After the recent rise of the Pepe (PEPE) meme coin, Bitcoin's BRC-20 token standard has become the latest fad in the crypto ecosystem. The BRC-20 standard has been used to create 8,500 tokens, most of which are meme coins such as PEPE and Memetic (MEME). With all this hype in the crypto industry, let’s explore more about what are these BRC20 tokens and how you can mint them. 

What are BRC20 tokens? 

The BRC-20 "token standard" is a test fungible token developed with Ordinals and Inscriptions and saved on the Bitcoin base chain. It deploys token contracts, mints tokens, and transfers tokens using Ordinal inscriptions of JSON data.

This is not a token standard in the sense that EVM chains create smart contracts that manage the token standard and its various rules, but rather a method of storing a script file in Bitcoin and using that file to attribute tokens to satoshis and then allowing them to move from one user to another. 

On March 8th, 2023, Twitter user @domodata developed the BRC-20 token. The name is a play on Ethereum's ERC-20 token standard, however, they do not interact with smart contracts like the EVM standard from which it derives its name.  

There are numerous methods for creating tokens on other chains, each of which has its own market and exchange with liquidity where they can be exchanged. The token market is a breeding ground for speculation and scams, and hearing this ERC-20 word may attract these consumers, who may then relocate to Bitcoin. 

While this may increase demand for Bitcoin to pay fees and take up block space, it may also entice naive investors to purchase meaningless metadata that only a few wallets manage to transform into something worth displaying in a human-readable manner. 

After understanding a brief of the BRC-20 tokens, let’s understand why they are hyped. 

Why are BRC-20 tokens so hyped? 

The original BRC-20 token contract for the "ordi" token has a hard cap of 1,000 tokens each mint and a total maximum supply of 21 million tokens. Since then, the market value of BRC-20 tokens has risen over the previous month, reaching an astounding $120 million, signifying a 600% increase in the last week alone. On May 1, BRC-20 tokens had a volume of 366,000 transactions, while the total number of transactions on the network was 2.36 million. As the demand for BRC-20 tokens continues to climb, so are transaction costs as a result of the increased token activity. With the increased hype of the BRC-20 tokens, the BTC chain is congested. 

Now that you know why BRC-20 tokens have been hyped, let’s explore how you can mint BRC20 tokens. 

How to mint BRC20 tokens? 

Bitcoin Tokens (BRC-20) are blockchain-based digital assets that are frequently used for decentralized finance, gaming, and digital collectibles. Unisat.io is a platform that enables users to easily generate, manage, and trade these tokens. We will lead you through the process of minting Bitcoin Tokens (BRC20) on Unisat.io in this comprehensive guide. 

Step 1: Create a Wallet 

You must first create a suitable wallet before you can begin minting tokens. Unisat is a well-known web-based wallet that accepts custom BRC20 tokens. 

Step 2: Integrate BRC20 Support into Your Wallet 

After you've created your wallet, you'll need to add BRC20 token support. Take the following steps: 

Choose the option to add custom tokens or assets to your wallet. 

Add the BRC20 token standard's contract address. You can find it on the Unisat.io website or in the token's documentation. 

Input the token's symbol and decimals that can be found in the documentation. 

Step 3: Get Some Bitcoin (BTC) 

You will need both Bitcoin (BTC) to mint BRC-20 tokens. Here's how to get them: 

Buy Bitcoin from any reputed exchange like Binance, Coinbbase, Kucoin, etc.

Buy Bitcoin from P2P

Borrow some BTC from your friend (Need really good friends for this)

Step 4: Add Bitcoin to Your Wallet 

Now that you have the necessary cryptocurrency, deposit them into your wallet by completing these steps: 

Find your Bitcoin Taproot (BTC) addresses in your wallet. Make sure it is a Taproot address.

Navigate to the withdrawal area on the exchange and enter your wallet addresses. 

Confirm the transaction and wait for the funds to appear in your wallet. 

Step 5: Register Your Wallet with Unisat.io 

Follow these steps to connect your wallet to Unisat.io: 

Visit the website Unisat.io. 

Select the "Connect Wallet" option. 

Select your wallet from the list of available alternatives and follow the on-screen instructions to connect. 

Step 6: Mint Tokens 

Now that your wallet is connected, you may begin minting BRC20 tokens. Take the following steps: 

Navigate to the "Mint Tokens" area of Unisat.io. 

Enter the desired token information, such as the name, symbol, and total supply. 

Choose the functionality of the token, such as whether it should be transferable or have a fixed supply. 

Click "Mint Tokens" to validate the transaction in your wallet. 

Step 7: Organise and Trade Your BRC-20 Tokens 

Manage and trade tokens on Unisat.io using the following steps: 

Go to Unisat.io's "My Tokens" area. 

View and control your tokens, such as changing the supply of the token or adding new functionality. 

To trade your tokens, go to the "Marketplace" section and make a new trading pair with the cryptocurrency of your choice. You need 20 UniSat points to trade on Marketplace. Please note that for each use of UniSat Inscribe to create an inscription (including TRANSFER minting in UniSat Wallet), the UniSat Points of your connected address will be incremented by one.

Set the price as well as other trading characteristics such as order type and quantity. 

Step 8: Market Your BRC-20 Tokens 

Consider advertising your BRC-20 tokens using the following avenues to boost their value and awareness: 

Social networking sites: To reach a larger audience, share your token's information and updates on platforms including Twitter, Facebook, and Reddit. 

To attract potential investors and users, participate in conversations on major cryptocurrency forums such as Bitcointalk and CryptoCompare. 

Press Statements: To announce noteworthy milestones or partnerships, publish press releases on recognized Bitcoin news sources. 

Step 9: Incorporate Your BRC-20 Tokens into Decentralised Applications (dApps). 

Consider incorporating your BRC-20 tokens into blockchain-based decentralized applications (dApps) to boost their usage and value: 

Finance Decentralised (DeFi): Allow your tokens to be used as collateral, staked for rewards, lent, and borrowed on DeFi platforms such as Uniswap, Aave, and Compound. 

Non-fungible Tokens (NFTs): Use your BRC-20 tokens as the underlying value to create digital collectibles, virtual goods, or in-game assets. 

DAOs: Use your tokens to enable governance and voting within decentralized organizations or communities. 

Step 10: Tracking the Performance of Your BRC-20 Tokens 

Consider using the following tools and resources to monitor the success of your BRC-20 tokens and make educated decisions: 

https://brc-20.io: Monitor the market value, trading volume, and market cap of your tokens on prominent cryptocurrency data aggregators on BRC-20. 

Ordspace.org: Examine your token's on-chain activity, such as transactions, holders, and token transfers. 

Dune Analytics: Create custom dashboards to visualize and analyze your token's statistics and trends. 

Bottom Line

Minting BRC-20 tokens on Unisat.io is a simple operation that can provide your digital assets with multiple potentials. You can easily create, manage, and trade BRC-20 tokens by following this step-by-step guide. To maximize their potential and worth, remember to market your tokens, incorporate them into dApps, and track their success. 

Once, Charles Hoskinson pledged to never talk about XRP Cryptocurrency or the related lawsuit discussion, but a year later he spoke about XRP.

XRP is a popular Proof-of-Stake (PoS) consensus-based cryptocurrency. In December 2020, Ripple, a San Francisco-based blockchain firm, faced a lawsuit by the United States Securities and Exchange Commission (SEC) over the sale of more than $1 billion worth of XRP. The SEC also declared XRP an unregistered security token. The legal dispute between the SEC and Ripple continues, and recently, the SEC filed an appeal against a court ruling, aiming to prove that XRP is an unregistered security.

https://t.co/Eac4kRlcrS#XRP lawsuit heats up again, the #SEC body files appeal against court ruling

— Bitcoinik (@Bitcoinikdotcom) October 4, 2024

Cardano founder on XRP lawsuit

In December 2022, Cardano founder Charles Hoskinson shared his opinion on the legal battle between the SEC and XRP. For those comments, he was heavily criticised by the XRP community. Following this backlash, Hoskinson decided not to speak about XRP Cryptocurrency under any circumstances.

https://t.co/dCyYVGwtmAI Don’t Know How To Interact With The #XRP Community, Says #CharlesHoskinson

— YOLO (@_YOLOmeme_io) December 18, 2022

However, in a surprising turn, the Cardano founder recently commented on the XRP lawsuit. In response to Ripple CTO Stuart Alderoty’s tweet regarding the latest development in the XRP case, Hoskinson mentioned that Alderoty might be ready to replace the Howey Test, which determines if an asset is a security, with a new “Ripple Test,” referring to Ripple’s ongoing legal battle with the SEC over XRP.

Stu, you ready to replace Howey with the Ripple Test 🙂

— Charles Hoskinson (@IOHK_Charles) October 3, 2024

Cardano price action

At the time of publication of this report, the trade price of Cardano’s native token ADA is $0.35, a 5% increase over the last 24 hours.

The current trade price of #Cardano ( $Ada) is $0.35 pic.twitter.com/B3jvhoqnkc

— Bitcoinik (@Bitcoinikdotcom) October 4, 2024

Read also: A Big Relief: WazirX Announces Full Fund Payouts Starting July 18, 2024, Ensuring Users Benefit Entirely from Bull Run Gains

Hong Kong, Hong Kong, October 4th, 2024, Chainwire

Moongate Protocol, an attention asset protocol disrupting the $1 trillion-plus attention economy, announces significant milestones in its expansion, the launch of its Moon Odyssey community points program, and the upcoming release of its first NFT collection, the Moongate Voyager Pass.

“Moongate Protocol is an attention asset protocol revolutionizing brand-consumer engagement,” says Jonathan Mui, Founder and CEO of Moongate.

Since securing a $2.7 million seed funding round earlier this year, Moongate has rapidly expanded its reach, growing the number of platform creators to over 3,500, who together have issued more than 4,500 smart token campaigns across over 40 countries. Many prominent global brands have adopted the protocol, including Binance, OKX, ComplexCon, TOKEN2049, and Wonderfruit. Overall, Moongate has facilitated over 20 million interactions among more than 1 million end-users.

Building on this momentum, Moongate recently took the on-chain questing phenomenon offline with its newly developed MoonQuest platform, which it unveiled through a partnership with TOKEN2049 Singapore, the world’s largest cryptocurrency conference. By designing interactive quests throughout the TOKEN2049 venue and utilizing smart tokens to reward attendees for their participation, Moongate delivered immersive and engaging experiences while introducing many Web2 users to Web3. The activation drew in over 1,500 participants who completed more than 6,000 quests over two days, demonstrating the effectiveness of smart tokens in large-scale events.

Users can learn more about Moongate’s funding success here.

Expected Token Generation Event and Earning Opportunities

Amidst its rapid growth, there are talks of an upcoming Token Generation Event slated in the coming months. While official details are yet to be announced, speculation suggests that the event could offer new avenues for users to engage with Moongate’s ecosystem.

In anticipation, Moongate has launched Moon Odyssey, a community points program where participants can earn points by completing social tasks and checking into the platform daily. These points will contribute to future rewards, potentially tied to the upcoming TGE. Adding to this excitement, Moongate is also introducing its first NFT collection—the Moongate Voyager Pass. The limited collection of 6,969 NFTs will offer various benefits, with a primary feature being a guaranteed airdrop. The Moongate Voyager Pass is set to launch on October 21 this year on the OKX NFT Launchpad. Official news regarding the launch is available on its website: https://app.moongate.id/quest.

About Moongate

Moongate is an attention asset protocol disrupting the $1T+ attention economy. The protocol consists of two key layers—a utility layer for brands to issue smart token campaigns for real-world engagement, and a data layer where such on-chain engagement data are monetized at scale by key stakeholders. Moongate aims to disintermediate centralized platforms to maximize brand-consumer value. It also introduces an innovative “engage-to-earn” mechanism that promotes active consumer participation for brand rewards and a share of $MGT emission.

To learn more users can visit Moongate’s Official Website | Twitter | LinkedIn

Contact

CEOJonathan MuiMoongatejon@moongate.id

WazirX has announced that users will receive all the remaining funds starting July 18, 2024. However, many WazirX customers noted that the company might be trying to keep some of its decisions hidden, potentially indicating a negative outcome for customers.

In the latest town hall discussion, WazirX leadership confirmed that they would distribute customer funds from July 18, 2024. They also stated that they would not keep the gains from cryptocurrencies due to the market pump. In short, the money will go to WazirX customers only.

WazirX has announced that users will receive all the remaining funds from July 18th 2024. WazirX will not keep any gains from bull run. This is a big relief.

— Justice for WazirX Users (@IndiasCrypto) October 4, 2024

Later, some WazirX users noted that the WazirX team made the video private on the X platform.

You can't see WazirX today's townhall video on youtube where they announced that users would keep the bull run gains, not them, after we posted on X.Did anyone download it for proof?

— Justice for WazirX Users (@IndiasCrypto) October 4, 2024

However, a Crypto X user successfully managed to retrieve an important portion of the video where they discussed this matter.

WazirX walo kar lo ab video private. pic.twitter.com/TlLTwwV0Kn

— Justice for WazirX Users (@IndiasCrypto) October 4, 2024

This Crypto X user suggested that WazirX might never allow crypto withdrawals, as it could lead to the platform’s downfall. They explained that if WazirX allowed users to sell their Bitcoin after a restructuring plan, a mass sell-off could crash the price on the platform, even if global prices remained high. As a result, many users would hold onto their BTC to avoid selling at a loss, effectively keeping users tied to the platform until prices stabilise.

WazirX will never allow crypto withdrawals else WazirX will die. And here's why we won’t be leaving WazirX anytime soon.Imagine WazirX gives us our BTC back after a restructuring plan, but still doesn’t allow crypto withdrawals. What’s the first thing we’d all do? We’d try to…

— Justice for WazirX Users (@IndiasCrypto) October 4, 2024

These issues are creating significant concerns among WazirX customers. On one hand, customers are happy with the decisions regarding fund payouts, but on the other hand, WazirX leadership is treating these decisions cautiously. In short, there seems to be some conflict or lack of communication, or perhaps these statements were made to garner customer support only.

Read also: Kraken Secures Regulatory Green Light in Bermuda to Launch Crypto Derivatives Trading

Kraken crypto exchange secured a new level of regulatory approval in the jurisdiction of Bermuda to provide crypto derivative services.

Kraken, a popular US-based cryptocurrency exchange founded in 2011, offers a wide range of digital assets like Bitcoin, Ethereum, and altcoins. Known for its strong security and advanced trading features, Kraken serves both individual and institutional investors.

On 3 Oct 2024, Kraken unveiled its new global derivatives venue in Bermuda, as it prepares to open up a fast-expanding part of the space to clients looking for a properly licensed venue in a sophisticated, internationally respected jurisdiction.

Kraken Launches Regulated Derivatives Venue in Bermuda https://t.co/k67eBedsZr pic.twitter.com/WN45DblhrW

— Latest News from Business Wire (@NewsFromBW) October 3, 2024

Kraken will now allow clients to trade over 200 different contracts for crypto derivatives in a regulated environment.

In an interview with popular crypto news media, Alexia Theodorou of Kraken Derivatives said that Kraken received a licence from the Bermuda Monetary Authority (BMA).

That Kraken official said, “The BMA has demonstrated that it is committed to fostering innovation. Its licensing process is rigorous yet fair, and both protects consumers and ensures businesses operate with transparency and integrity: something Kraken is fully aligned with.”

Kraken vs SEC

Although this crypto exchange is known for its compliant crypto trading services, it still paid $30 million in a settlement with the United States Securities and Exchange Commission (SEC) and agreed to shut down crypto staking operations in the country in February 2023, as the SEC argued that high-yield crypto reward services violated the Securities Act.

Later in 2023, the SEC charged Kraken with “operating a crypto trading platform as an unregistered securities exchange, broker, dealer, and clearing agency.” The case is currently in court, and it is expected that there will be a significant delay in reaching a final resolution, as many crypto companies face similar legal challenges from the SEC.

We charged Payward Inc. and Payward Ventures Inc., together known as Kraken, with operating Kraken’s crypto trading platform as an unregistered securities exchange, broker, dealer, and clearing agency.

— U.S. Securities and Exchange Commission (@SECGov) November 21, 2023

Read also: HBO Set to Uncover the True Identity of Bitcoin Creator Satoshi Nakamoto in Exclusive Documentary!

The upcoming documentary by HBO aims to discover the true identity of Bitcoin creator Satoshi Nakamoto.

HBO has shown a growing interest in cryptocurrency-related topics, reflecting the increasing relevance of digital currencies in mainstream culture. The media network is currently planning a documentary to uncover the identity of Bitcoin’s enigmatic creator, Satoshi Nakamoto.

The documentary, entitled “Money Electric: The Bitcoin Mystery” and out next Wednesday, Oct. 9, was created by Cullen Hoback, the director of “Q: Into the Storm,” the docu-series that exposed those behind the QAnon conspiracy theory. The trailer was released on Thursday.

What the trailer of HBO documentary on "Satoshi Nakamoto"Spoiler: They don't know who is Satoshi Nakamoto https://t.co/d641BesfSA

— Bitcoinik (@Bitcoinikdotcom) October 4, 2024

This move highlights HBO’s commitment to exploring significant developments in the crypto space and engaging its audience with compelling narratives that delve into the complexities of the cryptocurrency revolution. By focusing on influential figures and events within the industry, HBO aims to provide insightful content that resonates with viewers intrigued by the digital economy.

Many Bitcoin enthusiasts noted that this upcoming documentary is only about the history of Satoshi Nakamoto and people who digitally worked with Nakamoto, but it is not going to uncover the person or identity behind the Bitcoin creator.

It is worth noting that Bitcoin creator Nakamoto currently holds 1.1 million bitcoin, currently worth about $67 billion at the current trade price of BTC. However Bitcoin creator disappeared from online presence in 2010 but people believe that he is alive & living a normal life as a Bitcoin or crypto enthusiast.

Here people need to know that here It is not surprising that Bitcoin or crypto-related topics are being covered by high-profile media production networks. Earlier, many other top OTT platforms covered documentaries and short films on infamous crypto incidents.

Bitcoin price action

The current trade price of Bitcoin is $60,598, and this trade price is 7% down over the last 7-day period. It is expected that no further downfall may take place because currently, we are in October, a month known for bullish sentiments and rallies in the trade price of cryptocurrencies.

The current trade price of #Bitcoin is $60,584 pic.twitter.com/E0mwaromst

— Bitcoinik (@Bitcoinikdotcom) October 4, 2024

Read also: OKX Exchange to Support PayPal’s PYUSD Stablecoin, Visa Eyes Entry into Stablecoin Market

The American securities regulatory body appealed in the XRP lawsuit to prove XRP coin is an unregistered security token.

Since Dec 2020, Ripple & the United States Securities and Exchange Commission (SEC) have been in a legal fight. The SEC argued that Ripple executives misused the XRP cryptocurrency for payment services and called XRP an unregistered security token. However, in July 2023, the court ruled that XRP was not a security token.

This case was almost over, and most people thought the SEC would not object to the court’s ruling, as they had repeatedly failed in legal battles against crypto companies under traditional rules & laws that don’t apply to cryptocurrencies.

https://t.co/CsVVyMqF0x#XRP Coin Jumps 30% Following #Ripple’s Successful Win in Lawsuit Against the #SEC

— Bitcoinik (@Bitcoinikdotcom) August 7, 2024

In a surprising turn, the US SEC filed an appeal against the court judge’s ruling on XRP’s nature, aiming to prove that XRP was always a security token.

#XRPCommunity #SECGov v. #Ripple #XRP BREAKING: The @SECGov has filed a Notice of Appeal of Judge Torres’s Ruling. pic.twitter.com/j8bLIZQ5LT

— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) October 2, 2024

Ripple’s chief legal officer Stuart Alderoty said that the SEC’s appeal in this case is highly disappointing but unsurprising. He also mentioned that the SEC’s decision to challenge the court ruling is a bad move that goes against the crypto sector. Alderoty noted that the SEC’s Enforcement Director announced his resignation just an hour before the appeal was filed, somthing similar to resignation of former SEC chairman just before the lawsuit against Ripple in Dec 2020.

(1) The SEC's decision to appeal is disappointing, but not surprising. This just prolongs what's already a complete embarrassment for the agency. The Court already rejected the SEC’s suggestion that Ripple acted recklessly, and there were no allegations of fraud and, of course,… https://t.co/PQozMMtthf

— Stuart Alderoty (@s_alderoty) October 2, 2024

Ripple CEO criticized the US SEC for continuing the legal battle over XRP’s status, stating that the SEC’s actions have damaged its credibility rather than protecting investors. He emphasized that Ripple, the crypto industry, and the rule of law have already prevailed, and XRP’s status as a non-security remains unchanged despite the SEC’s misguided appeal. He also highlighted the SEC’s previous failed attempt to challenge XRP’s classification.

If Gensler and the SEC were rational, they would have moved on from this case long ago. It certainly hasn’t protected investors and instead has damaged the credibility and reputation of the SEC.Somehow, they still haven't gotten the message: they lost on everything that… https://t.co/1hW7xVSL9b

— Brad Garlinghouse (@bgarlinghouse) October 2, 2024

Read also: Ethereum FUD returns as ICO whale offloads another $47M

The panic among Ethereum coin investors has surged again, despite bullish sentiments supporting the price pump.

Ethereum is the second-ranked crypto blockchain network, known for its highly decentralised structure. Initially launched as a Proof-of-Work (PoW) network, Ethereum transitioned to Proof-of-Stake (PoS) in 2022, unlocking multiple new features for the blockchain.

On October 3, 2024, a whale crypto transaction tracker platform, Lookonchain, noted that an Ethereum ICO participant had been rapidly offloading the asset over the past 7 days.

This #Ethereum ICO participant sold another 19,000 $ETH($47.54M) in the past 2 days!The participant received 150K $ETH(ICO cost was $46.5K, now worth $358M) at #GENESIS.https://t.co/WbaTNzh5T4 pic.twitter.com/p82RcPRYMd

— Lookonchain (@lookonchain) October 3, 2024

This Ethereum whale has sold 19,000 ETH, worth around $47.5 million, in just the last couple of days.

Selling by the previously dormant entity began in late September when more than 12,000 ETH, worth $31.6 million at the time, was sent to the Kraken exchange.

According to Lookonchain, this big ETH holder obtained 150,000 ETH during the ICO in mid-2014. The stash, initially worth around $46,500, is now valued at almost $400 million. On the other hand, some experts noted that institutional investors are willing to gain some better profit, because the nine spot Ether ETFs recorded an inflow of almost $15 million on Oct. 2, driven primarily by BlackRock.

On October 2, the total net outflow of Bitcoin spot ETF was $91.7633m, Grayscale ETF GBTC outflow was $27.3131m, ARKB outflow was $60.28m, and Fidelity ETF FBTC inflow was $21.0812m. Ethereum spot ETF had a net inflow of $14.4499 million, and BlackRock ETF ETHA had an inflow of…

— Wu Blockchain (@WuBlockchain) October 3, 2024

Impact on Ethereum Trade Price

The month of October started with Ethereum trading at $2,600, but it has now dropped to around $2,350. This means that in just four days, the price of ETH has plunged by more than 10%.

The current trade price of #Ethereum is $2,350 pic.twitter.com/pS4Je6taVY

— Bitcoinik (@Bitcoinikdotcom) October 3, 2024

The rapid sale of a large stash of Ethereum by big players and the crashing price is causing high levels of panic among the Crypto investors. It is expected that the price of ETH could face further correction if this or similar whales continue selling ETH at this rate.

Read also: Bitwise Files for First-Ever XRP ETF, But XRP Price Plummets 12% Following Announcement

Bitwise Investment filed an application for an XRP ETF product with the American securities regulatory body.

Bitwise Investments is a San Francisco-based investment management firm founded in 2017 by Hunter Horsley, a former Facebook and Instagram product manager, and Hong Kim, a Google veteran and former Korean military software security expert.

On 2 Oct 2024, Bitwise Investment filed an application with the United States Securities and Exchange Commission (SEC) for an XRP ETF fund.

After the trust was registered in Delaware yesterday, @BitwiseInvest just officially filed for their XRP ETF with the SEC. pic.twitter.com/im9GzFWX55

— James Seyffart (@JSeyff) October 2, 2024

ETF Store president Nate Geraci also shared his opinion on this latest development around XRP Cryptocurrency. He emphasised the significance of Bitwise’s decision to file for an XRP ETF, viewing it as a strategic move rather than a hasty action. Despite the current market downturn, with XRP’s price drop, he believes this is a long-term play, potentially influenced by the upcoming November election. Bitwise, known for its credibility, is positioning itself early in the XRP ETF space. He suggests that while short-term politics may impact the market, an XRP ETF is inevitable, with Bitwise planning a longer-term strategy that could lead to full tokenization in the future.

Point being that XRP ETF prob coming at some point…Bitwise just early.Politics clearly matter here in short-term, but I think this is all inevitable over time.IMO, Bitwise longer-term roadmap is to offer this in an ETF wrapper.Next step will be full tokenization. pic.twitter.com/xQUD1wfiAm

— Nate Geraci (@NateGeraci) October 2, 2024

XRP price action

The current trade price of XRP coin, the native token of the XRPL blockchain network, is $0.51, and this price is 12% down over the last 24-hour period.

The current trade price of $XRP is $0.516 pic.twitter.com/EHDEoaucLx

— Bitcoinik (@Bitcoinikdotcom) October 3, 2024

This downfall in the trade price of XRP coin is very strange because, on one side, this Cryptocurrency is gaining high-level support among big players, and on the other side, legal clarity about the nature of this Cryptocurrency is a very significant thing for XRP, making it the best choice for long-term investors.

Read also: Crypto Community Claims WazirX Invented a Fake 10-Member Creditors Committee

A Crypto X user alleged that the WazirX leadership chose 10 members for the WazirX committee, but they selected members who are close to them.

As we know, the popular Indian crypto exchange WazirX is currently struggling financially, as the exchange lost $235 million worth of cryptocurrencies in a hack incident. Just a few days ago, WazirX secured regulatory approval for the moratorium application, in order to get more time and legal protection from customers’ lawsuit actions.

Recently we reported that WazirX CEO Nischal Shetty announced his plan to establish a committee of WazirX creditors to support the voice of each WazirX customer facing financial loss because of the current situation of the exchange.

https://t.co/V2JDPlz8GyWow! WazirX’s Nischal Announces a Committee to Support the Voice of Every #WazirX Customer

— Bitcoinik (@Bitcoinikdotcom) October 1, 2024

Today, the WazirX leadership announced that they selected 10 random WazirX creditors as part of the WazirX committee and confirmed that they would not disclose any information related to the selected customers.

A Crypto X user, dedicated to representing WazirX customers against the WazirX hack incident and the monopoly of WazirX leadership, claimed that the company invented a fake 10-member creditors committee. Instead, WazirX should’ve picked popular Indian crypto influencers like Aditya Singh, Mr. Chitale, Mr. Alwin, @TheWeb3CA, Mr. Shiva, Mr. Vivek, Mr. Jaivir, and others to represent the creditors.

Instead of inventing a fake 10 member creditors committee, #WazirX should’ve just picked @CryptooAdy , Mr. Chitale, Mr. Alwin, @TheWeb3CA , Mr. Shiva, Mr. Vivek, Mr. Jaivir and many more to represent the creditors.

— Justice for WazirX Users (@IndiasCrypto) October 3, 2024

This Crypto X user already claimed that the chances for better people to get selected as committee members were zero.

Our chance of being selected for the WazirX creditors committee is ZERO10 member committee will be formed by randomly selecting from 43 Lakhs users, based on both count and value.

— Justice for WazirX Users (@IndiasCrypto) October 3, 2024

Based on available information, the crypto X user noted that 5.5 lakh WazirX customers, not millions of people, were responsible for 92% of customer funds. This is the reason why Indian government agencies are delaying their actions on the WazirX crypto exchange matter.

WazirX official data reveals that just 5.5 lakh users hold 92% of total funds. The real reason the govt and media aren’t interested? There aren't 1.5 crore users!

— Justice for WazirX Users (@IndiasCrypto) October 3, 2024

Read also: Beware of Fake Cardano Upgrade Scams: Cardano Scam Alert

Recently, some bad actors, potentially scammers, have been targeting ADA coin investors using the name of “Cardano Post-Chang Hard Fork Upgrade.”

Cardano is a popular Proof-of-Stake (PoS) crypto network, known for stable crypto transactions. The project team behind Cardano focuses on practical, use-case-oriented blockchain development rather than following any trend or hype.

Chang Hardfork

In September of this year, the Cardano blockchain underwent an important upgrade called the Chang Fork. The upgrade was aimed at unlocking the most advanced governance system in the history of the cryptocurrency industry under the Cardano blockchain ecosystem.

https://t.co/lyrnGspxkE#Cardano’s Historic #Chang Hard Fork Goes Live: A New Era of #Decentralised Governance Begins

— Bitcoinik (@Bitcoinikdotcom) September 2, 2024

Cardano Chang Hardfork Scam

Following the completion of the Chang Hardfork, many big ADA coin holders, the native token of the Cardano blockchain network, received emails from unknown scammers regarding the Chang Hardfork.

Reportedly, the scammers asked ADA coin holders to migrate to a new token, falsely claiming it was required to continue using the Cardano ecosystem.

The scam email sent by these scammers included a suspicious link to an unknown website, where users were prompted to begin the fake migration process. Once on the site, they were instructed to connect their wallets for a “smooth transition,” which was a thinly veiled attempt to gain unauthorised access to their funds.

To pressure the target, scammers introduced a sense of urgency, warning that the token migration window was open for only 30 days, after which unmigrated ADA would no longer be supported.

Scam Alert. Got this via email. If you get this do not click, do not go to the website. ADA does not need a migration. spread the word. pic.twitter.com/R3NUTcfaEm

— PoolTool (ticker:LOVE) (@Pooltoolio) October 3, 2024

Another Crypto X account, belonging to the token distribution platform DripDropz, confirmed to the community that there were no changes to the ADA token and strictly advised people not to interact with the fraudulent email.

🚨Big AlertDripDropz staff just received this email. It is a scam. This is 1000% illegitimate. Do not interact with this email. #Cardano is NOT changing ANYTHING about $ADA. pic.twitter.com/tkD0QMo5Qa

— 💧DripDropz (@DripDropz_io) October 2, 2024

Read also: Tron Network Surpasses Bitcoin and Ethereum with Record $577 Million in Q3 Revenue!

Tron blockchain network surprised all the leading crypto blockchain networks with its revenue report.

Tron ($TRX) is a popular Proof-of-Stake (PoS) crypto network known for better scalability and high network speed to process transactions. Currently, thousands of crypto tokens are running on the Tron blockchain network, but only a dozen tokens are popularly in use.

As per the latest available data on Tronscan, Tron brought in $577.2 million worth of revenue in Q3, with 74% of its revenue coming from staking while 26% came from burning.

Tron founder Justin Sun said that TronDao leaders are more confident with this increase in revenue and expect more rapid growth in the upcoming quarter.

The revenue data for TRON Q3 has been released. The total revenue for Q3 is $577 million, the highest since the inception of the protocol, representing a 43% increase compared to Q2. We are confident that Q4 will see even more growth compared to Q3! https://t.co/EZR1lAvhnA pic.twitter.com/IYEaDWrhBo

— H.E. Justin Sun🌞(hiring) (@justinsuntron) October 2, 2024

It is worth noting that TronDao’s latest revenue is 2 times more than the Ethereum (ETH) blockchain, and five times more than Solana (SOL).

Over the past 90 days, @trondao generated an impressive $567M in fees, outpacing other blockchains. Here's a closer look:– 2x more than $ETH ($253M)– 5x more than $SOL ($105M)– 9x more than $BTC ($57M) pic.twitter.com/fNp3YFYYO8

— Satoshi Club (@esatoshiclub) October 1, 2024

Meme Token Trend

As we know, the majority of meme tokens are gaining huge attention among crypto investors, and many crypto projects are adopting meme trends to gain popularity quickly.

Tronscan has just launched the data dashboard for @sunpumpmeme , and now you can easily see the most popular meme tokens on Sunpump along with related information. https://t.co/O1khfDOuon pic.twitter.com/9AQauhHqQp

— H.E. Justin Sun🌞(hiring) (@justinsuntron) September 6, 2024

Justin Sun took this trend seriously and launched his SunPump Meme Coin Launchpad. SunPump has captured the attention of degen traders.

Notably, in the last 24 hours, more than 13,000 tokens were launched via this launchpad.

TRX Price Action

The current trade price of $TRX coin is $0.15, and this price is 22% higher over the last 3 months. Notably, the latest news around TronDao’s revenue report failed to have a significant impact on the trade price of the TRX coin.

#Tron coin pic.twitter.com/PkyAkfdRwN

— Bitcoinik (@Bitcoinikdotcom) October 3, 2024

Read also: Bitcoin Spot ETFs Market See $243M Net Outflow, More Outflow Coming?

Zug, Switzerland, October 2nd, 2024, Chainwire

Poland’s second-largest bank, Pekao S.A., used the Aleph Zero L1 blockchain to tokenize and preserve internationally renowned Polish artworks.

Bank Pekao, Aleph Zero, and Degen House are proud to announce the launch of Archiv3, a project to tokenize and preserve Polish cultural heritage on the Aleph Zero blockchain, with digital reproductions securely stored in the Arctic World Archive (AWA). This initiative combines blockchain technology with a commitment to cultural preservation, ensuring the safekeeping of Poland’s artistic legacy for future generations.

With Archiv3, Bank Pekao becomes the first universal bank to tokenize historical art specifically for preservation purposes. This initiative follows the bank’s earlier “Unique” project, marking its role in integrating blockchain technology with traditional banking. It also highlights the bank’s ongoing commitment to modernizing its services and expanding the reach of digital assets. Notably, Archiv3 is the first project to tokenize artworks for long-term storage in the Arctic World Archive, known as the “Doomsday Library.” In its press release, Bank Pekao pointed out that the deciding factor in using the Aleph Zero blockchain has been not only its speed and security but also its attention to optimizing for a low carbon footprint and its carbon offset program.

“We have chosen Aleph Zero for their privacy-focused, top-class technology combined with sound experience in cooperation with large institutions,” says Michał Walęczak, Director of the Private Banking Strategy and Development Department at Bank Pekao S.A. “Minimal carbon footprint as well as low storage costs were also important factors in our decision-making process. Tokenization of art requires modern and flexible technology, unforced creativity and some out-of-the-box thinking; these features we were happy to find in co-operation with Aleph Zero.”

ARCHIV3 involves the meticulous digitization of masterpieces from iconic Polish artists, such as Jan Matejko, Stanisław Wyspiański, Wojciech Kossak, and others, facilitated by Degen House, the bank’s technological partner, who also managed the Aleph Zero integration. The process began with the creation of high-quality, museum-grade 3D scans using ultra-sensitive cameras, which capture every detail of the original artworks. These digital replicas were then minted as NFTs on the eco-friendly Aleph Zero blockchain, which ensures minimal carbon footprint during the process. The tokenized versions are subsequently archived in the Arctic World Archive, where they are expected to remain secure for at least 1,000 years.

The artworks in the Archiv3 collection span a range of historical periods, primarily featuring 19th-century works and select modern pieces, such as those by contemporary artist Lia Kimura. This initiative aims to preserve these treasures not only for their cultural and historical significance but also as a resource for future study, conservation, and potential virtual exhibitions.

Preserving Art for Future Generations

The Arctic World Archive, located on the remote Svalbard archipelago, serves as a highly secure data vault designed to protect invaluable cultural, historical, and scientific information from natural disasters, cyber threats, and other risks. Established in 2017, the archive uses advanced storage technology to ensure data longevity without the need for electricity or human intervention, making it one of the safest places in the world for preserving irreplaceable records.

The AWA already houses manuscripts from the Vatican Library, documentation from UNESCO and UNICEF, the entire GitHub code repository, as well as literary works by Nobel Prize laureates Olga Tokarczuk and Wisława Szymborska. Bank Pekao is the first financial institution to archive culturally significant artworks at the AWA, while doing the same using decentralized storage, setting a precedent for how blockchain technology can be used to bridge traditional art with new digital solutions.

For any enquiries about this release, please contact josh@serotonin.co 

About Aleph Zero

Aleph Zero is a privacy-first ecosystem of blockchain solutions that are engineered for speed, data confidentiality, and ease of development. It achieves efficiencies akin to conventional web2 systems, upholds rigorous standards for data protection via zero knowledge proofs, and offers a comprehensive toolset for development across web3 that ranges from WASM-based Rust to EVM-based Solidity environments. Aleph Zero’s versatility is highlighted by over 40 use cases being actively developed, showcasing its adaptability across various sectors and applications. These use cases are part of an engaged community and growing ecosystem of web3 applications that are supported by Aleph Zero ecosystem development programs.

For more information, users can visit https://alephzero.org/ 

About Bank Pekao S.A. 

Bank Pekao S.A., founded in 1929, is one of the largest financial institutions in the Central and Eastern European region and the second-largest universal bank in Poland with assets of 316 billion PLN. With the second largest branch network, Bank Pekao serves 6.9 million customers. As a leading corporate bank in Poland, it serves every second corporation in Poland. Its status as a universal bank is based on its leading market position in private banking, asset management, and brokerage activities. Bank Pekao’s diversified business profile is supported by a leading market balance sheet and risk profile reflected in the lowest risk costs, strong capital ratios, and resilience to macroeconomic conditions (Pekao proved to be the most resilient bank in Europe, ranking first in the stress tests conducted by the EBA in 2023 amongst 70 banks). Since 1998, Bank Pekao has been listed on the Warsaw Stock Exchange and participates in several local (including WIG 20 and WIG) and international indices (including MSCI EM, Stoxx Europe 600, and FTSE Developed). Pekao is one of the most dividend-paying listed companies in Poland over the past 10 years, paying out a total of approx. 20 billion PLN over a decade.

About Degen House

Degen House is a full-stack blockchain solutions provider with a proven track record of collaborations spanning major CEE banks and top global blockchain ecosystems. The company offers comprehensive end-to-end solutions, from strategic consulting and product development to targeted marketing and sales.

Contact

PR ManagerJosh AdamsAleph Zerojosh@serotonin.co

Frankfurt, Germany, October 2nd, 2024, Chainwire

Mpeppe (MPEPE), a cryptocurrency project merging online gaming and decentralized finance (DeFi), has reached a significant milestone with its presale exceeding the $3 million mark. Alongside this achievement, Mpeppe (MPEPE) has launched an exciting new gaming platform on Telegram, offering users a fun and interactive experience while earning rewards. With the Mpeppe Casino on the horizon and the MPEPE30 promo code for early participants, Mpeppe (MPEPE) is aiming to establish a presence in the online gaming and cryptocurrency space.

Mpeppe (MPEPE) Achieves $3 Million Presale Milestone

The Mpeppe (MPEPE) presale has now surpassed $3 million, marking a significant achievement for the project. Mpeppe (MPEPE) sees this milestone as a reflection of growing investor confidence and excitement surrounding Mpeppe (MPEPE)’s innovative approach to online gaming and decentralized finance (DeFi). The success of the presale signals strong community support and positions Mpeppe (MPEPE) for further development and growth as the project moves toward launching its much-anticipated gaming and casino platforms.

Mpeppe (MPEPE) Releases New Gaming Platform on Telegram

Mpeppe (MPEPE) has also launched a new gaming platform integrated with Telegram, providing users with a decentralized application (DApp) to participate in games while earning Mpeppe tokens as rewards. The platform’s accessible design allows users to engage directly with the ecosystem. To incentivize early participants, the MPEPE30 promo code is now live, offering a 30% bonus on token purchases for a limited time.

Mpeppe Casino: Revolutionizing the Crypto Gaming Industry

Mpeppe (MPEPE) is preparing to introduce the Mpeppe Casino, a blockchain-powered gaming platform that will enable users to wager using MPEPE tokens. Mpeppe (MPEPE) has combined the viral appeal of meme culture with the growing popularity of cryptocurrencies in online gambling, creating a unique and engaging casino experience. The platform will offer the chance to win instant rewards, enabling players to enjoy timely payouts and reduced transaction fees through the use of blockchain technology. With Mpeppe (MPEPE), players will experience enhanced privacy, security, and a frictionless gambling experience.

30% Bonus Promo for Early Participants

To celebrate the launch of the new Telegram gaming platform, Mpeppe (MPEPE) has introduced the $MPEPE30 promo code, which offers users a 30% bonus on their tokens when they join early. This promo code is designed to reward early participants and encourage engagement within the Mpeppe (MPEPE) community.By utilizing the $MPEPE30 bonus, users have the opportunity to increase their holdings and earning potential as they engage with the platform.

Mpeppe (MPEPE): Meme Power and Blockchain Driving Gaming Revolution

With the presale hitting $3 million, the release of the new Telegram gaming platform, and the upcoming launch of the Mpeppe Casino, the Mpeppe (MPEPE) team aims to make a significant impact in the online gaming and cryptocurrency space. The viral influence of meme culture, combined with the advantages of blockchain technology, has positioned Mpeppe (MPEPE) as a project to watch.

About Mpeppe (MPEPE)

Mpeppe (MPEPE) combines elements of cryptocurrency, decentralized finance, and online gaming to offer a unique platform for users. By integrating blockchain technology into its gaming services, Mpeppe seeks to create secure, efficient, and rewarding experiences for its users.

For more information on the Mpeppe (MPEPE) Presale users can visit Mpeppe (MPEPE)

Users can join and become a community member: 

https://t.me/mpeppecoin

https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ

Mpeppe (MPEPE) is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

Contact

Pepe GuardiolaSupport@mpeppe.io

Cayman Islands, Grand Cayman, October 2nd, 2024, Chainwire

The Nibiru Foundation launches Nibiru Ventures, a strategic venture arm dedicated to supporting blockchain projects building natively in the Nibiru ecosystem. Through funding and guidance, Nibiru Ventures will cultivate the next generation of builders and help bring their application visions to market.

Product and operational support are vital, but capital introductions and commitments have emerged as the most commonly requested resources from founders building applications. Whether targeting multi-chain expansion or building exclusively on Nibiru, product integration comes with costs in the form of developer time and salaries spent.

“Nibiru Ventures was created to overcome the challenges faced by ecosystem dApp founders and expand the scope of the services that Nibiru provides, offering upfront funding and broad support to accelerate their journey,” says Nibiru Chain COO Jonathan Chang.

Chang emphasized that Nibiru Ventures hopes to mitigate the upfront risk associated with integrating an application to a new chain while ensuring alignment with Nibiru, and without enforcing chain exclusivity. On top of this, the team offers guidance on entity formation, pitching, fundraising, go-to-market strategy and technical assistance.

Nibiru Ventures Investment Strategy

Ideas are abundant in the Web3 space, but the path to widespread adoption requires applications that deliver tangible utility. Nibiru Ventures is focused on supporting consumer-facing applications that naturally drive meaningful interest and engagement, in contrast to more esoteric infrastructure projects.

Typical investments focus on pre-seed and seed-stage rounds and priority is given to those with shorter time-to-market. Key areas of focus include pioneering models of decentralized exchanges (DEXs), lending, derivatives, and vaults for structured products.

“For Nibiru Ventures, these sectors are considered particularly promising due to their alignment with patterns of historical adoption, parallels to successes in Web2, and a solid base of existing technology to build upon,” explains Nibiru co-founder, Unique Divine.

To date, one of Nibiru Ventures’ significant investments was made in LayerBank, a decentralized multi-chain lending platform looking to become a liquidity hub across EVM-compatible Layer 2 and rollup chains. With $675+ million USD in total value locked (TVL) and growth potential, LayerBank will introduce cross-chain lending functionality in Q4 2024. This innovation will consolidate fragmented liquidity across various Layer 2s into a unified liquidity pool.

To learn more about the application process for Nibiru Ventures and to apply for funding, readers can visit the application form. By applying, projects gain the opportunity to join a carefully curated portfolio. Nibiru Ventures seeks to partner with forward-thinking founders and teams to drive positive growth in Web3.

About Nibiru

Nibiru Chain is a smart contract ecosystem with a high-performance, EVM-equivalent execution layer (Nibiru EVM). The Nibiru blockchain is engineered to meet the growing demand for versatile, scalable, and easy-to-use Web3 applications. Having secured $20.5 million in strategic and seed funding rounds, Nibiru is backed by investors, including NGC Ventures, HashKey Capital, Kraken Ventures, and Tribe Capital.

Contact

Nibiru Chainmedia@nibiru.org

The sudden outflow of huge amounts of capital from the Bitcoin spot ETF market raised many questions over the potential start of real gigantic bull sentiments in October.

On 1 Oct 2024, the Bitcoin market faced a significant capital outflow from Bitcoin spot ETFs. On this day, the market saw a total net outflow of $243 million. This marks the first net outflow after eight days of continuous inflows. Fidelity’s FBTC led the outflows with $144 million, followed by ARK’s ARKB, which saw $84.35 million in withdrawals. On the contrary, BlackRock’s ETF IBIT recorded an inflow of $40.835 million, indicating some investor optimism despite the overall negative trend.

On October 1, the total net outflow of Bitcoin spot ETFs was $243 million, the first net outflow after the net inflow in the past 8 days. Fidelity FBTC outflowed $144 million, ARKB outflowed $84.35 million. BlackRock ETF IBIT inflow of $40.835 million. https://t.co/59u0BnEqLG

— Wu Blockchain (@WuBlockchain) October 2, 2024

On the same day, the Ethereum spot ETF market witnessed a net outflow of $48.519 million. ETHE and FETH faced outflows of $26.64 million and $24.97 million, respectively.

Due to this sudden outflow of money from the market, Bitcoin’s trade price crashed from the $64.5k level to $60.2k level. That means Bitcoin’s trade price collapsed by nearly 5% within 24 hours, raising big questions over the current bull sentiments.

The current trade price of #Bitcoin is $62,133. Opportunity to enjoy Uptober pic.twitter.com/etFWWklQgR

— Bitcoinik (@Bitcoinikdotcom) October 1, 2024

During the same time period, Ethereum (ETH), the second top-ranked cryptocurrency, saw its trade price crash by nearly 7%. The current trade price of ETH is $2,480, down 6.2% over the last 24 hours.

The current trade price of #Ethereum is $2,480 pic.twitter.com/byBSwU7kmU

— Bitcoinik (@Bitcoinikdotcom) October 2, 2024

Despite this downturn, many analysts shared their opinions, stating that the decline is temporary and that a big rally in Bitcoin’s price will soon be visible. Historically, when Bitcoin’s trade price increased in September, the market gained bullish momentum in October.

#Bitcoin Uptober and Green Q4 Incoming 🚀Historically, when #BTC closes a green September, it kicks off Uptober and a green Q4.I don’t make the rules. pic.twitter.com/X8Fi2KXpaB

— Titan of Crypto (@Washigorira) October 1, 2024

Read also: Former NSA Agent Snowden Calls Solana (SOL) a Centralised Crypto Network

Edward Snowden openly expressed his objection to the centralised nature of the Solana blockchain network.

Edward Snowden, a former NSA whistleblower, is a strong advocate for privacy and decentralisation. He supports cryptocurrencies like Bitcoin but has raised concerns about its lack of privacy features. Snowden favours privacy-focused coins such as Zcash, emphasising the need for anonymity in financial transactions to protect individual freedom.

On 1 Oct 2024, Snowden criticised the Solana blockchain network, calling it a centralised system that is vulnerable to manipulation by nation-states and bad actors. The former NSA agent noted, “Solana is taking good ideas and going, ‘What if we just centralised everything? It’ll be faster, more efficient, cheaper, and yeah, nobody is using it except for meme coins and scams.'”

"Solana is centralized" @Snowden #Solana pic.twitter.com/AwdIcYbp6Y

— St₳ke with Pride 🌈 SPO & DRep (@StakeWithPride) October 1, 2024

Previously, several crypto advocates had also raised concerns about Solana’s centralised structure. Four years ago, even Solana’s co-founder admitted that they prioritised efficiency and scalability over decentralisation.

Ten days ago, a prominent Cardano supporter on X provided evidence to further highlight Solana’s centralization. The user noted that 73% (1100+) of Solana validators are KYC and AML compliant. Additionally, the Solana Foundation’s automation tool, Stake-o-matic, subsidises validators as long as they follow set rules, making Solana resemble a bank more than a blockchain.

73% (1100+) of Solana validators are KYC + AML.Stake-o-matic is the Solana Foundation automation that auto-subsidizes validators as long as they follow the rules.Feels more like a bank than a blockchain. #Solana pic.twitter.com/rz6h7Dq99z

— St₳ke with Pride 🌈 SPO & DRep (@StakeWithPride) August 20, 2024

Solana Price Action

The trade price of Solana’s native token, SOL, is $148, marking a 15.5% increase over the last 30-day period.

#Solana current trade price is $148.5 pic.twitter.com/3CADviKpWP

— Bitcoinik (@Bitcoinikdotcom) October 2, 2024

Edward Snowden’s latest statement is likely to cause a significant decline in investor confidence in Solana. So far, no response has been made public by any Solana project leader regarding his remarks.

Read also: Bitcoin’s 4% Drop Kicks Off ‘Crypto Uptober’—Experts Predict a Massive Bull Run Ahead!

The current trade price of Bitcoin (BTC) is $62,151, which is more than 3.5% down as the price dropped from $64.5k.

The current trade price of #Bitcoin is $62,133. Opportunity to enjoy Uptober pic.twitter.com/etFWWklQgR

— Bitcoinik (@Bitcoinikdotcom) October 1, 2024

In September of this year, Bitcoin’s trade price fluctuated between $52k and $66.5k. After the significant dump in September, many Bitcoin investors saw it as an opportunity to accumulate Bitcoin at a discounted price, anticipating a rally in October.

https://t.co/qZRj8psULj#Bitcoin (BTC) Braces for #September Slump: History Suggests Prices Could Plunge to $55,000

— Bitcoinik (@Bitcoinikdotcom) September 2, 2024

Now that October has started, Bitcoin’s price has seen a significant drop, contrary to expectations. Despite this market volatility, most investors remain optimistic and expect the price to reach at least $70k this month.

Bitcoin September close: $63.3028th month in the 60k-70k trading range … pic.twitter.com/51o7XXRT0u

— PlanB (@100trillionUSD) October 1, 2024

Today, many investors are discussing the initial phase of a Bitcoin bull run, predicting that it will be more evident this month. Historically, October has been a favorable month for Bitcoin, with high chances of big rallies or the beginning of a faster-paced bull run.

Historically, 5 bull markets all started in October! What about October this year? pic.twitter.com/BMUyHTvuvl

— Lookonchain (@lookonchain) October 1, 2024

It is worth noting that October is not only expected to support the volatile crypto market, but the upcoming U.S. presidential election in November is also anticipated to inject a strong bullish sentiment.

https://t.co/L4C8IHU3gC#DonaldTrump’s Victory In The Election May Push #Bitcoin To $150k

— Bitcoinik (@Bitcoinikdotcom) June 7, 2024

Currently, many crypto pundits are speculating that a win by the current Vice President of the U.S., Kamala Harris, may negatively impact the crypto sector. There are also chances that the market might see a small pump in the trade price. However, a win for Donald Trump is expected to result in a more favourable outcome for the crypto market.

Read also: Binance Secures Regulatory Milestone by Being Incorporated into Argentina’s Virtual Asset Service Providers Registry

Binance crypto secured its 20th regulatory approval to provide crypto trading services under full compliance.

Binance is a top-ranked crypto exchange, mainly known for its highly secure crypto trading services globally. This crypto exchange has its hand in multiple crypto-related businesses. Currently, this crypto firm owns multiple crypto companies and projects in this innovative space.

On 1 Oct 2024, Binance announced that it achieved a significant regulatory milestone by being incorporated into Argentina’s Virtual Asset Service Providers Registry, managed by the National Securities Commission (CNV).

Binance announced that it has been included in the Virtual Asset Service Provider Registry of the Argentina National Securities Commission, marking Binance’s 20th global regulatory place. Binance’s website and app are now fully open to Argentine users, giving them access to…

— Wu Blockchain (@WuBlockchain) October 1, 2024

This latest regulatory win for Binance is its 20th regulatory approval globally, allowing it to expand its full range of services to users in Argentina. The accomplishment underscores Binance’s commitment to compliance and safe industry growth, both locally and worldwide. With a strong compliance program, including robust AML and CFT policies, user-friendly KYC processes, and a leading Financial Crime Compliance unit, Binance remains focused on security and user protection while collaborating with law enforcement.

Regulatory Approval in Kazakhstan

Yesterday, Binance Exchange announced its success in securing a crypto license to provide crypto trading services under full compliance in Kazakhstan.

#Binance Kazakhstan has become the first digital platform to obtain a full Digital Asset Trading Facility (DATF) license from the Astana Financial Services Authority (AFSA).Now fully licensed to operate a digital assets trading facility, act as a broker-dealer, and provide… pic.twitter.com/2sKCJyLuee

— Binance (@binance) September 30, 2024

Binance vs WazirX

As we know, the popular Indian crypto exchange WazirX has been at the verge of bankruptcy. In this situation, there is an ongoing dispute between Binance and WazirX over the ownership of the WazirX crypto trading platform. Because of this conflict, Binance is under significant pressure to respond, as it has been holding more than $200 million worth of cryptocurrencies belonging to WazirX’s parent firm Zettai.

https://t.co/dIvULMCg8C#WazirX Users Demand #Binance Return WazirX management’s Frozen Funds Amid Ongoing Dispute & Struggling Phase

— Bitcoinik (@Bitcoinikdotcom) September 22, 2024

Read also: Gemini Crypto Exchange Decides to Quit Canadian Crypto Market

Amid increasing regulatory pressure in Canada, the popular crypto exchange Gemini has decided to exit the Canadian crypto market.

Gemini is a U.S.-based crypto exchange founded by the Winklevoss twins in 2014. This platform offers a secure crypto trading environment, with a focus on regulatory compliance and user security.

On 1 Oct 2024, Gemini announced that it would shut down accounts belonging to Canadian users and urged Canadian customers to withdraw their funds before 31 Dec 2024. This means Canadian Gemini users now have only 90 days to leave the Gemini platform.

Well @Gemini is officially closing all customer accounts in Canada. It won’t affect me as I am huge fan of @ndaxio but I am curious to what “limited exceptions” means. #crypto #cryptocanada #canada pic.twitter.com/vFvmw1iMyR

— Trafford 🇨🇦 (@trafford66) September 30, 2024

It is worth noting that the leadership of Gemini failed to explain the main reason behind this decision. However, media reports suggest that the exchange took this step due to increasing regulatory pressure.

Notably, just a few months ago, the Canadian Securities Administrators (CSA) instructed all platforms to sign a pre-registration undertaking (PRU) as a condition of continuing to operate in the country. The CSA said the directive was intended to protect crypto investors, citing the insolvencies of multiple digital asset trading firms, such as Voyager, Celsius, and FTX, which occurred in 2022.

Canada & Crypto Regulatory Environment

Canada has a relatively progressive regulatory environment for cryptocurrency. The country recognizes crypto as legal financial assets, and its trading platforms must register with regulatory bodies like the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Canada enforces anti-money laundering (AML) and know-your-customer (KYC) regulations on crypto platforms. While the government supports innovation in blockchain, it maintains strict oversight to prevent illegal activities. Provincial regulators, like the Ontario Securities Commission (OSC), also play a key role in overseeing crypto exchanges and ensuring compliance.

Read also: Cardano ($ADA) Bullish Sentiment Soars as Binance CEO and Cardano Foundation CEO Prepare for Exclusive Fireside Chat