Latest News in the Blockchain World

Important Updates in the last 24 hours

Nobel Prize Winners Back Harris for Presidency

More than 20 Nobel Prize-winning economists have come together to publicly endorse Democratic candidate Harris for the upcoming U.S. presidential election. They have criticized Trump’s economic policies, especially his proposal to increase tariffs. Recent polls show a narrowing gap between the two candidates as Trump’s approval ratings rise.

Bluesky Secures $15 Million Funding led by Blockchain Capital

The decentralized social platform Bluesky has successfully completed a Series A funding round, gathering $15 million with Blockchain Capital at the helm. Bluesky emphasized that it will not integrate cryptocurrencies or blockchain technology into its platform at this stage, focusing on enhancing social experiences instead.

GRASS Airdrop Scheduled for October 28

The GRASS Foundation has announced an upcoming airdrop scheduled for October 28 at 13:30 (UTC). Users who acquired 500+ points before October 14 and linked their wallets on the Grass dashboard are eligible for the airdrop.

U.S. Government Hacker Converts Stolen Funds to ETH

After stealing funds from the U.S. government, the hacker exchanged part of the stablecoins for 2,709 ETH (approximately $6.08 million). The ETH was then transferred to Binance and two new addresses, while the remaining stolen funds are still stored in AUSDC.

Musk Increases Support for Trump with $44 Million Donation

Elon Musk has donated an additional $44 million to support Trump’s campaign, reinforcing his financial backing. Previous reports revealed that Musk had donated $75 million to the campaign in the previous quarter.

Argentinian Regulators Inspect Cryptocurrency Companies

Argentine financial authorities conducted their first on-site inspection of a Bitcoin and cryptocurrency exchange to mitigate risks of money laundering, terrorist financing, and weapon of mass destruction funding. This move aligns with Argentina’s efforts to combat cryptocurrency-related scams and unauthorized platforms.

Kraken to Appoint Tribe Capital Co-founder as Co-CEO

Arjun Sethi, co-founder of Tribe Capital, is expected to assume the role of co-CEO at Kraken, alongside current CEO Dave Ripley. Sethi’s appointment aims to bolster Kraken’s leadership and operational strategies in the cryptocurrency exchange realm.

Musk Awards $1 Million Prizes to Voters Despite DOJ Warning

Elon Musk’s super PAC issued two $1 million prizes to registered voters in Michigan and Wisconsin, defying warnings from the Department of Justice. The DOJ cautioned against such lottery schemes, citing potential violations of federal election laws.

Deribit’s Options Pricing Indicates Bitcoin’s Chance to Reach $100,000

Deribit’s BTC options trading suggests a 9.58% probability of Bitcoin surpassing $100,000 by December 27. The options market serves as a gauge for investors’ sentiment and price expectations in the crypto space.

Binance Adjusts Leverage and Margin Tiers for Perpetual Contracts

Binance has updated the leverage and margin tiers for several U-based perpetual contracts, including ICPUSDT, to enhance trading efficiency and user experience. Existing user positions will remain unaffected by these modifications.

Ripple Appeals SEC’s Ruling on XRP Institutional Sales

Ripple Labs has submitted an appeal to the U.S. Second Circuit Court of Appeals challenging the SEC’s ruling on XRP institutional sales. This legal move follows a previous court decision imposing fines on Ripple for its XRP sales.

Recommended Insights from the past 24 hours

Kraken Unveils Layer 2 Blockchain Ink for DeFi Integration

Kraken introduces Ink, its Layer 2 blockchain based on the Optimism Superchain, facilitating seamless DeFi integration. Ink aims to simplify on-chain transactions and interactions with various DeFi protocols and applications, enhancing accessibility for users.

Evaluating L1 Tokens versus L2 and DApp Equity Tokens in the AI Memecoin Trend

Frax founder explores the differences in value between L1 tokens, which resemble sovereign assets, and L2/DApp tokens, akin to equity assets generating cash flow. Understanding these distinctions is crucial amid the evolving AI Memecoin craze.

Binance Surpasses $100 Trillion in Trading Volume

Binance achieves a significant milestone with its cumulative spot and derivatives trading volume exceeding $100 trillion, solidifying its position as a global crypto exchange leader. The platform’s success reflects the industry’s rapid growth and increasing adoption.

Investment in Moonwalk’s Fitness Trend Potential

Will Moonwalk, backed by Binance Labs and other prominent investors, ignite a new wave of fitness trends in the Web3 realm? With a focus on innovation and user engagement, Moonwalk aims to emulate the success of StepN in the fitness and health sector.

Analyzing Crypto VC Investment Levels

A comprehensive review highlights key players like Animoca Brands and a16z leading high-return deals in the crypto venture capital space. These companies demonstrate consistent success in identifying promising investment opportunities.