Large investors believe Trump is more likely to win the elections due to his pro-crypto views and are betting on that outcome.

TL;DR Shift to Tokenized Funds: Wall Street traders are increasingly turning to tokenized money-market funds, which offer stability and attractive yields of 4% to 5%, as an alternative to stablecoins. Interest Generation: Unlike stablecoins, tokenized funds can generate interest from their underlying assets, making them a more appealing option for investors seeking returns.

Cryptocurrency finds a new home in emerging markets. In places where traditional banking systems are weak, digital coins offer a way to bypass hurdles.

SEC Chair Gary Gensler on Wednesday emphasized the importance of investor protection and transparent capital markets when discussing the SEC's approach to cryptocurrency regulation. What Happened: Responding to concerns about the SEC's method of enforcing regulations in the crypto space in an interview with Bloomberg, Gensler highlighted that the agency's role aligns with a broader legislative framework designed to safeguard public interests and promote capital formation.

The metaverse developer claims to have "cracked the scalability problem" of blockchains, promising over 400,000 transactions per second.

The DeFi sector is on track to record an unexpectedly low valuation in total assets lost due to exploits

The United States and Nigeria have formed a Bilateral Liaison Group to counter cryptocurrency-related crimes and illicit finance. An Oct. 23 announcement reaffirmed the United States' dedication to working closely with Nigeria.

MemeFi's $MEMEFI token debuted on OKX for pre-market trading amidst a price dip and a new partnership with Mysten Labs.

In 2024, meme coins are gaining momentum thanks to their growing utility, strong communities, and integration with DeFi and AI technologies. However, they come with high risks due to their volatility and dependence on social media hype. Discover which ones might have lasting potential.

The U.S. court ruled that cryptocurrency losses do not qualify as “direct physical loss” under traditional insurance policies.

An exploit on the Base blockchain revealed major vulnerabilities, leading to $1M in stolen funds and raising security alarms in DeFi.

Georgia's leading opposition party, the United National Movement, launched United Space, an identity app powered by Rarimo ahead of the Oct. 26 parliamentary elections.

Dogizen has already attracted over 1.3 million players to its game in record time and sparking a wave of FOMO on social media.

Russia hosted the BRICS summit, where Vladimir Putin proposed a new financial system without the dollar.

Coinbase Ventures, the investment arm of Coinbase (NASDAQ:COIN) has unveiled its core thesis on the future convergence of cryptocurrency and artificial intelligence, highlighting the potential for blockchain technology to enhance AI accessibility, transparency and use cases. What Happened: The report, authored by Jonathan King, outlines a vision where AI agents operating on crypto infrastructure could become significant drivers of economic activity, leading to the rise of an “Agentic Web.

A hacker plundered $20 million worth of crypto from a wallet affiliated with the US government, according to the digital asset deanonymizing platform Arkham. Arkham notes the exploiter stole the crypto from a government address affiliated with funds seized from hackers who hit the exchange Bitfinex in 2016.

Binance, the leading cryptocurrency exchange, recently started listing some Solana-based memecoins, making these low-liquidity speculative cryptocurrencies surge in price. In this context, an anonymous trader is profiting from buying these coins “in the same second” of the listing announcements.

The risk of adverse regulatory intervention is an obstacle to the mass adoption of tokenized money market funds, an analyst said.

South Korea's finance ministry has announced plans to implement new regulations for cross-border crypto transactions. This is one of the latest major announcements in the country's comprehensive approach to cryptocurrency regulation.

Bitstamp has secured a MiFID Multilateral Trading Facility license, enabling the exchange to offer EU-regulated crypto derivatives for institutional and retail investors.

Arkham traced the funds and observed laundering activity to suspicious wallets.

Russian banks, particularly smaller ones, are unhappy about the high cost (between $1.25 million and $2 million) of integrating with the central bank's digital ruble platform. This cost is seen as prohibitive for many banks, exceeding their IT budgets.

OKX, one of the biggest crypto exchanges globally, has rolled out “Smart Sync” which is a new AI-powered feature in its Spot Copy Trading tool. It enables users to easily mirror lead traders' entire portfolios.

AI tools are increasingly embedded in human activities. An AI Agent is a program capable of executing complex, specialized tasks on behalf of a human.

Improbable to begin the DevNet phase of its Somnia blockchain after 2 active years of development.

Arkham Intelligence and other blockchain trackers noted unusual activity in the Bitfinex hack wallet controlled by the U.S. government.

Pennsylvania bipartisan crypto protection law wins strong support from both parties, moves to state Senate as voter interest in digital assets grows

Off The Grid, the so-called Web3 extraction shooter built on the Avalanche blockchain, has maintained momentum after its launch in the early access stages. While the game has fallen from the top 100 most viewed games on the streaming platform Twitch, it has maintained 500,000 daily active addresses (DAA) since its launch, with over 6.

The East is definitely displeased with the dominance of the US dollar in the global financial ecosystem. In the recent BRICS summit, Russia appealed for the creation of a new global financial ecosystem, detached from the US dollar.

A United States appeals court has ruled that home insurance does not cover cryptocurrency losses, stressing that policies only apply to physical property. On Oct.

SAFE, the native token of Safe Wallet surged 72% over the last day after it secured a listing on Upbit and its wallet went multichain. Safe (SAFE) surged to $1.

Perhaps it will be necessary to wait until the end of the year to understand if the taxes on crypto capital gains in Italy will really increase.

The Netherlands plans to update cryptocurrency tax rules for transparency and compliance; opens public consultation from October 24 to November 21, 2024.

BingX has announced the launch of "ShieldX", an integrated plan to enhance the platform's security infrastructure.

Earlier this week, Canadian crypto custody specialist Balance announced it had become a qualified custodian in the country.

Denmark's Tax Law Council has proposed a new cryptocurrency taxation framework that could introduce a 42% tax rate on both realized and unrealized gains starting in 2026

The Netherlands is implementing new laws requiring crypto service providers to collect and share user data with tax authorities by 2026

Buenos Aires' Innovation and Transformation Secretary, Diego Fernandez, confirmed that Quarkid, a self-sovereign decentralized blockchain ID project, has already been implemented as part of the city's app, Miba.

Crypto service providers, like exchanges, could soon be required to collect and share user data with the Netherlands tax authority under crypto tax monitoring laws proposed by the Dutch Government, aligning with rules adopted by the European Union last year. In an Oct.

Andreessen Horowitz, known as a16z, one of the most prominent venture capital firms, recently discussed how an AI bot they funded spurred the creation of a multi-million-dollar meme coin.

In an unprecedented turn of events, a U.S. Government wallet was recently reported to be compromised, echoing a bustle across the broader market. On Friday, on-chain data indicated that the US govt wallet started shifting or selling nearly $20 million worth of crypto assets, including ETH, USDT, USDC, and aUSDC to another address.

GalaChain has successfully issued most Founder's Node licenses as allowances, though some nodes faced issues. The team is actively resolving these to ensure seamless operations.

GalaChain is steering the evolution of Web3, transitioning blockchain from niche markets to global innovation, and setting the stage for mass adoption across industries.

Meme coins are those quirky cryptocurrencies that started out as internet jokes but have surprisingly turned into major players in the financial world, racking up billions in trading volume.

South Korea introduces stringent pre-registration and monthly reporting requirements for businesses in cross-border crypto transactions.

About $20 million in cryptocurrency seized from the notorious Bitfinex hack has mysteriously moved out of U.S. government-controlled wallets.

After a recent security breach, crypto exchange BingX has released "ShieldX," an advanced update geared toward improving the platform's security from a similar attack.