🚀 Infinitar Secures $9 Million In Series A Funding Led By Lam Group And AccelByte
#Infinitar #Funding #SeriesA #Blockchain #MOBA #Web3 #LamGroup #AccelByte #Investment #GameDevelopment
According to BlockBeats, on October 7, Infinitar, the first AAA MOBA blockchain game in the Web3 space, announced the completion of a $9 million Series A funding round. The round was co-led by Lam Group and AccelByte, who also covered the remaining funding amount, bringing the post-investment valuation to $150 million.
Previously, Infinitar had completed seed and angel funding rounds, accumulating a total of $11.9 million. The continued investment from Lam Group and AccelByte highlights their strong confidence in Infinitar's future development potential. This substantial financial support will enable Infinitar to further expand its global market presence and drive product innovation.#Infinitar #Funding #SeriesA #Blockchain #MOBA #Web3 #LamGroup #AccelByte #Investment #GameDevelopment
🚀 Dogecoin Whales Accumulate 2.31 Billion DOGE Tokens
#Dogecoin #DOGE #cryptocurrency #whales #investment #priceincrease #BlockBeats #IntoTheBlock
According to BlockBeats, on October 7, IntoTheBlock disclosed that Dogecoin (DOGE) whales accumulated a total of 2.31 billion DOGE tokens last week, equivalent to approximately $231 million. This marks the highest level of accumulation since January this year.
This significant accumulation may indicate a rising interest in DOGE among investors. Such large-scale accumulation is often viewed as a signal for potential price increases.#Dogecoin #DOGE #cryptocurrency #whales #investment #priceincrease #BlockBeats #IntoTheBlock
🚀 BNB Drops Below 570 USDT with a Narrowed 1.21% Increase in 24 Hours
#BNB #Binance #CryptoMarket #USDT #PriceDrop #24HourChange
On Oct 07, 2024, 10:22 AM(UTC). According to Binance Market Data, BNB has dropped below 570 USDT and is now trading at 569.799988 USDT, with a narrowed narrowed 1.21% increase in 24 hours.#BNB #Binance #CryptoMarket #USDT #PriceDrop #24HourChange
🚀 Ton Wallet Drainer Shuts Down, Directs Users To Bitcoin
#TON #Bitcoin #crypto #walletdrainer #phishing #ScamSniffer #cryptoscams #digitalassets #blockchain #cryptocurrency
According to Cointelegraph, a wallet drainer for The Open Network (TON) has announced its closure, directing users to a different crypto-draining service. On October 7, Web3 anti-scam solution Scam Sniffer shared a screenshot of the announcement. The wallet drainer cited the lack of crypto whales in the TON community as the reason for its shutdown, stating, 'Due to TON not having whales and it being a small community, we will close.' The hackers encouraged users to target Bitcoin (BTC) instead, suggesting that those who enjoyed draining on TON would also find BTC draining appealing. They also advertised an alternative service, confirming that the TON-based drainer would not return.
Interest in TON-based drainers has been growing since June. In a previous interview with Cointelegraph, Blockaid co-founder Raz Niv noted an increasing interest in the TON ecosystem among drainers due to the significant value streamed through it. One such drainer was detected using a fake 5,000 USDt (USDT) transaction to bait users. This scam exploited TON’s comment feature, which allows transfers to include custom messages, masking the true purpose of signatures. Transfer messages displayed prompts like 'Receive 5,000 USDT' and a 'Confirm' button, initiating the token drain when signed by the user. In May, Scam Sniffer reported that this trick had already drained 22,000 Toncoin (TON) tokens, valued at over $150,000 at the time.
In related news, Scam Sniffer data revealed that phishing scams drained approximately $46.6 million in digital assets in September, affecting around 10,800 victims. The majority of these losses stemmed from a single phishing transaction that drained over $32 million in crypto. Phishing attacks typically deceive crypto holders into linking their wallets to fraudulent services like drainers, enabling malicious actors to withdraw funds without further authentication.#TON #Bitcoin #crypto #walletdrainer #phishing #ScamSniffer #cryptoscams #digitalassets #blockchain #cryptocurrency
🚀 FalconX Seeks Acquisition Opportunities Amid Industry Consolidation
#FalconX #Acquisition #DigitalAssets #Cryptocurrency #InstitutionalInvestors #MarketConsolidation #Trading #RevenueGrowth #FinancialServices #Tokenization
According to PANews, FalconX, a digital asset trading and brokerage firm, is actively seeking acquisition opportunities in anticipation of a wave of industry transactions. Raghu Yarlagadda, co-founder and CEO of FalconX, stated in an interview that as more institutional players enter the market and regulatory pressures increase, the cost of operating cryptocurrency businesses will rise, leading to a 'consolidation wave' in 2025. Yarlagadda added that the company is currently exploring potential acquisition opportunities and evaluating key players in the industry.
A spokesperson for FalconX noted a significant increase in potential acquisition opportunities. They mentioned that FalconX is looking to acquire high-quality small companies focused on institutional infrastructure, data and analytics, tokenization, and expanding its trading team by 2025. FalconX reported a record high in second-quarter revenue, with a 2.5-fold increase compared to the same period last year. The spokesperson also highlighted a nearly threefold increase in derivatives trading revenue but declined to provide specific figures.
Founded in 2018 and headquartered in San Mateo, California, FalconX was valued at $8 billion in a $150 million funding round in 2022. According to its website, the company is backed by investors such as Tiger Global, GIC, and B Capital, and serves over 600 institutional clients.#FalconX #Acquisition #DigitalAssets #Cryptocurrency #InstitutionalInvestors #MarketConsolidation #Trading #RevenueGrowth #FinancialServices #Tokenization
🚀 Bitcoin(BTC) Drops Below 63,000 USDT with a Narrowed 1.53% Increase in 24 Hours
#Bitcoin #BTC #USDT #cryptocurrency #Binance #marketdata #priceupdate
On Oct 07, 2024, 10:28 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 63,000 USDT and is now trading at 62,984.011719 USDT, with a narrowed narrowed 1.53% increase in 24 hours.#Bitcoin #BTC #USDT #cryptocurrency #Binance #marketdata #priceupdate
🚀 Aethir Partners With Com2uS's XPLA For $10 Million Gaming Ecosystem Fund
#Aethir #Com2uS #XPLA #gaming #ecosystem #funding #blockchain #AI #AAA #games #startup #technology #cloudcomputing
According to PANews, decentralized GPU cloud infrastructure provider Aethir has announced a partnership with XPLA, the blockchain network established by South Korean game publisher Com2uS. The collaboration aims to launch a $10 million gaming project ecosystem funding initiative. This initiative is designed to attract the most innovative AI-driven AAA games and game studios to their respective ecosystems. XPLA will offer financial support, gaming infrastructure guidance, user experience optimization, and tokenomics consulting, while Aethir will provide computational funding and cloud integration technical support. Applications for the funding program will open soon, with more detailed information to be released in the coming period.#Aethir #Com2uS #XPLA #gaming #ecosystem #funding #blockchain #AI #AAA #games #startup #technology #cloudcomputing
🚀 Crypto Market Sees Decline In September 2024 Funding
#CryptoMarket #FundingDecline #September2024 #Cryptocurrency #CeFi #DeFi #FundingDeals
According to PANews, the total funding in the cryptocurrency market for September 2024 amounted to $641 million. This represents a 9.6% decrease compared to the $709 million recorded in September 2023 and an 18.6% drop from the $788 million in August 2024.
In addition, the number of funding deals in September 2024 was 101, which is a 9.8% decline from the 112 deals in August 2024. When examining the total funding by sector, the top three categories were 'Other', CeFi (Centralized Finance), and DeFi (Decentralized Finance).#CryptoMarket #FundingDecline #September2024 #Cryptocurrency #CeFi #DeFi #FundingDeals
🚀 Worldcoin Shifts Focus To Asia And Latin America Amid European Challenges
#Worldcoin #Asia #LatinAmerica #Europe #DigitalIdentity #Biometrics #TechnologyAdoption #GamePublishers #RegulatoryChallenges #DigitalPassport #WorldID
According to Cointelegraph, Worldcoin, the digital identity project co-founded by OpenAI CEO Sam Altman, is redirecting its efforts from Europe to prioritize adoption in Asia and other regions. Fabian Bodensteiner, managing director of Worldcoin Europe and a founding team member, stated that the project is concentrating on markets where governments are more receptive to emerging technologies.
Speaking at the Sifted Summit, Bodensteiner highlighted that European markets are not a primary focus for Worldcoin due to limited resources and the need to prioritize regions with greater business opportunities. He emphasized that countries in the Asia-Pacific (APAC) region, such as Japan and Malaysia, and Latin American jurisdictions like Argentina, show more promise in terms of technology adoption.
Worldcoin is collaborating with several prominent game publishers in APAC to integrate its technology into their platforms. In Malaysia, the project aims to make its services accessible to consumers and local businesses, working with entities like Mimos Bhd and MyEG Services Bhd to explain the concept of its digital passport, World ID.
Despite the shift in focus, Worldcoin continues its operations in Europe, where it has faced regulatory challenges. Launched in July 2023, the project uses iris biometrics developed by Tools for Humanity. Shortly after its launch, the Bavarian State Office for Data Protection Supervision (BayLDA) initiated a probe into Worldcoin over concerns about biometric data collection. A regulatory decision on Worldcoin’s operations in Europe is expected later in October.
Authorities in Spain and Portugal also temporarily suspended Worldcoin operations in 2024 due to concerns about processing sensitive data. However, the project successfully launched operations in Poland in September and began World ID verifications in Austria in July. Despite these difficulties, Worldcoin remains committed to engaging with European regulators. Bodensteiner stated, “We want to make it work here, we don’t just want to leave Europe and dodge things.”#Worldcoin #Asia #LatinAmerica #Europe #DigitalIdentity #Biometrics #TechnologyAdoption #GamePublishers #RegulatoryChallenges #DigitalPassport #WorldID
🚀 Whale Investor Sees Massive Returns on SPX and PEPE Investments
#WhaleInvestor #SPX #PEPE #Cryptocurrency #Ethereum #Investments #BlockBeats #Lookonchain #ETH #CryptoReturns
According to BlockBeats, a significant investor known by the Ethereum address dimethyltryptamine.eth has achieved remarkable returns on two separate cryptocurrency investments. On October 7, Lookonchain reported that 90 days ago, this investor spent 15.6 ETH (approximately $47,000) to purchase 3.64 million SPX tokens. The value of these tokens has now surged to $1.27 million, marking a 26-fold increase in just three months.
Previously, this whale investor made headlines with another impressive investment. They spent only 0.125 ETH (around $251) to acquire 5.9 trillion PEPE tokens. At its peak, the value of these PEPE tokens reached $100 million. The investor sold 3.94 trillion PEPE tokens, earning 2,614 ETH (about $5 million), and still holds 1.97 trillion PEPE tokens, currently valued at $19.9 million.#WhaleInvestor #SPX #PEPE #Cryptocurrency #Ethereum #Investments #BlockBeats #Lookonchain #ETH #CryptoReturns
🚀 European Central Bank Expected To Continue Rate Cuts
#EuropeanCentralBank #ratecuts #Kazaks #finance #economicpolicy
According to BlockBeats, on October 7, European Central Bank (ECB) Governing Council member Kazaks stated that the ECB is expected to continue implementing rate cuts of equal magnitude.#EuropeanCentralBank #ratecuts #Kazaks #finance #economicpolicy
🚀 USDC Treasury Burns 50 Million USDC on Ethereum Blockchain
#USDC #Treasury #Ethereum #Blockchain #CrptoNews #WhaleAlert #Burn
According to PANews, Whale Alert has reported that the USDC Treasury destroyed 50 million USDC on the Ethereum blockchain today at 19:41 UTC+8.#USDC #Treasury #Ethereum #Blockchain #CrptoNews #WhaleAlert #Burn
🚀 Vitalik Buterin Praises Meme Coin Donations To Charities
#VitalikButerin #MemeCoins #Charity #Ebull #Donations #DAOs #AirborneDiseases #PositiveImpact #Blockchain
According to BlockBeats, on October 7, Ethereum co-founder Vitalik Buterin expressed his gratitude on social media for Meme coin projects that donate a portion of their token supply directly to charitable organizations. He highlighted the example of Ebull, which made significant token donations to various groups last month.
Buterin mentioned that any tokens sent to him would also be donated to charity. He specifically thanked Moodeng for the 10 billion tokens received today, which will be allocated to technology for combating airborne diseases. However, he emphasized a preference for tokens to be donated directly to charities. He also suggested the possibility of establishing a DAO to allow community participation in decision-making and processes.
Buterin reiterated his belief that the best outcome for Meme coins is to generate the greatest positive impact on the world. He expressed his delight in seeing such initiatives come to fruition.#VitalikButerin #MemeCoins #Charity #Ebull #Donations #DAOs #AirborneDiseases #PositiveImpact #Blockchain
🚀 Astar Network Announces Upgrade Utilizing Polkadot SDK
#AstarNetwork #PolkadotSDK #blockchain #crypto #upgrade #ASTRtokens #AgileCoretime #cryptonews
According to PANews, Astar Network has announced on its official X account that it is undergoing an upgrade, leveraging the Polkadot SDK. The network will transition seamlessly to Agile Coretime at the end of its current lease and will purchase block space as needed. This change aims to make it faster, more convenient, and more affordable for projects to join Polkadot and connect to Astar. Additionally, Astar Network mentioned that 350 million ASTR tokens, accounting for 5% of the initial supply, have been destroyed as they are no longer needed for slot auctions with the advent of Agile Coretime.#AstarNetwork #PolkadotSDK #blockchain #crypto #upgrade #ASTRtokens #AgileCoretime #cryptonews
🚀 Solana Meme Project MARU Sees Significant Surge And Charity Donation
#Solana #MARU #MemeProject #Charity #OwnTheDoge #Dogecoin #Philanthropy #AutismSupport #Blockchain #GuinnessWorldRecord
According to Odaily, the Solana-based meme project MARU has experienced a notable increase in value. As of now, MARU is priced at $0.0007475, marking a 24-hour rise of 119%. In addition to this financial surge, MARU has announced a charitable donation to Variety, a project dedicated to supporting children with autism. This philanthropic effort has garnered a response from Own The Doge, the owner of the original Dogecoin prototype.
MARU CAT, the mascot of the project, is a cat that gained fame by achieving a Guinness World Record due to its high view count on a YouTube video. This combination of financial success and charitable activities highlights the diverse impact of the MARU project within the Solana blockchain ecosystem.#Solana #MARU #MemeProject #Charity #OwnTheDoge #Dogecoin #Philanthropy #AutismSupport #Blockchain #GuinnessWorldRecord
🚀 Vitalik.eth Sells 10 Billion MOODENG Tokens, Donates ETH to Charity
#Vitalik #MOODENG #Charity #ETH #Lookonchain #Donation #Cryptocurrency
According to Odaily, Lookonchain monitoring has revealed that vitalik.eth sold 10 billion MOODENG tokens 45 minutes ago, receiving 308.69 ETH in return, valued at approximately $762,000. Out of this, 260.16 ETH, worth around $642,000, was transferred to the charity organization Kanro. Vitalik.eth still holds 40 billion MOODENG tokens, valued at roughly $8 million.#Vitalik #MOODENG #Charity #ETH #Lookonchain #Donation #Cryptocurrency
🚀 Ethereum-Based Meme Coin EBULL Surges Over 2000% In 24 Hours
#Ethereum #MemeCoin #EBULL #VitalikButerin #Crypto #Investment #MarketSurge #Charity #Caution
According to BlockBeats, the Ethereum-based meme coin EBULL has experienced a significant surge of over 2000% in the past 24 hours, with its market capitalization surpassing $17 million. This remarkable increase follows a social media post by Ethereum co-founder Vitalik Buterin, who expressed his gratitude towards meme coin projects that donate a portion of their token supply to charitable organizations. Buterin specifically mentioned that EBULL had made substantial donations to multiple groups last month.
BlockBeats advises users to exercise caution when investing in meme coins, as they typically lack practical use cases. Investors are encouraged to carefully assess the risks associated with such investments.#Ethereum #MemeCoin #EBULL #VitalikButerin #Crypto #Investment #MarketSurge #Charity #Caution
🚀 Moodeng Experiences Significant Price Surge
#Moodeng #Cryptocurrency #VitalikButerin #PriceSurge #CoinMarketCap #USDT
According to Foresight News, the cryptocurrency MOODENG saw a notable price increase, potentially influenced by a tweet from Vitalik Buterin. Data from CoinMarketCap indicates that MOODENG briefly reached 0.00027 USDT before settling at its current price of 0.00018 USDT. This marks a 120% increase within an hour.#Moodeng #Cryptocurrency #VitalikButerin #PriceSurge #CoinMarketCap #USDT
🚀 IBIT Trading Volume Reaches $14 Million Before Market Opens
#IBIT #TradingVolume #BlockBeats #MarketOpening #CryptoTrading
According to BlockBeats, on October 7, monitoring by Trader T revealed that IBIT's trading volume reached $14 million before the market opened today. Of this volume, 30% consisted of active buy orders, while 39% were active sell orders.#IBIT #TradingVolume #BlockBeats #MarketOpening #CryptoTrading
🚀 CoinDesk 20 Index Sees Modest Gains Led By UNI And NEAR
#CoinDesk20 #UNI #NEAR #cryptocurrency #index #gains #APT #RENDER #trading
According to CoinDesk, the CoinDesk 20 Index has shown a modest increase, currently trading at 1955.23, which is up by 1.2% (+22.74) since the previous Friday's close. Out of the 20 assets in the index, eleven are trading higher. Leading the gains are UNI with a 7.9% increase and NEAR with a 5.0% rise. On the other hand, APT and RENDER are the laggards, with declines of 7.2% and 4.7%, respectively. The CoinDesk 20 is a comprehensive index that is traded on multiple platforms across various regions globally.#CoinDesk20 #UNI #NEAR #cryptocurrency #index #gains #APT #RENDER #trading