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A new report from Binance Research claims that one Ethereum (ETH) competitor ignored the greater crypto market trend and witnessed a surge in activity in the third quarter of this year. Researchers at the top global crypto exchange by trading volume note that the smart contract platform NEAR Protocol (NEAR) clocked 120% quarter-on-quarter growth in terms of average monthly transactions. Explains Binance Research, “Blockchain activity generally declined across the board in Q3 with a fall in the number of transactions across most blockchains. Notwithstanding that NEAR is starting from a low base, it has witnessed increasing usage driven by top-down partnerships and grassroots initiatives.”. Source: Binance Research The researchers also note that NEAR Protocol registered an increase in daily active addresses in a quarter where most smart contract platforms suffered a decrease. The project reached an average of 650,000 daily active addresses and passed b...

INJ, WBTC, BTC, FIL, and STX are all trending tokens after their prices jumped in the past 24 hours. INJ was the leader of the pack after its price was able to climb by 17+% since yesterday. In total, the global cryptocurrency market cap rose by over 8% to stand at $1.27 trillion at press time. Injective (INJ), Bitcoin (BTC), Wrapped Bitcoin (WBTC), Filecoin (FIL), and Stacks (STX) are all trending tokens today after their prices experienced significant price jumps over the past 24 hours of trading, according to CoinMarketCap. As a whole, the global cryptocurrency market cap rose by over 8%, which left it standing at $1.27 trillion at press time. Trending cryptocurrency tokens (Source: CoinMarketCap) Injective (INJ) INJ was ranked as the top trending token after its price was able to climb by about 17.10% throughout the past day. This meant that the altcoin was trading at $11.14 after it was able to set a high price of $11.69. INJ / TetherUS 1D (So...

Over the past 30 days, TRB gained more than 150% in price , making it the top gainer among other altcoins. Tellor’s native token (TRB) has entered the top 150 cryptocurrencies by market capitalization, according to CoinMarketCap. The token soared more than 750%, becoming the most profitable over the past three months. As of press time, TRB is trading at $82.3, with a market cap of $202 million. As noted by analysts at blockchain firm Santiment, the surge in price came as network activity around Tellor hit its all-time high, generating over 50 unique transactions a day with more than $100,000 in value. Alongside whale activity , Tellor also registered a surge in daily active addresses, hitting the 504 mark on Oct. 23, according to Santiment. #Tellor's price has now jumped ~+750% since July, and whales are showing more interest than ever before while new addresses continue to pour in. $TRB is now the #192 market cap asset (and rising) as it leads the #altcoin charge...

FLOKI’s trading volume surpassed that of SHIB, PEPE, and DOGE. The meme was overbought but a rebound to $0.000025 is likely in the mid-term. If massive profit-taking begins, FLOKI would need the $0.000017 support to resist the pressure. Before October began, many market participants believed that Floki (FLOKI) would have a good showing. Interestingly, the meme coin has not disappointed, as its value has increased by 61.55% in the last 30 days. At press time, the price of FLOKI was $0.000026. However, the increase in value did not just happen without underlying developments. In fact, one reason the token was able to gather a lot of interest was the revelation by the FLOKI team that it was introducing more use cases, including the ability to stake the token. As a result of the disclosure, interest in FLOKI increased significantly, and the likes of Dogecoin (DOGE), Pepe (PEPE), and Shiba Inu (SHIB) trailed behind it in terms of trading volume. According to F...

Thailand’s government has delayed the launch of a planned digital money program aimed at stimulating its economy, while opposition leaders call for a probe of the scheme. Thailand’s planned digital wallet scheme that intends to payout 10,000 baht (~$274) to citizens over 16 years old has been delayed while critics call for a probe from the country’s electoral commission. As originally reported by the Bangkok Post, Thailand’s deputy finance minister Julapun Amornvivat announced that the planned Feb. 2024 launch of a new digital wallet has been delayed to buy more time for the development of the system. The Thai government hopes to use the wallet to issue 10,000 baht to eligible citizens in a bid to stimulate the local economy. A statement from Amornvivat highlighted that the government wants more time to ensure the security of the system underpinning the digital grant wallet, while reaffirming its launch will still take place in the first quarter of 2024. Related: BTC price nears 202...

The prevalence of the industry’s most prominent digital asset has been undeniable throughout the year. Yet, with investors swarming amidst talks of potential exchange-traded fund approval for this year, could Bitcoin (BTC) actually reach $45,000 by the start of 2024? Following a false report of Spot Bitcoin ETF approval, the crypto surged across various platforms. Specifically, on Binannce’s BTC and USDT markets, the price had increased from $27.883 to $30,000 in just 30 minutes. Therefore, could that 7% rapid jump catapult the asset when approval comes to fruition? Bitcoin cryptocurrencies and graph statistic background Also Read: Bitcoin Price Forecasts at $56K Upon Approval of BlackRock ETF Spot Bitcoin ETF Approval Could Incite Climb to $45,000 Bitcoin has always remained in a class of its own as far as digital assets are concerned. Indeed, crypto stands alone in terms of its overall mainstream appeal and recognition from those outside of the industry. Yet, i...

1. Uniswap Labs Introduces a 0.15% Fee for Token Swaps link On October 17th, Uniswap Labs commenced the imposition of a 0.15% fee on transactions involving ETH, USDC, and other tokens. This fee applies only to swaps executed through the Uniswap Labs front-end. Stablecoin swaps and transactions between ETH and wrapped ETH remain exempt from this fee. Hayden Adams, the founder of Uniswap, noted, “This interface fee is among the lowest in the industry and will enable us to continue researching, developing, building, releasing, improving, and expanding cryptocurrency and DeFi.” 2. Maker Protocol Hits an All-Time High in Annual Revenue link On October 20th, according to Makerburn data, the Maker Protocol’s annualized income surged to a record high of $2.03 billion on October 19th, and DAI’s supply reached an annual high of $56 billion. The sharp increase in income is attributed to the growth in RWA deposits used to mint DAI and the increased yield for DAI holders. MakerDAO’s RWA deposits ha...

In an Oct. 20 post, the Securities and Futures Commission (SFC) of Hong Kong shared updated guidelines that will supersede the January 2022 joint circular on virtual-asset-related activities. This comes after the SFC and the HKMA received an increasing number of enquiries from in termed iaries about the distribution of these assets. Following market developments In 2018, the SFC devised its regulatory framework for virtual assets, introducing a restriction that would limit various activities like the distribution of virtual asset funds to “professional investors only.”  Consequently, as stated in the release, a wider array of investment products have emerged, catering to both retail and professional investors offering exposure to virtual assets. As a result, the SFC has extended permission to SFC-licensed virtual asset trading platforms to serve retail investors, alongside authorization for public offerings of virtual asset futures exchange-traded funds in Hon...

The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have published a joint document that contains crypto entity suitability guidelines. Two projects from the paper involve assessing the suitability of members of management boards and shareholders or participants who hold significant stakes in asset-linked token (ART) issuers and crypto asset service providers (CASPs). The two agencies offer guidance to evaluate the suitability of shareholders or participants holding significant stakes in ART or CASP issuers. You might also like: EU finance ministers green light MiCA crypto regulation The new proposals aim to protect the integrity and instill confidence in the crypto currency market and related services while minimizing the potential for discrepancies in the application of rules and arbitration. However, the consultation period remains open until January 22, 2024. Before this, the European Union’s banking regulator called o...

In June, the Virtual Asset Users Protection Act was ushered into existence without the necessary regulator y underpinning, as highlighted by the chief of South Korea’s Financial Supervisory Service. The FSS of South Korea is actively formulating supplementary regulations to fortify the Virtual Asset Users Protection Act, ratified earlier in 2023, as per local reports. Anticipated to be finalized by January, these new regulations are poised to be in effect concurrent with the law’s enforcement, revealed the head of FSS. On October 17, the Political Affairs Committee of the South Korean National Assembly scrutinized the FSS, during which Lee Bok-hyeon, the head of FSS, responded to criticisms asserting that South Koreans were incurring losses due to crypto “burger coins” – a colloquial term denoting foreign-issued cryptocurrencies traded within South Korea. FSS is gearing up to institute criteria for listing processes, internal controls, and the issuance and distr...

According to analysts at JPMorgan, the SEC will likely approve several spot bitcoin exchange-traded funds (ETFs) in the coming months. In a report on Wednesday, JPMorgan stated spot bitcoin ETF approvals should materialize before January 10, 2024, which is the deadline for certain filings like ARK Invest’s application. Also read: New York Attorney General Files Lawsuit Against Gemini, Genesis and DCG JPMorgan analysts led by Nikolaos Panigirtzoglou said, “This is the earliest among the various final deadlines faced by SEC across spot bitcoin ETF applications.” JUST IN: JP Morgan expects the SEC to approve multiple Spot # Bitcoin ETF 's within months. — Watcher.Guru (@WatcherGuru) October 19, 2023 JPMorgan cites increased optimism for spot Bitcoin ETF approvals The bank cited growing optimism around multiple approvals following the SEC’s inaction on appealing Grayscale’s win. The decision required the agency to reexamine a...

Grayscale filed a new registration statement with the Securities and Exchange Commission after a D.C. circuit court ruled the regulator must look again at the company's application. Major cryptocurrency investment firm Grayscale has filed a new application with the Securities and Exchange Commission (SEC) for a new spot Bitcoin (BTC) exchange-traded fund (ETF). Grayscale on Oct. 19 submitted an S-3 form registration statement with the SEC intending to list the shares of Grayscale Bitcoin Trust on the New York Stock Exchange (NYSE) Arca under the ticker symbol GBTC. The new filing comes in line with Grayscale’s ongoing effort to convert its Grayscale Bitcoin Trust into a spot Bitcoin ETF, according to a statement by Grayscale.  “We remain committed to working collaboratively and expeditiously with the SEC on behalf of GBTC’s investors,” the firm wrote in the announcement. The latest S-3 registration statement is a shorter filing version of a typical form S-1 statement that targets ...

According to a recent Forbes report, BlackRock and JPMorgan will bring about the next bull run in crypto, particularly for Bitcoin (BTC), Ethereum (ETH), and XRP. As per the report, all major cryptos will see “a huge BlackRock-led earthquake this month.” The report notes BTC’s price spike earlier this week due to fake reports about the U.S. SEC (Securities and Exchange Commission) approving BlackRock’s Spot Bitcoin ETF (Exchange Traded Fund). Moreover, Forbes also highlights that last week BlackRock became the first Wall Street firm to utilize JPMorgan’s blockchain-based collateral settlement system. According to BlackRock CEO, Larry Fink, the move will help bring in “the next generation for markets.” Also Read: JPMorgan Debuts Blockchain Settlement For BlackRock-Barclays Since last year, Fink has become increasingly vocal about the importance of crypto. He had called the technology “very important” in his annual sharehold...

The X account associated with American rapper Nelly has allegedly been hacked. According to blockchain investigator ZachXBT, the attacker used the musician’s profile to launch social engineering attacks and lure people to a crypto-phishing site. The attacker also changed Nelly’s profile, posing as a security analyst for Scam Sniffer, a web security solution. “On-chain security analyst. Helping you catch scammers @realscamsniffer.” Nelly’s account bio ZachXBT cited two messages sent by the scammer to people in which he tried to claim that they were investigating the compromise of wallet confirmation on recipient addresses. This was also an attempt to steal funds by tricking users into signing malicious transactions. Scam Sniffer on X confirmed the ZachXBT report: @NellioETH is compromise d and pretending to be a member of ScamSniffer. they are trying to message people in an attempt to social engineer them into using a phishing site. please always ma...

Singapore’s Attorney General’s Office has officially established two force s dealing with crypto , including assisting police in tracking and confiscating crypto currencies. Deputy Chief Prosecutor of the Attorney General’s Office Ong Shuren told Lianhe Zaobao that Singapore has always been quick to embrace the latest technology. It also force s our nation’s Attorney General’s Office and law en force ment agencies to keep up with the times and understand how criminals use technology and the new crime patterns that arise from it. The two groups focus on technology crime and virtual currency, respectively. This year, it formally established two task forces to address new challenges: the Technology Crime Working Group (Technology Crime Task Force) and the Cryptocurrency Task Force. You might also like: Singapore police report higher total involved in money laundering case The Technology Crime Working Group focuses primarily on computer or technolo...

Cronos Labs has launched the third round of its $100 million accelerator program, designed to support early-stage crypto projects and promote innovation in the blockchain and artificial intelligence (AI) industries.  The program acknowledges the possibilities that arise from synergizing AI and blockchain. It provides a platform for startups focusing on these domains and strives to elevate these nascent technologies. From Sep. 4 to Sep. 10, the recruitment phase of a 12-week program was conducted during Korea Blockchain Week. The program aimed to attract and foster projects that use AI to enhance speed and efficiency, allowing for a smoother route to market for new products. AI technologies, such as ChatGPT, dominate the market, and venture capitalists are increasingly focusing on investing in AI. Thus, integrating AI and crypto can be invaluable in securing investment. Cronos Labs offers an environment for blockchain developers to create solutions using AI. ...

Lookonchain revealed in an X post today that Machi Big Brother purchased 2.24 million APE over the past 24 hours. According to the post, this particular whale has been purchasing APE everyday since 2 August 2023. From a technical perspective, APE was attempting to break out of a medium-term negative price channel. Lookonchain, the on-chain monitoring platform, revealed in an X (formerly Twitter) post today that a whale has been purchasing ApeCoin (APE) regularly over the past few weeks. According to the post, Machi Big Brother has purchased APE everyday since 2 August 2023. Lookonchain also shared that the whale has purchased a total of 4.73 million APE during this period. Machi Big Brother(@machibigbrother) has been buying $APE almost every day since Aug 2, with a total of 4.73M $APE ($7.43M, the average cost is $1.57). He spent 1,761 $ETH($2.89M) and 52K $USDC to buy 2.24M $APE($2.94M). And withdrew 2.5M $APE($4.49M) from #Binance. pic.twitter.com/WU6F3TZN...

The U.S. Securities and Exchange Commission (SEC) may have found additional ammunition to deny future Bitcoin ETF applications following a recent misinformation debacle. The latest development involved false reports claiming the SEC’s approval of a Bitcoin ETF from BlackRock, which led to significant market volatility. Fake news on Bitcoin ETF On Oct. 16, cryptocurrency media outlet Cointelegraph erroneously reported that the SEC had approved a spot Bitcoin ETF from BlackRock’s iShares. The false news was widely circulated on social media, causing Bitcoin’s (BTC) price surge. You might also like: Crypto market sees massive ‘pump and dump’ amid fake Bitcoin ETF news BlackRock quickly clarified that its ETF application was still under review, but the damage was already done. The incident led to market liquidations worth approximately $182.5 million in the last 24 hours. Cointelegraph subsequently amended its original article, adding the qualifier ...