The US Court of Appeals for the District of Columbia Circuit has ruled in favor of prediction markets allowing betting on US elections, rejecting an appeal by the CFTC. The decision, made on Oct. 2, overturned a previous ruling against the regulator in the case of prediction market Kalshi. The court found that the CFTC failed to demonstrate irreparable harm to the public from US election-based contracts. Kalshi's founder, Tarek Mansour, celebrated the ruling, stating that US presidential election markets are now officially legal. As a result, Kalshi can resume offering election-related contracts, with the possibility of a new motion for a stay if new evidence emerges. The legal win for Kalshi could also benefit other crypto-native prediction markets like BET and Polymarket. The SEC's decision to appeal a ruling affecting Ripple's XRP sales has raised uncertainty about the approval of crypto-focused ETFs in the near future. Read more AI-generated news on: https://app.chaingpt.org/news

Aptos Labs, the developer of the Aptos Network, has finalized an agreement to purchase HashPalette, a Japanese non-fungible token (NFT) service provider, in a strategic move to broaden its reach in Asia. On October 3, HashPalette disclosed its decision to transition into a fully-owned subsidiary of Aptos Labs following a deal with its previous owner, HashPort. As part of the acquisition, the Palette Chain blockchain and current HashPalette applications will be transferred to the Aptos Network. Aptos Labs views the HashPalette acquisition as crucial for its expansion into Asian markets. The company intends to leverage HashPalette's connections with Japanese businesses to engage with prominent companies in Japan and support local Web3 participants, such as developers, NFT creators, and enterprises. Meanwhile, HashPort will continue serving its corporate clients using Aptos Network's infrastructure. Additionally, Aptos' layer-1 blockchain will host the Franklin OnChain US Government Money Fund (FOBXX) after a collaboration between Aptos Foundation and Franklin Templeton, making FOBXX the first US-registered mutual fund to utilize blockchain technology on the Stellar network for transaction processing and share ownership recording. Read more AI-generated news on: https://app.chaingpt.org/news

The United States Securities and Exchange Commission's (SEC) chief enforcer, Gurbir Grewal, will resign on Oct. 11 after a tenure marked by vigorous enforcement in the cryptocurrency sector. While a permanent replacement has not been named, Sanjay Wadhwa, deputy director of the SEC's enforcement division, will serve as acting director. During his time as chief enforcer, Grewal oversaw over 100 enforcement actions targeting noncompliance in the rapidly expanding crypto space, including actions against major crypto trading platforms. His sudden departure has led to speculation that the SEC may adopt a more lenient stance on crypto. Political pressure on the SEC has been mounting ahead of the US presidential election, with Grewal's exit prompting discussions on the future direction of crypto regulation. Grewal, who led the SEC's enforcement unit for three years, expressed pride in the unit's accomplishments and efforts to address emerging risks in the industry. Read more AI-generated news on: https://app.chaingpt.org/news

The FTX estate is set to auction around 22 million Worldcoin tokens (WLD) worth about $38 million on Oct. 3. Bidders must submit offers by 8 pm on the same day, with a minimum bid of $2.5 million to participate and a potential discount of up to 75%. The tokens will be subject to a 4-year unlocking period until 2028, with 20,000 WLD tokens unlocking daily starting from Dec. 1, 2024. Following that, the unlocking rate will decrease to approximately 14,000 WLD tokens per day until completion in 2028. Previously, FTX sold Solana tokens at a discount, sparking criticism from creditors. Tensions escalated when a revised bankruptcy plan proposed minimal crypto reimbursements. Despite rumors of imminent fund distribution, the court hearing for confirmation is scheduled for Oct. 7. FTT, FTX's native asset, surged over 70% on speculation of payouts. Read more AI-generated news on: https://app.chaingpt.org/news

The Tron Network achieved a record $577 million in revenue for the third quarter, surpassing established blockchains like Bitcoin and Ethereum in quarterly income. Tron's revenue for Q3 was $577.2 million, with 74% from staking and 26% from burning. The network's success was driven by stablecoin activity and entry into the memecoin market. Tron outperformed Bitcoin and Ethereum in aggregate fees and revenue. Despite differences in income generation methods, Tron is the second-largest blockchain for stablecoins after Ethereum. The network is popular in emerging markets due to high demand for stable assets like Tether. Tether dominates stablecoin deposits on Tron. Additionally, Tron's memecoin deployer SunPump generated $5.4 million in revenue. Tron's highest revenue day was $5.4 million, following a $1 billion USDT injection from Tether. Tron's success in Q3 highlights its growing presence and revenue in the blockchain space. Read more AI-generated news on: https://app.chaingpt.org/news

On October 2, thousands of Bank of America customers experienced a network outage, with some unable to access their accounts or seeing a $0 balance. The issue started around 4:26 pm UTC and peaked an hour later, with nearly 18,000 reports within 15 minutes. Most complaints were related to the bank's mobile and online apps. While Bank of America initially did not address the problem publicly, they later confirmed that the technology issues had been resolved. However, some users continued to face problems, criticizing the bank for the IT glitch. Despite the outage, Bank of America's share price remained unaffected. This incident highlights the importance of self-custodying funds, especially in the crypto community where uptime is crucial. Other blockchain networks like Solana and Zilliqa have also faced similar challenges this year. Read more AI-generated news on: https://app.chaingpt.org/news

The EigenLayer and LayerZero teams have collaborated to enhance cross-chain communication security by introducing a system called CryptoEconomic Decentralized Verifier Networks (DVNs). This system combines technical verification with financial incentives to ensure secure messaging across blockchains. DVNs leverage cryptoeconomic security, where verifiers stake assets that can be slashed if they act dishonestly. The system includes mechanisms such as stake, verify, veto, and slash to ensure security. Benefits of this framework include increased security, financial incentives for honest behavior, and flexibility in verification methods. The open-source nature of the framework allows other teams to launch their own DVNs with customizable security parameters. As more entities participate in DVNs, the future of blockchain communication will prioritize trust and transparency. EigenLayer currently has $10.8 billion in total value locked, showcasing the growing adoption of this innovative system. Read more AI-generated news on: https://app.chaingpt.org/news

Energy Web has introduced AutoGreenCharge, a mobile app that allows electric vehicle (EV) owners to charge their vehicles with renewable energy. The app, powered by EnergywebX technology and secured by the Polkadot blockchain, ensures that every charging session is 100% renewable. Through the integration of renewable energy certificates (RECs), users can track and verify that their EVs are charged with clean energy in real-time. AutoGreenCharge also offers personalized access to different types and locations of renewable energy sources. Mani Hagh Sefat, CTO of Energy Web, emphasized the app's role in promoting sustainable choices and contributing to the global energy transition. The beta version of AutoGreenCharge is now available for download, allowing users to participate in shaping the future of green charging. By connecting their EVs to the app, users can monitor their energy consumption and environmental impact, while also retiring real renewable energy certificates with each charging session. Read more AI-generated news on: https://app.chaingpt.org/news

The transition from Web 2.0 to Web 3.0 marks a significant shift in internet technology. While Web 2.0 focused on centralized data storage and control by big companies like Facebook and Google, Web 3.0 embraces decentralization through blockchain technology. This shift empowers users to own and control their data, enhancing privacy and security. Web 3.0 applications, built on distributed networks, eliminate the need for intermediaries, unlike Web 2.0 services. The use of smart contracts in Web 3.0 ensures automated transactions without intermediaries, enhancing security and transparency. By dispersing data across a blockchain network, Web 3.0 reduces the risk of cyberattacks compared to the centralized servers of Web 2.0. This evolution towards decentralization and user ownership signifies a paradigm shift towards a more secure and user-centric digital ecosystem. Read more AI-generated news on: https://app.chaingpt.org/news

DePIN networks, powered by Blockchain technology, are set to transform resource sharing and access. These networks will link physical devices, sensors, smartphones, and gadgets to blockchain networks in a decentralized manner, offering innovative alternatives to centralized systems. Contributors will receive fair returns in digital assets for their data, bandwidth, and storage space contributions, shifting power from tech giants that often exploit users. DePIN integrates blockchain with physical infrastructure like smartphones and sensors, enabling users to share internet bandwidth and vehicle data while earning digital assets. This setup ensures users have full control over their data and resources without intermediaries. Various applications of DePIN networks include geolocation services like GEODNET and internet access solutions like WiFi Map. Projects like Witness Chain aim to unite different DePIN projects for a more efficient network. Decentralized storage networks like Filecoin offer secure and resilient storage options. Despite some challenges, DePIN networks are reshaping resource sharing across industries. Read more AI-generated news on: https://app.chaingpt.org/news

Solana (SOL), a key player in blockchain, is facing challenges in meeting its projected gains, while GoodEgg (GEGG), an AI-powered dating meme coin, is gaining momentum with a predicted 16,000% surge in October. Solana's underperformance is attributed to recent token unlocks and macroeconomic factors like comments from the Federal Reserve Chairman. In contrast, GoodEgg's success lies in its unique AI-driven dating platform and its appeal to both retail and institutional investors. While Solana's future remains promising, its short-term obstacles may deter investors, whereas GoodEgg's presale success and growth potential make it a lucrative investment opportunity. With 81% of its tokens sold and a predicted surge in October, GoodEgg is positioned for explosive growth in the crypto market. Read more AI-generated news on: https://app.chaingpt.org/news

Ethereum's co-founder, Vitalik Buterin, recently discussed the presence of war-related markets on prediction betting platforms. Buterin supported the Hezbollah section on Polymarket, emphasizing their role as decentralized information tools. The crypto community debated the ethics of war-related betting markets following concerns raised by a user named Legendary. While some felt it trivialized serious issues, others argued that it provided valuable insights. Buterin defended the existence of these markets, highlighting their potential to counter misinformation and promote accountability. Despite criticism from some community members, Buterin maintained that prediction markets serve a purpose beyond financial gain. He also addressed concerns about market manipulation and emphasized the importance of decentralized platforms in providing accurate information. Overall, Buterin's stance on prediction markets reflects a belief in their potential to empower individuals and challenge traditional narratives. Read more AI-generated news on: https://app.chaingpt.org/news

Shiba Inu has released its latest hyper-casual game, Shiboshi Rush, for Android users. The action-packed adventure game was introduced by Shiba Inu's marketing lead Lucie (@LucieSHIB). Players assemble a Shiboshi army to battle the Shadowcat forces, strategically placing troops and using multiplier gates to strengthen their army. The goal is to overpower the enemy and destroy their castles, adding tactical planning to the fast-paced action. Shiboshi Rush is currently in version 0.1.0 on the Android Google Play Store, with plans for an Apple release. This follows the recent launch of Agent Shiboshi, part of Shiba Inu's gaming expansion targeting the hyper-casual gaming segment. The emphasis on inclusivity and player enjoyment is highlighted, with future plans to integrate blockchain features. Both games will eventually be available on Shibarium, Shiba Inu's layer-2 blockchain platform. Read more AI-generated news on: https://app.chaingpt.org/news

Shiba Inu has been gaining recognition and credibility through various partnerships, distancing itself from its origins as a meme coin. The recent collaboration with Zama, an open-source cryptography company specializing in Fully Homomorphic Encryption (FHE) solutions for blockchain and AI, marks another significant step for the popular crypto project. This partnership aims to enhance data security and privacy by enabling operations on encrypted datasets without decryption, ensuring a safer environment for analytics. The FHE technology has promising applications in crypto, such as confidential smart contracts and private NFT auctions. Additionally, it offers benefits for data analysis, cross-chain transactions, and asset investments while maintaining investor privacy. The partnership with Zama is expected to unlock new possibilities for Shiba Inu's ecosystem projects, including BONE, TREAT, the Metaverse game, and Shidentity program, showcasing the potential for growth and innovation in the crypto space. Read more AI-generated news on: https://app.chaingpt.org/news

Gods Unchained, the Ethereum NFT trading card game, is launching its new expansion 'Tower of Dread' on October 10. The expansion introduces 40 new cards, including seven legendary cards with unique 'Mythic' variants. Players will engage in the biggest battle yet against Thaeriel, with a new gameplay mechanic allowing card destruction for points towards discounts on expansion packs. Additionally, two new game boards and gothic horror-themed trinkets are included. 'Tower of Dread' is a step towards making Gods Unchained a premier game, according to game designer Bryn Welch. The expansion also continues the collaboration with Guild of Guardians, aiming for full interoperability within the gaming ecosystem. Gods Unchained is accessible on various platforms and offers optional NFT cards. Narcilla, The Huntress, is the latest character revealed in the expansion, adding to the game's immersive narrative. Read more AI-generated news on: https://app.chaingpt.org/news

Uniswap, a top decentralized exchange, saw a significant boost in revenue, reaching $52.75 million from April to September 2024. The surge followed a decision by Uniswap Labs to raise the user-interface swap fee to 0.25%, excluding stablecoin pairs and WETH. Despite criticism, the fee adjustment led to a substantial increase in monthly revenue, climbing from $4 million in March to $11.53 million in May. Uniswap maintained its market dominance, with a seven-day volume of $8.1 billion, surpassing competitors like PancakeSwap. However, legal challenges loom as the SEC issued a Wells Notice to Uniswap Labs. The increased revenue may aid in covering legal expenses. Uniswap has pushed back against SEC regulation of DeFi, expressing readiness to defend its position. The fee hike, though controversial, has proven successful in boosting revenue and maintaining Uniswap's leading position in the DEX market. Read more AI-generated news on: https://app.chaingpt.org/news

The 2024 edition of Token2049 in Singapore attracted 20,000 attendees to the main conference and over 800 side events, making it the world's largest Web3 and crypto conference. Key speakers included Vitalik Buterin, Anatoly Yakovenko, and Edward Snowden. Highlights featured the Solana Seeker cryptophone and BitGo's USDS stablecoin launch, along with appearances by Formula 1 drivers. Buterin emphasized the importance of mainstream adoption while maintaining decentralization values, suggesting the use of smart multisig wallets. Snowden criticized the arrest of Telegram's founder, advocating for apps without a central figure. Rapper Iggy Azalea discussed meme coins, highlighting their cultural significance. The event concluded with an official afterparty at Marina Bay Sands. The next Token2049 event in Dubai aims to provide an even more immersive experience for the crypto community in 2025. Read more AI-generated news on: https://app.chaingpt.org/news

Metaplanet, a Japanese investment firm, recently added 107.913 Bitcoin to its corporate treasury, worth $6.6 million. This purchase brings their total Bitcoin holdings to 506.745 Bitcoin, with a total investment of $31.8 million USD. The company's aggressive Bitcoin purchasing strategy began in April 2024, following a strategic pivot. Similar to MicroStrategy, Metaplanet aims to maximize shareholder value through Bitcoin investments. Despite initial success, with stock prices surging, the stock has since pulled back. Metaplanet's approach mirrors that of MicroStrategy, known for its substantial Bitcoin holdings. Other companies like Tesla, Square (now Block Inc.), and PayPal have also integrated crypto assets into their long-term investment strategies. This trend reflects growing corporate confidence in digital assets. Overall, Metaplanet's Bitcoin acquisition aligns with a broader trend of companies embracing cryptocurrencies for long-term growth. Read more AI-generated news on: https://app.chaingpt.org/news

The year 2024 has seen a surge in the launch of major gaming tokens tied to games and networks. Notable tokens like NOT, PIXEL, SAGA, HMSTR, Portal, XAI, Catizen, MAVIA, GMRX, and ZENT have made significant impacts in the crypto market. NOT token by Notcoin emerged as the champion with a peak market cap of nearly $3 billion. Other tokens like PIXEL, SAGA, and HMSTR also gained substantial market caps. These tokens have introduced new dynamics to the gaming industry, attracting millions of users and generating billions in trading volume. Despite price fluctuations, these tokens continue to shape the future of crypto gaming. With more token launches on the horizon, the gaming sector remains vibrant and full of potential for further growth and innovation. Read more AI-generated news on: https://app.chaingpt.org/news

Sui's Layer-1 blockchain has reached significant milestones recently, setting the stage for its native coin, SUI, to potentially reach its previous peak of $2.16 in October. The positive sentiment surrounding the altcoin increases the likelihood of this outcome. With expectations of a broader market upswing next month, SUI holders could see profits. The surge in SUI's Total Value Locked (TVL) stands out as a key achievement, hitting $1.07 billion, marking a 65% increase in the last 30 days. This rise in TVL bodes well for SUI as it indicates growing trust in Sui's utility, potentially driving up its price. The upcoming mainnet launch of Sui Bridge is anticipated to further boost SUI's TVL in October, attracting more users and enhancing liquidity. With rising daily active addresses and open interest, SUI is on track to reclaim its peak price, supported by bullish market indicators. Read more AI-generated news on: https://app.chaingpt.org/news