Tokens of AI-related projects have significantly increased in value.
The market capitalization of coins categorized as AI by aggregators has grown by 6% in 24 hours, reaching $29 billion.
Some of the largest assets in this category, such as TAO, FET, NEAR, and RENDER, have gained between 20% and 80% in value over the week.
Source: CoinGecko
The market capitalization of coins categorized as AI by aggregators has grown by 6% in 24 hours, reaching $29 billion.
Some of the largest assets in this category, such as TAO, FET, NEAR, and RENDER, have gained between 20% and 80% in value over the week.
Source: CoinGecko
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The BTCcom mining pool has undergone rebranding, with the project consolidating all products under a new brand, Clover Pool.
BTC.com's share of the global hashrate currently stands at just over 1%. The platform ranks 11th in the world by the volume of computational power operated by miners through it.
The service is owned by Hong Kong-based BIT Mining, whose shares are traded on the NYSE under the ticker BTCM. BIT Mining’s business also includes cryptocurrency mining, data center management, and equipment manufacturing. The mining pool, blockchain explorer, crypto wallet, and future Clover Pool products will now be unified under this brand.
The four largest pools collectively support over 80% of all miners. The leading pool is Foundry USA, followed by Antpool, ViaBTC, and F2Pool. The remaining 19% is divided among smaller pools, including Binance Pool, MARA Pool, and BTC.com (Clover Pool).
Source: Hashrateindex.
BTC.com's share of the global hashrate currently stands at just over 1%. The platform ranks 11th in the world by the volume of computational power operated by miners through it.
The service is owned by Hong Kong-based BIT Mining, whose shares are traded on the NYSE under the ticker BTCM. BIT Mining’s business also includes cryptocurrency mining, data center management, and equipment manufacturing. The mining pool, blockchain explorer, crypto wallet, and future Clover Pool products will now be unified under this brand.
The four largest pools collectively support over 80% of all miners. The leading pool is Foundry USA, followed by Antpool, ViaBTC, and F2Pool. The remaining 19% is divided among smaller pools, including Binance Pool, MARA Pool, and BTC.com (Clover Pool).
Source: Hashrateindex.
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Polymarket is considering launching its own token.
According to sources from The Information, the Polymarket platform is looking to raise $50 million for expansion. Additionally, the team is exploring the possibility of launching a native token. This information has not yet been confirmed. If the coin is launched, it will be distributed among investors through options for purchasing it in exchange for funding the platform.
Polymarket is the largest platform among so-called prediction markets, where participants can bet on the outcomes of future events using cryptocurrency.
By placing a bet with a clear "yes" or "no" answer—by purchasing the corresponding token—Polymarket participants determine the market's assessment of the likelihood of an event occurring. These betting tokens can be traded on the platform like on an exchange.
In May, Polymarket raised $45 million in a funding round led by billionaire Peter Thiel's Founders Fund. Vitalik Buterin also participated in the funding, calling the platform and similar prediction markets one of the primary use cases for cryptocurrency.
The platform gained popularity due to betting on the outcome of the U.S. presidential elections, with the total pool for the corresponding prediction nearly reaching $1 billion.
According to sources from The Information, the Polymarket platform is looking to raise $50 million for expansion. Additionally, the team is exploring the possibility of launching a native token. This information has not yet been confirmed. If the coin is launched, it will be distributed among investors through options for purchasing it in exchange for funding the platform.
Polymarket is the largest platform among so-called prediction markets, where participants can bet on the outcomes of future events using cryptocurrency.
By placing a bet with a clear "yes" or "no" answer—by purchasing the corresponding token—Polymarket participants determine the market's assessment of the likelihood of an event occurring. These betting tokens can be traded on the platform like on an exchange.
In May, Polymarket raised $45 million in a funding round led by billionaire Peter Thiel's Founders Fund. Vitalik Buterin also participated in the funding, calling the platform and similar prediction markets one of the primary use cases for cryptocurrency.
The platform gained popularity due to betting on the outcome of the U.S. presidential elections, with the total pool for the corresponding prediction nearly reaching $1 billion.
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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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