​​Hyperliquid introduces its foundation along with a native $HYPE token

Hyperliquid has established the Hyper Foundation to support the growth of the Hyperliquid blockchain and ecosystem. Moreover, the project has announced an upcoming launch of the $HYPE token and its genesis distribution. To participate, eligible users must review and accept the Genesis Event Terms before November 11th, 23:59 UTC. Hyperliquid is a decentralized perpetual exchange (DEX) built on a high-performance Layer 1 (L1) blockchain.

👉🏻 x.com/HyperFND/status/1845851735363027270

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​​Top Ethereum Layer 2 Projects by Total Value Locked (TVL)

TVL is the overall value of crypto assets deposited in Ethereum Layer 2 networks. The overall TVL among all projects now equals $38.1B with Base, Arbitrum $ARB, Polygon $POL, Scroll $SCR, and Optimism $OP making the top leaders.

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​​Coin of the Day by Market Sentiment - Arkham (ARKM)

Arkham (ARKM) is a blockchain analytics platform that provides a decentralized marketplace for buying and selling on-chain intelligence.

Predict ARKM price movements on Oriole Insights
👉🏻 app.orioleinsights.io/projects/arkham

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SingularityDAO will merge with SelfKey and Cogito Finance to form a joint project

SingularityDAO plans to merge with Cogito Finance and SelfKey to form a combined project, dubbed Singularity Finance. The new entity will develop an L2 network for tokenizing assets like GPUs and offer AI-powered financial tools. Moreover, through this innovation, SelfKey's existing token $KEY becomes Singularity Finance's new token $SFI, while SingularityDAO's $SDAO and Cogito's $CGV will merge into SFI at ratios of 1:80.353 and 1:10.89 respectively.

👉🏻 coindesk.com/business/2024/10/15/singularitydao-plans-to-merge-with-cogito-finance-selfkey-to-form-ai-focused-layer-2

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​​Top Liquid Staking Projects by Developer Activity (30d)

Dev.Activity - the development activity of a project done in its public Github repositories. Development Activity metrics are measured in number of Github events.

Daily Active Addresses (DAA) - the number of unique crypto addresses interacting with (sending or receiving) a particular coin on a daily basis.

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​​Blockstream raises $210M in a convertible note financing round led by Fulgur Ventures

Blockstream, a Bitcoin infrastructure firm, has closed a $210M convertible note financing round led by investment firm Fulgur Ventures. The fresh capital will be used to accelerate the adoption and development of the company's layer-2 technologies, to grow its mining operations, and to expand its bitcoin $BTC treasury.

👉🏻 coindesk.com/business/2024/10/15/blockstream-raises-210m-in-convertible-note-financing-round

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​​Azra Games has raised $42.7M in a funding round led by Pantera Capital

Azra Games, a blockchain gaming startup, announces the closure of its $42.7M funding led by Pantera Capital. Additional round participants included a16z crypto and NFX. The investment follows the project's previous fundraisings and brings Azra’s total funding to date to $68.3M. Azra Games will use the fresh capital to accelerate the development of its Project Legends mobile role-playing game.

👉🏻 venturebeat.com/games/azra-games-raises-42-7m-for-next-generation-mobile-rpg-with-web3-features

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​​Crypto News Digest: Key Updates You Need to Know

This digest provides a quick overview of the most significant cryptocurrency news, that's worth your attention.

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​​Gaming & Metaverse Projects by Social Activity

Posts. Posts measure the number of social posts across all social channels.

Interactions include socially-driven engagements and actions such as likes, comments, retweets, and upvotes.

Social Dominance. Social dominance calculates the "share of voice" across all social media data.

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​​Opacity Network raises $12M in funding led by Archetype and Breyer Capital

Opacity Network has announced the closure of its $12M seed funding round co-led by Archetype and Breyer Capital. Among other investors are a16z Crypto Startup Accelerator (CSX), Finality Capital Partners, Bodhi Ventures, Escape Velocity, North Island Ventures, Ambush Capital, and GD1 VC. Opacity Labs is the developer behind Opacity Network, a data verification platform utilizing zero-knowledge proofs.

👉🏻 x.com/OpacityNetwork/status/1846239543403688030

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​​TOP 10 dApps on BNB Chain by Volume (30d)

A decentralized application (dApp) is a program built on blockchain that combines a smart contract and a front-end user interface. We present the top dApps on #BNBChain by volume in the last 30 days, according to the data from DappRadar.

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​​Predicate has announced the closure of its $7M investment round

Predicate raises $7M from 1kx, Consensys, Hashkey, Tribe Capital, Figment Capital, Reciprocal Ventures, Everstake, cyber Fund, Near Foundation, White Star Capital, and GSR among others. The project allows developers and communities to define and own transaction prerequisites without compromising on decentralization. For now, Predicate will offer a white glove service integration with new clients that it onboards, charging a transaction fee.

👉🏻 x.com/0xPredicate/status/1846206666695491994

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​​Top RWA Projects by Market Capitalization

Real World Assets (RWAs) became one of the most hyped narratives of current market momentum. Let's explore the leading RWA projects ranged by market capitalization.

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​​Vue Protocol has raised $6M in pre-seed and seed funding rounds

Vue Protocol has announced the completion of a $6M pre-seed and seed funding round, backed by Eureka Capital, PAKA, Genesis Ventures, and AU21 Capital. The fresh capital will allow Vue Protocol to accelerate the development of its social infrastructure, enhance the overall user experience, and drive forward integrations with numerous ecosystems. Powered by TON, EigenLayer, and Optimism, Vue Protocol develops the Layer 2 solution for Web3 Social.

👉🏻 vueprotocol.medium.com/vue-protocol-raises-6-million-to-build-the-layer2-for-web3-social-38578296aa52

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​​Top DePIN Projects by Revenue (30d)

DePIN is an acronym, short for Decentralized Physical Infrastructure Networks. Networks that use crypto-incentives to efficiently coordinate the buildout & operation of critical infrastructure.

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​​Bitnomial has announced the closure of its $25M Series C round led by Ripple

Bitnomial announces an upcoming launch of its perpetual futures trading platform, Botanical, backed by a $25M funding round led by Ripple. Moreover, Bitnomial has partnered with Ripple to leverage their stablecoin, RLUSD, for the settlement of the perpetual futures. Bitnomial is a digital asset derivatives exchange company that operates CFTC-regulated exchange, clearinghouse, and brokerage subsidiaries.

👉🏻 x.com/Bitnomial/status/1846188841381593591

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​​Sophon (SOPH) has announced its partnership with CARV (CARV)

Sophon joins forces with CARV, a modular data layer that facilitates data exchange and value distribution across gaming and AI. Through this partnership, CARV’s advanced identity solutions will be integrated into Sophon’s high-throughput platform. Moreover, Sophon has teased the launch of its mainnet in November 2024. Sophon is a community-driven and entertainment-focused ecosystem built atop a modular rollup stack leveraging zkSync's Hyperchain technology, backed by Paper Ventures, Binance Labs, Maven 11, OKX Ventures, and others.

👉🏻 blog.sophon.xyz/carv-sophon-partnership

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​​Coin of the Day by Market Sentiment - Illuvium (ILV)

Illuvium is a decentralized game studio and DAO that combines cryptocurrencies with internet gaming.

Predict ILV price movements on Oriole Insights
👉🏻 app.orioleinsights.io/projects/illuvium

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​​Binance Labs has invested in the Lombard Bitcoin restaking platform

Binance Labs announces its investment in Lombard, the developer, and distributor of LBTC, a security-first Bitcoin liquid staked token. The fresh funding will allow Lombard to expand access to LBTC across new chains, allowing users to stake BTC and mint LBTC. Lombard holds 40% of the Bitcoin LST market, with a Total Value Locked of over $500M or 8.5K $BTC, from over 12,500 users. The project has previously raised $16M in a seed funding round led by Polychain Capital.

👉🏻 binance.com/en/blog/ecosystem/binance-labs-invests-in-lombard-to-connect-bitcoin-to-defi-4826217132625427247

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​​Paxos announces the launch of its new stablecoin payments platform

Paxos has rolled out its new stablecoin payments platform that supports instant conversions between USD and PayPal’s PYUSD, Circle’s USDC and Paxos’ own USDP for received payments, pay-outs, and refunds. Stripe’s Pay with Crypto product is the first to utilize Paxos’ new solution. Moreover, users can choose to immediately convert a stablecoin payment to fiat currency or pay out stablecoin balances directly to merchants.

👉🏻 theblock.co/post/320894/paxos-stablecoin-payments-platform-stripe

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​​Crypto News Digest: Key Updates You Need to Know

This digest provides a quick overview of the most significant cryptocurrency news, that's worth your attention.

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