EigenLayer lets users stake ether (ETH), which can be repurposed to secure other networks and secure additional rewards. The total value locked (TVL) on the protocol has dropped by more than 50% since June as a result of increased competition and a wider slump across the restaking sector. It currently has around $10 billion in TVL. Source
Investors tend to focus on monetary policy from the major central banks and Canada, Sweden, and Switzerland have each cut rates three times this year. Lower borrowing costs going forward should boost the price outlook for crypto, says Scott Garliss. Source
GraFun, released Friday on BNB Chain, saw over 5,800 tokens created on its first day, generating around $100,000 in fees for the blockchain. One GraFun-originated project, BabyBNB, reached a peak market cap of $132 million a day after issue and was eventually listed on centralized exchanges MEXC and Gate. Source
Chintai is a layer-1 blockchain for tokenized real-world assets, with its native token CHEX powering the network. Chintai Network Services Pte Ltd, the network’s ecosystem development firm, is regulated and licensed by the Monetary Authority of Singapore (MAS) to act as a Capital Markets Services provider and a Recognized Market Operator for primary issuance and secondary market trading in digital securities, according to the project’s white paper. The network’s other business unit, Chintai Nexus, is based on the British Virgin Islands and deals in issuing non-security tokens. Kin Capital operates…
Kamala Harris only leads by one percentage point, but is set to carry most of the swing states. Source
“Our FX desk is a distinct offering in the crypto brokerage space, and we’re grateful for Lux and Rich’s efforts in supporting our expansion,” a FalconX spokesperson said in emailed comments. “As advisers, they will continue to support our mission to make crypto capital markets more robust and ready for institutional adoption. In this next stage, we are focused on scaling the electronic FX trading platform and excited to have Hilal Mehydene join our growing FX team.” Source
The latest look, conducted by Harris Poll and paid for by crypto firm Grayscale, shows a steady increase in voters saying they’re taking a candidate’s crypto knowledge and stance seriously when considering who to vote for. Of more than 1,800 likely voters, 77% said presidential candidates should be informed about innovative technology like artificial intelligence and crypto, and 56% said they’re more likely to vote for candidates who are staying on top of crypto as an issue (though their top issues remain inflation, national security and foreign policy). Source
This marks the first U.K. conviction for running a crypto ATM operation. Source
September is historically the worst month for the bitcoin price, but it may be about to close its best yet. BTC ended September in the red in eight of the past 11 years. This year, it looks set to close the month up by at least 7%, even with today’s swoon. The bullish month puts bitcoin on a strong footing going into October, which, by contrast, is one of its strongest. Where September has seen an average loss of 3.6% since 2013, October has seen average gains of 23%. Some…
Nations around the world have been looking to clarify their approach to crypto. The U.K. decided to make crypto a regulated activity last year and bring the sector under its financial services rules, Europe created bespoke rules for the crypto sector known as the Markets in Crypto Assets rules, while, South Africa recently opened up its licensing regime for the sector. Source