According to Blockworks, Solana's supply of PayPal's stablecoin, PYUSD, has significantly decreased after previously surpassing Ethereum's supply. The stablecoin's supply on Solana, which once exceeded $660 million, has now fallen to around $320 million, marking a decline of approximately 50% in about a month. In contrast, Ethereum currently holds a supply of $377 million PYUSD. This reduction in supply coincides with the gradual winding down of liquidity incentive programs by DeFi protocols such as Kamino. These programs had previously boosted yields for PYUSD holders, attracting yield farmers who have since moved on to other opportunities. This shift raises questions about the long-term value of these incentive investments. PayPal's PYUSD is issued by Paxos, which has aimed to draw liquidity away from the USDT-USDC stablecoin duopoly by partnering with Trident Digital for liquidity programs. After PYUSD's launch on Solana earlier this year, Trident Digital implemented liquidity incentives on various Solana DeFi platforms to temporarily increase yields and capture liquidity. These incentives involved distributing funds to DeFi protocols, which then passed them on to users as a fraction of the platforms' PYUSD supply, subject to gradually lifted caps and declining yields. At its peak, $350 million in PYUSD on Solana was earning an 18% yield on Kamino. Currently, the annual percentage yield (APY) has decreased to 9.24%, which, while still significant, appears insufficient to retain some investors. It remains unclear whether the incentives originated from PayPal or the Solana Foundation, as both organizations did not respond to requests for comment. The effectiveness of these liquidity incentives is debatable. Kilian Boshoff, chief commercial officer of Swell, commented that

Historically, October has been a favorable month for Bitcoin (BTC) and the broader cryptocurrency market. source: https://cryptodnes.bg/en/bitcoin-price-prediction-for-october-from-a-respected-crypto-analyst/

Bitwise Asset Management recently submitted a filing for an XRP Exchange Traded Product (ETP) amid growing anticipation for regulatory approval. This filing, submitted to the U.S. Securities and Exchange Commission (SEC), has the potential to reshape XRP’s market trajectory if approved. Bitwise submitted the Form S-1 on September 30, laying the groundwork for a possible trust … source: https://coinpedia.org/news/ripple-news-can-secs-potential-appeal-cause-the-rejection-of-bitwises-xrp-etp/

Solana (SOL) price is down 6% in the last 24 hours, catching the attention of investors. Technical indicators like the Relative Strength Index (RSI) suggest the cryptocurrency may be approaching oversold territory, indicating a possible reversal. Increased activity on Solana’s major application, PumpFun, hints at renewed user engagement that could positively influence SOL’s performance.... source: https://beincrypto.com/sol-price-support-potential-surge/

انخفضت عملة الدوجكوين DOGE بنسبة 18% من أعلى مستوى لها مؤخراً، لكن البيانات الموجودة على السلسلة، تشير إلى أن الاتجاه الصعودي لعملة الميم لم ينته بعد. حيث سلطت شركة تحليلات بلوكتشين Santiment، الضوء على أعلى مستوى خلال سبعة أشهر في نشاط الشبكة، وأعلى مستوى خلال أربعة أشهر في معاملات الحيتان، مما يشير إلى إمكانية ارتفاع […] source: https://arabeum.net/%d8%aa%d9%88%d9%82%d8%b9%d8%a7%d8%aa-%d8%b3%d8%b9%d8%b1-%d8%b9%d9%85%d9%84%d8%a9-%d8%a7%d9%84%d8%af%d9%88%d8%ac%d9%83%d9%88%d9%8a%d9%86-doge-6/

The price of Bitcoin has plunged over the last 24-hour period amid rising geopolitical tensions, to now trade around $61,000 after losing nearly 7% of its value. The drop- however, may be a temporary setback, as a cryptocurrency analyst has recently pointed to a potential surge to $90,000 this year. In post shared on the […] source: https://www.cryptoglobe.com/latest/2024/10/bitcoin-to-soar-to-90000-analyst-predicts-massive-rally-after-recent-price-dip/

In this week's issue of CoinDesk's weekly blockchain tech newsletter, we've got names, details and anecdotes on crypto companies' unwitting hires of North Korean developers. PLUS month-end rankings for bitcoin, ether and other digital assets in the CoinDesk 20 index during a strangely bullish September. source: https://www.coindesk.com/tech/2024/10/02/the-protocol-inside-north-koreas-campaign-to-put-crypto-developers-on-payroll/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Altcoin prices crumbled as Bitcoin fell to $60,000, but charts suggest buyers could step in soon. source: https://cointelegraph.com/news/price-analysis-10-2-btc-eth-bnb-sol-xrp-doge-ton-ada-avax-shib?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

It appears that Crypto-focused investment firms are now eyeing the XRP Exchange Traded Fund (ETF) in the United States. Following the successful launch of Bitcoin and Ethereum ETFs, a new crypto-focused investment firm Canary Capital, filed for an XRP ETF by submitting Form S-1 to the US Securities and Exchange Commission (SEC) last week. First … source: https://coinpedia.org/news/xrp-etf-buzz-canary-capital-leads-the-charge/

Is this the beginning of a new Dogecoin era? New wallets surge 72% as retail jumps in for the dip. source: https://dailycoin.com/dogecoin-jumps-72-in-fresh-wallets-doge-rally-not-over-yet/?utm_source=cryptopanic&utm_medium=rss

أطلق سو تشو وكايل ديفيز، المؤسسان المشاركان لصندوق التحوط الفاشل ثري أروز كابيتال، عملة رقمية جديدة تسمى *ثري أروز كابيتال*، والتي أثارت مخاوف بسبب سيطرة المطلعين على 84% من إمداداتها. فقدت العملة بالفعل أكثر من 70% من قيمتها منذ إطلاقها، مما أثار مخاوف من التلاعب بالأسعار وجلب انتقادات للماضي المثير للجدل والقضايا القانونية المستمرة للثنائي.