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💧 Recent Funding Rounds Backed by Top Tier Angels
👉 https://dropstab.com/investors
Ethena Labs: “We are aware of questions circulating in Discord and X as to whether investors or the Ethena team are earning Ethereal rewards via sENA using locked tokens.
We would like to categorically confirm to our community that absolutely no locked team or investor tokens are staked as sENA earning any rewards, including Ethereal.
This was confirmed in Discord publicly last week per the screenshot below.
Any ENA that was sent out of the wallets in question are unlocked following the exact vesting schedule outlined in the original token distribution blog post.
The wallets in question contain unlocked foundation tokens that would fit under the eligible criteria. Nevertheless, the foundation has confirmed to us that these tokens will *NOT* be recipients of any airdrop or related rewards from Ethereal.
A section will be added to the UI this week to clarify the total sENA eligible for future airdrops, which also excludes the undistributed sENA sitting in Liquifi contracts, to make this more clear to users.”
https://x.com/ethena_labs/status/1850842529908101134
The Hong Kong government’s Treasury chief said the city will extend existing tax concessions to cover cryptocurrency investments by the end of this year.
The regulators also plan to approve more crypto asset trading platform licenses by the end of the year.
https://www.theblock.co/post/323216/hong-kong-eyes-tax-breaks-for-crypto-more-trading-platform-licenses-by-year-end-officials
Tether presented a preview of Tether's Local AI development kit, privacy focused, powered by peer-to-peer technology
https://x.com/paoloardoino/status/1850510489916158365
Vitalik Buterin: “bro the ETH foundation is paying researchers and devs that are responsible for
(i) ethereum not bleeding 5M ETH/year to proof of work
(ii) your fees being low today
(iii) your txs getting included in < 30s instead of like 1-30 min (eip 1559)”.
https://x.com/VitalikButerin/status/1850416571942068525
Volt 6 of Linea Surge has started
https://x.com/LineaBuild/status/1849836311588290568
The crypto market is neutral
BTC Dominance - 57.52%
Market Cap - $2.31T
BTC - $67,267.94 (+0.56%)
ETH - $2,479.91 (+0.98%)
BNB - $585.3 (+1.12%)
SOL - $172.04 (+3.78%)
INJ - $18.48 (-0.95%)
TON - $4.94 (+1.56%)
SUI - $1.81 (+3.15%)
EIGEN - $2.98 (+4.7%)
https://dropstab.com
In the past 24 hours, long positions worth ~$323.07 million liquidated.
https://www.coinglass.com/LiquidationData
WSJ: “Federal Investigators Probe Cryptocurrency Firm Tether.
Authorities looking at possible violations of anti-money-laundering and sanctions rules.”
Paolo Ardoino: “As we told to WSJ there is no indication that Tether is under investigation. WSJ is regurgitating old noise. Full stop.”
https://www.wsj.com/finance/currencies/federal-investigators-probe-cryptocurrency-firm-tether-a13804e5
https://x.com/paoloardoino/status/1849876338573799912
Hacker returned $19.3 Million to drained US Government crypto wallet
https://decrypt.co/288296/hacker-returns-millions-drained-us-government-crypto-wallet
💧Current state of the market in our weekly overview
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Binance Futures will launch the MOODENGUSDT Perpetual Contract at 2024-10-25 10:00 UTC with up to 75x leverage.
The MOODENG price has increased by more than 130% in 24 hours.
https://www.binance.com/en/support/announcement/binance-futures-will-launch-usd%E2%93%A2-margined-moodengusdt-perpetual-contract-with-up-to-75x-leverage-5e93f7cd3f9a47e194085f969ac57b85
Spot ETF Flow on 24.10: BTC-ETF +$188.11M, ETH-ETF +$2.3M
https://sosovalue.com/assets/etf/us-btc-spot
GRASS Airdrop One will take place October 28th, 2024 at 13:30 UTC.
Bybit will list GRASS on Oct 28, 14:00 UTC.
https://x.com/grassfdn/status/1849525091157123313
https://x.com/bybit_official/status/1849526276622635205
Microsoft placed an “assessment in investing in bitcoin” on the voting ballot ahead of its 2024 annual shareholder meeting in early December.
The company notes the board of directors recommends voting against the proposal, in a filing with the SEC.
https://www.theblock.co/post/322962/microsoft-places-assessment-in-investing-in-bitcoin-as-a-voting-item-for-december-shareholder-meeting
USD₮ is now live on Aptos
https://x.com/Tether_to/status/1850855414897725638
EU MiCA rules pose ‘systemic’ banking risks for stablecoins — Tether CEO, Paolo Ardoino
The Markets in Crypto-Assets Regulation (MiCA) is the first comprehensive regulatory framework for the crypto industry and is set to go into full effect on Dec. 30. Under MiCA, stablecoin issuers will be required to hold at least 60% of reserve assets in European banks.
https://cointelegraph.com/news/mica-systemic-banking-risks-stablecoin-tether-ceo
Cathie Wood: “The more uncertainty and volatility there is in the global economies, the more our confidence increases in Bitcoin.”
https://x.com/cointelegraph/status/1850583241318621679
Solana flips Ethereum in 7-day fees with $25.73M over Ethereum’s $23.28M
https://x.com/Cointelegraph/status/1850493126512898091
The crypto market is neutral
BTC Dominance - 57.72%
Market Cap - $2.32T
BTC - $67,718.19 (+0.68%)
ETH - $2,473.05 (-0.4%)
BNB - $586.5 (+0.11%)
SOL - $175.16 (+1.93%)
INJ - $18.66 (+0.98%)
TON - $4.95 (+0.24%)
SUI - $1.67 (-7.47%)
EIGEN - $2.71 (-8.95%)
https://dropstab.com
The city of Lugano, Switzerland unveils new Satoshi Nakamoto statue.
https://x.com/bitcoinnewscom/status/1849769955899613679
Spot ETF Flow on 25.10: BTC-ETF +$402.08M, ETH-ETF -$19.16M
https://sosovalue.com/assets/etf/us-btc-spot
Coinbase will suspend trading for Decentralized Social (DESO) on November 8, 2024.
https://x.com/CoinbaseAssets/status/1849890034603659619
Lido announces that the Community Staking Module is live on mainnet
CSM is the first module to provide permissionless access for Node Operators, particularly solo stakers, allowing them to run validators using the Lido protocol with a minimum capital requirement of just 1.3 ETH and potential increased rewards.
https://blog.lido.fi/community-staking-module-new-era-for-solo-stakers/
The crypto market is down
BTC Dominance - 57.70%
Market Cap - $2.29T
BTC - $66,841.02 (-1.62%)
ETH - $2,455.7 (-2.41%)
BNB - $578.3 (-2.65%)
SOL - $165.66 (-4.84%)
INJ - $18.66 (-8.05%)
TON - $4.87 (-4.68%)
SCR - $0.828 (-8.58%)
SUI - $1.75 (-7.87%)
https://dropstab.com
💧 Price Gainers Among Top 300 in the Last 7 Days
👉 https://dropstab.com/tab/top-gainers
💧 Top Memes by Social Performance Created in the Last 7 Days
👉 https://dropstab.com/tab/newmemes-3uc18rxg4z
Ankr has announced a collaboration with The Open Network (TON)
With Ankr's integration of TON into its Web3 API service, developers now have the tools and infrastructure needed to build next-generation dApps, digital assets, and more for Telegram’s audience of 950 million users.
https://www.ankr.com/blog/start-building-telegram-centric-d-apps-on-ton-with-our-newest-rpc/
Pennsylvania House passes bipartisan bill to bring regulatory clarity to digital assets
The Pennsylvania House of Representatives passed a bill that protects residents' rights to self-custody digital assets, ensures their ability to use bitcoin as a payment and provides explicit guidelines around taxing bitcoin transactions.
https://www.foxbusiness.com/politics/pennsylvania-house-passes-bipartisan-bill-bring-regulatory-clarity-digital-assets
Arkham: ~$20M in US government assets moved to new address.
ZachXBT: TLDR it’s a likely theft as funds tied to the USG started going to instant exchanges like N exchnage, Switchain, and Binance nested service.
https://x.com/ArkhamIntel/status/1849509611801542678
https://x.com/zachxbt/status/1849538641325891751