🚀 Grass Foundation Completes Series A Funding Led By Hack VC
#GrassFoundation #SeriesAFunding #HackVC #PolychainCapital #DelphiDigital #BrevanHowardDigital #Lattice #CryptoFunding
According to Foresight News, the Grass Foundation has announced the completion of its Series A funding round. The round was led by Hack VC, with participation from Polychain Capital, Delphi Digital, Brevan Howard Digital, and Lattice. However, the amount raised in this funding round has not been disclosed.#GrassFoundation #SeriesAFunding #HackVC #PolychainCapital #DelphiDigital #BrevanHowardDigital #Lattice #CryptoFunding
🚀 BTC-LRT Ecosystem Experiences Rapid Growth With Market Size Surpassing $570 Million
#BTCLRT #ecosystem #growth #marketsize #WBTC #Ethereum #Lombard #staking
According to Odaily, Staking Circle announced on X that the BTC-LRT ecosystem is experiencing rapid growth, with the market size exceeding $570 million. This figure does not include the $9 billion worth of WBTC assets on the Ethereum chain. Among the participants, Lombard holds the leading position with a 52% market share.#BTCLRT #ecosystem #growth #marketsize #WBTC #Ethereum #Lombard #staking
🚀 Pyusd Supply Declines Significantly Over Past Month
#PYUSD #Blockchain #Cryptocurrency #MarketValue #Defillama #SupplyDecline #CryptoNews
According to BlockBeats, data from Defillama on September 22 indicates that the supply of PYUSD has decreased by 8.50% over the past seven days, with its market value currently standing at $705.74 million.
Over the past 30 days, the supply of PYUSD has seen a more substantial decline, dropping by 26.49%.#PYUSD #Blockchain #Cryptocurrency #MarketValue #Defillama #SupplyDecline #CryptoNews
🚀 Bitcoin Network Transaction Fees Drop to 3 Satoshis Per Byte
#Bitcoin #TransactionFees #Satoshis #Mempool #Crypto #BTC
According to Foresight News, data from mempool.space indicates that the current transaction fees on the Bitcoin network have decreased to 3 satoshis per byte. Both medium and high-priority transactions are currently reported at 3 satoshis per byte.#Bitcoin #TransactionFees #Satoshis #Mempool #Crypto #BTC
🚀 Stablecoin Market Cap Surpasses $172 Billion, Reaches New High Since May 2022
#Stablecoin #MarketCap #USDT #DefiLlama #Cryptocurrency #Finance
According to BlockBeats, as of September 22, data from DefiLlama indicates that the total market capitalization of stablecoins has exceeded $172 billion, currently standing at $172.83 billion. This marks a new high since May 2022, with a 7-day increase of 0.54%. Among the stablecoins, USDT holds a dominant share of 69.16%.#Stablecoin #MarketCap #USDT #DefiLlama #Cryptocurrency #Finance
🚀 AI Tokens See Significant Gains in Market
#AITokens #MarketGains #DEAI #TAO #CXT #CryptoMarket #Investment
According to BlockBeats, on September 22, mid-cap AI sector tokens experienced notable increases in their market values. Among the tokens, DEAI is currently priced at $0.2913, reflecting a 24-hour increase of 38.2%. TAO is now valued at $466.91, showing a 24-hour rise of 11.3%. Additionally, CXT is priced at $0.1444, marking a 24-hour gain of 32%.#AITokens #MarketGains #DEAI #TAO #CXT #CryptoMarket #Investment
🚀 🔥 Bitcoin's Market Share Rises by 6% in 2024, Outpacing Ethereum's Growth 🔥
#Bitcoin #Ethereum #MarketShare #Cryptocurrency #Growth2024 #IntoTheBlock #BTC
Data from IntoTheBlock reveals that Bitcoin's market share has surged by 6% in 2024, significantly outpacing Ethereum’s growth. While Ethereum has seen a modest increase of 0.2% year-to-date, Bitcoin has surged by approximately 43% during the same period. #Bitcoin #Ethereum #MarketShare #Cryptocurrency #Growth2024 #IntoTheBlock #BTC
🚀 🔥 Economist Bill Conerly: U.S. Inflation Worries Linked to Growing Federal Deficit 🔥
#Economy #Inflation #FederalDeficit #InterestRates #Employment #BillConerly #FederalReserve #EconomicOutlook #PresidentialElection
According to a report by Jinshi Data on September 21, economist Bill Conerly highlighted that growing concerns about U.S. inflation are primarily driven by the rising federal deficit. He emphasized that regardless of the outcome of the upcoming presidential election, deficit spending is likely to increase further.While economists continue to debate the exact impact of deficits on inflation, Conerly noted that even a small effect would require the Federal Reserve to maintain restrictive interest rates for an extended period. He also pointed out that the employment aspect of the Fed’s dual mandate has softened, with higher unemployment rates, fewer voluntary quits, and a decline in job openings.Despite the economic strength, Conerly believes the Fed is likely to continue cutting interest rates through the end of 2025, though the long-term outlook remains uncertain. #Economy #Inflation #FederalDeficit #InterestRates #Employment #BillConerly #FederalReserve #EconomicOutlook #PresidentialElection
🚀 🔥 Elon Musk Warns U.S. Government Spending Could Lead to Bankruptcy 🔥
#ElonMusk #GovernmentSpending #Bankruptcy #Inflation #DonaldTrump #EfficiencyCommittee
According to PANews, Elon Musk expressed concerns on the social media platform "X," stating that unchecked U.S. federal government spending could bankrupt the country if action is not taken to reduce waste. Musk emphasized that such excessive spending is a primary driver of inflation.In related reports, U.S. Republican presidential candidate Donald Trump indicated that, if elected, he would consider appointing Musk to lead a government efficiency committee aimed at reviewing and optimizing federal spending.#ElonMusk #GovernmentSpending #Bankruptcy #Inflation #DonaldTrump #EfficiencyCommittee
🚀 Bonk Inu Plans To Launch ETP In The US By Year-End
#BonkInu #ETP #Solana #memeCoin #USlaunch #OspreyFunds #ETF #SolanaBreakpoint2024 #BONK
According to BlockBeats, on September 22, Solana meme coin Bonk Inu announced plans to launch an Exchange-Traded Product (ETP) in the United States during the Solana Breakpoint 2024 event. The Bonk Inu team revealed that the introduction of the ETP would bring them closer to releasing an Exchange-Traded Fund (ETF). The team will collaborate with Osprey Funds, aiming to launch the ETP by the end of this year.#BonkInu #ETP #Solana #memeCoin #USlaunch #OspreyFunds #ETF #SolanaBreakpoint2024 #BONK
🚀 Fed's Approach To Rate Cuts Criticized By EY Economist
#Fed #RateCuts #Economy #GregoryDaco #Unemployment #WallStreet #EconomicForecast #MonetaryPolicy #InterestRates #EYEconomist
According to BlockBeats, on September 22, EY Chief Economist Gregory Daco criticized the Federal Reserve for being reactive rather than proactive in its approach to rate cuts. Daco highlighted concerns that the Fed might be waiting too long to take action, especially after data released two days following the July meeting showed an increase in the unemployment rate to 4.3%. He emphasized the need for the Fed to adopt a robust forward-looking framework instead of relying on data-driven decisions, which he believes they have yet to achieve.
Daco also pointed out a discrepancy between Wall Street's expectations and the Fed's projections regarding future rate cuts. While Wall Street anticipates more rate cuts, Fed policymakers estimate two more 25 basis point cuts by the end of 2024 and four additional cuts in 2025. The Fed's rate-setting committee is nearly evenly split on the expected number of additional rate cuts this year, with seven policymakers supporting a 25 basis point cut by year-end and nine members favoring an additional 50 basis point cut. Two policymakers do not foresee any further cuts. This division suggests that while some officials might support a 25 basis point cut this month, others might opt for a 50 basis point cut to prevent further deterioration in the job market.#Fed #RateCuts #Economy #GregoryDaco #Unemployment #WallStreet #EconomicForecast #MonetaryPolicy #InterestRates #EYEconomist
🚀 Michael Saylor Discusses Urgency Of Acquiring Bitcoin
#MichaelSaylor #Bitcoin #MicroStrategy #BitcoinAcquisition #Investing #Urgency #BTC
According to Odaily, MicroStrategy founder Michael Saylor recently shared his thoughts on Bitcoin acquisition during an interview. Saylor emphasized the urgency that often accompanies the decision to invest in Bitcoin. He stated, 'Once you acquire Bitcoin and develop an interest in it, your immediate reaction is to buy as much Bitcoin as possible because others will take all of your Bitcoin.'#MichaelSaylor #Bitcoin #MicroStrategy #BitcoinAcquisition #Investing #Urgency #BTC
🚀 Federal Reserve's Balance Sheet Shrinks to $7.1 Trillion
#FederalReserve #BalanceSheet #Economy #Finance #TrillionDollar #EconomicData
According to BlockBeats, as of September 17, the Federal Reserve's balance sheet has decreased to approximately $7.1 trillion, currently reported at $7.109 trillion. This marks a reduction of about $1.39 trillion since the beginning of the year, based on data from the Federal Reserve's official website.#FederalReserve #BalanceSheet #Economy #Finance #TrillionDollar #EconomicData
🚀 USDC Treasury Mints Over 50 Million USDC on Ethereum
#USDC #Ethereum #DeFi #cryptocurrency #stablecoin #blockchain #liquidity
According to BlockBeats, on September 22, Whale Alert reported that the USDC Treasury has minted 50,109,449 USDC on the Ethereum blockchain. This significant minting event highlights the ongoing activity and demand for the stablecoin within the cryptocurrency market. The newly minted USDC tokens are expected to be utilized across various decentralized finance (DeFi) platforms and other blockchain-based applications, contributing to the liquidity and stability of the digital asset ecosystem.#USDC #Ethereum #DeFi #cryptocurrency #stablecoin #blockchain #liquidity
🚀 Cassava Network Secures New Investment From Anubi Foundation
#CassavaNetwork #AnubiFoundation #Web3 #Investment #AfricanMarket #SocialTasks #Funding #PrivateFunding #Partnership #Transsion
According to BlockBeats, on September 22, Cassava Network announced that it has received a new round of investment from the Anubi Foundation. This funding is expected to further support Cassava's development within the Web3 ecosystem, particularly in expanding its presence in the African market.
Cassava Network is a platform centered around Web3 social tasks, aiming to transition more Web2 users into the Web3 space to foster long-term and sustainable growth in the sector. During its private funding round, the project attracted investments from over 40 institutions, including Youbi Capital, Dragonfly Capital, Spark Digital Capital, NGC Ventures, DWeb3 Capital, Tron, Shima Capital, and SevenX Ventures. Additionally, Cassava Network has previously partnered with the well-known mobile phone brand Transsion to jointly promote the adoption of Web3 task systems.#CassavaNetwork #AnubiFoundation #Web3 #Investment #AfricanMarket #SocialTasks #Funding #PrivateFunding #Partnership #Transsion
🚀 Bitcoin NFT Sales Surpass $4.5 Billion, Ranking Third Among Blockchains
#Bitcoin #NFT #Sales #Cryptoslam #Ethereum #Solana #Blockchain #Transactions #DigitalArt #BTC
According to PANews, recent data from Cryptoslam reveals that the total sales of Bitcoin-based NFTs have exceeded $4.5 billion, currently reaching $4,501,727,121. This achievement places Bitcoin third in the ranking of on-chain NFT sales, following Ethereum with $44.304 billion and Solana with $5.847 billion.
In addition, the total transaction volume of Bitcoin-based NFTs has reached approximately 3.807 million transactions. The number of buyers stands at around 617,900, while the number of sellers is approximately 519,100.#Bitcoin #NFT #Sales #Cryptoslam #Ethereum #Solana #Blockchain #Transactions #DigitalArt #BTC
🚀 Bitcoin To Gold Ratio Predicted To Surge By 2025
#Bitcoin #Gold #Investment #Trading #TechnicalAnalysis #CryptoPredictions #MarketTrends #PriceForecast #BullishMarket #IH&S #BTC
According to BlockBeats, on September 22, Peter Brandt, a veteran chart analyst and founder of Factor Trading who accurately predicted Bitcoin's crash in 2018, stated that the Bitcoin to gold ratio could increase by over 400% by 2025.
Brandt supports his highly bullish forecast with classic technical chart analysis. He refers to a pattern known as the Inverse Head and Shoulders (IH&S). This pattern forms when prices create three consecutive troughs, with the middle trough (the head) being deeper than the other two (the shoulders). This formation occurs below a common support line called the neckline. When prices break above the neckline with increasing volume, the IH&S pattern is considered complete. At this point, the price rise is expected to be equivalent to the maximum distance between the neckline and the deepest point of the head.
For the Bitcoin to gold exchange rate, Brandt predicts that the price of 1 BTC could reach 123 ounces of gold by 2025. This represents an increase of over 400% compared to the rate of 24 ounces on September 22, 2024.#Bitcoin #Gold #Investment #Trading #TechnicalAnalysis #CryptoPredictions #MarketTrends #PriceForecast #BullishMarket #IH&S #BTC
🚀 Upcoming Token Unlocks For Venom, YGG, AGIX, And Others
#Venom #YGG #AGIX #Ethena #Galxe #Acala #TornadoCash #Euler #TokenUnlocks #Cryptocurrency #ENA
According to PANews, several significant token unlocks are scheduled for the upcoming week, impacting various cryptocurrencies including Venom (VENOM), Yield Guild Games (YGG), SingularityNET (AGIX), and Ethena (ENA). These unlocks are expected to influence the circulating supply and market value of the respective tokens.
Venom (VENOM) will unlock approximately 235 million tokens on September 25 at 4 PM UTC+8. This represents 12.66% of its current circulating supply, with an estimated value of $26.1 million. Yield Guild Games (YGG) is set to unlock around 14.08 million tokens on September 27 at 10 PM UTC+8, accounting for 3.65% of its circulating supply and valued at approximately $6.4 million.
SingularityNET (AGIX) will unlock about 8.19 million tokens on September 28 at 8 AM UTC+8, which is 1.63% of its circulating supply, with an estimated value of $5.8 million. Ethena (ENA) will unlock around 8.19 million tokens on September 29 at 3 PM UTC+8, representing 0.78% of its circulating supply and valued at approximately $3.9 million.
Additionally, Galxe (GAL) will unlock about 416,000 tokens on September 24 at 8 AM UTC+8, which is 0.33% of its circulating supply, valued at around $980,000. Acala (ACA) will unlock approximately 4.66 million tokens on September 25 at 8 AM UTC+8, representing 0.43% of its circulating supply and valued at about $300,000.
Tornado Cash (TORN) will unlock around 91,600 tokens on September 28 at 11:30 AM UTC+8, which is 2.41% of its circulating supply, valued at approximately $240,000. Lastly, Euler (EUL) will unlock about 42,000 tokens on September 27 at 8:47 AM UTC+8, representing 0.23% of its circulating supply and valued at around $190,000.#Venom #YGG #AGIX #Ethena #Galxe #Acala #TornadoCash #Euler #TokenUnlocks #Cryptocurrency #ENA
🚀 JJ Lin Collaborates With Vitalik Buterin And Ethereum Foundation In Singapore
#JJLin #VitalikButerin #Ethereum #EthereumFoundation #Singapore #Collaboration #ETH
According to PANews, JJ Lin recently shared a photo on the X platform featuring himself with Ethereum co-founder Vitalik Buterin. Lin expressed his excitement about collaborating with Buterin and the Ethereum Foundation in Singapore.#JJLin #VitalikButerin #Ethereum #EthereumFoundation #Singapore #Collaboration #ETH
🚀 Fractal Bitcoin Mainnet Launches With Upcoming PizzaSwap Release
#FractalBitcoin #PizzaSwap #BRC20 #UniSat #BoolBridge #SimpleBridge #Runes #MainnetLaunch #CryptoNews
According to PANews, UniSat announced that the Fractal Bitcoin mainnet has been launched over the past two weeks. The BRC-20 on Fractal has been activated, and PizzaSwap on the Fractal mainnet is scheduled for release on September 30. The platform will support asset bridging through Bool Bridge and SimpleBridge.
Before the launch of PizzaSwap, on September 25, the BRC-20 index implementation will be open-sourced on Fractal. Preparations are currently underway to activate Runes on Fractal at block height 84,000.#FractalBitcoin #PizzaSwap #BRC20 #UniSat #BoolBridge #SimpleBridge #Runes #MainnetLaunch #CryptoNews
🚀 Solana Breakpoint Highlights Focus on Applications Over Infrastructure
#Solana #Breakpoint #Applications #Infrastructure #SyncracyCapital #BullishTrend #SOL
According to Odaily, the co-founder of SyncracyCapital recently shared insights on X, emphasizing that the most notable aspect of the Solana Breakpoint event was that 90% of the presentations were centered around products rather than the usual endless discussions on infrastructure. The current bullish trend for Solana is not driven by technology but by applications.#Solana #Breakpoint #Applications #Infrastructure #SyncracyCapital #BullishTrend #SOL