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.

FTX's reorganization plan was supported by 94% of voting creditors.

Circle, the issuer of the USDC stablecoin, has partnered with the Australian company MHC Digital Group to promote USDC among Australian institutional investors.

Cryptorank: top 10 tokens by market cap launched in Q3 2024.

Santiment: Crypto projects from the tokenization sector with the highest current developer activity.

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.

Lamborghini announced a Web3 platform called "Fast ForWorld," which will allow its cars to be used in blockchain games

DropsTab: Top protocols by total value locked (TVL) with a potential airdrop

Standard Chartered: Bitcoin Falling Below $60,000 Will Be a Buying Opportunity

▪️Standard Chartered Bank expects that geopolitical risks could push Bitcoin below $60,000 by the end of this week, creating a buying opportunity with an eye on growth after the U.S. elections.

▪️"An interesting cycle is developing for Bitcoin. Geopolitical concerns may push prices down, but these same concerns seem to increase Trump's chances, potentially improving Bitcoin's prospects after the election," the bank's experts write.

▪️Analysts emphasized that Bitcoin is not a "safe haven" against geopolitical tension. According to them, gold is the geopolitical hedge, while Bitcoin is a hedge against traditional financial problems, such as bank failures, de-dollarization, and U.S. Treasury issues.

▪️In recent publications, experts from the British bank wrote that Bitcoin would reach a new high by the end of the current year, regardless of the U.S. election results. They estimate that if Donald Trump wins, its price could rise to $125,000, while in the case of Kamala Harris's victory, it could reach $75,000.

▪️In their view, U.S. ruling party policies toward cryptocurrencies do influence the rate, but to a lesser extent than assessed by market participants. There are other, more significant positive drivers for the cryptocurrency's price.

Sonic Labs (formerly Fantom) announced that they are developing a "deflationary" airdrop: an innovative approach to token distribution

El Salvador is building a new capital market based on BTC

On October 7, Bitcoin is trading around $63,500, with its price down about 1% over the week.

▪️Market sentiment shows that investors are currently inclined to see the positive in everything, according to surveyed experts, who predict Bitcoin's price movement next week.

▪️Strong employment data is perceived as a sign of no recession, while weak data is seen as a signal for the Fed to lower rates.

▪️Bitcoin is increasingly behaving like a traditional risk asset, following the stock market rather than gold, with which it is often compared.

▪️Key events for the market next week include the publication of the FOMC meeting minutes on October 9 and consumer inflation data on October 10. Analysts believe that the period of volatility for the crypto market will continue.

UAE abolishes VAT on crypto exchanges and transfers.

The exemption will be applied retrospectively from January 1, 2018, and companies dealing with virtual assets can apply for VAT refunds.

The UAE positions itself as one of the most crypto-friendly jurisdictions for transactions.

DropsTab: top coins by weekly bounce

Scroll Becomes the New Project on Binance Launchpool

Binance has announced that the 60th project in its Launchpool program is Scroll and its upcoming token SCR. Trading for the token will also begin on the new pre-market platform, which Binance launched at the end of August.

Scroll is another scaling solution for Ethereum based on zero-knowledge (ZK) proof technology, operating similarly to Starknet or zkSync. The development team has raised $83 million from venture investors, and an airdrop of its SCR tokens is expected from the project.

Starting October 9, SCR tokens can be "farmed" on Launchpool by staking BNB or FDUSD tokens. A total of 55 million SCR tokens — 5.5% of the total supply of 1 billion tokens — have been allocated for the Launchpool program.

After listing on Binance, 190 million SCR tokens (19% of the total supply) will be in circulation.

The U.S. government has received permission to sell 69,370 BTC ($4.4 billion) linked to the Silk Road marketplace.

Battle Born Investments, a company that previously initiated a lawsuit against Silk Road, also claimed the BTC, asserting its rights to the coins.

A court ruling dismissed the claims of Battle Born Investments, granting the government full rights to manage the assets.

HBO named developer Peter Todd as the alleged creator of Bitcoin.

Todd denies involvement in the creation of the cryptocurrency, stating that the filmmaker is "grasping at straws."

The creators of the documentary Money Electric: The Bitcoin Mystery noted that in 2010, Todd allegedly continued a post by Satoshi Nakamoto discussing Bitcoin's technical details on the BitcoinTalk forum from his personal account, after which both accounts showed the same period of inactivity.

It was Todd who later implemented the "replace by fee" feature, which was being discussed in that forum thread.

The filmmakers claim that both Todd and Satoshi used British-Canadian English writing styles.

They also recalled that Todd once discussed the possibility of "sacrificing bitcoins," which they interpreted as a reference to destroying the coins believed to be held in wallets belonging to Bitcoin's creator.

Mining hardware manufacturer Bitmain unveiled the new Antminer S21+ series at the Bitcoin Amsterdam Summit in the Netherlands.

The device will be available in two versions — air-cooled and liquid-cooled. The air-cooled model generates a hashrate of 216 TH/s with energy consumption of 16.5 J/TH, while the liquid-cooled model boasts a hashrate of 319 TH/s with energy consumption of 15 J/TH.

Announcements for the Antminer S21+ have started appearing on equipment supplier websites, with an estimated shipping date no earlier than February 2025.