Chain News by Thebittimes.Com

Hong Kong CSOP Bitcoin Futures ETF trading volume reached HK$175.87 million on October 24. That marks the most significant day for trading volume and net inflow since the ETF was listed. CSOP Bitcoin Futures ETF is an actively managed exchange-traded fund incorporated in Hong Kong. According to reports, the Hong Kong CSOP Bitcoin Futures ETF trading volume reached HK$175.87 million on October 24, with capital inflows of HK$138 million. Renowned Chinese crypto reporter Colin Wu noted that this was the most significant day for trading volume and net inflow since the ETF was listed. The Hong Kong CSOP Bitcoin Futures ETF’s trading volume reached HK$175.87 million on October 24, with capital inflows of HK$138 million. It was the largest day for both trading volume and net inflow since the ETF was listed. Previously, the daily turnover was only HK$1 million to… — Wu Blockchain (@WuBlockchain) October 24, 2023 Wu considered the recent spike in volume a s...

KNC stood out as a significant riser among the top 300 market cap digital assets. AAVE, LINK, CHZ, FTM, INJ, LDO, and SNX also rallied significantly. The surging market metrics cut across active addresses and whale activity spikes. Kyber Network Crystal (KNC) stood out as a significant riser among the top 300 market cap digital assets, according to Santiment, the market intelligence platform with on-chain and social metrics. Moreover, Santiment identified AAVE, LINK, CHZ, FTM, INJ, LDO, and SNX as assets that have seen significant spikes in the recent crypto market surge. In a wild start to the #crypto week, @KyberNetwork $KNC (+27%) has stood out as a major riser among top 300 market cap assets. In terms of address & whale activity spikes, assets seeing 2023-high levels of #onchain activity include $AAVE, $LINK, $CHZ, $FTM, $INJ, $LDO, & $SNX. pic.twitter.com/bj4dPnpiSr — Santiment (@santimentfeed) October 24, 2023 According to Santiment,...

The Pepecoin project team reported burning 6.9 trillion tokens worth about $6 million. According to a statement at X (form.Twitter), the team explores the possibility of using the remaining 3.79 trillion PEPE for strategic partnerships and new marketing campaigns. 6.9T $PEPE Tokens worth ~$6,000,000 have been burned. https://t.co/aN5LRUFz8u A new team of advisors have been brought on to guide Pepe forward. Uses for the remaining 3.79T tokens attributed to the original team CEX multi-sig wallet for strategic partnerships and marketing… pic.twitter.com/JN3ssvH0XL — Pepe (@pepecoineth) October 24, 2023 Information about the token burning was confirmed by the analytical platform Etherscan. The PEPE token price responded to this news with growth. It has risen 20% in the last 24 hours and is trading at $0.0000008, according to CoinGecko. Pepe weekly chart | Source: Coingecko At the end of August, the price of meme coin plummeted by 20%. The reason for the fall was the a...

Sam Altman’s Worldcoin Foundation will shift payments to orb operators from USD Coin (USDC) stablecoins to Worldcoin (WLD) tokens. The foundation announced the plan on Oct. 22 and said the change will come into effect next month Worldcoin’s Orb Operators have been integral to the project’s mission of verifying individuals’ identities by scanning their irises.  It began transitioning to the new arrangement with a pilot program on Oct. 10, when select operators started receiving rewards in WLD tokens.  Growing Circulation of Worldcoin Tokens Worldcoin’s native token, WLD , is experiencing steady growth in circulation. According to data from Worldcoin’s official Dune Analytics dashboard, the supply of WLD tokens has expanded from approximately 100 million at the time of launch to around 134 million at the time of publication.  This growth is in part due to the distribution of WLD tokens to Orb operators and users in the form of gran...

In conjunction with the $33 million raise, Blockaid said it’s coming out of stealth with customers like MetaMask and OpenSea. Blockaid, a blockchain security startup and partner of the MetaMask cryptocurrency wallet, has secured $33 million funding to scale its technology designed to stop malicious transactions. The Series A funding round for Blockaid was led by major industry venture capital firms, including Coinbase investor Ribbit Capital and the early-stage VC firm Variant. Other funding members included Sequoia Capital, Cyberstarts and Greylock Partners. Announcing the news on Oct. 23, Blockaid also said its security platform is coming out of stealth with its inaugural customers like MetaMask, the OpenSea marketplace, the Rainbow wallet and the Zerion wallet. The startup has formed a strategic alliance aiming to provide security solutions for Web3 applications and protect users from malicious transactions. MetaMask previously disclosed that it was collaborating with Blockaid an...

A total of 45 countries had expressed their interest to join BRICS before the 15th summit in Johannesburg in August. In a historic move, BRICS inducted six new countries into the bloc this year out of the 45 applications they received. A total of 22 countries had formally sent their applications to join BRICS while 23 other nations had informally expressed to join the group. BRICS sent invitations to Saudi Arabia, the UAE, Argentina, Iran, Egypt, and Ethiopia to enter the alliance in 2024. Also Read: BRICS : China Dumps Another $22 Billion in US Treasuries While five among the six countries are likely to accept the invitation, Argentina could be the only country to reject joining BRICS. Read here to know why Argentina is now reconsidering joining BRICS and might not be a part of the alliance. BRICS: 39 Countries Ready To Be a Part of the Alliance in 2024 Source: Freepik.com The 39 other countries have not backtracked their decision to join the BRICS bloc yet. They seem con...

Binance fails to implement its crypto market recovery fund, yet BNB forecasts remain bullish. Render’s (RNDR) Stable Diffusion Jobs spur high network activity. NuggetRush (NUGX) is building a community of interested miners to help support Artisanal miners through NFT gaming. Binance Coin (BNB) holders have been disappointed to learn that Binance ’s recovery fund has barely been utilized as planned. In contrast, Render (RNDR) network metrics have been rising in the past few months. Still, NuggetRush is attracting investors as it provides a way to increase the earning potential of gamers.  Now, investors are wondering if NUGX can become a top ICO project. Let’s review some of the experts’ opinions to get the answer. Binance’s IRI Fund fails to yield desired effects On October 10, 2023, Bloomberg reported that Binance ’s Industry Recovery Initiative (IRI) has not been spent as intended. The IRI was meant to boost ...