🚀 BitcoinFi Accelerator Program Launched To Foster Innovation
#BitcoinFi #AcceleratorProgram #Innovation #Bitcoin #DeFi #SocialFi #Infrastructure #Funding #Investment #Startup #Application #BTC
According to PANews, BoostVC, Draper Associates, and Thesis have introduced the BitcoinFi Accelerator Program aimed at driving the next wave of innovation in the Bitcoin ecosystem. The initiative invites applications across three core areas: infrastructure, DeFi, and SocialFi. Participants will receive an initial funding of $150,000 in exchange for 5% equity and will have the opportunity to secure further investments from a network of investors.
The application process for the accelerator is currently open, with a deadline set for October 23. Following the application period, there will be two selection phases, culminating in the announcement of the final winners on November 1. The first batch of courses is scheduled to commence on November 4 and will run until December 13.#BitcoinFi #AcceleratorProgram #Innovation #Bitcoin #DeFi #SocialFi #Infrastructure #Funding #Investment #Startup #Application #BTC
🚀 Pump.fun Sells Significant Amount Of SOL In Recent Days
#PumpFun #SOL #Lookonchain #Odaily #CryptoSales #Blockchain
According to Odaily, monitoring data from Lookonchain reveals that the pump.fun fee account has sold an additional 122,250 SOL, valued at $18.9 million, over the past five days. This brings the total revenue generated by pump.fun to 773,617 SOL, amounting to $120.68 million. The account has sold 398,313 SOL at an average price of $156, totaling $62.13 million.#PumpFun #SOL #Lookonchain #Odaily #CryptoSales #Blockchain
🚀 Lekker Capital Founder Predicts Potential Crypto Market Surge
#LekkerCapital #CryptoMarket #QuinnThompson #Cryptocurrency #Macroeconomics #MarketSurge #2020 #2021
According to Odaily, Quinn Thompson, the founder of the crypto hedge fund Lekker Capital, recently shared his insights on X. Thompson stated that both the cryptocurrency and traditional macroeconomic sectors have not fully grasped the ongoing changes. He expressed increasing optimism, noting that for the first time in a long while, he believes there is a possibility of witnessing market conditions similar to those of 2020-2021.#LekkerCapital #CryptoMarket #QuinnThompson #Cryptocurrency #Macroeconomics #MarketSurge #2020 #2021
🚀 Starknet Mainnet TPS Surpasses 500
#Starknet #Mainnet #TPS #StarkWare #Ethereum #Layer2 #scalingsolution
According to Odaily, StarkWare, the development team behind Ethereum Layer 2 scaling solution Starknet, reported a significant milestone. StarkWare member @odin_free shared data on X indicating that the Starknet mainnet's transactions per second (TPS) exceeded 500 yesterday.#Starknet #Mainnet #TPS #StarkWare #Ethereum #Layer2 #scalingsolution
🚀 Orderly Network Reports Over 71 Million ORDER Tokens Staked
#OrderlyNetwork #ORDERtokens #staking #decentralizedtrading #cryptocurrency #blockchain
According to Odaily, decentralized trading infrastructure provider Orderly Network announced on X that nearly 71 million ORDER tokens have been staked. This amount represents more than 37% of the token's circulating supply.#OrderlyNetwork #ORDERtokens #staking #decentralizedtrading #cryptocurrency #blockchain
🚀 Bitcoin And DeFi Show Bullish Trends After Market Reversal
#Bitcoin #DeFi #BullishTrends #MarketReversal #CryptoInvesting #Blockchain #MNTrading #MichaëlVandePoppe #BTC
According to Odaily, MN Trading founder Michaël van de Poppe shared on X that after spending two weeks in Dubai, Singapore, and Thailand, he is now on a flight back to Amsterdam. He noted that the market has completely reversed, with Bitcoin and DeFi showing bullish trends. The first green week has appeared, but he emphasized that this is insignificant compared to what is expected in the next 12-18 months.#Bitcoin #DeFi #BullishTrends #MarketReversal #CryptoInvesting #Blockchain #MNTrading #MichaëlVandePoppe #BTC
🚀 Yescoin Reaches 40 Million Users With 7 Million Daily Active Users
#Yescoin #TON #gaming #users #dailyactiveusers #Odaily
According to Odaily, the TON ecosystem gaming project Yescoin has announced on the X platform that it has surpassed 40 million total users. Additionally, the platform boasts over 7 million daily active users.#Yescoin #TON #gaming #users #dailyactiveusers #Odaily
🚀 Northern Trust Survey Reveals Growing Interest In Digital Assets Among Investment Professionals
#NorthernTrust #DigitalAssets #InvestmentProfessionals #Survey #PrivateAssets #Commodities #RealEstate #MoneyMarketFunds #EmergingTechnologies #InvestmentOpportunities
According to PANews, Northern Trust recently shared the results of a survey conducted in London involving 100 investment professionals. The survey revealed that 34% of respondents have already invested in digital assets or plan to do so soon.
The survey highlighted that two-thirds of the participants believe private assets will benefit the most from digital investments. Following closely, commodities and real estate were identified by 53% of respondents as promising sectors, while 36% pointed to money market funds as potential beneficiaries. Pete Cherecwich, the newly appointed Chief Operating Officer of Northern Trust, commented on the findings, stating, 'These results underscore the dual nature of opportunities and challenges as our clients navigate the integration of emerging digital assets and advanced technologies to meet their data needs.'#NorthernTrust #DigitalAssets #InvestmentProfessionals #Survey #PrivateAssets #Commodities #RealEstate #MoneyMarketFunds #EmergingTechnologies #InvestmentOpportunities
🚀 HSBC Issues $128 Million Digital Note Using Distributed Ledger Technology
#HSBC #DigitalNote #DistributedLedgerTechnology #DLT #Blockchain #Tokenization #HongKong #Finance
According to Odaily, HSBC has issued a one-year digital note worth HKD 1 billion (USD 128 million) utilizing distributed ledger technology (DLT). The structure of this issuance is similar to the HKD 7.56 billion (USD 970 million) Hong Kong sovereign digital bond issued earlier this year.
The latest digital note was issued through HSBC Orion DLT, with the local Central Securities Depository (CSD) CMU acting as the platform operator. HSBC's blockchain bond tokenization platform, HSBC Orion, employs a combination of Digital Asset's DAML and Hyperledger Fabric technologies.#HSBC #DigitalNote #DistributedLedgerTechnology #DLT #Blockchain #Tokenization #HongKong #Finance
🚀 Bitcoin Supply Locked In DeFi Reaches 1% Amid Rising Demand For cbBTC
#Bitcoin #DeFi #cbBTC #cryptocurrency #yield #blockchain #investing #finance
According to Odaily, IntoTheBlock has reported that 1% of Bitcoin's supply is now locked in decentralized finance (DeFi) platforms. This milestone is attributed to the increasing demand for Coinbase's newly launched Bitcoin-pegged token, cbBTC, and the overall yield potential of Bitcoin.
The growing interest in cbBTC and the attractive returns offered by Bitcoin in DeFi have contributed significantly to this development. As more investors seek to leverage their Bitcoin holdings within the DeFi ecosystem, the amount of Bitcoin locked in these platforms continues to rise. This trend highlights the expanding role of Bitcoin in the decentralized finance space and its potential for generating yield.
The integration of Bitcoin into DeFi platforms is seen as a positive development for the cryptocurrency market, providing new opportunities for investors and enhancing the utility of Bitcoin beyond its traditional use as a store of value. As the demand for cbBTC and other Bitcoin-related DeFi products grows, it is expected that the percentage of Bitcoin supply locked in DeFi will continue to increase.#Bitcoin #DeFi #cbBTC #cryptocurrency #yield #blockchain #investing #finance
🚀 OpenAI Plans To Increase ChatGPT Subscription Fees
#OpenAI #ChatGPT #SubscriptionFees #Revenue #Investments #ProfitTransition #FinancialStrategy
According to PANews, OpenAI is set to raise the monthly subscription fee for ChatGPT to $22 by the end of this year, with a gradual increase to $44 over the next five years. Investor materials reveal that OpenAI's revenue in August 2023 was $300 million, with projections to reach $3.7 billion by the end of the year. However, due to expenses such as salaries, rent, and operational costs, the company is expected to incur a loss of $5 billion this year. To address the financial shortfall, OpenAI is seeking new investments at a valuation of $150 billion, potentially raising up to $7 billion. Additionally, OpenAI is transitioning from a non-profit organization to a for-profit entity to remove investment return caps and attract more substantial investors.#OpenAI #ChatGPT #SubscriptionFees #Revenue #Investments #ProfitTransition #FinancialStrategy
🚀 🔥 Santiment: Bullish Sentiment Surges as Bitcoin Gains 22% in Three Weeks 🔥
#Bitcoin #BullishSentiment #Santiment #CryptoNews #PriceSurge #BTC
According to a recent report from on-chain analytics firm Santiment, bullish sentiment among Bitcoin traders has seen a sharp increase following a 22% surge in Bitcoin's price over the past three weeks. Traders are showing renewed optimism, with many anticipating Bitcoin's price to reach the $70,000 mark soon.#Bitcoin #BullishSentiment #Santiment #CryptoNews #PriceSurge #BTC
🚀 Harris and Trump Compete for California Donations as Election Heats Up
#Harris #Trump #California #Donations #Election2024 #Fundraising #ReproductiveRights #HealthCare #AIEthics #CampaignContributions #Underdog #PoliticalCompetition
U.S. Vice President Kamala Harris and former President Donald Trump are vying for California's massive donor base, pushing the fundraising race into a fierce stage ahead of the upcoming election. At a high-dollar fundraiser in San Francisco, Harris described the tight competition as one in which she is running as an underdog, according to Bloomberg. She also took aim at Trump’s stance on health care and reproductive rights, calling them "extremely serious" concerns.The fundraiser saw ticket prices reaching up to $926,600, with donors contributing at least $100,000 eligible for a photo with Harris, while those giving more than $250,000 were invited to a luncheon. This intense push for funds in California reflects both candidates’ strategy to secure financial backing from one of the most lucrative donor pools in the country.Harris has a current edge over Trump in terms of both fundraising and spending, as she courts the business community with an emphasis on responsible AI regulation. Meanwhile, Trump continues to gather hundreds of millions from nationwide donors. California's lieutenant governor noted that both events were nearly sold out, underlining the competition's intensity.While neither Harris nor Trump is actively campaigning in California, both frequently visit the state to leverage its influential donor base, making it a key battleground for campaign contributions. #Harris #Trump #California #Donations #Election2024 #Fundraising #ReproductiveRights #HealthCare #AIEthics #CampaignContributions #Underdog #PoliticalCompetition
🚀 Gary Gensler: BNY Mellon's Custody Model Could Expand Beyond Bitcoin and Ethereum ETFs
#GaryGensler #BNYMellon #CustodyModel #Bitcoin #Ethereum #ETFs #Cryptocurrency #CryptoSpace
Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), stated that the custody model used by Bank of New York Mellon (BNY Mellon) for cryptocurrency exchange-traded funds (ETFs) could potentially be extended beyond Bitcoin and Ethereum. According to ChainCatcher, Gensler emphasized that the structure of the custody model is not specifically tied to a particular cryptocurrency, indicating its adaptability for broader use in the crypto space. #GaryGensler #BNYMellon #CustodyModel #Bitcoin #Ethereum #ETFs #Cryptocurrency #CryptoSpace
🚀 Solana-Based Meme Coin Butterbear Surges Over 278% In 24 Hours
#Solana #MemeCoin #Butterbear #Cryptocurrency #ThaiProject #TradingSurge #CryptoNews
According to Odaily, the Solana-based meme coin Butterbear has experienced a significant surge in the past 24 hours, with its value increasing by over 278%. Currently, Butterbear is trading at $0.00107. This meme coin, themed around a butter bear, is a Thai project that has seen substantial trading activity since its launch on September 25, with daily trading volumes exceeding $680,000.#Solana #MemeCoin #Butterbear #Cryptocurrency #ThaiProject #TradingSurge #CryptoNews
🚀 Former Chinese Finance Minister Urges Crypto Study After U.S. Bitcoin ETF Policy Shift
#China #Cryptocurrency #Bitcoin #ETF #FinancialStability #MoneyLaundering #DigitalEconomy #Mining #GlobalMarkets #TsinghuaWudaokou #BTC
According to Cointelegraph: Lou Jiwei, former Chinese finance minister, has emphasized the need for China to closely monitor cryptocurrency developments, especially following the recent policy shift in the United States regarding Bitcoin exchange-traded funds (ETFs). Speaking at the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing, Lou stressed the importance of assessing both the risks and opportunities posed by cryptocurrencies, as reported by Sina Finance.Lou highlighted the potential threats of cryptocurrencies to financial stability, including their volatility and association with money laundering. He also drew attention to the U.S. Securities and Exchange Commission's approval of spot Bitcoin ETFs, which signals a shift in the U.S. regulatory stance toward cryptocurrencies.The former minister warned of the risks that digital currencies pose to global markets, particularly in terms of financial instability due to extreme price fluctuations. He also expressed concerns over the role of cryptocurrencies in anti-money laundering (AML) and anti-terrorism financing.Lou urged Chinese policymakers to pay close attention to these international policy changes, stressing the importance of understanding the evolving global landscape. He noted, “We also need to study the latest international changes and policy adjustments because they are crucial for the development of the digital economy.”Despite China’s ban on Bitcoin mining and trading since 2021, the country still controls over 55% of the global Bitcoin mining network through mining pools. However, this dominance is shifting, with U.S. mining firms now managing around 40% of Bitcoin mining operations, primarily catering to institutional miners, according to CryptoQuant CEO Ki Young Ju.#China #Cryptocurrency #Bitcoin #ETF #FinancialStability #MoneyLaundering #DigitalEconomy #Mining #GlobalMarkets #TsinghuaWudaokou #BTC
🚀 🔥 US Bitcoin ETFs Record $1.1 Billion Inflows This Week, Highest Since Mid-July 🔥
#Bitcoin #ETFs #Inflows #Cryptocurrency #BlackRock #ARK21Shares #Fidelity #Ethereum #InterestRateCut #BullishTrend #FinancialMarket #BTC
According to Cointelegraph: Spot Bitcoin exchange-traded funds (ETFs) based in the United States have experienced their largest inflows since mid-July, with over $1.1 billion recorded in the week starting September 23. Leading the charge were Bitcoin products from BlackRock, ARK 21Shares, and Fidelity, which saw inflows of $499 million, $289.5 million, and $206.1 million, respectively, according to Farside Investors.The week's peak was reached on September 27, when spot Bitcoin ETFs recorded $494.4 million in inflows, the best-performing day since June 4. In addition, spot Bitcoin ETFs registered $366 million in inflows on September 26.US spot Bitcoin ETF flows between Sept. 23–27. Source: Farside InvestorsWhile BlackRock, ARK 21Shares, and Fidelity led the way, other Bitcoin ETFs from Invesco, Galaxy, Franklin Templeton, Valkyrie, and VanEck also saw inflows ranging between $5.7 million and $33.3 million. However, WisdomTree's Bitcoin Fund did not report any inflows during the period. Since their launch in January, the cumulative inflows for all 11 spot Bitcoin ETFs have now reached $18.8 billion.In addition to Bitcoin ETFs, US spot Ether ETFs also had a strong week, with $85 million in inflows—marking their largest inflows since August 5-9. Since their launch on July 23, Ethereum ETFs have accumulated a little over $1.1 billion, which factors in $2.9 billion in outflows from the Grayscale Ethereum Trust.The increase in Bitcoin ETF inflows came after the US Federal Reserve's interest rate cut on September 18, which has positively impacted the cryptocurrency market. Since then, Bitcoin has rallied 13.8%, reaching $65,800, according to CoinGecko data. The cryptocurrency now stands just 10.8% below its all-time high of $73,738, which was set on March 14.As the fourth quarter approaches, historical data from CoinGlass indicates that Bitcoin has seen gains of 50% or more in the fourth quarter of five out of the last nine years, highlighting a potential bullish trend.#Bitcoin #ETFs #Inflows #Cryptocurrency #BlackRock #ARK21Shares #Fidelity #Ethereum #InterestRateCut #BullishTrend #FinancialMarket #BTC
🚀 Crypto And Web3 Can Thrive With Proper Regulation, Says Expert
#Crypto #Web3 #Regulation #Blockchain #Decentralization #CryptoQuant #TokenIncentives #Innovation #Collaboration #FinancialSector
According to Odaily, CryptoQuant founder Ki Young Ju recently stated on X that cryptocurrencies and Web3 are not scams if properly regulated. He emphasized that Web3 enables borderless collaboration and value creation through token-based incentives, functioning more like protocols than companies. This represents a revolutionary shift in human cooperation. While multinational corporations like Google employ hundreds of thousands, Web3 protocols could potentially involve millions in the future. Although scams exist in any financial sector, this should not overshadow the immense potential of blockchain technology. With intelligent regulation, Web3 can evolve into a stable and trustworthy space. With the right rules, crypto and Web3 can responsibly flourish. Eventually, governments will make this happen. The question remains: how long will it take? This is why Ki Young Ju prefers politicians interested in cryptocurrencies, even if some of their views are extreme. Without interest, nothing progresses, and regulation won't develop. This is the current situation in South Korea. He hopes politicians will openly discuss cryptocurrencies to drive progress.#Crypto #Web3 #Regulation #Blockchain #Decentralization #CryptoQuant #TokenIncentives #Innovation #Collaboration #FinancialSector
🚀 AFM Warns Of Cryptocurrency Pump-And-Dump Risks Ahead Of MiCAR Implementation
#AFM #Cryptocurrency #PumpAndDump #MiCAR #MarketManipulation #CryptoRegulation #MarketIntegrity #Transparency #Web3 #CryptoAssets
According to Cointelegraph, the Dutch Authority for the Financial Markets (AFM) has issued a warning about the risks associated with cryptocurrency pump-and-dump schemes as new regulations are set to be implemented. The Markets in Crypto-Assets Regulation (MiCAR) will come into effect on December 30, aiming to prohibit market manipulation practices such as pump-and-dump schemes within the European Union. The AFM will be responsible for supervising and enforcing these new regulations in the Netherlands.
The MiCAR regulation is designed to enhance transparency and market integrity in the crypto sector by explicitly banning manipulative practices. The AFM has been investigating several cases of pump-and-dump schemes in recent months and plans to enforce the new regulations strictly once MiCAR is in effect. A pump-and-dump scheme involves artificially inflating the price of an asset, such as a cryptocurrency, by spreading misleading or exaggerated information, often through social media. Promoters buy a large amount of the asset at a low price, hype it up to encourage public participation at higher prices, and then sell their holdings once the price is inflated, leaving investors with devalued assets.
Hanzo van Beusekom, a member of the AFM’s executive board, stated that pump-and-dump schemes undermine trust in the crypto market, which is essential for the long-term potential of digital assets. The AFM’s alignment with Europe’s upcoming MiCAR bill is expected, but the regulatory framework could lead to an exodus of Web3 firms to the Middle East. Anastasija Plotnikova, CEO and co-founder of Fideum, expressed concerns that the regulation could lead to centralization and make the Web3 industry more akin to traditional finance.#AFM #Cryptocurrency #PumpAndDump #MiCAR #MarketManipulation #CryptoRegulation #MarketIntegrity #Transparency #Web3 #CryptoAssets
🚀 Wizzwoods To Launch Notcoin-Themed Architecture And Decorations
#Wizzwoods #Notcoin #gaming #architecture #decorations #Berachain #collaboration #innovation #pixelgame #NOT
According to Odaily, Wizzwoods will unveil Notcoin-themed architecture and decorations on September 29 at 17:00 (UTC+8). This collaboration integrates Notcoin's brand elements into the magical world of Wizzwoods, offering players a rich and personalized experience. The partnership not only enhances the gaming experience but also paves the way for future innovative collaborations for Wizzwoods. Players can look forward to exploring the unique charm created by the joint efforts of Wizzwoods and Notcoin.
Wizzwoods is the only pixel farm game on Berachain, co-incubated by Tabi.#Wizzwoods #Notcoin #gaming #architecture #decorations #Berachain #collaboration #innovation #pixelgame #NOT
🚀 Japanese Government Plans To Appoint New Ministers For Economic Security And Digital Affairs
#Japan #Government #EconomicSecurity #DigitalAffairs #Web3 #MinoruKihara #MasaakiTaira #ShigeruIshiba #Sota #CabinetAppointments
According to Odaily, the President of Japan's Liberal Democratic Party, Shigeru Ishiba, plans to appoint House of Representatives members Minoru Kihara and Masaaki Taira to cabinet positions in the next government. Sources indicate that Kihara is being considered for the role of Minister of Economic Security, while Taira is expected to be appointed as the Minister of Digital Affairs.
Startale CEO Sota expressed support for these potential appointments on social media, particularly highlighting Taira's likely new role. Sota welcomed the news, stating, 'The future of Web3 in Japan is very bright. Taira has extensive knowledge of Web3 and has consistently supported the industry.'#Japan #Government #EconomicSecurity #DigitalAffairs #Web3 #MinoruKihara #MasaakiTaira #ShigeruIshiba #Sota #CabinetAppointments