Top Fundraising Rounds conducted in October
Projects that received the most funding are Praxis, ($525M), a decentralized network state platform, Blockstream ($210M), a Bitcoin-focused blockchain technology company, and Azra Games ($42.7M), an RPG gaming studio.
Gull Network (GULL) will hold its initial listing on Gate on Nov 5
GULL token initial price is $0.03. Initial Market Cap is $1.38M. Diluted Valuation is $15.0M. Gull Network is a Layer 1 AI Infrastructure. It is launching with a DEX, and plans to expand with tools like an AI token launcher, AI-generated memes, and more.
👉 x.com/Gateio_Startup/status/1852894913681035737
Off the Grid has released the biggest ever content pack
It introduces new character skins inspired by Donald Trump & Kamala Harris, features voice clips, and references the candidates' policies. The timing coincides with US presidential election on Nov 5.
Gunzilla Games is a developer of the AAA Battle Royale “Off The Grid” & gaming-focused blockchain GUNZ. Previously, it raised $76M in funding backed by CoinFund, Morningstar Ventures, and others.
👉 x.com/playoffthegrid/status/1852390401971294615
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.39T (-1.58%)
BTC Price: $68,546 (+0.39%)
BTC Dominance: 56.8% (+0.10%)
Fear & Greed Index: 70 (Greed)
Total Value Locked: $138B (-0.49%)
MAJOR UPCOMING EVENTS IN NOVEMBER!
A full list of Major Upcoming Events, to be updated
👉 https://cryptodiffer.com/events
Ethereum (ETH) DeFi Ecosystem Overview
Ethereum DeFi ecosystem has shown significant growth, reaching a total TVL of $100.8B, up 8.83% in the last 30 days. Leading the ecosystem are Lido ($24.7B), Aave ($19.8B), and EigenLayer ($11.5B).
TON Foundation introduced a new governance model called Society DAO
Society DAO seeks to establish open-source access to capital, allowing community projects to earn resources and receive rewards for achieving key performance indicators (KPIs). The Society DAO includes four founding members: TON Core, TON Society, Telegram Wallet, TON Studio.
👉 blog.ton.org/ton-s-path-to-decentralization-the-evolution-of-the-governance-model
M2 crypto exchange was hacked yesterday for $13.7M
The funds were drained from hot wallets on multiple chains, with specific theft addresses noted for Ethereum, Bitcoin, and Solana. Founded in 2022, M2 is a global crypto investment platform, catering to institutional and retail investors with emphasis on regulation.
👉 x.com/M2Exchange/status/1852129490656268320
Gunzilla Games (GUN) has received an investment from VanEck
It's the second bet on Web3 gaming by VanEck's liquid token strategy fund. Gunzilla is a developer of the AAA Battle Royale “Off The Grid”. Previously, Off the Grid nabbed the #1 slot on Epic Games surpassing some of the biggest names in the free-to-play genre.
👉 cointelegraph.com/news/vaneck-invests-web3-gaming-startup-gunzilla
Binance has completed 29th BNB Quarterly Burning!
1,772,712 BNB (worth ~$1.07 billion) has been burned!
👉 bnbchain.org/en/blog/29th-bnb-burn
Ellipsis Labs raised $20M from Haun Ventures to launch an Atlas L2
Ellipsis Labs builds apps and infrastructure to create a sustainable foundation for finance. Ellipsis is best known as the builder of Phoenix, the popular orderbook-style exchange on Solana. Previously, Ellipsis closed a $20M Series A round led by Paradigm.
👉 coindesk.com/tech/2024/10/31/ellipsis-labs-raises-20m-from-haun-ventures-to-launch-verifiable-finance-blockchain-atlas
Top-15 Cross-Chain Bridges by Volume in October
A cross-chain bridge is a decentralized application that enables the transfer of assets from one blockchain to another.
=nil; Foundation announced the launch of its public Testnet V1
The Testnet V1.0 includes several protocol upgrades, DevEx improvements, and examples of network usecases. The Testnet is now live and available for public users. Additionally, =nil; announced 2 more Testnet releases before Mainnet launch in 2025.
👉 x.com/nil_foundation/status/1851626471481368646
Top-15 Price Gainers in October
Among the top performers are Virtuals Protocol, an AI x Metaverse Protocol that is building the future of virtual interactions, SPX6900, a meme token inspired by the superior perfomance of S&P500 index, and EtherVista, a DEX that optimizes liquidity provision.
GraFun has joined the season 8 of Binance Labs MVB Program
GraFun is a Memecoin Launchpad and trading platform on BNB Chain that introduces a Fair Curve feature aimed at promoting fair launches and long-term investment in memecoins.
👉 x.com/GraFunLabs/status/1851568220940943498
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.
👉 https://app.orioleinsights.io/projects
SafePal (SFP) launched the Mini App wallet on Telegram
SafePal’s new crypto wallet allows users to create “fully compliant bank accounts” featuring principles of CeDeFi and offering transactions with a digital crypto Visa card. SafePal provides a comprehensive suite of secure crypto management solutions.
👉 cointelegraph.com/news/safepal-telegram-crypto-wallet-visa-card
Projects that will hold its initial listing next week
Presenting the list of the anticipated projects that have already announced their initial listing and plan to enter the crypto market within the next 7 days. The list includes BBQCoin, Legend of Arcadia, Gull Network, bitSmiley, Credbull and RoOLZ.
Crypto Events Recap, October 31 - November 1
👉 cryptodiffer.com/feed/project-updates/crypto-events-recap-october-31-november-1-2024
bitSmiley (SMILE) farming is now live on KuCoin GemPool
KuCoin users can farm SMILE by staking KCS, and USDT till November 5. Tokens Allocated - 630,000 SMILE. bitSmiley is a stablecoin, lending, and derivatives protocol for BTC ecosystem.
👉 kucoin.com/announcement/en-introducing-bitsmiley-token-smile-on-kucoin-gempool
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.
👉 https://app.orioleinsights.io/projects
Top-15 Total Value Locked (TVL) gainers in October
Among the top performers are Dragon Swap V3, the native DeFi Hub on Sei Network, CrossCurve, a cross-chain trading and yield protocol built on Curve, and Cygnus Restake, a decentralized and non-custodial cross-chain restaking protocol.
Injective (INJ) unveiled its first native stablecoin - AUSD
The launch of AUSD on Injective enables ecosystem dApps such as DEXs, staking & lending protocols, and others to adopt the stablecoin into their solutions seamlessly. Injective is an open, interoperable Layer 1 specifically tailored for DeFi applications.
👉 blog.injective.com/en/agora-to-launch-native-us-dollar-stablecoin-on-injective/
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.43T (-5.37%)
BTC Price: $69,330 (-3.97%)
BTC Dominance: 56.4% (+0.20%)
Fear & Greed Index: 75 (Greed)
Total Value Locked: $140B (-5.13%)
Citrea announced the closure of its $14 million Series A funding
The Series A funding was led by Founders Fund with participation from Maven11, Mirana, dao5, Erik Voorhees, Balaji Srinivasan, Nikil Viswanathan, Mert Mumtaz, Jameson Lopp, and other angel investors. Citrea is a Bitcoin zero-knowledge rollup.
👉 blog.citrea.xyz/announcing-citrea-series-a-round
Ethereum-based solar project Glow Labs raised $30 million in funding
Among the round investors are Framework Ventures and Union Square Ventures. The company secured $6.5 million to help fund Glow’s operations in addition to $23.5 million, which will support the expansion of solar farms in India.
👉 theblock.co/post/323935/ethereum-based-solar-project-glow-raises-30-million-in-funding-round-led-by-framework
bitSmiley (SMILE) farming is now live Bybit Launchpool
The Launchpool event will last till November 5. During this period, users can stake USDT and MNT to obtain a share of 2,100,000 SMILE. bitSmiley is a stablecoin, lending and derivatives protocol on Bitcoin, enabling users to mint bitUSD, an over-collateralized stablecoin.
👉 announcements.bybit.com/article/bybit-launchpool-stake-usdt-or-mnt-to-earn-a-share-of-2-100-000-smile--blt6c4211f2367f4b36/
FTX sues KuCoin to recover over $50M in locked assets
Alameda Research, the FTX subsidiary, claims KuCoin refused to release frozen assets now worth over $50M, up from an initial $28M, despite several communications. Previously, FTX dropped the similar lawsuit against Bybit exchange in a $228M settlement.
👉 cointelegraph.com/news/ftx-estate-sues-kucoin-recover-assets
Coinbase announces the $1 billion share buyback
Coinbase also claims its balance sheet is "strong" as the company ended the third quarter with $8.2B in resources, an increase of $417M from the previous quarter. The net income grew to $75M in this most recent quarter versus $36M in the second quarter.
👉 theblock.co/post/323819/coinbase-announces-1-billion-share-buyback-as-it-reports-q3-earnings