The founder of Cardano, Charles Hoskinson, stated that the Ethereum network is more like a "dictatorship," where Vitalik Buterin has too much influence over the development of the decentralized network (source: Cointelegraph).
Cointelegraph
Ethereum is a ‘dictatorship,’ claims Cardano founder Charles Hoskinson
Cardano founder Charles Hoskinson criticized Ethereum’s governance model, claiming Vitalik Buterin and a handful of core developers too heavily shape it.
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Weekly market overview by Glassnode:
🤑 BTC remains in an extended consolidation phase, which strongly resembles the period from late 2019 to early 2020. Capital inflows into BTC have slowed since the March all-time high (ATH).
▪️However, despite this temporary net capital outflow, the confidence of new investors in the market has remained surprisingly strong. In recent weeks, there has also been an increase in long positions in futures.
▪️Overall, this paints a picture of a market that has cooled off after the excesses of March but has not disrupted the bullish sentiment among many new investors.
▪️However, despite this temporary net capital outflow, the confidence of new investors in the market has remained surprisingly strong. In recent weeks, there has also been an increase in long positions in futures.
▪️Overall, this paints a picture of a market that has cooled off after the excesses of March but has not disrupted the bullish sentiment among many new investors.
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Glassnode Research – Digital Asset Market Intelligence
A Network Overview
The competitiveness of the Mining landscape and their conviction in the Bitcoin Network continues to rise, with the Hash Rate blasting towards new ATHs. However, investors remain unconvinced in the short term, with exchange-related onchain volumes beginning…
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Trust Wallet is set to introduce a Launchpool feature soon. More detailed information about this upcoming feature will be revealed in the near future.
X (formerly Twitter)
Trust Wallet (@TrustWallet) on X
Launchpool is coming to Trust Wallet.
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Top 20 Promising Cryptocurrencies for Q4 2024, according to Grayscale
Each quarter, the Grayscale Research team analyzes hundreds of digital assets to evaluate rebalancing the company's funds and compiles a list of the top 20 assets from various sectors of the crypto market.
This top 20 list represents a set of assets that the company estimates have high potential in the upcoming quarter. The analysts' approach considers a wide range of factors, including network growth and adoption, upcoming catalysts, resilience of fundamental indicators, token valuation, supply inflation, and potential risks.
Since 2013, Grayscale has launched private funds that allow accredited investors to trade cryptocurrencies in the form of shares of these funds. The largest of these are the Grayscale Bitcoin Trust (GBTC) and the Grayscale Ethereum Trust (ETHE). In 2024, both of these funds were converted into fully-fledged exchange-traded products (spot ETFs).
Each quarter, the Grayscale Research team analyzes hundreds of digital assets to evaluate rebalancing the company's funds and compiles a list of the top 20 assets from various sectors of the crypto market.
This top 20 list represents a set of assets that the company estimates have high potential in the upcoming quarter. The analysts' approach considers a wide range of factors, including network growth and adoption, upcoming catalysts, resilience of fundamental indicators, token valuation, supply inflation, and potential risks.
Since 2013, Grayscale has launched private funds that allow accredited investors to trade cryptocurrencies in the form of shares of these funds. The largest of these are the Grayscale Bitcoin Trust (GBTC) and the Grayscale Ethereum Trust (ETHE). In 2024, both of these funds were converted into fully-fledged exchange-traded products (spot ETFs).
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Bitget exchange will connect Telegram apps to a broader Web3 ecosystem. The Bitget Wallet team stated in a press release that this new integration opens Telegram to a larger Web3 space.
Cointelegraph
Bitget to connect Telegram Mini Apps to broader Web3 with new dev kit
Bitget Wallet said in a press release that it would soon reveal other initiatives to empower Telegram Mini Apps.
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Monday, September 30, Bitcoin is trading around $64.1 thousand, with its price rising approximately 4.4% over the week.
Last week, the cryptocurrency market was mostly positive, especially with the rise in altcoins, according to experts interviewed, who are forecasting changes in Bitcoin's price for the coming week.
The key factor was the outcome of the September meeting of the U.S. Federal Reserve, where it was decided to cut the key rate by 50 basis points. This contributed to a weaker U.S. dollar and increased risk appetite among investors.
The situation contrasts with the typical September trend of price declines. The market landscape has changed: Bitcoin is now correlating with assets in traditional markets and with U.S. Federal Reserve monetary policy.
The historically challenging third quarter for the cryptocurrency market is ending, and the historically favorable fourth quarter is beginning. In past years, the crypto market has shown active bullish trends during October-November.
In the upcoming week, investor attention will focus on the speech of Federal Reserve Chair Jerome Powell on Monday, as well as on the release of several important economic indicators, including U.S. labor market data and the ISM business activity index. Analysts expect positive momentum in the crypto market, but they note that if the market fails to grow actively by the end of the week, correction risks will increase following the data releases.
Last week, the cryptocurrency market was mostly positive, especially with the rise in altcoins, according to experts interviewed, who are forecasting changes in Bitcoin's price for the coming week.
The key factor was the outcome of the September meeting of the U.S. Federal Reserve, where it was decided to cut the key rate by 50 basis points. This contributed to a weaker U.S. dollar and increased risk appetite among investors.
The situation contrasts with the typical September trend of price declines. The market landscape has changed: Bitcoin is now correlating with assets in traditional markets and with U.S. Federal Reserve monetary policy.
The historically challenging third quarter for the cryptocurrency market is ending, and the historically favorable fourth quarter is beginning. In past years, the crypto market has shown active bullish trends during October-November.
In the upcoming week, investor attention will focus on the speech of Federal Reserve Chair Jerome Powell on Monday, as well as on the release of several important economic indicators, including U.S. labor market data and the ISM business activity index. Analysts expect positive momentum in the crypto market, but they note that if the market fails to grow actively by the end of the week, correction risks will increase following the data releases.
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A user who bought 21,636 ETH at a price of $6.9 in 2016 has sold the last of their coins today at an average price of $2,668, making a profit of $58,000,000.
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FTX's reorganization plan was supported by 94% of voting creditors.
The Block
FTX's reorganization plan gains support from over 94% of Dotcom voting creditors
About 94.48% of creditors in the "dotcom customer entitlement claims" class who returned ballots voted in favor of the reorganization plan.
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Circle, the issuer of the USDC stablecoin, has partnered with the Australian company MHC Digital Group to promote USDC among Australian institutional investors.
Australian Financial Review
Mark Carnegie pushes Circle’s USD Coin to Australia’s super funds
MHC Digital says USDC, which has a market cap of $50 billion, could be used by big institutional investors to bypass banks and save hundreds of millions of dollars.
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How the Lido Crypto Service Works and Why Staking Attracts Major Investors
▪️Lido is the largest DeFi application in the cryptocurrency market and also the largest in terms of total value locked (TVL) among projects in the liquid staking sector — over $24 billion.
▪️The principle of Lido's operation is that the platform allows users to earn passive income from staking, providing them with a liquid asset that can be used for any purpose — transferred, exchanged for other assets, or used as collateral for loans. For example, for Ethereum, this derivative token is stETH.
▪️Despite not having a direct channel to traditional financial markets, 25% of the capital on the Lido platform comes from institutional investors, as reported by the service's representatives.
▪️To scale the platform for the institutional market, Lido is considering adding additional features, including creating separate pools with required checks like KYC/AML.
An example of new use cases for stETH is Lido's recent partnership with Fireblocks, a provider of enterprise blockchain solutions. Lido considers focusing on serving institutional rather than individual investors as one of its key priorities for the near future.
▪️Lido is the largest DeFi application in the cryptocurrency market and also the largest in terms of total value locked (TVL) among projects in the liquid staking sector — over $24 billion.
▪️The principle of Lido's operation is that the platform allows users to earn passive income from staking, providing them with a liquid asset that can be used for any purpose — transferred, exchanged for other assets, or used as collateral for loans. For example, for Ethereum, this derivative token is stETH.
▪️Despite not having a direct channel to traditional financial markets, 25% of the capital on the Lido platform comes from institutional investors, as reported by the service's representatives.
▪️To scale the platform for the institutional market, Lido is considering adding additional features, including creating separate pools with required checks like KYC/AML.
An example of new use cases for stETH is Lido's recent partnership with Fireblocks, a provider of enterprise blockchain solutions. Lido considers focusing on serving institutional rather than individual investors as one of its key priorities for the near future.
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