The new week has begun, and here are the important updates in the cryptocurrency space that you need to know from the past week (October 14-20).

Hot Crypto News

Binance Lists Scroll (SCR)
Binance has revealed that it will list Scroll (SCR), with trading for these spot trading pairs set to commence at 8 AM on October 22, 2024 (UTC).

ApeChain Mainnet Launch
The ApeCoin account on X announced on October 20 that ApeChain has officially launched its mainnet, along with the opening of the blockchain’s bridge.

Pump.Fun Token Launch Plans
Pump.Fun, the memecoin exchange on Solana, shared its plans for launching a new advanced trading platform and intentions for a token launch.

Eigenlayer Twitter Account Hacked
On October 18, Mudit Gupta, the Chief Information Security Officer at Polygon, reported on X that Eigenlayer’s official Twitter account had been compromised.

JPMorgan’s Positive Outlook
Global investment bank JPMorgan is optimistic about the cryptocurrency market by 2025, attributing this growth to regulatory changes and geopolitical tensions.

Worldcoin Rebranding Announcement
Worldcoin (WLD), backed by Sam Altman, has announced its rebranding to World Network and launched its mainnet for World Chain.

Coinbase Futures Listing for TURBO
Coinbase recently disclosed the listing of futures contracts for Turbo (TURBO).

Bitfinex Hacker Faces Reduced Sentence
Ilya Lichtenstein, who stole 120,000 Bitcoin from Bitfinex in 2016, may now face a potential five-year prison sentence instead of the originally mandated 20 years.

Hamster Kombat Season 2 Airdrop
Hamster Kombat, a notable tap-to-earn project, continues to garner attention with its Season 2 airdrop announcements following nearly a month of the TGE event and the HMSTR token’s listing.

Vitalik Buterin’s TPS Goal
Vitalik Buterin, the founder of Ethereum, has set an ambitious goal for the blockchain to achieve 100,000 transactions per second (TPS) across both Layer 1 and Layer 2 networks.

Bitcoin Price Surge Linked to Trump
As the odds of former U.S. President Donald Trump increase, Bitcoin’s price has reached its highest level in over two and a half months.

Crypto Investment Interest in Asia
A recent report from Aspen Digital reveals that 94% of wealthy individuals in Asia are either currently investing in or planning to invest in cryptocurrency.

Radiant Capital Hacking Incident
Radiant Capital (RDNT) appears to have suffered a hacking incident, with losses exceeding $51 million, according to on-chain evidence and Web3 security firm Ancilia.

Bitcoin Attempts to Break Downtrend
On October 16, Bitcoin reached a new high of $68,400, aiming to break a 217-day downtrend.

El Salvador’s Bitcoin Indifference
Despite El Salvador being the first country to accept Bitcoin (BTC) as legal tender, 92% of its citizens remain indifferent to using it.

Azra Games Funding Success
Web3 game developer Azra Games successfully raised $42.7 million in a Series A funding round led by Pantera Capital, with participation from a16z crypto, A16Z GAMES, and NFX.

VanEck’s Web3 Investments
VanEck announced two long-term investments in the Web3 gaming sector on October 17.

TikTok Accused of Crypto Exchange Violations
The Financial Conduct Authority (FCA) has accused TikTok of operating as an unlicensed cryptocurrency exchange in the UK.

SCB’s Stablecoin Payment Service
Siam Commercial Bank (SCB), Thailand’s fourth-largest and oldest bank, has become the first financial institution in the country to offer cross-border payment and transfer services using stablecoin.

Cosmos Security Concerns
Cosmos’ Liquid Staking Module is under serious security concerns due to code written by a North Korean developer.

Upbit’s INJ Listing Announcement
Upbit, South Korea’s largest cryptocurrency exchange, announced its decision to list INJ, leading to a 16% price rise.

SEC Account Hacker Arrested
On October 17, the U.S. Department of Justice (DOJ) announced that the FBI arrested a man in Alabama in connection with the hack of the U.S. Securities and Exchange Commission’s (SEC) X account in January 2024, which involved posting fake Bitcoin Spot ETF news.

Tesla Moves Bitcoin Holdings
Tesla has unexpectedly moved all $760 million of its Bitcoin holdings to anonymous wallets, raising concerns in the community.

KLAY Token Renamed to KAIA
Binance plans to rename the KLAY token to KAIA, impacting deposits, withdrawals, and trading pairs on its exchange.

Italy’s Capital Gains Tax Increase
The Italian government is contemplating raising the capital gains tax on cryptocurrencies, including Bitcoin, from 26% to 42%.

Litecoin Spot ETF Application Filed
Canary Capital has officially filed an application for a Litecoin Spot ETF with the U.S. Securities and Exchange Commission (SEC) as of October 15.

Bitnomial’s Funding Round
Cryptocurrency derivatives exchange Bitnomial announced a $25 million funding round led by Ripple Labs.

Praxis Tech City Project
Praxis recently disclosed that it has raised $525 million to develop a tech city focused on cryptocurrency, artificial intelligence, and biotechnology.

Paxos Stablecoin Payment Platform
Paxos has launched a new stablecoin payment platform in partnership with Stripe.

SEC Lawsuit Against UBI Blockchain
On October 16, the U.S. Securities and Exchange Commission (SEC) initiated administrative proceedings and filed a lawsuit against UBI Blockchain Internet (UBIA).

Ancient Bitcoin Whale Moves Funds
A “Bitcoin whale” from the early days has become active again, moving over $74 million in BTC after 10 years of inactivity since mining Bitcoin just five days after the genesis block.

Gotbit CEO Arrested
Gotbit has confirmed that its CEO was arrested in Portugal in connection with a market manipulation investigation.

OKX Delisting Announcement
Cryptocurrency exchange OKX will delist several coins and spot trading products, including BLOCK, UTK, AST, SIS, WXT, and WIFI, effective from 3:00 to 3:30 PM on October 24, 2024.

Trump Family Crypto Token Success
The Trump family’s cryptocurrency project, World Liberty Financial (WLFI), has successfully sold over 220 million tokens shortly after its launch.

Metaplanet Expands Bitcoin Holdings
Metaplanet, a publicly listed company in Japan, has announced an additional purchase of 106,976 BTC for 1 billion yen, reinforcing its status as “Asia’s Microstrategy.”

Kamala Harris on Crypto Policy
According to a report from Galaxy Research dated October 14, U.S. presidential candidate Kamala Harris has a more favorable stance on cryptocurrency compared to President Joe Biden but is not as strong as her opponent Donald Trump.

Sui Insider Allegations
Sui recently responded to allegations circulating on social media that insiders sold $400 million worth of SUI tokens amid a price surge.

Upbit’s CARV Listing Announcement
Upbit announced its decision to list CARV, resulting in a 32% price increase.

SpaceX’s Successful Starship Test
SpaceX has completed a test flight of its Starship, marking a significant milestone for future lunar missions.

Mint Blockchain’s Grant from Optimism
Mint Blockchain announced it has received a grant of OP tokens worth $1.35 million from the Optimism Foundation as part of its latest grant program, Cycle 28.

Tether’s Lending Services Exploration
Tether Holdings, the largest issuer of the USDT stablecoin, is reportedly exploring the possibility of offering loans to traditional commodity trading companies, according to a Bloomberg report.

KEYRING PRO Wallet – keep you updated

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