In October 2024, the crypto market will witness several important token unlocking events. Here is the detailed schedule:
1. **Sui (SUI)**: On October 1, Sui will unlock **64.19 million SUI tokens**, worth approximately **108 million USD**, representing **2.4%** of the total circulating supply.
2. **Aptos (APT)**: On October 11, Aptos will unlock **11.3 million APT tokens**, worth approximately **91 million USD**, representing **2.2%** of the total supply.
3. **Celestia (TIA)**: October 30 will be the biggest event as Celestia will unlock **175.56 million TIA tokens**, worth **1.05 billion USD** and representing **82%** of the total circulating supply.
In addition to the three major projects above, there are a number of other projects that will also unlock tokens in October, including:
- **NEON**: October 7, unlock **53.91 million tokens**, accounting for **93.43%** of the total supply.
- **Taiko**: October 14, unlock **12 million TAIKO tokens**, accounting for **15.7%** of the total supply.
- **Axie Infinity (AXS)**: October 14, unlock **50.43 million AXS tokens**, accounting for **6.14%** of the total supply
These events can create large fluctuations in the market, especially with the large volume of tokens unlocked from projects like Celestia. Investors should monitor closely to make reasonable investment decisions.
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Blum CEO Gleb Kostarev has strongly stated that scammers will not receive any airdrops from the project. According to him, the Blum team is taking fraud prevention very seriously to protect the interests of the genuine user community. They have put in place measures to verify user identity and activity to ensure that only legitimate accounts participate in airdrops and other rewards within the Blum ecosystem.
In a first in U.S. history, federal prosecutors in Boston have filed criminal charges against several financial firms for cryptocurrency market manipulation and wash trading. The charges were announced on October 9, 2024, and involve companies including Gotbit, ZM Quant, and several other crypto tokens such as Saitama, Robo Inu, and VZZN.
According to prosecutors, these firms used wash trading tactics to create the illusion of large trading volumes, making investors believe that these assets were valuable. After driving up prices, they sold them at artificial prices to make a profit, a typical practice in âpump and dumpâ schemes. More than $25 million in cryptocurrency was seized and related trading bots were disabled.
The FBI also participated in an operation called âOperation Token Mirrors,â in which they created their own cryptocurrency to infiltrate and track these fraudulent activities. The investigation found that many companies and individuals were using new technologies like cryptocurrencies to commit fraud that has been around for centuries.
TON Projects You Should Be Involved In#BLUM|#NOTPixel|#Major| #XEmpire
TON (The Open Network) is a rapidly growing blockchain ecosystem, and here are some notable projects you should consider getting involved with: ### 1. Blum Blum is building a platform focused on simplifying the cryptocurrency experience on Telegram. With products like Memepad, Blum promises to make it easy for users to access and use memecoins conveniently within the Telegram app. The project is gradually being completed and has received a lot of attention from the community thanks to its simplicity and convenience.
The minutes of the FOMC meeting released on October 9, 2024, recorded a heated debate over the decision to cut interest rates by 50 basis points (bps) at the September meeting. Although the decision was eventually adopted, Committee members had diverse views, with some members arguing that a cut of only 25 bps would be more stable and predictable for the market.