Top-15 Total Value Locked (TVL) gainers in October
Among the top performers are Dragon Swap V3, the native DeFi Hub on Sei Network, CrossCurve, a cross-chain trading and yield protocol built on Curve, and Cygnus Restake, a decentralized and non-custodial cross-chain restaking protocol.
Injective (INJ) unveiled its first native stablecoin - AUSD
The launch of AUSD on Injective enables ecosystem dApps such as DEXs, staking & lending protocols, and others to adopt the stablecoin into their solutions seamlessly. Injective is an open, interoperable Layer 1 specifically tailored for DeFi applications.
👉 blog.injective.com/en/agora-to-launch-native-us-dollar-stablecoin-on-injective/
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.43T (-5.37%)
BTC Price: $69,330 (-3.97%)
BTC Dominance: 56.4% (+0.20%)
Fear & Greed Index: 75 (Greed)
Total Value Locked: $140B (-5.13%)
Citrea announced the closure of its $14 million Series A funding
The Series A funding was led by Founders Fund with participation from Maven11, Mirana, dao5, Erik Voorhees, Balaji Srinivasan, Nikil Viswanathan, Mert Mumtaz, Jameson Lopp, and other angel investors. Citrea is a Bitcoin zero-knowledge rollup.
👉 blog.citrea.xyz/announcing-citrea-series-a-round
Ethereum-based solar project Glow Labs raised $30 million in funding
Among the round investors are Framework Ventures and Union Square Ventures. The company secured $6.5 million to help fund Glow’s operations in addition to $23.5 million, which will support the expansion of solar farms in India.
👉 theblock.co/post/323935/ethereum-based-solar-project-glow-raises-30-million-in-funding-round-led-by-framework
bitSmiley (SMILE) farming is now live Bybit Launchpool
The Launchpool event will last till November 5. During this period, users can stake USDT and MNT to obtain a share of 2,100,000 SMILE. bitSmiley is a stablecoin, lending and derivatives protocol on Bitcoin, enabling users to mint bitUSD, an over-collateralized stablecoin.
👉 announcements.bybit.com/article/bybit-launchpool-stake-usdt-or-mnt-to-earn-a-share-of-2-100-000-smile--blt6c4211f2367f4b36/
FTX sues KuCoin to recover over $50M in locked assets
Alameda Research, the FTX subsidiary, claims KuCoin refused to release frozen assets now worth over $50M, up from an initial $28M, despite several communications. Previously, FTX dropped the similar lawsuit against Bybit exchange in a $228M settlement.
👉 cointelegraph.com/news/ftx-estate-sues-kucoin-recover-assets
Coinbase announces the $1 billion share buyback
Coinbase also claims its balance sheet is "strong" as the company ended the third quarter with $8.2B in resources, an increase of $417M from the previous quarter. The net income grew to $75M in this most recent quarter versus $36M in the second quarter.
👉 theblock.co/post/323819/coinbase-announces-1-billion-share-buyback-as-it-reports-q3-earnings
Crypto Events Recap, October 29-30
👉 cryptodiffer.com/feed/project-updates/crypto-events-recap-october-29-30-2024
TOP NFT SALES CONDUCTED IN OCTOBER
The Top NFT sales list includes CryptoPunks, Bored Ape Yacht Club, Autoglyphs, and Azuki collections. The most expensive NFT sale accounted for (620 ETH) ($1.52M).
Privacy blockchain project Nillion raised $25 million in funding led by Hack VC
Other investors in the funding round include HashKey Capital, Maelstrom, Animoca Brands, Chapter One, Big Brain Holdings, Manifold, GSR, and Presto. Nillion builds its service around blind computing, the processing of data without revealing its contents.
👉 coindesk.com/tech/2024/10/30/privacy-blockchain-project-nillion-raises-25m-to-expand-blind-computing
Data labeling project Sapien raised $10.5 million in a Seed funding round
The round was led by Variant with participation from Primitive Ventures, Animoca Brands, Yield Game Guild, and HF0. Sapien uses rewards on the blockchain to essentially gamify data labeling, a process integral to advancing AI-powered language learning models like OpenAI’s Chat GPT.
👉 theblock.co/post/287560/sapien-raises-5-million-for-data-labeling-with-ai-applications
Aethir (ATH), GAIB, and GMI unveiled the first decentralized AI Compute Network powered by NVIDIA's H200 Tensor Core GPUs
By leveraging Aethir's vast network, GAIB's economic layer, and GMI Cloud's expertise, the collab aims to accelerate the development of large-scale AI apps. Aethir is a GPU cloud infrastructure, positioned as an enterprise-grade AI-focused GPU-as-a-service provider.
👉 blog.aethir.com/blog-posts/aethir-gaib-and-gmi-cloud-launch-first-decentralized-ai-compute-powered-by-h200-gpus
OKX Ventures, The Open Platform and Folius Ventures jointly launched a $10M Telegram Growth Hub
Telegram Growth Hub is designed to boost innovations, expand mini-app ecosystem, and to fund & support projects. The Hub will select up to 10 projects for a two-month acceleration program. Selected teams will be eligible for funding from the $10M fund.
👉 okx.com/learn/okx-telegram-growth-hub
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.55T (+2.99%)
BTC Price: $72,488 (+1.88%)
BTC Dominance: 56.2% (+0.20%)
Fear & Greed Index: 77 (Extreme Greed)
Total Value Locked: $147B (+2.14%)
Gunzilla Games (GUN) has received an investment from VanEck
It's the second bet on Web3 gaming by VanEck's liquid token strategy fund. Gunzilla is a developer of the AAA Battle Royale “Off The Grid”. Previously, Off the Grid nabbed the #1 slot on Epic Games surpassing some of the biggest names in the free-to-play genre.
👉 cointelegraph.com/news/vaneck-invests-web3-gaming-startup-gunzilla
Binance has completed 29th BNB Quarterly Burning!
1,772,712 BNB (worth ~$1.07 billion) has been burned!
👉 bnbchain.org/en/blog/29th-bnb-burn
Ellipsis Labs raised $20M from Haun Ventures to launch an Atlas L2
Ellipsis Labs builds apps and infrastructure to create a sustainable foundation for finance. Ellipsis is best known as the builder of Phoenix, the popular orderbook-style exchange on Solana. Previously, Ellipsis closed a $20M Series A round led by Paradigm.
👉 coindesk.com/tech/2024/10/31/ellipsis-labs-raises-20m-from-haun-ventures-to-launch-verifiable-finance-blockchain-atlas
Top-15 Cross-Chain Bridges by Volume in October
A cross-chain bridge is a decentralized application that enables the transfer of assets from one blockchain to another.
=nil; Foundation announced the launch of its public Testnet V1
The Testnet V1.0 includes several protocol upgrades, DevEx improvements, and examples of network usecases. The Testnet is now live and available for public users. Additionally, =nil; announced 2 more Testnet releases before Mainnet launch in 2025.
👉 x.com/nil_foundation/status/1851626471481368646
Top-15 Price Gainers in October
Among the top performers are Virtuals Protocol, an AI x Metaverse Protocol that is building the future of virtual interactions, SPX6900, a meme token inspired by the superior perfomance of S&P500 index, and EtherVista, a DEX that optimizes liquidity provision.
GraFun has joined the season 8 of Binance Labs MVB Program
GraFun is a Memecoin Launchpad and trading platform on BNB Chain that introduces a Fair Curve feature aimed at promoting fair launches and long-term investment in memecoins.
👉 x.com/GraFunLabs/status/1851568220940943498
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.53T (-1.04%)
BTC Price: $72,210 (-0.12%)
BTC Dominance: 56.5% (+0.30%)
Fear & Greed Index: 77 (Extreme Greed)
Total Value Locked: $147B (+2.14%)
Chainlink introduced a modular architecture with a major platform upgrade
The Chainlink Runtime Environment (CRE) upgrade aims to expand its use to multiple blockchains and meet the growing demand from financial institutions and Web3. The CRE upgrade is live on Mainnet with early access.
👉 x.com/chainlink/status/1851655868963508539
PumpBTC announced the closure of the $10 million Seed funding round
SevenX Ventures and Mirana Ventures led the Seed funding round. Other investors include UTXO, Mantle Ecosystem Fund, Istari Venture, Arcane Group, Coinsummer Labs, 10k Ventures, Seven Seas Capital, Sharding Capital, and other angel investors. The fund will help to build a new standard in BTC yield vaults with BTC-fi.
👉 Pumpbtcxyz/pumpbtc-raises-10m-seed-funding-to-build-a-new-standard-in-btc-yield-vaults-with-btc-fi-15de7cf26a82">medium.com/@Pumpbtcxyz/pumpbtc-raises-10m-seed-funding-to-build-a-new-standard
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
Glif announced token airdrop and unveiled GLIF tokenomics
Glif launches its GLIF token, with 10% of supply airdropped to GLIF points holders at a 1:1 ratio. Airdrop recipients get 25% of tokens upfront, with the remaining 75% vesting linearly over 180 days. Glif is a liquid leasing platform and the largest DeFi protocol on Filecoin.
👉 x.com/glifio/status/1851338683535769913
Optimism to provide a 25M OP grant to the Kraken exchange
Kraken shared last week that it would launch a layer-2 called Ink, relying on the OP Stack framework. The 25M OP tokens grant is split into two segments: 5M OP will support engineering efforts, while the other 20M are earmarked for achieving transaction benchmarks.
👉 coindesk.com/tech/2024/10/29/optimism-foundation-agreed-to-give-kraken-425m-of-op-tokens-in-layer-2-deal/
Ozean L2 integrates with Ethena to launch USDe and sUSDe
USDe (stablecoin) and sUSDe (yield-bearing) will be integrated into Oxygen (O2), the innovative RWA liquidity layer on Ozean, alongside BTC, ETH, and SOL. USDe and sUSDe will also be integrated in the upcoming Ozean LGE, with more details to be announced later.
👉 x.com/ClearpoolFin/status/1851232152354242922