🪙 Crypto and Blockchain News (October 24, 2023):

1️⃣ TON Community has successfully raised funds for participation in the TON Believers fund initiative. 🤝 At present, the project has managed to raise 1.3 billion TON tokens, equivalent to around $2.8 billion. The goal of this project is to enhance the token economy in the #ton blockchain. 🚀 We wish the TON Community success on their path to blockchain development and the realization of their ideas.

2️⃣ Parity Technologies, the company behind the #polkadot project, plans to lay off approximately 100 employees, or 30% of its workforce. 🏭 This decision is related to the company's reorientation towards the development of its own technologies. Such changes often occur in the rapidly developing cryptocurrency industry.

3️⃣ Deutsche Bank and SC Ventures have successfully completed the transfer and exchange of stablecoins on the Universal Digital Payments Network (UDPN), which serves as an equivalent of SWIFT for communication between central bank digital currencies and stablecoins. 💱 This demonstrates an interest in the development of new financial technologies and the strengthening of connections between the traditional banking sector and the innovation of cryptocurrencies.

4️⃣ Katie Wood, the founder and CEO of investment firm ARK Invest, has sold shares of Coinbase and the Grayscale Bitcoin Trust (GBTC) for approximately $5.8 million. 💸 Such transactions by a renowned investor can impact the trust and evaluation of these projects, as well as influence their future competitiveness.

5️⃣ The US Appeals Court has officially confirmed the decision that the #sec must reconsider Grayscale Investments' application to convert GBTC into a bitcoin-based spot ETF. 📃 This decision opens up new prospects for the development of the cryptocurrency market and may lead to the emergence of new investment instruments.

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