11 October 2024
In another exciting week for the crypto space, Solana is taking center stage, dominating token launches with an impressive 87% of new tokens in 2024! Memecoins have largely driven this surge, solidifying Solanaās position as a go-to platform for new projects. But thatās not allāthereās plenty more happening across the crypto and TradFi worlds! šš”
Macro/TradFi Updates
National Bank of Bahrain introduces the Middle East's first Bitcoin investment fund tailored for institutional investors in the Gulf Cooperation Council. š¦
Hong Kong's SFC gears up to grant more licenses to crypto businesses by year-end, signaling a crypto-friendly future! š
Canary Capital files for an XRP spot ETF with the U.S. SEC, marking the second company to do so this month. šÆ
VanEck Ventures rolls out a $30M fund aimed at early-stage crypto and AI startups, fueling innovation. š°
Nearly half of traditional hedge funds now invest in crypto, up from 29% last year, per a report by AIMA and PwC. š
Crypto Headlines
Solana dominates token launches with 87% of new tokens in 2024, thanks to the rise of memecoins. š
TON reaches a milestone with 100M unique holdersātalk about blockchain adoption! š¼
Uniswap announces its very own Ethereum Layer-2 network, Unichain, to boost liquidity, lower costs, and speed up transactions. š
Jupiter launches its app on iOS, allowing users to buy crypto via Apple Pay, credit cards, or PayPal. š±
DeFi & Stablecoins
World Liberty Financial, the Trump-linked DeFi project, proposes an Aave V3 instance on Ethereum Mainnet. šļø
Circle introduces native USDC on the Sui network, expanding stablecoin accessibility. šµ
Puffer Finance launches its new governance token, with an upcoming airdrop for its liquid restaking infrastructure platform. š
Gaming & Beyond
Gaming giant Ubisoft is stepping into the blockchain space with "Champions Tactics", its first game featuring tradable blockchain-based assets. š¹ļø
Google integrates ENS, allowing users to search for .eth names and check balances directly within Google Search. š
Other Notable News
Crypto.com faces a lawsuit against the SEC following a Wells Notice. āļø
A new Chainalysis report reveals Argentina leads Latin America in crypto value received, with an estimated US$91.1B! šø
Ripple introduces digital asset storage services for banks and fintech firms, further expanding its ecosystem. š¦
Binance Research: Stay Ahead of the Market
Donāt miss our latest insights on crypto trends and developments:
Monthly Market Insights - October 2024
Industry Observation: Valuation, Centralization, Transparency, and Rebranding
Navigating Crypto: Industry Map
Thatās a wrap for this weekās market highlights! Stay tuned for more updates, and remember, the crypto world moves fastākeep your eyes open and your wallets ready! š„
