🚀 Ethereum Scaling Solution T1 Protocol Secures $2.5 Million Pre-Seed Funding
#Ethereum #T1Protocol #ScalingSolution #PreSeedFunding #a16z #Crypto #Investment #Blockchain #Scalability #ETHGlobal
According to Odaily, Ethereum scaling solution T1 Protocol has successfully raised $2.5 million in a pre-seed funding round. The investment was led by a16z Crypto Startup School (CSX), with participation from Espresso, Frax, CowSwap, ETHGlobal, ENSO, INJECTIVE, and angel investors Guy Wuollet, Ali Yahya, and Eric Chen. The T1 Protocol aims to enhance Ethereum's scalability by providing rapid finality and supporting real-time proof generation to unify the Ethereum network.#Ethereum #T1Protocol #ScalingSolution #PreSeedFunding #a16z #Crypto #Investment #Blockchain #Scalability #ETHGlobal
🚀 Asian Markets Open Higher On September 10
#AsianMarkets #Nikkei225 #KOSPI #StockMarket #September10
According to Odaily, the Nikkei 225 Index opened higher on Tuesday, September 10, rising by 106.72 points, or 0.29%, to reach 36,322.47 points. Similarly, South Korea's KOSPI Index also saw an increase, opening up by 7.71 points, or 0.30%, to 2,543.64 points.#AsianMarkets #Nikkei225 #KOSPI #StockMarket #September10
🚀 Federal Reserve's September Rate Cut Probabilities Analyzed
#FederalReserve #RateCut #CME #FedWatch #September #InterestRates #Economy #Finance
According to Odaily, the CME's 'FedWatch' tool indicates a 70% probability of a 25 basis point rate cut by the Federal Reserve in September, while the likelihood of a 50 basis point cut stands at 30%. By November, the cumulative probability of a 50 basis point rate cut is 28.5%, a 75 basis point cut is 53.7%, and a 100 basis point cut is 17.8%.#FederalReserve #RateCut #CME #FedWatch #September #InterestRates #Economy #Finance
🚀 Friend.tech Confirms No Plans to Halt Web Application
#Friendtech #WebApplication #Blockchain #SmartContracts #Base #CryptoNews
According to BlockBeats, on September 10, friend.tech announced on social media that it has no plans to close or stop its web application. The company has ensured through code parameters that there will be no future changes to the smart contracts deployed on Base, which could increase or generate new fees. This operation will not affect the current functionality of the friend.tech web application in any way.#Friendtech #WebApplication #Blockchain #SmartContracts #Base #CryptoNews
🚀 Friend.tech Addresses Community Concerns, Ensures Continued Operation
#FriendTech #CommunityConcerns #SmartContracts #ApplicationUpdate #UserReassurance #Blockchain #Base
According to Odaily, the official friend.tech team has addressed community concerns regarding the application's future. In a recent post on the X platform, the team clarified several points to reassure users. Firstly, they confirmed that there are no plans to shut down or halt the friend.tech website application. Secondly, the team explained that their previous action of relinquishing contract permissions was primarily to ensure that no future changes could be made to the smart contracts deployed on Base, which might introduce new fees or increase existing ones. Lastly, they assured users that these actions would not affect the current functionality of the friend.tech website application. Everything that users know and use will remain unchanged.#FriendTech #CommunityConcerns #SmartContracts #ApplicationUpdate #UserReassurance #Blockchain #Base
🚀 Apple Unveils iPhone 16 Series at 2024 Fall Event
#Apple #iPhone16 #FallEvent #iPhone15 #iPhone15Plus #iPhone15Pro
According to Odaily, Apple introduced the iPhone 16 series at its 2024 Fall Event on September 10 at 1 AM UTC+8. A search on Apple's official website reveals that only the iPhone 15 and 15 Plus models are currently available for purchase, while the iPhone 15 Pro series has been removed from the site.#Apple #iPhone16 #FallEvent #iPhone15 #iPhone15Plus #iPhone15Pro
🚀 Pump.fun Issues Warning to US Users Amid Potential Access Restrictions
#PumpFun #USA #AccessRestrictions #RegulatoryScrutiny #UserAdvisory #OnlineServices #PublicServiceAnnouncement #SensitiveUsers #MonitoringUpdates
According to Odaily, the official account of pump.fun on the X platform has issued a public service announcement (PSA) advising sensitive American users to avoid accessing the platform in the next 48 hours. The message, which hints at an impending storm, suggests that the platform may face regulatory scrutiny and access restrictions in the United States.
The announcement has raised concerns among users about the potential impact of these restrictions on their ability to use the platform. While the exact nature of the regulatory actions remains unclear, the warning indicates that significant changes could be imminent for American users of pump.fun. The platform's advisory underscores the importance of staying informed about regulatory developments and their potential implications for online services.
As the situation unfolds, users are encouraged to monitor updates from pump.fun and other reliable sources to understand the full scope of the potential restrictions. The platform's proactive communication aims to prepare its user base for any disruptions that may arise due to regulatory actions in the United States.#PumpFun #USA #AccessRestrictions #RegulatoryScrutiny #UserAdvisory #OnlineServices #PublicServiceAnnouncement #SensitiveUsers #MonitoringUpdates
🚀 Bitcoin Shows Potential For Short-Term Rebound Amid Market Challenges
#Bitcoin #BTC #cryptocurrency #trading #marketanalysis #rebound #onchainanalysis #bullmarket #macroeconomics #traders
According to BlockBeats, on September 10, 10x Research shared on social media that two out of three reversal indicators for Bitcoin (BTC) have recovered from deeply oversold levels, indicating potential for a short-term rebound. Despite the absence of a clear bull market, trading Bitcoin in the current environment has become more challenging. On-chain analysis suggests that bull market cycles have shortened. However, disciplined traders who can accurately predict macroeconomic events and adapt to the evolving Bitcoin market structure still have opportunities.#Bitcoin #BTC #cryptocurrency #trading #marketanalysis #rebound #onchainanalysis #bullmarket #macroeconomics #traders
🚀 SpaceX Plans September Launch For Polaris Dawn Mission
#SpaceX #PolarisDawn #Spacewalk #PrivateSpaceflight #MissionLaunch
According to Odaily, SpaceX is scheduled to launch the Polaris Dawn mission on September 10. This mission aims to conduct the first private spacewalk with four American citizens on board. Previous attempts to launch Polaris Dawn in late August were unsuccessful due to ground system issues at the launch site and weather delays.#SpaceX #PolarisDawn #Spacewalk #PrivateSpaceflight #MissionLaunch
🚀 Sushi Delays Launch Of New Meme Token Dojo To September 17
#Sushi #MemeToken #Dojo #LaunchDelay #Crypto
According to Odaily, Sushi has announced a one-week delay in the launch of its new meme token product, Dojo. The new release date is set for September 17.#Sushi #MemeToken #Dojo #LaunchDelay #Crypto
🚀 Cryptocurrency Investment Funds Surge Since 2018
#Cryptocurrency #InvestmentFunds #Bitcoin #ETFs #VentureCapital #FundsGrowth #CryptoInvesting #FinancialTrends
According to Odaily, in 2018, there were only about 50 funds focused on cryptocurrency investments. Today, that number has grown to over 1,150. In comparison, the United States alone has approximately 4,000 registered hedge funds, and globally, there are around 30,000. From 2018 to 2023, cryptocurrency ventures raised over $72 billion, while general venture capital in the U.S. raised over $600 billion during the same period. Despite the significant tilt towards traditional venture capital, this trend is also evident in early-stage investments in technology and other industries.
Although there are high expectations for 2024, particularly regarding the Bitcoin spot ETF and its early performance, this year appears to be more of a transitional period. It is crucial not to compare this cycle with previous ones, as the landscape has changed significantly.#Cryptocurrency #InvestmentFunds #Bitcoin #ETFs #VentureCapital #FundsGrowth #CryptoInvesting #FinancialTrends
🚀 Polymarket Sees Record Trading Volume and Traffic in September
#Polymarket #TradingVolume #PredictionMarket #ElectionBetting #RecordTraffic #OpenContracts #Similarweb #Kalshi #Predictit #MarketTrends
According to Odaily, as of September 9, the prediction market platform Polymarket has achieved a trading volume of $137.3 million, surpassing the total trading volume of June this year, which was $111.56 million, and all previous months combined. On September 6, Polymarket recorded its highest daily trading volume in the past three months, reaching $34 million. In August, the platform's total trading volume amounted to $472 million. This week, approximately 75% of Polymarket's trading volume came from election betting. Additionally, Polymarket's open contracts have set a record, exceeding $120 million. Similarweb statistics indicate that Polymarket.com is ranked 5097 globally and 1666 in the United States. Over the past 30 days, the website has attracted 13.8 million visits. This month, Polymarket's traffic has surpassed that of its competitor Kalshi.com, which had 227,000 visits. Polymarket also leads in ranking and global traffic compared to another prediction market, predictit.org, which is ranked 10,457 globally and 2,041 in the United States, with 6.9 million visits last month.#Polymarket #TradingVolume #PredictionMarket #ElectionBetting #RecordTraffic #OpenContracts #Similarweb #Kalshi #Predictit #MarketTrends
🚀 SpaceX Schedules First Human Commercial Spacewalk
#SpaceX #ElonMusk #humancommercialspacewalk #mission #spacewalk
According to Odaily, Elon Musk announced on the X platform that SpaceX is set to launch its first human commercial spacewalk. The mission is scheduled for tomorrow morning, U.S. time.#SpaceX #ElonMusk #humancommercialspacewalk #mission #spacewalk
🚀 Ethereum Foundation Hires New Team Members To Support Development Initiatives
#Ethereum #EthereumFoundation #ProtocolSupport #TimBeiko #AllCoreDevs #EthereumProtocolFellowship #SummmerOfProtocols #hiring #developmentinitiatives #ETH
According to Odaily, Ethereum core developer Tim Beiko announced on X that the Ethereum Foundation's Protocol Support team has hired two new employees, nixo.eth and Sophia Gold. These new hires will assist with various initiatives, including the AllCoreDevs meetings, the Ethereum Protocol Fellowship, and the Summer of Protocols research grant program. Beiko noted that this is the first recruitment by the team in several years.#Ethereum #EthereumFoundation #ProtocolSupport #TimBeiko #AllCoreDevs #EthereumProtocolFellowship #SummmerOfProtocols #hiring #developmentinitiatives #ETH
🚀 Oasys Partners With SK Planet To Expand In South Korea
#Oasys #SKPlanet #blockchain #gaming #SouthKorea #validatornode #OASTokens #digitalwallet #UPTNStation #partnership
According to Foresight News, Japanese blockchain gaming company Oasys has announced a partnership with South Korean telecom giant SK Telecom's subsidiary, SK Planet, to expand its operations in South Korea. As part of this collaboration, SK Planet will become a validator node for Oasys. Users will soon be able to stake OAS tokens directly from their wallets to the SK Planet node. Additionally, SK Planet's digital wallet, UPTN Station, will integrate with Oasys Hub.#Oasys #SKPlanet #blockchain #gaming #SouthKorea #validatornode #OASTokens #digitalwallet #UPTNStation #partnership
🚀 Compass Mining Expands Operations With New Iowa Facility
#CompassMining #BitcoinMining #Iowa #MiningExpansion #Cryptocurrency #Blockchain #DataCenters #PowerManagement #USMining #Bitcoin #BTC
According to Odaily, Compass Mining has activated 3,000 Bitcoin mining machines at its newly partnered hosting facility in Iowa. The company plans to install an additional 1,000 machines by the end of September, increasing the facility's capacity by 12.5 megawatts (MW). This expansion is part of Compass Mining's broader strategy to grow its operations. By the end of 2024, the company aims to manage approximately 30 MW of power across various locations in the United States, including Indiana, Ohio, Nebraska, and Texas. The Iowa facility currently supports 1,600 customers, who now have the option to deploy their machines at the 'Iowa 3' site.#CompassMining #BitcoinMining #Iowa #MiningExpansion #Cryptocurrency #Blockchain #DataCenters #PowerManagement #USMining #Bitcoin #BTC
🚀 Blocksense Secures $4 Million in Seed Funding Led by Permutation
#Blocksense #SeedFunding #Permutation #CryptoStartup #ZkRollup #OracleSolution #Decentralization #DataFeeds #Staking #Blockchain
According to Odaily, Blocksense has successfully raised $4 million in a seed funding round led by Permutation. The round also saw participation from a16z's Crypto Startup Accelerator (CSX), Scott Moore, Public Works, Tykhe Block Ventures, Selini Capital, and MH Ventures. Blocksense is developing an oracle solution based on Zk Rollup technology, which aims to reduce high costs by tightly packaging data blocks, introduce a transparent fee model, and provide fully decentralized, permissionless data feeds. The solution is designed to revolutionize oracle networks by allowing anyone to become a data provider on the network through staking BlockSense tokens. Nodes will automatically execute all reporting tasks by obtaining the appropriate oracle scripts and broadcasting their results to the BlockSense network.#Blocksense #SeedFunding #Permutation #CryptoStartup #ZkRollup #OracleSolution #Decentralization #DataFeeds #Staking #Blockchain
🚀 North Carolina Bans Federal Reserve-Issued CBDC
#NorthCarolina #CBDC #FederalReserve #DigitalCurrency #Legislation #HouseBill690 #GovernorCooper #Blockchain #PartisanPolitics #EconomicPolicy #FinancialRegulation #AntiSurveillance #SenateVote
According to Cointelegraph, North Carolina’s General Assembly has passed a bill prohibiting the state from implementing a United States Federal Reserve-issued central bank digital currency (CBDC). The Senate overrode a veto by Governor Roy Cooper, with a 27-17 vote on September 9, narrowly surpassing the 60% majority needed to pass House Bill 690 into law.
The bill forbids North Carolina from accepting CBDCs as a form of payment and prohibits participation in future CBDC tests conducted by any Federal Reserve branch. This legislative move follows a 73-41 vote in the House to overturn Cooper’s veto in early August. Cooper’s initial veto on July 5 came after a lopsided 109-4 vote in the House and a 39-5 vote in the Senate a month earlier. The latest Senate vote saw 12 Democrats who initially supported the bill flipping to support Cooper’s veto, resulting in no Senate Democrats voting to pass the bill this time.
Mitchell Askew, head analyst at Blockware Solutions, expressed his amazement at seeing CBDCs officially banned in his native state but was displeased with the Senate vote outcome. He suggested that the 12 Democrats flipping their position confirmed his hypothesis that the veto was due to partisan politics. Dan Spuller, head of industry affairs at the Blockchain Association, stated in a September 9 post that Cooper’s veto missed an opportunity to send a united message against CBDCs to the Federal Reserve.
Governor Cooper’s office did not immediately respond to a request for comment on the bill’s passing. While the Federal Reserve has researched CBDCs, Chair Jerome Powell stated on July 31 that there is no significant progress on a US-issued CBDC. At a federal Senate Banking Committee hearing in March, Powell mentioned that the US was far from recommending or adopting a central bank digital currency in any form. Despite these assurances, the US House passed the CBDC Anti-Surveillance State Act in May, and a companion bill has been introduced to the Senate by Senator Ted Cruz.#NorthCarolina #CBDC #FederalReserve #DigitalCurrency #Legislation #HouseBill690 #GovernorCooper #Blockchain #PartisanPolitics #EconomicPolicy #FinancialRegulation #AntiSurveillance #SenateVote
🚀 Bitcoin Node Rankings Show German IP Addresses Leading
#Bitcoin #NodeRankings #Germany #Cryptocurrency #Blockchain #BTC
According to Odaily, HODL15 Capital announced on the X platform that the latest Bitcoin node rankings reveal a significant presence of German IP addresses. Specifically, three out of the top eight Bitcoin nodes are located in Germany.#Bitcoin #NodeRankings #Germany #Cryptocurrency #Blockchain #BTC
🚀 Aave Launches Dedicated Market for Ether.fi weETH
#Aave #weETH #etherfi #blockchain #stablecoins #Lido
According to Foresight News, Aave has announced the deployment of a dedicated market for ether.fi weETH on the blockchain. Users can now borrow stablecoins using weETH. This follows the launch of a similar dedicated instance for Lido last month.#Aave #weETH #etherfi #blockchain #stablecoins #Lido