Cryptocurrency

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This wallet has remained inactive since 2014. Over the past few weeks, several other dormant Bitcoin wallets returned to life after a long hibernation. This wallet has demonstrated massive four-digit gains.This week, this is the fourth Bitcoin wallet that has returned from dormancy. On Tuesday, a whale reactivated their wallet, which had held 21 BTC since 2013. That amount of BTC is worth $1,307,996 now.On Oct. 1, two wallets, containing 41 BTC worth $2,611,481 and 77 BTC evaluated at $4,902,160, were detected by the aforementioned data source.These ancient whales suddenly brought their old Bitcoin holdings to the market as October began – this month is called by traders and investors as “Uptober” since Bitcoin rallies have historically started five different years in this month in the past. Sometimes, these rallies came in years when Bitcoin experienced a halving, seeing miner rewards slashed in half.As the developments continue to unravel, investors have been selling Bitcoin and other risk-on assets to buy gold. Bitcoiner and JAN3 CEO Samson Mow have criticized those who are doing it, poking them by saying that gold cannot be easily transported in case of troublesome times.Mow stated that he remains bullish, despite this situation. “I still Bullieve,” he tweeted. Mow believes that in the near future, and actually as soon as next year, BTC is likely to skyrocket and reach $1 million per coin.This article was originally published on U.Today More

October is a crucial month for the Bitcoin price, and if history is any guide, BTC has usually performed pretty well at this time of year. However, the first three days of October have been discouraging so far. As expected, the crypto community was quick to change its expectations, as they have renamed their so-called favorite month to “Rektober.”While Bitcoin’s price performance has been on the bearish side so far, some analysts are still believing in the “Uptober” theory. For instance, renowned analyst Jelle has shared his positive Bitcoin price prediction. He still believes that a notable price breakout is in the cards for the largest cryptocurrency on the market.He said that the Bitcoin price historically breaks out of the consolidation range in the second or probably the third week of October. If this happens, there will be no debate, and October will finally be crowned as “Uptober,” or the best month for the market. In concluding his analysis, Jelle mentioned that if this historic pattern repeats itself, then the market is going to witness a new all-time high for Bitcoin later this month.This article was originally published on U.Today More

Now, analysts like Ali Martinez are pointing to a bearish pattern that could see the major cryptocurrency fall to $52,000. The condition under which this is possible is if the descending parallel channel that Bitcoin has been trading in since early spring becomes the dominant pattern.A descending parallel channel is a chart pattern characterized by two descending trendlines that frame the price action of an asset. This formation usually indicates bearish sentiment as the price moves within a limited range. In this scenario, traders make sure that the price stays below the upper trendline, while frequently testing the lower trendline. When the price breaks below the lower trend line, it often signals further declines. If Bitcoin does not hold above this level as well, there could be a wave of selling that leads to further declines. That is why market participants are watching the situation closely, as they think about ways to eliminate risk.This article was originally published on U.Today More

Memereum team has officially revealed the concept for the first-ever insured blockchain LaunchPad, setting the stage for a revolutionary product aimed at bringing enhanced security and transparency to the world of ICOs. This innovative platform, currently in the final stages of development, is an out-of-roadmap product that goes beyond Memereum’s initial plans, further demonstrating its commitment to delivering advanced solutions for the blockchain ecosystem.A Unique Offering: The Insured LaunchPadThe Memereum LaunchPad will provide a secure environment for token developers to create ICO pools. A unique feature of the platform is the introduction of the Insured Badge, awarded to projects that successfully pass KYC and audit checks. This badge offers an extra layer of security for both presale and post-launch investors, giving them peace of mind while contributing to safer token launches.By integrating this badge, Memereum is ensuring that investor protection remains a core priority. Projects that meet these stringent standards will offer holders additional confidence, mitigating the risk of fraudulent activities that have plagued the industry. The application for the Insured Badge will be processed exclusively using MEME tokens, reinforcing the utility and demand for Memereum’s native token.Early Access for Elite Shark Rank HoldersBefore the full public release, elite Shark rank holders will be given early beta access to the platform, offering them a first look at Memereum’s LaunchPad. The early access stage will allow key community members to test the platform and provide feedback, ensuring a smooth and user-friendly interface upon full launch. The platform is designed with both developers and investors in mind, offering an intuitive experience for managing ICOs and presale investments.A Game-Changer Outside the RoadmapWhat makes the Memereum LaunchPad even more remarkable is that it’s outside the original roadmap. The project was developed in response to growing market demand for safer, more reliable ICO platforms. This move further cements Memereum’s role as a leader in the blockchain insurance space, constantly evolving and adding new products that benefit both developers and investors.Memereum’s Continued SuccessMemereum, recognized as the first blockchain insurance platform, has already sold over 31.8 million tokens during its presale, demonstrating significant interest in its mission. Alongside the upcoming LaunchPad, Memereum offers automatic staking, allowing token holders to earn rewards effortlessly.With the combination of innovative features, security enhancements, and user-friendly design, the Memereum LaunchPad is expected to set a new standard for ICOs in the blockchain space.Learn More and Join the PresaleFor more information on the Memereum LaunchPad and to participate in the ongoing presale, visit memereum.net.ContactBessie CooperMemereummarketing@memereum.netThis article was originally published on Chainwire More

MDS is a New Interoperability Standard Leveraging Enhanced AXL Token Utility to Power Infinite Security and Scalability Across Web3. Top L1s Are Cued to Launch; Augmentable Security via Babylon and EigenLayer; and a Vendor-Agnostic Interface (NASDAQ:TILE) Built With OpenZeppelinAxelar, a leader in blockchain interoperability, has launched the Mobius Development Stack (MDS) on mainnet, following on-chain governance approval. MDS is the first-and-only holistic interoperability platform. MDS enables customizable, self-service integration with any on-chain or off-chain system, creating a new design space for decentralized applications. The list of upcoming layer 1 interoperability launches includes Solana, Stellar, Sui and XRP Ledger – powered by the newly launched Interchain Amplifier. MDS is set to redefine how data, value and users connect and interact across a reimagined Web 3.0: One connection, limitless possibilities. With Mobius, global financial services firms and blockchain innovators can connect private-chain environments to public layer 1s, unlocking the potential of tokenized assets. Users can learn more about Axelar MDS: axelar.network/mobius.About AxelarAxelar is the Web3 interoperability platform, delivering the shortest path to scale: an open stack to connect all blockchains. Adopters include Uniswap, Microsoft (NASDAQ:MSFT) and dozens of natively multichain startups, building applications to reach all blockchain users at once – 10X as many active users as the leading Web3 application environment. Axelar supports smart contracts on a cross-chain layer that is open, scalable and secure. Backers include Binance, Coinbase (NASDAQ:COIN), Dragonfly, Galaxy and Polychain. Learn more: axelar.network.About Axelar FoundationAxelar Foundation is a nonprofit established to support the growth and adoption of the Axelar network, a decentralized interoperability network that connects multiple blockchain ecosystems. Users can learn more at axelar.foundation.About BabylonBabylon is a project that designs Bitcoin security-sharing protocols with a vision of building a Bitcoin-secured decentralised world. Its latest development is the world’s first trustless and self-custodial Bitcoin staking protocol, which enables Bitcoin holders to stake their BTC on Proof-of-Stake (PoS) systems such as PoS chains, L2s, Data Availability (DA) layers, etc, enabling them to earn yield without the need for third-party custody, bridge solutions, or wrapping services. Babylon’s approach combines the high security and wide adoption of Bitcoin with the efficiency and scalability of PoS systems, increasing Bitcoin’s utility.About EigenLayerEigenLayer is a protocol built on Ethereum that pioneered restaking, a new primitive in cryptoeconomic security. Through EigenLayer’s system of interconnected smart contracts, any ERC-20 token can be “restaked” to participate in not one, but any number of Actively Validated Services (AVSs) in exchange for fees and/or rewards. Operators opt into these opportunities by running additional node software and in some cases grant the EigenLayer smart contracts the ability to impose additional slashing conditions on their assets as specified by the AVS. EigenLayer’s core objective is to unlock a new era of open innovation by reducing developer complexity when building and bootstrapping decentralized networks from scratch.About Interop LabsInterop Labs is a leading developer of blockchain interoperability technology, used by Web3 infrastructure protocols to support scaling the next generation of internet applications to billions of users. Interop Labs is the initial developer of Axelar network. Learn more at interoplabs.io.About Mysten LabsMysten Labs is a team of leading distributed systems, programming languages, and cryptography experts whose founders were senior executives and lead architects of pioneering blockchain projects. The mission of Mysten Labs is to create foundational infrastructure for web3. Users can learn more: https://mystenlabs.comAbout OpenZeppelinFounded in 2015, OpenZeppelin is dedicated to creating and protecting the open economy through secure and reliable blockchain infrastructure. Our widely-used OpenZeppelin Contracts Library has secured over $7 trillion in total value transferred, and our Defender Cloud Services streamline and safeguard decentralized applications. We empower developers with industry-leading tools and initiatives, fostering a secure blockchain ecosystem. Trusted by top projects globally, OpenZeppelin is your partner in building a safe and interoperable decentralized future. Users can learn more at: www.openzeppelin.comAbout StellarStellar is more than a blockchain. Powered by a decentralized, fast, scalable, and uniquely sustainable network made for financial products and services and a thriving and passionate ecosystem that includes a non-profit organization driven by a mission, Stellar is paving the path to unlock the world’s economic potential through blockchain technology. Built with speed and low costs in mind, the Stellar network provides builders and financial institutions worldwide a platform to issue assets, and to send and convert currencies in real time creating real world utility. Founded in 2014, the Stellar Development Foundation (SDF) supports the continued development and growth of the Stellar network and also serves the ecosystem of NGOs, corporations, universities, small businesses, governments, and solo entrepreneurs building on the Stellar network through tooling, funding and strategic collaborations. Together, Stellar is where blockchain meets the real world.About SuiSui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the ground up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing user-friendly experiences. For more information about Sui, users can visit https://sui.io.About XRP LedgerThe XRP Ledger (XRPL) is a decentralized layer 1 blockchain renowned for its decade-long reliability and stability in tokenizing and exchanging crypto-native and real-world assets. Designed to support businesses and builders, it is powered by XRP, a cryptocurrency purpose-built for payments. Trusted by over 1,000 visionary builders and businesses worldwide, the XRP Ledger offers institutional-grade functionality and built-in features to enable secure, efficient, and scalable financial services and use cases. It’s more than just a blockchain – it’s a global developer community dedicated to transforming future business solutions.ContactPR DirectorKarla VilhelemMarketWaveskarla@marketwaves.coThis article was originally published on Chainwire More

Funtico, the full-stack, chain agnostic Web3 gaming platform, today announced the launch of its Telegram Entertainment Hub with the introduction of its first Tap2Earn game, Lucky Funatic. The new hub and game represent a significant advancement in Funtico’s ongoing commitment to expanding its portfolio of LIVE interactive and engaging Web3 games, fostering game interoperability, and enhancing its innovative ecosystem through its Publisher as a Service (PaaS) offerings.Funtico is shaking up the gaming world with the launch of Lucky Funatic, a hyper-casual, Tap-2-Earn clicker game now live on Telegram. Combining innovative gameplay with big rewards, Lucky Funatic bridges Web2 and Web3, bringing the excitement of skill-based cash games to one of the world’s most popular messaging platforms.Lucky Funatic marks the first instance of a gaming platform introducing a fully integrated and interconnected Tap2Earn game within the Web3 gaming space. Unlike standalone games, Lucky Funatic is connected to the Funtico platform. This accessibility allows for a range of players to seamlessly explore the diverse offerings within Funtico’s ecosystem. Players can participate in the game without the need to integrate wallets, emails, or go through extensive verification processes, as users can easily access the hub through their Telegram account.Participants in Lucky Funatic will have the opportunity to win not only token giveaways but also exclusive NFTs that come with various future uses. Additionally, players can unlock rewards that include tickets to tournaments with a prize pool up to 100,000 USDT. Clicker games often rely on speculative airdrops, often disappointing users with unrealized rewards. Funtico breaks away from this model by giving players the opportunity to earn tangible rewards even before its Token Generation Event (TGE), scheduled for early November, which is based on Funtico’s tokenomics and community feedback, looks like a hidden gem.Funtico invites players to the new Lucky Funatic game here and to dive deeper into the game mechanics here, or watch the trailer here.About FunticoFuntico is a self-funded and highly secured, chain agnostic platform within the Web3 gaming landscape with an emphasis on players’ rewards at its core. Designed to deliver a seamless and engaging experience, Funtico offers players access to a diverse range of high-quality, competition-based games across multiple genres, with prize-pool tournaments and achievement-based rewards, all under an innovative platform. With a focus on easy on-ramping and incentivized design, Funtico fosters a sustainable ecosystem through partnerships and a first of a kind Web3 affiliation network, ensuring long-term growth and success.Website | X | Telegram | Discord | YouTubeContactHead of Commercial RelationshipsDoron Weslydoronw@funtico.com+1-347-987-0675This article was originally published on Chainwire More

For a 10.75% nominal yield, Metaplanet said it generated an aggregate premium of 23.972 BTC worth 8.95 million yen. Following this transaction, the total number of Bitcoin the firm now HODLs is 530.717 BTC worth 4.965 billion.Notably, Metaplanet has bought Bitcoin at least once a month since July, underscoring its consistency in its Bitcoin accumulation pursuit. While the firm remains one of the biggest HODLers of the coin in Asia, it is modeling its strategy after Michael Saylor’s MicroStrategy.MicroStrategy buys Bitcoin in a lump sum with more massive valuation. Its last purchase was in September, when it bought over $458 million worth of the coin. This transaction pushed its total Bitcoin holdings to 252,220 BTC, worth approximately $9.9 billion at the time.The broader market is in bearish consolidation mode as the events of the past 24 hours are notably weighing down sentiment. From the geopolitical tension in the Middle East to the U.S. SEC appealing the Ripple lawsuit, more uncertainties have emerged to offer investors a discount on prices.This article was originally published on U.Today More