The crypto market has seen a sharp decline, losing $4.69 billion in three days. From September 30 to October 3, the capitalization of AI and big data tokens fell from $38.82 billion to $34.13 billion.

- NEAR fell by 14.88%, TAO by 9.37%, ICP by 13.35%.
- October, usually a successful month for traders, has become "Octo-bear" this year.

Despite this, the capitalization of AI tokens is still higher than July values. 📉

Aptos Labs Expands Influence in Asia

- Aptos Labs acquires Japanese NFT service HashPalette to strengthen its position in Asia.
- HashPalette will become a subsidiary of Aptos Labs, and its Palette Chain blockchain will migrate to the Aptos network.
- This agreement will help Aptos Labs establish relationships with influential Japanese companies and support local Web3 participants.

🔗 Source: HashPalette

Ethereum is back in the spotlight! 🧐

- A major ETH holder who participated in the 2014 ICO is actively selling his assets.
- 19,000 ETH worth $47.5 million have been sold in the last two days.
- Since the beginning of October, the price of ETH has fallen by almost 10%, reaching $2,365.
- The ETH/BTC ratio has also dropped to mid-September levels.
- Despite this, Ethereum supporters continue to support the network.

Source: Lookonchain

Coinbase sues CFTC to release correspondence with crypto issuers to defend against SEC lawsuit. 🚨

- The exchange wants data on 12 tokens that the SEC considers unregistered securities.
- Coinbase claims the CFTC is "ignoring" the requests despite a court order.
- In June, the SEC accused Coinbase of illegal activity by calling 13 tokens securities.

It will be interesting to see how this plays out!

📉 Veteran trader Peter Brandt has noticed that Bitcoin is forming a "three blind mice" pattern. This could mean that the asset will fall in the coming days.

- In a post on X on October 2, Brandt said that BTC is forming "three blind mice and a piece of cheese."
- This pattern usually indicates a continuation of the current trend.
- Bitcoin has fallen 7.1% over the past three days, erasing 12 days of gains.

Source: Peter Brandt, CoinGecko

Ripple Labs CEO Brad Garlinghouse is bracing for a legal battle with the SEC after their appeal of the XRP ruling. Garlinghouse said XRP's status as a non-security remains unchanged. 🚀

- Judge Torres ruled last year that XRP is not a security on public exchanges.
- The SEC has won a partial victory in its case involving institutional sales of XRP.
- XRP has fallen 10.2% in the past 24 hours, trading around $0.53.

Source: Brad Garlinghouse

The U.S. Securities and Exchange Commission (SEC) filed a notice of appeal in the Ripple case on October 2, seeking to overturn Judge Analisa Torres' ruling.

- Judge Torres previously ruled that secondary sales of XRP were not sales of securities.
- However, early sales by Ripple's founders to institutional investors were found to be sales of securities.

Stay tuned! 📉

FTX is preparing to auction 22 million Worldcoin (WLD) tokens worth $38 million on October 3.

- Minimum bid of $2.5 million, discount up to 75%
- Tokens will be unlocked until 2028, starting in December 2024

Earlier, FTX sold Solana at a deep discount, which led to criticism from creditors.

- Creditors will only receive 10-25% of their crypto assets

Rumors about FTX payments caused FTT price to rise by 70% 🚀

Gurbir Grewal, the SEC's CEO, is stepping down on October 11 after an aggressive crackdown on the crypto industry.

- Sanjay Wadhwa will take over on an interim basis.
- Grewal has initiated over 100 actions against major crypto platforms.
- Speculation is growing that the SEC is softening its approach to crypto.

Political pressure is mounting ahead of the November election. Kamala Harris and Donald Trump weigh in on the future of crypto. 💼

Source: SEC

📉 Bitcoin fell 8.3% from September 30 to October 1, hitting a two-week low of $60,207. Despite a slight recovery to $61,300, BTC remains 16.6% below its March 2024 record.

🔍 Analysts note that geopolitical instability and the upcoming US elections could negatively affect the price. However, BTC derivatives are showing resilience, indicating cautious optimism among traders.

A U.S. federal appeals court has given the green light for derivatives exchange Kalshi to list contracts linked to election outcomes despite regulatory pushback. The ruling opens the door for election prediction markets, including Web3 platforms like Polymarket. The CFTC tried to stop Kalshi, but the court ruled it was not in the public interest. 📉

📉 Crypto Market News:

- **Hamster Kombat Adds NFTs**: The popular Telegram game plans to integrate NFTs in November. This could revive interest in digital collectibles despite declining sales.

- **NFT Sales Fall**: NFT sales totaled $296 million in September, the lowest since January 2021. The number of transactions also declined.

- **NFT Stamps in Indonesia**: Indonesian Postal Service has issued NFT stamps, combining tradition and blockchain.

- **Metaverse vs. Loneliness**: Decentraland believes that decentralized metaverses can create real online communities.

Stay tuned!

📉 Attention, crypto enthusiasts!

- Analysis from CryptoQuant shows that large Bitcoin (BTC) holders are not ready to dump their assets yet. New whales who have held BTC for less than 5 months will receive only 1% profit at current prices.

- Market veterans with an Unrealized Profit Ratio of 1.27 are also not seeing significant profits.

- Tensions in the Middle East led to an outflow of $243 million from Bitcoin ETFs to the US.

- Analyst Willy Woo predicts sideways price movement until the end of 2024.

Stay alert!

🚨 Crypto Community Attention! 🚨

Your Crypto Community platform creator Duo Nine almost fell victim to a complex scam. Attackers posing as ParaFi Capital employees tried to steal his private keys through a fake Slack update.

- Duo Nine quickly recognized the scam and avoided losing funds.
- ParaFi Capital warns: beware of fake accounts!

Stay vigilant and store your crypto in hardware wallets!

🚗💥 Lamborghini is coming to Web3!

- On October 2nd, Lamborghini announced the launch of the Fast ForWorld platform for using its cars in blockchain games.
- Together with Animoca Brands, they will create a digital collectible platform.
- Players will be able to buy, sell and drive Lamborghinis in Motorverse games.
- The first release of the platform is scheduled for November 7th.

The future of digital cars is here!

Bitwise has filed for the first XRP ETF in the US! 🚀

- Bitwise wants to launch an XRP ETF so investors can gain exposure to the value of XRP.
- The application has been filed with the SEC, but approval has not yet been received.
- Bitwise CEO Hunter Horsley is confident in the future of blockchains and their capabilities.

Stay tuned to find out how this will impact the market!

Aptos Foundation and Franklin Templeton Integrate FOBXX Fund on the Aptos Blockchain

- Aptos and Franklin Templeton announced the launch of the FOBXX fund on the Aptos blockchain.
- The fund invests in US securities and already manages $427.95 million.
- It is the first US-registered mutual fund to use the blockchain.
- Each share of the fund is tokenized as BENJI and stored in digital wallets.
- Aptos reached 115.4 million transactions per day in May 2024. 🚀

Ava Protocol and Soneium Team Up to Simplify Web3 🌐

- Ava Protocol and Soneium, the blockchain from Sony, have partnered.
- Codeless automation integration will make things easier for developers and users.
- The goal: to reduce transaction costs and increase privacy.
- However, Soneium's scalability and market adoption remain questionable.
- The recent collaboration with Circle to promote USDC is also of interest.

Bitcoin (BTC) continues to struggle for bullish territory, and a retest of its all-time high of $73,679 may take longer than optimists hope, analysts say. 📉

- In the short term, BTC's structure signals a possible cooling for 1-3 weeks.
- Bitcoin's price has fallen 3.98% since October 1, reaching $61,243.
- The Fear and Greed Index has fallen 8 points, returning to the "fear" zone.

Be careful in the market!

Cryptocurrency exchange Kraken stops Monero support in the EEA 🚫

- Kraken announced that it will stop trading and depositing Monero (XMR) in the European Economic Area (EEA) from October 31, 2024.
- Reason: regulatory and compliance obligations.
- Users can withdraw XMR until December 31, otherwise the tokens will be converted to BTC and distributed on January 6, 2025.
- The price of XMR fell by 8% after Kraken's announcement.

Stay updated!