Cyber Capital CIO Justin Bons dispels FUD, asserting $SOL’s economic model is robust and sustainable. Bons likens Solana’s design to $BTC and $ETH, noting its favorable token distribution and scalable architecture compared to Ethereum’s EIP-1559. @Solana
Circle integrates PIX in Brazil and SPEI in Mexico, enabling local USDC access through banks. This move reduces transaction times and costs, potentially benefiting Mexico’s $63B remittance market and setting a precedent for blockchain finance in emerging markets.
Circle integrates $USDC with Brazil’s PIX and Mexico’s SPEI payment systems, speeding up local bank transfers and cutting costs by eliminating intermediate USD conversions. This move could enhance cross-border trade and remittances in Latin America.
TON Foundation collaborates with Curve Finance to enhance stablecoin trading using CFMM technology. Toncoin price rises 2.31%, with trading volume up 8.84%, signaling increased market interest. Potential rally could see $TON break the $8 mark.
Merge Madrid Web3 Conference, Oct 8-10, aims to unite Europe and Latin America, featuring 200+ speakers from companies like @Adidas, @Mastercard, and @Ripple. Highlights include an AI vs. DJ duel and discussions on Web3 payments and blockchain.
Dragonfly Capital aims to raise $500M for its fourth fund, targeting early-stage crypto projects. The firm has secured $250M internally and plans to complete fundraising by Q1 next year, aligning with broader crypto venture capital trends.
The Human Rights Foundation allocates $590K in Bitcoin to 20 global projects, focusing on Bitcoin education, development, mining decentralization, and privacy tools, benefiting regions like Latin America, Asia, and Africa.
Polymarket users foresee a 50% chance of a 50-basis point rate cut in the September 18, 2024, FOMC meeting. $BTC remains stable at $59,113. Lower rates could boost liquidity and demand for cryptocurrencies. Historical data shows a 375% surge in low-rate periods.
The U.S., Indonesia, and Turkey together account for 32.95% of global interest in RWA tokenization. Ondo Finance leads U.S. traffic, while future market projections range from $1.3 trillion to $30 trillion by 2030.
IoTeX partners with @0xPolygonLabs to integrate AggLayer, enhancing cross-chain capabilities and liquidity for DePIN projects. AggLayer’s zero-knowledge proofs ensure secure, private transactions, aiming to revolutionize decentralized physical infrastructure networks by enabling seamless multichain environments.
Bitcoin ETFs saw a $12.9M inflow on Sep 16, 2024, while Ethereum ETFs faced a $9.51M outflow. Grayscale’s $GBTC experienced a $20.75M outflow. Hong Kong’s Bitcoin and Ethereum markets remained stable with no capital movements.
Bybit’s WSOT 2024 offers a $10M USDT prize pool, exclusive rewards, and trading on CEX and DEX platforms, including DEX Pro with over a million tokens. Categories: Lightweight ($500), Middleweight ($2000), Heavyweight ($10,000). Backed by 100+ partners.
Circle launches $USDC on the Sui network, spiking $SUI price by 7.5%. This marks USDC’s 16th blockchain integration, enhancing interoperability and security. Circle also minted 50M USDC, reflecting high market demand.
Alex Mashinsky, ex-CEO of Celsius, faces 115 years in prison on charges of market manipulation and fraud. The CFTC revealed violations in his operations, highlighting systemic issues and the need for stronger crypto regulations. $CEL $CFTC @CelsiusNetwork
