Terrace has closed a $4.7M Seed funding round
Hack VC led the round. Among other investors participating are Y Combinator, HashKey Capital, Cathexis Ventures, and more. Terrace offers access to both centralized and decentralized exchanges through a single, comprehensive trading platform.
👉 x.com/terrace_fi/status/1839366066692382754
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.41T (+1.46%)
BTC Price: $65,672 (+3.05%)
BTC Dominance: 53.7% (0.00%)
Fear & Greed Index: 61 (Greed)
Total Value Locked: $143B (+2.35%)
Top 15 Staking Providers by Total Assets Under Management
The ranking shows the cumulative worth of all the assets entrusted to the provider's management, encompassing various forms of staking and delegation activities. A higher AUM (Assets Under Management) suggests substantial user trust, while a lover AUM might indicate a more specialized or selective approach.
Truflation hacked for about $5 million from treasury multisig and personal wallets
Coinbase Ventures-backed project Truflation was hacked for $5M+ on multiple chains. Truflation reported that it had detected abnormal activity and suffered a malware attack.
👉 theblock.co/post/318209/coinbase-ventures-backed-truflation-hacked-for-about-5-million-says-zachxbt
Fusionist (ACE) launches its Planet Launchpad Phase 1
The Planet Launchpad will offer 6,000 planet blind boxes as NFT, each granting a randomly assigned T1-T5 planet. Users can participate in the event by staking ACE, wbACE, or USDC. Planet holders will gain access to play the Fusionist game in October.
👉 x.com/fusionistio/status/1837009932362862813
Top-15 tokens by Current ROI launched in Q3 2024
Among the top performers are Simon's Cat, a memecoin backed by full IP rights from the iconic Simon's Cat brand, Eigenpie, a Liquid Restaking Platform, and Cellana Finance, a community-owned decentralized exchange and liquidity layer on Aptos.
Visa has rolled out Visa Tokenized Asset Platform (VTAP)
VTAP enables the development of fiat-backed tokens powered by smart contracts. Spanish bank BBVA will become the first financial institution to use the platform. Earlier this month, Visa became a partner of Brazil's central bank in its CBDC pilot.
👉 coindesk.com/business/2024/09/25/visa-to-help-banks-issue-fiat-backed-tokens-on-ethereum-via-new-tokenized-asset-platform/
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.35T (+0.36%)
BTC Price: $63,774 (-0.12%)
BTC Dominance: 53.7% (-0.20%)
Fear & Greed Index: 50 (Neutral)
Total Value Locked: $140B (-0.62%)
Farcaster announced the launch of its Mini Apps
Developers can now use frames to launch full-functional web apps within the mobile app. Frames are a way to build interactive apps that run directly in a Farcaster social feed. Farcaster is an innovative, open-source, decentralized social network
👉 x.com/dwr/status/1838666019788984692
Binance launches a Pre-Market spot trading service with actual tokens
The Pre-Market will allow users to take early positions before a token's official launch. The pre-market projects will be announced separately from selected upcoming Launchpool projects.
👉 binance.com/en/support/announcement/binance-launches-pre-market-exclusive-offering-for-users
Top 15 projects by positive market sentiment on Oriole Insights
Oriole Insights is a gamified prediction platform harnessing collective wisdom. The list of projects by Bullish expectations with a minimum of 50 predictions and 500 ORI pooled.
👉 app.orioleinsights.io/projects
ZKsync (ZK) to be listed on Coinbase today, on September 25th
Coinbase began accepting inbound transfers of ZK. Trading will commence on or after 16:00 UTC, if liquidity conditions are met. ZKsync is a Layer 2 for scalable low-cost payments on Ethereum.
👉 x.com/CoinbaseAssets/status/1838681189139337696
Treasure DAO approves migration to ZKsync with Mainnet launch in coming months
The proposal outlined plans to launch the Treasure chain as a Layer 2 leveraging ZKsync’s ZK Stack technology instead of Arbitrum Orbit as previously planned. Mainnet is scheduled to launch within the next 1.5 to 2 months.
👉 theblock.co/post/317789/treasure-dao-approves-migration-to-zksync-eyes-mainnet-launch-within-two-months
Polymarket is seeking $50 million in fresh funding, hints at potential token launch
Investors in the round will receive token warrants, which grant them right to purchase tokens if Polymarket launches them later. In May, Polymarket raised $45 million in funding from Founders Fund, 1confirmation, ParaFi, Vitalik Buterin, Dragonfly, Kevin Hartz.
👉 theblock.co/post/317782/polymarket-considers-token-launch-to-raise-over-50-million-report
XION (XION) rolled out its Chain Abstraction for Sei (SEI)
The integration allows users to seamlessly interact with apps across both ecosystems without the need to grapple with the complexities typically associated with Web3. XION is the L1 purpose-built for mainstream adoption through Generalized Abstraction.
👉 twitter.com/burnt_xion/status/1839323542648996071
Avalanche Foundation has rolled out a $40 million Ecosystem Developers Grant program
The Retro9000 is a grant program to bolster the development of new protocols in the AVAX ecosystem. Retro9000 will reward developers who build L1 chains and critical developer tooling on the Avalanche9000 Testnet, its most recent upgrade.
👉 coindesk.com/tech/2024/09/26/avalanche-unveils-40m-grant-program-ahead-of-avalanche9000-upgrade
Ethena to launch new stablecoin backed by BlackRock's tokenized BUIDL fund
Ethena is set to launch a new stablecoin, UStb, in collaboration with the real-world asset tokenization platform Securitize. UStb will be an independent product, offering an alternative and different risk profile compared to Ethena’s existing USDe stablecoin.
👉 theblock.co/post/318297/ethena-ustb-stablecoin-blackrock-buidl-securitize
Performance of the recent Binance Launchpool projects
Humster Combat (HMSTR) trading went live on the Binance exchange following the Launchpool event. Let's have a look and compare the token metrics of the latest projects launched via Binance Launchpool.
ChainGPT and Binance Web3 Wallet have launched a 500K CGPT campaign
To join the campaign users have to connect Binance Web3 MPC wallet and complete quests. Activities include following ChainGPT on Telegram and Twitter, joining ChainGPT's new clicker game, TapCGPT, and trying ChainGPT AI Chatbot.
👉 x.com/Chain_GPT/status/1838858928307818868
Infinex raised $65.29M in a Patron NFTs sale
Investors in the round include Wintermute, Framework Ventures, Bodhi Ventures, Wormhole, Breyer Capital, Solana Ventures and Pyth among others. Infinex is a decentralized perpetuals exchange created by Kain Warwick (Synthetix Founder).
👉 x.com/infinex_app/status/1838730410710446144
Gunzilla Games has received funding from Delphi Ventures
Along with the funding, Delphi Ventures has become the largest Validator Node operator of Gunzilla’s gamer-first ecosystem and blockchain platform GUNZ. Gunzilla Games is a developer of the AAA Battle Royale “Off The Grid”.
👉 gunzillagames.com/en/news/58-Gunzilla-Games-Announces-Delphi-Ventures-as-GUNZ-Blockchain-s-Largest-Validator
Crypto Events Recap, September 24-25
👉 cryptodiffer.com/feed/project-updates/crypto-events-recap-september-24-25-2024
Initia raised $14 million in Series A funding at a $350 million valuation
Theory Ventures led the Series A funding round with participation from Delphi Ventures, Hack VC, and angel investors such as Keone Hon (Monad Labs), Bryan Pellegrino (LayerZero Labs), Jordi Alexander (Selini Capital), and Michael Egorov (Curve Finance).
👉 theblock.co/post/318102/initia-funding-token-valuation
Sonic Labs (S) announced its mainnet launch in December
Mainnet will introduce various features, such as up to 90% gas rebates, a native stablecoin and funding opportunities through Sonic BOOM and the innovator fund. There will also be a 200 million token airdrop. Fantom rebranded to Sonic this August.
👉 x.com/AndreCronjeTech/status/1838767816436257274
zkLink (ZKL) gets listed on HTX today, on September 25th
The ZKL token trading will commence at 11:00 AM UTC under ZKL/USDT trading pair. Deposits are now open. zkLink is a multi-chain Layer 3 rollup infrastructure that uses ZK technology to unify fragmented liquidity and simplify DApp development.
👉 htx.com/support/104981556873888
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.34T (+0.74%)
BTC Price: $63,832 (+0.32%)
BTC Dominance: 53.9% (0.00%)
Fear & Greed Index: 59 (Neutral)
Total Value Locked: $141B (+1.34%)
Fuel Network announced the second phase of its Point Program
In Phase 2, users can earn rewards by interacting with Fuel dApps such as Mira, Spark, Griffy, SwayLend, and Fluid Protocol. The Phase 2 includes activity, gas, and passive points. Participants of Phase 1 will receive a 1.25x Multiplier on activity and gas points.
👉 x.com/fuel_network/status/1838203437692961163