#crypto

The AI bot "Truth Terminal," backed by a16z, has been the driving force behind the sharp surge of the relatively unknown meme token GOAT. In just a few days, GOAT skyrocketed by nearly 1000%, pushing its market cap to $150 million.

Justin Sun Secures a Place in Liberland’s Government Justin Sun, founder of the crypto platform Tron, has won the test elections to the Congress of Liberland, a self-proclaimed microstate located between Croatia and Serbia.

Crypto exchange Bitnomial has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), contesting its stance that XRP futures should be classified as "securities futures contracts."

47% of traditional hedge fund managers invested in crypto assets, according to the “6th Annual Global Crypto Hedge Fund Report 2024,” released by AIMA (The Alternative Investment Management Association) on October 10, 2024.

Brian Armstrong, co-founder of Coinbase, married his longtime partner Angela Meng this past weekend and shared the news on X.

The Financial Supervisory Commission (FSC) of Taiwan announced on October 8 that institutions can begin submitting applications to test bitcoin custody services. This information was provided by the Central News Agency.

Crypto investment firm Canary Capital has submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch a spot XRP ETF. This makes them the second issuer in just a week, following Bitwise, in their attempt to offer traditional investors exposure to Ripple (XRP).

The native USDC stablecoin is now live on the Sui Network. This means developers and users can make transactions with it without any bridging.

As of October 11, 2024, BlackRock, one of the largest U.S. investment firms, crossed a historic threshold with its assets under management surpassing $11.5 trillion for the first time. This was fueled by a surge in crypto-ETF inflows and a sharp rise in the company's stock.

Financial services company Stripe has reenabled crypto payments after halting them in 2018. The announcement came from Jeff Weinstein, Product Lead at Stripe, via his post on X (formerly Twitter).

Uniswap, the decentralized exchange, has revealed its proprietary L2 blockchain, Unichain, developed using the OP Stack from Optimism. According to the development team, this initiative is part of a strategy to enhance Ethereum’s scalability, leading to a major increase in payment efficiency.

On October 9, 2024, SEC Chairman Gary Gensler spoke at an event at the New York University School of Law in Manhattan. Once again, he took the opportunity to lay out the familiar crypto concerns that the SEC, under his leadership, has been raising for years.

The VanEck Ventures fund will invest $30 million in cryptocurrency, fintech, and artificial intelligence projects. The focus will be on pre-seed and seed-stage startups, particularly those developing innovative payment systems.

According to data from the analytical platform LayerHub, only 13.2% of users on the crypto betting platform Polymarket have made a profit from their bets. Out of 176,000 gamblers, only 23,000 earned a profit, with just 8.7% of them making more than $1,000.

Coinbase, one of the largest crypto exchanges, now allows users to send Bitcoin to Taproot-enabled wallets. In an announcement on X, Coinbase mentioned the addition allows users to access more on-chain operations.

Crypto exchange Crypto.com has launched legal action against the U.S. Securities and Exchange Commission (SEC), stating that it is joining the fight alongside other industry players to protect the future of the crypto industry in the United States.

BitMEX co-founder Arthur Hayes discussed issues connected with token launches in the current crypto market.