🚀 Craftt Secures $2 Million Seed Funding Led By Superscrypt
#Craftt #SeedFunding #Superscrypt #DecentralizedPlatform #Freelancers #RemoteWorkers #UniversalBenefits #FinancialConfidence #WorkFreedom #ModularPlatform #GlobalPayments #Compliance #CrafttPass #WorldID #DigitalIdentity #Layer2Infrastructure #EcosystemPartnerships
According to PANews, decentralized platform Craftt has successfully raised $2 million in a seed funding round led by Superscrypt, with participation from DCG and several notable angel investors. Craftt aims to provide universal benefits for the modern workforce, helping independent workers gain financial confidence and achieve work freedom and flexibility.
Craftt's modular platform focuses on offering benefits typically reserved for full-time employees to freelancers, consultants, and remote workers. Utilizing decentralized infrastructure, Craftt simplifies global payments and financial management while meeting compliance requirements through verifiable credentials. The Craftt Pass, currently in public testing, offers users exclusive discounts on global health insurance. Recently, Craftt integrated with World ID, a digital human identity verification system, allowing over 7 million users to log into Craftt Pass and access universal benefits.
Craftt plans to continue developing Layer-2 infrastructure, expanding ecosystem partnerships, and further enhancing user benefits and income opportunities.#Craftt #SeedFunding #Superscrypt #DecentralizedPlatform #Freelancers #RemoteWorkers #UniversalBenefits #FinancialConfidence #WorkFreedom #ModularPlatform #GlobalPayments #Compliance #CrafttPass #WorldID #DigitalIdentity #Layer2Infrastructure #EcosystemPartnerships
🚀 Bitcoin Scaling Solution exSat Network Launches Mainnet
#Bitcoin #exSatNetwork #mainnet #scalingsolution #ChainUp #custodyservices #validatornode
According to Foresight News, the Bitcoin scaling solution exSat Network has officially launched its mainnet. ChainUp Custody, a subsidiary of ChainUp, will provide comprehensive custody services for exSat Network and has already integrated support for the network. Additionally, ChainUp has joined the exSat mainnet and will serve as a validator node.#Bitcoin #exSatNetwork #mainnet #scalingsolution #ChainUp #custodyservices #validatornode
🚀 Investor Gains 3531% Return on SHAR Token Investment
#Investor #SHAR #Token #Investment #Profit #Cryptocurrency #ReturnOnInvestment #MarketTrend #SOL #OnChainAnalysis
According to Odaily, an on-chain analyst identified as @ai_9684xtpa has reported a significant profit from a recent investment in SHAR tokens. The investor, using the address Hxcys...dwNNa, initially invested 40 SOL (approximately $6,728) to acquire 11.4 million SHAR tokens when the market capitalization of SHAR was $530,000. This acquisition cost the investor just $0.000592 per token. Within half an hour of holding the tokens, the investor decided to capitalize on the rising market trend and sold the tokens, securing a profit of $237,000. This transaction resulted in an impressive return on investment of 3531%.#Investor #SHAR #Token #Investment #Profit #Cryptocurrency #ReturnOnInvestment #MarketTrend #SOL #OnChainAnalysis
🚀 BlockFills Appoints Amy Shelly As CFO Amid Expansion Plans
#BlockFills #AmyShelly #CFO #DigitalAssets #Expansion #FinancialServices #InstitutionalTrading #Growth #Strategy
According to Odaily, BlockFills, a digital asset technology and trading company catering to institutions and professional traders, has appointed Amy Shelly as its Chief Financial Officer (CFO). The company is preparing to open international offices, expand its product offerings, and gear up for significant growth in the institutional digital asset sector. Shelly brings over 30 years of financial services management experience, including a six-year tenure as CFO of the Options Clearing Corporation (OCC), the world's largest equity derivatives clearing organization. She is also a licensed CPA with numerous accolades.
In addition, Neil Van Huis, a founding partner, has been promoted to Chief Strategy Officer.#BlockFills #AmyShelly #CFO #DigitalAssets #Expansion #FinancialServices #InstitutionalTrading #Growth #Strategy
🚀 Twine Launches Multi-Chain Settlement Network
#Twine #MultiChain #SettlementNetwork #Liquidity #Ethereum #Solana #Bitcoin #Blockchain #DevX #AntiCensorship #Security #ETH #SOL #BTC
According to Foresight News, Twine has introduced a new project aimed at providing users with access to liquidity across multiple blockchains, including Ethereum, Solana, and Bitcoin, through a single platform. The project seeks to aggregate various chains to offer a seamless user experience and developer experience (DevX). Solana co-founder Toly shared the announcement on social media, expressing his enthusiasm for the project. He highlighted that a single execution environment can adapt to multiple DA layers simultaneously and provide robust anti-censorship guarantees for each layer, surpassing the security of honest majority multi-signature setups.#Twine #MultiChain #SettlementNetwork #Liquidity #Ethereum #Solana #Bitcoin #Blockchain #DevX #AntiCensorship #Security #ETH #SOL #BTC
🚀 Terawulf Proposes $350 Million Convertible Notes Offering
#Terawulf #BitcoinMining #ConvertibleNotes #StockRepurchase #CapitalStructure #ShareholderValue #HighPerformanceComputing #ArtificialIntelligence #StrategicOpportunities
According to Odaily, Bitcoin mining company Terawulf has proposed raising $350 million through a private offering of convertible notes. The company will also grant initial purchasers an option to buy an additional $75 million in notes within 13 days of issuance. While the pricing and interest rate of the offering have not been finalized, the notes are set to mature in 2030.
Terawulf plans to use the proceeds from this offering for general corporate purposes. Additionally, the company intends to repurchase up to $200 million of its outstanding common stock by December 2025. This move is part of a broader strategy to manage its capital structure and enhance shareholder value.
In a separate announcement on Wednesday, Terawulf stated that it will prioritize the stock repurchase plan following significant capital expenditures aimed at supporting organic growth in high-performance computing (HPC) and artificial intelligence (AI). The company is also evaluating potential strategic opportunities, including site acquisitions, to further its growth objectives.#Terawulf #BitcoinMining #ConvertibleNotes #StockRepurchase #CapitalStructure #ShareholderValue #HighPerformanceComputing #ArtificialIntelligence #StrategicOpportunities
🚀 Bitcoin L2 Protocol GOAT Network Launches Founders Club
#Bitcoin #Layer2 #GOATNetwork #FoundersClub #Blockchain #Crypto #Testnet #Development #Ecosystem #Collaboration #BTC
According to Odaily, Bitcoin Layer 2 protocol GOAT Network has announced the launch of its Founders Club. This initiative aims to enable individuals and teams to contribute to the network's development and growth. Founders will have the opportunity to participate in key tracks, collaborate on projects, and become significant members of the GOAT ecosystem. Members can choose from three different tracks, each tailored to different stages of project development, from conception to adoption. Additionally, the GOAT Network testnet is now open to builders and developers.#Bitcoin #Layer2 #GOATNetwork #FoundersClub #Blockchain #Crypto #Testnet #Development #Ecosystem #Collaboration #BTC
🚀 Uniswap Labs Integrates Across for Secure Cross-Chain Transfers
#Uniswap #Across #CrossChain #Blockchain #Ethereum #DeFi #Crypto #Stablecoins #WBTC #ERC7683 #Integration #CryptoTransactions #CrossChainBridge #ETH #UNI
According to Odaily, Uniswap Labs has integrated Across's intent-based bridging functionality, enabling secure and fast transfers of ETH, stablecoins, and WBTC across nine different chains within the Uniswap application. The team stated, 'This integration lays the foundation for asset exchanges between any assets by Uniswap Labs and Across. The upcoming ERC-7683 standard, jointly developed by Uniswap Labs and Across, will further help unify the Ethereum ecosystem by standardizing how cross-chain interactions are expressed in the form of intents.'
Uniswap announced yesterday that its permissionless in-app cross-chain bridge is now live. Uniswap users can now perform cross-chain transactions directly from the Uniswap interface and Uniswap wallet across nine networks. The cross-chain bridge currently supports Ethereum, Base, Arbitrum, Polygon, OP Mainnet, Zora, Blast, World Chain, and ZKsync.#Uniswap #Across #CrossChain #Blockchain #Ethereum #DeFi #Crypto #Stablecoins #WBTC #ERC7683 #Integration #CryptoTransactions #CrossChainBridge #ETH #UNI
🚀 Avive Announces One-Month Ecosystem Expansion Activity
#Avive #ecosystem #expansion #revenue #tokens #onchain #earnings #BlockBeats
According to BlockBeats, on October 24, AVIVE announced the launch of a one-month ecosystem expansion activity. This initiative will utilize an automatic revenue model, allowing users to increase their on-chain earnings by simply holding AVIVE tokens. Users will not need to claim or stake tokens to benefit from this model. Detailed information about the revenue model will be released soon.#Avive #ecosystem #expansion #revenue #tokens #onchain #earnings #BlockBeats
🚀 Trader Incurs Significant Losses in Recent SOL and ANT Transactions
#Trader #Losses #SOL #ANT #Cryptocurrency #Finance #Investing #Blockchain
According to Odaily, a trader recently experienced substantial financial losses in a series of transactions involving SOL and ANT tokens. An hour ago, the trader spent 3,396 SOL to purchase 14.69 million ANT, valued at $593,000. However, 30 minutes later, the trader sold these ANT tokens for 773 SOL, equivalent to $135,000, resulting in a loss of $458,000.
Additionally, the trader received 3.55 million ANT from another wallet. This portion of ANT was bought for 240 SOL, worth $41,928, and later sold for 110 SOL, valued at $19,136, leading to a further loss of $22,792.#Trader #Losses #SOL #ANT #Cryptocurrency #Finance #Investing #Blockchain
🚀 SendingNetwork's Watchdog Node Sale Reaches $1.8 Million in 12 Hours
#SendingNetwork #WatchdogNode #Blockchain #DecentralizedCommunication #NodeSale #EcosystemExpansion #PeerToPeer #Security #PrivacyProtection #UserAutonomy
According to Foresight News, decentralized communication infrastructure provider SendingNetwork launched a limited sale of 'Watchdog Nodes' on October 23 at 22:00 UTC+8. Within 12 hours, all nodes were sold out, generating over $1.8 million in total sales. This node sale marks a significant step in SendingNetwork's efforts to expand its ecosystem.
SendingNetwork aims to create a decentralized communication network by leveraging blockchain technology to reconstruct the TCP/IP model. The goal is to build a peer-to-peer communication system that enhances security, privacy protection, and user autonomy. The limited node sale offered early supporters a unique opportunity to become integral parts of the network and share in its future growth potential.#SendingNetwork #WatchdogNode #Blockchain #DecentralizedCommunication #NodeSale #EcosystemExpansion #PeerToPeer #Security #PrivacyProtection #UserAutonomy
🚀 Ether.fi Foundation Opens ETHFI Claims for Season 3 Tranche 2
#Etherfi #ETHFI #tokenclaims #distribution #cryptocurrency #tranche2 #blockchain #funding
According to Odaily, the Ether.fi Foundation has announced that claims for ETHFI in Season 3 Tranche 2 are now open. This development allows participants to access their ETHFI tokens as part of the ongoing distribution process. The foundation made this announcement via a post on platform X, highlighting the next phase in their token distribution strategy. Participants are encouraged to check their eligibility and proceed with the claims process to ensure they receive their allocated tokens. This marks a significant step in Ether.fi's efforts to distribute ETHFI tokens efficiently and transparently.#Etherfi #ETHFI #tokenclaims #distribution #cryptocurrency #tranche2 #blockchain #funding
🚀 New User Bets $2 Million On Vice President Harris Winning Presidential Election
#VicePresidentHarris #PresidentialElection #Betting #Cryptocurrency #Polymarket #Trump #ElectionPredictions
According to Odaily, a new user named Ly67890 has placed a $2 million bet on the cryptocurrency prediction market Polymarket, supporting Vice President Harris to win the presidential election. This significant wager has quickly increased her winning probability on the platform, making Ly67890 the top bettor predicting Harris's victory.
Additionally, another user, Fredi9999, who joined the platform in June, has placed a total of $13 million in bets predicting Trump's victory. Fredi9999 has also participated in several other election-focused markets.#VicePresidentHarris #PresidentialElection #Betting #Cryptocurrency #Polymarket #Trump #ElectionPredictions
🚀 Hong Kong's Bitrace Releases 2024 Web3 Anti-Fraud Handbook
#HongKong #Bitrace #Web3 #AntiFraud #Handbook #Crypto #Fraud #Investors #RegulatoryTechnology
According to Foresight News, Hong Kong regulatory technology company Bitrace has released the '2024 Web3 Anti-Fraud Handbook.' The handbook is based on numerous real-world investigations into crypto fraud cases and provides detailed explanations of prevalent fraud techniques. It aims to assist individual investors and outsiders in identifying and avoiding crypto fraud to prevent asset loss. Additionally, it seeks to help institutional investors and OTC traders recognize crypto funds associated with fraudulent activities, thereby preventing the freezing of business addresses or bank accounts by law enforcement authorities.#HongKong #Bitrace #Web3 #AntiFraud #Handbook #Crypto #Fraud #Investors #RegulatoryTechnology
🚀 Austria's $16 Million Crypto And Real Estate Ponzi Scheme Leads To Sentencing
#Austria #PonziScheme #Cryptocurrency #RealEstate #Fraud #Sentencing #Crime #Klagenfurt #Victims #LuxuryLifestyle
According to PANews, a $16 million cryptocurrency and real estate Ponzi scheme in Austria has resulted in the sentencing of five individuals. The scheme defrauded 40,000 victims, with the perpetrators spending large sums on luxury cars, private jets, nightclubs, and even a shark tank. The case, tried over 60 days in the Klagenfurt Regional Court, is one of Austria's largest fraud cases to date. Eleven suspects from Austria, Croatia, and Italy were involved, including the 24-year-old stepson of an unnamed celebrity, who reportedly spent €100,000 (approximately $108,000) on sex services. Police revealed that the criminal group used plastic bags to transport cash, hid money in shoeboxes, and transferred funds through crypto platforms, making it extremely difficult to trace the money. Currently, five suspects have been sentenced to prison terms ranging from 18 months to five years, while five others have been acquitted.#Austria #PonziScheme #Cryptocurrency #RealEstate #Fraud #Sentencing #Crime #Klagenfurt #Victims #LuxuryLifestyle
🚀 Crypto Market Sees Second-Largest Liquidation Day In October
#CryptoMarket #Liquidation #Bitcoin #Ethereum #ETH #BitcoinETF #CryptoInvestors #MarketVolatility #Cointelegraph #OnchainData #BTC
According to Cointelegraph, crypto bulls who anticipated a continued market rise experienced the second-largest day of liquidations in October. The market has now stabilized after Bitcoin's drop affected the prices of major cryptocurrencies. On October 23, total crypto liquidations reached $261 million, with over $203.5 million coming from long bets. This is second only to the $450.8 million worth of crypto longs liquidated on October 1 when Bitcoin (BTC) dropped by around 5%, according to CoinGlass data.
Ether (ETH) long bets faced the biggest liquidation, with over $77 million wiped out in the last 24 hours, followed by approximately $58.3 million in Bitcoin call options. Traders were optimistic that Bitcoin could continue to rise as its price neared $70,000 on October 21, its highest in three months. However, it failed to sustain momentum and fell to a low of $65,500 on October 23 before recovering to $67,386, up 0.5% over 24 hours.
ETH posted the biggest loss among the top ten cryptocurrencies, down 1.7% on the day to $2,552, falling from a 24-hour high of $2,620. It had climbed to a two-month high of $2,750 on October 21 before its decline. Onchain data indicates that Ethereum's high transaction fees are discouraging activity on the blockchain, reducing the demand for ETH staking and potentially dampening investor optimism.
Despite Bitcoin's volatile day, institutional investors remained undeterred. The 11 United States-based spot BTC exchange-traded funds (ETFs) saw a joint net inflow on October 23, as reported by CoinGlass. The funds collectively saw $198.5 million in net inflows, driven by a $323.6 million inflow to BlackRock’s iShares Bitcoin Trust ETF (IBIT). However, this was offset by outflows of $99 million and $25.2 million from the ARK 21Shares Bitcoin ETF (ARKB) and the Bitwise Bitcoin ETF (BITB), respectively.
The US Bitcoin ETFs experienced a seven-trading day inflow streak from October 11 to October 21, during which nearly $2.7 billion was added to the funds. However, an $87.9 million net outflow on October 22 broke the streak.#CryptoMarket #Liquidation #Bitcoin #Ethereum #ETH #BitcoinETF #CryptoInvestors #MarketVolatility #Cointelegraph #OnchainData #BTC
🚀 Beige Book Fuels Speculation Of Fed Rate Cuts In November And December
#BeigeBook #FederalReserve #RateCuts #Bitcoin #EconomicOutlook #Inflation #JobsReport #DollarIndex #ForexLive #MonetaryPolicy #BTC
According to CoinDesk, Bitcoin has surged above $67,000 following the Federal Reserve's latest Beige Book survey, which presented a subdued economic outlook and strengthened the case for potential rate cuts in the coming months.
The Beige Book report, released on Wednesday, indicated that nine out of twelve regional banks reported stagnant or slightly weak economic activity since early September. The report highlighted a decline in manufacturing activity and signs of moderation in consumer demand across most districts.
Inflation, or the cost of living, showed signs of moderation as selling prices increased slightly or modestly in most districts. Employment saw a slight increase, with hiring primarily focused on replacement rather than growth. Additionally, several districts noted slower wage increases.
Overall, the sluggish economic outlook contrasts with the hotter-than-expected September jobs report, paving the way for further rate cuts by the Federal Reserve. Bitcoin has rebounded from overnight lows under $53,500 to trade 1% higher at $67,300 at press time. Meanwhile, the dollar index (DXY) rally has stalled, pulling back to 104.30 from an overnight high of 104.57, according to TradingView data.
ForexLive noted that the Beige Book comments captured market attention and solidified the belief that another 25 basis points cut is likely in November, with a high chance of an additional cut in December. The dollar's turn was observed across the board following the report.
Several Federal Reserve officials, including Chairman Jerome Powell, cited the Beige Book's dour outlook as a reason for cutting the benchmark borrowing cost by 50 basis points to the 4.75%-5% range in September. Markets quickly priced in an additional 75 basis points of easing by the year's end. However, these hopes were tempered by the upbeat September jobs data and the hotter-than-expected September inflation report.#BeigeBook #FederalReserve #RateCuts #Bitcoin #EconomicOutlook #Inflation #JobsReport #DollarIndex #ForexLive #MonetaryPolicy #BTC
🚀 Vitalik Buterin Proposes Selective Gas Fee Reductions for Ethereum
#VitalikButerin #Ethereum #GasFees #EVM #Blockchain #TransactionsPerSecond #Efficiency #Crypto #ETH
According to Odaily, Ethereum co-founder Vitalik Buterin recently shared his thoughts on the X platform regarding gas fee reductions. Buterin suggested a deep yet selective approach to lowering gas fees, aiming to enhance the network's efficiency without compromising critical metrics.
Buterin proposed reducing the gas costs for all EVM opcodes currently in the 2-5 range to 1 and those in the 6-10 range to 2. Additionally, he recommended decreasing the gas cost of log operations by four times and lowering the gas costs for precompiled contracts, except for those planned for deprecation. He believes that these changes could potentially increase the transactions per second (TPS) by 1.5 times without negatively impacting key worst-case scenario metrics such as calldata size and IO.#VitalikButerin #Ethereum #GasFees #EVM #Blockchain #TransactionsPerSecond #Efficiency #Crypto #ETH
🚀 Moonshot Platform Sees Significant Revenue Growth In Past Month
#Moonshot #RevenueGrowth #MonthlyIncrease #ActiveUsers #PANews
According to PANews, Moonshot platform has generated $498,000 in revenue over the past 30 days, marking a 1657% month-over-month increase. The platform currently has approximately 4,000 daily active independent users.#Moonshot #RevenueGrowth #MonthlyIncrease #ActiveUsers #PANews
🚀 Flow Traders Transfers 2.887 Million BAT to Grayscale
#FlowTraders #BAT #Grayscale #BasicAttentionToken #CryptoTransaction #MarketMaker
According to BlockBeats, on October 24, market maker Flow Traders transferred 2.887 million Basic Attention Tokens (BAT) to Grayscale. The transaction, monitored by Arkham, occurred three minutes prior to the report and is valued at approximately $498,000.#FlowTraders #BAT #Grayscale #BasicAttentionToken #CryptoTransaction #MarketMaker
🚀 BlueMove Secures Strategic Investment From Victus Capital
#BlueMove #VictusCapital #NFT #cryptoinvestment #multichain
According to Odaily, BlueMove, a multi-chain NFT marketplace based on the Move language, has announced that it has secured strategic investment from the crypto hedge fund Victus Capital. The specific amount of the funding has not been disclosed.#BlueMove #VictusCapital #NFT #cryptoinvestment #multichain