Cryptocurrency

Blockchain data tracker Whale Alert reported that “a dormant address containing 41 BTC worth $2,611,481 has just been activated after 10.7 years.”The reactivated address is part of a growing trend in which long-dormant Bitcoin wallets — often tied to early adopters or miners — come back to life. The whale in question had not moved any Bitcoin in over 10 years, a period that saw Bitcoin’s massive growth and price advancement.This sudden awakening aligns with a Bitcoin market cycle unfolding within the broader crypto space.In a recent tweet, CryptoQuant CEO Ki Young Ju shares insights into the Bitcoin market cycle, which falls into three stages.The first stage, already underway, is when old whales become new whales. The current trend of activation of Old Bitcoins alludes to this fact. The second stage is when new whales become retail investors; the last and third stage is when these retail investors hodl and thus become old whales.In another tweet, Ju stated that Bitcoin inflows into exchange user wallets remain normal, unlike during the last bear market.Bitcoin fell to a low of $62,833 on September’s final day before rebounding. At the time of writing, BTC has gained 0.22% in the last 24 hours to $63,991, after reaching intraday highs of $64,106.In a recent analysis, CryptoQuant indicated that the market might be preparing for the next upward trend. On the chart, CryptoQuant noticed very low Exchange Flow Multiple values before the 2023 rise. The current indicator levels are similarly low, which could signal that the market might be preparing for the next upward trend.This article was originally published on U.Today More

ApeX Protocol, a leading decentralized exchange platform, proudly announces the deployment of a series of strategic tokenomics updates designed to enhance the long-term value and stability of its native token, $APEX. These updates are set to enhance the ApeX ecosystem, benefiting token holders, early investors, and the broader community. esAPEX12 Strategic Solution: Now LiveApeX has officially launched the esAPEX12 Strategic Solution, addressing common challenges associated with pre-sale token unlocks, such as price volatility and inflationary pressures. This innovative mechanism ensures a smooth, controlled release of $APEX tokens, protecting the token price from market fluctuations and providing a more predictable environment for investors and users.The esAPEX12 pool, hosted on the Arbitrum network, allows unlocked $APEX to be converted into esAPEX12 tokens, which are available for third-party purchase with a 12-month lockup period. This approach ensures a steady and strategic distribution of $APEX, balancing market demand while offering a 40% discount to new buyers. For a detailed guide on how to purchase tokens at the discounted rate, click here.Introducing the Buy-Back and Share (BBS) ProgramSet to launch in the coming weeks, ApeX is excited to introduce the Buy-Back and Share Program. This innovative initiative will utilize fee revenues to repurchase $APEX tokens from the market, which will then be distributed as rewards to long-term participants. By creating consistent buying pressure, this program enhances $APEX’s value while allowing users to accumulate more tokens over time.The BBS program is poised to become a cornerstone of ApeX’s ecosystem, helping loyal participants maximize their returns and advantageously position themselves to earn future rewards, including stablecoins, as the platform evolves.$APEX as the Trading Fee Token — Coming in Q4 2024ApeX is further enhancing its tokenomics by utilizing $APEX as the trading fee token on the ApeX Omni DEX at the end of Q4 2024. Users opting to pay their trading fees with $APEX will enjoy discounted fees, creating an added incentive for token usage. In a deflationary move, all $APEX tokens collected as fees will be burned, reducing the overall supply and contributing to the token’s value appreciation over time.Deflationary Tokenomics ModelThe combined strategies of esAPEX12, the Buy-Back and Share Program, and $APEX’s use in trading fees will result in a robust deflationary tokenomics model, benefiting the community at large.ApeX is committed to enhancing its native token — $APEX, through controlled releases, strategic buybacks, and a token-burning mechanism, ensuring long-term growth and value for all stakeholders.About ApeXFounded with the mission to provide a decentralized, permissionless, and self-custodial trading experience, ApeX offers seamless multi-chain deep liquidity and a robust order book interface to cater to traders in the crypto market. ApeX Omni is the latest product from ApeX Protocol. With its cutting-edge multi-chain liquidity aggregation, modular intent-centric architecture, and advanced zero-knowledge proof security, ApeX Omni delivers unparalleled performance and safety. Website | Twitter | Discord | Telegram | BlogContactMariammariam@davionlabs.comThis article was originally published on Chainwire More

The MYTH Airdrop Distributes Rewards to Polkadot Users in a Large and Transparent Airdrop EventYesterday, the Polkadot DAO and Community commenced distributing an airdrop of 10 million MYTH tokens to over 450,000 Polkadot (DOT) wallets as an inaugural, collaborative action between the Mythos and Polkadot ecosystems. The airdrop follows the previously announced collaboration between the two entities and is a historic milestone in the industry leaders’ successes at the forefront of blockchain gaming and Web3 innovation. Users can claim their rewards and “teleport” their tokens to the Mythos Chain via the airdrop portal at https://airdrop.mythos.foundation, transforming the airdropped tokens to native MYTH, which powers the Mythos gaming chain. The airdrop distribution began on Sep. 30th and will conclude within seven days.Airdrop OverviewThis airdrop is more than just a distribution of tokens—it’s the product of several rounds of feedback from the Polkadot community, making it the most transparent airdrop ever created. The airdrop was refined with input from the Polkadot community, including input from key Polkadot ecosystem stakeholders and leaders from organizations including Scytale Digital, The Kusamarian, OpenGov.Watch, ChaosDAO, PermanenceDAO, and BlockDeep Labs. The airdrop was constructed and published via Dune Analytics, led by blockchain services firm Colorful Notion, with an audit conducted by Parity Technologies, allowing full transparency and community insight throughout the process.Users can login to the airdrop portal on desktop (mobile support coming soon) and claim the MYTH to a native Mythos chain address. With MYTH users can begin operating on the Mythical Marketplace, transacting on the Mythos chain and readying themselves for further incentives expected to be announced in the coming weeks. The 10 Million MYTH airdrop is also intended to complement the ongoing Mythical Forest campaign, in which holding native MYTH tokens gives users a multiplier effect on rewards, allowing them the chance to earn from a 2 million MYTH token pool incentivizing social tasks and quests.Airdrop Criteria Looking to Reward the Most Active UsersThe goal of the two campaigns is to spure participation, with the currently live Mythical Forest Campaign focused on social quests and the MYTH airdrop focusing on rewarding active Polkadot users—those who have engaged in core activities like staking, voting in governance, and executing cross-chain (XCM) transactions; Polkadot’s signature feature that highlights its unparalleled interoperability. A total of 128,796 active wallets are receiving rewards, with individual wallets receiving up to 1,337 MYTH based on their level of engagement.Users who had participated more actively saw a significantly higher share of the rewards pool. For example:The MYTH token: Expanding Across ChainsThe Mythos blockchain gaming ecosystem, in collaboration with and support of Mythical Games, is demonstrating the power of multi-chain interoperability with the Mythos chain and MYTH token, which is now supported across four blockchains, three of which are secured by Polkadot:Future Campaigns and Gaming IncentivesIn addition to the current campaigns, the Mythos Foundation has reserved millions of additional MYTH tokens, for community building, gaming incentives and more, available to those with active accounts on the native Mythos Chain. An additional reserve will be used to drive long-term engagement of token holders and gamers. More on the Mythical Forest Campaign: 2 Million MYTH Tokens Up for GrabsRunning alongside the airdrop is the Mythical Forest Campaign, where participants can complete social tasks and earn points towards a 2 million MYTH token rewards pool. The more tasks completed, the more MYTH tokens participants can claim, making it an exciting opportunity for the entire Web3 community. Holders of native MYTH tokens are further incentivized with bonus rewards.For full details on the airdrop criteria, including to confirm eligibility, readers can visit https://dune.com/substrate/mythos. About the Mythos Foundation:The Mythos Foundation is primarily responsible for the governance and development of the MYTH token and its ecosystem. It oversees initiatives and partnerships aimed at expanding the adoption of blockchain technology in gaming, including managing token distribution and supporting gaming incentives. It emphasizes the broader ecosystem, governance, and strategic partnerships, such as the collaboration with Polkadot for token swaps and airdrops.For more information on the Mythos Foundation, readers can visit https://linktr.ee/mythostoken.ContactJonathan DuranJonathan@distractive.xyzThis article was originally published on Chainwire More

Lucie mentioned the decentralized finance ecosystem on Shibarium after she spread the world a little earlier that SHIB DeFi had reached a major milestone – the amount of total value locked (TVL) on Shibarium surpassed $7 million. TVL refers to the total amount of tokens staked or locked on the platform. These funds have been locked on three major DeFi platforms related to Shibarium.K9 Finance’s K9BONE boasts the highest amount of TVL: $3,120,000. ShibaSwap and WoofSwap DEXes are holding $2,460,000 and $848,546 in locked value, respectively.The all-time high of $7 million achievement happened approximately within a week after SHIB’s strategic partner, K9 Finance, integrated liquid staking on Shibarium.Over the past 24 hours, Shiba Inu has demonstrated a mild increase of close to 5% to kickstart “Uptober.” This was the first increase of the meme coin since it burned a zero and reached a peak of $0.00002141 on Friday, Sept. 27, and Saturday, Sept. 28, as a result of a 42% surge in a single day.As for the flagship cryptocurrency, Bitcoin has so far shown a short-lived increase above the $64,000 level today. However, the price was quickly pushed back to $63,880. From Sunday to Monday this week, BTC has seen a massive 4% plunge, falling from the $65,970 zone to $63,290.ADA and DOGE came the closest after SHIB, with 14.5% and 12.4% gains that week. Bitcoin and Ethereum showed profits of 3.4% and 6.7%, while Solana put up 9%.This article was originally published on U.Today More

Spheron, a decentralized platform harnessing compute resources, has announced the launch of Fizz Nodes, allowing users to participate in the Spheron network and earn rewards by providing computational resources to deploy AI workloads on the edge, without the rigorous reliability requirements of traditional provider node. Fizz Nodes offer a more accessible way for individuals to participate in the decentralized network by providing GPU and CPU resources, while adhering to a more flexible uptime standard, providing compute resources to handle AI workloads on the edge. Users’ Fizz Nodes are rewarded based on the resources they contribute and their uptime. Earnings potential varies based on demand and resource utilization, with direct rewards and IDLE rewards providing various revenue opportunities.Liveness rewards, issued in Spheron Points, are calculated every 24 hours and are based on the quality of the resources provided. A minimum of 50% uptime within each ERA (24-hour period) is required to receive rewards. Additionally, operators can earn directly from users who lease their compute resources, with most of the leasing fees going to the node operators after network fees are deducted.Currently, Fizz Nodes are supported on MacOS and Linux, with Windows support expected in the near future. The setup process involves registering the node on the Spheron network and configuring it through a straightforward guide. Operators will then use the Leaderboard to track their node’s activity and earnings.For further details on setting up a Fizz Node and participating in the Spheron network, visit here.About SpheronSpheron is a decentralized platform designed to harness compute resources across the globe, enabling users to participate in a cutting-edge network flexibly and efficiently to deploy AI workloads on the edge at scale. Its Decentralized Compute Network (DCN) creates a secure and seamless ecosystem by connecting retail-grade GPU suppliers and data centers to provide users the compute power needed for workloads.Website | Fizz node | X | Github | Discord | LinkedIn | YouTubeContactCo-FounderPrashant Mauryainfo@spheron.networkThis article was originally published on Chainwire More

The Move-based protocol becomes the 8th largest blockchain by Total Value Locked, amid USDC integration and thriving developer ecosystemSui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, has crossed the $1B mark in Total Value Locked (TVL), based on publicly available data from DeFiLlama. Leveraging the network’s public goods, like its innovative central limit order book, DeepBook, Sui’s TVL has grown over 2700% over the past twelve months.Data from DefLlama shows the rapid advance of Sui’s DeFi TVLThe leading Layer-1 blockchain that was created by the team that led Meta (NASDAQ:META)’s Diem crypto project is now the 8th largest chain as measured by TVL, after locking more value in its ecosystem than established protocols such as Polygon, and Optimism. This latest achievement signals a burgeoning demand that is strengthening the entire Sui DeFi ecosystem including leading lending protocols on the network, NAVI, Suilend and Scallop Lend and decentralized exchanges, Cetus and Aftermath.With over $400 million in stablecoins and a top 10 ranking in weekly DEX trading volume, Sui recently announced with Circle that it joined an exclusive shortlist of non-EVM chains to natively support the USDC stablecoin and its Cross-Chain Transfer Protocol (CCTP) on the network.ContactSui Foundationmedia@sui.ioThis article was originally published on Chainwire More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to unveil the World Series of Trading (WSOT) 2024, the world’s longest-running crypto trading competition. This year, WSOT pushes boundaries, integrating centralized and decentralized trading, allowing participants to experience the trustless trading of the future. Game-Changing Features Traders Will LoveIndividual traders can battle in three arenas depending on their capital size: lightweight, middleweight, and heavyweight. With separate prize pools for each league, the competition is fairer and ensures that talent wins the day, not account size. Furthermore, traders can add up to four subaccounts within their Unified Trading Account (UTA) and rack up PnL across multiple accounts and markets, increasing their chances of winning. Bybit’s UTA calculates margin across positions, unifies collateral, and improves capital efficiency so traders can operate multiple positions from one account, making it a killer tool for the rigors of competitive trading. Expanding into Decentralized and Centralized TradingWSOT also includes Bybit Web3’s DEX Pro trading platform so participants can trade over 1 million decentralized tokens, including memecoins, DeFi, GameFi, and more. Participants can also take part in the first-ever Web3 Idol competition.To play, traders earn votes through trading and completing daily tasks. Voters can support up to three projects daily and have the chance to win from a 1,000,000 MNT prize pool, including a 600,000 MNT grand prize for those who vote for the winning project and 200,000 MNT daily rewards. The winning project will receive exclusive CEO backing, prime listing, and marketing support, making it a key event in shaping the future of Web3.Over 100 ecosystem partners and decentralized projects such as MomoAi and Tars Protocol from Solana, and Catizen, KTX Finance via Mantle will participate in the DEX Pro competition as part of WSOT. By marrying centralized (CEX) and decentralized (DEX) trading, all crypto lovers can experience the wave of the whole ecosystem.The prize pool for WSOT 2024 is bigger and better, with rewards including yacht cruises, Rolex watches, world travel tickets, and up to 10,000,000 USDT. The more participants join, the larger the prize pool grows, making this year’s competition the juiciest in crypto. To participate, simply sign up for WSOT when the event opens on October 1 and maintain at least $500 in your Bybit UTA account. All participants can invite friends to join WSOT and get more chances in the lucky draw. Over the years, Bybit’s WSOT has grown to historic heights, with nearly 117,000 traders entering competitions between 2020 and 2022. And in 2023, the competition attracted almost 120,000 traders globally. This resulted in a remarkable year-on-year trading volume surge of 42%, reaching a total trading volume of 70.5 billion.#Bybit / #TheCryptoArk / #WSOT2024About BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, users can visit Bybit Press. For media inquiries, users can contact: media@bybit.comFor more information, users can visit: https://www.bybit.comFor updates, users can follow: Bybit’s Communities and Social MediaContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

Blocksquare today announced a strategic partnership with Polytrade, a decentralized finance (DeFi) platform facilitating the tokenization of real-world assets (RWAs). This collaboration will integrate Blocksquare’s real estate tokenization infrastructure with Polytrade’s marketplace, accelerating adoption of tokenized real estate and bringing enhanced liquidity, transparency, and accessibility to the sector.This collaboration expands the visibility of Blocksquare’s tokenized real estate offerings, giving marketplace operators access to Polytrade’s extensive DeFi network. In turn, Polytrade users gain exposure to real estate as a new asset class within their platform, offering them opportunities to invest in tokenized properties with greater flexibility and lower capital requirements.To learn more about the partnership, please visit Blocksquare’s blog here.About BlocksquareBlocksquare offers SaaS solutions for blockchain-based real estate tokenization. Headquartered in Ljubljana, Slovenia, Blocksquare’s platform aims to power a global network of marketplaces, connecting investors to real estate opportunities in their region. Through its real estate tokenization protocol, anyone can digitize real estate assets at a fraction of the cost, while providing the quickest way to launch an online marketplace. Blocksquare’s Oceanpoint adds a DeFi layer to its established tokenization infrastructure to create borderless access to real estate financing, for anyone with an internet connection. Website | X | Telegram | Blog | Facebook (NASDAQ:META) | Reddit | LinkedIn | Token overview | About PolytradePolytrade is the world’s leading marketplace for Real-World Assets (“RWAs”). Backed by & partnered with industry giants Mastercard (NYSE:MA), Polygon, Alpha Wave, and Matrix Partners, Polytrade’s marketplace brings together tokenized t-bills, credit, stocks, real estate, commodities as well as collectibles, art, IP, creator royalties, luxury goods from all chains to a single platform. Using its own RWA-focused ERC-6960 technology, Polytrade enables its 60,000+ users to discover, trade, fractionalize, cross-chain bridge, leverage, trade and simply do more with RWAs.ContactCMOJulia BuchholzBlocksquaremarketing@blocksquare.ioThis article was originally published on Chainwire More