Crypto Events Recap, September 26-27
👉 cryptodiffer.com/feed/project-updates/crypto-events-recap-september-26-27-2024
Changpeng Zhao (CZ) released from federal prison after 4 months term
CZ has been in federal custody after agreeing to return to the US from Dubai to serve a four-month sentence for failing to implement proper anti-money laundering controls at Binance. BNB saw a 2% price increase following CZ’s release.
👉 fortune.com/crypto/2024/09/26/cz-changpeng-zhao-crypto-release-date-binance-founder
Mind Network raised $10 million in a Pre-A funding round
Investors in the round include Animoca Brands, Arkstream Capital, Cogitent VC, MH Ventures, Moonhill Capital, SwissBorg, IBC Group, Master VC, and others. Mind Network is a Fully Homomorphic Encryption (FHE) layer for AI and Proof-of-Stake (POS) Networks.
👉 mindnetwork.medium.com/mind-network-secures-10-million-in-pre-a-round-funding-to-continually-build-fhe-fully-homomorphic-7f204994c4ba
Mawari Network raised $10.8M in a Strategic funding round
The round is led by Anfield Ltd, Borderless Capital and 1kx, with participation from Samsung Next, Animoca, Blockchange Ventures and Draper Dragon among others. Mawari is a Solana-based DePIN project focused on scaling spatial computing.
👉 x.com/mawariXR/status/1839355480914927853
Degen Distillery (DRINK) will hold its IDO on Poolz on Sep 30th
DRINK sale price is $0.018. Vesting: 20% unlock at TGE followed by 1M cliff and 6M vesting. Diluted Valuation is $12.978M. Degen Distillery is one of the fastest-growing spirits brands. Through its distribution model, it's leading the way in RWAs & consumer crypto.
👉 poolz.finance/project-details/about/255
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
GraFun launches its Memecoin Launchpad and trading platform on BNB Chain
GraFun introduces a Fair Curve mechanism aimed at promoting fair launches and long-term investment in memecoins. The project is supportes by Floki, BNB Chain, DeXe Protocol, DWF Labs. Floki will receive 40% ownership of GraFun and 40% of launchpad revenue.
👉 coindesk.com/tech/2024/09/27/grafun-supported-by-floki-and-dwf-labs-brings-memecoin-frenzy-to-bnb-chain
TOP NFT SALES CONDUCTED IN SEPTEMBER
The Top NFT sales list includes CryptoPunks, Bored Ape Yacht Club, and Autoglyphs collections. The most expensive NFT sale accounted for (620 ETH) ($1.52M).
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
Top-15 Monthly Social Volume Gainers
Social Volume refers to the overall count of social media messages, posts, and metadata from the internet that include terms related to a specific cryptocurrency project.
Trust Wallet (TWT) unveiled plans to launch Trust Launchpool
While the team has yet to provide details about the product or its features, it emphasized that the launch is expected to happen in the near future. Trust Wallet is a non-custodial multichain crypto wallet.
👉 x.com/TrustWallet/status/1839274792127500599
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