Using the latest positive market changes and good economic news, major players in the cryptocurrency industry, such as crypto whales, actively acquired some alternative cryptocurrencies, hoping for higher profits in October. At the same time, institutional investors, including hedge funds and other corporate entities, have not lost interest in blockchain and artificial intelligence-related projects. These major players possess substantial capital and can exert significant influence on prices and the market direction.

Coins

In September, Chainlink emerged as one of the market leaders, showcasing a 30% growth.

Key to this rally were the successful tests of tokenization using SWIFT technology and the increased interest in Real World Assets (RWA) sector. Cryptocurrencies also didn't stay behind: from September 17th to October 2nd, the number of transactions exceeding $100,000 increased from 30 to 218.

IntoTheBlock

Typically, an increase in whale activity is considered a factor that contributes to a bullish trend. It increases market liquidity, allowing traders to execute transactions effectively and sends a clear signal to retail investors.

Bitcoin Cash (BCH)

This week, the price of Bitcoin Cash (BCH) reached $250. On-chain data indicates that a group of crypto whales, who own between 100,000 to 1 million #bch coins, are driving this growth.

During the period from September 21st to October 3rd, they acquired 150,000 BCH worth around $36 million.

Interestingly, this group of crypto whales accurately predicted the start of the BCH rally in June 2023. From June 20th to July 6th, when the price of BCH increased by over 150%, they purchased 420,000 coins.

Santiment

However, it remains unclear whether these large investors will continue to buy Bitcoin Cash or switch to other altcoins with a smaller market capitalization.

Maker (MKR)

After the announcement by the US Federal Reserve about the pause in interest rate hikes, the number of large transactions with Maker started to increase.

From September 19th, when there were only 9 transactions, to October 2nd, this figure reached a six-month high of 102 deals. This indicates that institutional investors are increasingly turning to MKR due to the attractive rate in DAI, which is 8%.

IntoTheBlock

Interestingly, the next Federal Reserve meeting is scheduled for November 1st, so whales will have plenty of opportunities to push the price of #mkr even higher.

Projects

Anthropic

Amazon Corporation has announced strategic investments of up to $4 billion in the startup Anthropic, founded by former employees of OpenAI. AWS, the company's leading cloud provider, will provide Anthropic with access to its computational infrastructure for training and deploying models. Previously, the project attracted investments from Google, Spark Capital, Salesforce Ventures and Zoom Ventures.

Imbue

The AI-focused startup Imbue has raised $200 million from Astera Institute, founded by former Ripple CTO Jed McCaleb, and other investors. They plan to use these funds to accelerate the development of practical #ai agents that can safely interact with humans in the real world.

AlphaSense

AlphaSense, an AI-powered analytics platform that gathers public information, has raised $150 million from BOND, Alphabet CapitalG and Goldman Sachs. As a result of this funding round, the company's valuation has increased from $1.7 billion to $2.5 billion. They plan to use the funds to expand their corporate solutions and other products, to remain leaders in AI technology in the B2B segment.

Story Protocol

The open-source platform Story Protocol has closed a $54 million funding round led by a16z crypto, Hashed, Endeavor and Dapper Labs founder Roham Gharegozlou. They plan to use the funds to create a global repository for validating intellectual property rights. This will allow users to manage the entire life cycle of intellectual property, including tracking origin, licensing and income distribution.

Proof of Play

Proof of Play has raised $33 million in a seed round led by a16z and Greenoaks. They will use these funds to develop the online game Pirate Nation, which is currently in beta. Players can collect pirate crews, battle fantastical creatures and compete with each other while earning rewards. Proof of Play is developing blockchain games and aims to provide users with a simple and free gaming experience.

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