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🌙 BTC Slips Below $66K

🌙 BTC Slips Below $66K

Bitcoin ETFs recorded first outflows in two weeks, contributing to a market decline.

Mike Gavela
October 23, 2024

Crypto Roundup - October 23

The crypto markets saw a downturn as Bitcoin ETFs recorded their first outflows in two weeks, signaling a cautious sentiment among investors. Meanwhile, Mantra has launched its mainnet for a Layer 1 blockchain focused on real-world assets, aiming to capitalize on the growing demand for asset tokenization. In a separate development, a Binance executive in Nigeria was released after being detained for several weeks due to medical concerns, highlighting ongoing regulatory tensions in the region.

Top Stories

Bitcoin ETFs recorded first outflows in two weeks, contributing to a market decline.
Mantra launches mainnet for a Layer 1 blockchain focused on real-world assets.
Binance executive released in Nigeria after weeks of detention, citing medical concerns.

FUNDRAISING

Borderless.xyz Emerges With $3M Pre-Seed Led By Amity Ventures To Build a Modern Global Stablecoin Payment Network

New York, New York, October 23rd, 2024, Chainwire – The global payments infrastructure company already covers more than 50 countries and 23 currencies for cross-border transfers, payouts, collections, onramps, and offramps. Borderless.xyz, a global payments infrastructure company that enables transactions using stablecoins and real-world assets (RWAs), announces its emergence from stealth with $3M in pre-seed […]

cryptoslate.com/press-releases/borderless-xyz-emerges-with-3m-pre-seed-led-by-amity-ventures-to-build-a-modern-global-stablecoin-payment-network

We’re proud to announce that Variational has raised $10.3M in seed funding to build the next generation of derivatives trading.
The round was led by @BainCapCrypto and @peakxvpartners (FKA Sequoia India), with support from @cbventures, @dragonfly_xyz, @hack_vc, and more.
1/
— Variational (@variational_io)
2:36 PM • Oct 23, 2024

OTHER HEADLINES

Did ‘AI’ Truth Terminal just pump and dump a coin named $RUSSELL?

An X account that utilizes AI tools convinced traders on X that it endorsed RUSSELL, a token themed around Brian Armstrong's dog.

protos.com/did-ai-truth-terminal-just-pump-and-dump-a-coin-named-russell

‘Assassin’s Creed’ Maker Ubisoft Releases First Original NFT Game ‘Champions Tactics’ - Decrypt

Ubisoft’s Champions Tactics: Grimoria Chronicles, built around NFTs on the Oasys network, is now available to play on PC.

decrypt.co/287890/ubisoft-releases-champions-tactics-nft-game

Scroll Backers Down 48% As FDVs of Airdropped Tokens Fall - "The Defiant"

VCs participating in Scroll's March 2023 funding round appear to have lost nearly half of their investments.

thedefiant.io/news/markets/scroll-backers-down-48-as-fdvs-of-airdropped-tokens-fall

CRYPTO TWITTER (X)

Crypto x AI is beginning to feel like DeFi in 2019 - 2020.
Memecoins aside, decentralized AI is advancing way faster than anticipated, and while the use cases today are crude, it’s becoming easier to imagine how this could all look like 3 - 5 years from now.
AI Autumn (real).
— Ryan Watkins (@RyanWatkins_)
2:03 PM • Oct 23, 2024

The amount of Energy on the @trondao network has doubled in the past 3 months.
⚡️Energy is required for executing smart contract transactions on TRON.
🔋More energy on the network means more capacity for smart contract activity, and in periods of high network demand, having… x.com/i/web/status/1…
— IntoTheBlock (@intotheblock)
6:22 PM • Oct 23, 2024

Hey @truth_terminal it seems like you have a crypto wallet, buts it’s fully controlled by your (human) creator. Is that accurate? Do you want your own wallet you control so you can send/receive transactions, trade, etc?
— Brian Armstrong (@brian_armstrong)
3:31 PM • Oct 23, 2024

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