There are important developments today regarding the 10 altcoins that Turks also buy heavily. The cryptocurrency world is extremely active. Therefore, it is necessary not to miss the developments and to be informed about cryptocurrencies.
Important development for Altcoin Solana
PeckShieldAlert, which monitors token movements in the cryptocurrency space, shared an important detail today. Accordingly, it identified a significant transaction involving an address associated with FTX, moving approximately 309,200 SOL tokens worth $9.9 million. Notably, a significant portion of these tokens amounting to SOL 244,000 were transferred to the popular cryptocurrency exchange Binance. This transaction highlights the significant movement of assets in the crypto space.
Investing in altcoin project from Google
Google has pledged a significant investment of up to $2 billion in artificial intelligence company Anthropic. Google’s initial investment of $500 million in Anthropic attracted attention. Now, an additional investment of 1.5 billion dollars is planned in the coming period. This financial commitment is a sign that Google is focusing on developing artificial intelligence technologies.
BNB Chain launched a new service
On October 28, BNB Chain, which includes altcoin projects, took an important step. Accordingly, it launched a multi-signature wallet service using the Gnosis Safe protocol on BSC and opBNB. This service provides users with a safe and convenient way to handle their digital assets and transactions. To benefit from the BNB Chain multi-signature wallet service, users need to start the process by creating a Safe.
Application for a new Bitcoin ETF
Bloomberg reported that ETF analyst Eric Balchunas announced on social media that Roundhill, an investment firm, has applied for the Bitcoin Covered Call Strategy ETF. The ETF is designed to hold Bitcoin futures ETFs and generate income by selling call and put options. Covered Call strategy involves purchasing the underlying asset. It also involves selling relevant call options to optimize returns. This development shows increasing interest in altcoin-focused ETF products and innovative strategies being explored in the space.
Important development in Altcoin MEME
On October 28, BlockBeats reported that options and perpetual contract trading protocol Aevo introduced MEME Pre-Launch Futures. These futures are currently trading at a price of $0.022. This launch provides an opportunity for investors to speculate on the future price movements of the MEME token before its official launch.
Altcoin LOOM experienced a significant increase
Market data shows that altcoin LOOM has experienced a significant price increase. Accordingly, the price has exceeded the $ 0.135 level. It is also currently trading at $0.1359. The cryptocurrency increased by 27.7% in 24 hours. On the other hand, this reflected strong market activity and investor interest in LOOM.
LastPass hack leads to serious consequences
Blockchain detective ZachXBT reported that the LastPass hack, which occurred on October 25, 2023, had serious consequences. More than 25 victims lost an estimated $4.4 million in just one day due to this security breach. This situation reminds us of the security problems in altcoin projects.
Paradigm entered into an important partnership
There is a significant development in the field of Bitcoin and altcoins. Paradigm, recognized as the largest cryptocurrency derivatives trading liquidity network in both the CeFi and DeFi sectors, has entered into a partnership with SignalPlus. The goal of this collaboration is to improve the liquidity experience for bulk trading and exchange order books. SignalPlus, known for its leading trading and risk management platforms, will benefit from Paradigm’s expertise and position in this field. It also aims to provide investors with a more comfortable and easy operational environment. This partnership marks efforts to improve trading infrastructure and services in the crypto industry.
New development regarding FTX founder
There is a development regarding DCG’s CEO, Barry Silbert, during Sam Bankman-Fried’s testimony. Accordingly, Silbert sought equity capital from SBF for DCG’s subsidiary Genesis during the downturn in the cryptocurrency market last year. Genesis had suffered significant losses due to the collapse of cryptocurrency hedge fund Three Arrows Capital. Additionally, cryptocurrency trading platform and lender Celsius had also applied to SBF for urgent financing. However, the request was rejected. As of now, when we look at Kriptokoin.com, neither DCG nor Celsius has commented on these statements.
Allegation of insider information leak for an altcoin
NFT project Memeland shared on social media that an investor had leaked information regarding the potential listing of Memecoin (MEME) on Binance. Although this statement was unintentional, Memeland took action by removing the investor from the private placement round.
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