🚀 Ethereum Trader Profits $2.8 Million in 38 Days
#Ethereum #Trader #Profit #ETH #Cryptocurrency #Blockchain #Investment #Finance
According to BlockBeats, myparagon.eth has sold the remaining 4,802 ETH (worth $12.56 million) 40 minutes ago, achieving a profit of approximately $2.8 million within 38 days.
The trader initially purchased 9,050 ETH on September 7 and September 9 at an average price of $2,293 per ETH, totaling $20.75 million. Subsequently, all ETH was sold on September 30, October 2, and October 15 at an average price of $2,598 per ETH, resulting in the significant profit.#Ethereum #Trader #Profit #ETH #Cryptocurrency #Blockchain #Investment #Finance
🚀 Lido Staking Data Shows Slight Increase in TVL and stETH Rate
#Lido #Staking #TVL #stETH #ETH #Crypto #DeFi #Blockchain
According to Odaily, Lido released its staking data for the past week, covering October 7 to October 14. The data indicates a slight increase in the Total Value Locked (TVL) due to the rise in ETH prices, with TVL increasing by 0.58% to reach $24.1 billion. The net amount of ETH unstaked through Lido decreased by 0.62%, totaling 52,128 ETH. Additionally, the 7-day stETH rate rose by 19 basis points, reaching 3.17%.
The trading volume for stETH over the past week was $863.09 million, marking a 2.11% increase compared to the previous week. The amount of wstETH bridged also saw growth, increasing by 4.80% to reach 208,043 wstETH.#Lido #Staking #TVL #stETH #ETH #Crypto #DeFi #Blockchain
🚀 Polkadot Treasury Report Reveals Q3 Financial Overview
#Polkadot #TreasuryReport #Q32024 #DOT #FinancialOverview #Expenditures #Marketing #Development #OperationalExpenses #EconomicIncentives
According to Odaily, Polkadot community members Alice und Bob have released the Treasury Operations Report for the third quarter of 2024 on the official governance forum. The report indicates that the Polkadot treasury holds a balance of 33.3 million DOT (approximately $153 million). After accounting for liabilities, the surplus stands at 32.4 million DOT (around $149 million).
In terms of expenditures, the Polkadot treasury spent a total of $27 million (5.2 million DOT) in the third quarter, which is about half of the total expenditure in the second quarter (decreasing from $58 million to $27 million). When measured in DOT, the expenditure dropped from 8 million DOT to 5.2 million DOT. Specifically, marketing-related expenses saw the most significant reduction, falling from $27 million to $9.9 million. Development-related expenses remained stable, increasing slightly from $10 million to $11.9 million. Operational expenses also remained similar, decreasing from $1.7 million to $1.4 million. Talent and education-related expenses saw a slight increase, rising from $2.3 million to $3.8 million. Research expenses were at a low, dropping from $1.5 million to $310,000. No economic incentive proposals were approved this quarter.#Polkadot #TreasuryReport #Q32024 #DOT #FinancialOverview #Expenditures #Marketing #Development #OperationalExpenses #EconomicIncentives
🚀 BNB Surpasses 590 USDT with a 1.57% Increase in 24 Hours
#BNB #USDT #Binance #cryptocurrency #marketdata #trading
On Oct 15, 2024, 10:49 AM(UTC). According to Binance Market Data, BNB has crossed the 590 USDT benchmark and is now trading at 590.400024 USDT, with a narrowed 1.57% increase in 24 hours.#BNB #USDT #Binance #cryptocurrency #marketdata #trading
🚀 SingularityDAO Plans Merger With Cogito Finance And SelfKey
#SingularityDAO #CogitoFinance #SelfKey #merger #AI #Layer2 #blockchain #innovation #technology
According to BlockBeats, on October 15, SingularityDAO announced plans to merge with Cogito Finance and SelfKey. This merger aims to create an AI-centric Layer 2 project, enhancing the capabilities and offerings of the involved entities. The collaboration is expected to leverage the strengths of each organization, focusing on artificial intelligence to drive innovation and efficiency in the blockchain space. The integration of these companies is anticipated to bring significant advancements in AI technology and its application within the blockchain ecosystem.#SingularityDAO #CogitoFinance #SelfKey #merger #AI #Layer2 #blockchain #innovation #technology
🚀 EdgeX Global Tour Kicks Off In Taipei On October 18
#EdgeX #GlobalTour #Taipei #AmberGroup #DecentralizedTrading #Derivatives #TradingVolume #FinancialSystem #UserCommunity #Blockchain
According to Odaily, the first stop of the edgeX Global Tour will be held on October 18 at 2 PM (UTC+8) in Taipei. EdgeX, a high-performance modular financial system incubated by Amber Group, has recently launched its first decentralized derivatives trading platform, edgeX exchange. Since its launch in September 2024, edgeX exchange has achieved a total trading volume exceeding $2.6 billion. The edgeX Global Tour aims to connect trading users and communities worldwide, focusing on user needs to provide better services. Following the Taipei event, edgeX will continue its global tour in over ten cities, including Kuala Lumpur, Hong Kong, Seoul, Dubai, New York, and London.#EdgeX #GlobalTour #Taipei #AmberGroup #DecentralizedTrading #Derivatives #TradingVolume #FinancialSystem #UserCommunity #Blockchain
🚀 PancakeSwap Introduces PancakeSwapX for Zero-Fee Transfers
#PancakeSwap #PancakeSwapX #ZeroFee #Transfers #GasFree #Ethereum #Arbitrum #AssetExchanges #CAKE #ETH #ARB
According to Foresight News, PancakeSwap has launched a new product called PancakeSwapX. This innovative platform allows users to perform zero-fee transfers and gas-free asset exchanges on both the Ethereum and Arbitrum networks.#PancakeSwap #PancakeSwapX #ZeroFee #Transfers #GasFree #Ethereum #Arbitrum #AssetExchanges #CAKE #ETH #ARB
🚀 World Of Dypians Secures New Funding Round And Partners With IBC Group
#WorldOfDypians #FundingRound #IBGroup #Blockchain #Metaverse #DeFi #NFTs #Partnership
According to Odaily, the blockchain-based metaverse platform World of Dypians has announced the completion of a new funding round. IBC Group Official participated in this round and has entered into a partnership with the platform. The specific amount of the funding has not been disclosed. World of Dypians integrates elements of DeFi and NFTs, allowing players to own assets and participate in trading and governance.#WorldOfDypians #FundingRound #IBGroup #Blockchain #Metaverse #DeFi #NFTs #Partnership
🚀 DeepBook Protocol Token Surges Over 159% in 24 Hours
#DeepBookProtocol #DEEP #SuiEcosystem #DeFi #cryptocurrency #token #priceincrease #marketcapitalization #tradingvolume #Coingecko
According to BlockBeats, on October 15, data from Coingecko revealed that the native token of the Sui ecosystem DeFi platform, DeepBook Protocol (DEEP), experienced a significant price increase. The token surged to $0.035, marking a 24-hour gain of 159.4%, and is currently priced at $0.03438.
As of the time of reporting, DEEP's market capitalization stands at $85.94 million, with a fully diluted valuation (FDV) reaching $343 million. The total 24-hour trading volume across the network is reported to be $67.97 million.#DeepBookProtocol #DEEP #SuiEcosystem #DeFi #cryptocurrency #token #priceincrease #marketcapitalization #tradingvolume #Coingecko
🚀 Virtual Asset Market Shows Signs Of Recovery Amid Increased ETF Inflows
#VirtualAssetMarket #Recovery #Bitcoin #Ethereum #Altcoins #ETFs #Investment #MemeCoins #Trading #MarketTrends #BTC #ETH
According to Odaily, the virtual asset market has continued its slight fluctuations from last week, with major assets like Bitcoin and Ethereum experiencing some volatility. However, Altcoins with higher odds are showing signs of recovery and exiting their downward trend. Last week, approximately $3.08 billion flowed into Bitcoin ETFs, while Ethereum ETFs saw an inflow of around $5 million. The internal weak balance has been disrupted, with short-term holders gradually increasing their positions, potentially signaling the start of a recovery phase. Shadow stocks of virtual assets, such as MicroStrategy, have reached new highs, and the trading volume of its 2x long ETF is also gradually expanding. Investment in meme coins remains hot, indicating a rise in market risk appetite. However, there is a stronger inclination towards trading high-odds derivative products rather than the assets themselves. The virtual asset market may need to wait for the wealth effect from global stock markets to spill over and boost market share.#VirtualAssetMarket #Recovery #Bitcoin #Ethereum #Altcoins #ETFs #Investment #MemeCoins #Trading #MarketTrends #BTC #ETH
🚀 Mysten Labs Explores Web3 Gaming With New Hardware Device
#MystenLabs #Web3 #Gaming #SuiFoundation #AI #DeFi #NFTs #SuiPlay0X1 #Blockchain #Elympics #CryptoWallets #UserExperience #SUI
According to Cointelegraph, Christian Thompson, the chief information security officer at Mysten Labs, emphasized the significance of gaming as a sandbox for exploring various technologies at the Future Blockchain Summit in Dubai on Oct. 14. Mysten Labs, a primary contributor to the Sui Foundation, is leveraging gaming to delve into the Web3 space, which integrates artificial intelligence, decentralized finance (DeFi), and non-fungible tokens (NFTs).
Thompson highlighted that gaming offers Mysten Labs an experimental platform to apply these technologies. He stated, “Gaming isn’t just about gaming for us. It is really this idea that we get this sandbox and be able to explore all of the avenues of technology.” This approach is exemplified by their upcoming hardware gaming device, “SuiPlay0X1,” which was announced on Sept. 3 and is expected to be delivered in the first half of 2025. The device aims to enable users to play games built on the Sui blockchain and on PC, facilitating interaction with AI, DeFi, and NFTs.
Thompson explained that the SuiPlay0X1 represents Mysten Labs’ initial foray into hardware for gaming and Web3, providing users with a dynamic interaction with emerging technologies. He noted that the focus on hardware is intended to simplify user engagement with Web3 technology.
A survey by Web3 gaming protocol Elympics identified the complexity of crypto wallets as a significant barrier preventing gamers from trying Web3 games, with over 10% of participants citing this as the primary reason. Thompson acknowledged that the historical user experience of onboarding gamers into Web3 systems has been challenging. However, he shared that Mysten Labs is working on improving this experience by developing a method for users to obtain a wallet using their Facebook or Google accounts with a single click. He expressed optimism that the user experience will continue to improve over time, although there is still progress to be made.#MystenLabs #Web3 #Gaming #SuiFoundation #AI #DeFi #NFTs #SuiPlay0X1 #Blockchain #Elympics #CryptoWallets #UserExperience #SUI
🚀 Ultiverse And ORA Launch AI Gaming Hackathon With Major Backing
#Ultiverse #ORA #AIGamingHackathon #OAG #Web3 #Gaming #PolychainCapital #DAO5 #AnimocaBrands #Funding #Marketing #SustainableGrowth #Incubator #Investors
According to Foresight News, Ultiverse and ORA have partnered to launch an AI Gaming Hackathon named O.A.G, with support from Polychain Capital, DAO5, and Animoca Brands. The initiative aims to enhance AI-driven Web3 games and applications, focusing on product-market fit, fundraising, marketing strategies, and sustainable growth.
Selected projects can receive up to $2 million in funding, along with marketing and strategic support. The first batch of applications will open tomorrow and close on December 12. Participants in the O.A.G incubator will have the opportunity to present their projects to investors.#Ultiverse #ORA #AIGamingHackathon #OAG #Web3 #Gaming #PolychainCapital #DAO5 #AnimocaBrands #Funding #Marketing #SustainableGrowth #Incubator #Investors
🚀 Ton Ecosystem Decentralized Exchange Ston.fi Launches Liquidity Aggregation Protocol
#TON #Ecosystem #DecentralizedExchange #STONfi #LiquidityAggregation #Omniston #TokenSwaps #LiquidityProvision #Blockchain #CrossChainFunctionality
According to Odaily, the TON ecosystem decentralized exchange STON.fi has introduced a new liquidity aggregation protocol named Omniston. This protocol aims to simplify token swaps and liquidity provision based on the TON blockchain. Additionally, it has been reported that the protocol will later introduce cross-chain functionality to expand into other blockchain ecosystems.#TON #Ecosystem #DecentralizedExchange #STONfi #LiquidityAggregation #Omniston #TokenSwaps #LiquidityProvision #Blockchain #CrossChainFunctionality
🚀 Seoul National University Halts Cryptocurrency Donations Amid Regulatory Concerns
#SeoulNationalUniversity #Cryptocurrency #Donations #RegulatoryConcerns #WEMIX #Volatility #DigitalCurrencies #FinancialCompliance #EducationalInstitutions #StartupFund
According to Odaily, Seoul National University has announced a suspension of cryptocurrency donations until stability and regulatory assurances are in place. This decision follows a controversy sparked by a pledge from gaming company Wemade to donate WEMIX tokens worth 1 billion KRW (approximately 737,000 USD) to a startup fund.
The university's move highlights ongoing concerns about the volatility and regulatory landscape of digital currencies. As institutions grapple with the integration of cryptocurrencies into traditional financial systems, the need for clear guidelines and stability becomes increasingly evident. Seoul National University's decision underscores the importance of ensuring that donations and financial contributions are secure and compliant with existing regulations.
This development is part of a broader trend where educational institutions and other organizations are cautious about accepting cryptocurrency donations. The fluctuating value of digital assets and the evolving regulatory environment pose significant challenges. By pausing cryptocurrency donations, Seoul National University aims to mitigate potential risks and ensure that any future contributions are both stable and legally sound.#SeoulNationalUniversity #Cryptocurrency #Donations #RegulatoryConcerns #WEMIX #Volatility #DigitalCurrencies #FinancialCompliance #EducationalInstitutions #StartupFund
🚀 Metaverse Game Mines Of Dalarnia Launches DAR Token
#Metaverse #MinesOfDalarnia #DAR #Gaming #TokenLaunch
According to Odaily, the metaverse game Mines of Dalarnia has announced on the X platform that the DAR token is now officially launched. All MOD followers are eligible to receive the initial supply of DAR. Holding DAR will allow participation in all future test projects.#Metaverse #MinesOfDalarnia #DAR #Gaming #TokenLaunch
🚀 Blockchain Financial Service App Predicate Secures $7 Million Funding
#Blockchain #FinancialServices #Funding #Investment #Predicate #1kx #Development #Expansion
According to Odaily, blockchain financial service application Predicate has successfully raised $7 million in a recent funding round. The investment saw participation from notable investors, including 1kx and others. This funding aims to support Predicate's ongoing development and expansion in the blockchain financial services sector.#Blockchain #FinancialServices #Funding #Investment #Predicate #1kx #Development #Expansion
🚀 Ton Blockchain Developers Share Insights On Development Journey
#TON #Blockchain #Developers #CatChain #Community #Cryptocurrency #Ecosystem #CATIZEN
According to PANews, core developers of the TON blockchain recently shared rare insights into the development journey of the project. They revealed that the founders of TON and Telegram had initially envisioned building a 'Cat Chain' community consensus on the TON blockchain. This vision laid the foundation for the rise of cat culture within the TON ecosystem. The tweet quickly garnered attention from various cat-themed communities within the TON ecosystem, with projects like CATIZEN reposting it on their official channels.#TON #Blockchain #Developers #CatChain #Community #Cryptocurrency #Ecosystem #CATIZEN
🚀 Amazon And Databricks Forge Five-Year AI Chip Partnership
#Amazon #Databricks #AIchips #partnership #artificialintelligence #technology
According to PANews, Amazon has entered into a five-year collaboration with data and artificial intelligence company Databricks. This partnership focuses on the development and utilization of AI chips, aiming to enhance the capabilities and performance of artificial intelligence applications.#Amazon #Databricks #AIchips #partnership #artificialintelligence #technology
🚀 Bitcoin Liquidity Protocol Yala Launches Testnet
#Bitcoin #Yala #LiquidityProtocol #Testnet #MetaMint #Stablecoin #Funding #PolychainCapital #EtherealVentures
According to Foresight News, Bitcoin liquidity protocol and stablecoin issuer Yala has announced the launch of its testnet. Users can now deposit MetaMint YU, manage their positions, and stake their YU to earn BERRIES points.
Previously, Foresight News reported that Yala completed an $8 million seed funding round, led by Polychain Capital and Ethereal Ventures.#Bitcoin #Yala #LiquidityProtocol #Testnet #MetaMint #Stablecoin #Funding #PolychainCapital #EtherealVentures
🚀 Victory Securities Launches First Web3 Multi-Strategy Fund in Hong Kong
#VictorySecurities #Web3 #MultiStrategyFund #HongKong #Stablecoins #VirtualAssets #SFC #Investment #FinancialSector #RegulatoryFramework
According to Odaily, Victory Securities has successfully navigated regulatory inquiries with the Hong Kong Securities and Futures Commission (SFC) and, as of October 10, 2024, is authorized to launch and manage the Victory VSG Virtual Asset Multi-Strategy Fund. This fund will allow investors to subscribe using stablecoins. This marks the first Web3 multi-strategy compliant fund initiated by an SFC-licensed virtual asset investment organizer since the SFC implemented its regulatory framework for virtual asset investment companies in 2018.
Victory Securities will collaborate with Virtual Seed Asset Management (Hong Kong) Limited (VSG), which will serve as the investment advisor for the fund. The partnership aims to leverage VSG's expertise in virtual asset management to ensure the fund's success. The fund's approval and launch signify a significant milestone in the regulatory landscape for virtual assets in Hong Kong, reflecting the growing acceptance and integration of digital assets within the financial sector.#VictorySecurities #Web3 #MultiStrategyFund #HongKong #Stablecoins #VirtualAssets #SFC #Investment #FinancialSector #RegulatoryFramework
🚀 Fractal Bitcoin Announces Season 1 Grant Recipients And Opens Season 2 Applications
#FractalBitcoin #Season1 #GrantRecipients #Season2 #Applications #Bitcoin #FB #Crypto #Funding
According to Odaily, Fractal Bitcoin has announced the recipients of its Season 1 grants on the X platform and has opened applications for Season 2. In the first season, a total of 105 applications were received. Each recipient of the Season 1 grants will receive 5,000 FB, with the total prize pool for the season amounting to 50,000 FB.#FractalBitcoin #Season1 #GrantRecipients #Season2 #Applications #Bitcoin #FB #Crypto #Funding