Justin Sun: “Big news is about to be announced on TRON!”
https://x.com/justinsuntron/status/1851276408766804284
Crypto exchange Kraken announced last week that it will build a layer-2 network atop Optimism's OP Stack blockchain framework.
The deal was reached early this year, involving a grant of 25 million OP tokens, at the time worth roughly $100 million.
https://www.coindesk.com/tech/2024/10/29/optimism-foundation-agreed-to-give-kraken-425m-of-op-tokens-in-layer-2-deal/
Consensys will lay off 20% of its workforce, or 160 employees
https://fortune.com/crypto/2024/10/29/consensys-layoffs-ethereum-lubin/
Royal Government of Bhutan deposited 929 BTC ($66.16M) to Binance.
Royal Government of Bhutan currently holds 12,456 BTC ($886.58M).
https://x.com/lookonchain/status/1851205455579922752
Stacks: The Nakamoto Upgrade is live
https://x.com/StacksOrg/status/1851133094172012919
Tech giant Meta is reportedly looking at creating its own AI-powered search engine in a bid to reduce its reliance on existing search products, including Google and Microsoft’s Bing.
https://cointelegraph.com/news/meta-reportedly-building-own-ai-powered-search-engine
Top 300 gainers in 24h: PUPS +46%, BANANA +19%, TRUMP +16%, RUNE +16%, GMX +15%, DOGE +15%.
https://dropstab.com/insights/top-performance
Trump Crypto Project World Liberty Plans to Issue Stablecoin, Sources Say
https://x.com/decryptmedia/status/1850950552508620841
The crypto market is growing
BTC Dominance - 57.92%
Market Cap - $2.42T
BTC - $70,964.19 (+4.73%)
ETH - $2,607.2 (+5.09%)
BNB - $605.6 (+3.12%)
SOL - $180.71 (+3.22%)
INJ - $20.14 (+7.24%)
TON - $5.05 (+1.81%)
SUI - $1.88 (+11.24%)
TIA - $5.07 (-0.79%)
https://dropstab.com
Phantom is currently experiencing an uptime incident and some services may be temporarily disrupted.
https://x.com/phantom/status/1850905912573141283
Ethena Labs: “We are aware of questions circulating in Discord and X as to whether investors or the Ethena team are earning Ethereal rewards via sENA using locked tokens.
We would like to categorically confirm to our community that absolutely no locked team or investor tokens are staked as sENA earning any rewards, including Ethereal.
This was confirmed in Discord publicly last week per the screenshot below.
Any ENA that was sent out of the wallets in question are unlocked following the exact vesting schedule outlined in the original token distribution blog post.
The wallets in question contain unlocked foundation tokens that would fit under the eligible criteria. Nevertheless, the foundation has confirmed to us that these tokens will *NOT* be recipients of any airdrop or related rewards from Ethereal.
A section will be added to the UI this week to clarify the total sENA eligible for future airdrops, which also excludes the undistributed sENA sitting in Liquifi contracts, to make this more clear to users.”
https://x.com/ethena_labs/status/1850842529908101134
The Hong Kong government’s Treasury chief said the city will extend existing tax concessions to cover cryptocurrency investments by the end of this year.
The regulators also plan to approve more crypto asset trading platform licenses by the end of the year.
https://www.theblock.co/post/323216/hong-kong-eyes-tax-breaks-for-crypto-more-trading-platform-licenses-by-year-end-officials
Tether presented a preview of Tether's Local AI development kit, privacy focused, powered by peer-to-peer technology
https://x.com/paoloardoino/status/1850510489916158365
Vitalik Buterin: “bro the ETH foundation is paying researchers and devs that are responsible for
(i) ethereum not bleeding 5M ETH/year to proof of work
(ii) your fees being low today
(iii) your txs getting included in < 30s instead of like 1-30 min (eip 1559)”.
https://x.com/VitalikButerin/status/1850416571942068525
The Aleo claim site (claim.aleo.org) is now open for all setup ceremony participants, Testnet3 provers and Testnet Beta provers.
https://x.com/AleoHQ/status/1851013363679305780
Binance Unveils 'Binance Wealth' for Elite Customers
Binance Wealth allows private client managers to easily onboard high-net-worth individuals to the exchange and offer them a wide range of digital assets.
The service is offered through the global Binance.com platform meaning there are restrictions for some jurisdictions, such as the U.S.
The initial focus will be on Asia and Latin America, Binance said.
https://www.coindesk.com/business/2024/10/29/binance-unveils-binance-wealth-for-elite-customers/
Ozean has partnered with Ethena
Ethena's USDe & sUSDe will be integrated into Oxygen (O2), the RWA liquidity layer on Ozean.
https://x.com/ClearpoolFin/status/1851232152354242922
💧 New Coins in Accumulation Phase Backed by Top Tier VCs
👉 https://dropstab.com/tab/accumulation-with-top-funds-sr3wocefnz
Arthur Hayes has introduced a new article "Let's Go Bitcoin"
https://cryptohayes.substack.com/p/lets-go-bitcoin
Spot ETF Flow on 28.10: BTC-ETF +$479.35M, ETH-ETF -$1.14M
https://sosovalue.com/assets/etf/us-btc-spot
"If the U.S. wanted to kill us, they can press a button and kill us anywhere," Ardoino said.
https://www.coindesk.com/business/2024/10/28/tethers-paolo-ardoino-if-the-us-government-wanted-to-kill-us-they-can-press-a-button/
Gelato has raised $11 million in a Series A+ funding round led by Hack VC.
This latest round involves investor groups, including Animoca Brands, IOSG Ventures and Bloccelerate VC — bringing Gelato’s total funding to $23 million.
https://x.com/gelatonetwork/status/1850917037079437317
Alchemy Pay unveiled its launch plan of its Layer-1 blockchain, Alchemy Chain
▫️High-scalability adopts SVM
▫️Innovative Trusted PoA security
▫️ACH & fiat supported for gas fees
▫️On-chain earnings to fiat
▫️Meme Launchpad & Telegram bot
https://x.com/AlchemyPay/status/1850886170827161779
Grass (GRASS) trading has started on Bybit, Gate, HTX, Bitget, Kucoin and others.
GRASS is now trading at $0.77.
FDV: $770M
https://www.bybit.com/en/trade/spot/GRASS/USDT
EU MiCA rules pose ‘systemic’ banking risks for stablecoins — Tether CEO, Paolo Ardoino
The Markets in Crypto-Assets Regulation (MiCA) is the first comprehensive regulatory framework for the crypto industry and is set to go into full effect on Dec. 30. Under MiCA, stablecoin issuers will be required to hold at least 60% of reserve assets in European banks.
https://cointelegraph.com/news/mica-systemic-banking-risks-stablecoin-tether-ceo
Cathie Wood: “The more uncertainty and volatility there is in the global economies, the more our confidence increases in Bitcoin.”
https://x.com/cointelegraph/status/1850583241318621679
Solana flips Ethereum in 7-day fees with $25.73M over Ethereum’s $23.28M
https://x.com/Cointelegraph/status/1850493126512898091
The crypto market is neutral
BTC Dominance - 57.72%
Market Cap - $2.32T
BTC - $67,718.19 (+0.68%)
ETH - $2,473.05 (-0.4%)
BNB - $586.5 (+0.11%)
SOL - $175.16 (+1.93%)
INJ - $18.66 (+0.98%)
TON - $4.95 (+0.24%)
SUI - $1.67 (-7.47%)
EIGEN - $2.71 (-8.95%)
https://dropstab.com