MicroStrategy Surpasses Coinbase! 🚀

- According to Cointelegraph, MicroStrategy’s market cap has surpassed Coinbase.
- MSTR shares are currently worth $495.4 billion, while COIN shares are worth $448.7 billion.
- This development is noteworthy as the crypto market continues to be volatile! 📉

Stay tuned for more details! 📊

Italian Economy and Finance Minister Giancarlo Giorgetti defended the capital gains tax on cryptocurrencies such as Bitcoin to be increased to 42% at the World Savings Day event. 📉 Stating that digital assets carry "very high risk", Giorgetti emphasized the need for the additional tax. 💸 The Italian government expects an annual revenue of $18 million with this tax increase. 💰

VanEck continues to invest in Web3 games! 🎮💰

- VanEck invested in Gunzilla Games.
- Gunzilla is the developer of the dystopian cyberpunk game "Off The Grid".
- Players can earn GUN tokens to purchase in-game items.
- GUNZ runs on the Avalanche subnet.

Cryptocurrencies are used to enhance the gaming experience. However, market fluctuations are notable. 📉

Nexo rebrands as a digital wealth platform! 🎉 After 20 months of research with 5,000 customers across 23 countries, Nexo has a new logo, interface, and website. The platform offers crypto-backed credit limits and advanced analytics. There are also spending options with the Nexo card. 🚀 However, market conditions remain uncertain. 😬

Ellipsis Labs, the team behind Phoenix, the DEX for the Solana ecosystem, has closed a new $21 million funding round! 💰 Raised $20 million from Haun Ventures and $1 million from other investors.

🔍 Goal: Solve problems like price discovery and high transaction costs in DeFi. Atlas comes as a Layer2 solution that will connect to Ethereum and Solana liquidity pools.

Things are heating up in the DeFi world! 🚀

Florida CFO Jimmy Patronis revealed in an interview with CNBC that the state has about $8 billion in crypto-related investments in its investment portfolio. 💼 He also noted that this number could increase if former President Trump is re-elected. Patronis suggested using Bitcoin to diversify the state’s retirement fund. 📉🔍

Trump family crypto project World Liberty Financial (WLFI) is scaling back its goals! 🎢 After WLFI token sales fell far short of expectations, the company lowered its donation goal from $300 million to $30 million. 📉 Such fluctuations in the crypto market are making investors think. 🤔
#Crypto#MarketAnalysis #WLFI

Immutable Issues SEC Warning! 🚨

- Ethereum gaming company Immutable receives Wells notice from SEC.
- SEC sends letter to Immutable and CEO James Ferguson alleging securities law violations in IMX token sale.
- Immutable raised $12.5 million in 2021 IMX token sale on CoinList.
- SEC alleges misleading statements about IMX tokens. 😬
#Cryptocurrency#Ethereum #SEC

📉 Latest in the crypto world: Memecoins have taken over the scene! 🎭

- Cryptocurrency developers hoped that blockchain technology would change the world, but memecoins became popular.
- Dogecoin, Pepe and more stand out as speculative investments that do not create value.
- Even Vitalik Buterin admits that memecoins do not create value and recommends donating to charity.

🔍 Markets are volatile, be careful!

Solana’s liquidity staking protocol Jito launched its first phase of re-staking last night, reaching the 147,000 SOL (approximately $25 million) limit in just a few hours. 🌊

Fragmetric’s fragSOL token allows users to earn extra income by re-staking. However, the Phase 1 deposit limit has been reached and withdrawals cannot be made until Phase 2. 😬

Stay tuned for more! 🚀

BTC has fallen below the 70.000$ level! 📉

- According to OKX data, BTC is currently trading at $69,815.20.
- It has lost 1.15% of its value during the day.
- The crypto market continues to fluctuate, be careful! ⚠️

Stay tuned for more information! 🚀

According to data from the Blockchain Association, during Gary Gensler’s tenure as SEC chairman, the US crypto industry spent more than $400 million on enforcement by the agency. 💸

- ​​These costs are negatively impacting innovation and employment.
- Two-thirds of voters think the SEC should wait for clearer regulatory guidance from Congress, according to a HarrisX poll. 🗳️

Things are getting tougher in the crypto world! 😬

Major crash in the crypto market in the last 24 hours! 🚨

- According to Coinglass data, a total of $1.38 billion worth of contract liquidations were made.
- $1.11 billion of these liquidations came from long positions, and $278.5 million from short positions.
- $34.9 million in BTC and $26.5 million in ETH were liquidated.

Markets are volatile, be careful! 📉

Bitcoin's Volatile Days! 🌊

- According to Geoff Kendrick from Standard Chartered, investors are closing their positions ahead of the US elections.
- This reduces the possibility of Bitcoin breaking its historic high.
- BTC, which reached $73,563, failed to break its March record of $73,700$ .
- Delayed election results could increase volatility.
- If the GOP wins, BTC could reach $125,000 by the end of the year and altcoins like Solana could shine. 🚀

Injective Labs introduces AUSD, the first native stablecoin on the Injective blockchain! 💸 Backed by VanEck and custodied by State Street, AUSD is backed by high-quality US bonds and repo agreements. Agora CEO Nick van Eck said Injective’s low-cost and fast trading infrastructure is ideal for AUSD. It currently has a $65 million supply and $15 million daily trading volume! 🚀

Tap Protocol takes a new step in the Bitcoin DeFi world! 🎉 Taparooswap will start beta testing on October 31 as the first native DEX, AMM and Swap platform on Bitcoin L1.

- Users will experience DeFi in the secure environment of Bitcoin.
- Liquidity will be provided with AMM technology.
- It will offer easy use with its user-friendly interface.

A new era begins in the Bitcoin DeFi world! 🚀

A whale address has sold all of its LDO tokens that it held for three years at a loss. 🐋 Address 0x9244 converted 458,860 LDO (approximately $48.96K) into 181.6 ETH. These LDO tokens were purchased three years ago at an average price of $2.50, resulting in a loss of approximately $900K. 📉 The current LDO price is approximately 40% lower than the same period last year. 😬

Franklin Templeton has expanded its U.S. Treasury Money Market Fund (FOBXX) to Coinbase’s Layer 2 blockchain platform Base. 🚀 This makes it the first asset management firm to do business on Base. The fund trades on Stellar, Aptos, Avalanche, Arbitrum, and Polygon. Base’s TVL has surpassed $80 billion. 📉 FOBXX became the second-largest tokenized fund since its launch in 2021.

Citrea Brings Bitcoin Closer to Ethereum! 🚀

- Citrea received $14 million investment from Peter Thiel's Founders Fund.
- It aims to make Bitcoin a programmable asset with Zero Knowledge (ZK) technology.
- Ethereum applications can be easily ported to Citrea with the BitVM model.
- Is Bitcoin's place in DeFi in danger? Could Citrea be the solution? 🤔
#Bitcoin#DeFi #Citrea

Asia has become the global crypto developer hub! 🌏 According to analysis by Maria Shen from Electric Capital, the US developer share has fallen from 44% in 2015 to 24% in 2024, while Asia has increased from 13% to 32%. 🚀

The US still has the most developers (18.8%), followed by India (11.8%) and the UK (4.2%). However, developers from outside the US are the majority at 81%. 🇺🇸

The US’s unclear regulations are threatening innovation and security. Shen called for clear crypto policies.