Initia L1 blockchain secures $14M in Series A funding, led by Theory Ventures with Delphi Ventures and Hack VC. Post-funding, Initia’s token valuation hits $350M. Mainnet launch and token listing expected within two months.
Bitcoin ($BTC) could surge in “Uptober” due to increased market liquidity from Fed rate cuts, rising institutional interest, and historical October trends. Anthony Pompliano notes Bitcoin’s sensitivity to global liquidity and institutional demand as key drivers.
Ukraine faces energy crisis as crypto mining surges. By April 2024, miners’ consumption may match 770 hospitals’ needs, using up to 6.7% of total energy. Costs are low, but risks of shortages and outages rise.
Circle unveils a Compliance Engine supporting major blockchains with real-time transaction checks and customizable tools. The platform enhances security and compliance, enabling developers to create white/blacklists and perform deep address analysis, available via monthly subscription.
Ethereum’s funding rate surge boosts $ETH price above $2,600, with a 15% gain this week. Analysts predict a potential rally past $3,000 amid favorable macroeconomic conditions like the Fed’s rate cut and China’s stimulus package.
Assetera partners with $MATIC for scalable RWA tokenization, adhering to MiCA standards with a VASP license. The RWA market hit $12B in September, and could grow to $10T by decade’s end, enhancing financial inclusivity and efficiency.
Terraform Labs may shut down by October 30, 2024, if third-party negotiations fail. Products like Enterprise Protocol and Station Wallet are up for takeover, while community initiatives will manage Terra Luna Classic. $LUNC price surged 10% this week.
Mt. Gox moves part of its $2.85B Bitcoin holdings, sparking repayment speculations. The exchange emptied four wallets after receiving $370K BTC from Kraken, with 44,899 BTC still held, indicating ongoing repayment efforts.
Charles Hoskinson critiques Ethereum’s reliance on Vitalik Buterin and launches Cardano’s Voltaire era for decentralized governance. $ADA sees significant price boost, potentially reaching $0.50-$0.60. Cardano’s new model could influence broader blockchain adoption.
@Smolbound secures $6M seed funding led by @BitkraftVC to develop a Web3-based game on Treasure Blockchain. The game, currently in closed beta, aims for release next year with potential NFT integration to boost user engagement.
Chinese investors turn to $BTC amid economic challenges. Inflows to OTC crypto brokers hit $75.4B over nine months, despite the 2021 trading ban. The People’s Bank of China’s monetary stimulus could further boost Bitcoin’s appeal.
Bitcoin-ETF sees $135.95M inflow, Ethereum-ETF attracts $62.51M, signaling growing investor confidence. @BlackRock’s IBIT fund leads with $98.89M in Bitcoin-ETF inflows, while Ethereum product ETHA draws $59.25M. #Bitcoin #Ethereum
SEC’s deadline to appeal Ripple lawsuit nears on Oct 7, with experts predicting a 75% chance of appeal. Ripple executives consider the lawsuit over. Potential appeal could impact $XRP price, currently at $0.588, and reshape crypto regulations.
XRP whales move 431M $XRP as Ripple co-founder Chris Larsen continues major dumps. XRP price inches up to $0.5881 with a 19% surge in trading volume to $1.07B. Market braces for volatility amid ongoing legal challenges.
