Overseas KOL Ignas posted data on X, pointing out that the number of EIGEN currently in pledge is larger than the number of EIGEN in circulation - the pledged amount is 242 million and the circulating amount is 186 million (CMC and Coingecko data). This is because EigenLayer allows investors' tokens in a "locked" state to be pledged. Ignas added that this is a common problem in the industry, and TIA seems to have similar problems. It dilutes the staking rewards available to real users and limits the token's value-added potential because the lower APY is not enough to attract people to buy these tokens from the market.

WOOFi launches the Avalanche BOOST campaign, which will provide 10,000 sAVAX incentives to WOOFi users over the next 12 weeks. Users can obtain it through WOOFi Earn and Cross-Chain Carousel, including: WOOFi Earn distributes a total of 8,000 sAVAX, which users can deposit into any of WOOFi's three Avalanche Earn vaults (AVAX, USDC, and BTC.b). Once funds are deposited, sAVAX rewards will begin to accumulate in real time and can be claimed at any time. Cross-Chain Carousel distributes a total of 2,000 sAVAX, and a different Avalanche protocol will be selected each week and rewards will be distributed based on trading volume.

According to Cointelegraph, weekly sales volumes of non-fungible tokens (NFTs) have reached their highest level since August, following a period of declining sales amid a broader market downturn. Data from the NFT market tracker CryptoSlam! indicates that sales between Sept. 30 and Oct. 6 exceeded $84.9 million, marking the highest weekly NFT sales volumes since the week ending Aug. 25, which saw over $93 million in sales. At its peak, the weekly sales volume for NFTs was over $2.2 billion, achieved from Aug. 23 to Aug. 29, 2021, according to CryptoSlam! However, three of the top five blockchains for NFTs, including Bitcoin (BTC), Ether (ETH), and Solana (SOL), registered lower trading volumes compared to the previous week. In contrast, Mythos Chain saw a significant spike, rising to second place overall under Ethereum with over $15 million in sales, representing an over 6,000% gain in the last seven days. Polygon also experienced a 210% increase in weekly sales volume. Overall, only two of the top five NFT blockchains showed positive growth for the week. The NFT collection Dmarket recorded the highest sales in the last seven days, with over $14 million across 537,714 transactions. In addition to the increase in total weekly volume, the number of NFT buyers also rose, with CryptoSlam! data showing over 839,000 NFT buyers in the last seven days, a nearly 22% increase from the previous week. There was also a significant rise in transactions, with over two million total recorded, a more than 71% jump from the previous week. Despite these gains, the broader NFT market continues to struggle to regain the highs of previous years. Data from CryptoSlam! shows that NFTs recorded $303 million in sales in September, down from $373 million in August. The market's strongest month for 2024 so far was March, with $1.6 billion in sales volume. An Aug. 20 report by NFT Evening analysts suggested that 96% of around 5,000 NFT collections examined are inactive in 2024, with over a third becoming inactive in 2023. The report indicated that these collections had no trading activity, sales, or social media engagement for more than a week, with the average lifespan of NFT collections found to be just over a year.

TelegramがNFTに変換できるギフト機能導入へ メッセージングアプリのテレグラム（Telegram）が、パブリックブロックチェーン「オープンネットワーク（The Open Network：TON）」基盤のNFTに変 […] source: https://www.neweconomy.jp/posts/422700

null source: https://x.com/DaanCrypto/status/1843182218706812954

Bitwise Asset Management announced on Friday plans to convert its three crypto futures ETFs from long-only strategies to a dynamic rotation strategy that balances exposure between cryptocurrencies and U.S. Treasuries based on market trends. The conversion is expected to occur on or around 3 December 2024. According to the press release issued by Bitwise on […] source: https://www.cryptoglobe.com/latest/2024/10/bitwise-to-convert-three-crypto-futures-etfs-to-new-rotation-strategies-in-december/

Notcoin’s (NOT) price has experienced a period of consolidation throughout most of September. While the Telegram coin briefly broke above the crucial resistance level of $0.0083, it quickly fell back into consolidation.  Despite this, there is optimism that a rally may be on the horizon if certain market conditions align. Notcoin Investors Await Gains According to the Global... source: https://beincrypto.com/notcoin-not-price-17-billion-profit/

EIGEN Layer, an Ethereum restaking protocol, has reassured its community in a recent post that neither the platform’s infrastructure nor any on-chain protocols have been compromised since an investor lost about $6 million of tokens.  The incident happened on October 4 when the attacker integrated him into an e-mail exchange between the investor and the … source: https://coinpedia.org/news/how-is-eigen-layer-strengthening-security-after-a-6m-investor-theft/

NFT sales volumes for the week ending Oct. 6 hit nearly $85 million, the biggest selling week for NFTs since the end of August. source: https://cointelegraph.com/news/nfts-weekly-sales-volumes-hit-highest-level-since-august?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

David Carmona, the founder of the Icomtech cryptocurrency Ponzi scheme, was sentenced to more than 10 years in prison for deceiving investors with false profits promises.

According to CoinDesk, the upcoming HBO documentary 'Money Electric: The Bitcoin Mystery' has generated significant interest and speculation within the cryptocurrency community regarding the identity of Bitcoin's creator, Satoshi Nakamoto. In anticipation of the documentary, various memecoins themed around cryptographer Len Sassaman and his cats, Sasha and ODIN, have emerged on the Solana, Ethereum, and Bitcoin networks. These tokens have been created by opportunistic traders and have seen substantial market activity. LEN tokens on Solana and Ethereum, issued in the past week, reached a market capitalization of a few million dollars before paring gains. Another LEN token, issued over four months ago on Solana, saw a price boost last week and currently sits at over $1.6 million. Additionally, memecoins themed around Sassaman's cat Sasha have also gained traction. SASHA tokens on Ethereum and Solana have reached market capitalizations of over $5 million in the past week. Crypto users have contacted Sassaman's wife, Meredith L. Patterson, on social media, inquiring about these memecoins and receiving a Solana address for token donations in return. Memecoins are often created as a form of internet culture or to celebrate a meme, leveraging the power of community to drive value for the token. The ease of issuing tokens on blockchains like BSC and the presence of decentralized exchanges allow for quick issuance, liquidity supply, and trading of these tokens. Some believe that memecoin bets on tokens themed after Sassaman or his cats could present an underpriced market opportunity. Crypto users on social media have speculated that if the HBO documentary reveals Sassaman as Satoshi Nakamoto, it could lead to significant attention and value for these tokens. The HBO documentary 'Money Electric: The Bitcoin Mystery' is scheduled to air on Oct. 8. As of Monday, Sassaman leads Polymarket odds at 35%, with Hal Finney and Adam Back also in the running.

Institutional interest in meme coins is rising, with TON launching Memelandia, a new platform aimed at fostering meme coin growth by leveraging Telegram's large user base.

Chinese investors are shifting focus from cryptocurrencies to the rapidly rising stock market, driven by recent government stimulus measures. Despite a ban on crypto trading, demand for digital assets persists, evidenced by significant inflows into over-the-counter markets.

According to the U.S. Attorney’s Office for the Southern District of New York, Carmona, 41, and his companies defrauded investors by falsely promising huge gains from cryptocurrency mining and trading.

The U.S. Department of Justice and the Securities and Exchange Commission told the Supreme Court that a class-action lawsuit accusing Nvidia of concealing revenue from cryptocurrency mining should be approved.

The crypto world is unpredictable. Sometimes even the greatest giants in the cryptoworld one day could fall as the greatest loser the next.

Tether is celebrating the 10th anniversary of its stablecoin, USDT, by releasing a documentary called Stability and Freedom in Chaos, highlighting its role in helping people facing inflation and economic challenges in countries like Turkey, Brazil, and Argentina. The film features personal stories and statistics showcasing how USDT has become vital for daily transactions and financial stability in these regions.

Two recent forfeiture actions by the US Attorney for DC have revealed North Korean crypto hackers' laundering methods, with the government seeking to seize about $2.7 million in stolen crypto. As such cases increase, one must ask: Is crypto crime a growing cybersecurity threat?

In the complex field of cryptocurrency, Meme coin is like a breath of fresh air. With its unique humorous genes and fanatical pursuit within the community, it has successfully attracted widespread attention from the market.

Ethereum and Bitcoin, two of the world’s largest blockchains, are facing significant challenges in scaling their networks.