Category: AI

TelegramgameTomarketisexpectedtolaunchitsTOMAtokenonTheOpenNetwork(TON)duringHalloween,andwhilewewon’tknowwhatthetokenisworthuntilit’strading,thegame’sdevelopersarebettingthatsomeplayersarewillingtospendmoneyinadvancetoboosttheirallocation. OnMonday,TomarketrevealedasaleforitsPremiumMedal,anitemthatprovidesvariousbenefitsforusers,includingfortheimpendingairdrop. Mostnotably,thein-gamemedalprovidesa“bonusmultiplieronyourTOMAallocation,”alongwith“100%tokenswhenwelist.” Inotherwords,playerswhopurchasetheitemwillseesomeundisclosedboosttotheamountoftokenstheyearnedthroughgameplay,whiletheotherbonussuggeststhegamewillnotgiveplayerstheirentireearnedallotmentrightaway—withoutbuyingthemedal,thatis. HamsterKombatsimilarlyheldbackaportionofplayers’tokens,whichwillvestoveraspanofseveralmonths,thoughthatmassivelypopulargamedidnotofferawaytospendmoneytounlockyourentireallocationfromthestart. Tomarkethasyettounveildetailsontokenvestingorthesizeofthemultiplier,butitissellingthePremiumMedalfeaturefor1TONor250Telegramstars—approximately$5eitherway. Just200,000oftheitemsareavailableforpurchase,accordingtothedevelopers,thoughit’snotclearhowmanyareremaining.Decrypthasreachedouttolearnmore. Inanycase,theitemwillalsooffera“bonusmultiplier”inanotherupcomingfeatureorservice,alongwith“morebenefits,”thein-gamescreensuggests. ATomarketrepresentativeclarifiedtoDecrypt’sGGthatplayerswillreceivetheirairdropallocationswithin24hoursofthetokengenerationevent,whichissetforapproximately12pmETonThursday,October21. OnTuesday,thedevelopersofTomarket—whichhasamassedover40millionplayersasoflastweek—saidthatthegamewilladda“FarmingPool”featurefollowingthetokenlaunch.ThefeaturewillletTOMAholdersearnaccesstotokenfarmingopportunitiesfornewprojects,alongwiththeabilitytoearnbyreferringfriendstosuchprojects. EditedbySebastianSinclair decrypt.co

BancoBisa,oneofBolivia’slargestbanks,announcedlastweekthelaunchofitscryptocustodyservice,makingitthefirstregulatedfinancialinstitutioninthecountrytodoso. SolelysupportingthestablecoinTether(USDT),theserviceenablescustomerstobuy,sell,andtransfercryptodirectlythroughtheirbankaccounts,localmediareportedThursday. ItfollowsaweakeningcurrencyinAndeancountries.Lastmonth,inflationinthecountryhititshighestpointinnearly10years,drivingupthedemandforU.S.dollars. BancoBisa’svicepresidentofbusiness,FrancoUrquidi,toldlocalpressatthetimethefunctionwouldallowpeopletosendmoneytorelativesabroad. “Ourclientsgothrougharigorousverificationprocess,givingthempeaceofmindthattheirtransactionsarecarriedoutthroughsecureandreliablechannels,”Urquidisaid,peraroughtranslationoflocalmediareports. TheserviceallowscustomerstostoreUSDTindefinitely,transferfundsabroad,andfacilitatepaymentsforfamilymembersstudyingoverseas. USDTisthelargeststablecoinbymarketcapitalizationandthebackboneofthecryptoeconomy,mainlybecauseitissowidelyusedbytraderstoenterandexittrades. Stablecoinsareatypeofdigitaltokenpeggedtoacurrencyorcommodity—typicallyU.S.dollarsorgold. It’sunclearwhetherBancoBisa’sservicewillbeavailableforeverydaytransactionsatlocalmerchants.Thebankdidnotimmediatelyrespondtoarequestforcomment. Inanycase,theservicestartsat200USDTuptoadailylimitof10,000USDT,withfeesrangingbetween35(US$5.07)and100bolivianos($US14.48).TransferstoU.S.dollaraccountsabroadincurachargeof280bolivianos(US$40.55),perthereports. ByLatinAmericanstandards,Boliviaisaquietnationintermsofcryptoadoption:Bitcoinminersaren’teyeingupthelandlockedcountryliketheyareinParaguay,andtheassetclass’receptionisnothingcomparedtoneighboringBrazilorArgentina. Thecountryalsodoesn’treceiveanywhereneartheamountofcryptoviaremittancesthatothernationsintheregiondo,Chainalysishasfound. EditedbySebastianSinclair decrypt.co

LidohasannouncedtheintegrationofChainlink’sCross-ChainInteroperabilityProtocol(CCIP)toenablecross-chainstakingacrossEthereumlayer-2networkssuchasArbitrum,Base,andOptimism,accordingtoanOct.29statementsharedwithCryptoSlate. ThisintegrationwillpowerLido’sDirectStakingfeature,allowinguserstostakeETHfromvariousblockchainnetworksandreceivewrappedstakedETH(wstETH)inreturn.Atlaunch,thefeaturesupportsstakingthroughtheArbitrum,Base,andOptimismnetworks. JakovBuratović,Lido’sMasterofDeFi,commentedthatthisnewstakingapproachenhancesliquidityandsupportscross-chaininteroperabilityacrosslayer-2networks.Hestated: “ThisalignswithLido’smissiontodemocratizestakingbymakingliquidstakingmoreaccessible,whilemaintainingdecentralizationandadvancingthebroaderDeFiecosystem.” Alongsidethestakingintegration,LidowillutilizeChainlink’sDataFeedstodeterminewstETH’sredemptionrateonEthereum,providingreliabledatafortheexchangerate.Additionally,LidowilluseChainlinkAutomationtobatchcross-chainETHtransfers,enhancingliquiditymanagement. AccordingtoLido,ChainlinkCCIPwaschosenforitsadvancedsecuritymeasuresandtheblockchainnetwork’sproventrackrecordinsecuringdecentralizednetworks.Chainlink’sdecentralizedoraclenetworkshavesafeguardedbillionsofdollarsinassetsandfacilitatedtrillionsinon-chaintransactions. Howitworks Previously,LidorequireduserstoeitherexchangeETHforwstETHthroughthird-partyplatformsormanuallybridgeETHtotheEthereummainnet. Withthenewintegration,Lido’sDirectStaking,combinedwithChainlink’sProgrammableTokenTransfer,streamlinesthisprocessintoasingletransaction.UserscannowstaketheirETHdirectlyfromArbitrum,Base,orOptimismandreceivewstETHwithoutextrasteps. TheDirectStakingfeature,poweredbyCCIP,enablesseamlesscross-chaintransactions.Thisintegrationsupportsnotonlytokentransfersbutalsoincludestokeninstructions,whichChainlink’sProgrammableTokenTransfersfacilitateinonesmoothtransaction. LidoalsoemphasizedthatthismethodofobtainingwstETHonlayer-2networkscomplementsexistingprocesseswithoutalteringthecoreLidoprotocolorwstETHdeployment.ThestakingprovidernotedthattheDirectStakingfeaturecouldexpandtootherlayer-2andalternativelayer-1networks,increasingaccessibility. ChainlinkLabs’ChiefBusinessOfficerJohannEidsaidtheintegrationwould“unlockaone-stepconnectiontostakingforLidoonArbitrum,Base,andOptimism,enablinguserstoeasilyaccessthebenefitsofinlow-fee,fast-executionenvironments.” Eidadded: “LSTshavebecomeanimportantpartoftheDeFieconomyandmakingthemmoreeasilyaccessibleacrossthemulti-chainlandscapethroughtheuseofCCIPwillhelpgrowtheonchaineconomy.” cryptoslate.com

PEPE’spricehasrisen11%inthelast24hours,sparkingspeculationonitspotentialforfurthergrowth.Despitesomefluctuations,thecurrenttrendremainsstrong.Recentindicatorsshowthatwhilemomentumiseasing,thepossibilityforadditionalgainspersists. Apossiblegoldencrossformationsuggeststhatashifttoastrongeruptrendcouldbeonthehorizon,withkeyresistancelevelsaheadofferingroomforcontinuedgrowth. PEPECurrentTrendIsStillStrong Duringtherecentpricesurge,PEPE’sADXclimbedabove50,signalingastronguptrend.Now,theADXhasdroppedto37,suggestingthatthetrendislosingstrength. WhileanADXabove50showshighmomentum,avalueof37meansthemarketmaybecoolingdown. PEPEADX.Source:TradingView TheADX(AverageDirectionalIndex)measuresthestrengthofatrend,regardlessofitsdirection.Itrangesfrom0to100,withvaluesabove25indicatingastrongtrendandbelow20showingaweakone.AnADXabove50meansaverypowerfultrend,while20-40suggestsmoderatestrength. WithPEPE’sADXnowat37,theuptrendisstillpresentbutnotasforcefulasbefore.Thisdropinmomentumcouldindicateapotentialslowdownoraconsolidationphase. ThisMetricShowsPEPEIsn’tOverboughtYet PEPE’sRelativeStrengthIndex(RSI)hasrisento57.39,upfrom36justadayago.Thissignificantincreasesuggestsgrowingbuyinginterestandmomentuminthemarket.TherapidjumpinRSIreflectsashiftfromapreviouslyneutraltoamorebullishsentiment. PEPERSI.Source:TradingView RSImeasuresthespeedandmagnitudeofpricemovements.Itrangesfrom0to100,withvaluesbelow30indicatinganoversoldconditionandabove70indicatingoverbought.PEPE’sRSIisat57.39,whichisstillcomfortablybelowtheoverboughtthreshold. Thismeansthepricecancontinuerisingwithouttheimmediateriskofbeingoverextended,establishingPEPEasoneofthebiggestgainersinthelastweekamongthemostrelevantmemecoinsinthemarket.ThecurrentRSIvaluesuggeststhatPEPEcouldmaintainitsupwardmovementbeforehittingoverboughtlevels. PEPEPricePrediction:ANew25%PriceSurge? PEPE’sEMAlinesarestillbearish,buttheshort-termlinesareclosetocrossingabovethelong-termlines.Ifthishappens,itwillformagoldencross,abullishsignalthatindicatesapotentialshiftintrendforPEPEprice. Agoldencrossoftensuggeststhatmomentumisbuilding,andfurtherpricegainsmayfollow. PEPEEMALinesandSupportandResistance.Source:TradingView PEPE’snextresistancelevelsareat$0.00001082and$0.00001198.Reachingthesecondonewouldresultinapotential25%priceincrease. However,iftheuptrendfailsandPEPEentersadowntrend,thepricemightfalltosupportlevelsat$0.00000881oreven$0.00000773.Thismeansthatwhilethereisanopportunityforgrowth,thereisalsoariskofdeclineifmomentumdoesn’tsustain. beincrypto.com

AmericancryptoassetmanagerGrayscaleInvestmentshasannouncedthattwoofitsmajorregulatedfunds,theBitcoinandEthereumMiniTrustshavehitamajormilestone.Ascontainedinapressrelease,theproductshaveaccumulated$750millionsincetheirdebutinJuly.

Consensys,theEthereum-focusedblockchaintechnologyfirmandcreatoroftheMetaMaskwallet,hasannounceda20%reductionofitsworkforce,impactingapproximately162employees.FounderandCEOJosephLubinattributestheselayoffstoboththebroadermacroeconomicchallengesandregulatorypressuresfromtheU.S.SecuritiesandExchangeCommission(SEC).

Web3firmandMetamask’sparentcompanyConsensysannouncedonitsblogonOctober29thatitwaslayingoff160employeesacrossseveraldepartments,equatingtoabout20%ofitsworkforce.ThecompanyexplainedthatthemassivefeesitincurredduringitslegalbattleswiththeU.S.SecuritiesandExchangeCommission,plusmacroeconomicfactors,contributedtothedecision. Thecompanyappreciatedthelaid-offemployees’contributiontoConsensysandtheweb3industry’ssuccess.Consensysstillpromisedemployeesseverancedependingontheirtenures,anextendedexercisewindowof36months,extendedhealthcarebenefits,andoutplacementservices. ConsensyspointedoutthemacroeconomicfactorsaffectingWeb3,includingrisinginterestrates,tighteningliquidity,worrisomeinflationrates,andmore.Thecompanyfurtherhighlightedthecommission’scontributiontothecryptoindustry’slackofaclearregulatoryframework.AccordingtoConsensys,thelackofclaritymakesitunnecessarilyhardforinvestors,developers,businesses,andotherstoengagewiththemarkets. Additionally,thecompanyhighlightedthateverylegalbattlebycryptocompanieswiththeU.S.SECrepresentsproductiveinvestmentandemployees’jobslostduetothecommission’sabuseofpower.TheblockchainfirmalsosaidthatCongresshasdonenothingtostopthecommission’smisconduct.Consensysfurtherexpressedworrythatthegovernment’sattackontheindustrymightcostmorecompaniesthatundergoinvestigationorendupsued. Consensysstillhopestomaintainfinancialstability 2/5 Eveninthefaceofthesechallenges,ourecosystemisontheprecipiceofbecomingagloballysystemicallydefiningforce,withweb3-nativecompaniesmakinggreatstridesandmoretraditionalcompaniesleaningintoweb3. —JosephLubin(@ethereumJoseph)October29,2024 Consensysassuredusersthatitsbusinesswasstillstrongandresilientdespitethegrowingmacroeconomicissues.Thecompanyrevealedinitsblogthatitwasdedicatingmoretimetorefiningandrefocusingitsbusinessstrategyandobjectives. TheWeb3firmconfirmedthatsuchreasonsledtothecompany’sdecisiontoright-size.AccordingtoConsensys,thereformswillallowthecompanytonavigatethemarketsmoreeasily.Thecompanyalsohopesthatthechangeinstrategywillhelpitachievelong-termsustainability. JoeLubinappreciatedthechangesrecordedintheweb3industry.AccordingtoLubin,theweb3industryisabouttogomainstream,withtraditionalcompaniesalsolookingtojointhespace. TheConsensysCEOexpectsthatmonolithiccompanieswilllosetheirtouchwhileopeningdoorsforsmallercompanies.Lubinalsopredictedthatsmallercompanieswilltakeadvantageofemergingtechnologies,includingAI. Metamaskdrivesweb3development LubinreiteratedConsensys’smissiontodriveinnovationinWeb3,mentioningthatLineaandMetamaskwereattheforefrontofWeb3development.Accordingtothefirm’sCEO,Metamaskhasbeendrivingsecureassetstoragewhileempoweringindividualsglobally.TheCEOalsoconfirmedthewallet’scontributiontoWeb3innovationsasdevelopersexperimentedonMetaMask. TheConsensysfounderalsohighlightedsomechangesuserscanexpectontheplatformtoencourageweb3adoption.Userscanexpectimprovementsintheplatform’sUXandUIandMetaMask’smulti-chaincapabilities.MetaMaskwillalsoreceiveadditions,suchastherecentMetaMaskcard,toimprovetheplatform’sutility. Consensysfurtherinsistedonitsfocusondecentralization,acoremissionoftheEthereumproject.Assuch,thecompanyhopestoprogressivelydecentralizeitsproductswhilefocusingondecentralizingitsplatform.Lubinsaidthatthecompany’smissionwastoevolveintoaNetworkState. cryptopolitan.com

TheEthereumnetworkmaintainedastakingrewardsratenear3%inthethirdquarterof2024,showingaslightdeclinefromover3.5%earlierthisyear. Thisyieldremainswellbelowthatofotherpopularproof-of-stakenetworks,suchasCosmos,Polkadot,Celestia,andSolana.Stakingrewardsforthesecompetingnetworksrangebetween7%and21%. EthereumContinuestoUnderperformintheBullMarket LowerstakingrewardsimpactEthereum’secosystemintwoways.Whilereducedyieldshelpcurbinflationonthenetwork,whichcanappealtolong-termholders,theyalsodiscouragesomeneworcurrentvalidatorsseekingmorecompetitivereturns. AccordingtoKaikoResearch,thenetwork’svalidatorqueueaveragedlessthanadayrecently,anotableshiftfromitspeakwaittimeof45daysinJune2023.Althoughthisshortwaittimemakesstakingmoreaccessible,italsosignalsweakerdemandforstakingactivity. Ethereumstakingrewardrateacrosstopproviders.Source:StakingRewards ThedailycountofEthereumvalidatorsawaitingentryhasdeclinedsharply,markingasubstantialdropfromover95,000inApril2023toonly473currently. Thistrendsuggestsacoolinginterestamongpotentialvalidators,whichcouldchallengethenetwork’sabilitytosustainastrongvalidatorcommunityifthetrendpersists. Amidthebroaderbullmarket,Ethereum’srecentperformancelags.BothBitcoinandSolanasawover6%gainsinthepastweek,whileETH’sgrowthremainedflat. BTCvsETH60-daycorrelation.Source:KaikoResearch Additionally,accordingtoDeFiLlamadata,Solanagenerated$25.48millioninnetworkfeeslastweek,surpassingEthereum’s$22.13million. Ethereumreservesonexchangeshavealsodecreased,withadropfromover$42billiontoroughly$38.9billion.Thisreducedsupplyonexchangescouldsupportpricestabilityorgrowthifdemandstrengthens. “Solana’sfeemodelhasmadeitsuchthatonlypeoplewhowanttoaccessverycompetitiveappspayfeesforthoseapps,whileotherusersarelargelyunaffected,”cryptoenterpreneurMertMumtazwroteinarecentX(formerlyTwitter)post. Despitetheseshifts,long-termETHholderscontinuetoexpressconfidenceintheasset’sfuturevalue,contrastingwithamorecautiousapproachfromshort-terminvestors. beincrypto.com

UnitedStatesPresidentJoeBidenthankedhisNigeriancounterpartBolaTinubuforplayingacrucialroleinsecuringthereleaseofaBinanceemployeejaileduntildaysagointheAfricannation,duringaphonecallonTuesdaybetweentheworldleaders. BidencreditedTinubu’sleadershipasessentialtosecuringthereleaseofTigranGambaryanfromNigeriancustodyonhumanitariangrounds,accordingtoastatementfromtheWhiteHousethatrecountedthemainthemesofthecall. Lastweek,GambaryanwasreleasedfromaprisoninNigeria’scapital,Abuja,afterovereightmonthsofincarceration.TheBinanceexecutive,anAmericancitizenwholivesoutsideofAtlanta,wasinitiallydetainedinFebruaryafterflyingtoNigeriatonegotiatewithlocalauthoritiesregardinganimpendingcryptocrackdown. Gambaryanwassoonchargedwithmoneylaunderingandfacilitatingtheoperationofanunlicensedfinancialinstitution.Inthefollowingmonths,hishealthreportedlydeterioratedconsiderably.Gambaryan’sfamilysaidthatwhileincarcerated,hesufferedaherniateddisk,malaria,andrecurrentthroatinfections.TheNigeriangovernmentrepeatedlyrefutedtheseclaims,andinsistedthattheAmericancryptoexecutivewasdoing“fine.” Finally,aftermonthsofslowlyescalatingdiplomaticappealsfromseveralmembersofCongress—twoofwhomflewtoNigeriatovisitGambaryaninprison—NigerianprosecutorsabruptlydroppedtheirchargesagainsttheBinanceemployeelastweek.Adaylater,heflewhome. TheverysamedaythatGambaryan’sreleasewassecured,theU.S.DepartmentofStateannounceditwould,inpartnershipwiththegovernmentofNigeria,launchaBilateralLiaisonGrouponIllicitFinanceandCryptocurrencies. OnTuesday,duringhiscallwithPresidentTinubu,BidenreportedlyexpressedappreciationforNigeria’swillingnesstocollaborateonlawenforcementinitiatives,includingthenewcryptotaskforce. EditedbyAndrewHayward decrypt.co

Bitcoinbullshavereasonstofeeloptimistic,especiallywiththe$76,000markinfocus.AccordingtochartanalystPeterBrandt,determiningatruebreakoutrequiresspecificconditions.Currently,diagonalpatternsposechallenges.Therecentpricemovements,whilethrillingforbulls,havemerelygrazedboundarylines. BITCOIN$BTCWhenisabreakoutreallyabreakout?Bitcoinbullsshouldbeexcited–buttherearerulestodeterminebreakoutsDiagonalpatternswithslantedboundarylinesaredifficulttotradebecausethenickingofaboundaryline—whileexcitingtobulls—doesNOT…pic.twitter.com/86cQtCzdav —PeterBrandt(@PeterLBrandt)October29,2024 AuthenticBitcoinBreakoutDependsonSundayConfirmation Inorderforabreakouttobeauthentic,Bitcoinmusthaveclosedabovethe$76,000levelonthedailychart.Thislevelistheaveragetruerange(ATR)closeabovetheMarchhigh.Additionally,confirmationhastobemadeonaSundayeveningatmidnightUTC. Lookingattheweeklychartitcanbeseenthatthelatestrallyhasonlybrushedpastsomeimportantchartpoints.ThismeansthatthereisstillmuchthatneedstobedonebeforethepriceofBitcoincansustainabullrun. TradersUrgedtoStayCalmAmidBitcoinHype Thisiswherethetemperofexcitementshouldnotleadtoexcessivefanaticism.Themarketoffersrisksandtradersshouldbecautious.Stickingtothesetechnicalaspectswillhelpgiveabetterpicturewhetherthisrallyisstrongenoughtocontinueorifitisjustnoise. Lastly,theoptimismregardingBitcoinisdeep-seated,yetrealmovesupneedtofollowtherulesoftheroad.The$76,000markwillserveasanimportantindicatortomonitorastothefurtherpricetrendofBitcoin.Asthemarketchanges,itrequiresalotofpatienceanddiscipline. blockchainreporter.net