On October 17, Kraken introduced Kraken Wrapped Bitcoin (kBTC), a new ERC-20 token aimed at increasing Bitcoin's utility across decentralized applications (dApps) on networks such as Ethereum and OP Mainnet.

London, UK, 17th October 2024, Chainwire

Kraken, a leading cryptocurrency exchange, launched its own wrapped bitcoin (BTC) token, known as kBTC, on October 17.

The Kraken's launch of Wrapped Bitcoin will further enhance the mainstream adoption of BTC through Web3 space across different chains.

After Coinbase, Kraken has launched its very own wrapped Bitcoin product.

Uniswap also joined Hedera as an underperformer, falling 3.9%.

Kraken's launch follows the recent introduction of Coinbase's wrapped bitcoin asset, cbBTC, with both tokens competing against WBTC.

This new platform allows you to place bets on whether Donald Trump will win or lose the election. It offers an interesting way to do so with leverage.

Lido Finance expands to Optimism, strengthening its position as the leading DeFi platform with over $25 billion in TVL, while its token LDO struggles despite ecosystem growth.

Optimism (OP) is in the spotlight, with heightened volatility expected from its upcoming token unlock.

The decentralized finance (defi) platform Dydx has introduced a new prediction market allowing traders to speculate on Donald Trump's chances in the 2024 U.S. presidential election. The decentralized platform enables users to leverage positions in a perpetual trading market tied to election results.

Bitcoin (BTC) has continued its impressive performance this week, going past $67,000 after an increase of almost 3% over the past 24 hours and almost 8% over the past week, as the crypto market continues its impressive recovery.

The dYdX Foundation, a decentralized governance platform, has announced the launch of a Trump Prediction Market perpetual on the dYdX platform, according to the information disclosed to Finbold on Tuesday, October 15.

dYdX has launched Trump Prediction Market Perpetuals, enabling traders to leverage positions on Donald Trump's prospects in the 2024 US Presidential Election. The decentralized exchange introduced this market following a governance proposal approved by the dYdX community on Oct. 9.

This decentralized market allows traders to take long or short positions based on their predictions for Donald Trump's electoral prospects.

The cryptocurrency market continued its strong start to the week, with almost all major cryptocurrencies in positive territory. Bitcoin (BTC) is up over 2% in the past 24 hours and briefly climbed above $66,000 before dropping to its current level of $65,500.

The dYdX Foundation has introduced a new derivatives product pegged to the outcome of the 2024 U.S. presidential election.

dYdX Foundation launched the dYdX Trump perp prediction market for the 2024 U.S. election, allowing traders to speculate on Donald Trump's chances of winning.

The U.S. election is the most anticipated political event in the world and is scheduled for November 5. dYdX Foundation has incorporated a perpetual market on its trading platform based on the upcoming elections to mirror Donald Trump's performance when the ballot has been decided.

The Polygon chief has repeatedly suggested that an OP Stack chains are coming to the AggLayer.

In this article, we look at the latest airdrop updates in the crypto world, focusing on the Optimism and Swell projects.

Sporting league, Karate Combat will introduce a new LL2 blockchain platform on Hedera.

Key Points:

dYdX launches prediction markets with up to 20x leverage on its chain through integration with Polymarket, offering new speculative opportunities.

Crypto prices for some coins rose sharply as the cryptocurrency market experienced notable gains on Friday, October 11. Bitcoin reclaimed $62k and most top altcoins traded higher, with notable surges for Ethena and Celestia.

Karate Combat, a web3 professional strike league, is set to launch its layer-2 blockchain network on Hedera. In an announcement on Oct.

Optimism price is recovering from a significant 13% drop between October 7 and 10, fueled by general market conditions. The announcement of an Optimism airdrop from the Optimism Foundation, coupled with the unexpected U.S. CPI data, initially had negative effects on the price.

After founding dYdX Trading, Juliano noted that his motivations for serving as CEO have shifted during his time at the company.

Antonio Juliano, the founder of dYdX, officially returned as CEO on Thursday, October 10, 2024, following a six-month hiatus, to tackle the company's challenges and navigate the growing competitive pressures in the market.

Antonio Juliano, the founder of decentralized exchange dYdX, has announced his return as CEO just six months after stepping down from the position. Juliano's comeback comes at a crucial time for the company, which has faced major challenges.

Optimism token remained in a deep bear market as the recent rally of most cryptocurrencies stalled. Optimism (OP), a leading layer-2 token, was trading at $1.5140 on Oct. 10, down 70% from its highest point this year.

dYdX founder Antonio Juliano has resumed his role as CEO of the company, returning after a six-month hiatus following his resignation in May.

Antonio Juliano has returned as CEO of dYdX, six months after stepping down, emphasizing the need for founder-led leadership.

Optimism (OP) price has shown signs of a bullish trend as it continues to move within an ascending triangle pattern, which often signals upward price movement. The Layer 2 chain has recently gained attention with its fifth airdrop, distributing 10.3 million OP tokens.

TL;DR Optimism's Fifth Airdrop: Distributed 10.3 million OP tokens to over 54,700 users, valued at approximately $16 million. Eligibility Criteria: Users needed to interact with at least 20 different contracts or engage with at least seven chains on the Superchain between March 15 and September 15, 2024.

Per Optimism, recipients of the airdrop have until February 13, 2025, to claim their OP tokens.

Bears dominate the crypto space as Bitcoin lost 1.90% in the precious 24 hours, showcasing weakness above $60,000. Meanwhile, layer2 blockchain Optimism (OP) led the downside, losing over 6% within the past day. Optimism's downward stance follows the recent airdrop, which saw the network distributing 10,368,678 tokens (worth around $16 million).

Optimism launched its fifth airdrop, distributing 10.3 million OP tokens (worth $16 million) to 54,700 user addresses.

OPTIMISM Unlock date - Oct 10th 2024 Number of tokens unlocked- 8 million OP (0.64% of its circulating supply) Current Circulating Supply - 1.25 billion OP Previous token unlock - Sep 30th, 2024 OP Mainnet is a low-cost and lightning-fast Ethereum L2 blockchain powered by Optimism. It is an EVM equivalent layer 2 blockchain designed to scale up Ethereum.

Hedera, a proof-of-stake platform, wasn't spared from aggressive bears in early October. After HBAR, its native token, floated higher in September, the rejection of bulls in early October resulted in a double top.

dYdX v6 upgrade is now completed with new features like a Market Mapper, revenue-sharing mechanisms, and personalized vault parameters.

Crypto analyst Egrag has once again shared a bullish analysis of Hedera Hashgraph (HBAR), predicting a potential 30x increase (2,900%). His latest chart analysis (HBAR/USD) presents a view where HBAR stands in the current market cycle, highlighting key Fibonacci retracement levels and critical price points that could guide HBAR's movement in the months ahead.

Three cryptocurrencies will unlock nearly $150 million worth of tokens, potentially flooding the market with increased supply pressure. Speculations on the outcome of such massive inflation could bring uncertainty and increase the risks of trading these tokens.

Optimism (OP) price has been under pressure this year, reflecting the broader challenges faced by the scaling solution ecosystem. Key indicators suggest a significant shift in market sentiment, raising concerns about future price trends.

The cryptocurrency markets continued to drop for the second day in a row, with major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), firmly entrenched in the red. BTC slumped to a low of $60,031 before recovering and is currently trading around the $61,300 mark.

The first-ever HBAR trust fund in the States puts Hedera's native crypto within reach for top-notch institutional investors.

Optimism (OP) is gaining momentum in the cryptocurrency market, with analysts predicting a potential rally of up to 70%. This bullish sentiment comes as the token approaches a crucial resistance level of 3000 sats, which experts believe could trigger a significant breakout.

TL;DR Canary Funds launches Canary HBAR Trust in the U.S., providing institutional investors with a regulated avenue to acquire Hedera's native token, HBAR, and paving the way for future HBAR ETFs. HBAR gains traction due to its support for asset tokenization, Web3 applications, and NFTs, with the Hedera Foundation emphasizing the potential for increased institutional investment opportunities.