🚀 Bitcoin Spot ETF Options Likely To Launch In Early 2025, Analyst Predicts
#Bitcoin #ETFs #options #investment #SEC #CFTC #financialmarkets #2025
According to Odaily, Bloomberg ETF analyst James Seyffart has indicated that Bitcoin spot ETF options might be introduced in the United States by the first quarter of 2025. Speaking at the Permissionless conference on October 9, Seyffart stated, 'I think there is a possibility of launching (Bitcoin spot ETF) options by the end of this year, but it is more likely to happen in the first quarter of 2025.'
In September of this year, the U.S. Securities and Exchange Commission (SEC) authorized options related to BlackRock's IBIT to be listed on Nasdaq. These options are currently awaiting final approval from the Commodity Futures Trading Commission (CFTC) and the Options Clearing Corporation (OCC). Seyffart noted, 'Unlike the SEC's regulations, the CFTC and OCC do not have strict deadlines, so they can delay further if they choose to.'#Bitcoin #ETFs #options #investment #SEC #CFTC #financialmarkets #2025
🚀 Mantle Global Hackathon MNT Buildathon Opens Applications With $150,000 Prize Pool
#MantleGlobalHackathon #MNTBuildathon #hackathon #prizepool #ConInfra #ConCon #infrastructure #middleware #frontendapplications #socialapps #games #health #userfriendly #mentorship #DevCon #growth #adoption
According to Odaily, the Mantle Global Hackathon, known as MNT Buildathon, has opened its application process. The event features a total prize pool of $150,000 and is divided into two main tracks: ConInfra and ConCon. The ConInfra track focuses on building infrastructure or middleware to support next-generation consumer applications. Meanwhile, the ConCon track is dedicated to creating front-end applications, including social apps, games, health, and accountability tools, with an emphasis on user-friendly experiences.
The timeline for the event is as follows: Applications are open from October 9, 2024, to November 12, 2024. Participants will receive one-on-one mentorship and access to Mantle resources starting from October 16, 2024. The DevCon demonstration days are scheduled from November 12, 2024, to November 15, 2024. The growth and adoption phase will take place from November 18, 2024, to December 7, 2024.#MantleGlobalHackathon #MNTBuildathon #hackathon #prizepool #ConInfra #ConCon #infrastructure #middleware #frontendapplications #socialapps #games #health #userfriendly #mentorship #DevCon #growth #adoption
🚀 OpenAI's Financial Projections Indicate Significant Losses Until 2029
#OpenAI #FinancialProjections #Losses #Profitability #Revenue #Expenses #StockBasedCompensation
According to Odaily, OpenAI incurred expenses amounting to $340 million in the first half of 2024. The company's forecasts suggest that it will not achieve profitability until 2029, at which point its revenue is expected to reach $100 billion.
Analysis of data from OpenAI's financial documents indicates that the company's losses could escalate to $14 billion by 2026, nearly three times the anticipated losses for this year. The total projected losses from 2023 to 2028 are estimated to be $44 billion. This estimate does not account for stock-based compensation, which is one of OpenAI's largest expenditures, despite not being paid in cash.#OpenAI #FinancialProjections #Losses #Profitability #Revenue #Expenses #StockBasedCompensation
🚀 Nigeria Securities Regulator Vows To Combat Crypto Fraud And Market Manipulation
#Nigeria #SecuritiesRegulator #CryptoFraud #MarketManipulation #CryptoEducation #InvestorsProtection
According to Odaily, Nigeria's securities regulatory body has committed to intensifying efforts against fraud, money laundering, and market manipulation within the cryptocurrency sector. Emomotimi Agama, the Director-General of the country's Securities and Exchange Commission, has pledged stringent enforcement actions against illegal crypto platforms. He also emphasized the importance of educating investors to protect them from scams.#Nigeria #SecuritiesRegulator #CryptoFraud #MarketManipulation #CryptoEducation #InvestorsProtection
🚀 German Investment Firm Lennertz & Co. Seeks $165 Million for Third Crypto Fund
#LennertzCo #CryptoFund #Investment #Blockchain #VentureCapital #Cryptocurrency #FundOfFunds #PrivateEquity #Multicoin #Polychain #HackVC #BainCapital #Lightspeed #AndreessenHorowitz
According to Odaily, German investment firm Lennertz & Co. is aiming to raise $165 million for its third cryptocurrency fund. Oksana Tiedt, the head of fund investments at Lennertz, confirmed the fund has completed its first close but did not disclose specific figures. Founded in 2015, Lennertz & Co. is a multi-family office that invests in various asset classes, including private equity and traditional venture capital. The firm began exploring the blockchain sector around 2016 and launched a $35 million fund of funds in 2020 after privately investing in a fund. In 2022, it introduced a second $65 million fund. As a fund of funds, Lennertz does not directly invest in portfolio companies or token trades but rather invests in other firms, including well-known crypto venture capital firms like Multicoin, Polychain, and Hack VC. The second fund focused on generalist funds with crypto strategies, including Bain Capital, Lightspeed, and Andreessen Horowitz. With the third fund, Lennertz plans to invest in 8 to 10 blockchain-focused venture capital funds, some in Europe but mostly in the United States. Tiedt mentioned that Lennertz has already raised sufficient funds to invest in two funds, specifically Polychain and Bain Capital's crypto funds.#LennertzCo #CryptoFund #Investment #Blockchain #VentureCapital #Cryptocurrency #FundOfFunds #PrivateEquity #Multicoin #Polychain #HackVC #BainCapital #Lightspeed #AndreessenHorowitz
🚀 Intercom Partners With Anthropic To Enhance AI-Driven Customer Service
#Intercom #Anthropic #AI #CustomerService #ChatGPT #Investment #MachineLearning #GenerativeAI
According to Odaily, Irish technology company Intercom has ended its collaboration with ChatGPT and opted to partner with OpenAI's competitor, Anthropic, to drive growth in AI-powered customer service. Des Traynor, Intercom's co-founder and Chief Strategy Officer, stated that since integrating generative AI into customer service queries, the company has doubled its support volume without increasing staff size. In May, Intercom CEO Eoghan McCabe announced an additional $100 million investment in AI capabilities and the creation of 75 new jobs, focusing on expanding the machine learning department. Part of this investment includes collaborating with Anthropic's Claude to support its AI-driven Fin 2 customer service bot, instead of using OpenAI's ChatGPT, which powered the original Fin.#Intercom #Anthropic #AI #CustomerService #ChatGPT #Investment #MachineLearning #GenerativeAI
🚀 Texas Drug Ring Members Sentenced For Dark Web Activities
#Texas #DrugRing #DarkWeb #Loverbois #Cryptocurrency #Methamphetamine #FederalInvestigation #DrugOrders
According to Odaily, six members of a Texas drug ring have been sentenced for their involvement in dark web drug activities. The group, operating under the name 'Loverbois,' laundered up to $50,000 monthly using cryptocurrency. They sold nearly 12 kilograms of methamphetamine and handled approximately 20 drug orders daily from July 2019 to December 2020. Following a federal investigation that dismantled the network, the members received sentences ranging from probation to 84 months in prison.#Texas #DrugRing #DarkWeb #Loverbois #Cryptocurrency #Methamphetamine #FederalInvestigation #DrugOrders
🚀 Ethereum(ETH) Surpasses 2,400 USDT with a Narrowed 1.91% Decrease in 24 Hours
#Ethereum #ETH #USDT #cryptocurrency #Binance #marketdata #trading
On Oct 10, 2024, 05:46 AM(UTC). According to Binance Market Data, Ethereum has crossed the 2,400 USDT benchmark and is now trading at 2,400 USDT, with a narrowed narrowed 1.91% decrease in 24 hours.#Ethereum #ETH #USDT #cryptocurrency #Binance #marketdata #trading
🚀 Bitcoin(BTC) Surpasses 61,000 USDT with a Narrowed 2.34% Decrease in 24 Hours
#Bitcoin #BTC #USDT #cryptocurrency #marketdata #trading #finance
On Oct 10, 2024, 05:49 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 61,000 USDT benchmark and is now trading at 61,001.011719 USDT, with a narrowed narrowed 2.34% decrease in 24 hours.#Bitcoin #BTC #USDT #cryptocurrency #marketdata #trading #finance
🚀 Kriptown Secures €4.2 Million In Series A Funding
#Kriptown #SeriesAFunding #Blockchain #SecuritiesTrading #EuropeanDLTPilot #SMEs #BNPParibas #Bpifrance #FinancialMarkets #DLTTSS #ACPR
According to Odaily, French blockchain securities trading platform Kriptown has announced the completion of a €4.2 million Series A funding round. The round was led by BNP Paribas, Bpifrance, and Centilux Family Office, with BNP Paribas and Bpifrance becoming shareholders in the company. The newly acquired funds will be utilized to establish a European securities exchange specifically for small and medium-sized enterprises (SMEs) under the European DLT pilot regime. This initiative aims to create financial markets based on blockchain technology.
Additionally, Kriptown has officially submitted an application for a DLT TSS (Trading and Settlement System) license to the French Prudential Supervision and Resolution Authority (ACPR) under the European DLT pilot regime.#Kriptown #SeriesAFunding #Blockchain #SecuritiesTrading #EuropeanDLTPilot #SMEs #BNPParibas #Bpifrance #FinancialMarkets #DLTTSS #ACPR
🚀 MeWe Secures $6 Million In Series B Funding For AI And Web3 Development
#MeWe #Funding #ArtificialIntelligence #Web3 #SocialMedia #Decentralized #UserAcquisition #Marketing #NativeToken #PlatformEngagement
According to Odaily, privacy-focused social media network MeWe, which operates on the Decentralized Social Networking Protocol (DSNP), has successfully raised $6 million in a Series B funding round. The investment was led by McCourt Global. The newly acquired funds will be allocated towards the further development of artificial intelligence integration and the introduction of new Web3 product features. Additionally, the company plans to use the funds for strategic user acquisition through targeted marketing efforts and the launch of a native token aimed at enhancing user growth, platform engagement, and utility.#MeWe #Funding #ArtificialIntelligence #Web3 #SocialMedia #Decentralized #UserAcquisition #Marketing #NativeToken #PlatformEngagement
🚀 Malware Disguised As Legitimate Software Infects Over 28,000 Users
#Malware #Cybersecurity #CryptoMining #DoctorWeb #LegitimateSoftware #Infection #Cryptocurrency #Hackers #FraudulentLinks #Clipper
According to BlockBeats, on October 10, cybersecurity firm Doctor Web reported the detection of malware disguised as legitimate software, such as office programs, game cheats, and online trading bots. This crypto-mining and stealing software has infected over 28,000 users, primarily in Russia, but also in Belarus, Uzbekistan, Kazakhstan, Ukraine, Kyrgyzstan, and Turkey.
Doctor Web stated that hackers have only obtained approximately $6,000 worth of cryptocurrency. However, it remains unclear how much the malware creators have earned from cryptocurrency mining. The cybersecurity company noted that the sources of this malware include fraudulent GitHub pages and YouTube video descriptions with malicious links.
Once a device is infected, the covertly deployed software hijacks computing resources to mine cryptocurrency. The malware, known as 'Clipper,' also monitors the cryptocurrency wallet addresses copied to the device's clipboard and replaces them with addresses controlled by the attackers, enabling them to steal small amounts of cryptocurrency.#Malware #Cybersecurity #CryptoMining #DoctorWeb #LegitimateSoftware #Infection #Cryptocurrency #Hackers #FraudulentLinks #Clipper
🚀 Worldcoin Launches World ID Verification Service In Dominican Republic
#Worldcoin #WorldID #VerificationService #DominicanRepublic #DigitalIdentity #IdentityVerification #Security #Efficiency #WLD
According to Odaily, Worldcoin has announced the launch of its World ID verification service in the Dominican Republic. This new service aims to provide secure and reliable identity verification for users in the region. The introduction of World ID is part of Worldcoin's broader strategy to enhance digital identity solutions globally. The company believes that this service will significantly improve the security and efficiency of identity verification processes in the Dominican Republic.#Worldcoin #WorldID #VerificationService #DominicanRepublic #DigitalIdentity #IdentityVerification #Security #Efficiency #WLD
🚀 ECB Questions Stability Of Stablecoins Amid US Monetary Policy Influence
#ECB #Stablecoins #MonetaryPolicy #Cryptocurrencies #USInterestRates #MarketVolatility #FinancialMarkets #DigitalAssets #InvestmentSafety
According to Odaily, the European Central Bank (ECB) has raised doubts about the perception of stablecoins as a 'safe haven' for investors during market turbulence, arguing that they are significantly influenced by U.S. monetary policy. A recent working paper examined the connections between U.S. monetary policy, money market funds (MMFs), and stablecoins. The authors concluded that 'monetary policy, especially dollar policy, is a key link between cryptocurrencies and traditional financial markets.' The paper highlighted that stablecoins, which typically have a fixed price and are often pegged to fiat currencies like the U.S. dollar, are susceptible to shocks from traditional financial markets, such as changes in U.S. monetary policy, including interest rate hikes.
The ECB evaluated data since 2019 and found that U.S. government interest rate increases led to a 10% decline in the market value of stablecoins within the following 12 weeks. In contrast, traditional non-crypto assets, such as money market funds, experienced significant capital inflows during the same period.#ECB #Stablecoins #MonetaryPolicy #Cryptocurrencies #USInterestRates #MarketVolatility #FinancialMarkets #DigitalAssets #InvestmentSafety
🚀 Argentina's Growing Adoption Of Stablecoins Amid Currency Devaluation
#Argentina #Stablecoins #Cryptocurrency #CurrencyDevaluation #Inflation #FinancialFuture #CryptoAdoption #Blockchain
According to Odaily, blockchain security firm Chainalysis released a study on Wednesday indicating that Argentina's cryptocurrency adoption rate is on the rise, with a notable correlation between the use of stablecoins and the country's currency devaluation. The study reveals that stablecoins account for 61.8% of all crypto transactions in Argentina, surpassing Brazil's 59.8% and only trailing behind Colombia's 66%.
The report attributes the surge in the use of stablecoins in Argentina to the population's need to gain exposure to the US dollar. Argentina is recognized as one of the countries with the highest inflation rates globally. The report states, 'The interest in stablecoins among Argentinians highlights the role of cryptocurrencies in unstable markets and how citizens can better control their financial future by adopting cryptocurrencies, regardless of official monetary policies.'
Additionally, the report notes that the devaluation of the Argentine peso frequently leads to an increase in stablecoin transactions on crypto exchanges.#Argentina #Stablecoins #Cryptocurrency #CurrencyDevaluation #Inflation #FinancialFuture #CryptoAdoption #Blockchain
🚀 Tron And El Dorado Collaborate On Gas-Free USDT Transactions In Latin America
#Tron #ElDorado #USDT #GasFreeTransactions #LatinAmerica #Stablecoin #Blockchain #Ethereum #Crypto #PeerToPeerTransactions #Finance #TRX
According to Odaily, Tron and El Dorado have announced a collaboration to pilot gas-free USDT transactions in Latin America. From October 7 to October 30, users will be able to withdraw USDT from the Tron network to external wallets through the El Dorado platform without incurring gas fees, albeit with a limited number of free transactions per day. El Dorado, a leading stablecoin trading platform in Latin America, has facilitated over 2.5 million USDT in peer-to-peer transactions and serves a community of more than 270,000 users.
In July, Tron founder Justin Sun revealed that the team is developing a gas-free transfer solution, expected to launch in the fourth quarter of this year. The costs will be entirely covered by the stablecoin itself. This innovation will initially be implemented on the Tron blockchain and later extended to Ethereum and all EVM-compatible public chains.
As of now, the circulating supply of TRC20-USDT exceeds 61.8 billion tokens, accounting for 51% of the total USDT supply across all networks. The number of users has surpassed 53.65 million, with over 2.037 billion cumulative transactions, making it the most widely adopted on-chain stablecoin.#Tron #ElDorado #USDT #GasFreeTransactions #LatinAmerica #Stablecoin #Blockchain #Ethereum #Crypto #PeerToPeerTransactions #Finance #TRX
🚀 Banana Capital Expands Fund To $100 Million For AI-Driven DeFi Strategies
#BananaCapital #InvestmentFund #AIDriven #DeFi #Web3 #AssetManagement #CapitalEfficiency #Cryptocurrency #ETH #BTC #SOL
According to Odaily, investment fund Banana Capital has announced plans to increase its fund size to $100 million. This expansion aims to enhance AI-driven DeFi strategies for more efficient Web3 asset management and to improve capital efficiency in addressing the risk of impermanent loss in decentralized exchange (DEX) liquidity pools. The fund is currently developing an IT solution to help users effectively manage the capital and liquidity pools of any investment portfolio. At present, its primary service targets cryptocurrency investors holding ETH, BTC, or SOL in their portfolios.#BananaCapital #InvestmentFund #AIDriven #DeFi #Web3 #AssetManagement #CapitalEfficiency #Cryptocurrency #ETH #BTC #SOL
🚀 Tesla Announces Robotaxi Conference Amid Token Surge
#Tesla #Robotaxi #Token #Cryptocurrency #Conference #MarketSurge #October11
According to Odaily, Tesla has announced that the 'WE, ROBOT' Robotaxi conference will be held on October 11 at 10 AM (UTC+8). Following this announcement, the Robotaxi (TAXI) token experienced a significant increase, although it has since retreated to $0.009345. The token saw a 24-hour surge of 109.4%, with its market capitalization reaching $934,542.#Tesla #Robotaxi #Token #Cryptocurrency #Conference #MarketSurge #October11
🚀 BTC And ETH Options Set To Expire With Significant Values
#BTC #ETH #Options #Expiration #PutCallRatio #MaxPain
According to BlockBeats, BTC options worth $1.1 billion are set to expire and be delivered tomorrow. The Put/Call Ratio for these options stands at 0.95, with a maximum pain point of $62,000.
Additionally, ETH options valued at $470 million will also expire and be delivered tomorrow. The Put/Call Ratio for ETH options is 0.44, with a maximum pain point of $2,500.#BTC #ETH #Options #Expiration #PutCallRatio #MaxPain
🚀 WOO Innovation Center Partners With DEX SphereX To Enhance Decentralized Trading
#winnovationcenter #dexspherex #decentralizedtrading #decentralizedfinance #defi #innovation #crosschain #tradingtools #WOO
According to Foresight News, WOO Innovation Center has entered into a strategic partnership with DEX SphereX to advance meme-driven decentralized trading. The collaboration aims to bring innovation to decentralized finance (DeFi), improve accessibility, and enhance cross-chain capital efficiency. Additionally, the partnership seeks to provide more users with access to advanced trading tools.#winnovationcenter #dexspherex #decentralizedtrading #decentralizedfinance #defi #innovation #crosschain #tradingtools #WOO
🚀 Primex Integrates With Orderly Network To Launch Perpetual Contract Trading
#Primex #OrderlyNetwork #PerpetualContract #Trading #CryptoTrading #DecentralizedFinance #Hedging #FuturesMarket
According to Odaily, Primex has announced its integration with the cross-chain liquidity infrastructure project, Orderly Network, to introduce perpetual contract trading. This upgrade allows Primex users to open positions in both spot and futures markets, thereby capturing more trading opportunities and providing greater flexibility in hedging positions.
Additionally, perpetual contract trading on Primex operates separately from the spot liquidity pool. In this new feature, Orderly Network provides the leverage and decentralized infrastructure support required for trade execution on Primex.#Primex #OrderlyNetwork #PerpetualContract #Trading #CryptoTrading #DecentralizedFinance #Hedging #FuturesMarket