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- We are here to help the crypto community and provide the recent crypto news and market analysis by the experts. We have been in the market since 2013. ⚡️ Owner: @napoleon
Bitcoin-backed stablecoin developer Yala raises $8 million in seed funding — link | tl;dr : unfolded. DeFi
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FUN FACT: 🇺🇸 BlackRock, MicroStrategy, and Grayscale each all own more #Bitcoin than the US government 👀 : Bitcoin
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Uniswap Labs announced the launch of Unichain, the Ethereum Layer-2 network. Unichain will leverage Optimism's OP Stack technology and become part of its Superchain ecosystem. Unichain is expected to launch a testnet on October 10, and the team plans to introduce a community verification network in 2025 to increase the level of network decentralization by staking UNI. — link : Wu Blockchain News
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Assassin’s Creed developer Ubisoft launches first crypto video game 'Champions Tactics' — link | tl;dr : unfolded. DeFi
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The U.S. core CPI annual rate in September was 3.3%, expected to be 3.2%, and the previous value was 3.20%. The U.S. CPI annual rate in September was 2.4%, expected to be 2.3%, and the previous value was 2.50%. : Wu Blockchain News
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September CPI
*MoM: 0.2% [Est. 0.1%, Prev. 0.2%]
*YoY: 2.4% [Est. 2.3%, Prev. 2.5%]
*Core MoM: 0.3% [Est. 0.2%, Prev. 0.3%] ⚠️
*Core YoY: 3.3% [Est. 3.2%, Prev. 3.2%] : infinityhedge
QCP: Yesterday’s Fed meeting minutes revealed a less dovish tone. Combined with last Friday’s strong payroll data, market has increased their bets of a 25bps rate cut in November to 83.7% chance from 67.9% last week. While US equities indices rallied last night with the S&P 500 notching a new high, the same level of optimism was not seen in crypto as selling pressures reignited, possibly due to news of more Silk Road BTC selling and PlusToken ETH selling. — link : Wu Blockchain News
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According to DefiLlama, Bitcoin staking protocol Solv has surpassed $470 million in TVL on Bitcoin mainnet, ranking first and exceeding the second-place Lightning Network, which has a TVL of $310 million. Recently, Solv Protocol officially released an industry-leading staking abstraction layer technology solution, enhancing the standardization and interoperability of the Bitcoin staking ecosystem. — link : Wu Blockchain News
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Bitget Exchange announced that it will update the listing standards and focus on evaluating FDV, financing background, token unlocking schedule, and financial, security, compliance, political and ethical risks. For tokens in circulation, it will focus on on-chain data analysis and the comparison between 24-hour trading volume and FDV, smart contract security and token distribution. — link : Wu Blockchain News
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Liquid restaking and rollup platform Puffer introduces token along with community airdrop — link | tl;dr : unfolded. DeFi
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$16 million worth of ether from PlusToken ponzi moves to exchanges, analyst expects full $1.3 billion sale to follow — link | tl;dr : unfolded. DeFi
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The Thai SEC has proposed new rules to allow mutual funds and private funds to invest in digital assets, proposing to allow securities firms and asset management companies to provide services to large investors interested in investing in crypto-related products such as ETFs. — link : Wu Blockchain News
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Aiming to curtail market manipulation and misconduct, the SEC charges 9 phony market makers and crooked promoters with fraud and warns, "Crypto market investors should be mindful that the deck may be stacked against them" - sec.gov : Leviathan News
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The whale/institution that hoarded 3,910 BTC in June and July transferred another 710 BTC to Bitfinex today, worth about $43.78 million. In the past day or so, the whale/institution has transferred a total of 1,500 BTC to Bitfinex, worth about $92.98 million. According to @EmberCN — link : Wu Blockchain News
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Gary Gensler, chairman of the U.S. SEC, said at an event at the New York University School of Law that he believes Bitcoin or other cryptocurrencies are unlikely to become a widely used means of payment and are more likely to be seen as a means of storing value. Countries generally tend to use only one currency. He also criticized fraud in the crypto industry. Many industry leaders have been imprisoned or faced extradition in 2024. The existing Howey Test is sufficient to regulate crypto assets without the need for an additional regulatory framework. — link : Wu Blockchain News
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JUST IN: 🇺🇸 SEC Commissioner admits their approach to crypto has been "a disaster for the whole industry." : Watcher Guru
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On October 9, the total net outflow of the US Bitcoin spot ETF was 40.5619 million US dollars. The total net inflow of the Ethereum spot ETF was zero, which was the third zero trading day after the launch. — link : Wu Blockchain News
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Token holder distribution of $TON has grown by 2400% this year, as the total number of TON holders now stands at 90M — link : unfolded. DeFi
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Channel 14 Israel: Biden asked not to attack nuclear or oil facilities in Iran, Netanyahu responded that it is a historic opportunity : infinityhedge
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BREAKING: 🇺🇸 US inflation falls to 2.4%, higher than expectations. : Watcher Guru
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U.S. CPI: +2.4% YEAR-OVER-YEAR (EST. +2.3%)
U.S. CORE CPI: +3.3% YEAR-OVER-YEAR (EST. +3.2%) : Tree News
Trump-linked World Liberty Financial to raise $300 million at $1.5 billion valuation: Roadmap — link | tl;dr : unfolded. DeFi
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Opinion: Why Did Trump Not Mention Ethereum and Web3 in His Speech? By @myanTokenGeek
If the United States wants to become a haven for Web3, only by allowing Web3 projects to use tokens for user incentives and governance in a natural and reasonable way, while also implementing effective regulation and cracking down on fraudsters, can Web3 have a longer growth period to develop real business flywheels. Read more — link : Wu Blockchain News
Stripe reinstates crypto payments for US businesses via USDC on Ethereum, Solana and Polygon — link | tl;dr : unfolded. DeFi
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Ripple launches crypto storage services for banks in bid to diversify — link | tl;dr : unfolded. DeFi
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ZetaChain introduces Instant Rewards. Moving beyond traditional reward models like airdrops and points, Instant Rewards is a latest innovation, designed to drive Universal App growth and user engagement. In just one week since its stealth launch, 150,000 members have minted their XP NFT to access perks like Instant Rewards. Sponsored — link : Wu Blockchain News
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South Korea's Financial Services Commission said it will investigate the market monopoly structure of Upbit, South Korea's largest cryptocurrency exchange. Upbit is also the world's second-largest spot cryptocurrency exchange, and its market dominance began after establishing a business partnership with K-Bank. K-Bank is about to go public, and about 20% of its total deposits come from deposits from Upbit crypto customers. — link : Wu Blockchain News
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About 15,700 ETH (worth $1.3 billion) related to the Plustoken scam seized by the Chinese government was transferred from known addresses yesterday, of which more than 7,000 ETH were sent to exchange deposit addresses, according to @ErgoBTC. Similar to the previous pattern of selling BTC, the $1.3 billion worth of ETH may be sold in full in the future. — link : Wu Blockchain News
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Trump-connected World Liberty Financial formally proposes launching on Aave's Ethereum mainnet instance — link | tl;dr : unfolded. DeFi
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