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- Better Late Than Never - Could Yesterday's BTC Explosion Spark a Delayed "Uptober"?
Better Late Than Never - Could Yesterday's BTC Explosion Spark a Delayed "Uptober"?
Austin Hodge
October 16, 2024 • Read Time: 12 minutes
As Bitcoin's price pumped yesterday, taking investors on a wild ride to $68,000 before settling at $67,000, it's clear the crypto world is buzzing with energy and building for what many hope will be a delayed, but robust “Uptober.” Meanwhile, Litecoin and Dogecoin stole the spotlight among larger-cap altcoins, each rallying by 6%. With Bitcoin now boasting a market cap near $1.330 trillion and dominating 55% of the crypto market, spurred by spot ETF demands, it's a fascinating time for financial enthusiasts. Even with other coins like Ethereum and Ripple experiencing less dramatic movements, the total crypto market cap is on an upward trajectory, showcasing a hefty $130 billion rise in just two days.
Oh, and did I mention that Tesla transferred over 11,000 bitcoin, gaming represented a 25% share of on-chain activity in Q3, and a new “network state” received over half a billion dollar investment to bring a crypto-native city to life?
Let's dive in!
Google's alliance with Kairos aims to integrate SMRs for eco-friendly cryptocurrency mining by 2030, marking a potential paradigm shift. — Read More
Network State Praxis secures $525M to build a city attracting crypto entrepreneurs, AI investment, and reduced regulatory environments — Read More
Democratic Senator Elizabeth Warren and Republican challenger John Deaton clash in a heated Senate debate over crypto regulations, banking, immigration, and more. — Read More
Kamala Harris claims to support crypto protection policies for black investors but offers little detail on crypto regulations, sparking criticism. — Read More
Coinbase ends its direct crypto paycheck feature, sparking user discontent and teasing a future wallet integration upgrade. — Read More
Ethena (ENA) skyrockets 96.6%, boosted by ecosystem expansion and whale investments, hitting a market cap of $1.14 billion. — Read More
Boundless launches decentralized eSIM service with private and pseudonymous 5G access. — Read More
World Liberty Financial launches WLFI token, securing $11 million from around 9,000 investors, striving for a $300 million raise. — Read More
HTX and TradingView enable seamless crypto trading with a new integration, enhancing user experience and trading efficiency. — Read More
Ripple invests $25M in Bitnomial to develop a regulated digital asset derivatives market. — Read More
Ripple announces global exchange partnerships to distribute RLUSD, a USD stablecoin targeting enterprise applications. — Read More
Salvadorans Support Bukele but Shun Bitcoin as Legal Tender
Survey reveals only 7.5% of Salvadorans use Bitcoin, despite its legal tender status.
Tesla Transfers Entire $760M Bitcoin Holdings
Tesla shifts all 11,500 BTC, sparking market speculation and volatility.
Bitcoin Poised for New Highs Amid Bullish Metrics
Bitcoin price metrics suggest potential 2024 all-time high, fueled by rising open interest and declining exchange supply.
Malta Firm Adopts Microstrategy's Bitcoin Strategy
Malta company emulates Microstrategy by investing heavily in Bitcoin.
Blockstream Secures $210M to Expand Bitcoin Infrastructure
Blockstream raises $210 million, aims to enhance mining and layer-2 Bitcoin technology.
Bitcoin Cash Eyes $500 Amid Recent Surge
Bitcoin Cash price surges 15% with potential to hit $500, fueled by bullish technical indicators.
Bitcoin ETF Inflows Surge to 4-Month High
Spot Bitcoin ETFs see record inflows, boosting BTC price by 13.5%, with AUM hitting $60 billion.
Bitcoin Runes Resurgence Raises Transaction Fees
Bitcoin transaction fees hit multi-month highs as Runes protocol activity surges, boosting miner earnings by $5 million.
Kraken Enables ETH Restaking on EigenLayer
Kraken now offers non-U.S. customers a chance to restake ETH on EigenLayer, boosting yield prospects for crypto investors.
Sonic Founder Criticizes Ethereum L2 Adoption
Andre Cronje voices concerns over Ethereum L2 Appchain adoption hurdles.
Ethereum Whales Snap Up $254M in ETH Amid Exchange Inflows
Ethereum whales acquired $254 million in ETH despite rising exchange inflows, indicating mixed market signals.
Ethereum's DEX Dominance Declines Amidst Rising Competition
Ethereum's DEX market share falls below 40% as it faces increasing competition from Solana and Base, driven by meme coin activity.
Litecoin Soars 11% on Spot ETF Filing
Litecoin surges 11% following spot ETF application by Canary Capital and rising market optimism.
BlackRock’s Tokenized Fund Hits $18.68M in USDC Conversions
Zero Hash processed $18.68 million in USDC conversions for BlackRock's BUIDL fund, boosting the tokenized investment landscape.
Stablecoin Market Cap Hits Record $170B in Q3
Stablecoin usage surged in Q3 2024, with market capitalization reaching $170 billion, driven by regulatory clarity and increased utility.
Base Protocol Surges to Top 5 in DeFi Rankings
Base Protocol cracks top 5 by surpassing $2 billion TVL, shaking up Layer-2 playfields.
Public Key Podcast Episode 132: Tether's Role in Global Crypto Adoption
Public Key podcast explores Tether’s impact on decentralized finance, featuring insights from CEO Paolo Ardoino about the company’s journey and future initiatives.
Sui Foundation Denies $400M Insider Token Sales
Sui Foundation dismisses insider sell-off allegations during SUI's price surge, pointing instead to an infrastructure partner's scheduled token sales.
RWA Tokenization Set for Explosive Growth by 2030
RWA tokenization market could increase 50-fold to $10 trillion by 2030, according to Tren Finance.
Praxis Secures $525M for Tech-Centric City
$525M backing launches Praxis's plan for a crypto-AI friendly city, aiming to ease regulatory hurdles for tech innovation.
Singularity Finance Launches as AI-Driven EVM Layer 2 Platform
SingularityDAO, Cogito Finance, and SelfKey merge to form Singularity Finance, an EVM L2 aimed at tokenizing AI assets for improved DeFi.
AI Bot's Meme Coin Endorsement Spurs 8,000% Surge
AI bot Truth Terminal's endorsement of Goatseus Maximus coin sparks over 8,000% rally, highlighting AI's growing role in crypto.
$525M in financing for @praxisnation to build the next great city.
Together with our partners, we designed a novel drawdown mechanism for the development of new cities. This is its first deployment.
— Dryden (@drydenwtbrown)
7:26 PM • Oct 15, 2024
Blockchain Gaming Captures Over 26% of On-Chain Activity in Q3
Web3 gaming accounted for over 26% of Q3 on-chain activity, fueled by a 21% increase in daily active wallets, despite a massive downturn in investment.
Off The Grid sparks crypto gaming resurgence
Off The Grid's success ignites speculation of a new Web3 gaming boom, drawing attention from the crypto community.
Telegram's Role in Web3 Adoption Highlighted by Animoca CEO
Animoca CEO believes Telegram will become essential for every blockchain project, representing a crucial tool for user engagement and onboarding.
GAM3 Awards 2024 Finalists Announced with $5M Prize
GAM3 Awards 2024 unveils its finalists, offering a $5 million prize pool to celebrate innovation in web3 gaming.
Azra Games Raises $42M to Revolutionize Mobile RPGs
Azra Games secures $42M led by Pantera Capital to develop blockchain RPGs with NFT integration, eyeing global team expansion.
Excited to share that my colleague @saragher22 has released the Q3 State of Blockchain Gaming report! 🎮
Blockchain gaming led Web3 this quarter with 26% of all dapp activity, 4.4M daily active wallets. Stay ahead & dive into the top-performing blockchains driving this growth.
— Kornelija (Korn) 📡 (@KornelijaGud)
7:28 AM • Oct 16, 2024
TikTok Under Fire for Crypto-Like Operations
TikTok's virtual currency system raises scrutiny, mirroring crypto exchange operations.
Who's Next for SEC Chair After Gary Gensler?
Dan Gallagher, Chris Giancarlo, and Hester Peirce are top contenders to replace SEC Chair Gary Gensler in 2025.
Dubai's VARA Maintains Controlled Licensing Approach
Dubai's VARA has achieved a balanced licensing timeframe, granting approvals to major exchanges like Binance and OKX.
Grayscale Seeks SEC Approval for Multi-Crypto ETF
Grayscale aims to convert its Digital Large Cap Fund into an ETF amidst skepticism over XRP approval.
Bitfinex Hacker Lichtenstein Faces 5-Year Term
US prosecutors push for a 5-year sentence for Ilya Lichtenstein for his $6 billion Bitfinex hack involvement.
KRA announced plans to track crypto transactions in real-time to curb tax evasion and modernize their system.
Coinbase Battles SEC Over Crypto Documents
Coinbase seeks partial summary judgment against SEC to access crypto regulation documents.
Bitcoin Challenges Predatory Banking, Says Attorney Deaton
Criticizing Warren's crypto policies as bank-biased, John Deaton advocates Bitcoin for reducing predatory banking fees.
Cosmos Hub's Liquid Staking Faces Security Crisis
Allegations surface about North Korean developers contributing to Cosmos Hub's Liquid Staking Module, with severe security vulnerabilities left unaddressed.
Tokens as the Future of Financial Innovation
Alex Tapscott argues tokens will democratize finance like ETFs did, paving the way for new markets and financial products.