🚀 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
🚀 Ethereum(ETH) Surpasses 2,400 USDT with a Narrowed 3.33% Decrease in 24 Hours
#Ethereum #ETH #USDT #cryptocurrency #Binance #marketdata #trading
On Oct 03, 2024, 04:45 AM(UTC). According to Binance Market Data, Ethereum has crossed the 2,400 USDT benchmark and is now trading at 2,400 USDT, with a narrowed narrowed 3.33% decrease in 24 hours.#Ethereum #ETH #USDT #cryptocurrency #Binance #marketdata #trading
🚀 Federal Reserve Rate Cut Probabilities for November
#FederalReserve #RateCut #InterestRates #CME #FedWatch #EconomicForecast
According to Odaily, the CME 'FedWatch' tool indicates a 62.8% probability that the Federal Reserve will cut interest rates by 25 basis points in November. Additionally, there is a 37.2% chance of a 50 basis point rate cut.#FederalReserve #RateCut #InterestRates #CME #FedWatch #EconomicForecast
🚀 Bitcoin Network Transaction Fees Decrease
#Bitcoin #TransactionFees #Blockchain #Cryptocurrency #Mempool
According to BlockBeats, on October 3, data from mempool.space indicates that Bitcoin network transaction fees have decreased. The current high-priority fee is reported at 2 Sat/byte.#Bitcoin #TransactionFees #Blockchain #Cryptocurrency #Mempool
🚀 Uruguay Enacts Cryptocurrency Law After Two Years Of Deliberation
#Uruguay #CryptocurrencyLaw #VirtualAssets #CentralBank #Regulation #VASPs #AntiMoneyLaundering #CounterTerrorismFinancing #DecentralizedSecurities #DistributedLedgerTechnology
According to PANews, Uruguay has officially enacted a cryptocurrency law after more than two years of discussions. The law, initially proposed two years ago, recognizes cryptocurrencies as virtual assets in the country and designates the Central Bank of Uruguay as the regulator and overseer for companies seeking to provide cryptocurrency services. This move positions Uruguay among the leading Latin American countries that have integrated cryptocurrencies into their regulatory frameworks.
The Central Bank of Uruguay will oversee virtual asset service providers (VASPs) and is responsible for issuing operational licenses to such organizations. The issuance of these licenses will take into account factors such as legality, opportunity, and convenience. Additionally, the Financial Services Supervision (SSF) must identify exchanges, wallets, and even miners that fall under the VASP category.
The new law also amends existing anti-money laundering and counter-terrorism financing regulations to include virtual assets under the control and supervision of current enforcement agencies. Furthermore, it reforms securities law by introducing the concept of decentralized securities, which are issued, stored, transferred, and traded electronically through distributed ledger technology.#Uruguay #CryptocurrencyLaw #VirtualAssets #CentralBank #Regulation #VASPs #AntiMoneyLaundering #CounterTerrorismFinancing #DecentralizedSecurities #DistributedLedgerTechnology
🚀 Andre Cronje Criticizes Project for Misusing Open Source Code
#AndreCronje #Fantom #SonicLabs #OpenSource #GPL3 #BUSL #ProjectCriticism #Blockchain #Web3 #Crypto #FTM
According to BlockBeats, on October 3, Andre Cronje, Director of the Fantom Foundation and current Chief Technology Officer of Sonic Labs (formerly Fantom), expressed his concerns on social media about a project with a Total Value Locked (TVL) of $1 billion and a Fully Diluted Valuation (FDV) of $1 billion. Cronje noted that the project had evidently used his open-source code, which is licensed under GPL3, and had obtained a Business Source License (BUSL).
Cronje stated that he could accept not being acknowledged, allowing the project to remove his name from the code, and even not mentioning him or the original project on their website or documentation. He also mentioned that he could tolerate the project renaming certain concepts to avoid any association. However, he criticized the project for taking something from open source and making it restrictive, while profiting significantly from it. Cronje remarked that the changes in this field are much larger than he had anticipated.#AndreCronje #Fantom #SonicLabs #OpenSource #GPL3 #BUSL #ProjectCriticism #Blockchain #Web3 #Crypto #FTM
🚀 Fractal Mining Power Drops Below 7EH/s As FB Price Declines
#FractalMining #EthereumHashrate #FBPriceDrop #CryptocurrencyNews #MiningPower
According to Odaily, data from the official Fractal browser indicates that Fractal's permissionless mining power has fallen below 7EH/s, currently standing at 6.898 EH/s. Concurrently, CoinGecko data reveals that the price of FB has dropped below $7, experiencing a 12% decline over the past 24 hours, now trading at $6.83.#FractalMining #EthereumHashrate #FBPriceDrop #CryptocurrencyNews #MiningPower