Today's Crypto and Bitcoin News

KuCoin has launched pre-market trading of Grass (GRASS), stirring excitement among crypto enthusiasts as the highly anticipated airdrop draws near. The pre-market price of GRASS on KuCoin currently stands at 1.06 USDT, a promising signal following a rally of 52% from last week’s low of 0.7330 USDT. As traders gear up for the upcoming airdrop, with the listing date yet to be confirmed, anticipation continues to build, keeping the market outlook for GRASS bullish.   Quick Take The GRASS token is currently trading at 1.06 USDT on KuCoin pre-market.  For the first Grass Network airdrop, 100 million GRASS tokens—10% of the total supply—will be given out.  Those eligible to receive tokens during the Grass airdrop campaign include Alpha testers, GigaBuds NFT holders, and other contributors to the network. As per the project roadmap, the GRASS token will be used for governance, staking, accessing bandwidth, and paying transaction fees within the Grass network. What Is Grass Network (GRASS)?    Grass Network aims to revolutionize internet connectivity by enabling users to monetize unused bandwidth through a decentralized network. Traditional networks, controlled by large corporations, extract value from participants. In contrast, Grass allows users to retain control of their contributions and earn passive income by sharing bandwidth.   The network infrastructure relies on routers that connect nodes across geographical regions, ensuring low-latency web traffic and seamless operation. Grass also supports Live Context Retrieval (LCR) to provide a neutral, transparent search experience free from advertising bias.   When Is the Grass Airdrop?  The GRASS airdrop is expected to take place in Q4 2024, with the eligibility checker already live. The Grass Foundation has confirmed that the first airdrop will distribute 100 million GRASS tokens, representing 10% of the total supply. Although the exact claiming date hasn't been announced yet, the eligibility tool allows users to see their allocation based on their participation in the network's early initiatives, such as the Closed Alpha and Epochs 1-7.   Read more: Top DePIN Crypto Projects to Know in 2024   Grass Network (GRASS) is now available for pre-market trading on KuCoin. Trade $GRASS tokens early to secure your position in the Grass Network ecosystem and get a first look at $GRASS prices before the official spot market release. GRASS Airdrop Breakdown and Eligibility Source: Grass Foundation on X    The Grass Foundation's first airdrop distributes 100 million GRASS tokens, accounting for 10% of the total 1 billion token supply. Allocation details are as follows:   9% to users with 500+ Grass Points during the Network Snapshot (Epochs 1-7). 0.5% to GigaBuds NFT holders, with 515 GRASS allocated per eligible NFT. 0.5% to users who installed the Desktop Node or Saga Application and earned Grass Points. Eligible participants can check their airdrop allocation using the official Grass eligibility tool. Claiming will open soon, and additional allocations are expected as the network evolves.   Incentive Programs and Future Token Releases The phased token release strategy ensures sustainable growth, with only 10% of the supply airdropped initially. The remaining 90% will be released periodically, supporting liquidity, staking incentives, and community-building initiatives.   The referral program offers an additional layer of rewards, giving participants 20% of the points earned by their direct referrals. This approach aligns individual incentives with the network’s long-term expansion goals.   GRASS Token Utility  The GRASS token is central to the network’s goal of creating a user-owned internet. Its design ensures a sustainable balance between governance, staking rewards, and bandwidth access.   Key Use Cases Governance: Token holders propose and vote on network improvements, determine incentive mechanisms, and align on partnerships. Staking Rewards: Users stake GRASS tokens to Routers to facilitate web traffic, earning rewards while contributing to network security. A minimum of 1.25 million GRASS must be staked for each router to become operational. Access to Bandwidth: After decentralization, GRASS will serve as payment for transactions across the network, enabling decentralized scraping of public web data. Users can participate in the Bonus Epoch by downloading the Grass desktop app, connecting their Solana wallets, and earning Grass Points. The referral program offers up to 20% of points earned from referred users, further incentivizing participation and network growth.   GRASS Token’s Price Performance on KuCoin Pre-Market GRASS pre-market price trends on KuCoin    KuCoin has become a primary exchange for GRASS futures, with trading starting on October 17, 2024. Here’s a snapshot of the pre-market performance:   Floor Price: 1.07 USDT Highest Bid: 0.97 USDT Average Price: 1.11 USDT Traders are closely monitoring GRASS price trends in the pre-market, preparing for the token’s full launch and upcoming airdrop. The phased token release has fueled speculation while mitigating the risks of market dilution.   When Is the Grass Network (GRASS) Listing Date?  While the GRASS token is being actively traded on KuCoin’s pre-market platform, its official spot listing is likely to occur only after the official token launch and airdrop. Stay tuned to official channels and KuCoin News for the latest developments surrounding the GLASS token listing date.    Rising Fake Airdrops Amid GRASS Token Launch and Airdrop  With the surge in excitement around GRASS, scammers are spreading fake airdrop links across social media. To avoid falling victim to fraud, users should rely only on official announcements from the Grass Foundation or KuCoin. The Grass airdrop eligibility checker is available on the official website, and users are urged to stay vigilant.   Conclusion The GRASS token launch and airdrop represent the first step in an ambitious plan to reshape internet ownership and connectivity. GRASS has the potential to become a key player in the decentralized web space, thanks to its focus on user empowerment, governance, and staking rewards.   However, traders and participants should be mindful of potential risks, especially token dilution as more tokens are released over time. A phased rollout strategy helps manage market entry, but price volatility may still occur as the supply increases.   Users are encouraged to stay informed through official channels such as KuCoin’s platform and the Grass Foundation’s website. Checking airdrop eligibility through the official tool will ensure a smooth claiming process. As always, remain vigilant against potential scams and trade cautiously to navigate any market fluctuations effectively.   Read more: October’s Top Crypto Airdrops: X Empire, TapSwap & MemeFi and More  

Today's crypto highlights: Peter Todd is under scrutiny after HBO’s documentary suggests he might be Satoshi Nakamoto, sparking controversy and fear. Avalanche breaks new ground with its Visa card launch, bringing crypto payments closer to mainstream adoption. Sui Blockchain advances by integrating Google Cloud’s real-time data services, boosting blockchain utility. The crypto market remains in Greed territory today, with the Crypto Fear & Greed Index slightly decreasing from 71 to 70. Bitcoin (BTC) has shown some momentum, trading at $67,419 with a slight gain of +0.07%, while Ethereum (ETH) has dropped by -1.66% to $2,622. In the futures market, the 24-hour Long/Short ratio remains balanced at 49.5%/50.5%, reflecting relatively even sentiment among traders. Despite recent fluctuations, the overall market leans towards greed.   Crypto Fear & Greed Index | Source: Alternative.me   Trending Tokens of the Day  Top 24-Hour Performers      Trading Pair  24H Change SCR/USDT 118.7% UNIO/USDT 18.73% POKT/USDT 31.23%   Trade now on KuCoin   HBO Documentary Brings Peter Todd Into the Spotlight, Sparks Safety Concerns Peter Todd recently found himself in an unexpected spotlight. An HBO documentary, created by filmmaker Cullen Hoback, claimed that Todd is the mysterious creator of Bitcoin, Satoshi Nakamoto. The documentary premiered on October 9, alleging Todd's identity as the man behind the world’s most valuable cryptocurrency. Since then, Todd has voiced fears for his safety, explaining that the sudden association with Nakamoto's wealth has forced him into hiding.    Though Todd vehemently denied being the Bitcoin inventor, the exposure has put him at risk. In an interview with Wired, Todd stated, “Obviously, falsely claiming that ordinary people of ordinary wealth are extraordinarily rich exposes them to threats like robbery and kidnapping. Not only is the question dumb, it’s dangerous.” Todd pointed out that Satoshi Nakamoto took great efforts to remain anonymous to avoid precisely such threats, and he criticized those trying to uncover Nakamoto's identity.   Despite Todd's rebuttal, Cullen Hoback defended the documentary's purpose, arguing that identifying Nakamoto is important given the potential wealth associated with the Bitcoin creator. Hoback highlighted that an anonymous figure possibly controls one-twentieth of the global supply of Bitcoin, making Nakamoto’s identity significant. While the documentary raises questions, it has also put Todd in a precarious position, showing the potentially harmful impact of high-profile speculation in the cryptocurrency world.   Avalanche’s Crypto Visa Card Marks Milestone for Adoption Avalanche has launched its Visa Card, which brings cryptocurrency payments closer to mainstream use. The card enables users to make purchases using cryptocurrencies such as WAVAX, USDC, and sAVAX at any location that accepts Visa payments. Available in both virtual and physical formats, the card provides a seamless way for users to convert their digital assets into transactions across millions of merchants globally. Initially launched in Latin America and the Caribbean, the rollout is expected to expand to additional regions soon.   The Avalanche Visa Card represents a significant move in bridging traditional finance and the crypto economy. The card offers self-custody wallets for users, providing secure, unique addresses for each asset, and ensuring easy access to spending while maintaining high security. Features like spending alerts, card freeze options, and PIN customization give users more control over their funds, enhancing security.   One standout feature of the Avalanche Card is its non-bank status. This means that the card is not linked to any traditional financial institution, allowing users to enjoy the benefits of privacy without any impact on their credit scores. However, this also means that users need to handle their spending responsibly, as there are no reporting mechanisms to credit bureaus.   Avalanche's strategic launch in underbanked regions like Latin America aims to provide financial inclusion through blockchain technology. The card supports the goal of integrating cryptocurrencies into everyday financial transactions, allowing holders to spend crypto as easily as fiat currency. By bringing crypto payments into the physical world, Avalanche is working to drive the adoption of digital currencies, making them a practical alternative to traditional money. Though there are limitations regarding specific countries—such as Cuba, Venezuela, and Russia, where the card is not accessible—the initial rollout is a step forward in bridging financial gaps with crypto technology.     Sui Integrates with Google Cloud to Power Real-Time Blockchain Applications Sui, a decentralized blockchain network, has announced a new integration with Google Cloud, facilitated by blockchain infrastructure provider ZettaBlock. This partnership is a significant development for blockchain data accessibility, allowing developers to access real-time blockchain information through Google Cloud’s Pub/Sub service. By providing seamless data flow, this integration aims to boost the creation of innovative applications, such as AI-powered fraud detection and immersive gaming.   Blockchain technology acts as a decentralized digital ledger, making data transparent and secure. By integrating with Google Cloud, Sui’s blockchain data becomes available for applications that rely on real-time responsiveness. This is especially relevant for artificial intelligence models that need immediate access to the latest data, such as those used for monitoring transactions for signs of fraud.   The collaboration with Google Cloud means that developers can now build more sophisticated solutions on the Sui network. For example, AI models can detect suspicious transactions as they happen, rather than relying on older, static data. This ability enhances the effectiveness of fraud detection systems. Additionally, real-time blockchain data can enrich online gaming experiences by making games dynamic—altering difficulty levels or character behaviors based on actual blockchain events. ZettaBlock and Sui are looking forward to expanding these capabilities, offering developers advanced tools to make blockchain data more accessible for a wide range of applications.   See Also: Top Sui Memecoins to Watch in 2024-25   Source: X   Read More: Top Sui Memecoins to Watch in 2024-25   Conclusion The world of blockchain and cryptocurrencies is evolving rapidly, as seen in these latest developments. Peter Todd's forced association with Satoshi Nakamoto has thrown a spotlight on the real dangers of unverified claims in the crypto industry. Meanwhile, Avalanche’s Visa Card launch is a step toward integrating cryptocurrencies into everyday transactions, making digital currencies more accessible. Lastly, Sui's partnership with Google Cloud through ZettaBlock is helping provide innovative solutions with real-time blockchain data, empowering both AI and gaming industries. Stay tuned to KuCoin for up to date crypto news!

The crypto market remains in the greed territory today, with the Crypto Fear & Greed Index decreased from 72 to 70. Bitcoin (BTC) has shown some decreasing momentum, trading at $67,375 in the past 24 hours. Despite recent fluctuations, the overall market sentiment leans towards greed.    Quick Take  Stripe made a major move into the stablecoin sector by acquiring Bridge for $1.1 billion. Pump.fun, a memecoin platform on Solana, launched an advanced trading terminal and hinted at an upcoming token launch and airdrop.  Chainlink continues to innovate by integrating AI and oracle technology, enabling near real-time access to corporate financial data on-chain.  Quick Market Updates  Prices (UTC+8 8:00): BTC: $67,375, -2.40%; ETH: $2,666, -2.93% 24-hour Long/Short: 48.5%/51.5% Yesterday’s Fear and Greed Index: 70 (72 24 hours ago), level: Greed Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers    Trading Pair    24H Change HOOK/USDT      -4.21% KLAUS/USDT      -9.82% DEEP/USDT  -14.41%   Trade now on KuCoin   Stripe Buys Stablecoin Platform Bridge for $1.1 Billion Stripe has acquired Bridge, a stablecoin platform, for $1.1 billion, more than five times Bridge's $200 million valuation. This deal is a strategic move for Stripe to enter the stablecoin market and enhance global money movement.   Bridge provides infrastructure for issuing and transferring tokenized money on various blockchains, serving clients like SpaceX, Coinbase, and Stellar. Stripe processed over $1 trillion in payments in 2023 and now aims to leverage stablecoins to make transactions faster, cheaper, and more efficiently, focusing on solving real-world financial problems.   Bridge shares Stripe’s belief that stablecoins can play a crucial role in transforming finance. The acquisition will accelerate their shared vision of creating a more efficient financial system with stablecoins at the center. Stripe plans to expand stablecoin adoption to make transactions easier across borders, improving the user experience for moving, storing, and spending money.   The timing is significant, with stablecoins gaining traction. According to a16z’s "State of Crypto 2024" report, stablecoins processed $8.5 trillion in Q2, surpassing Visa’s $3.9 trillion. This shows growing mainstream interest, with companies like Revolut and Visa exploring stablecoin use. Stripe’s acquisition of Bridge positions it to be a leader in this evolving financial landscape.   Read more: USDT vs. USDC: Differences and Similarities to Know in 2024   Pump.fun Launches Advanced Trading Terminal and Teases Token Airdrop Pump.fun, a Solana-based memecoin platform, has launched its latest trading tool—Pump Advanced. This new terminal aims to rival established platforms like Photon and Bull X. It includes features like mini charts, top holder stats, and social activity metrics, all in one interface. To attract new users, Pump.fun is offering 0% fees for the first month and secure logins through email with Privy, a non-custodial wallet solution.   During the launch event, co-founder Sapijiju hinted at the upcoming launch of a Pump.fun token and a possible airdrop, though no official timeline has been set. He indicated that the airdrop could be "a lot more lucrative" compared to others in the industry, sparking excitement among users. It’s expected that the token will launch on Solana, keeping in line with the platform’s current ecosystem.   Pump.fun has seen tremendous success since its January launch. It has generated over $140 million in fees and facilitated the creation of more than 2.5 million Solana-based tokens. The platform’s appeal lies in its simplicity, allowing users to easily create and launch tokens—contributing to popular meme coin trends like celebrity tokens and viral livestream stunts.   In the past week, Pump.fun reached a new high, with 31,600 new tokens created in a day, and its trading volume topped $1.1 billion. With the launch of Pump Advanced and its growing popularity, Pump.fun is strengthening its position as a major platform for meme coin enthusiasts, even as competition heats up on other networks. The introduction of its own token and airdrop could further boost its reputation and drive user engagement.   Chainlink Leverages AI and Oracles to Bring Real-Time Corporate Data Onchain Chainlink is tapping into artificial intelligence and decentralized oracles to revolutionize the availability of real-time corporate action data on the blockchain. Announced on Oct. 21, Chainlink's pilot project seeks to tackle inefficiencies in data surrounding mergers, dividends, and stock splits—information often stored in fragmented and unstructured formats like PDFs and press releases. By combining oracles and large language AI models, Chainlink converts off-chain data into a standardized digital format that is accessible in near real-time.   Source: Chainlink   The pilot is supported by major financial institutions like Franklin Templeton, Swift, UBS, and blockchain networks including Avalanche and zkSync. The use of AI and Chainlink oracles aims to reduce costs and manual processes, enhancing efficiency in managing corporate actions that cost financial institutions up to $5 million annually.   Mark Garabedian, director of digital assets at Wellington Management, emphasized how this system could dramatically cut manual work and bring cost savings. Decentralized oracles connect blockchains to the broader financial world, and Chainlink has been exploring how they can support institutional finance. Recent partnerships, such as with Taurus for institutional tokenization, aim to improve cross-chain mobility, transparency, and security.   Chainlink is positioning itself at the center of blockchain adoption within the traditional finance sector, driving innovation by integrating secure and verified data flows from the external financial ecosystem into the blockchain world.   Read More: 94% of Asian Private Wealth Considers Crypto Investing, Vitalik Buterin's Vision for “The Surge”, FBI Arrests SEC’s X Hacker: Oct 18   Conclusion Today highlights some transformative moves in the crypto sector. Stripe’s acquisition of Bridge signals its intent to lead the stablecoin revolution, Pump.fun's advancements push its presence further in the memecoin market, and Chainlink’s use of AI and oracles is setting the stage for bridging traditional finance and blockchain. As mainstream interest grows and more players innovate, the cryptocurrency landscape continues to evolve at an exciting pace. Keep an eye on these developments as they may reshape the industry's future.

October 21st brings major updates in the crypto market. Yuga Labs launched ApeChain, boosting the Bored Ape ecosystem with new cross-chain tools. Meanwhile, Solana targets $180 as memecoin demand drives network activity. Bitcoin has surged past $69,000, sparking fresh optimism. Tether’s USDT also hit a record $120 billion market cap, hinting at growing investor interest. Let’s dive into these highlights and see what’s fueling the market momentum.   The crypto market remains in the greed territory today, with the Crypto Fear & Greed Index increasing from 73 to 72. Bitcoin (BTC) has shown some positive momentum, trading above $69,000 in the past 24 hours. Despite recent fluctuations, the overall market sentiment leans towards greed.    Quick Market Updates  Prices (UTC+8 8:00): BTC: $69,034, +0.96%; ETH: $2,747, +3.74% 24-hour Long/Short: 51.5%/48.5% Yesterday’s Fear and Greed Index: 72 (73 24 hours ago), level: Greed Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers    Trading Pair    24H Change KCS/USDT      +2.75% KLAUS/USDT      +17.72% DEEP/USDT  +52.40%   Trade now on KuCoin   Quick Take on the Highlights in the Crypto Space for Oct. 21 BlackRock ETF Head: 80% of Bitcoin trading product buyers are direct investors USDT Market Cap exceeded $120 billion, a record high Vitalik Buterin discussed risks and key goals facing Ethereum, believes one of the biggest risks to Ethereum L1 is the centralization of proof of stake due to economic pressure Stripe has acquired stablecoin platform Bridge for $1.1 billion Read More: 94% of Asian Private Wealth Considers Crypto Investing, Vitalik Buterin's Vision for “The Surge”, FBI Arrests SEC’s X Hacker: Oct 18   Yuga Labs Unveils ApeChain: A New Ethereum Layer 2 for the Bored Ape Ecosystem Yuga Labs, the company behind Bored Ape Yacht Club, has officially launched ApeChain, an Ethereum-based Layer 2 blockchain. They’ve also introduced the ApeChain bridge and Swap portal, enabling smooth cross-chain transactions. This move is part of Yuga’s push to future-proof its ecosystem. Partnering with Wire Network, a Layer 1 blockchain built for the AI agent economy, Yuga aims to use AI agents to boost engagement between creators and their fans.   Wire Network’s CEO, Ken DiCross, emphasized the potential for advanced AI interactions through this partnership, combining scalable blockchain with Yuga's cultural impact:   Ken DiCross, CEO of Wire Network, stated:   “…By combining our scalable, next-generation blockchain infrastructure with Yuga’s creativity and cultural influence, we are opening up new possibilities for AI agent interactions.”   ~Ken DiCross   APE/USDT price chart | Source: KuCoin    Yuga also launched Top Trader, the first native product on ApeChain. This on-chain trading simulation allows users to trade with leverage up to 1,000 times without financial risk. Features include the Ape Portal for cross-chain payments and Yuga ID for simple account management. Transaction gas sponsorship and the Restart Protocol for managing tournament rewards also enhance the user experience.   ApeChain was built using the Arbitrum Orbit toolkit, focusing on improving security and scalability. ApeCoin DAO had initially considered building an independent blockchain but ultimately opted for a Layer 2 solution connected to Ethereum after extensive community discussion. This decision helps align ApeCoin with a more robust and scalable blockchain infrastructure.   Solana Eyes $180 Target as Memecoin Frenzy Fuels Bullish Momentum SOL/USDT price chart | Source: KuCoin    Solana (SOL) has seen impressive gains recently, trading around $154.59 after hitting a high of $156.43. The crypto market is on a positive trend, with Bitcoin above $68,000 and other altcoins like Ethereum and XRP also rising. Global market cap has climbed to $2.35 trillion, up 0.8%.   A surge in memecoin demand has boosted Solana’s network activity and total value locked (TVL). This could push SOL to the $180 mark if momentum continues, supported by strong trading volumes and network growth.   Read more: Top Solana Memecoins to Watch in 2024   From October 11 to October 18, SOL rose by 12.1%, partly driven by rising memecoin interest. The hype, such as a viral push for Goatseus Maximus (GOAT), helped Solana’s TVL hit a two-year high of 41 million SOL. Solana also led decentralized exchange volumes, growing by 43% to reach $11.16 billion, outpacing Ethereum’s layer-2 solutions.   On the 4-hour chart, Solana rebounded from the 50% Fibonacci retracement level around $147.51, setting up further gains. It surpassed the 23.6% Fibonacci level at $153.88, which now serves as a key support. If SOL breaks above $158.33, it could target the next resistance at $165, paving the way for a broader rally toward $180.   Technical indicators back this bullish outlook. The 50-period EMA at $151.33 provides solid support, while the RSI stands at 55, showing steady buying interest. If Solana maintains current support and breaks past resistance, it could continue its upward movement toward new highs.   Source: TradingView   BTC Hits $69K Amid Big Market Moves: Here’s How Markets Are Moving BTC/USDT price chart | Source: KuCoin   On Sunday, Bitcoin surged past $69,000, hitting a high of $69,363. It marked a 9.3% gain for the week, bringing its year-to-date growth to 63% and a 132% increase over the past year. The crypto market saw $71.3 billion in trading volume, with Bitcoin contributing $15.25 billion.   This time, Bitcoin climbed steadily back to $69,000, resulting in only $117.7 million in liquidations across derivatives markets. The last time Bitcoin reached these levels was in late July 2024, but it then tumbled to $49,577 in early August. This time, the climb was more gradual, leading to just $117.7 million in liquidations across the crypto derivatives market. Interestingly, BTC had fewer liquidations compared to ApeCoin (APE) and Ethereum (ETH), which saw bigger wipeouts over the past day.   Bitcoin’s rise shows renewed confidence after months of uncertainty. The lower liquidation figure suggests traders are handling leverage more cautiously. Ethereum and other altcoins faced more turbulence, showing a varied market reaction. As always, volatility remains a factor, and the key question is whether Bitcoin can maintain its momentum or if we will see a correction like in August.   Read More: Trump’s Crypto Platform Raising Only $12 Million (WLFI), Stripe in Talks to Acquire Bridge: Oct 17   Tether's USDT Hits $120B Market Cap: Is 'Uptober' About to Fuel a Bitcoin and Ether Comeback? Tether’s USDT stablecoin reached a record $120 billion market cap, signaling a potential shift in the crypto market on October 20th. This growing supply could provide the liquidity needed to fuel rallies for Bitcoin and Ethereum, potentially ending their seven-month downtrend. With October historically being a positive month for crypto, the increase in USDT could support the “Uptober” narrative, suggesting incoming buying pressure. Recent USDT flows to major exchanges like KuCoin hint at renewed investor interest, possibly driving the next bullish phase for Bitcoin and Ether.   Tether Tokens in circulation. Source: Tether.to   This milestone signals potential investor interest in upcoming crypto investments, as stablecoins are often used to enter the market. Historically, a growing USDT supply has been linked to Bitcoin rallies. In August, Tether minted $1.3 billion in USDT, which helped Bitcoin recover over 21% from a recent low. Data from Arkham Intelligence shows recent significant USDT flows into major exchanges like KuCoin, suggesting increased buying pressure that could fuel a Bitcoin rally this October.   Conversely, a lack of stablecoin inflows can signal a market correction. On August 12, Bitcoin dropped below the $60,000 level, staging a nearly 4% correction as institutional buying of USDT temporarily paused. This highlights the important role stablecoin inflows play in maintaining bullish momentum in the crypto market. When stablecoin liquidity stops flowing in, buying pressure weakens, which can lead to price drops. Monitoring USDT movements can provide insights into upcoming shifts in market sentiment, especially during volatile periods.   Tether treasury outflows. Source: Arkham Intelligence   Read more: USDT vs. USDC: Differences and Similarities to Know in 2024   Conclusion From ApeChain's launch to Bitcoin breaking $69,000, the crypto space is buzzing with action. Solana’s price rally and Tether’s record market cap signal renewed confidence and investor enthusiasm. As October progresses, "Uptober" is living up to its name. Investors are eager to see if these gains will continue or face resistance. Stay tuned to KuCoin for more as the crypto market unfolds.

Ethereum developers are gearing up to launch the Pectra fork, a crucial update designed to enhance Layer 2 scaling and network performance. Central to this upgrade is EIP-7742, which aims to optimize blob-carrying transactions by setting dynamic gas targets. These improvements will unlock cheaper transactions and better scalability for Ethereum’s expanding ecosystem.   Quick Take  EIP-7742, a new Ethereum Improvement Proposal (EIP), enables dynamic gas targeting for blob-carrying transactions. It allows the consensus layer to set flexible gas limits, improving the efficiency of Layer 2 transactions. Ethereum’s co-founder, Vitalik Buterin, envisions 100,000 transactions per second (TPS) by combining Layer 2 scaling solutions with Ethereum’s rollup-centric roadmap. Layer 2 networks are becoming dominant, with recent revenue reports showing a 10:90 split between Ethereum’s mainnet and its Layer 2s. This shift has raised concerns about Ethereum’s future revenue streams. In addition to EIP-7742, EIP-3074 will introduce social recovery mechanisms to safeguard users from lost private keys. New invoker contracts will allow users to delegate asset control and transaction fees. What Are Blobs, and Why Are They Important? Blobs, introduced through Ethereum’s Dencun upgrade in March 2024, are large, temporary chunks of data embedded in transactions. Their primary purpose is to make Layer 2 transactions more cost-efficient by offloading data storage from Ethereum’s main blockchain. Instead of permanently recording every transaction detail on Layer 1, blobs allow temporary storage of transaction data, reducing congestion and lowering fees. This approach supports Ethereum’s scaling strategy by enabling rollups and other Layer 2 solutions to process data off-chain while still securing transactions through the mainnet.   However, the current blob limit has become a bottleneck. The number of blobs that can be processed simultaneously is approaching its maximum capacity, threatening Ethereum’s ability to scale efficiently. Without an update, this limitation could stall network performance and drive up gas fees, undermining the benefits of Layer 2 scaling solutions.   To address this, Ethereum developers proposed EIP-7742, which introduces a new mechanism for managing blob gas targets. Under this proposal, the gas target and maximum limits for blobs will adjust dynamically based on network conditions. This flexibility prevents bottlenecks caused by rigid gas limits and ensures that Layer 2 transactions remain cost-effective, even as demand grows. By allowing the consensus layer to set these values dynamically, EIP-7742 paves the way for smoother network operation and future scalability improvements.   This update is a crucial step in Ethereum’s long-term roadmap, as it enhances the platform’s ability to accommodate higher transaction volumes while keeping fees low for Layer 2 users. With dynamic blob fees in place, Ethereum can support the growing ecosystem of decentralized applications and maintain its competitiveness as a scalable blockchain network.   Read more: Ethereum 2.0 Upgrade   Pectra Fork Timeline and New Features The Pectra fork is expected to roll out in late 2024 or early 2025. In addition to EIP-7742, it will include EIP-3074, which introduces social recovery for Ethereum wallets. This feature will allow users to delegate control of their wallets to an invoker contract, which can perform transactions on their behalf.   Another critical update involves reducing the maximum block size from 2.7MB to approximately 1MB, freeing up space for more blob transactions and aligning with Ethereum’s scalability goals.   Buterin’s Vision: Layer 2 as the Future of Ethereum Vitalik Buterin emphasizes a rollup-centric approach to Ethereum’s scaling, where Layer 1 acts as a robust base layer and Layer 2 networks handle the heavy lifting. His ultimate goal is to create a unified Ethereum ecosystem, ensuring seamless interactions between Layer 2 networks without the feel of separate blockchains.   Buterin warns that increasing Ethereum’s gas limits to achieve higher speeds would compromise decentralization, as only larger validators with costly hardware could participate. Instead, he advocates solutions like data compression and bytecode optimization to maintain scalability without sacrificing security.   Ethereum’s Layer 2 Shift and Its Implications Ethereum’s increasing reliance on Layer 2 networks offers benefits like lower fees and faster transactions. However, it comes with a trade-off: the mainnet’s share of total network revenue has significantly dropped. VanEck’s latest analysis reveals that this trend may lower Ether's long-term value, potentially reducing their original price target by 67%.   Read more: Top Ethereum Layer-2 Crypto Projects to Know in 2024   Conclusion The Pectra fork represents a significant milestone in Ethereum’s journey toward becoming a more scalable, efficient blockchain. With dynamic blob fees, social recovery features, and continued focus on Layer 2 networks, Ethereum aims to strike a balance between scalability and decentralization. If successful, these updates will bring Ethereum closer to achieving its ambitious goal of 100,000 TPS, solidifying its position as a leading blockchain for years to come.

On October 18, the crypto world saw significant developments. The FBI arrested a hacker responsible for breaching the SEC's X account in January. Aspen Digital reported that 94% of Asian private wealth is invested or considering crypto, highlighting growing interest. Additionally, Vitalik Buterin unveiled his ambitious plan for Ethereum called "The Surge." Meanwhile, Bitcoin's spot ETFs in the U.S. crossed $20 billion in net flows, demonstrating rising investor confidence.   The crypto market remains in the greed territory today, with the Crypto Fear & Greed Index increasing from 71 to 73. Bitcoin (BTC) has shown some positive momentum, trading above $67,993.90 in the past 24 hours. Despite recent fluctuations, the overall market sentiment leans towards greed.    Quick Market Updates  Prices (UTC+8 8:00): BTC: $67,424, -0.29%, ETH: $2,605, -0.22% 24-hour Long/Short: 49.7%/50.3% Yesterday’s Fear and Greed Index: 73 (71 24 hours ago), level: Greed Crypto Fear & Greed Index | Source: Alternative.me   Read More: Trump’s Crypto Platform Raising Only $12 Million (WLFI), Stripe in Talks to Acquire Bridge: Oct 17   Trending Tokens of the Day  Top 24-Hour Performers    Trading Pair    24H Change AIC/USDT      -0.67% BTC/USDT      +0.48% HACHI/USDT  728.22%   Trade now on KuCoin   Quick Take on the Highlights in the Crypto Space for Oct. 18 U.S. retail sales in September grew by 0.4%, surpassing expectations. The European Central Bank cut interest rates by 25 basis points. Aspen Digital reported that 76% of surveyed family offices and wealthy individuals in Asia are investing in digital assets; another 18% plan to join soon. Polymarket predicts a 64% chance of Bitcoin reaching $70,000 this month. The FBI arrested a man for posting fake Bitcoin ETF approval on the SEC's X account. FBI Arrests Hacker Behind SEC's X Account Breach On October 17, the FBI arrested Eric Council Jr. for hacking the SEC’s X account in January. He used a SIM swap attack to gain control of the SEC's social media, posting a fake announcement about a spot Bitcoin ETF approval. This event caused chaos which in turn caused Bitcoin’s price to spike, and investors scrambled. It was a stark reminder of how vulnerable even powerful institutions are to cyberattacks like SIM swapping. U.S. Attorney Matthew Graves highlighted the financial and personal damage such attacks can cause. Council now faces identity theft and fraud charges.   The SEC acted quickly. Chair Gary Gensler stepped in 15 minutes after the post went live, clarifying that no ETF had been approved. But the next day, the SEC did approve 11 spot Bitcoin ETFs. These funds now hold a combined $63.5 billion, underscoring the growing institutional interest in Bitcoin despite the earlier chaos.   Source: X   94% of Asian Private Wealth Investing or Considering Crypto A report from Aspen Digital shows that 94% of private wealth in Asia is either invested in or planning to invest in crypto. Interest has surged, up from 58% in 2022 to 76% already investing, with 18% more planning to. The survey, covering 80 family offices and high-net-worth individuals managing $10 million to $500 million, found most have less than 5% of their portfolios in digital assets. Interest is high in decentralized finance (DeFi), artificial intelligence, and decentralized infrastructure.   Change in blockchain interest in Asia. Source: Aspen Digital   Spot Bitcoin ETFs are also driving interest. 53% of respondents gain exposure through ETFs. This aligns with a global rise in crypto adoption driven by regulatory clarity and the launch of ETFs in the US and Asia. Bitcoin and Ether ETFs launched in Hong Kong in April, while the US started spot Bitcoin ETFs in January 2024.   Many surveyed investors remain optimistic. 31% believe Bitcoin will hit $100,000 by year-end, showing strong bullish sentiment among Asia’s private wealth.   U.S. Spot Bitcoin ETFs Cross $20 Billion in Net Flows On October 17, U.S. spot Bitcoin ETFs hit a milestone—crossing $20 billion in total net flows. This happened in just 10 months, which is incredibly fast compared to gold ETFs, which took five years to reach the same level. This rapid growth points to Bitcoin's increasing legitimacy as a store of value, comparable to traditional assets like gold.   Eric Balchunas, a senior ETF analyst at Bloomberg, called the $20 billion mark the hardest metric to grow for ETFs. The past week alone saw $1.5 billion in inflows, signaling strong investor confidence, especially with improving regulatory clarity around these products. Data from Farside Investors showed that on October 16, Bitcoin ETFs added $458 million worth of BTC, showing continued strong demand.   Source: Eric Balchunas   This growth also reflects a shift in how investors want exposure to Bitcoin. More people want access through regulated financial products, overseen by established institutions. The surge in net flows signals Bitcoin’s growing acceptance among mainstream investors, a positive sign for its long-term prospects.   Read more: Best Spot Bitcoin ETFs to Buy in 2024   Vitalik Buterin's Vision for “The Surge” in Ethereum's Roadmap Vitalik Buterin recently laid out an ambitious plan for Ethereum, called "The Surge." The goal? Scale Ethereum to handle over 100,000 transactions per second (TPS). To do that, Buterin wants to improve both Ethereum's main blockchain and its layer 2 solutions, like rollups. It's not just about speed; it’s about making Ethereum more efficient, accessible, and user-friendly.   Buterin stressed that Layer 2 networks should feel like a unified part of Ethereum, not separate chains. Right now, different L2 solutions can feel fragmented, which can confuse users. Buterin envisions a seamless experience where using an L2 feels just like using the main Ethereum network. This would make it easier for both new users and developers, helping Ethereum grow into a more cohesive and approachable platform.   The other big focus is on cost-cutting. Merging these will optimize computations on Ethereum to ensure a cheaper and highly scalable base layer, enabling the main chain to manage the demand that comes from L2 rollups.This would make the context in which developers have to work much easier, while users will pay lower fees and notice no difference at all.   The goal of "The Surge" is to complete Ethereum’s rollup-centric roadmap while keeping decentralization and security intact. By focusing on scaling, improving user experience, and enhancing interoperability, Buterin wants to make Ethereum a more robust and easy-to-use platform. This is about laying the foundation for Ethereum to continue evolving as a key player in decentralized infrastructure globally.   Read more: Ethereum 2.0 Upgrade   Conclusion The top headlines today underscore the growing adoption of crypto assets and the steps regulators and industry leaders are taking to secure and scale the ecosystem. The arrest related to the SEC hack reminds us of ongoing cybersecurity challenges, while the increased interest in Bitcoin ETFs and Ethereum’s scaling plans reflect the sector's potential. Investors across Asia, coupled with new products like ETFs and technological improvements led by Vitalik Buterin, signal a promising outlook for digital assets in the evolving financial landscape.

The convergence of political dynamics, renewed interest in BTC ETFs, and macroeconomic factors like the debasement trade are all contributing to Bitcoin’s surge toward $68,000. Bitcoin ETFs are playing a pivotal role in this rally, attracting increased inflows and clearing key technical levels as investors seek exposure to Bitcoin in traditional financial markets. Payments processor Stripe is ‘engaged in exclusive negotiations’ regarding the acquisition of the stablecoin fintech platform Bridge and Trump’s WLFI token only raised $12.5 million by the time of writing – much less than his intended goal.   The crypto market remains in the greed territory today, with the Crypto Fear & Greed Index decreasing from 73 to 71. Bitcoin (BTC) has shown positive momentum, trading above $68,000 in the past 24 hours. Despite recent fluctuations, the overall market sentiment leans towards greed.   Quick Market Updates  Prices (UTC+8 8:00): BTC: $67,618, +0.81%; ETH: $2,611, +0.14% 24-hour Long/Short: 50.7% / 49.3% Yesterday’s Fear and Greed Index: 71 (73 24 hours ago), level: Greed Crypto Fear & Greed Index | Source: Alternative.me   Read More: Ethereum’s Future, Bitcoin's Price Surge, and Q3 Insights: Crypto Market Flatlines at $2.3 Trillion: Oct 15   Trending Tokens of the Day  Top 24-Hour Performers    Trading Pair    24H Change AIC/USDT      +16.78% BTC/USDT      +0.52% CRAI/USDT  +7.84%   Trade now on KuCoin   Quick Take on the Highlights in the Crypto Space for Oct. 17 Trump’s probability of being elected president on Polymarket rose to 60.5%, a record high. Musk donated $75 million to support Trump. Trump’s family crypto project $WLFI updated token terms: non-transferable within one year, no plans to create a secondary market currently. Also, Trump’s son will attend the Bitcoin MENA Summit.  Crypto exchange Kraken launched re-staking on the Ethereum-based protocol EigenLayer. Stripe is in advanced talks to acquire Bridge, a fintech company focused on stablecoins Stripe is in talks to acquire Bridge, a Fintech Company Focused on Stablecoins Payments processor Stripe is ‘engaged in exclusive negotiations’ regarding the acquisition of the stablecoin fintech platform Bridge – a move that could signify an even greater foray into the ever-expanding alternative payments technology market.    Last month, Bridge completed a Series A funding round and raised $40M, where Sequoia Capital was the lead investor. The company has developed a platform that allows creation, custody and exchange of stablecoins including GUSD and USDC.   With the increasing use of stablecoins as a means of payment, Stripe had also begun to execute stablecoin transfers. In the previous week, the company revealed that merchants in the USA would be able to process cryptocurrency payments for the USDC stablecoin, having not ventured into the digital tokens market for nearly six years.   Italy Considers Raising Bitcoin Capital Gains Tax to 42% in 2025 The Italian government is contemplating a significant increase in the capital gains tax on Bitcoin, potentially raising it from 26% to a steep 42% by 2025. Deputy Economy Minister Maurizio Leo made the announcement during a press conference at Palazzo Chigi on October 16, where he discussed Italy’s new budget bill recently approved by the Council of Ministers.   According to Leo, this proposal to raise the withholding tax on Bitcoin profits is part of the broader changes included in the budget bill. He also noted the removal of the minimum revenue threshold for Italy's "web tax" or Digital Services Tax (DST), which has applied to companies earning at least 750 million euros annually and 5.5 million euros from digital services in Italy.    This potential tax hike follows Italy's decision in late 2022 to increase the capital gains tax on crypto trades exceeding 2,000 euros to 26%, a move made as part of the 2023 budget.   Trump’s Crypto Platform Token Sale Misses Mark, Raising Only $10 Million World Liberty Financial’s website shows its WLFI token is far under the $300 million goal it set for public sale. Source: World Liberty Financial The Trump family’s new crypto platform, World Liberty Financial (WLFI), faced a rocky start with its token sale on October 15, raising only 3.4% of its $300 million goal on the first day. The WLFI token, priced at 1.5 cents each, had 20 billion tokens available for public sale, but only over 837  million, roughly $12.5 million worth, were sold at the time of writing.   Despite the platform claiming to have 100,000 sign-ups before launch, Etherscan data  revealed only 6,832 unique wallets holding the WLFI token. Compounding the disappointing sales, the platform’s website crashed due to overwhelming traffic, rendering it unavailable for several hours.   Donald Trump, the project’s "Chief Crypto Advocate," took to social media on October 15 to promote the token sale, saying, “Crypto is the future, let’s embrace this incredible technology and lead the world in the digital economy.” His sons, Eric, Barron, and Donald Jr., are also listed as "Web3 Ambassadors" for the project.   Bitcoin Reaches New Record: Market Attention Pushed the Price Up To $68,323. Is a Major Breakout Approaching? The most popular virtual currency in the world, Bitcoin (BTC), unusually increased to $68,323  on 16th October 2024. It has been 80 days since we saw a similar price level on June 7th. So, what’s behind this sudden surge? Most people point to a BlackRock’s Q3 earnings call that took place about 2 days earlier. As Bitcoin price approaches the $70,000 mark, for some experts it is no longer far fetched to consider the possibility of a major breakout soon.   Within the past week, Bitcoin appeared to be on the longer path towards the piece of $68,323  last week it has reached in nearly 3 months. This increase is impressive because this is the first time that there has been such a strong confidence coming from the market given that earlier in the year the market had been a bit shaky. On October 16th, Bitcoin was in a very strong bullish trend mainly fueled by strong growing institutional demand, a healthy state of the economy, and positive structures in the charts.   A majority of such rally appears to be tracing its roots to the BlackRock Q3 earnings report and the recent talk of their intentions to increase towards the crypto market. For quite a number of months, there has been a watchful eye on BlackRock, and their persistent foray into digital assets is ensuring that there is hope.   Source: KuCoin BTC Price Last 24 Hrs    Read More: Crypto Surpasses $67,000, Tesla Moves $770 Million BTC, Bitcoin ETFs Surge and More: Oct 16   Conclusion In summary, the convergence of political events, renewed interest in Bitcoin ETFs, and macroeconomic factors are fueling Bitcoin’s upward trend towards $68,000. Bitcoin ETFs are playing a central role in this rally, with significant inflows pushing prices higher as investors seek traditional market exposure to BTC. Meanwhile, Stripe’s acquisition talks with Bridge underscore the increasing mainstream adoption of crypto payment technologies. Additionally, Trump’s WLFI token sale fell short of expectations, and Italy considers a steep Bitcoin tax hike. These events illustrate the evolving landscape and growing institutional interest in digital assets.

Hello, Hamster Kombat CEO! Did you withdraw your $HMSTR yesterday and trade it for profit? $HMSTR was finally launched on CEXs, including KuCoin, on September 26 after months of hype. $HMSTR is now trading at $0.003972 at the time of writing.   Now the game is in its Interlude Season, and your efforts in solving daily challenges to maintain your edge as a Hamster Kombat player will pay off. Hamster Kombat’s mini-game puzzle offers a chance to earn valuable golden keys, with the mining phase ending on September 20, 2024.    Quick Take Solve today's Hamster Kombat mini-game puzzle and claim your daily golden key for the day. The $HMSTR token airdrop and TGE event took place on September 26, 2024. $HMSTR  token was listed on top centralized exchanges, including KuCoin, on the same day.  Boost your earnings with the new Hexa Puzzle mini-game and exploring Playground games In this article, we provide the latest puzzle solutions and tips on how to secure your golden key, along with insights into the new Playground feature, which can boost your airdrop rewards.   Read More: What Is Hamster Kombat Hexa Puzzle Mini Game and How to Play?    Hamster Mini Game Puzzle Solution, October 17, 2024 The Hamster mini-game sliding puzzle mimics the fluctuations of a crypto price chart’s red and green candlestick indicators. Here’s how to solve it:   Analyze the Layout: Examine the puzzle to spot the obstacles. Move Strategically: Focus on clearing the candles that block your path. Quick Swipes: Speed is crucial! Make sure your moves are fast and accurate to beat the timer. Monitor the Clock: Keep an eye on the countdown to avoid running out of time. Don’t worry if you fail! You can retry after a short 5-minute cooldown.   Hamster Kombat ($HMSTR) is launched on KuCoin for spot and futures trading. You can deposit $HMSTR with 0 gas fees and start trading the token now!   Hamster Kombat’s New Hexa Puzzle Mini-Game to Mine Diamonds In addition to the sliding puzzle, Hamster Kombat has introduced the Hexa Puzzle, a match-based game that allows you to stack tiles on a hexagonal grid and continuously earn Hamster diamonds. It’s a fantastic way to accumulate diamonds ahead of the token launch, with no restrictions.   Earn More Diamonds From Games in the Playground The Playground feature offers opportunities to earn valuable diamonds by engaging with partner games. Each game provides up to four diamonds. Here’s how to participate:   Select a Game: Choose from 17 available games, including Train Miner, Coin Masters, and Merge Away. Complete Tasks: Play and complete tasks to grab diamonds. Redeem in Hamster Kombat: Enter your key code in Hamster Kombat to boost your earnings in the game. These games are simple, free-to-play, and enhance your earning potential for the upcoming $HMSTR airdrop.   Hamster Kombat TGE and Airdrop is Here  The highly anticipated $HMSTR token airdrop finally took place yesterday, on September 26, 2024. Previously, the token was available for pre-market trading on platforms such as KuCoin. Yesterday, the token distribution occurred, and users have now received their tokens after months of waiting. Besides, players can now withdraw their tokens to selected CEXs including KuCoin from other TON-based wallets in Telegram.   As the airdrop event took place, The Open Network (TON) faced challenges due to a heavy network load caused by the large number of minted tokens generated on the platform.   Read more: Hamster Kombat Announces Token Airdrop and Launch on The Open Network for  Hamster Kombat Airdrop Task 1 Goes Live: How to Link Your TON Wallet Hamster Kombat Adds Airdrop Allocation Points Feature Ahead of HMSTR Airdrop As per the Hamster Kombat whitepaper, sixty percent of the total token supply will be distributed to eligible players, while the rest will go toward market liquidity and ecosystem growth, ensuring long-term sustainability.   Hamster Kombat Welcomes the Interlude Season before the Season 2 Starts  The conclusion of Hamster Kombat Season 1 doesn’t mark the end of the game, as players now enter the Interlude Season. This warm-up phase will last a few weeks before the launch of Season 2. During this period, players can focus on farming diamonds, which will provide advantages in the upcoming season. The more diamonds you collect, the greater the benefits in Season 2. The Interlude Season offers a valuable opportunity for players to prepare and get ahead before new challenges and rewards are introduced.   Read More: Hamster Kombat Welcomes the Interlude Season Before the Token Airdrop on    Conclusion Now that the $HMSTR token has officially launched and the TGE has occurred, you can still stay active in Hamster Kombat’s daily puzzles and Playground games. Continue collecting keys to enhance your rewards and take advantage of ongoing opportunities as you wait for Season 2 to kick off.   For more updates and details, bookmark this page and follow KuCoin News.   Read more: How to Buy and Sell Hamster Kombat (HMSTR) Tokens: A Comprehensive Guide  

The tokenization of real-world assets (RWAs) is rapidly gaining traction, offering new ways to invest, trade, and own everything from real estate to government bonds. Predictions in a Tren Finance report suggest that the RWA sector could experience explosive growth, increasing by 50x and reaching between $4 trillion and $30 trillion by 2030. This transformation is expected to redefine traditional financial markets, introducing faster, cheaper, and more transparent processes through blockchain technology.   According to a Tren Finance report, “The integration of traditional finance with blockchain technology is not just a trend but a fundamental shift towards a more accessible, efficient, and dynamic financial ecosystem.”   Quick Take Tren Finance projects that the RWA tokenization market could reach $10 trillion by 2030, representing a more than 54x increase from its current valuation of $185 billion. The report highlights how sectors like real estate, securities, and commodities are already leading this charge. Stablecoins continue to play a dominant role, accounting for over $170 billion of the total RWA market. In comparison, tokenized securities and treasuries are valued at just $2.2 billion, indicating vast growth potential in financial instruments. Blockchain-powered RWAs are attracting major financial players. Tokenized government bonds and private equity funds have already begun migrating on-chain, promising more accessible and liquid markets for traditional assets. RWAs eliminate the need for third-party intermediaries, speeding up transactions and reducing costs. With blockchain-enabled fractional ownership, investors can now buy shares in real estate properties or fine art for as little as $50. Current State of the RWA Sector: Nearly $200B in Value Source: Tren Finance   The RWA tokenization movement is in its early stages but gaining momentum. Tren Finance reports that stablecoins dominate the current $185 billion market, while tokenized treasuries and securities lag behind with only $2.2 billion on-chain.   The technology is already unlocking new markets. Government securities, which were previously limited to large institutions, are now accessible to smaller investors via tokenization. The BlackRock USD Institutional Digital Liquidity Fund (BUIDL), launched in March 2024, has accumulated $514 million in assets on the Ethereum blockchain.   Read more: The Rise of Real World Asset Tokenization (RWA): Unlocking Asset Liquidity   Fractional Ownership and Tokenized Markets Are Transforming Finance  Source: Tren Finance   RWAs bring unparalleled flexibility to investment. Tokenized assets allow fractional ownership, giving investors access to traditionally exclusive markets. For example, instead of needing millions to buy real estate, blockchain enables purchasing a fractional share of the property, making high-value investments more accessible.   The Tren Finance report states, “The tokenization of real-world assets unlocks liquidity and transparency in traditionally illiquid markets. Investors can now trade fractional shares of fine art, commercial properties, and carbon credits across blockchain platforms.”   Additionally, private credit markets are also joining the blockchain revolution. Tokenization makes traditionally illiquid loans more tradable and accessible to retail investors.   Read more: Top 5 Crypto Projects Tokenizing Real-world Assets (RWAs) in 2024   Stablecoins and Treasuries are Leading RWA Adoption Source: Tren Finance    Although tokenized government securities only account for $2.2 billion today, this is just the beginning. Projects like Ondo Finance and Franklin Templeton have issued tokenized U.S. Treasury-backed products. BlackRock’s BUIDL fund recently hit $514 million in assets, highlighting growing institutional interest.   Source: Tren Finance    Meanwhile, stablecoins continue to drive most of the RWA activity. With $170 billion worth of stablecoins circulating in 2024, they represent the most successful application of blockchain in traditional finance.   The report highlights how RWAs are helping DeFi innovations thrive by enhancing capital efficiency, liquidity, and composability. Christian Santagata, Product Marketing Manager at re.al, notes, “DeFi innovations have already revolutionized finance, and when combined with RWA tokenization, the possibilities are endless.”   Challenges and Future Outlook for Asset Tokenization Despite the rapid development, challenges remain. Adoption across financial markets is still in progress, and liquidity is limited in some tokenized sectors. Additionally, regulatory frameworks are evolving, posing obstacles for broader integration. However, as blockchain technology matures, experts predict faster onboarding and market liquidity.   The Tren Finance report emphasizes that RWAs will become a "core component of the financial markets” by 2030, capturing a significant share of global markets. This shift will make investment opportunities more inclusive, efficient, and global.   Conclusion The tokenization of real-world assets is transforming financial markets, unlocking new value and opportunities for both retail and institutional investors. With predictions suggesting that the market could grow 50x to $10 trillion or more by 2030, the Great Tokenization is well underway. Blockchain technology is enabling faster, more efficient transactions, fractional ownership, and enhanced liquidity, reshaping the way we think about investment and asset ownership. As major financial institutions and blockchain projects continue to push forward, RWAs are poised to become a cornerstone of the financial ecosystem in the years to come.

The status of the cryptocurrency market keeps changing very rapidly in October while BTC surpasses $67,000 today. Tesla decided to move $770 million BTC to multiple different wallets today. Milestones have been reached by Bitcoin ETFs, Ripple has ventured into stablecoins, there is increasing institutional demand, and mainstreaming is on the increase. The purpose of this article is to analyze the recent advances in Bitcoin exchange-traded funds, stablecoin initiatives of Ripple, and the growth of the cryptocurrency markets in general. The pace of change that these trends represent suggests adoption and assimilation of cryptocurrencies into mainstream finance.   The crypto market remains in the greed territory today, with the Crypto Fear & Greed Index increasing from 65 to 73. Bitcoin (BTC) has shown positive momentum, trading above $67,000 in the past 24 hours. Despite recent fluctuations, the overall market sentiment leans towards greed.   Quick Market Updates  Prices (UTC+8 8:00): BTC: $67,071, +1.49%; ETH: $2,607, -0.85% 24-hour Long/Short: 50.1% / 49.9% Yesterday’s Fear and Greed Index: 73 (65 24 hours ago), level: Greed Crypto Fear & Greed Index | Source: Alternative.me   Read More: Ethereum’s Future, Bitcoin's Price Surge, and Q3 Insights: Crypto Market Flatlines at $2.3 Trillion: Oct 15   Trending Tokens of the Day  Top 24-Hour Performers    Trading Pair    24H Change HOOK/USDT      +2.81% SUI/USDT      -7.31% AEVO/USDT  +0.41%   Trade now on KuCoin   Industry Highlights Fed’s Bostic: Expected to cut rates by another 25 basis points this year, following the 50 basis points cut in September. Trump family’s crypto project WLFI latest sales: $9.66 million. Tesla transferred all its Bitcoin worth over $770 million to multiple new addresses. Paxos launched a stablecoin payment platform. Ripple announced the first batch of exchanges and platform partners for the RLUSD stablecoin. Tesla Moves $770 Million in BTC to Multiple New Addresses Today Tesla, the electric car manufacturer run by Elon Musk, moved 11509 bitcoins worth around $770 million dollars to new addresses, states onchain data provided by analytics group Arkham Research. This most likely is all that is left from the company’s bitcoin treasury.   In the last hour, the firm which previously made a historical $1.5 billion into bitcoin halfway through February 2021 has transferred around $770 million in bitcoin to approximately 7 new wallets. These movements of tokens were the tracks of what appears to be six bogus transfers, making it the first direct movement from Tesla wallets since it offloaded most of its bitcoin holdings in 2022.   As of Oct. 15, Bitcoin had a cumulative value of approximately 9,720 BTC valued at approximately 650 million dollars, a sharp downturn from the 43,000 BTC it previously held BTC-value. On the other hand, Arkham hive believes that there are up to 11,509 BTC within 68 different Bitcoin addresses worth 770 million at the rate today. Musk's space flight company is expected to have an extra 8,285 Bitcoin assets according to the estimates of BitcoinTreasuries.   Among publicly traded BTC holders organizations, Tesla ranks third after MicroStrategy and MARA (formerly Marathon Digital). Models manufactured by the electric vehicle producer are paid for in bitcoins.   Bitcoin ETFs: A Record-Breaking Surge The cryptocurrency market is evolving rapidly, marked by significant developments in Bitcoin exchange-traded funds (ETFs) and Ripple’s stablecoin initiatives. On October 14, US-based spot Bitcoin ETFs experienced a remarkable surge, recording net inflows of $555.9 million. This influx represents the largest single-day inflow since June, signaling increasing institutional interest in Bitcoin as a viable investment asset. Fidelity's ETF led the charge with $239.3 million in new capital, while Bitwise followed closely with over $100 million. Additionally, Franklin Templeton and Valkyrie reported their first inflows for October, along with the Grayscale Bitcoin Trust (GBTC) and its mini GBTC fund. According to ETF Store President Nate Geraci, this day was a "monster day" for Bitcoin ETFs, with total net inflows approaching $20 billion over the past ten months. This growth not only surpasses pre-launch demand estimates but also indicates a shift in investor behavior toward greater participation from financial advisors and institutional investors. Daily Bitcoin ETF inflows (green) on Oct. 14 were the highest since June. Source: CoinGlass   Read More: MicroStrategy Eyes Trillion-Dollar Valuation, WLFI Token Sale Approaches, and Bitcoin Search Volume Drops to Yearly Low: Oct 14   Ripple’s RLUSD: The Future of Stablecoins In another significant development, Ripple announced partnerships with several prominent exchanges to facilitate the distribution of its upcoming RLUSD stablecoin. Partners include Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish. Ripple's CEO Brad Garlinghouse emphasized that there has been strong demand from customers for high-quality stablecoins like RLUSD to support various financial applications such as payments, asset tokenization, and decentralized finance (DeFi).    Ripple CEO Brad Garlinghouse, who wrote in an Oct. 15 announcement:   “Customers and partners have been asking for high-quality stablecoins like RLUSD to use across various financial use cases, such as payments, tokenization of real-world assets, and decentralized finance.”   The RLUSD stablecoin is designed to be an enterprise-grade solution that will be overcollateralized, meaning each unit will be backed 1:1 by US dollar reserves or short-term cash equivalents. Ripple has already deployed RLUSD for testing on both the XRP Ledger and Ethereum mainnets since August 9. The company plans to leverage RLUSD alongside its existing XRP token to facilitate faster and more cost-effective cross-border payments.   Conclusion Bitcoin ETFs have pulled in record inflows, Ripple’s RLUSD stable coin is on the rise, and the market continues to mature. Furthermore, Tesla moved 11509 bitcoins worth around $770 million dollars to new addresses. There is definitely rising institutional interest in the space, new innovations are coming forth, and digital assets are becoming embedded within the conventional economy. The situation of cryptocurrency seems favorable, with better chances for investments and greater acceptance in this circle. As always, investors should remain cautious in navigating both opportunities and risks in this dynamic market. Stay tuned to KuCoin news for the latest trends and updates.

Solana’s Total Value Locked (TVL) has hit a major milestone, surpassing $6 billion for the first time since January 2022. The impressive growth marks the revival of Solana’s decentralized finance (DeFi) ecosystem, signaling increasing confidence in the network’s potential. Let's take a closer look at what’s driving this surge.   Quick Take  Solana's TVL surpasses $6 billion for the first time since January 2022 with over 40.72 million $SOL locked in DeFi protocols. Raydium leads Solana's DEX resurgence, surpassing Kamino Finance. Solana now commands 31% of DEX volume across all blockchains. Solana’s TVL growth is driven by liquid staking tokens and restaking protocols like Jito and Solayer. DeFi Activity Boosts Solana’s TVL Solana DeFi TVL | Source: DefiLlama    As of October 2024, Solana’s TVL reached $6 billion, up from previous lows seen earlier in the year. Over 40.72 million $SOL, or approximately 8.66% of its circulating supply, is now locked in DeFi protocols. This TVL growth isn't just the result of $SOL price appreciation but comes from increased activity in key DeFi protocols. Notably, this figure excludes SOL staked natively, emphasizing pure DeFi engagement.   Solana Leads in DEX Volume Solana’s dominance in decentralized exchange (DEX) volume is also contributing to the network's DeFi growth. In the past few months, Solana flipped Ethereum and other blockchains in both 24-hour and 7-day DEX volume metrics. Solana now holds a 31% share in DEX volume across all blockchains, the highest it has seen in two months.   This increasing volume signals accelerating on-chain activity, further solidifying Solana's position as a DeFi powerhouse.   Read more: Solana vs. Ethereum: Which Is Better in 2024?   Raydium Reclaims Its Throne One of the standout contributors to Solana's DeFi revival is Raydium, the blockchain’s largest decentralized exchange (DEX). Raydium has overtaken Kamino Finance, becoming the second-largest protocol by TVL on Solana. This resurgence highlights Solana’s renewed dominance in the DeFi sector.   Raydium had been a key player during Solana’s DeFi boom in 2021 but saw its market position decline. Now, it’s back on top, thanks in part to the growing popularity of Solana-based meme coins. Platforms like Pump.fun have helped lock liquidity in Raydium, pushing its TVL higher. The total market cap of Solana-based meme coins recently surpassed $11 billion, further boosting the DeFi ecosystem.   Read more: Top Decentralized Exchanges (DEXs) in the Solana Ecosystem   Jito Crosses $2B TVL as Liquid Staking Tokens and Restaking Protocols Rise Jito TVL | Source: DefiLlama    Another key driver behind Solana’s TVL growth is its thriving Liquid Staking Token (LST) ecosystem. Leading the charge is Jito, the largest liquid staking protocol on Solana, which has amassed over $2 billion in TVL. Jito’s rebranding as a restaking protocol has added to its appeal, especially with the rise of restaking in the Solana ecosystem. Solayer, another restaking protocol, has surpassed $204 million in TVL, further contributing to Solana’s DeFi growth.   Some crypto exchanges have launched liquid staking tokens on Solana, driving more participation and attracting users to the network. The success of these liquid staking protocols shows the potential for restaking to become a major trend in Solana’s DeFi space.   Read more: Restaking on Solana (2024): The Comprehensive Guide   How High Can SOL Price Go?  SOL/USDT price chart | Source: KuCoin   Solana’s growth in DeFi has been mirrored by a price surge for its native token, $SOL. As of October 14, 2024, $SOL hit a peak of $160, up 20.43% over the past seven days. This price increase has also drawn attention to the network's growing DeFi ecosystem, attracting new users and capital.   With the upcoming Federal Reserve meeting and positive macroeconomic conditions, the bullish sentiment surrounding Solana shows no signs of slowing down. Key stakeholders continue to lock their $SOL in staking contracts, with $2 billion worth of $SOL staked in recent weeks.   Conclusion As Solana’s DeFi ecosystem expands, key players like Raydium, Jito, and Solayer will continue to drive TVL growth. The recent surge in meme coin market cap and Solana's leadership in DEX volume suggest that the network is poised for further success. The combination of rising liquid staking participation, increasing on-chain activity, and growing protocol engagement makes Solana one of the most promising blockchains in the DeFi sector.   Solana's DeFi resurgence has lifted its TVL beyond the $6 billion mark for the first time since 2022, largely fueled by strong participation in DeFi protocols, liquid staking tokens, and rising on-chain activity. These developments have positioned Solana as a key player in the DeFi ecosystem. However, while the momentum is encouraging, it's important to remember that the crypto market is highly volatile, and external factors such as regulatory changes or broader market corrections could impact Solana's future growth. Investors should carefully assess the risks and stay informed before making any investment decisions.   Read more: Solana Unveils the Seeker Smartphone: A New Era for Web3 Mobile Technology

The crypto market experienced an upswing today led by major tokens such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The global market capitalization increased by 1.8%, reaching approximately $2.23 trillion. Bitcoin surged past $66,000, showing significant price momentum. Ethereum co-founder Vitalik Buterin also shared insights on Ethereum's progress after the Merge, discussing opportunities for further improvement. These developments reflect growing optimism and positive trends in the crypto market.   The crypto market is in the greed territory today, with the Crypto Fear & Greed Index increasing from 48 to 65.  Bitcoin (BTC) has shown positive momentum, trading above $66,000 in the past 24 hours. Despite recent fluctuations, the overall market sentiment leans towards greed.   Quick Market Updates  Prices (UTC+8 8:00): BTC: $66,087, +5.11%; ETH: $2,630, +6.53% 24-hour Long/Short: 52.1%/47.9% Today’s Fear and Greed Index: 65 (48 24 hours ago), level: Greed   Crypto Fear & Greed Index | Source: Alternative.me   Read More: MicroStrategy Eyes Trillion-Dollar Valuation, WLFI Token Sale Approaches, and Bitcoin Search Volume Drops to Yearly Low: Oct 14   Trending Tokens of the Day  Top 24-Hour Performers    Trading Pair    24H Change SUI/USDT      +0.18% SOS/USDT  +41.07% BTC/USDT  +5.00%   Trade now on KuCoin   Industry Highlights Fed’s Kashkari suggests that additional “moderate” rate cuts are advisable.   Tether is considering offering loans to companies in the commodity trading sector.   Deutsche Bank will offer foreign exchange services to the crypto market maker Keyrock.   Telegram plans to establish an office in Kazakhstan to enhance its regulatory compliance efforts.   HashKey is set to launch a tokenization initiative next year.   The Bitcoin staking platform Solv Protocol has secured $11 million in funding, with investors such as Laser Digital and Blockchain Capital, and is now valued at $200 million.  Vitalik Buterin Reflects on Ethereum’s Post-Merge Future Vitalik Buterin shared thoughts on Ethereum’s potential upgrades in a blog post on Oct. 14. He focused on faster transaction speeds and better access for solo stakers. After the Merge, which moved Ethereum to proof-of-stake, the network still takes up to 15 minutes for transactions. This causes delays and congestion. Due to the current staking barriers, Buterin wants to reduce the staking requirement from 32 ETH to 1 ETH, which could help more people participate in securing the network.     Bitcoin’s Price Surge and Market Movements On Oct. 14, Bitcoin jumped above $64,000, leading to more than $100 million in liquidations. Bitcoin hit a high of $64,173, its best level since late September. This price spike forced the liquidation of over $101.4 million in short positions, including $52.33 million in Bitcoin shorts. Overall, 54,649 traders were liquidated for $166 million.   Bitcoin’s rise reflects growing positive market sentiment. It gained 2.1% in the last 24 hours and reclaimed the $64,000 range after weeks of trading lower. This movement pushed Bitcoin’s dominance back to over 58%, a level not seen since April 2021. Ethereum also saw a boost, hitting a two-week high of $2,540 after gaining 2.9%.   Bitcoin short sellers made up over half of the short liquidations in the past 24 hours. Source: CoinGlass   Coingecko Q3 2024 Report: Key Market Trends Coingecko’s Q3 2024 report showed that the global crypto market cap dropped 1%, losing $95.8 billion. However, decentralized finance (DeFi) and NFTs continued to grow. Prediction markets saw a 565.4% increase, led by Polymarket. Ethereum layer two (L2) networks also grew by 17.2%, with the Base network making up 42.5% of that activity. Memecoins are  the top-performing digital asset sector in 2024, driven by new token creation on Solana, Tron, and most recently, Sui. The Sui memecoin space is among the most trending, following Solana memecoins and Tron memecoins in the crypto market lately.    CoinGecko’s Q3 report emphasizes a market characterized by resilience and changes in dominance. The evolving landscape of exchanges reveals ongoing competition among key players, indicating that innovation and adaptability will shape the future of the cryptocurrency sector.   Source: CoinGecko   Coingecko’s COO and co-founder, Bobby Ong stated, “In the final quarter of 2024, we’ll closely monitor geopolitical and macroeconomic factors—particularly the U.S. Presidential Elections and Fed monetary policy decisions—unfold.”   Read more: Memecoins Surge, Upbit Under Fire for Monopoly Concerns, and More: Oct 11   Conclusion: Bitcoin’s Volatility and Investment Considerations Bitcoin’s rise above $66,000 shows how quickly its price can change. While its performance is impressive, it remains highly volatile. If you plan to invest in Bitcoin, only put in money you’re comfortable losing. Diversifying your investments can help reduce the impact of Bitcoin’s fluctuations.  As detailed in Coingecko's Q3 report, the broader market has faced fluctuations, with a slight decrease in market capitalization alongside notable growth in decentralized finance and NFTs. The changing dynamics within major exchanges also reflect the competitive nature of this space.   In summary, the cryptocurrency landscape is marked by both opportunities and challenges. If you’re looking to invest, stay informed about market trends, and always prioritize risk management by diversifying your portfolio. As always, investors should remain cautious in navigating both opportunities and risks in this dynamic market. Stay tuned to KuCoin news for the latest trends and updates.

Hello, Hamster Kombat CEO! Did you withdraw your $HMSTR yesterday and trade it for profit? $HMSTR was finally launched on CEXs, including KuCoin, on September 26 after months of hype. $HMSTR is now trading at $0.004441 at the time of writing.   Now the game is in its Interlude Season, and your efforts in solving daily challenges to maintain your edge as a Hamster Kombat player will pay off. Hamster Kombat’s mini-game puzzle offers a chance to earn valuable golden keys, with the mining phase ending on September 20, 2024.    Quick Take Solve today's Hamster Kombat mini-game puzzle and claim your daily golden key for the day. The $HMSTR token airdrop and TGE event took place on September 26, 2024. $HMSTR  token was listed on top centralized exchanges, including KuCoin, on the same day.  Boost your earnings with the new Hexa Puzzle mini-game and exploring Playground games In this article, we provide the latest puzzle solutions and tips on how to secure your golden key, along with insights into the new Playground feature, which can boost your airdrop rewards.   Read More: What Is Hamster Kombat Hexa Puzzle Mini Game and How to Play?    Hamster Mini Game Puzzle Solution, October 15, 2024 The Hamster mini-game sliding puzzle mimics the fluctuations of a crypto price chart’s red and green candlestick indicators. Here’s how to solve it:     Analyze the Layout: Examine the puzzle to spot the obstacles. Move Strategically: Focus on clearing the candles that block your path. Quick Swipes: Speed is crucial! Make sure your moves are fast and accurate to beat the timer. Monitor the Clock: Keep an eye on the countdown to avoid running out of time. Don’t worry if you fail! You can retry after a short 5-minute cooldown.   Hamster Kombat ($HMSTR) is launched on KuCoin for spot and futures trading. You can deposit $HMSTR with 0 gas fees and start trading the token now!   Hamster Kombat’s New Hexa Puzzle Mini-Game to Mine Diamonds In addition to the sliding puzzle, Hamster Kombat has introduced the Hexa Puzzle, a match-based game that allows you to stack tiles on a hexagonal grid and continuously earn Hamster diamonds. It’s a fantastic way to accumulate diamonds ahead of the token launch, with no restrictions.   Earn More Diamonds From Games in the Playground The Playground feature offers opportunities to earn valuable diamonds by engaging with partner games. Each game provides up to four diamonds. Here’s how to participate:   Select a Game: Choose from 17 available games, including Train Miner, Coin Masters, and Merge Away. Complete Tasks: Play and complete tasks to grab diamonds. Redeem in Hamster Kombat: Enter your key code in Hamster Kombat to boost your earnings in the game. These games are simple, free-to-play, and enhance your earning potential for the upcoming $HMSTR airdrop.   Hamster Kombat TGE and Airdrop is Here  The highly anticipated $HMSTR token airdrop finally took place yesterday, on September 26, 2024. Previously, the token was available for pre-market trading on platforms such as KuCoin. Yesterday, the token distribution occurred, and users have now received their tokens after months of waiting. Besides, players can now withdraw their tokens to selected CEXs including KuCoin from other TON-based wallets in Telegram.   As the airdrop event took place, The Open Network (TON) faced challenges due to a heavy network load caused by the large number of minted tokens generated on the platform.   Read more: Hamster Kombat Announces Token Airdrop and Launch on The Open Network for  Hamster Kombat Airdrop Task 1 Goes Live: How to Link Your TON Wallet Hamster Kombat Adds Airdrop Allocation Points Feature Ahead of HMSTR Airdrop As per the Hamster Kombat whitepaper, sixty percent of the total token supply will be distributed to eligible players, while the rest will go toward market liquidity and ecosystem growth, ensuring long-term sustainability.   Hamster Kombat Welcomes the Interlude Season before the Season 2 Starts  The conclusion of Hamster Kombat Season 1 doesn’t mark the end of the game, as players now enter the Interlude Season. This warm-up phase will last a few weeks before the launch of Season 2. During this period, players can focus on farming diamonds, which will provide advantages in the upcoming season. The more diamonds you collect, the greater the benefits in Season 2. The Interlude Season offers a valuable opportunity for players to prepare and get ahead before new challenges and rewards are introduced.   Read More: Hamster Kombat Welcomes the Interlude Season Before the Token Airdrop on    Conclusion Now that the $HMSTR token has officially launched and the TGE has occurred, you can still stay active in Hamster Kombat’s daily puzzles and Playground games. Continue collecting keys to enhance your rewards and take advantage of ongoing opportunities as you wait for Season 2 to kick off.   For more updates and details, bookmark this page and follow KuCoin News.   Read more: How to Buy and Sell Hamster Kombat (HMSTR) Tokens: A Comprehensive Guide  

Last Friday, the U.S. Producer Price Index (PPI) for September remained flat compared to the previous month, easing concerns triggered by the Consumer Price Index (CPI). This relief sparked gains in both U.S. stocks and the crypto market over the weekend. As we move through this week, there are no significant macroeconomic data releases on the horizon. However, the market will closely watch earnings reports from tech giants TSMC and ASML, which could provide fresh insights into AI developments.   In today’s roundup of crypto news, MicroStrategy sets its sights on a trillion-dollar valuation as part of its plan to become the world’s leading bitcoin bank. Paradigm invests $20 million in a Layer 2 blockchain project, while Arkham prepares for the launch of a crypto derivatives exchange. Bitcoin search volumes have hit their lowest point since the FTX collapse, reflecting waning retail interest, while World Liberty Financial (backed by the Trump family) gears up for its WLFI token sale. Additionally, a massive phishing attack results in a crypto whale losing $35 million, and China’s upcoming fiscal stimulus announcement could bring fresh volatility to the market.   The crypto market remains in neutral territory today, with the Crypto Fear & Greed Index slightly decreasing from 50 to 48. Bitcoin (BTC) has shown positive momentum, trading above $63,800, up by over 2% in the past 24 hours. Despite recent fluctuations, the overall market sentiment remains steady.   Quick Market Updates  Prices (UTC+8 8:00): BTC: $64,359, +2.90%, ETH: $2,531, +3.16% 24-hour Long/Short Ratio: 57.775%/42.25.8% Today’s Fear and Greed Index: 48 (24 hours ago: 50), indicating neutral sentiment Crypto Fear & Greed Index | Source: Alternative.me   Trending Tokens of the Day  Top 24-Hour Performers    Trading Pair    24H Change BRETT/USDT      +13.80% WLD/USDT  +9.58% ENA/USDT  +6.64%   Trade now on KuCoin   Industry Highlights The probability of a 25-basis-point rate cut by the U.S. Federal Reserve in November is now at 95.6%, with just a 4.4% chance of no rate cut. On Polymarket, Donald Trump’s chances of winning the U.S. election have risen to 54.9%, 10 percentage points higher than Kamala Harris. Google searches for Bitcoin have dropped to their lowest levels since the FTX collapse, reflecting declining retail interest. SpaceX’s “Starship” successfully ignited and launched, marking a significant milestone for space exploration. MicroStrategy Targets Trillion-Dollar Valuation in Bitcoin Bank Endgame Michael Saylor, CEO of MicroStrategy, revealed his vision for the company to become the world’s leading bitcoin bank, projecting a potential trillion-dollar valuation. Saylor believes Bitcoin, currently making up just 0.1% of global financial capital, could rise to 7% by 2045, pushing its price to $13 million.   Saylor also highlighted the firm’s strategy of leveraging capital markets to arbitrage between debt and Bitcoin, predicting that the cryptocurrency will grow at an average of 29% annually. MicroStrategy now holds 252,220 BTC, valued at over $15 billion.   "We just keep buying more. Bitcoin is going to go to millions a coin, you know, and then we create a trillion-dollar company," Saylor remarked.   Read more: MicroStrategy's Bitcoin Holdings and Purchase History: A Strategic Overview   China’s Fiscal Stimulus Announcement Could Impact Bitcoin China is set to announce new fiscal stimulus measures this Saturday, which could have a ripple effect on global financial markets, including crypto. Analysts predict that the announcement could bring increased volatility in Bitcoin prices, especially if the stimulus is more aggressive than expected.   "Easing monetary and fiscal conditions puts a bid under risk assets, and crypto is likely to benefit," said Alex Tapscott, Managing Director of Digital Asset Group.   ‘Bitcoin’ Search Volume Drops to a Yearly Low, While ‘Memecoin’ Surges Search interest for Bitcoin drops | Source: Google Trends    Google search volumes for the term “Bitcoin” reached a yearly low during the week of October 12, 2024, with interest dropping to 33 out of 100. Meanwhile, memecoins saw a surge in popularity, with a search volume of 77 out of 100 during the same period.   According to CryptoQuant CEO Ki Young Ju, search volume for memecoins could reclaim its previous all-time high by the end of October as market interest in these assets remains high. Memecoins have been the top-performing digital asset sector in 2024, driven by new token creation on Solana, Tron, and most recently, Sui. The Sui memecoin space is among the most trending, following Solana memecoins and Tron memecoins in the crypto market lately.    On October 9, nearly 20,000 new tokens were minted on the Solana network within 24 hours, many of which were memecoins. The memecoin craze on Solana has been fueled by platforms like Pump.Fun, which provide quick liquidity and low transaction fees on decentralized exchanges like Raydium.   Read more: Memecoins Surge, Upbit Under Fire for Monopoly Concerns, and More: Oct 11   World Liberty Financial to Launch WLFI Token Public Sale Source: Donald Trump on X    World Liberty Financial (WLF), a DeFi project backed by former President Donald Trump and his family, will launch the public sale of its WLFI tokens on October 15. The project, which opened its whitelist in late September, aims to raise $300 million by selling 20% of its token supply at a $1.5 billion valuation.   WLF plans to launch a version of the DeFi lending platform Aave on Ethereum and Layer 2 network Scroll, allowing users to lend and borrow assets like Bitcoin, Ether, and stablecoins. The Trump family’s involvement has drawn both support and criticism from the crypto community.   Read more: Top PolitiFi Coins to Watch in 2024   Uniswap’s New Layer 2 Blockchain Unichain Could Generate $468M Annually for UNI Holders UNI/USDT price chart | Source: KuCoin   Uniswap Labs has launched its new Layer 2 blockchain, Unichain, which could bring in nearly $500 million annually for UNI token holders by redirecting fees that would have previously gone to Ethereum validators. The move allows Uniswap to capture $368 million in transaction fees and up to $100 million in Maximum Extractable Value (MEV), boosting the potential earnings of both tokenholders and liquidity providers through staking.   However, Ethereum holders are expected to lose out due to fewer fees being burned on Ethereum, as Unichain redirects revenue to Uniswap’s ecosystem. Launched on October 10, Unichain aims to provide faster, cheaper transactions and improved interoperability across blockchain networks. While met with mixed reactions, the move is a significant step for Uniswap as it strengthens its position in the DeFi sector.   Conclusion In conclusion, the crypto market continues to navigate a landscape marked by macroeconomic factors, shifting regulatory frameworks, and evolving technological advancements. MicroStrategy’s ambitious goal to become a trillion-dollar bitcoin bank underscores the growing institutional belief in Bitcoin’s potential, while World Liberty Financial’s upcoming token sale highlights the expanding influence of high-profile figures in the DeFi space. Despite the dip in Bitcoin search volume to a yearly low, the surge in memecoin interest shows that certain sectors of the crypto market remain highly active and speculative. As China’s fiscal stimulus announcement looms, market participants will be watching closely for any impact on Bitcoin and broader market volatility. As always, investors should remain cautious in navigating both opportunities and risks in this dynamic market.

Puffer Finance is making waves in the decentralized finance (DeFi) space with its upcoming airdrop and expanded token utility. The platform has announced the launch of its governance token, $PUFFER, with new features aimed at increasing community engagement. Alongside this, Puffer Finance will distribute a significant portion of its tokens to early adopters and participants in the DeFi ecosystem through an airdrop.   Quick Take The Puffer Finance airdrop will run from October 14, 2024, to January 14, 2025, allowing ample time for participants to claim their tokens. A total of 13% of the $PUFFER token supply has been allocated for the airdrop, rewarding early adopters and active community members. Puffer Finance has introduced a governance model where users can stake $PUFFER tokens to receive vePUFFER, giving them voting power in protocol decisions. 40% of the total token supply is dedicated to community incentives and ecosystem development, ensuring continuous growth and engagement. Puffer Finance is a decentralized finance (DeFi) platform focused on liquid restaking and Ethereum-based rollup solutions. Its airdrop distributes 13% of the $PUFFER token supply to early adopters and community members, offering them governance power and the opportunity to participate in key decisions within the platform. This move highlights Puffer Finance's commitment to decentralization and community-driven growth.   Read more: Top Liquid Restaking Protocols of 2024   All About the Puffer Finance ($PUFFER) Airdrop According to an official announcement shared on X, Puffer Finance will launch its airdrop campaign, starting October 14, 2024 and running through to January 14, 2025. This airdrop allocates 13% of the total supply of $PUFFER tokens, rewarding early adopters and those who have actively participated in Puffer’s ecosystem. Participants from the first season, known as the “Crunchy Carrot Quest,” already received 7.5% of the token supply. With Season 2, another 5.5% of the supply will be distributed.   Puffer Finance Airdrop Timeline: Key Dates to Know  Snapshot for Season 1 Airdrop: October 5, 2024 Season 1 Airdrop Start Date: October 14, 2024 Airdrop End Date: January 14, 2025 Total $PUFFER Token Supply: 1 Billion Airdrop Allocation: 13% of total supply Who Is Eligible for the $PUFFER Airdrop?  Eligibility for the Puffer Finance airdrop is based on the following criteria: Early Adopters: Users who have interacted with the Puffer Finance ecosystem before certain key dates, such as participating in early staking programs or governance activities, are eligible for the airdrop. Participants in the "Crunchy Carrot Quest": Those who took part in Puffer Finance’s "Crunchy Carrot Quest" Season 1, which involved completing specific tasks and activities, are eligible for a portion of the airdrop. Community Engagement: Active members of the Puffer Finance community, including those who contributed to the development or promotion of the platform, may also qualify. Snapshot Criteria: A snapshot of eligible wallets was taken on October 1, 2024. Wallets that met the interaction and holding criteria at the time of the snapshot are eligible for the airdrop. Ethereum Supporters: A small portion of the airdrop has been allocated to those who support Ethereum’s core development, as Puffer Finance has earmarked 1% of the token supply for the Ethereum network. These eligibility criteria may vary slightly depending on announcements from Puffer Finance, so it is essential to check the official website and channels for the most up-to-date information.   How to Participate in and Claim Puffer Finance Airdrop  To claim the Puffer Finance airdrop, follow these steps:   Check Eligibility: Ensure that you meet the criteria for the airdrop. Eligibility is often based on early adoption, activity within the Puffer Finance ecosystem, or participation in specific events like the "Crunchy Carrot Quest." Visit the Official Puffer Finance Website: Go to the official Puffer Finance airdrop claim page, which will be accessible through their website or official social media channels. Be sure to use only trusted links to avoid phishing scams. Connect Your Wallet: You’ll need to connect a compatible cryptocurrency wallet, such as MetaMask, to the Puffer Finance claim page. Ensure your wallet supports Ethereum or other required networks. Claim Your Tokens: If you're eligible, you will see the number of $PUFFER tokens available for you to claim. Simply click the "Claim" button and follow the on-screen instructions. Confirm the Transaction: Once you initiate the claim, confirm the transaction in your wallet. Be prepared to pay a small gas fee, as is typical with Ethereum-based transactions. Receive Your Tokens: After confirming, your $PUFFER tokens will be sent to your connected wallet. Important Notes The airdrop claim period runs from October 14, 2024, to January 14, 2025, so ensure you claim your tokens within this time frame. Only use the official Puffer Finance website and channels to avoid scams or phishing attempts. Verify your wallet's security before connecting it to any third-party site. Puffer Finance (PUFFER) Tokenomics Breakdown Source: Puffer Finance blog    The $PUFFER token has a capped supply of 1 billion tokens. Of this, 40% is reserved for community initiatives and ecosystem development. Another 20% is allocated for early contributors and advisors, with a three-year vesting schedule to ensure long-term dedication to the project.   Additionally, 1% of the supply is set aside for Ethereum core development, showcasing Puffer’s commitment to supporting the Ethereum network. While this may seem like a small percentage, it plays a significant role in the platform’s long-term goal of advancing Ethereum’s infrastructure.   Governance and Voting Power: Stake PUFFER, Earn vePUFFER  Puffer Finance has introduced a governance model that allows its community to have a direct say in the platform’s decisions. By staking $PUFFER tokens, users can earn vePUFFER tokens, which grant voting power within the ecosystem. This governance model ensures that the community has a voice in shaping the future of Puffer.   Puffer's governance process is built on trust and transparency, empowering users to participate in key decisions and helping the platform align with Ethereum’s decentralized principles.   Puffer Finance Expands Utility to Liquid Restaking and Rollups Puffer Finance initially gained recognition with its liquid staking token, Puffer LST. However, the platform has expanded its offerings to include liquid restaking services through EigenLayer. Puffer’s liquid restaking feature allows users to maximize their staking potential while contributing to network security.   In addition, Puffer Finance is developing UniFi, a rollup solution designed to enhance transaction sequencing on Ethereum. UniFi AVS, another innovative product in the pipeline, will offer a pre-confirmation service, allowing faster and more efficient rollups. Together, these products are set to improve the scalability and efficiency of Ethereum’s network.   Read more: What Is EigenLayer? Ethereum’s Restaking Solution   The Future of Puffer Finance With the $PUFFER token launch and the expanded suite of products, Puffer Finance is positioning itself as a key player in the Ethereum ecosystem. The governance model, combined with the platform’s focus on liquid restaking and rollups, ensures that Puffer is aligned with the principles of decentralization.   The airdrop campaign will continue to draw attention, as community members can claim their tokens and engage with the platform’s governance structure. As Puffer Finance continues to grow, its community will play a crucial role in guiding its future developments.   Conclusion Puffer Finance’s expanded token utility and governance model signals a new phase for the platform. With the upcoming airdrop and community-driven initiatives, Puffer aims to enhance its presence in the DeFi space while contributing to Ethereum's decentralization efforts. The $PUFFER token will offer rewards to early adopters and enable the community to participate in key platform decisions.   As Puffer Finance progresses with its airdrop and new developments, it is positioned to grow within the decentralized ecosystem. However, participants should carefully assess potential risks, including market volatility and changes in token value, before engaging with the platform.   Read more: Puffer (PUFFER) Gets Listed on KuCoin! World Premiere!

In today’s whirlwind of crypto news, the major South Korean exchange, Upbit is in the spotlight as local regulators launch a monopoly investigation, headlines today's Daily on Crypto Brew. U.S. Representative Tom Emmer is calling the recent overturn of the Chevron doctrine, which he implies won't have much impact in the crypto space unless Congress steps in. Furthermore, OpenAI has officially fired back at Elon Musk in a legal filing, accusing the tech mogul of harassment.    The crypto market showed fearful sentiments today as major coins experienced price small decreases. The Crypto Fear & Greed Index decreased from 39 to 32 today leaning more towards the ‘fear’ zone. Bitcoin (BTC) remains volatile this week and has dipped below 60,000 today.   Quick Market Updates Prices (UTC+8 8:00): BTC: $60,319, -0.53%, ETH: $2,386, +0.67% 24-hour Long/Short Ratio: 48.2%/51.8% Yesterday’s Fear and Greed Index: 32 (24 hours ago: 39), indicating fear Crypto Fear and Greed Index | Source: Alternative.me   Trending Tokens of the Day Top 24-Hour Performers   Trading Pair    24H Change UNI/USDT      +11.42% POPCAT/USDT  +10.14% WIF/USDT  +6.72%   Trade now on KuCoin   Industry Highlights for October 11, 2024 US Inflation Surges: September’s Consumer Price Index (CPI) climbed 2.4% year-over-year, outpacing market expectations, while core CPI hit 3.3%, slightly higher than the predicted 3.2%. Jobless Claims Spike: Initial jobless claims in the U.S. reached 258,000 last week, exceeding forecasts and signaling potential shifts in the labor market. Fed Officials Unfazed: Despite rising inflation, several Federal Reserve officials expressed little concern over September’s CPI data. Fed’s Raphael Bostic remains open to the idea of holding off on a rate cut in November. Bitcoin ETF Insight: Glassnode reveals that the cost basis for Bitcoin ETFs from heavyweights like BlackRock and Fidelity ranges between $54,900 and $59,100. Mt. Gox Delay: The long-awaited compensation process for Mt. Gox creditors have been extended by another year, with a new deadline set for October 31, 2025. Puffer Finance Airdrop: Ethereum’s re-staking protocol, Puffer Finance, will release its airdrop, available for claiming on October 14. Fidelity’s Next Move: Fidelity is gearing up to launch a blockchain money market fund, further expanding its presence in the crypto financial space. Crypto heat map | Source: Coin360    Upbit Under Fire for Monopoly Concerns   South Korea’s Financial Services Commission (FSC) is investigating the country’s largest crypto exchange, Upbit, for potential monopoly practices. During a parliamentary audit, lawmaker Lee Kang-il raised concerns about Upbit’s relationship with online bank K-Bank, pointing out the significant portion of K-Bank's deposits tied to Upbit. This connection, he warned, could pose a bank run risk. FSC Chairman Kim Byung-hwan confirmed the commission's awareness of the issue, stating they would assess Upbit’s dominance under the new Electronic Financial Transaction Act, implemented in mid-September.   Memecoins Surge on Ethereum, Solana, and SUI Amid a Growing Supercycle Narrative Memecoins are experiencing a surge of momentum across multiple blockchains, hinting at the possibility of a memecoin supercycle—a phase marked by explosive price increases driven by speculative trading, social media hype, and community-driven support. One notable example is the Solana-based memecoin MARU, which saw a 120% increase in 24 hours, pushing its value to $0.002663. MARU, inspired by the viral MARU CAT, a Guinness World Record-holding feline, has also gained attention for its charitable donations to the Variety Autism Children’s Project, drawing recognition from Own The Doge, the originator of Dogecoin.   Beyond Solana, memecoins on Ethereum and Sui are also gaining traction. On Ethereum, MOODENG, a memecoin inspired by a viral baby pygmy hippo, surged 480% following a charitable sale of tokens by Ethereum co-founder Vitalik Buterin. The sale raised $181,000 for anti-airborne disease research, showcasing how celebrity involvement can rapidly influence the memecoin market. Sui has also seen significant activity, with its own meme tokens like Sudeng rising to a $150 million market cap, contributing to the growing belief in a potential memecoin supercycle.   Read more: Top Sui Memecoins to Watch in 2024-25   The Memecoin Supercycle: FOMO, Hype, and Community Engagement The growing influence of social media, speculative trading, and retail participation are key factors driving this potential memecoin supercycle. Memecoins like MARU thrive in this environment as communities rally around internet jokes and cultural icons. This has led to a surge in interest and trading activity across blockchains like Ethereum, Solana, and SUI, where meme tokens are gaining prominence. Social media platforms such as X (formerly Twitter) and Reddit play a pivotal role in spreading awareness, creating viral moments, and encouraging retail traders to jump in on the action.   The rise of MARU is emblematic of how new memecoins can capture the market’s attention through a blend of virality and community engagement, a pattern seen in other tokens like Dogecoin and Shiba Inu during previous memecoin cycles. This dynamic, coupled with speculative trading strategies, helps fuel the rapid appreciation of these tokens, resulting in massive gains for early investors. However, it also brings with it the risks of volatility and short-term sustainability, as market sentiment can shift quickly.   Celebrity Endorsements and Charitable Contributions: Fuel for the Fire Another key factor contributing to the recent success of memecoins like MARU is the involvement of high-profile figures and charitable efforts. MARU has gained additional visibility through its partnerships and donations, similar to how Dogecoin benefited from Elon Musk’s tweets. These efforts create a narrative that draws in both crypto enthusiasts and casual investors alike, further driving speculative interest and price momentum.   As the concept of a memecoin supercycle continues to develop, traders are keeping a close eye on these emerging projects across blockchains, ready to capitalize on the next wave of viral growth. However, while the potential for short-term gains is enticing, the inherent risks and volatility in the memecoin market remain a crucial consideration for both new and experienced investors alike.   Bitcoin’s Price Slump and Exchange Inflows   In the past 72 hours, over 63,000 BTC—valued at nearly $1.83 billion—was sent to crypto exchanges, raising eyebrows across the market. Although high exchange inflows don’t always mean immediate selling pressure, the sheer volume suggests investors could be preparing to liquidate. As Bitcoin struggled this week, falling from $64,000 to $62,000 and breaking below its 200-day exponential moving average, analysts are split on where the price will head next. Some believe Bitcoin could drop below $50,000 before rebounding, while others think a rally above $60,000 is essential to reignite investor interest.   Current BTC price action. Source: TradingView    The Bitcoin price slump this week has been driven by a combination of macroeconomic factors and internal market movements. After starting the week at over $64,000, Bitcoin experienced a steady decline, falling to around $62,000 by October 7. The downward trend continued, and by October 10, it had slipped below its 200-day exponential moving average (EMA), which is a key technical indicator used to gauge market momentum and trend direction. Breaking below this level is often seen as a bearish signal, indicating that selling pressure could intensify.   Factors Contributing to BTC Price Slump Bitcoin's price is often influenced by global economic conditions, and this week was no exception. Investors were digesting higher-than-expected inflation data in the U.S., which showed that inflation remains stubbornly high, adding uncertainty about the Federal Reserve’s future monetary policy. Rising inflation typically leads to concerns about potential interest rate hikes, which can reduce liquidity in riskier assets like Bitcoin.   In the United States, jobless claims increased, adding to fears that the economy was indeed slowing, a factor contributing to negative action in the cryptocurrency market. While some look to Bitcoin as an inflation hedge, economic uncertainty makes investors flee to the safety of less volatile assets, at least for the short term.   CryptoQuant's Bitcoin Exchange Inflows Data showed that upwards of 63,000 BTC were sent to crypto exchanges between October 7 and October 9, worth about $1.83 billion. This may be an early warning sign of potential sell-offs as investors always move their holdings from cold storage to exchanges if they decide to sell. The significant increase in inflows brings concerns that further selling pressure might still be upcoming, as there would be additional downward pressure on the price of Bitcoin.   Bitcoin has been caught within a sideways trading range for several months, denying the cryptocurrency an upward trajectory back toward its all-time high of roughly $74,000 reached in March 2024. The more prices do not rise, the less confident some investors will become that a rally could take place anytime soon, which could lead to further sell-offs in the market. Besides, falling below the 200-day EMA will make many traders and institutions turn bearish, which may even further dampen market sentiment.   The possible sale of over 69,000 BTC by the U.S. government-seized in the aftermath of the Silk Road raid-has also added to the bearish ambiance. In such a case, investors are afraid that it would lead to a highly supply-heavy market of Bitcoin, which would push down the price further. While the Bitcoin has not moved, the looming uncertainty continues to affect market sentiment.   Bitcoin exchange inflow. Source: CryptoQuant   In summary, the Bitcoin price slump is being driven by a combination of external economic factors, technical market signals, and concerns over potential large-scale sell-offs. While some analysts believe that Bitcoin could experience further declines before finding a new support level, others are waiting for the price to break above key resistance points to reignite bullish momentum.   Silk Road’s Bitcoin Casts Shadows on the Crypto Market Adding to market jitters, the U.S. Supreme Court has cleared the way for the federal government to sell over 69,000 Bitcoin—seized in the Silk Road raid—after declining to hear a lawsuit that sought to block the sale. This potential influx of BTC into the market has investors on edge, fearing further downward price pressure as the crypto community waits for the government's next move.   The confiscated Silk Road holdings. Source: Arkham Intelligence.   Conclusion In summary, today’s crypto landscape is shaped by major developments that extend beyond market prices. South Korea's Upbit faces regulatory scrutiny over potential monopolistic practices, raising questions about the power dynamics within the country’s crypto exchange scene. Meanwhile, U.S. Representative Tom Emmer downplays the potential impact of the overturned Chevron doctrine on the crypto industry, emphasizing that real change will only come through legislative action. Lastly, the escalating legal battle between Elon Musk and OpenAI adds another layer of intrigue, with accusations of harassment and business ethics at the forefront. These unfolding events underscore the crypto industry’s evolving relationship with global regulatory frameworks, institutional power, and the broader tech space, where legal and economic challenges continue to shape its future trajectory.    Read more: Only 12.7% of Crypto Wallets on Polymarket Make Profits, Satoshi Still a Mystery, BTC Dips, and More: Oct 10

Hello, Hamster Kombat CEO! Did you withdraw your $HMSTR yesterday and trade it for profit? $HMSTR was finally launched on CEXs, including KuCoin, on September 26 after months of hype. $HMSTR is now trading at $0,003924 at the time of writing.   Now the game is in its Interlude Season, and your efforts in solving daily challenges to maintain your edge as a Hamster Kombat player will pay off. Hamster Kombat’s mini-game puzzle offers a chance to earn valuable golden keys, with the mining phase ending on September 20, 2024.    Quick Take Solve today's Hamster Kombat mini-game puzzle and claim your daily golden key for the day. The $HMSTR token airdrop and TGE event took place on September 26, 2024. $HMSTR  token was listed on top centralized exchanges, including KuCoin, on the same day.  Boost your earnings with the new Hexa Puzzle mini-game and exploring Playground games In this article, we provide the latest puzzle solutions and tips on how to secure your golden key, along with insights into the new Playground feature, which can boost your airdrop rewards.   Read More: What Is Hamster Kombat Hexa Puzzle Mini Game and How to Play?    Hamster Mini Game Puzzle Solution, October 11, 2024 The Hamster mini-game sliding puzzle mimics the fluctuations of a crypto price chart’s red and green candlestick indicators. Here’s how to solve it:     Analyze the Layout: Examine the puzzle to spot the obstacles. Move Strategically: Focus on clearing the candles that block your path. Quick Swipes: Speed is crucial! Make sure your moves are fast and accurate to beat the timer. Monitor the Clock: Keep an eye on the countdown to avoid running out of time. Don’t worry if you fail! You can retry after a short 5-minute cooldown.   Hamster Kombat ($HMSTR) is launched on KuCoin for spot and futures trading. You can deposit $HMSTR with 0 gas fees and start trading the token now!   Hamster Kombat’s New Hexa Puzzle Mini-Game to Mine Diamonds In addition to the sliding puzzle, Hamster Kombat has introduced the Hexa Puzzle, a match-based game that allows you to stack tiles on a hexagonal grid and continuously earn Hamster diamonds. It’s a fantastic way to accumulate diamonds ahead of the token launch, with no restrictions.   Earn More Diamonds From Games in the Playground The Playground feature offers opportunities to earn valuable diamonds by engaging with partner games. Each game provides up to four diamonds. Here’s how to participate:   Select a Game: Choose from 17 available games, including Train Miner, Coin Masters, and Merge Away. Complete Tasks: Play and complete tasks to grab diamonds. Redeem in Hamster Kombat: Enter your key code in Hamster Kombat to boost your earnings in the game. These games are simple, free-to-play, and enhance your earning potential for the upcoming $HMSTR airdrop.   Hamster Kombat TGE and Airdrop is Here  The highly anticipated $HMSTR token airdrop finally took place yesterday, on September 26, 2024. Previously, the token was available for pre-market trading on platforms such as KuCoin. Yesterday, the token distribution occurred, and users have now received their tokens after months of waiting. Besides, players can now withdraw their tokens to selected CEXs including KuCoin from other TON-based wallets in Telegram.   As the airdrop event took place, The Open Network (TON) faced challenges due to a heavy network load caused by the large number of minted tokens generated on the platform.   Read more: Hamster Kombat Announces Token Airdrop and Launch on The Open Network for  Hamster Kombat Airdrop Task 1 Goes Live: How to Link Your TON Wallet Hamster Kombat Adds Airdrop Allocation Points Feature Ahead of HMSTR Airdrop As per the Hamster Kombat whitepaper, sixty percent of the total token supply will be distributed to eligible players, while the rest will go toward market liquidity and ecosystem growth, ensuring long-term sustainability.   Hamster Kombat Welcomes the Interlude Season before the Season 2 Starts  The conclusion of Hamster Kombat Season 1 doesn’t mark the end of the game, as players now enter the Interlude Season. This warm-up phase will last a few weeks before the launch of Season 2. During this period, players can focus on farming diamonds, which will provide advantages in the upcoming season. The more diamonds you collect, the greater the benefits in Season 2. The Interlude Season offers a valuable opportunity for players to prepare and get ahead before new challenges and rewards are introduced.   Read More: Hamster Kombat Welcomes the Interlude Season Before the Token Airdrop on    Conclusion Now that the $HMSTR token has officially launched and the TGE has occurred, you can still stay active in Hamster Kombat’s daily puzzles and Playground games. Continue collecting keys to enhance your rewards and take advantage of ongoing opportunities as you wait for Season 2 to kick off.   For more updates and details, bookmark this page and follow KuCoin News. Read more: How to Buy and Sell Hamster Kombat (HMSTR) Tokens: A Comprehensive Guide