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ICO Drops - ICO News & Alerts

Sophon will launch its mainnet in November

https://x.com/sophon/status/1843673098194948416

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ICO Drops - ICO News & Alerts

Spot ETF Flow on 8.10: BTC-ETF -$18.66M, ETH-ETF -$8.19M

https://sosovalue.com/assets/etf/us-btc-spot

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ICO Drops - ICO News & Alerts

Crypto investment firm Canary Capital filed a registration statement with the U.S. Securities and Exchange Commission for a spot XRP exchange-traded fund

https://www.theblock.co/post/320158/canary-capital-files-for-a-spot-xrp-exchange-traded-fund-with-the-sec

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Based on current prices and the potential implications of Donald Trump winning the U.S. presidential race, Standard Chartered's Geoff Kendrick forecasts that by the end of 2025, solana's price could increase fivefold, ether could rise fourfold, and bitcoin could triple in value.

He also said that if Kamala Harris were to become president, he expects bitcoin to outperform ether, which, in turn, would outperform solana. "In U.S. dollar terms, we anticipate Ethereum reaching the $7,000 level by the end of 2025 in a scenario where Kamala Harris is president," he added. Kendrick envisions bitcoin rising to $200,000 by the end of 2025, regardless of the election outcome on Nov. 5.

https://www.theblock.co/post/320063/standard-chartered-says-solana-price-could-surge-fivefold-by-end-of-2025-if-trump-wins-presidency

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Babylon Bitcoin Staking Phase-1, Cap-2 is now open

Pending stake: 18.7K BTC ($1.16B)

https://btcstaking.babylonlabs.io/
https://x.com/babylonlabs_io/status/1843710945438441621

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ICO Drops - ICO News & Alerts

The Jupiter mobile app is now available on iOS

https://x.com/JupiterExchange/status/1843637488138760379

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ICO Drops - ICO News & Alerts

Native USDC has officially launched on Sui

https://x.com/circle/status/1843637747212591328

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ICO Drops - ICO News & Alerts

Scroll introduced its tokenomics and SCR launch date

Total Token Supply: 1,000,000,000 SCR
Airdrop Snapshot Date: October 19, 2024
Token Launch Date and Airdrop Claim Availability: October 22, 2024

https://x.com/Scroll_ZKP/status/1843638328459178043

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Alchemy Pay Introduces Samsung Pay Integration for its Crypto Virtual Card

https://alchemypay.org/news-and-press/alchemy-pay-introduces-samsung-pay-integration-for-its-crypto-virtual-card/

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The Supreme Court has denied a Certiorari petition which paves the way for the US Government to sell 69,370 BTC.

These are part of the bitcoins which were seized for the Silk Road marketplace.

https://coingape.com/bitcoin-news-us-government-could-soon-sell-69000-btc-heres-why/

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Binance will perform a conversion of the below tokens to USDC based on users’ holdings in their Binance wallets at the snapshot time of 2024-10-29 00:00 UTC.

The conversion will be completed and an equivalent amount of USDC will be credited to users’ Binance wallets by 2025-04-28 23:59 UTC.

Users may withdraw the airdropped/delisted tokens as shown below before 2024-10-28 23:59 UTC, after which withdrawals will become unavailable.

List of Impacted Tokens: Vai (VAI), Tornado Cash (TORN), OMG Network (OMG), Waves (WAVES), NEM (XEM), BarnBridge (BOND), Dock (DOCK), Mdex (MDX), Polkastarter (POLS), Pundi X PURSE (PURSE).

https://www.binance.com/en/support/announcement/notice-on-the-withdrawals-of-delisted-tokens-conversion-of-selected-tokens-to-usdc-2024-10-08-1657c0d30d5449908e8e20d9efa893a2

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Spot ETF Flow on 7.10: BTC-ETF +$235.19M, ETH-ETF $0M

https://sosovalue.com/assets/etf/us-btc-spot

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BlackRock says Bitcoin and crypto adoption is growing faster than the Internet and mobile phones.

https://x.com/BTC_Archive/status/1843356882200863064

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The crypto market is down
BTC Dominance - 56.40%

Market Cap - $2.20T
BTC - $62,639.99 (-1.54%)
ETH - $2,440.29 (-2.17%)
BNB - $570.2 (-0.92%)
SOL - $144.98 (-3.5%)
INJ - $20.74 (-2.19%)
TON - $5.23 (-2.28%)
EIGEN - $3.43 (-2.39%)
SUI - $2.1 (+10.63%)
APT - $9.1 (+2.46%)
ZRO - $4.33 (-0.34%)

https://dropstab.com

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Bybit has announced the listing of CARV (CARV) on its spot trading platform.

CARV Listing: Oct 10, 2024, 8:00 UTC

https://announcements.bybit.com/en/article/new-listing-carv-usdt-grab-a-share-of-the-90-000-carv-prize-pool-blt3cf2335f9a5bedca/

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Google has officially integrated ENS, allowing users to search for any .eth name and check associated balances directly within Google Search.

https://x.com/ensdomains/status/1843762763300254116

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New HBO documentary claims Peter Todd is Bitcoin creator Satoshi Nakamoto

Peter Todd, an early Bitcoin developer, denied to CoinDesk that he is Satoshi Nakamoto, the pseudonymous creator of the original cryptocurrency.

https://www.coindesk.com/business/2024/10/08/former-bitcoin-dev-peter-todd-denies-hes-satoshi-hours-before-hbo-documentary-airs/
https://thetvapp.to/tv/hbo-east-live-stream/

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Babylon Cap-2 Completed

Total staked: 22891 BTC
Delegations: 12.96K
Stakers: 12.57K
Total fees: 1.56 BTC

https://x.com/babylonlabs_io/status/1843795314282770869

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ICO Drops - ICO News & Alerts

The crypto market correction
BTC Dominance - 56.37%

Market Cap - $2.19T
BTC - $62,388 (-0.48%)
ETH - $2,452.7 (+0.51%)
BNB - $576.6 (+1.13%)
SOL - $144.47 (-0.36%)
INJ - $19.84 (-4.35%)
TON - $5.21 (-0.4%)
EIGEN - $3.7 (+8.31%)
SUI - $1.95 (-7.33%)

https://dropstab.com

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Japan’s largest telco company NTT Digital has officially joined Injective as its latest validator

https://x.com/injective/status/1843651046788518195

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Babylon: “Blocks are speeding up!

We're about 4 hours away from the Cap-2 launch!

Estimated start time: 6PM UTC.”

https://x.com/babylonlabs_io/status/1843663040522399798

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ICO Drops - ICO News & Alerts

Crypto.com sues SEC after receiving a Wells notice from the agency

Crypto.com says its lawsuit asserts that the SEC has overexpanded its jurisdiction while also pushing back on the agency's claim that most cryptocurrencies are securities.

https://www.theblock.co/post/320052/crypto-com-sues-sec-after-receiving-a-wells-notice-from-the-agency

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STRK staking is now live on Starknet Sepolia

STRK staking will launch on Mainnet in a few weeks.

https://x.com/Starknet/status/1843618593264877635

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ICO Drops - ICO News & Alerts

📈 Sui VS Aptos: Price Comparison Last Year

💧 DropsTab

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ICO Drops - ICO News & Alerts

Binance has announced the 60th project on Binance Launchpool - Scroll (SCR)

Users will be able to lock their BNB and FDUSD to receive SCR Airdrops over two days, with farming starting from 2024-10-09 00:00 UTC.

Binance Pre-Market will then list SCR at 2024-10-11 10:00 UTC and open pre-market trading for the SCR/USDT trading pair.

https://www.binance.com/en/support/announcement/22df1ba38f4a4033924a1adecf93735e

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ICO Drops - ICO News & Alerts

Arthur Hayes has introduced a new article "PvP"

Highlights:
1. PvP, or “player vs. player,” is a phrase used often by shitcoin traders to describe this current market cycle. This contradicts the original idea behind cryptocurrencies.
2. New tokens launched this year have performed poorly for retail investors, but not for venture capital (VC) firms. The result has been the launch of a plethora of high, fully diluted value (FDV), but low circulating supply projects.
3. Listing on major exchanges does not guarantee token price growth. The data shows that tokens do not "pump" regardless of the exchange.
4. Projects must cut their valuations at launch by 40% to 50% to become attractive on a relative basis.
5. VCs are interested in accumulating assets and receiving management fees, rather than in the real return on investment. This leads to overestimation of projects.
6. The CEXs want a high FDV for two reasons. The first is that trading fees are charged as a percentage of the token notional. The higher the FDV, the more revenue and fees are earned, whether the project pumps or dumps. The second reason is that a high FDV and low circulating supply are good for exchanges because plenty of unallocated tokens can be given to them.
7. Listing on major exchanges is expensive: up to 16% of the total token supply and $5 million in BNB's purchase for Binance.
8. Projects need to make sure that their users/token holders get rich as the project succeeds.
9. An alternative is needed: launch with a low valuation on DEX to attract users and allow them to grow with the project.
10. Auki Labs. They didn’t have CEX on the first date. Instead, they listed a relatively low-FDV token starting on DEX.

https://cryptohayes.substack.com/p/pvp

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US bankruptcy judge approves FTX reorganization plan, two years after the exchange's collapse

Judge John Dorsey in the U.S. Bankruptcy Court for the District of Delaware decided to approve the plan during a hearing on Monday in a move to start distributing funds to creditors. Under that plan, 98% of creditors will receive at least 118% of their claim value in cash.

After the news, the FTT price increased by ~50% and then decreased again. It is now trading at $2.43.

https://www.theblock.co/post/319909/us-bankruptcy-judge-approves-ftx-reorganization-plan-two-years-after-the-exchanges-collapse

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CARV: “Snapshot of the Alphanet was taken on October 7th, 00:00 UTC.

The Mainnet will launch on Arbitrum on October 11th 00:00 UTC.”

https://x.com/carv_official/status/1843308171705962568

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ICO Drops - ICO News & Alerts

Babylon: “Bitcoin blocks are being mined faster than expected, currently 56 blocks ahead of schedule. This means Cap-2, opening at block height 864790, is now estimated to start around 8PM UTC on Tuesday, Oct 8th—15 hours earlier than planned.”

https://x.com/babylonlabs_io/status/1843314723028353416

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ICO Drops - ICO News & Alerts

Nasdaq has filed an application to begin the process of listing and trading shares of the Hashdex Nasdaq Crypto Index US ETF.

https://listingcenter.nasdaq.com/assets/rulebook/nasdaq/filings/SR-NASDAQ-2024-028_Order_Instituting_Proceedings.pdf

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