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Daily #Web3 Market

09 Oct 2024



Tether fuels market liquidity surge as stablecoins reach $169 billion

CryptoQuant data reveals that crypto market liquidity has reached unprecedented levels, with the total market capitalization of major USD-backed stablecoins hitting $169 billion in late September—a 31% increase year-to-date. This surge is primarily driven by Tether’s USDT, which has seen significant growth in balances on centralized exchanges. Read more


VanEck portfolio manager says crypto projects should emulate key memecoin traits

VanEck portfolio manager Pranav Kanade highlighted that memecoins have four key aspects that all teams building in crypto should mimic. Kanade made the comments on social media in response to the Token2049 panel by Murad Mahmudov on his pivot to memecoins from being a Bitcoin maxi. The panel’s thesis revolved around proposing a “memecoin supercycle.” Read more


BitcoinOS and B2 Network to secure $110M in Bitcoin DeFi assets in 2024

BitcoinOS is set to integrate its Grail bridge with B² Network’s mainnet, enabling trustless bridging of BTC and Bitcoin assets using zero-knowledge proofs. This collaboration aims to secure over $110 million worth of assets on B² Network. Read more


Former Bitcoin Dev Peter Todd Denies He's Satoshi Hours Before HBO Documentary Airs

Peter Todd denies being Satoshi, dismissing claims anticipated in HBO’s documentary. Read more


Crypto Investors Mostly DCA Into Their Coins, Finds Kraken

Dollar-cost averaging can help remove emotion from decisions and focus on a long-term outlook, a Kraken executive told CoinDesk. Read more


Layer-2 Scroll Shares Plans for SCR Token Airdrop

The team said that the SCR token would be the first step in its roadmap to decentralization. Read more


RWA Issuer Midas Expands Tokenized Products to Retail Users with Regulatory Nod in Europe

Midas acquired regulatory approval to issue its basis trade and U.S. Treasuries tokens in Lichtenstein, and passported across Germany and Europe, Midas co-founder Dennis Dinkelmeyer said. Read more


IDA integrates HKDA stablecoin with Chainlink for secure cross-chain use

IDA Finance’s use of Chainlink Proof of Reserves and CCIP products aims to boost cross-chain operability and asset security. Read more


Ripple (XRP) ETF Underway? Canary Capital Files an Application with the US SEC

The second filing for an exchange-traded fund based on the Ripple token has been made in the United States. Read more

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