Litecoin Founder Optimistic About ETF Approval AI Review According to Odaily, Fox Business journalist Eleanor Terrett reported on Platform X that Litecoin founder Charlie Lee expressed his enthusiasm for Canary Capital’s Litecoin ETF application. Lee stated, “I’m excited to see Canary Capital applying for a Litecoin ETF. We’ve seen significant institutional demand for Litecoin. This is evident from the daily growth of the Grayscale Litecoin Trust, which is trading at more than double its net asset value. Given that Litecoin is a commodity very similar to Bitcoin, I hope to see a Litecoin ETF approved soon.”
Paris Saint-Germain Forms Blockchain Partnership with Socios AI Review According to Odaily, Paris Saint-Germain Football Club has entered into an innovative blockchain partnership with Socios. The collaboration aims to use blockchain technology to enhance fan engagement and create a new digital experience for fans. The partnership is expected to bring significant improvements to the way fans interact with the club, offering unique opportunities and benefits through the use of blockchain-based solutions.
New Mechanism Proposed to Improve Layer 2 Blockchain Governance AI Review According to PANews, three anonymous cryptocurrency developers have proposed a new mechanism called “Panoramic Governance” aimed at increasing governance participation and growth of protocols on Layer2 blockchains. The white paper, authored by 0xCygaar, 0xBeans, and 0xMons, states that Panoramic Governance can be implemented on any Layer2 blockchain using native governance tokens and a sorting system. Users pay a gas fee to achieve faster transaction sorting and reliable pre-confirmation. Panoramic Governance consists of two interdependent systems: one that distributes sorting fees to governance voters who actively participate in the network, and one that allows voters to direct token emissions to protocols built on a given blockchain. This mechanism increases the demand for block space, which results in higher sorting fees. Consequently, the income of active governance voters increases, incentivizing them to allocate more emissions to successful on-chain protocols.
According to Odaily, HBO has theorized that Peter Todd may be Satoshi Nakamoto, the mysterious creator of Bitcoin, although Todd denies the claim. HBO's reasons for the claim are as follows: In 2010, Todd responded to a post by Satoshi Nakamoto on the Bitcointalk forum from a new account. HBO theorizes that Todd accidentally used his own account to make a post intended for Nakamoto. A few days later, both accounts stopped updating. Todd subsequently implemented the "RBF" concept discussed in the post. The documentary claims that Todd used the pseudonym "John Dillon" to promote RBF. Additionally, both Todd and Nakamoto used British/Canadian spelling conventions. The documentary also notes that Nakamoto published on a schedule that matched that of a student, with more activity on weekends. Additionally, Todd once discussed “donating” Bitcoin, which the documentary interprets as a reference to Nakamoto’s Bitcoin holdings being destroyed.
Wizzwoods Launches Notcoin-Themed Architecture and Décor
According to Odaily, Wizzwoods will launch Notcoin-themed architecture and decor on September 29 at 17:00 (UTC+8). This collaboration will integrate Notcoin brand elements into the magical world of Wizzwoods, offering players a rich and personalized experience. The partnership not only enhances the gaming experience, but also paves the way for future innovative collaborations for Wizzwoods. Players can look forward to exploring the unique charm created by the joint efforts of Wizzwoods and Notcoin. Wizzwoods is the only pixel farming game on Berachain, co-developed by Tabi.
Fed's Kashkari sees 50 basis point rate cut in 2024 According to BlockBeats, Federal Reserve official Neel Kashkari said on September 23 that the central bank expects to cut interest rates by 50 basis points in 2024.
Colony Survival Closed Beta to Begin in Early 2025 According to BlockBeats, Parallel's founder announced at the Solana 2024 Breakpoint conference on September 21 that the survival sim game Colony is set to enter closed beta in early 2025. Additionally, Colony is optimized for Solana mobile devices.
According to BlockBeats, Intotheblock data indicates that Bitcoin’s market share has grown 6% year-to-date. Ethereum has seen a modest 0.2% growth over the same period, while Bitcoin has grown roughly 43% over the same time period. Additionally, the overall market cap of stablecoins has grown at the expense of Ethereum, increasing its share of the combined BTC, ETH, and stablecoin market cap from 7% to 10%. USDT’s market cap has reached an all-time high of $118 billion, which has been the main driver of stablecoins gaining market share from Ethereum over the past six months.
SEC Plans to Sanction Musk Over Twitter Acquisition Investigation The U.S. Securities and Exchange Commission (SEC) announced on Sept. 21 that it intends to sanction Elon Musk, the CEO of social media platform X (formerly known as Twitter), according to BlockBeats. The move comes after Musk failed to testify as scheduled in the regulator's investigation into his $44 billion acquisition of Twitter.
TON Launches Global Winter Hacker League with $2 Million Prize Pool
According to Foresight News, TON has announced the launch of its Global Winter Hacker League with a total prize pool of $2 million. The competition will cover five areas: DeFi, Social Media & Utilities, GameFi & Onboarding, On-Chain Data Analytics, and Interaction. The event is scheduled to run from September 12, 2024 to December 20, 2024.
MicroStrategy Acquires 7,420 BTC Worth $458.2 Million According to Odaily, market sources said that MicroStrategy acquired 7,420 BTC between September 13 and September 19. The acquisition is valued at approximately $458.2 million.
Whale Investor Buys Ethereum Again, But Suffers Massive Losses AI Review According to Odaily, a network analyst named Yu Jin reported that a whale investor who previously sold 6,001.7 ETH in late June at $3,384 per share for a profit of $1.64 million has bought back more Ethereum in the past two months. The investor spent a total of $25.33 million to buy back 8,010 ETH at an average price of $3,163 per share. The investor is currently facing unrealized losses of $5.07 million.
Jamie Dimon Discusses Potential Uncertainty of Trump's Views According to BlockBeats, on September 20, Jamie Dimon, CEO of JPMorgan Chase, expressed concern that former President Donald Trump's views could bring more uncertainty to the world. Dimon also said that the Federal Reserve's interest rate cuts will not impact the upcoming U.S. presidential election. While he is hopeful for a soft landing for the U.S. economy, Dimon remains skeptical of inflation.
Litecoin Circulating Supply Reaches 75 Million According to Odaily, Litecoin announced on the X platform that its circulating supply has reached 75 million coins. There are about 9 million coins left to be mined.
Arbitrum Proposes New Transaction Ordering Strategy Timeboost AI Overview According to Odaily, Arbitrum has initiated a vote to implement a new transaction ordering strategy called Timeboost for Arbitrum One and Nova. The goal of this strategy is to provide traders with a fast track to gain transaction priority through an auction system, thereby gaining arbitrage and front-running opportunities. Timeboost is intended to mitigate the negative effects of MEV (Miner Extractable Value) seeker competition while returning the benefits of the transaction ordering market to ArbitrumDAO. Traders can choose to stake ETH or ARB tokens. The proposal outlines two primary methods for handling collected revenue: transferring ETH revenue to the DAO treasury or burning ARB revenue. If the proposal is approved, a public testnet will be held. Currently, 57.7% of voters support transferring collected ETH to the DAO treasury.
Fractal Bitcoin Network Transaction Fees Continue to Rise According to Odaily, data from mempool.space indicates that transaction fees on the Fractal Bitcoin network have been steadily rising. Fees have exceeded 2,400 SAT/B in several blocks, and current network fees have reached 2,291 SAT/B.
Sonic Labs Unveils New Official Website AI Review According to BlockBeats, Sonic Labs, formerly known as Fantom, announced the launch of its new official website on September 13. The rebranding and new site aim to provide users with an improved experience and updated information about the company's offerings and developments. The new site is expected to be a comprehensive resource for current and potential users, featuring detailed sections on the company's technologies, projects, and future plans.
Nuffle Labs Partners with EigenLayer to Develop Nuff Protocol AI Review According to Foresight News, Nuffle Labs, an independent organization spun off from the NEAR Foundation, has announced a partnership with EigenLayer. The NEAR DA and NFFL AVS teams are currently developing a new protocol called the Nuff Protocol. This protocol will allow validators to re-stake on any blockchain and host on EigenLayer, aiming to expand EigenLayer into a multi-chain platform.