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https://icodrops.com/ - Simple and beautiful ICO Calendar with independent ratings & analytics. With us it's impossible to miss the next great #ICO. 🚀 Contacts: @icodrops_support (for any questions)
💧 Top Memes by Social Performance Created in the Last 30 Days
👉 https://dropstab.com/tab/new-memes-kawhhf9ut5
The crypto market is growing
BTC Dominance - 56.34%
Market Cap - $2.26T
BTC - $64,340 (+2.52%)
ETH - $2,532.76 (+2.9%)
BNB - $582 (+1.43%)
SOL - $152.86 (+5.04%)
INJ - $20.97 (+2.38%)
TON - $5.28 (+0.76%)
SUI - $2.26 (+1.14%)
APT - $10.16 (-0.53%)
EIGEN - $3.59 (-3.6%)
https://dropstab.com
World Liberty Financial public sale starts Oct. 15th, at 13:00 UTC
https://x.com/worldlibertyfi/status/1844790596214444215
Scroll co-founder: “I don’t think partnering with Binance is "kneeling to a CEX for listing" - it's way more than that, it's a strategic decision to build a partnership for growth and broader support. However, it is indeed a tough decision. Here are some of my thoughts:
1) Binance on-ramp and off-ramp support for stablecoin is big.
This is a major factor for us, especially given the strong demand from ecosystem projects and builders in emerging markets. Having visited Africa, I’ve seen that everyone uses Binance - it even holds stronger legitimacy than Ethereum for many locals.
If we want to build a competitive ecosystem with real global reach, compete with Tron in these markets, and attract different categories of users to the Ethereum ecosystem, strong CEX support is absolutely crucial. No zk layer 2 currently has stablecoin support, it’s a classic chicken-and-egg problem - they want to see adoption, but adoption only comes if this channel opens.
We take the aggressive path to open this for long-term growth. If we didn’t have the ecosystem and builder demand, I would be 1000% against doing this for just a listing. There's additional support that I can’t disclose yet, but this move is much more than just a listing.
2) Timing is quite different with lots of uncertainty.
When ETH, Arbitrum, and Optimism launched, CEXs didn’t have the same leverage in terms of distribution, and it was relatively easy to get CEX support before. Tron actually made a very good move on this - it got all CEX support and subsidized stablecoin transfers to 0, and then there is a network effect built around it.
Currently, layer 2 solutions are becoming commoditized, and the market is moving fast. Crypto users generally dislike infrastructure, so it’s tough timing to get the deep support we need. We can definitely bet on getting listed without any deal, but we know other deeper support will take at least months time (e.g., Celo has been around for years but only recently got native USDT support, and adoption picked up after Binance got involved).
With this timing, we have to decide between moving fast now or potentially waiting another 6-12 months for uncertain support.
3) Launchpool money comes from the growth bucket, not the community airdrop.
We’ve reserved 15% for community airdrops, and the launch pool allocation comes from our ecosystem and growth category, it doesn't influence how much our own community will get. It's because we believe it will drive global expansion as an ecosystem growth strategy We’ve compared it to Apple charging fees from apps - it’s not unreasonable considering the level of distribution they provide. Our own community will get way more via a sequence of airdrops similar to what Optimism has done.
Also, if we look at the result, over 1 million users are participating in this process, and to ensure fairness, pre-market purchases will be capped at 2,500 SCR per user. It’s similar to an airdrop for new user acquisition, though some Binance whales will earn more during this process - but that's a trade-off we accept.
Last thought on the long-term growth.
Long-term, I believe layer 2 solutions need real distribution and organic growth. Arbitrum and Base are doing a great job, but no layer 2 has fully achieved that yet. We need to be very practical for the next stage if we want this industry to make an impact to the real world.
Token distribution isn't a one-time event, it’s a growth lever and also helps with protocol decentralization and governance. After the initial sell-off, we expect the community that trusts us to hold, and distribution will stabilize in a healthy way. Even now, pre-market sentiment is divided - some are pretty bearish, expecting a dip, while others are pretty bullish, eager to buy the dip, and confident in our future progress.
It's a very complicated market dynamic, all we are focusing on is our own tech roadmap (releasing soon) and the next stage of growth & ecosystem building. A lot more will come in the coming weeks.”
https://x.com/yezhang1998/status/1844890558222958654
Spot ETF Flow on 11.10: BTC-ETF +$253.54M, ETH-ETF -$97.11K
https://sosovalue.com/assets/etf/us-btc-spot
The Singapore-based crypto exchange Fairdesk will officially shutter on Nov. 30, 2024.
https://cointelegraph.com/news/fairdesk-crypto-exchange-shut-down-regulatory-concerns
The SEC has delayed deciding on a proposed rule change permitting Cboe Exchange to list options tied to several popular spot ETH funds, moving the deadline from Oct. 19 to Dec. 3.
https://www.sec.gov/files/rules/sro/cboe/2024/34-101321.pdf
Assets Under Consideration and Current Products — Grayscale: TON, KAS, APT, ARB, TIA, CELO, CORE, ATOM, ICP, MNT, METIS, NEON, OP, POL, SEI, STRK, TRX, AERO, ENA, INJ, JUP, OM, ONDO, PENDLE, RUNE, DOGE, IMX, AKT, AR, FET, HNT, PYTH, UMA, VET, WLD.
https://www.grayscale.com/blog/general-updates/assets-under-consideration-current-products
Arkham Intelligence Inc., a blockchain data company backed by investors including OpenAI founder Sam Altman, is planning to launch a crypto derivatives exchange next month, according to a person familiar with the initiative.
https://www.bloomberg.com/news/articles/2024-10-11/crypto-firm-arkham-backed-by-openai-s-altman-to-launch-derivatives-exchange
The crypto market is growing
BTC Dominance - 56.30%
Market Cap - $2.20T
BTC - $62,623.64 (+3.13%)
ETH - $2,442.27 (+1.36%)
BNB - $577.1 (+2.4%)
SOL - $145.36 (+2.87%)
INJ - $20.48 (+6.15%)
TON - $5.21 (+1.05%)
EIGEN - $3.96 (+3.33%)
SCR - $1.07 (-5.6%)
SUI - $2.02 (+10.79%)
https://dropstab.com
💧Current state of the market in our weekly overview
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Spot ETF Flow on 10.10: BTC-ETF -$120.76M, ETH-ETF +$3.06M
https://sosovalue.com/assets/etf/us-btc-spot
Metaplanet purchases additional 108.99 BTC.
https://x.com/Metaplanet_JP/status/1844530302800232648
$5.4 trillion asset manager Fidelity confirms 77,000+ customer records were hacked, including license, social security numbers, and personal information.
https://x.com/WatcherGuru/status/1844505463872004321
CZ will be attending the Binance Blockchain Week in Dubai on Oct 30-31, in his personal capacity.
https://x.com/cz_binance/status/1844392002521276566
💧 Price Gainers Among Top 100 in the Last Week
👉 https://dropstab.com/tab/top-gainers
💧 Grayscale Single Asset Trusts by AUM
👉 https://dropstab.com/tab/grayscale-assets-rqpv9f3m0x
The crypto market is neutral
BTC Dominance - 56.20%
Market Cap - $2.21T
BTC - $62,750 (+0.2%)
ETH - $2,461.05 (+0.78%)
BNB - $573.8 (-0.58%)
SOL - $145.51 (+0.11%)
INJ - $20.32 (-0.9%)
TON - $5.24 (+0.38%)
SUI - $2.22 (+10.34%)
APT - $10.23 (+20.17%)
SCR - $1.16 (+7.31%)
https://dropstab.com
💧 Grayscale Assets Under Consideration by FDV
👉 https://dropstab.com/tab/grayscale-candidates-23k9ejy88u
Jim Cramer predicts Kamala Harris will win the presidential election.
https://x.com/WatcherGuru/status/1844867937280118811
Ripple co-founder Chris Larsen has made the first documented crypto donation to Kamala Harris.
According to new FEC filings, Larsen donated $1 million in XRP to one of the leading super PACs supporting Harris — Future Forward USA.
https://x.com/EleanorTerrett/status/1844780039520276920
Top 100 gainers in 24h: NEIRO +38%, ENA +24%, TAO +14%, WLD +12%, SUI +11%, OP +9%, AVAX +9%.
https://dropstab.com/insights/top-performance
Tether Releases Documentary ‘Stability and Freedom in Chaos: The Story of USD₮’
https://x.com/Tether_to/status/1844724644403626285
Michael Saylor told analysts at Bernstein that MicroStrategy’s endgame is to be the leading bitcoin bank — ultimately growing to become a trillion-dollar company.
Rather than lending out funds like traditional banks, MicroStrategy seeks to borrow money at low rates, offer slightly higher rates to lenders, and invest those funds into bitcoin — with a “base case” estimated average annual return of 29%.
https://www.theblock.co/post/320655/microstrategy-trillion-dollar-valuation-bitcoin-bank-michael-saylor-bernstein
Binance Pre-Market is live
The first coin to be traded is Scroll (SCR).
https://x.com/binance/status/1844681318082170934
https://www.binance.com/en/trade/SCR_USDT
💧 Top Memes on Sui by Number of Holders
👉 https://dropstab.com/tab/sui-memes-my934cticf
Fidelity is preparing to launch a money market fund that may trade on the blockchain.
https://www.theinformation.com/articles/fidelity-plans-first-fund-that-may-use-blockchain
Bitnomial sues SEC over XRP futures, challenges agency's continued claim that XRP is a security
Bitnomial, which is regulated by the SEC’s sister agency the Commodity Futures Trading Commission, filed for the XRP US Dollar Futures contract in August following the conclusion of the SEC’s lawsuit against blockchain payments firm Ripple, where a federal judge ruled against the SEC’s claim that XRP is a security.
According to Bitnomial’s lawsuit, the SEC contacted the exchange shortly after the filing, claiming that XRP Futures are "security futures" that are subject to joint SEC and CFTC jurisdiction, and that Bitnomial would be violating federal securities laws if it proceeded with the listing.
https://www.foxbusiness.com/markets/bitnomial-sues-sec-over-xrp-futures-challenges-agencys-continued-claim-xrp-security
SEC Charges Cumberland DRW for Operating as an Unregistered Dealer in the Crypto Asset Markets
https://www.sec.gov/newsroom/press-releases/2024-169
The crypto market is neutral
BTC Dominance - 56.01%
Market Cap - $2.14T
BTC - $60,640.68 (-0.35%)
ETH - $2,414.7 (+0.81%)
BNB - $565 (-0.81%)
SOL - $141.13 (+0.81%)
INJ - $19.34 (-0.81%)
TON - $5.18 (+1.83%)
EIGEN - $3.79 (+3.72%)
SUI - $1.83 (-2.17%)
https://dropstab.com