Friday, October 4, 2024

Crypto

Bitcoin leads $321M crypto inflows following Fed rate reduction

Digital asset investment products posted a second consecutive week of inflows last week, totaling $321 million, CoinShares reported. Source link

IMF staff propose REDI framework to catalyze CBDC adoption

IMF staff members have introduced a high-level four-stage framework emphasizing regulation, education, design and incentives to enhance CBDC adoption. Source link

Crypto lender Shezmu recovers hacked funds through negotiation

Shezmu recovers nearly $5 million in stolen crypto through negotiations with the hacker, agreeing to a higher bounty. Meanwhile, WazirX struggles with unresolved losses. Source link

PancakeSwap plans v4 update following $836B trading volume milestone

PancakeSwap announces its v4 update to improve liquidity provision, interoperability, and scalability, aiming to resolve AMM shortcomings. Source link

Talent flocks to AI but ‘frothy’ market turns off VCs: Dragonfly Capital

Dragonfly Capital general partner Tom Schmidt urged crypto projects to consider whether they need venture capital funding.  Source link

BNB Chain introduces gasless stablecoin payments initiative

BNB Chain partners with major CEXs and wallets to introduce gasless stablecoin transfers, enhancing cross-chain liquidity. Source link

Bitcoin poised for volatility ahead of US interest rate decision: Analysts

The Fed is expected to deliver its first interest rate cut since the pandemic, which could introduce more volatility before the next Bitcoin leg up. Source link

Bybit bags provisional crypto license from Dubai regulator

The Virtual Asset Regulatory Authority (VARA) has granted Bybit a non-operational license to serve retail and institutional crypto investors in Dubai. Source link

Bitcoin set for 3-month historic rally as analysts eye $92K BTC

According to market analysts, this could be the last dip buying opportunity for Bitcoin before the next leg up. Source link

USDC issuer Circle announces HQ move to New York ahead of IPO

2025 could bring stablecoins into the mainstream, after 2024 introduced a "turning point year in crypto," according to Circle's Allaire. Source link
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