🚀 Ethereum Validators See Significant Growth Amid Institutional Adoption
#Ethereum #Validators #InstitutionalAdoption #Cryptocurrency #LiquidStaking #Restaking #StakedETH #DeFi #ShanghaiUpgrade #Polygon #ProofOfStake #ETFs #ETH
According to Cointelegraph, Ethereum validators have experienced substantial growth over the past year, reflecting the increasing institutional adoption of cryptocurrencies. The number of Ethereum validators surged by over 30%, surpassing one million for the first time in June 2024, up from 824,300 in September 2023, as per a research report from Flipside Crypto.
Carlos Mercado, a data scientist at Flipside Crypto, attributed this rise to growing institutional interest driven by developments in the restaking and liquid staking sectors. He explained that liquid staking and restaking have attracted institutions by offering immediate liquidity and enhanced capital efficiency. Restaking protocols allow validators and stakers to restake liquid staking derivative tokens like Lido Staked ETH (STETH) and RocketPool’s rETH to secure and validate other networks. These assets can also be used in other decentralized finance (DeFi) protocols to earn additional yield.
The total amount of staked Ether (ETH) increased by more than 27% over the past year, surpassing 34.7 million staked ETH for the first time in September. This growth is attributed to the Shanghai upgrade and the approval of the first Ethereum futures exchange-traded funds (ETFs), which introduced significant growth periods for staked Ether. The Shanghai upgrade, which occurred in April 2023, enabled network participants to unstake their Ether for the first time since the network transitioned to proof-of-stake (PoS) during the Merge.
Ethereum’s validator growth is part of a broader increase in staking activities across other blockchains, including Polygon’s PoS network. Polygon wallets involved in staking increased by more than 36.4% over the past year, although the number of Polygon-based validators has remained steady since June, partly due to the blockchain’s validator cap. This cross-chain validator growth indicates that participants are not deterred by the potential for reduced staking returns, as noted in the report.#Ethereum #Validators #InstitutionalAdoption #Cryptocurrency #LiquidStaking #Restaking #StakedETH #DeFi #ShanghaiUpgrade #Polygon #ProofOfStake #ETFs #ETH
🚀 Pendle Partners With Sky To Introduce sUSDS Market
#Pendle #Sky #sUSDS #RealWorldAssets #partnership #crypto #finance
According to Foresight News, Pendle has announced a collaboration with Sky to expand its Real-World Assets (RWA) product line. This partnership will introduce a new sUSDS market, with a maturity date set for March 27, 2025.#Pendle #Sky #sUSDS #RealWorldAssets #partnership #crypto #finance
🚀 Ondo Finance's USDY Stablecoin TVL Surpasses $100 Million on Solana
#OndoFinance #USDY #Stablecoin #TVL #Solana #RWA #Crypto #Blockchain #SOL
According to Foresight News, the RWA protocol Ondo Finance has announced that the total value locked (TVL) of its yield-stablecoin USDY on the Solana blockchain has exceeded $100 million. This milestone marks a growth of over 100% in the past 30 days, making USDY the fourth-largest stablecoin on Solana.#OndoFinance #USDY #Stablecoin #TVL #Solana #RWA #Crypto #Blockchain #SOL
🚀 Apple App Store Experiences Suspected Malfunction
#Apple #AppStore #Malfunction #Users #Apps #DigitalPlatforms #TechnicalDifficulties #iOS #Infrastructure
According to Odaily, multiple users have reported issues with the Apple App Store, indicating a potential malfunction. Users have been unable to download applications through the platform, leading to widespread inconvenience.
The problem appears to be affecting a significant number of users, although the exact cause of the malfunction remains unclear. Apple has yet to release an official statement addressing the issue or providing a timeline for resolution. As the situation develops, users are advised to monitor official Apple channels for updates and potential fixes.
This incident highlights the reliance on digital platforms for everyday tasks and the disruptions that can occur when such services face technical difficulties. The Apple App Store is a critical component for iOS users, providing access to a wide range of applications essential for both personal and professional use. The current malfunction underscores the importance of maintaining robust and reliable digital infrastructure to support user needs.#Apple #AppStore #Malfunction #Users #Apps #DigitalPlatforms #TechnicalDifficulties #iOS #Infrastructure
🚀 Plume Network Partners With Projective Finance To Tokenize Solar Assets
#PlumeNetwork #ProjectiveFinance #Tokenization #SolarAssets #Crypto #Stablecoins #PhysicalAssets #MiningRights #MedicaidClaims
According to Odaily, Plume Network, a startup specializing in the tokenization of physical assets, has announced a collaboration with Projective Finance. This partnership has enabled the provision of $100 million worth of solar assets to users. By depositing crypto assets such as stablecoins, users can now earn returns from these solar assets.
Plume Network has ambitious plans to tokenize approximately $1.25 billion worth of physical assets by the fourth quarter of this year. In addition to solar assets, the company aims to include mining rights and Medicaid claims in its tokenization efforts.#PlumeNetwork #ProjectiveFinance #Tokenization #SolarAssets #Crypto #Stablecoins #PhysicalAssets #MiningRights #MedicaidClaims
🚀 Paxos Introduces Yield-Bearing Stablecoin Wrapped Lift Dollar On Injective
#Paxos #YieldBearingStablecoin #WrappedLiftDollar #wUSDL #Injective #DeFi #Ethereum #Stablecoin #USDollar #INJ
According to Odaily, Injective has announced on the X platform that Paxos has launched a yield-bearing stablecoin called Wrapped Lift Dollar (wUSDL) within the Injective ecosystem. Users can utilize this new stablecoin within Injective's DeFi protocol suite and earn returns by holding the asset. wUSDL is a wrapped version of USDL on Ethereum, which is pegged 1:1 to the US dollar.#Paxos #YieldBearingStablecoin #WrappedLiftDollar #wUSDL #Injective #DeFi #Ethereum #Stablecoin #USDollar #INJ
🚀 Three Arrowz Capitel Invests In Meme Project Astrofolio
#ThreeArrowzCapitel #Astrofolio #investment #zodiacktokens #memetokens #ZhuSu #cryptocurrency #Odaily #safety #assets
According to Odaily, the official account of Three Arrowz Capitel announced its investment in the Meme project Astrofolio, acquiring 0.7% of the total supply of its 12 zodiac tokens. The official account, which resumed updates on September 28, has been rebranded from its previous name, Three Arrows Capital. The ENS domain has also been newly registered. The account's description states that this 'capital' was newly founded by Zhu Su in 2024. Odaily advises users to ensure the safety of their assets and to be cautious when selecting investment targets.#ThreeArrowzCapitel #Astrofolio #investment #zodiacktokens #memetokens #ZhuSu #cryptocurrency #Odaily #safety #assets
🚀 Cryptocurrency Market Sees $148 Million in Liquidations Over 24 Hours
#Cryptocurrency #Market #Liquidations #Bitcoin #Ethereum #Volatility #RiskManagement #Trading #BTC #ETH
According to PANews, data from Coinglass reveals that the cryptocurrency market experienced significant liquidations amounting to $148 million over the past 24 hours. Of this total, long positions accounted for $80.82 million, while short positions saw liquidations of $67.46 million.
Bitcoin (BTC) led the liquidations with a total of $44.71 million, followed by Ethereum (ETH) with $20.85 million. The data highlights the volatility and risk associated with trading in the cryptocurrency market, as substantial amounts were liquidated in a short period.
The figures underscore the importance of risk management for traders in the highly volatile cryptocurrency market. As the market continues to evolve, traders are advised to stay informed and exercise caution to mitigate potential losses.#Cryptocurrency #Market #Liquidations #Bitcoin #Ethereum #Volatility #RiskManagement #Trading #BTC #ETH
🚀 BlackRock Purchases 4,323 BTC Worth $293.41 Million
#BlackRock #BTC #Bitcoin #Cryptocurrency #Investment #Blockchain
According to Odaily, Lookonchain monitoring has revealed that BlackRock acquired 4,323 BTC yesterday, valued at approximately $293.41 million. This recent purchase brings BlackRock's total holdings to 375,169 BTC, with an estimated value of $25.46 billion.#BlackRock #BTC #Bitcoin #Cryptocurrency #Investment #Blockchain
🚀 Bitcoin Wallet Dormant For 13 Years Activated With $10 Million Worth Of BTC
#Bitcoin #Wallet #Dormant #Activated #BTC #Cryptocurrency #Investment #PANews
According to PANews, a Bitcoin address that had been inactive for 13.3 years was recently activated. The wallet contains 150 Bitcoins, which are currently valued at approximately $10.16 million. Back in 2011, these Bitcoins were worth only $2,541.#Bitcoin #Wallet #Dormant #Activated #BTC #Cryptocurrency #Investment #PANews
🚀 Satoshi Nakamoto's Identity To Remain A Mystery, Says Blockstream CEO
#SatoshiNakamoto #Bitcoin #Blockstream #AdamBack #cryptocurrency #decentralization #digitalgold #anonymity #BTC #ETH
According to Cointelegraph, Adam Back, the co-founder and CEO of Blockstream, believes that the identity of Satoshi Nakamoto, the founder of Bitcoin, will always remain unknown. Back considers this anonymity beneficial for Bitcoin's future.
In an exclusive interview, Back noted that numerous attempts have been made to uncover Satoshi's identity by analyzing emails and forum posts spanning over 15 years, but these efforts have yielded no results. As an early Bitcoin developer who communicated with Satoshi, Back argues that Bitcoin's lack of a central figure, unlike Ethereum's Vitalik Buterin, enhances its status as a commodity. This characteristic differentiates Bitcoin from other cryptocurrencies, which are more comparable to securities.
Back elaborated that Bitcoin's decentralized nature makes it feel more like a discovery rather than a startup or invention. He also stressed the importance of viewing Bitcoin both as digital gold and as a form of money for its long-term success. According to Back, the fundamental value of Bitcoin lies in its ability to serve as a means of saving for future spending.#SatoshiNakamoto #Bitcoin #Blockstream #AdamBack #cryptocurrency #decentralization #digitalgold #anonymity #BTC #ETH
🚀 Faraway Launches Avalanche-Powered Layer1 Blockchain FCHAIN
#Faraway #FCHAIN #Avalanche #Layer1 #GamingEcosystem #CreatorTools #DookeyDash #UGC #GameDevelopment #Blockchain #AVAX
According to Foresight News, game developer and publisher Faraway has introduced FCHAIN, a Layer1 blockchain powered by Avalanche. This new blockchain aims to support Faraway's gaming ecosystem comprehensively. Faraway's backing of FCHAIN includes its integration into their game portfolio and the incorporation of various tools for creators, businesses, and developers.
These tools encompass a creator suite that supports the creator mode for Dookey Dash: Unclogginged, a developer platform utilized by game studios, and the Faraway Store, which combines a UGC store and a secondary market. The integration of FCHAIN is expected to enhance the functionality and reach of Faraway's gaming and development initiatives.#Faraway #FCHAIN #Avalanche #Layer1 #GamingEcosystem #CreatorTools #DookeyDash #UGC #GameDevelopment #Blockchain #AVAX
🚀 Crypto Active Addresses Reach Record Highs in 2024
#Crypto #ActiveAddresses #Cryptocurrency #Ethereum #Solana #Blockchain #a16z #MobileWallets #2024 #CryptoGrowth #ETH #SOL
According to Odaily, a recent research report by a16z crypto reveals that the number of active cryptocurrency addresses and usage rates have reached historic highs this year. The report estimates that as of September, there are approximately 617 million cryptocurrency holders globally, with 60 million active users each month. In 2024, the number of monthly active crypto addresses is expected to exceed 220 million. Among Ethereum EVM chains, Base leads with 22 million addresses, while Solana dominates non-EVM chains with over 100 million addresses. This year also saw the highest number of mobile wallet users, with the United States accounting for 12% of global users.#Crypto #ActiveAddresses #Cryptocurrency #Ethereum #Solana #Blockchain #a16z #MobileWallets #2024 #CryptoGrowth #ETH #SOL
🚀 Ethereum And Bitcoin ETFs See Significant Inflows In The US
#Ethereum #Bitcoin #ETFs #US #inflows #Fidelity #BlackRock #crypto #investment #ETH #BTC
According to Odaily, data monitored by Lookonchain on October 16 reveals notable inflows into US-based Ethereum and Bitcoin ETFs. The nine Ethereum ETFs in the US saw a total net inflow of 684 ETH, approximately valued at $1.78 million. Among these, Fidelity experienced an inflow of 1,000 ETH, roughly $2.61 million, bringing its current holdings to 153,250 ETH, valued at about $399.98 million.
In the Bitcoin ETF market, ten US-based ETFs recorded a total net inflow of 5,693 BTC, approximately $386.39 million. BlackRock led the inflows with 4,323 BTC, around $293.41 million, increasing its holdings to 375,169 BTC, valued at approximately $25.46 billion.#Ethereum #Bitcoin #ETFs #US #inflows #Fidelity #BlackRock #crypto #investment #ETH #BTC
🚀 PayPal's PYUSD Stablecoin Market Cap Drops 40% Since August Peak
#PayPal #PYUSD #Stablecoin #MarketCap #Cryptocurrency #Solana #Finance #Kamino #Drift #MarginFi #SOL
According to Odaily, PayPal's PYUSD stablecoin has experienced a significant decline in market capitalization, dropping by 40% from its peak of over $1 billion in August to approximately $618 million currently. This downturn has been attributed to reduced lender yields on platforms based on Solana, such as Kamino, Drift, and MarginFi, as noted by DragonFly's Haseeb Qureshi.#PayPal #PYUSD #Stablecoin #MarketCap #Cryptocurrency #Solana #Finance #Kamino #Drift #MarginFi #SOL
🚀 Conduit Launches High-Performance Sequencer G2
#Conduit #Sequencer #G2 #Blockchain #Rollup #Performance #Mgas #OnChain #OPStack #ArbitrumOrbit
According to BlockBeats, on October 17, Rollup deployment platform Conduit announced the launch of its new sequencer, Conduit G2. The G2 sequencer is capable of achieving a throughput of up to 100 Mgas/s and can maintain this performance over the long term, opening up new possibilities for on-chain applications.
The G2 sequencer offers performance that is ten times higher than existing sequencers. It is fully compatible with both the OP Stack and Arbitrum Orbit. This is not a theoretical development or an upcoming release; the G2 sequencer is already in production.#Conduit #Sequencer #G2 #Blockchain #Rollup #Performance #Mgas #OnChain #OPStack #ArbitrumOrbit
🚀 Siam Commercial Bank Introduces Stablecoin Cross-Border Payments
#SiamCommercialBank #stablecoin #crossborderpayments #remittances #financialinclusion #digitalassets #cryptocurrency #transactioncosts #regulatorysandbox #developingnations #Chainalysis #Venezuela #LatinAmerica #blockchain #digitaleconomy
According to Cointelegraph, Siam Commercial Bank (SCB), Thailand's oldest commercial bank, has announced the launch of stablecoin cross-border payment and remittance services in partnership with fintech company Lightnet. This new service will enable clients to conduct cross-border transactions 24/7 while reducing transaction costs.
The reduced fees associated with stablecoin transactions make them an appealing option for recipients of remittances from higher-value currencies. Lightnet CEO Tridbodi Arunanondchai emphasized the benefits of tokenized fiat equivalents, noting that the project promotes financial inclusion by lowering the capital requirement per transaction. He also highlighted the unique value propositions this service offers to retail, corporate, and institutional clients.
The bank's stablecoin services were tested through the Bank of Thailand's regulatory sandbox, allowing financial institutions to experiment with digital assets under relaxed regulations without the risk of regulatory lawsuits.
Stablecoins are increasingly being used as a store of value in developing nations. A recent report from Chainalysis revealed that stablecoins now account for approximately 43% of all crypto transaction volume in Sub-Saharan Africa. Eric Jardine, cybercrimes research lead at Chainalysis, noted a strong correlation between currency devaluation and stablecoin adoption.
Data from Latin America supports these findings. In Venezuela, where currency devaluation is severe, crypto payments accounted for 9% of remittances in 2023, with over 50% of the digital assets sent as remittances being stablecoins. This trend is also observed in Argentina, Colombia, Brazil, and Mexico.
In March 2024, Mastercard published a report analyzing remittances to South America, revealing that remittances to the continent are growing faster than in any other region. The report predicts that blockchain assets like stablecoins will continue to gain market share and drive the shift towards an increasingly digital economy.#SiamCommercialBank #stablecoin #crossborderpayments #remittances #financialinclusion #digitalassets #cryptocurrency #transactioncosts #regulatorysandbox #developingnations #Chainalysis #Venezuela #LatinAmerica #blockchain #digitaleconomy
🚀 Chainalysis Faces Defamation Suit Over YieldNodes Scam Allegations
#Chainalysis #defamation #lawsuit #YieldNodes #blockchain #investment #scam #NewYork #court #damages #reputation #legalbattle #cryptocurrency
According to Cointelegraph, legal representatives from blockchain analytics firm Chainalysis are set to appear at a New York Supreme Court hearing on Oct. 16 regarding a defamation lawsuit filed against the firm in January 2024. The judge will consider a motion to dismiss filed by Chainalysis' legal team.
Chainalysis is being sued by Exceptional Media Ltd., the company behind the YieldNodes blockchain investment project. Exceptional Media claims that Chainalysis erroneously labeled YieldNodes as an “investment scam,” causing significant harm to its reputation and client base. The company is seeking at least $650 million in damages and alleges malicious intent.
The lawsuit stems from a phone call in January 2023, during which a Chainalysis representative informed Exceptional Media that YieldNodes had been categorized as a scam. The representative mentioned that this categorization could be changed to “high-risk,” but it would take a couple of months.
Since the initial filing, Chainalysis has submitted multiple motions to dismiss the case. The firm argues that Exceptional Media and YieldNodes have not provided sufficient evidence to refute the scam allegations. Chainalysis maintains that its report, which identified YieldNodes as an investment scam promising outsized returns based on an algorithmic trading strategy, is accurate. The firm contends that the complaint's failure to explain why YieldNodes is not a scam undermines the plaintiff's claim.
Chainalysis also argues that the New York Supreme Court lacks jurisdiction over this type of civil, commercial dispute. Cointelegraph reached out to Chainalysis for comment, but the firm declined to discuss the ongoing court case.#Chainalysis #defamation #lawsuit #YieldNodes #blockchain #investment #scam #NewYork #court #damages #reputation #legalbattle #cryptocurrency
🚀 P2P.org Announces Revenue Distribution For ETH Delegators
#P2Porg #ETH #EigenLayer #revenue #staking #cryptocurrency #EIGEN #financialincentives #capitalinvesting #venturecapital #Q32024 #trading #exchange #investing #lending #L1projects
According to Blockworks, P2P.org, the largest EigenLayer operator by total ETH restaked, announced a new revenue distribution plan for users delegating ETH to them. This move aims to reward long-term trust and engagement, with all delegators staking with P2P.org prior to August 15 being eligible for the revenue share. P2P.org has approximately 274,000 ETH and 8.53 million EIGEN staked on EigenLayer across around 8,000 stakers. As part of EigenLayer's programmatic incentives program, 67 million EIGEN will be allocated through the first year, with three-quarters going to ETH stakers and the remaining quarter to EIGEN stakers and operators. For P2P.org, this translates to about 3.63 million EIGEN incentives, worth approximately $12 million today. Assuming the current EIGEN price of $3.3, each staker would receive about $1,500, excluding any AVS yield.
In other news, according to Galaxy Research, crypto venture capital funds invested about $2.4 billion across 478 deals in Q3 2024. This represents a 20% decrease in capital invested and 17% fewer deals compared to the previous quarter. Within Q3, companies in the trading, exchange, investing, and lending categories raised the most, at $462 million. Cryptospherex and Figure markets raised $200 million and $73.3 million, respectively. The second-largest raise came from L1 projects, totaling about $341 million. This indicates that the L1 trade remains significant in the crypto market.#P2Porg #ETH #EigenLayer #revenue #staking #cryptocurrency #EIGEN #financialincentives #capitalinvesting #venturecapital #Q32024 #trading #exchange #investing #lending #L1projects
🚀 Radiant Capital Suspected Of Attack On BSC Network
#RadiantCapital #BSCNetwork #Blockchain #CryptoAttack #DeFi #AnciliaInc #Funds #LendingProtocol
According to BlockBeats, on October 17, monitoring by AnciliaInc revealed that the lending protocol Radiant Capital on the BSC network may have been attacked. Over $16 million in suspicious funds have reportedly flowed out of the network.
Users are advised to revoke contract approvals for this protocol on the BSC network to prevent further potential losses.#RadiantCapital #BSCNetwork #Blockchain #CryptoAttack #DeFi #AnciliaInc #Funds #LendingProtocol
🚀 Radiant BSC Network Contract Suspected Attack Causes RDNT Price Drop
#Radiant #BSC #RDNT #crypto #priceDrop #attack #Blockchain #news
According to BlockBeats, on October 17, the Radiant BSC network contract was reportedly suspected of being attacked, resulting in over $16 million in suspicious funds flowing out. This news appears to have impacted the price of RDNT, which saw a short-term drop of over 8%, currently trading at $0.0674.#Radiant #BSC #RDNT #crypto #priceDrop #attack #Blockchain #news