October 16, 2024

Crypto VC Giant a16z Founders Donate $5M to Trump Super PAC

According to filings with the United States Federal Election Commission, Marc Andreessen and Ben Horowitz each donated $2.5 million to a pro-Trump super PAC called Right For America. Their support for Trump is based on his policies being seen as beneficial to the crypto industry and startups, which they call the “little tech agenda,” according...
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BONK Leads Crypto Market, Poised for 30% Rally

The popular Solana-based meme coin Bonk (BONK) is making waves in the cryptocurrency landscape with its impressive performance. On October 16, 2024, the meme coin led the crypto market and outperformed top cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and many others. BONK’s Current Price Momentum  According to the CoinMarketCap data, BONK is trading...
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Massachusetts Senate Debate: Elizabeth Warren and John Deaton Spar Over Crypto

The highly anticipated debate between incumbent Massachusetts senator and digital asset critic Elizabeth Warren and her pro-crypto challenger, John Deaton, finally happened. Among the highlights of the exchange was Senator Warren’s accusation that Deaton could become a mouthpiece for the crypto industry if he won, ostensibly putting its interests ahead of those who elected him....
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Neon EVM Adopts Network Extensions to Redefine Solana’s Product Categories

[PRESS RELEASE – London, United Kingdom, October 16th, 2024] Neon EVM Pioneers the Network Extension Category on Solana, Ushering in a New Era of Unified Growth. Neon EVM, a leading Ethereum Virtual Machine (EVM) on Solana, formally adopts Solana Network Extension as a product category, perfectly capturing the essence of this new category. Network Extensions...
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Trump’s World Liberty Financial Raises Only $11M in First Day of Token Sales

World Liberty Financial (WLF), the highly anticipated decentralized finance (DeFi) protocol backed by Donald Trump, kicked off its public token sale on Tuesday, raising approximately $11.49 million on its first day. This figure represents around 3.8% of the protocol’s ambitious $300 million fundraising target expected from the token’s first sale. Figures Fall Short of Projections...
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Ethereum’s Top Stakers Control 48% of Staked ETH in a ‘Potentially Unhealthy’ Centralization: Flipside

There is a stark difference between the staking concentration of Ethereum and Polygon. A new report suggests that Ethereum’s staking activity remains considerably more concentrated than Polygon’s in what it considers “potentially unhealthy” for the ecosystem. Ethereum Staking Dominated by Few According to Flipside’s “YoY PoS Staking Report” shared with CryptoPotato, from September 2023 to...
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Arthur Hayes Lays Down Possible Conflict Scenarios That Can Impact Bitcoin (BTC)

Top cryptocurrencies such as Bitcoin, Ethereum, and the rest of the market saw significant declines in early October due to rising geopolitical tensions between Iran and Israel, sparking fears about the stability of digital assets as a “safe haven.” Although prices have since recovered by mid-October, lingering concerns about market volatility persist. Evaluating Bitcoin Amidst...
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Tron Price Prediction: Can TRX Overcome Market Challenges?

Tron (TRX) price has gradually been grinding up since early 2023, despite the short-term crypto correction experienced since early March this year. The large-cap altcoin, with a fully diluted valuation of about $13.7 billion and a daily average traded volume of over $451 million, has been retesting its 2021 all-time high (ATH) in the past...
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INFINIT Unveils Rewards System and Ecosystem Protocols to Promote Decentralized Finance Engagement

[PRESS RELEASE – Bangkong, Thailand, October 16th, 2024] INFINIT is proud to announce announces the launch of the INFINIT Rewards System and INFINIT Ecosystem Protocols, designed to encourage community involvement in building a decentralized finance (DeFi) abstraction layer and enabling decentralized ownership within the INFINIT framework. The INFINIT Rewards System introduces INFINIT Stones, which are...
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Is Grayscale’s Most Recent SEC Filing Ripple’s (XRP) Best Shot at Having a US-Based ETF?

Grayscale Investments has filed a request with the U.S. Securities and Exchange Commission (SEC) to convert its mixed-crypto fund into an exchange-traded fund (ETF). This development comes as Canary Capital makes plans for a spot Litecoin ETF. Grayscale’s New ETF Currently trading over the counter, Grayscale’s Digital Large Cap Fund (GDLC) has $524 million in...
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Runes Activity Rebounds: Bitcoin Transaction Fees Hit Multi-Month Record Highs

Bitcoin witnessed record-breaking fees due to the frenzy of activity on the new Runes Protocol, which went live on its fourth halving event. After months of inactivity, Runes activity is seeing a notable resurgence. Bitcoin Runes Stages Comeback The latest data compiled by IntoTheBlock shows that the number of Bitcoin Runes transfers has tripled since...
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Tesla Moves Entire $760M Bitcoin Stash, Is Elon Musk About to Sell Again? 

Elon Musk’s Tesla has moved almost its entire stash of 11,500 BTC worth around $760 million, according to Arkham Intelligence. There were 26 transactions in total on Oct. 15 to various w9allet addresses, it revealed. The Tesla holdings had been dormant for two years up until these latest transactions. The wallet balance is now zero,...
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5 Reasons You Need to Use Crypto Trading Bots

In crypto, prices move non-stop, which means waiting around isn’t an option. Markets are open 24/7, making it impossible for traders to keep up with every market shift.  Enter crypto trading bots – a way to automate your trades based on market movements. Grid trading bots in particular, are a popular choice as they take...
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Persistent Weak Layer

(Any views expressed here are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.) Want More? Follow the Author on Instagram and X Access the Korean language version here: Naver I spent the first two...
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Bitcoin (BTC) $ 95,328.54 2.21%
Ethereum (ETH) $ 3,297.13 2.91%
Tether (USDT) $ 0.999252 0.13%
XRP (XRP) $ 2.22 1.47%
BNB (BNB) $ 654.56 1.88%
Solana (SOL) $ 180.92 2.65%
Dogecoin (DOGE) $ 0.312406 4.50%
USDC (USDC) $ 0.999786 0.06%
Lido Staked Ether (STETH) $ 3,291.54 3.09%
Cardano (ADA) $ 0.885259 3.77%