​​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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​​Nitro Labs has raised $4M in a seed funding round led by Lemniscap

Nitro Labs, the team behind Termina, raises $4M in funding led by Lemniscap. Additional round participants included Animoca Ventures, Borderless Capital, Finality Capital, Race Capital, and No Limit Holdings. Termina is an open-source platform that aims to enable developers to easily deploy custom Solana rollups or SVM network extensions. Currently, the network is in its private alpha devnet phase, with its mainnet anticipated to go live next year.

👉🏻 theblock.co/post/323763/solana-scaling-nitro-labs-termina-funding

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​​TOP MEME Tokens by Social Activity

Posts. Posts measure the number of unique social posts across all collected social channels over a rolling 24-hour timeframe.

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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​​FTX has initiated legal action against KuCoin to recover $50M in locked assets

Alameda Research, the subsidiary of the bankrupt crypto exchange FTX, has sued KuCoin to recover over $50M in locked assets. The assets were originally valued at $28M but now exceed $50M due to market fluctuations. Earlier this month, FTX agreed with Bybit to drop its lawsuit against the exchange in a $228M settlement.

👉🏻 cointelegraph.com/news/ftx-estate-sues-kucoin-recover-assets

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​​Top 10 Blockchain Games by Volume (30d)

With the spread of Web3 technologies, blockchain games became the industry trend and keep on attracting the attention of gaming & crypto communities. We have made a recap of top blockchain games by volume in the last 30 days, so let's take a look!

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​​VanEck debuts its $SOL staking offering through the partnership with Kiln

The crypto-friendly asset manager VanEck has partnered with Kiln, an enterprise staking service, to begin staking Solana. Under this collaboration, VanEck will now offer regulated access to Solana staking rewards on top of the price of $SOL. Earlier this month, VanEck disclosed its plans to raise $30M for its first fund to invest in early-stage startups.

👉🏻 blockworks.co/news/vaneck-begins-sol-staking

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​​Top Crypto Projects by Developer Activity in October

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

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​​GraFun will join season 8 of the Most Valuable Builder accelerator program

GraFun has been selected to join season 8 of the Most Valuable Builder accelerator program, run by BNB Chain, Binance Labs, and CMC Labs. Throughout the program, the project will have access to a curriculum covering key topics to address early-stage Web3 project needs such as tokenomics design, fundraising strategies, building teams, and talent. Moreover, Binance Labs will make an investment decision on selected top-performing project teams.

To celebrate the milestone, GraFun has launched a 2x GRA farming boost for the next 48 hours. GraFun operates as a memecoin launchpad utilizing an innovative Fair Curve model.

👉🏻 bnbchain.org/en/blog/meet-the-most-valuable-builder-mvb-season-8-cohort

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​​Alliance Games announces the closure of its $5M Series A investment round

Alliance Games has raised $5M in Series A funding led by Animoca Brands and Asymm Ventures. Additional round participants included The Spartan Group, Dialectic, ZBS Capital, Kyros Ventures, iAngels, Arche Fund, Overwolf, and others. Alliance Games aims to develop a decentralized AI infrastructure built specifically for gaming.

👉🏻 x.com/alliancegamesx/status/1851896821347647907

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​​TRON DAO (TRX) has joined forces with Chainlink (LINK) to join the Scale program

TRON blockchain will integrate Chainlink Data Feeds to become its official data oracle solution, as part of TRON DAO joining the Chainlink Scale program. Through this partnership, the TRON DeFi ecosystem will move to Chainlink Data Feeds for secure and reliable pricing data. Moreover, TRON's participation in the Chainlink Scale program aims to accelerate ecosystem growth and adoption by providing developers with access to high-quality and hyper-reliable oracle services.

👉🏻 prnewswire.com/news-releases/tron-dao-joins-chainlink-scale-chainlink-data-feeds-to-secure-6-5-billion-in-tron-defi-tvl-302292245.html

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​​Coin of the Day by Market Sentiment - The Dogs (DOGS)

Dogs is a community-driven initiative built on the TON Blockchain, designed to leverage Telegram's vast user base and native meme culture.

Predict DOGS price movements on Oriole Insights
👉🏻 app.orioleinsights.io/projects/dogs

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Glow has raised $30M from Framework Ventures and Union Square Ventures

Glow, a blockchain solar company, announces the closure of its $30M fundraising backed by Framework Ventures and Union Square Ventures. This funding round includes $6.5M of funding for the company and $23.5M of solar investment. The firm plans to use the money to scale the company and expand into new countries amid reaching the milestone of $3.4M in on-chain revenue. Glow is an Ethereum-based solar project attempting to achieve 100% renewable energy by decentralizing electric grids around the world.

👉🏻 fortune.com/crypto/2024/10/31/exclusive-glow-a-blockchain-solar-company-raises-30-million-from-framework-and-union-square-ventures

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​​Spire Labs raises $7M in funding led by Maven 11 Capital and Anagram

Spire Labs, an Ethereum scaling infrastructure developer, has closed its $7M seed investment co-led by Maven 11 Capital and Anagram. Among other investors are a16z Crypto Startup Accelerator, Digital Currency Group, Bankless Ventures, L2 Iterative Ventures, Volt Capital, Finality Capital, and several angel investors. Spire develops Based Stack, a rollup framework designed to enable builders to deploy application-specific chains, or appchains.

👉🏻 x.com/Spire_Labs/status/1851987498215608454

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​​Citrea has closed its $14M Series A investment led by Founders Fund

Citrea, a Bitcoin project striving to expand the utility of the original cryptocurrency by using zero-knowledge technology, raises $14M in Series A round. The funding was led by Founders Fund, with participation from Maven11, Mirana, dao5, ZKV, Axiom, as well as, numerous angels. The project has also launched an exclusive developer program, Citrea Origins, to be the driving force behind our mission of a Bitcoin-backed economy.

👉🏻 blog.citrea.xyz/announcing-citrea-series-a-round

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​​Clearpool’s L2 Ozean joins forces with Agora to integrate $AUSD

Ozean has partnered with Agora to bring AUSD into Oxygen (O2), its innovative RWA liquidity layer. AUSD is a digital dollar minted 1:1 with USD fiat, utilizing one of the world’s largest custodian banks to safeguard assets. This innovation offers protocols and users a powerful tool to bootstrap liquidity with a selection of premium, yield-bearing assets. Launched by Clearpool earlier in August, Ozean is an RWA yield-focused Layer 2 network.

👉🏻 clearpool.medium.com/introducing-agoras-ausd-in-ozean-s-rwa-liquidity-layer-oxygen-o2-38fb80e080a1

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​​Ellipsis Labs raises $20M from Haun Ventures to accelerate the launch of its Atlas L2 chain

Ellipsis Labs, the team behind the Solana-based decentralized exchange Phoenix, has raised $20M from Haun Ventures. The funding will be used to accelerate the development of Atlas, a layer-2 blockchain focused on verifiable finance. Earlier in April, Ellipsis Labs raised $20M from Paradigm and Electric Capital to build Phoenix, an order book-style exchange on Solana.

👉🏻 coindesk.com/tech/2024/10/31/ellipsis-labs-raises-20m-from-haun-ventures-to-launch-verifiable-finance-blockchain-atlas

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​​Franklin Templeton takes its tokenized treasury fund to Coinbase’s L2 chain, Base

Franklin Templeton expands its OnChain U.S. Government Money Market Fund (FOBXX) to Base, becoming the first asset manager on the Layer 2. The fund, which has a $410M market cap, is already available on Arbitrum, Polygon, Avalanche, Aptos and Stellar, which functions as the primary public blockchain.

👉🏻 coindesk.com/business/2024/10/31/franklin-templeton-takes-its-tokenized-treasury-fund-to-base-becomes-first-asset-manager-on-the-layer-2

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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.

CryptoDep | Community Chat | Twitter | Telegram

​​Binance has completed their 29th quarterly BNB token burn

Binance has completed their 29th quarterly BNB burn, permanently removing 1,772,712 BNB, or the equivalent of approximately $1.02B. The latest quarterly burn includes the actual burning of 1,710,142 BNB, and 62,569 BNB as an additional burn for BTokens. Every quarter, Binance commits to burning BNB, until 50% of the total BNB supply (approximately 100,000,000 BNB) is removed from circulation.

👉🏻 bnbchain.org/en/blog/29th-bnb-burn

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​​pSTAKE Finance’s $PSTAKE token goes live on Sui via Wormhole

pSTAKE Finance has expanded the support for the $PSTAKE token to the Sui L2 network via сross-chain bridging protocol Wormhole. Users can now transfer their $PSTAKE to Sui via the Portal bridge. pSTAKE Finance is a Bitcoin yield protocol, backed by Binance Labs.

👉🏻 x.com/pStakeFinance/status/1851551195719934157?t=

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​​TOP Crypto Projects by Social Activity

Posts. Posts measures 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.

CryptoDep | Community Chat | Twitter | Telegram