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Pi coin, one of the most anticipated crypto projects, is gearing up for its mainnet launch, possibly in December 2024 or the first quarter of 2025. Pi developers are working to transition the network to the Open Network, which will allow pioneers to convert their tokens into fiat currencies. As part of this transition, they are focusing on two key aspects. First, they are conducting Know Your Customer verification for millions of pioneers, a process they hope will eliminate bots. There are signs that more pioneersāor Pi minersāare joining the network to complete the verification process. In a statement on Oct. 16, the developers requested more validators to join the network and reduce the wait time. These validators are rewarded in Pi coin, which they can eventually convert to fiat currencies. Source: Crypto News
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The blockchain-based election betting site Polymarket priced in a 60% chance of a Trump victory, breaking the 60% threshold for the first time since late July, days after President Joe Biden bowed out of the race. Other prominent sites which allow users to wager money on the outcome of the election have similar shifts toward Trump: Betfair places a roughly 58% chance at a Trump win, Kalshi 57%, PredictIt 54% and Smarkets 58%. Election Betting Odds, which aggregates implied betting odds across the five major markets, gives Trump a 57% chance at victory, tilting in Trumpās favor by the widest margin since July 29, up from about 48% at the end of September Source: Forbes
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WORLDCOIN REBRANDS TO WORLD NETWORK AND LAUNCHES WORLD CHAIN ON MAINNET Sam Altman-backed Worldcoin has rebranded to World Network and launched its World Chain mainnet, an Ethereum Layer 2 blockchain - $WLD World Chain is designed to support verified human identities through World ID, offering savings on gas fees and participation in network governance. Key partners at launch include Optimism, Alchemy, Uniswap, and Etherscan, as the project aims to differentiate humans from AI in the growing digital landscape. Source: The Block & Mario Nawfal
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Stripe In Talks To Acquire Crypto Firm For $1B Looks like Stripeās ready to jump back into crypto, reportedly in the final stages of negotiating the acquisition of Bridge. Bridge is big on stablecoins - think $USDC , Tether - and theyāve already processed $5B+ in payments. Stripeās been quiet since ditching the scene in 2018, but now theyāre back in the game, stacking up infrastructure for cross-border payments. Big moves from a $70B fintech OG. Keep your eyes on this one. Source: Forbes & Mario Nawfal
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Terraform Lab's Ex-CEO To Receive Extradition Decision Montenegroās Justice Minister is about make a ruling on Do Kwonās extradition - Saturday, October 19. Both the US and South Korea are battling to take him down over the $40B Terra Luna implosion. While he waits for his next move, Terraform Labs just settled with the SEC for a whopping $4.47B, liquidating their whole operation. Source: CoinGape & Mario Nawfal
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