The top crypto news highlights for today, October 3, 2024:
Ripple Expands in the UAE: Ripple has received in-principle approval from regulators in Dubai, marking a significant step toward enhancing cross-border digital payments in the region. This regulatory approval could broaden Ripple's services across the UAE
Bitcoin Metrics Signal Market Shift: On-chain and technical data show promising signs for Bitcoin investors despite a recent sell-off. Analysts suggest that Bitcoin’s market structure is improving
Kraken Launches Derivatives Trading in Bermuda: The crypto exchange Kraken has expanded its offerings by launching derivatives trading in Bermuda, taking advantage of favorable regulations
Binance and Cardano Rumors: Speculation surrounds a potential listing of Cardano native tokens on Binance ahead of an upcoming summit, fueling excitement in the Cardano community
Telegram Outages: Several countries have reported major outages on the Telegram messenger app, impacting users globally.
Shiba Inu Whale Activity Surges: Whale activity in Shiba Inu has grown by 360%, potentially signaling a sustained rally for the meme coin.
Visa’s Tokenized Asset Platform: Visa has launched a platform for managing digital assets, including stablecoins and CBDCs, marking a major step in digital asset management
Grayscale Launches Aave Fund: Grayscale has introduced a new investment fund focused on Aave, which has gained momentum following recent tokenomic upgrades. Ripple's XRP Sees Increased Interest: Ripple's stablecoin testing and derivatives market activity for XRP have surged, with open interest surpassing $1 billion. IMF Pressures El Salvador: The International Monetary Fund is pushing El Salvador to reconsider its Bitcoin regulations, as the country faces economic challenges.
1. Bitcoin's Drop: Bitcoin has fallen to around $60,000 following heightened geopolitical tensions, specifically Iran’s missile retaliation attack on Israel
2. Shiba Inu's Rally: SHIB has surged by 37%, leading a crypto market rally alongside Dogecoin. This spike has revived interest in memecoins
3. Ripple's RLUSD Stablecoin: Ripple is advan cing the development of its RLUSD stablecoin, which is expected to expand to Ethereum and the XRP Ledger. 4. EigenLayer Token Unlock: EigenLayer, a restaking protocol, has unlocked its native token EIGEN. It is now tradable on Bitfinex, boosting ecosystem participation.
5. Uruguay's Crypto Regulations: Uruguay has taken a leading role in Latin America's crypto regulations after its president signed a new law, setting the stage for further crypto integration.
6. Crypto Hacks in September: Over $120 million was lost in crypto hacks during September, with exchanges BingX and Indodax among those affected
7. Binance Executive Detainment: The wife of Tigran Gambaryan, a detained Binance executive, is calling for his release amid ongoing legal battles.
8. Cardano's Airdrop: Cardano’s Midnight project has launched an unprecedented token airdrop model called the Glacier drop, setting a new standard in token distribution.
9. Ripple's Legal Challenge: Ripple's previous court victory against the SEC is under threat, as the SEC prepares to appeal the ruling that initially favored
10. Market Overview: The overall crypto market has seen a 1.8% drop, with most top coins like Bitcoin and Ethereum experiencing minimal changes #btc #shiba⚡
it is not the DOGS which is down whole crypto market is down..see bitcoin, render, aave all are down.. i believe if bitcoin pump dogs will also pump again