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Blockstream closes $210 million financing to drive L2 growth and expand its BTC treasury
The funds will help to accelerate market adoption of its Layer 2 technologies, expand its mining business, and boost BTC treasury. Blockstream claims over $1.8B in assets, including stablecoins, tokenized bonds, and securities with 3,844 BTC locked on-chain.
👉 theblock.co/post/321074/blockstream-funding-layer-2-mining-bitcoin-treasury
SingularityDAO (SDAO) plans to merge with Cogito Finance (CGV) and SelfKey (KEY)
The new entity, dubbed Singularity Finance, will merge three projects' tokens into SFI, provide a Layer 2 for tokenizing assets like GPUs and offer AI-powered financial tools.
👉 coindesk.com/business/2024/10/15/singularitydao-plans-to-merge-with-cogito-finance-selfkey-to-form-ai-focused-layer-2/
MrBeast allegedly made $10M+ from crypto pump-and-dump
An investigation by on-chain analyst SomaXBT concluded that MrBeast-linked wallets made nearly $13 million on dumping a handful of tokens that were collectively bought - mostly over the course of 2021 - for potentially as little as $250K.
👉 x.com/somaxbt/status/1844718089478324309
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.40T (+1.38%)
BTC Price: $65,678 (+2.38%)
BTC Dominance: 54.2% (0.00%)
Fear & Greed Index: 65 (Greed)
Total Value Locked: $141B (+6.24%)
The biggest Fundraising Rounds conducted in the last 7 days
Projects that received the most funding are Ithaca ($20M), a Layer 2 blockchain developer, delta ($11M), a permissionless interoperable network of domains, and TON ($10M), a Layer 1 blockchain.
Solv Protocol raised $11 million to grow its $1.3 billion Bitcoin staking protocol
Investors in the round include Laser Digital, Blockchain Capital, Gumi Cryptos, OKX Ventures, and CMT Digital. SolvBTC product has over 20K BTC staked ($1.3B) deployed across 10 major blockchains. The round brings total funding to $25M at a $200M valuation.
👉 coindesk.com/business/2024/10/14/solv-raises-11m-to-grow-the-13b-bitcoin-staking-protocol
Off the Grid, by Gunzilla, nabs the #1 slot on Epic Games Store
Off The Grid brings next-gen cyberpunk F2P battle royale on major platforms. Users can now download, play, and stream the game in early access mode. Phase 1 includes the first wave of locations (Teardrop Island), weapons, and game modes (PVP and PVE).
👉 gameoffthegrid.com
Avalanche to repurchase AVAX sold to Terra's LFG in 2022 deal
While the Avalanche didn't announce the deal's financial terms, the current value of 1.97M AVAX is about $56M, a 44% decrease from the original $100M value. The agreement will be enacted pending approval from the court in charge of Terraform Labs' estate.
👉 theblock.co/post/320833/avalanche-foundation-to-repurchase-tokens-sold-to-terras-lfg-in-2022-deal-pending-court-approval
Gate Ventures unveiled a Move-based accelerator
The $20 million fund established by Gate Ventures, Movement Labs and Boon Ventures will invest in projects and accelerate the development of Move-based technologies. Movement Labs is building a network of Move-based blockchains.
👉 gate.io/announcements/article/39866
MAJOR UPCOMING EVENTS IN OCTOBER!
A full list of Major Upcoming Events, to be updated
👉 https://cryptodiffer.com/events
Trending NFT Collections across the major NFT Marketplaces
Let's have a look at NFT Collections trending searches from OpenSea, Blur, Magic Eden, Tensor, and Unisat sorted by 7-day floor price change. Among TOP 5 Collections are BiG iNC, Blocks of Art, Sun Signals, Blob Army, and Billy Cats.
Bitcoin-backed stablecoin developer Yala raised $8 million in a Seed funding round
Polychain Capital and Ethereal VC led the Seed funding round. Other investors include Galaxy Vision Hill, Anagram, ABCDE, Amber, HashKey Capital, Satoshi Lab, and UTXO. The launch of Testnet is expected this month, while Mainnet scheduled for Q1 next year.
👉 theblock.co/post/320508/bitcoin-backed-stablecoin-developer-yala-funding
Web Traffic Spotlight in September: Decentralized Exchanges
Web traffic info shows how many users visited a website. The website viewership helps understand the popularity of the website, website audience geography, and other valuable details.
Data provided by similarweb.com
Ubisoft launches its first crypto game on October 23
Called "Champions Tactics," the new title is an RPG where players collect and assemble teams of Dungeon & Dragons-style characters used to battle other users. This week Gunzilla Games launched an early access version of a web3, Fortnite-style battle royale game.
👉 theblock.co/post/320471/assassins-creed-developer-ubisoft-launches-first-crypto-video-game-champions-tactics
World Liberty Financial (WLFI) will hold token sale next week
The project looks to raise $300M at a $1.5B valuation by selling 20% of the token supply. WLFI is a governance token used to vote on decisions regarding the future development of the WLFI platform. These tokens will be non-transferable for the first 12 months.
👉 theblock.co/post/320430/trump-world-financial-liberty-raise
Web Traffic Spotlight in September: DePin Projects
Web traffic info shows how many users visited a website. The website viewership helps understand the popularity of the website, website audience geography, and other valuable details.
Data provided by similarweb.com
Top Projects by average daily development activity on GitHub in the last 30 days
We took the data from Santimеnt.nеt. Projects are sorted by the average daily development activity during the last 30 days on Github. The number of daily events is approximate.
Top 3 are Internet Computer, Chainlink, and Cardano.
Hyperliquid unveiled HYPE token powering its Layer 1
Participants have time until November 11 to sign up for the genesis distribution. Hyperliquid is a platform that offers its users the ability to trade various perpetual derivatives through liquidity aggregation. Its TVL sits at $743M, up from $57M at the start of the year.
👉 x.com/HyperFND/status/1845851735363027270
Crypto Events Recap, October 12-14
👉 cryptodiffer.com/feed/project-updates/crypto-events-recap-october-12-14-2024
Puffer (PUFFER) has been listed on Bybit, KuCoin, Gate, and other exchanges
PUFFER trading is now live on multiple exchanges. Current price - $0.462. Market Cap - $44.6M. Diluted Valuation - $436M. Previously, Puffer introduced its tokenomics along with airdrop details. Puffer is a native liquid restaking protocol (nLRP) built on Eigenlayer.
👉 x.com/puffer_finance/status/1844234772274729416
Top 15 projects by positive market sentiment on Oriole Insights
Oriole Insights is a gamified prediction platform harnessing collective wisdom. The list of projects by Bullish expectations with a minimum of 50 predictions and 500 ORI pooled.
👉 https://app.orioleinsights.io/projects
Top-15 DePin Coins by Market Capitalization
DePIN stands for Decentralized Physical Infrastructure Networks, which utilize blockchain and token rewards to construct and manage real-world infrastructure.
KIP Protocol (KIP) released Genesis Pass NFT collection
The 3,888 NFTs collection is divided into 3 tiers. NFT holders will be eligible for KIP airdrop at TGE, partner airdrops, Staking and Yield Programs, and rewards program. KIP Protocol is an open-source Web3 framework for AI applications, backed by Animoca Ventures.
👉 x.com/KIPprotocol/status/1845104734165926351
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.34T (+0.44%)
BTC Price: $64,048 (+2.02%)
BTC Dominance: 54.2% (+0.20%)
Fear & Greed Index: 48 (Neutral)
Total Value Locked: $130B (-1.59%)
Crypto Events Recap, October 10-11
👉 cryptodiffer.com/feed/project-updates/crypto-events-recap-october-10-11-2024
Paradigm announced a $20 million investment in Ithaca, an L2 built with Reth and OP Stack
Odyssey is the name of Layer 2 that Ithaca will build as part of a larger technology stack. The Lsyer 2 built with Reth and Optimism OP Stack, is now live on Testnet. Paradigm is a crypto venture capital firm with investments in Uniswap, Coinbase, and Flashbots.
👉 theblock.co/post/320714/paradigm-invests-20-million-in-ithaca-a-spinoff-building-layer-2-blockchain-from-the-future
bitSmiley (SMILE) unveiled details of Harvest Season Airdrop
The Harvest Airdrop claim pages will be dropped on separate dates based on Airdrop actions. Among bitSmiley events qualified for Airdrop are Peoples Launchpad, Truemem Show, bitDisc Black, Season One bitPoint, community events, and bitDisc Black Stakers.
👉 medium.com/@bitsmiley/bitsmiley-harvest-season-airdrop-feeb4163f73f
Ethernity (ERN) launches its mainnet on October 29th
Ethernity Chain is an entertainment-focused Layer 2 chain built on OP stack bringing Plug & Play Toolkit for brands to build next-gen Web3 apps spanning Web3 games, digital collectibles, and RWAs.
👉 x.com/EthernityChain/status/1844470683101020182
Top 15 Projects by Network Growth over the past 30 days
Network growth shows the percentage increase in new addresses that transferred a given token for the first time in the selected period compared to the previous one.
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.22T (-1.19%)
BTC Price: $60,706 (-0.18%)
BTC Dominance: 53.9% (-0.20%)
Fear & Greed Index: 32 (Fear)
Total Value Locked: $130B (-0.32%)
