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Solana Smart Network 375ai Completes $5 Million Fundraising, Led by Delphi Ventures

3 hours ago

On October 9th, according to Blockworks, the Solana-powered edge data intelligence network 375ai has successfully completed a $5 million funding round. The lead investors are Delphi Ventures, Strobe Capital, and HackVC. Participating investors include 6MV, ARCA, EV3, Peaq, and Heartcore. 375ai's CEO, Harry Dewhirst, stated that the project collects real-world data by monitoring vehicles in locations like Los Angeles in order to better understand consumer behavior. Dewhirst mentioned that the DePIN project is also being promoted in New York and Miami, and the team plans to enter the international market next year.
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Bank of America to Become Anchorage's Digital Bank for Stablecoin Reserves Custody Service

On October 9th, Anchorage Digital Bank, a digital bank with a crypto-friendly stance, announced that US Bank has been appointed as its reserve custody service provider for its payment stablecoin. Currently, Anchorage Digital Bank holds a US federal charter as a crypto-native bank and operates under the direct supervision of the Office of the Comptroller of the Currency (OCC).

5 minutes ago

Vitalik received a 6.29 million STRK token unlock, worth $1.01 million

On October 9th, according to on-chain analyst Ai Yi (@ai_9684xtpa), Vitalik received another airdrop of 6.29 million STRK from Starknet, which was unlocked. This airdrop is worth $1.01 million and it has been a year since then. It is worth noting that in January 2018, Vitalik participated as an individual in StarkWare's $6 million seed round financing. After receiving the tokens a year ago, Vitalik recharged them to Binance.

5 minutes ago

LAVA Surges Above $0.16, Up 193% in 24 Hours

On October 9th, according to market data, the modular blockchain infrastructure developer Lava Network's token LAVA is currently trading at $0.1603, indicating a 24-hour price increase of 193%.

5 minutes ago

Ocean Protocol has announced its withdrawal from the ASI Alliance, and the OCEAN token will be relisted.

On October 9th, as per an official proclamation, the Ocean Protocol Foundation has dismissed its appointed director and resigned from its position as a member of the Infoteria-led Super Infoteria Consortium (ASI Consortium), with the effect taking place immediately. The OCEAN token may become unpegged and is being evaluated for re-listing on trading platforms.

5 minutes ago

「Flashbots」 0x880a-Starting Address Bi-directional Layout HYPE, with a total floating loss of $11.4 million

On October 9th, according to the monitoring of HyperInsight, in the past 2 hours, the address beginning with 0x880a has been continuously expanding its short position on the main position of HYPE. Meanwhile, it has been increasing its long position on the secondary position of HYPE within the same trading range. Based on the monitoring, in the past 3 hours, this address has successively opened short positions and added to its short positions on MNT, WLD, PENGU, and ENA. As of 12:00 today (Beijing time), it is still constantly adding to its position. Simultaneously, this address holds a total position of approximately $148 million, with a total unrealized loss of around $11.4 million. In the past week, its win rate is 83%. The operator of this address tends to engage in swing trading, with quick entries and exits, a high frequency, and a high win rate (70%). It has been actively trading in recent weeks.

5 minutes ago

Arthur Hayes New Article: Bitcoin's Four-Year Bull Market Cycle May Have Failed, with USD and RMB Liquidity Becoming Key Variables

On October 9th. The co-founder of BitMEX, Arthur Hayes, released a new article titled "Long Live the King!". In this article, he stated that each peak of the Bitcoin bull market is related to the "price and supply" changes of the US Dollar and the Chinese Yuan. Currently, this cycle is different from the regular four-year pattern in the past. He reviewed three cycles from 2009 to 2021: when the growth of USD/CNY credit slows down or contracts and interest rates rise, Bitcoin reaches its peak and then declines; when the US Dollar undergoes large-scale quantitative easing (QE), helicopter money, or when China experiences strong credit expansion, the price of Bitcoin strengthens. The article indicates that the Federal Reserve's tendency to lower interest rates and expand the money supply is in line with China's signal of ending deflation and moderately increasing credit, which may potentially prolong this current upward trend.

5 minutes ago