Category: Cryptocurrency

Cryptocurrency is digital money that works online. It lets people send and receive payments directly without banks. It runs on secure networks called blockchains, making it fast and global.

Arkham Intelligence Launches Perpetual Futures Exchange with On-Chain Auditing and Rewards Program

Summary

Arkham has just dropped a new perpetual futures exchange going live next week. Users will now be able to trade spot and futures with full on-chain proof of reserves. Sign ups are available now and users can earn Arkham Points for trading now, which can later be redeemed for Arkham tokens. However, U.S. users are blocked from these services.

Blockchain analytics firm Arkham Intelligence has finally broken silence by announcing the launch of their new perpetual future exchange. This exchange is set to go live by next Wednesday. This perpetual exchange will offer users a platform to trade spot and perpetual futures. As said in an announcement, they will provide an on-chain auditing and traceable proof of reserves which helps keep things organized and secure.

Plus, they are also launching rewards system where users can earn Arkham Points based on their trading volume, and this feature is even better for VIPs as they get extra 10% boost. One can swap these points for ARKM tokens after 30 days of trading. Arkham’s really stepping up their game lately, from dropping their own token (ARKM) to being ranked among top 150 cryptos.

As of November 7 2024, the ARKM token is priced at $2.10 with a 24 hour trading volume of $206,169,606. This indicates an increase by 0.36% since yesterday and a whopping 32.00% increase since past 7 days. With a circulating supply of about  300 Million ARKM tokens and a market cap of almost $623,895,694 Arkham is placed comfortably on top 150 list of world’s top cryptos. Also being backed by billionaires like  Peter Thiel and OpenAI CEO Sam Altman this platform is not slowing down anytime soon.

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Aptos Surges 21%: Is Continued Growth Ahead for APT?

Summary

APT just flipped bullish after hitting a major Fibonacci zone and things look more spicy as we head towards more upside! This on chain data is absolutely on fire, with the network also staying super active. This proves hype around Aptos is real and all the buzz and price pumping are not all big talks. Its clear APT is not stopping anytime soon if these activity keeps up. If you’re looking for a token with serious potential, Aptos is lowkey becoming the one to watch right now.

Aptos (APT) is a blockchain platform that is designed to be fast, scalable and secure. Its well known for its low latency and high throughput which overall aims to improve decentralized applications (dApps) and overall blockchain performance. APT, the ticker symbol for Aptos has recently been eyeing on a bullish trajectory since mid-September.

After its bearish retracement on October, APT has managed to pull back 30% of whatever it had lost. However, the pullback concluded at a noteworthy price range. Many suspected it has hit a Fibonacci retracement which means that after hitting a certain low it was sure to go on a bullish pivot. Same thing happened with Aptos, as it dropped as low as $7.74 earlier this week but right after that it reached a bullish pivot. The cryptocurrency has since rallied by roughly 21% to its $9.38 press time price. Despite the recovery, APT still had a 19% upside to go before reaching its October lows.

As of November 7 2024, the price of Aptos’s APT is $9.74 with a 24 hour trading volume of $452,804,490. It has experienced nearly 5% growth since the last 24 hour and a total 4.23% increase since last 7 days. With its circulating supply of 520 Million APT and a market cap of  $5,058,986,184, APT sees bright future ahead.

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Bitcoin ETFs See $621.9M Inflows as BTC Hits New All-Time High of $76K

Summary

Spot Bitcoin ETFs in the U.S. saw substantial inflows on Nov. 6, with net gains of $621.9 million as Bitcoin hit a new all-time high above $76,000. Fidelity, ARK 21Shares, Grayscale, and Bitwise were among the top funds driving inflows.

Record-Breaking Inflows for Bitcoin ETFs

On Nov. 6, spot Bitcoin ETFs in the U.S. experienced a significant inflow of $621.9 million, rebounding from a three-day period of outflows totaling $712.9 million. Fidelity’s FBTC led with $308.77 million in inflows, followed by ARK 21Shares, Grayscale, and Bitwise, with inflows ranging from $100 million to $127 million.

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High Trading Volumes and Positive Market Response

Several Bitcoin ETFs saw their trading volumes more than double, with BlackRock’s iShares Bitcoin Trust (IBIT) hitting $4.1 billion in trades, its highest volume ever. Despite inflows across most ETFs, BlackRock encountered $69.11 million in outflows, diverging from the overall trend.

Market Hope for Trump’s Pro-Crypto Victory

Analysts are hopeful about future growth in digital assets due to the surge in Bitcoin’s price, which coincided with Donald Trump’s election as president, which was pro-crypto. Asset managers are submitting applications to introduce exchange-traded funds (ETFs) for cryptocurrencies including Solana, XRP, and Litecoin in anticipation of regulatory certainty.

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Layer 2 Network Taiko Achieves Remarkable 1,000% Growth in TVL on Ethereum

Summary

Taiko’s Ethereum Layer 2 network is going absolutely bonkers right now! Its total value locked (TVL) shot up by over 1000%, reaching a crazy height of $81 million. That’s not it, as their daily transactions have also skyrocketed to 5 million which indicates more people joining in on Ethereum Layer 2 to make their lives easier through faster and cheaper transactions. Taiko’s big numbers are huge flex in the L2 game and signals huge adoption in the Ethereum ecosystem.

Taiko is an L2 scaling solution for the Ethereum Blockchain. In simple words, its designed to make transactions faster and more affordable while keeping Ethereum’s security and decentralization. Reports say it has seen major growth over the last month, according to DefiLlama, the total value locked on Taiko has increased more than 1,000% which led it to reach cross its all time high and stay at $81 million.

Main reason behind this is its big moves on Ethereum’s Layer 2. Its native decentralized exchange (DEX), Panko Finance, and lending platform Avalon Finance are leading the charge and reports say each of these platforms holds over $30 million in total value locked (TVL). According to a report Taiko network has crossed a record breaking 5 million transactions on November 4 2024. Well, this just shows how popular its becoming with both users and investors. Its clear Taiko is becoming an obvious go-to for anyone looking to seriously scale on Ethereum Layer 2.

Read how: Trump Victory Creates Over 11K New Bitcoin Millionaires

Trump Victory Creates Over 11K New Bitcoin Millionaires

Synopsis

Because of Donald Trump’s triumph in the 2024 election, Bitcoin values have risen to an all-time high, creating over 11,000 new millionaires.

Bitcoin Wallet Surge

Following Trump’s win, the number of Bitcoin wallets worth $1 million or more surged by 11,487, bringing the total to 132,842. This increase came as Bitcoin prices rose by 7.8% within 24 hours, reaching an all-time high of $75,428. In the past 30 days, Bitcoin saw a 20% increase, with Finbold reporting a significant wealth gain among Bitcoin holders.

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The Impact of Trump on Bitcoin

Trump’s pro-crypto position, which may result in a favorable regulatory environment for digital assets, is credited by analysts with this surge. Investors are looking forward to any policy changes that might further improve Bitcoin’s performance, as Trump’s backing for the cryptocurrency has sparked a newfound interest in the commodity.

Will Bitcoin Increase?

Gert van Lagen and other technical analysts are hopeful. If market conditions continue to be favorable, predictions indicate that Bitcoin might hit $250,000 by the beginning of next year. Bitcoin fans are optimistic that favorable legislation following Trump’s victory could spur additional growth in digital assets.

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AI Agents Take on Minecraft: SingularityNET’s Proto-AGI Learns in Virtual World

Summary

SingularityNET and ASI alliance has dropped a next-generational experiment, a self-learning robot, or proto AGI that learns and levels up in minecraft by itself. They are currently testing on how this AI could think and learn like us humans. Its just like giving an AI its own playground and us monitoring over it to see how it adapts to its environment. The experiment’s pretty wild and could be a huge step towards building smarter and more ethical AI in real life.

A decentralized artificial intelligence network called SingularityNET and the ASI Alliance, also a team focused on advancing artificial superintelligence have together lunched their first self-learning proto-AGI within Minecraft. This AI could be very powerful if it works as expected in minecraft.

So basically, this AI is let to play minecraft and explore its features on its own. Minecraft is a survival game, in which users are spawned in a random terrain with absolutely nothing. Users then have to navigate through the world find essentials for survival by themselves. This proto-AGI launched by SingularityNET and ASI alliance is supposed to navigate their way to survival by itself.

This sort of AI is called Autonomous Intelligent Reinforcement Inferred Symbolism (AIRIS), it functions outside of its pre-set rules and hence evolves as it encounters new challenges. An ASI Alliance spokesperson quoted minecraft is perfect fit for this purpose. This working style of AIRIS aligns well with Minecraft’s open-ended, unpredictable sandbox world, providing an expansive environment for which the proto-AGI can test the limits of autonomous AI learning.

If this functions as expected, it will be a huge leap for artificial general intelligence development as this same AI could be placed in real life scenarios and it could find a solution that we couldn’t.

Read how SingularityNET Revolutionizing AI with Adaptive Learning

Arkham Launches Perpetuals Exchange with On-Chain Auditing and Rewards

In brief

According to a release from Arkham Intelligence, the Arkham Perpetuals Exchange, a platform for trading spot and perpetual futures, will launch on Wednesday. The proof of reserves and on-chain auditing elements of the exchange will provide transparency for users. Arkham will also have a point-based rewards system that lets users trade points for the ARKM token, but access may vary by region.

Arkham Perpetuals Exchange: Transparent, On-Chain Auditing

The new Arkham Perpetuals Exchange is built for spot and perpetual futures trading, focusing on transparency with on-chain auditing and verifiable proof of reserves. This setup aims to meet demand for secure, accountable trading environments, providing users with insights directly from Arkham’s blockchain-based verification tools.

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Integrated Analytics for Enhanced Trading

Arkham’s platform integrates seamlessly with its existing analytics suite, offering users research and investigative tools to support trading decisions. This combination allows traders to access data-driven insights and track trends without leaving the platform, creating a more robust trading experience.

Point-Based Incentives and Restriction by Jurisdiction

Arkham Points, which are obtained through trading volume and exchanged for ARKM tokens after 30 days, are being introduced by Arkham in an effort to increase involvement. VIP accounts are rewarded much more. However, regulatory limitations limit distribution in some areas, like as the U.S., highlighting Arkham’s dedication to operating in a compliant manner in the crypto arena.

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MANTRA and Libre Capital Partner to Launch Tokenized Money Market Funds

Summary

Using MANTRA’s blockchain and Libre’s tokenization capabilities, MANTRA and Libre Capital have partnered to provide institutional and accredited customers with on-chain access to tokenized real-world asset (RWA) investments, such as money market and hedge funds.

Institutions’ Tokenized Investment Access

The partnership between UAE-based Libre Capital and Layer-1 blockchain MANTRA aims to offer tokenized investment options in hedge funds, money market funds, and private credit to MANTRA’s accredited and institutional customers. In order to increase on-chain investment access, our collaboration integrates Libre’s issuance capabilities with MANTRA’s RWA-focused blockchain.

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The Libre Gateway DeFi Solution

The Libre Gateway DeFi dApps, developed by Libre, will serve as the integration tool to allow eligible institutional investors on MANTRA access to top-tier, tokenized money market funds. This compliant access will bring institutional-grade finance to the blockchain ecosystem.

Statements from Executives at MANTRA and Libre

John Patrick Mullin, co-founder and CEO of MANTRA, highlighted the collaboration, saying it will provide users with the tools they need to grow the RWA economy. Dr. Avtar Sehra, the CEO of Libre, expressed optimism about expanding Libre’s tokenized asset offering by utilizing MANTRA’s RWA infrastructure.

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RWA Expansion with MANTRA’s Accelerator Initiative

Since MANTRA Chain’s mainnet became live in October, the network has partnered with Google Cloud as an infrastructure partner and validator. The accelerator program, which is scheduled to begin in early 2024, is intended to support MANTRA’s RWA market.

Kraken, Galaxy Digital, and Robinhood Back New USDG Stablecoin via Global Dollar Network

Summary

Paxos created USDG, a regulated stablecoin that is supported by well-known cryptocurrency companies Kraken, Galaxy Digital, and Robinhood. As a member of the Global Dollar Network, the stablecoin is expected to face competition from big heavyweights like Circle and Tether.

USDG Launch with Industry Support

Prominent crypto companies including Kraken, Galaxy Digital, and Robinhood are supporting USDG, a newly launched dollar-backed stablecoin from Paxos. According to a Nov. 5 announcement, the Global Dollar Network—a consortium of firms backing USDG—has been formed, with partners like Anchorage Digital, Bullish, Nuvei, and DBS Bank. USDG is regulated by the Monetary Authority of Singapore and backed by liquid U.S. dollar reserves.

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Compliant and Globally Expandable

USDG began operations on the Ethereum blockchain on October 31 and intends to spread to other networks as stablecoin laws change. Managed by DBS Bank in Singapore, the stablecoin is redeemable for fiat currency and is compliant with Singapore’s regulatory framework.

Addressing Market Gaps

In order to assist the stablecoin market reach its full potential, the consortium intends to solve “the lack of competition,” according to Kraken co-CEO Arjun Sethi. Sethi believes USDG will foster mainstream adoption and “accelerate new use cases” for digital assets.

Growth Driven by Consortiums

The USDG reserve yields will be used to reward consortium members, promoting worldwide adoption. Exchanges, banks, fintech companies, and payment providers are among the areas the network plans to onboard partners from, even though it is presently in an invite-only phase.

Going up against Circle and Tether

Since USDG is Paxos’s second stablecoin, it can rival well-known stablecoins like Tether and Circle’s USDC. With the planned entry of new players like Ripple with RLUSD and Stripe through its acquisition of stablecoin provider Bridge, the competition is anticipated to get more fierce.

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Polkadot Teams Up with SP Negócios to Boost Crypto Economy Growth

SP Negócios, São Paulo’s agency for boosting investment and exports has teamed up with Polkadot to spark innovation in São Paulo’s crypto scene. Polkadot is really stepping up as a key player with its secure and transparent platform. Experts have even predicted a potential 300% surge of this token in near future.

After this team up, people and companies on São Paulo will have full access, starting this December, to free blockchain programming training from Código Brazuca. Its reportedly open to absolutely everyone, even people with zero prior experiences.

A decentralized business developer at Polkadot, Gustavo J. Massena believes this partnership will train blockchain programmers and bring techs closer to all kinds of businesses in São Paulo, and this will be for everyone from startups to well established businesses. SP Negócios also believes this will make the city a go to hub for blockchain and crypto innovation.

This collab is benefitting both sides, for Polkadot, it increases adoption of its technology and is also very beneficial for its brand reputation and trust. As for São Paulo, this collab is a major boost for its tech scene. The city will now attract new investments, help in upbringing of startups and most importantly solidify São Paulo’s status in the blockchain world.

Blockchain is already shaking things up in areas like DeFi, NFTs, and asset tokenization, and this partnership aims to fuel even more growth.

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