, Cathie Wood's ARK Invest is set to invest at least $250 million in OpenAI. This significant investment underscores ARK's commitment to advancing artificial intelligence technologies and supporting innovative companies in the sector.#ArkInvest #OpenAI #ArtificialIntelligence #Investment #Innovation
🚀 Hamster Kombat To Integrate NFTs And September NFT Sales Hit Record Low
#HamsterKombat #NFT #digitalcollectibles #NFTsales #blockchain #PosIndonesia #Cenderawasih #Decentraland #metaverse #Web3
According to Cointelegraph, the popular Telegram clicker game Hamster Kombat has announced plans to integrate non-fungible tokens (NFTs) as in-game assets. The game, which has amassed over 300 million users since its launch, revealed its roadmap for the last quarter of 2024 and 2025. The NFT integration is scheduled for November, although specific details about the integration have not been disclosed. This move could potentially reignite interest in digital collectibles given the game's large user base.
In other news, September saw the lowest monthly NFT sales volume since January 2021, with a total of $296 million in sales. This marks an 81% drop from March and a 20% decrease from August. Additionally, the number of NFT transactions fell from 7.3 million in August to 4.9 million in September. Despite these declines, the average value of NFT transactions increased slightly, rising to $60 in September from $50.71 in August.
Indonesia's largest postal service, Pos Indonesia, has launched NFT-integrated postage stamps. The state-owned company released its inaugural stamps featuring “Cenderawasih,” or “bird of paradise,” with NFT counterparts. Pos Indonesia aims to merge traditional values with blockchain innovation and attract stamp enthusiasts with this new offering.
In an interview with Cointelegraph, Bay Backner, the head producer at Decentraland, discussed how decentralized metaverse platforms could help address the loneliness epidemic. Backner highlighted that these platforms can foster genuine online connections and create tighter communities than traditional social platforms, thanks to the community-oriented ethos of Web3 and blockchain technology.
Stay tuned for more updates and insights into the evolving NFT space.#HamsterKombat #NFT #digitalcollectibles #NFTsales #blockchain #PosIndonesia #Cenderawasih #Decentraland #metaverse #Web3
🚀 US Court Allows Kalshi To List Election Event Contracts
#Kalshi #ElectionContracts #USCourt #CFTC #DerivativesExchange #PredictionMarkets #Polymarket #PoliticalOutcomes #RegulatoryCompliance #USPresidentialElection
According to Cointelegraph, a United States federal appeals court has permitted Kalshi, a derivatives exchange, to list event contracts tied to US election outcomes. This decision, made on October 2, opens the door for election prediction markets, including Web3 platforms like Polymarket, to operate within the US.
The US Court of Appeals for the District of Columbia Circuit ruled against the Commodity Futures Trading Commission’s (CFTC) attempt to prevent Kalshi from listing derivatives linked to political outcomes. This ruling comes just before the US presidential election, where over $1 billion is at stake on Polymarket as of October 2.
In September, Kalshi won a lawsuit against the CFTC, which had previously issued an order prohibiting the listing of political event contracts. The CFTC argued that these contracts involved gaming activities that were unlawful under state law and contrary to public interest. Specifically, the CFTC targeted contracts wagering on which US party would control Congress after the November federal elections.
On September 12, the CFTC appealed the court’s decision and sought a court order to bar Kalshi from listing any event contracts until the appeal was resolved. However, the October 2 ruling stated that the Commission could not obtain a stay because it had not demonstrated that it or the public would be irreparably harmed while the appeal was heard.
The September federal circuit court ruling also argued that the CFTC overstepped its bounds by blocking contracts on broad public interest grounds if they otherwise complied with US financial regulations. The judge emphasized that the case was not about personal opinions on Kalshi’s product but about adherence to regulatory compliance.#Kalshi #ElectionContracts #USCourt #CFTC #DerivativesExchange #PredictionMarkets #Polymarket #PoliticalOutcomes #RegulatoryCompliance #USPresidentialElection
🚀 Bitcoin Rebounds After Brief Dip Below 60000 USDT
#Bitcoin #USDT #cryptocurrency #trading #marketupdate #BTC
According to Odaily, Bitcoin experienced a brief dip below 60000 USDT before rebounding. As of now, Bitcoin is trading at 60234 USDT, marking a 24-hour decline of 2.55%.#Bitcoin #USDT #cryptocurrency #trading #marketupdate #BTC
🚀 AT&T Faces Court Over User Data Protection Failures
#ATT #UserDataProtection #SIMSwap #Cryptocurrency #LegalBattle #MichaelTerpin #CourtCase #CyberCrime #BabyAlCapone #FederalCommunicationsAct #Compensation #PIinsky #NicholasTruglia
According to Cointelegraph, AT&T will return to court to face charges of failing to protect user information after a part of a summary judgment in its favor was overturned on appeal. The case originated in 2020 when crypto investor Michael Terpin sued a recent high school graduate for stealing $24 million in cryptocurrency through a SIM swap that bypassed two-factor authentication on one of Terpin’s crypto wallets.
Ellis Pinsky, who was 15 in 2018, and an accomplice bribed an AT&T employee to transfer Terpin’s SIM card information onto a blank card in their phone. This led to a complex legal battle that earned Pinsky the nickname “Baby Al Capone” and involved him in a potentially precedent-setting case against AT&T. The Ninth Circuit Court of Appeals found that Terpin’s claims were rightfully dismissed, except for the claim under Section 222 of the Federal Communications Act, which protects SIM card information. The court did not reinstate Terpin’s fraud claim against AT&T or his demand for $216 million in punitive damages.
Terpin’s lead attorney, Pierce O’Donnell, stated that Terpin will now seek “$24 million plus at least $14 million of interest plus his attorney’s fees for a total of at least $45 million” from AT&T. Initially, Terpin brought 16 charges against AT&T, but only three were allowed to proceed. Terpin used his investigative skills to track down Pinsky, who returned $2 million to him. In May 2020, after Pinsky had turned 18, Terpin sued him for $71.4 million — the balance of the stolen funds plus three times the damages as allowed for racketeering charges. Pinsky agreed to testify on Terpin’s behalf in the case against AT&T.
Terpin also sued Pinsky’s accomplice, Nicholas Truglia, for $75.8 million in 2019 and won the case. Truglia was 21 at the time of the heist. The dramatic events surrounding Truglia and Pinsky’s meeting online were documented in a feature story in Rolling Stone in 2022. Pinsky recently graduated from New York University.#ATT #UserDataProtection #SIMSwap #Cryptocurrency #LegalBattle #MichaelTerpin #CourtCase #CyberCrime #BabyAlCapone #FederalCommunicationsAct #Compensation #PIinsky #NicholasTruglia
🚀 SEC Appeals Ripple Lawsuit Ruling
#SEC #Ripple #XRP #cryptocurrency #lawsuit #JudgeTorres #appeal #securities #HoweyTest #digitalassets
According to Cointelegraph, the United States Securities and Exchange Commission (SEC) has filed a notice of appeal in the Ripple lawsuit on October 2, seeking to overturn Judge Analisa Torres’s earlier ruling.
Legal experts had anticipated the regulatory agency’s appeal of Judge Torres’s 2023 verdict, which determined that secondary sales of Ripple’s XRP (XRP) did not constitute securities sales. Judge Torres ruled that XRP was not a security in itself because the digital assets did not meet all the conditions listed in the SEC’s Howey test to classify a financial asset as an investment contract.
As a result, secondary sales cannot be labeled as unregistered securities sales, according to Torres. However, she also clarified that early sales from the Ripple founders to institutional investors did constitute securities sales due to the manner in which the sales were conducted. At the time, the ruling was considered a significant victory for Ripple Labs and the broader cryptocurrency industry.
This is a developing story, and further information will be added as it becomes available.#SEC #Ripple #XRP #cryptocurrency #lawsuit #JudgeTorres #appeal #securities #HoweyTest #digitalassets
🚀 Bitcoin Community Mobilizes Aid For North Carolina After Hurricane Helene
#Bitcoin #NorthCarolina #HurricaneHelene #DisasterRelief #CommunitySupport #Blockchain #EmergencyAid #BitcoinDonations #AsheCounty #NaturalDisaster #BTC
According to Cointelegraph, North Carolina’s local Bitcoin community is organizing a convoy of emergency room physicians, volunteers, and retired military personnel to provide critical assistance in the state’s mountain region following Hurricane Helene. The operation will commence on Oct. 4 from the Greensboro region, with a 12-man team equipped with six full-sized trucks, multiple utility task vehicles, four trailers, one horse, and one mule, as stated by North Carolina Blockchain Association’s Head of Industry Affairs Dan Spuller in an Oct. 2 post on X.
Chainsaws and medical supplies will be utilized to clear paths and search for missing individuals. The convoy has been organized by the North Carolina Blockchain Initiative, Bitcoin Mining Museum, and Bitcoin mining and ASIC repair company HM Tech. The operation will cover the western side of North Carolina, including the highly affected Ashe County, where the Appalachian mountains are located. The Bitcoiners will also focus on the “overlooked” communities in the region that have received little to no state or federal support and remain cut off from life-saving supplies. Spuller noted that the challenges in Western North Carolina are immense, but the way the Bitcoin community has come together to deliver aid is inspiring.
Reports indicate that residents in the area have been isolated and without electricity. The Bitcoiners are accepting donations in Bitcoin (BTC) and fiat to support the convoy’s mission. Unfortunately, Hurricane Helene has taken at least 189 lives and damaged property in seven US states — Florida, Alabama, Georgia, North Carolina, South Carolina, Tennessee, and Virginia, as reported by the New York Post. Hurricane Helene has been rated a category 4 (out of 5) hurricane on the Saffir-Simpson scale, with winds reaching up to 140 miles per hour, leading to road closures and severe flooding in some areas. The death toll is expected to rise, with hundreds of people still missing.#Bitcoin #NorthCarolina #HurricaneHelene #DisasterRelief #CommunitySupport #Blockchain #EmergencyAid #BitcoinDonations #AsheCounty #NaturalDisaster #BTC