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Daily #Web3 Market

Writer's picture: AbiAbi

17 Oct 2024



Gold Arrives on 'Digital Gold' as Bitcoin Gets Tokenized Version of the Metal

Bitcoin is often referred to as "digital gold," but now it is possible to mint and trade physical gold on the Bitcoin blockchain via the Ordinals protocol. Read more


Radiant Capital Loses $50M to Second Blockchain Exploit This Year

Attackers appear to have obtained three private keys controlling upgrade access over the protocol. Read more


The Protocol: Crypto Turns Up Nose at Trump Token Sale, 'Gold Paper'

Republican U.S. presidential candidate Donald Trump's pledge to support the crypto industry with favorable policies hasn't translated to a robust reception for his token sale this week, with just a tiny fraction placed out of the targeted $300 million. Read more


Crypto VC Market 'Tepid' as Q3 Investments Declined 20%, Says Galaxy Digital

Scared away by the various crypto collapses in 2022, institutional allocators have yet to make a comeback. Read more


Crypto Usage Setting Records Amid Regulatory Uncertainty, A16z Says in Report

The report highlights a dramatic increase in blockchain activity, with 220 million addresses interacting with the technology at least once in September, triple the number in late 2023. Read more


Ethereum price crashes often follow ETH open interest peaks — Will history repeat?

Ethereum’s futures open interest hit a new all-time high, but data shows this feat is usually followed by an ETH price crash. Read more


Price analysis 10/16: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

Bitcoin bulls are keen to hit $70,000, but a selloff at this level could trigger a sharp downside in BTC and altcoins. Read more


4th time's the charm? Bitcoin tags $68K in attempt to break 217-day downtrend

Multiple onchain metrics showed a surge in activity as Bitcoin price rallied to $68,000, possibly signaling that the price momentum is sustainable. Read more


STKD launches Bitcoin and gold ETF as ‘debasement trade’ gains traction

The fund touts leveraged exposure to Bitcoin and gold as investors brace for inflation and geopolitical strife. Read more


Bitcoin risks ‘exit pump’ on 3-month DXY highs as BTC price hits $68K

BTC’s price reached its highest level since late July, but US dollar strength is starting to undermine Bitcoin bulls’ confidence. Read more

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