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Daily #Web3 Market

03 Oct 2024



Swift to begin trials for digital asset transactions across global network in 2025

SWIFT, the global bank messaging network, announced that banks across North America, Europe, and Asia will begin live trials of digital assets and currency transactions over its network starting next year. Read more


Latest data reveals global economic downturn, building stronger case for Bitcoin

Global economic data released today shows slowing growth across major economies, potentially impacting crypto markets and building the longer-term case for Bitcoin. Read more


Metaplanet sells put options to grow Bitcoin stash by nearly 24 BTC

Bitcoin investment firm Metaplanet said it sold 233 BTC put options and earned a premium of 23.97 BTC. Read more


Bitcoin ETFs see $52.9 million outflow as Ethereum ETFs attract $19.8 million inflow

On Oct. 2, Bitcoin ETFs experienced a net outflow of $52.9 million, continuing the recent trend of mixed sentiment within the market. Read more


Tokenized funds get preliminary approval to be used as collateral in the US

A subcommittee of the Commodity Futures Trading Commission’s (CFTC) Global Markets Advisory Committee voted to approve guidelines for using tokenized shares of money-market funds as collateral for traditional financial operations. Read more


DeFi TVL up 10% in September to $133 billion

The DeFi ecosystem recorded a roughly 10% increase in total value locked across all major networks during September. Read more


Grayscale Rolls Out Aave Fund

Aave is a decentralized lending platform based on the Ethereum blockchain that offers automated loans of cryptocurrency using other tokens you own as collateral. Read more


First Mover Americas: Bitcoin Trades Flat While Other Major Cryptos Nurse Losses

The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 3, 2024. Read more


The Protocol: Inside North Korea's Campaign to Put Crypto Developers on Payroll

In this week's issue of CoinDesk's weekly blockchain tech newsletter, we've got names, details and anecdotes on crypto companies' unwitting hires of North Korean developers. PLUS month-end rankings for bitcoin, ether and other digital assets in the CoinDesk 20 index during a strangely bullish September. Read more


EigenLayer's Token Launch Draws Scrutiny Over Supply Concerns

In some ways, the release of EigenLayer's native EIGEN token this week was as expected; price rapidly rose moments after it was listed on exchanges, leading to a period of price discovery that culminated in a 22% slide from its momentary record high. But there appears to be a storm brewing behind the scenes, with several investors and community members calling foul on a lack of transparency over the token's supply. Read more


The Rise of Index Investing in Crypto

Despite undeniable growth, crypto remains volatile, posing challenges for even seasoned investors. An increasingly popular solution to navigating these risks is crypto index investing, says Julien Vallet, CEO, Finst. Read more


Bitwise Makes XRP ETF Plans Official With SEC Filing

Bitwise submitted an S-1 form to the U.S. Securities and Exchange Commission, a requirement for companies seeking to issue a new security and be listed on a public stock exchange. Read more


Christie's to Offer Blockchain-Based Ownership Certificates for Photography Collection

Wednesday's sale of "An Eye Towards the Real: Photographs from the Collection of Ambassador Trevor Traina," in New York will see digital certificates issued for each of the 130 lots, which will be minted by Kresus on Base. Read more


Visa launches platform for tokenized digital asset management

Visa announced its tokenized asset platform for issuing and managing digital assets, including stablecoins and CBDCs, to meet growing demand in the blockchain space. Read more


Banks to join SWIFT digital asset trials in 2025

SWIFT said it is uniquely positioned to interlink the fragmented digital asset landscape with its forthcoming digital currency trials in 2025. Read more


AI tokens lose $4.69B market cap in 3 days — When ‘UPtober?’

AI and big data tokens lose ground, with NEAR suffering the biggest hit amid a broader market decline. Read more


Bitcoin traders stress ‘bullish’ market while BTC price threatens $60K

BTC price support may be at risk of a breakdown, but Bitcoin market perspectives see "bullish market structure" prevailing. Read more


Aptos Labs enters Japan through HashPalette acquisition

Aptos Labs’ acquisition of HashPalette positions the company to integrate Japanese businesses into its blockchain ecosystem and expand Web3 innovation. Read more


Tron Network posts record $577M revenue in Q3

The Tron network posted record quarterly revenue driven by increasing stablecoin activity and an effort to capture a slice of the expanding memecoin market. Read more


North Carolina Bitcoiners set up Hurricane search-and-rescue operation

The Bitcoiners will focus on “overlooked” communities in western North Carolina that have received little state or federal support and remain cut off from life-saving supplies. Read more


Bitcoin price decline continues — How are pro BTC traders positioned?

Bitcoin traders maintain a neutral sentiment despite the uptick in geopolitical tension and uncertainty within world markets. Read more


Crypto Markets Bleed $150 Billion in 2 Days as Bitcoin (BTC) Slumps Toward $60K (Market Watch)

Expectedly, XRP is today's biggest loser. Read more

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