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

Bitcoin's price has shown resilience by staying just above the $62,000 mark, despite uncertainty in the market. Minor fluctuations have kept the price within a predictable range, while traders and investors await a potential breakout. The key resistance level remains at $65,000, a psychological threshold that could signal new upward momentum if breached.

The cryptocurrency universe prepares for another bearish market wave for certain altcoins, raising investor concerns globally. Recent data from the Token Unlocks app indicated that nearly $300M worth of tokens are set to be released into the market over the coming week.

On October 10, Ethena unveiled the assets selected by its risk committee to allocate its Real World Assets (RWA) reserve fund.

Decentralized finance protocol Ethena will allocate $46 million of its Reserve Fund in various tokenized real-world assets. Ethena (ENA) announced the decision on Oct.

TL;DR Ethena has allocated $46 million of its Reserve Fund to real-world asset-backed (RWA) assets. Selected assets include BUIDL, USDS, USDM and USTB, seeking diversification and yield. This move aligns with the trend of DeFi platforms investing in real-asset-backed products to generate yield.

Ethena's $46 million allocation fits into the growing trend of DeFi platforms and protocol foundations investing in real-world asset-backed products to earn a yield without leaving blockchain rails.

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.

In times when large-cap and popular tokens like Bitcoin, Ethereum, XRP, or Cardano are consolidating, EigenLayer is displaying a huge possibility of triggering a huge bull run.

Celestia (TIA) has surged by 21% over the past four days, sparking interest in the sustainability of this upward trend. While the rise is promising, shifts in key indicators raise questions about its strength.

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.

Here's how some of your favorite assets wrapped up the week.

With the altcoins market, excluding Bitcoin and Ethereum, crashing under $600M, bearish clouds turn darker over crypto. Amid such conditions, a fresh recovery day with BTC hitting $62k shows a relief jump in altcoins. Further, despite the global tensions heating up, these altcoins are teasing a bounce back next week.

TIA's funding rates have been predominantly negative since early September showing strong bearish sentiment.

As October started, the cryptocurrency market faced a significant crash, increasing the bearish sentiment and attracting highly capitalized short-sellers. Some cryptocurrencies now risk suffering a short squeeze as imbalances appear in the market's open interest, dominated by short positions.

The crypto markets saw significant turmoil over the past 24 hours, with over 100,000 traders impacted by mass liquidations, greatly raising concerns during the latest market downturn. Bitcoin (BTC) briefly dipped below the $60,000 mark on October 3 before recovering and pushing back above $60,000.

A closely followed crypto strategist is warning that one modular blockchain project may be on the verge of collapse. Pseudonymous analyst Altcoin Sherpa tells his 224,000 followers on the social media platform X that layer-1 Celestia (TIA) could plummet by more than 77% from its current value due to prolonged investor selling.

The cryptocurrency market has been showing signs of struggle lately, and Celestia (TIA) is no exception. Recent analyses indicate that TIA might continue its downward trajectory, potentially hitting a price of $4.55 in the coming days.

The modular blockchain network Celestia will conduct the large token unlock in October, with a massive $1 billion worth of TIA set to be released. Many of its holders have begun selling their tokens before this event.

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

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.

According to RootData statistics, 97 publicly disclosed crypto VC investments occurred in September, representing a 12.6% decrease from August's 111 rounds.

Hedera's recent rally has positioned it near key resistance—can bulls maintain the momentum or is a pullback imminent?

The market isn't in favor of a TIA upswing. Here's a look at the technical aspects.

Latest updates on HBAR, SEI, and CELO coins.

Canary Funds has launched an investment vehicle called Canary HBAR Trust in the United States to give institutional investors access to HBAR. The investment vehicle is part of Canary Fund's objective to pave the way for HBAR exchange-traded funds (ETFs).

October marks significant token unlock events for several major projects.

Canary Capital has introduced the U.S.'s first HBAR Trust, expanding crypto options for institutional investors. This move offers institutional investors access to Hedera's (HBAR), the native crypto of the Hedera network.

The first US HBAR Trust went live recently, sparking discussions over a potential Hederal ETF launch. The launch of the Bitcoin and Ethereum Spot ETF in the US has fueled discussions over which altcoins will be there in line to witness an ETF launch in the same market.

SUI is not suffering from today's unlock, but TIA is for the end-of-month unlock.

Ethena's emergence as a leading weekly gainer reflects optimism, yet some factors may undermine its long-term prospects.

Ethena (ENA) price has surged 11% as bullish momentum continues to build, with signals indicating there could be more room for growth. The recent spike comes on the heels of a proposal to integrate Ethereal, a decentralized exchange, into Ethena's reserve management system.

TL;DR By October 2024, $1.3 billion worth of tokens will be unlocked on the market. Notable projects include Celestia, Sui and Aptos, with major releases scheduled. Investors should be on the lookout for potential impacts on cryptocurrency prices due to these unlocks.

TL;DR Ethereal proposes an integration with the Ethena network to expand its ecosystem and improve onchain management. A 15% allocation of Ethereal governance tokens is offered to ENA users. The exchange aims to match the performance of centralized platforms while maintaining full user custody.

The crypto markets are heading towards the end of the quarter and after an interim upswing, the prices of most of the tokens have been facing significant upward pressure. During the weekend, the Bitcoin price surged above $66,500, which squashed the possibility of a bearish close for the quarter.

Ethena community to vote on integrating Ethereal DEX to boost USDe stablecoin, with ENA holders receiving Ethereal tokens if approved.

Ethena Labs, the developer of the “synthetic dollar” USDe, revealed that the community is reviewing a proposal to launch a decentralized crypto exchange to drive the asset's growth. Ethereal On Sept.

The largest token unlock of the month belongs to Celestia, which will unlock 175.56 million TIA tokens on October 30.

Ethereal, a spot and perpetual DEX, proposed that the exchange be integrated to Ethena to be the on-chain exchange for USDe.

The cryptocurrency market displayed bearishness on Monday, with Bitcoin (BTC) losing 1.45% in the past day to hover above $64.5K. While most altcoins mirrored the top asset's performance, Ethena (ENA) stole the show with a 20.16% uptick from a 24-hour low of $0.3497 to $0.4202 % on its daily chart.

Ethereal, an integrated spot & perpetual futures DEX, requests the Ethena community to approve a proposal to directly integrate the DEX into Ethena-related reserve management from launch. It will help provide a fully on-chain venue for the management of spot and derivative positions backing USDe.

The Ethena community is set to vote on a proposal to integrate Ethereal, a decentralized exchange built on USDe, into Ethena's reserve management system.

Ethereal Exchange's integration with Ethena Network could enhance decentralized finance by boosting USDe demand and setting new DEX standards. The post Ethereal Exchange proposes integration with Ethena Network appeared first on Crypto Briefing.

The upcoming $1.3 billion token unlock could significantly impact market dynamics, potentially increasing selling pressure and volatility. The post Celestia, Sui, and Aptos set for $1.3 billion token unlock next month appeared first on Crypto Briefing.

While Celestia's monster $1 billion unlock dominates the rest of the field, several projects have large unlocks scheduled for the month of October.

The crypto venture capital scene is busy; Binance founder and former CEO Changpeng Zhao completes a four-month sentence; and SEC chair Gary Gensler addresses Bitcoin in a TV appearance.

The biggest raise this week came from Celestia. It announced a $100 million round led by Bain Capital Crypto, with participation from 1kx, Syncracy Capital, Placeholder and Robot Ventures.