🚀 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
🚀 Bitcoin(BTC) Surpasses 61,000 USDT with a Narrowed 0.10% Decrease in 24 Hours
#Bitcoin #BTC #USDT #Binance #crypto #cryptocurrency #trading
On Oct 03, 2024, 00:39 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 61,000 USDT benchmark and is now trading at 61,070.011719 USDT, with a narrowed narrowed 0.10% decrease in 24 hours.#Bitcoin #BTC #USDT #Binance #crypto #cryptocurrency #trading
🚀 Aptos Labs Acquires HashPalette To Expand In Asia
#AptosLabs #HashPalette #Blockchain #AsiaExpansion #Web3 #DigitalEconomy #Japan #Partnerships #Gaming #DigitalAssets #APT
According to Odaily, Aptos Labs has announced its acquisition of HashPalette Inc., a subsidiary of HashPort Inc. and the developer of Palette Chain. As part of the agreement, HashPort will migrate Palette Chain and HashPalette's applications to the Aptos network, including the EXPO2025 digital wallet for the 2025 World Expo in Osaka, Japan. This acquisition aims to expand Aptos Labs' presence in Asia and introduce the Aptos blockchain to one of the world's most innovative digital economies. The transaction is subject to customary closing conditions and approvals.
Aptos Labs' acquisition of HashPalette is a strategic move to enter the Japanese blockchain market. HashPalette has established partnerships with major Japanese companies, including KDDI, making this acquisition a gateway to some of Japan's most influential firms. Leveraging these collaborations and the technology of the Aptos network, Aptos Labs plans to drive Web3 adoption in Japan's entertainment, gaming, and digital asset sectors.#AptosLabs #HashPalette #Blockchain #AsiaExpansion #Web3 #DigitalEconomy #Japan #Partnerships #Gaming #DigitalAssets #APT
🚀 Solana Meme Coin Pochita Surpasses $20 Million Market Cap
#Solana #MemeCoin #Pochita #MarketCap #InvestmentRisks
According to BlockBeats, on October 3, the market capitalization of the Solana-based meme coin Pochita (Pochita) has exceeded $20 million. Within just nine hours of its launch, the trading volume surpassed $88 million.
BlockBeats advises users to exercise caution when dealing with meme coins, as they typically lack practical use cases and carry significant investment risks.#Solana #MemeCoin #Pochita #MarketCap #InvestmentRisks
🚀 Puffer Finance Announces Increased Community Allocation for ETH Deposits
#PufferFinance #ETH #PUFFER #cryptocurrency #communityallocation #stakers #tokenomics
According to Foresight News, Puffer Finance has announced via a tweet that for every additional 10,000 ETH deposited, the community allocation for PUFFER tokens will increase by 0.1%. Of this increased allocation, 70% will be distributed to new stakers, while the remaining portion will be allocated to existing users. The snapshot for this activity is scheduled for October 5, 2023 (UTC+8).#PufferFinance #ETH #PUFFER #cryptocurrency #communityallocation #stakers #tokenomics
🚀 Elon Musk's AI Startup xAI Moves Into New San Francisco Office
#ElonMusk #xAI #SanFrancisco #AI #OpenAI #MissionDistrict #PaloAlto #OfficeMove #TechNews #Startup
According to BlockBeats, Elon Musk's artificial intelligence startup xAI has recently moved into a new office located in the Mission District of San Francisco. This new office is in the same building where OpenAI, another AI company, had its headquarters for several years.
Musk's lawyer recently claimed in a lawsuit that Musk initially rented this office while he was an employee at OpenAI and has been paying for it ever since. In August, Musk listed the building for sublease, and OpenAI relocated to a new office just four blocks away.
On Tuesday evening, xAI hosted an open house event at their new office, coinciding with the conclusion of OpenAI's developer day event. xAI employees mentioned to an attendee that they had just moved into the office on Monday but would still spend most of their time working from xAI's Palo Alto office.
Musk has recently indicated plans to move his companies from California to Texas, but xAI might be an exception to this relocation strategy.#ElonMusk #xAI #SanFrancisco #AI #OpenAI #MissionDistrict #PaloAlto #OfficeMove #TechNews #Startup
🚀 USDS Now Available on Ethereum Mainnet Aave V3 and Lido Pools
#USDS #Ethereum #AaveV3 #Lido #liquiditypools
According to Foresight News, Sky announced via Twitter that USDS has been launched on the Ethereum mainnet, specifically on Aave V3 and Lido liquidity pools.#USDS #Ethereum #AaveV3 #Lido #liquiditypools
🚀 Web3.0 Security Report Reveals $753 Million Losses in Q3 2024
#Web3 #SecurityReport #CertiK #Hack3d #PhishingAttacks #PrivateKeyLeaks #CryptoLosses #Q32024 #BlockchainSecurity
According to Foresight News, security firm CertiK has released its latest report titled 'Hack3d: Q3 2024 Web3.0 Security Report.' The report highlights that the third quarter of 2024 witnessed 155 security incidents, resulting in losses amounting to $753 million. This marks an approximate 9.5% increase in total losses compared to the previous quarter.
The report identifies phishing attacks and private key leaks as the primary causes of asset losses during this period, accounting for $668 million of the total losses. As of the end of the third quarter, the cumulative losses for 2024 have approached $2 billion.#Web3 #SecurityReport #CertiK #Hack3d #PhishingAttacks #PrivateKeyLeaks #CryptoLosses #Q32024 #BlockchainSecurity
🚀 Whale Investor Halts Losses on ETH Leveraged Position
#WhaleInvestor #ETH #LeveragedPosition #BlockBeats #CryptoLosses #Investing #Ethereum
According to BlockBeats, on October 3, monitoring by @ai_9684xtpa revealed that a whale investor, who previously incurred a loss of $8.22 million on leveraged ETH positions, has begun to halt losses on their ETH holdings.
The investor initially went long on 3,594 ETH at an average price of $2,484 per ETH on September 20-21, amounting to approximately $9.19 million. At its peak, the position had an unrealized profit of $536,000. However, instead of closing the position at a profit, the investor sold 2,200 ETH at an average price of $2,365 within two hours, resulting in a loss of nearly $260,000.
Currently, the investor still holds 1,394 ETH and has loaned out $1.03 million, maintaining a health ratio of 2.66.#WhaleInvestor #ETH #LeveragedPosition #BlockBeats #CryptoLosses #Investing #Ethereum
🚀 Hong Kong Stocks Experience Significant Decline
#HongKong #Stocks #Decline #HangSengIndex #Technology #RealEstate #Volatility #MarketChallenges
According to Odaily, Hong Kong stocks saw a significant decline today, with both technology and real estate sectors experiencing substantial losses. The Hang Seng Index dropped by more than 4%, while the Hang Seng Tech Index's decline widened to 7%. Among the notable declines, Oriental Selection fell by over 18%, Alibaba Health by more than 15%, and JD Health by over 12%.
The real estate sector also faced severe downturns, with major companies such as Shimao Group, CIFI Holdings, Sunac, and R&F Properties all plummeting by over 30%. This widespread decline highlights the volatility and challenges currently facing the Hong Kong stock market.#HongKong #Stocks #Decline #HangSengIndex #Technology #RealEstate #Volatility #MarketChallenges
🚀 Ohio Senator Proposes Bill To Legalize Cryptocurrency Tax Payments
#Ohio #Senator #Cryptocurrency #TaxPayments #Bitcoin #DigitalAssets #Legislation #PensionSystem
According to PANews, Ohio Senator Niraj Antani has introduced a bill to legalize the payment of state and local taxes using cryptocurrency. The proposed legislation underscores the significance of digital currencies in the current economy, mandating that Ohio accept cryptocurrencies like Bitcoin for tax payments. Additionally, the bill would permit the state's pension system to invest in these digital assets. Antani highlighted Ohio's historical role in the adoption of cryptocurrency.#Ohio #Senator #Cryptocurrency #TaxPayments #Bitcoin #DigitalAssets #Legislation #PensionSystem
🚀 Bitcoin Forms 'Three Blind Mice' Pattern, Potential Downtrend Ahead
#Bitcoin #ThreeBlindMice #PeterBrandt #Cryptocurrency #TechnicalAnalysis #Downtrend #TradingPattern #MarketTrends #GeopoliticalTensions #USEconomy #BTC
According to Cointelegraph, veteran trader Peter Brandt has observed that Bitcoin is forming a 'three blind mice' pattern, which some interpret as a sign that the asset could decline in the coming days. In an Oct. 2 post on X, Brandt informed his 740,000 followers about this pattern, referring to it as the 'infamous Three Blind Mice and a Piece of Cheese' trading pattern.
Technical analysis data from trading platform Morpher suggests that the 'three blind mice' pattern is typically seen as a 'continuation' pattern, indicating that the future price action will follow the direction of the 'three blind mice.' Brandt previously mentioned this pattern on Dec. 17, 2022, when Bitcoin was trading around $17,000 and subsequently entered a weeks-long slump before sharply breaking out to the upside in January 2023.
In an earlier Oct. 2 post on X, Brandt warned traders that Bitcoin's recent rally did not 'disturb the 7-month sequence of lower highs and lower lows,' indicating that Bitcoin remains in a downtrend. He stated that 'only a close above 71,000 confirmed by a new ATH will indicate that the trend from the Nov 2022 low remains in force.'
Several traders have speculated that Brandt's 'three blind mice' pattern is a more humorous take on the Three Black Crows pattern, which is used to indicate the reversal of an uptrend. The pattern's name may also be derived from the popular nursery rhyme, which repeats the phrase 'three blind mice' with 'see how they run.'
The price of Bitcoin has dropped 7.1% in the last three days, with the sharp 72-hour downturn erasing nearly 12 days of gains. This decline has been attributed to escalating geopolitical tensions in the Middle East, compounded by concerns about the strength of the US economy and the outcome of the upcoming election.#Bitcoin #ThreeBlindMice #PeterBrandt #Cryptocurrency #TechnicalAnalysis #Downtrend #TradingPattern #MarketTrends #GeopoliticalTensions #USEconomy #BTC
🚀 Ethereum Spot ETF Sees Significant Net Inflows
#Ethereum #ETFs #NetInflows #Grayscale #BlackRock #FranklinTempleton #Crypto #Investing #ETH
According to PANews, data from SoSoValue indicates that on October 2 (Eastern Time), Ethereum spot ETFs experienced a total net inflow of $14.44 million.
On the same day, Grayscale's Ethereum Trust ETF (ETHE) saw a single-day net outflow of $5.40 million, bringing its historical net outflow to $2.939 billion. Meanwhile, Grayscale's Ethereum Mini Trust ETF (ETH) had no net outflow for the day, maintaining its historical total net inflow at $295 million. The Ethereum spot ETF with the highest single-day net inflow was BlackRock's ETF (ETHA), which recorded an inflow of $18.04 million, pushing its historical total net inflow to $1.164 billion. Following this was Franklin Templeton's ETF (EZET), with a single-day net inflow of $1.81 million, bringing its historical total net inflow to $37.12 million.
As of the time of reporting, the total net asset value of Ethereum spot ETFs stands at $6.508 billion, with an ETF net asset ratio (market value relative to Ethereum's total market value) of 2.27%. The historical cumulative net outflow has reached $558 million.#Ethereum #ETFs #NetInflows #Grayscale #BlackRock #FranklinTempleton #Crypto #Investing #ETH
🚀 🔥 Binance System Upgrade Scheduled for October 8, 2024 🔥
#Binance #SystemUpgrade #CryptoDeposits #Withdrawals #Trading #PerformanceEnhancement #ScheduledMaintenance #October2024 #P2PTrading #FiatServices #CryptoTrading #SpotTrading #FuturesTrading #MarginTrading
Binance will conduct a scheduled system upgrade on October 8, 2024, starting at 06:00 UTC, expected to last approximately 15 minutes. The upgrade aims to enhance overall system performance and stability.Impacted Services During Upgrade:Crypto Deposits & WithdrawalsSpot Copy Trading: Opening new positions.Spot & Futures Trading Bots: Opening new positions.Account Transfers: Including transfers across Sub-accounts, Margin, Futures, Options, Pool Accounts, and Fiat Wallets.Margin Trading: Cross, Isolated, and Portfolio Margin activities will be paused, and ongoing liquidations may be interrupted.Spot Referral & Liquidity Provider Rebates: These will be temporarily unavailable, with credits distributed after the upgrade.Binance Bridge (Web3 Wallet)Impacted Transfer & Trading Services:P2P TradingConvert and OTC Portal TradingAuto-InvestConvert Low-Value Assets to BNBCrypto Purchases via CardsFiat Deposits & WithdrawalsFiat Buy & Sell CryptoSubscription & Redemption of Earn ProductsLoans ServicesPay TransactionsUsers are advised to be aware of potential interruptions in these services during the upgrade window.#Binance #SystemUpgrade #CryptoDeposits #Withdrawals #Trading #PerformanceEnhancement #ScheduledMaintenance #October2024 #P2PTrading #FiatServices #CryptoTrading #SpotTrading #FuturesTrading #MarginTrading
🚀 BNB Surpasses 550 USDT with a Narrowed 0.47% Decrease in 24 Hours
#BNB #USDT #Binance #cryptocurrency #trading #marketdata #decrease
On Oct 03, 2024, 04:38 AM(UTC). According to Binance Market Data, BNB has crossed the 550 USDT benchmark and is now trading at 550.099976 USDT, with a narrowed narrowed 0.47% decrease in 24 hours.#BNB #USDT #Binance #cryptocurrency #trading #marketdata #decrease