💸 Kamala Harris' Forecast for the Crypto Market

According to The Block, Harris stated that as president, she would encourage innovative technologies such as artificial intelligence and digital assets, while simultaneously protecting our consumers and investors.

✔️ Additionally, this week Kamala Harris is set to announce new economic proposals aimed at wealth accumulation in the U.S., reports Reuters.

A good reason for local growth 🔼

🔗 Debates on the Dissolution of the Solana Foundation Took Place in Singapore

At Solana Breakpoint, held in Singapore, Solana Foundation CEO Dan Albert and RockawayX CEO Viktor Fischer discussed whether the Solana Foundation should be dissolved.

✔️ Notably, Albert supported the initiative. He believes the ecosystem has matured, and the community is capable of handling many tasks independently. In his view, the Solana Foundation is becoming an inefficient structure.

Fischer, on the other hand, pointed out that if the delegation program is halted, 60% of validators will cease to be profitable. Moreover, the ecosystem still needs a structure to address governance or regulatory issues.

🥸 The Hamster Kombat team revealed new rules for the airdrop scheduled for September 26, causing frustration among active players.

On the first day, users will only be able to claim 88.75% of the allocated HMSTR tokens. The remaining tokens will be reserved for 10 months, approximately until July 2025.

In addition to the unexpected vesting, the developers prioritized referral leaders and large holders of in-game keys in the token distribution. Regular users, considering the pre-market price of HMSTR on OKX ($0.008), will receive between $10 and $60 for six months of daily engagement in the clicker game.

Moreover, only 43% of Hamster Kombat Telegram game users qualified for the airdrop, while 2.3 million were banned for fraud.

🔗 Revolut will launch its own retail trading app to compete with Robinhood and eToro.

The project is currently in the testing phase.

The Revolut Invest app will provide access to nearly 5,000 assets, including U.S. and European stocks, exchange-traded funds, commodities, bonds, and more.

⚠️ Telegram will share the IP addresses and phone numbers of users who violate the platform's rules with authorities.

This was announced by Pavel Durov.

✔️ Telegram has also improved its search system using artificial intelligence. It is now "much safer," and all "problematic content" is no longer accessible.

📊 Ethereum has outpaced Bitcoin in price growth following the recent 50 basis point rate cut by the Federal Reserve.

🔼Over the past seven days, BTC's price increased by 7%, while ETH surged by 14%. Experts point to the dominance of bullish sentiment and increased demand for long positions using leverage.

✔️ QCP Capital also highlighted the rise in the ETH/BTC pair — from Friday's 0.038 to the current 0.0415. The options market indicates a shift in interest from put contracts to calls.

✔️ Binance has backed BNB Chain's gas-free campaign

The exchange will offer zero withdrawal fees for USDT, USDC and FDUSD in BNB Smart Chain and opBNB starting today and until October 19.

💵 As a reminder, BNB Chain announced a solution for gas-free payments with USDT, USDC and FDUSD stablecoins.

✔️ The SEC announced a settlement of charges against TrustToken and TrueCoin LLC. The latter agreed to pay a $340,930 fine.

The charge was that the companies misled investors by claiming that TrueUSD was fully backed by US dollars.

Binance Will List EigenLayer (EIGEN) with Seed Tag Applied
https://www.binance.com/en/support/announcement/29494a3db1034233b65522b9e122d079

📊 Weekly fee revenue on the Ethereum network has reached $45 million.

This is the highest level since June 10, 2024.

IntoTheBlock:

"While the Bitcoin narrative of 'digital gold' is gaining more attention in traditional finance, Ethereum's growing network activity and price dynamics continue to impress."

📈 For the third consecutive week, there have been inflows into cryptocurrency-based funds.

Last week, amid expectations of continued accommodative monetary policy in the U.S., the inflow amounted to $1.2 billion.

Ethereum broke a streak of 5 negative weeks, recording an inflow of $87 million.

📉 On the night of October 2, the price of Bitcoin dropped to the $60,000 level but soon returned to above $61,000.

✔️ The total liquidation volume over the past 24 hours amounted to $524 million, with $452 million being long positions.

📊 Over the last 24 hours, Bitcoin lost 3.5%, while many altcoins fell by 5-10%. Against this backdrop, the Fear and Greed Index in the crypto market dropped to 42 (fear).

‼️ Binance will add a pop-up risk warning for 10 tokens

Binance has announced that trading the 10 tokens listed below will now be accompanied by a pop-up warning about the risks of trading them for users.

This is due to the fact that over the past year and a half, the teams behind these tokens have significantly deviated from the originally planned tokenomics of their projects, particularly by substantially increasing the token supply.

▫️Travala (AV)
▫️Chiliz (CHZ)
▫️Enjin Coin (ENJ)
▫️IOTA (IOTA)
▫️Lisk (LSK)
▫️Metal DAO (MTL)
▫️Orion (ORN)
▫️Self Chain (SLF)
▫️Solar (SXP)
▫️Vanar Chain (VANRY)

Tokenomics refers to the economic model of a token that considers the interests of project participants, including the team, investors, and users.

Typically, it includes the mechanism and schedule for coin distribution.

📉 Recently launched tokens DOGS, CATI, and HMSTR in the TON ecosystem have dropped by 40–50% over the past month.

🚨 Unusual Exchange Inflows
5,059.58 #BTC ($307,540,114)
aggregated inflows to spot exchanges in an hour

1. Coinbase_prime 2,803 BTC (55%)
2. Coinbase_advanced 2,253 BTC (44%)
3. Gemini 2 BTC (0%)

⚠️ The SEC has filed a notice of appeal against Judge Torres' decision in the case against Ripple, which reduced the company's fine to $125 million.

Ripple CEO Brad Garlinghouse called this move unpromising for the Commission.

👀 Edward Snowden called the Solana blockchain overly centralized.

According to the former CIA employee, Solana centralizes everything. And once a country starts interfering, control over the system will be easily taken away. Bitcoin, on the other hand, is designed with the assumption of a worst-case scenario.

If developers don’t design their service to be decentralized at the protocol level, they will face the same situation as Telegram.

❌ The cryptocurrency exchange Kraken will discontinue support for Monero (XMR) for residents of the European Union.