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Robinhood, Galaxy Digital, Kraken, and Paxos Launch New Stablecoin

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A consortium of traditional finance and crypto companies, including Robinhood, Galaxy Digital, Kraken, and Paxos, has come together to support a new stablecoin pegged to the U.S. dollar.

In a Nov. 5 statement, blockchain infrastructure company Paxos announced that this “open network” is designed to drive global adoption of stablecoins.

“The lack of competition in the regulated stablecoin market has prevented the industry from reaching its full potential. USDG upends this dynamic with a more equitable model that will bring mainstream participants into the ecosystem and accelerate new stablecoin use cases,” stated Kraken co-CEO Arjun Sethi.

The network’s aim is to support Paxos’ USDG stablecoin, which the firm launched on Nov. 1 and is currently available on the Ethereum blockchain. Paxos indicated that USDG will eventually be available on other blockchains as regulatory landscapes evolve.

Paxos will issue USDG out of Singapore, which the company says meets compliance standards with the Monetary Authority of Singapore’s upcoming stablecoin framework. Qualified entities such as custodians, exchanges, and fintech firms can join the Global Dollar Network by invitation.

The USDG stablecoin will be fully backed by U.S. dollar reserves held by DBS Bank, Singapore’s largest bank. USDG is pegged 1:1 to the U.S. dollar, backed by dollar deposits, short-term U.S. government securities, and cash equivalents to ensure it can be redeemed for fiat currency.

Paxos head of product, Ronak Daya, highlighted that the partnership with DBS will support “enterprise-level stablecoin adoption.”

USDG and the Global Dollar Network enter a stablecoin market currently dominated by two major issuers: Tether (USDT), with 56% market share, and Circle’s USD Coin (USDC), which holds 27%, according to DefiLlama.

Best Tap-to-Earn Games to Play For Fun and Rewards 

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Tap-to-earn games are the new sensation in the blockchain gaming ecosystem. According to the latest data, this nascent crypto sector enjoys a market capitalization of $1.4 billion which is quite impressive given that most of the projects have only launched within the past year. 

So, what’s the hype all about? The simplicity of tap-to-earn games coupled with the fact that players can easily generate a passive income is perhaps the most appealing factor and a big driver of this trend. 

This genre of blockchain-based games rewards players with crypto tokens for simply engaging in activities such as tapping on their screen or completing missions that could range from inviting friends to more engaging gameplays. 

It is also worth highlighting that the rise of Telegram’s blockchain gaming ecosystem has played a major role in the adoption of  tap-to-earn games. Most of the innovations built in this niche have been deployed on the Telegram Open Network (TON) or as compatible mini apps such that players can seamlessly launch a game within their Telegram interface. 

Imagine just tapping on Telegram to earn tokens whose value could skyrocket; that’s the allure of tap-to-earn games. Now, let’s dive into some of the promising projects in this space. 

  1. Hamster Kombat 

Launched in March 2024, this tap-to-earn game combines a mixture of fun and strategy. The gameplay involves tapping on a digital hamster to earn in-game rewards in the form of digital tokens. Simple, right? That’s just the fun or rather ‘mindless’ part of it, Hamster Kombat’s fundamental gaming model involves a virtual aspect where gamers step into the shoes of a crypto exchange CEO. The goal is to turn the virtual exchange into a tier-1 platform. 

By continuously clicking on the Hamster, players earn in-game rewards that can be used to purchase unique mine cards. With these in-game assets, the players can increase their passive earnings by performing strategic functions such as issuing their own token, creating a copy trading system, project crowdfunding, and launching a stablecoin. 

In addition, Hamster Kombat’s tap-to-earn ecosystem includes diamond reward points for simple social activities, including following the project’s social channels and inviting more friends. This tap-to-earn game has already attracted over 300 million players with an average of 51 million monthly users since its debut.

  1. Lucky Funatic 

This another interesting tap-to-earn game, players earn an in-game currency dubbed FUNZ for simply tapping on their screens. The gameplay is simple; new players are awarded with 500 units worth of energy, each tap uses a single unit and in turn generates 3 FUNZ. More importantly, the 500 energy units are replenished after every 5 minutes which means that players can endlessly be tapping to earn the in-game rewards. 

Other notable in-game features include temporary and permanent boosters that players can leverage to perform unique functions such as instantly refilling one’s energy bar, multi-taps and double energy regeneration rates. However, the ultimate gold bar for increasing one’s rewards is not just accumulating more FUNZ, but aiming to collect as many Jokers as possible. These are the gateway to the big giveaways held by Lucky Funatic. 

Although a relatively new tap-to-earn game, this project has already attracted over 40k monthly users. It is also worth mentioning that it is part of the larger Funtico Telegram entertainment hub. For context, Functico is a leading web 3.0 gaming platform that supports other popular reward-oriented games such as Formula Functico and Heroes of the Citadel (currently in demo). 

  1. Notcoin 

Built on the Telegram Open Network (TON) ecosystem, Notcoin is one of the pioneer tap-to-earn games. According to real-time data from Coinmarketcap, the game’s native token currently leads the tap-to-earn space with a market cap of over 700 million while the 24-hour trading volume stands at a cool $75 million. 

So, how is this particular game played? The gameplay is pretty much similar to the aforementioned projects, only that in the case of Notcoin, players earn the native $NOT rewards by tapping on a virtual coin. While it may seem like a boring endeavor, the gameplay is very addictive, compounded by other activities like joining leaderboards, completing quests and leveraging available boosts to enhance one’s earnings. 

Some of Notcoin’s notable milestones include hitting over 4.1 million players within the first week of launching. The project has also partnered with another mini app Telegram game, Lost Dogs, to introduce a dog-driven theme or gameplay narrative where players can earn both $NOT and $WOOF for engaging in more interactive quests. 

Looking Into the Future 

Tap-to-earn games are just getting started; unlike their play-to-earn counterparts, this novel area of blockchain gaming innovation does not require one to have technical knowledge to be able to participate. The process is as simple as launching the mini apps through one’s telegram account, after which they can click-to-earn as many times as possible depending on the specific limit set for each game. 

This simplicity alone is enough motivation for more people to engage in a tap-to-earn game, either as an activity to pass time, chase some passive income or both. The future of crypto is slowly moving away from hardcore principles such as the utility of the tech to a more community or reward centered ecosystem. This is why unconventional niches such as the tap-to-earn ecosystem and memecoins have been performing well recently.

Polkadot and SP Negócios Collaborate to Enhance Crypto Economy Development

Campinas, Brazil, November 5th, 2024, Chainwire

SP Negócios, São Paulo’s investment and export promotion agency, has partnered with Polkadot to foster innovation among companies in São Paulo.

Driven by the growing market demand, Polkadot is increasingly positioning itself as an ally for businesses looking to grow in an innovative, secure, and transparent way. It has been sponsoring educational initiatives through Código Brazuca. Thanks to this, companies and citizens in São Paulo will have access to blockchain programming training through Código Brazuca’s content starting in December. This will be possible through the partnership established with Polkadot / Sunset Labs and São Paulo’s investment and export promotion agency, SP Negócios.

“The partnership between Polkadot and SP Negócios will contribute to the training of Blockchain Programmers and is open to bringing technology to companies in São Paulo, whether they are startups, small and medium-sized enterprises, or large corporations seeking to invest in or adopt the technology,” says Gustavo J. Massena, Decentralized Business Developer at Polkadot.

The program is free and will be available online, open to companies in São Paulo. Registrations will soon be available through SP Negócios, and no prior qualifications are required.

The partnership with Polkadot is part of SP Negócios’s strategy to boost the business environment within the crypto economy sector, reinforcing São Paulo as a hub of technology and innovation. Blockchain plays a transformative role in various areas, including decentralized finance, asset tokenization, NFTs, and more. By promoting the training of qualified professionals, SP Negócios seeks to attract investments, foster new startups, and solidify the city as a reference in adopting and developing blockchain-based solutions.

About SP Negócios

SP Negócios is an autonomous social service aimed at boosting investments and business in São Paulo. It is linked to the Municipal Secretariat of Economic Development and Employment. The goal is to help São Paulo-based companies conduct more business through exports, innovation and technology, public sector engagement, and improvement of the business environment.

About Polkadot

Polkadot is an open-source, multichain sharing protocol that facilitates the transfer of any type of data or asset, not just tokens, between networks, making a wide range of blockchains interoperable.

Contact

Polkadot
São Paulo
www.viracomunicacao.com.br
claudia.carnevalli@viracomunicacao.com.br

Jambo and Lif3 Partner to Make Crypto Payments Accessible to Millions of Users in Emerging Markets

Abu Dhabi, United Arab Emirates, November 5th, 2024, Chainwire

  • This collaboration introduces a blockchain-based payments solution for innovative $99 Jambo smartphones, targeting crypto payments for millions.

Jambo, a leading builder of web3 mobile infrastructure, today announced its partnership with Lif3, the revolutionary omni-chain DeFi Layer-1 ecosystem, to offer millions of Jambo phone users in over 120 countries, with easier access to peer-to-peer crypto payments through the Lif3 mobile app. 

Founded by serial entrepreneur and web3 investor Harry Yeh, Lif3’s strategic collaboration merges its innovative DeFi ecosystem with Jambo’s expertise in mobile technology tailored for emerging economies, facilitating developing countries’ access to the world’s financial market.

Emerging markets face unique challenges that require innovative solutions for real problems. In regions like Africa, where 57% of the ~1.5bn population remains unbanked and 50% without access to a smartphone, the collaboration between Jambo and Lif3 is designed to address these issues by providing secure, user-friendly access to real-time crypto payments. This initiative will empower millions by facilitating enhanced connectivity, improved security, and streamlined access to digital financial services. Additionally, the Lif3 mobile app will be pre-installed on the JamboPhone, complemented by quests and educational programs to help users familiarize themselves with the new technology while earning rewards.

Speaking about the partnership, Harry Yeh, Managing Director of Quantum FinTech Group, said, “Lif3 is committed to unlocking financial opportunities for everyone, everywhere. By partnering with Jambo, we’re simplifying access to decentralized financial solutions, including crypto payments and AI-integrated solutions. This is a pivotal step toward bridging economic gaps and transforming lives in emerging markets.” 

Adding to this, James Zhang, co-founder of Jambo said, “In many regions across emerging markets, an entire family shares one smartphone and a family member can only use it for a few hours a day. Owning a JamboPhone opens up new possibilities–like discovering a new life. By embedding Lif3 directly within the Jambo ecosystem, we’re making it easier than ever for users in emerging markets to safely and efficiently engage with the digital economy. The integration of Lif3 into the JamboPhone is a game-changer for crypto payments, opening new pathways to economic participation that were previously unimaginable.”

The partnership will feature pre-installed Lif3 apps on all JamboPhones globally, allowing users to get their crypto wallet instantaneously and engage in a host of DeFi features integrated within the Lif3 ecosystem. The initiative also plans to include educational programs to assist new users in navigating the web3 space safely and becoming savvy digital citizens.

The Jambo and Lif3 collaboration not only enhances access to digital technologies but also paves the way for financial inclusion in regions where traditional banking has been out of reach. This initiative directly targets the gap in financial services, aiming to bring the unbanked into the economic fold and ignite economic growth from the ground up.

About Jambo

Jambo – The Most Globally Distributed DePIN Smartphone. Jambo’s vision is to bring emerging markets on-chain through building the largest web3 mobile infrastructure network. Jambo is backed by investors globally, including Paradigm, Tiger Global, Pantera, Delphi and more. 

Jambo is onboarding the next billion users to web3 with the JamboPhone 2, a premiere web3 Android smartphone starting at only $99 preloaded with the world of web3 at their fingertips. The Jambo Ecosystem is preinstalled on the phone and features web3 mobile games, wallets, payment infrastructure, and more.

Users can learn more about the latest from Jambo on Twitter/X and purchase their JamboPhone at jambophone.xyz, and join the Jambo Community and lead web3 adoption with them on Telegram.

To learn more about Jambo, users can visit jambophone.xyz

Social Media

X | Facebook | Instagram | TikTok | Telegram

About Lif3

Lif3.com is revolutionizing the blockchain industry with its omni-chain DeFi ecosystem and curated Layer-1 blockchain. The self-custody Lif3 Wallet, available on the App Store and Google Play, empowers users by unlocking the full potential of Web3, transforming consumer DeFi, Gaming, iGaming, music, entertainment, and more. $LIF3 is currently listed on Bitfinex, Bitmart, and MEXC.

To learn more about lIF3, users can visit lif3.com. 

For more information, users can contact: media@lif3.com

Social Media

X | Telegram | Discord | News and Updates

About Quantum Fintech Group

Quantum Fintech Group is a private investment group founded in 2020, and is focused on providing superior returns in the alternative asset space focusing specifically on blockchain investments.

Social Media: X

Contact

Chantel Elloway
media@lif3.com

Robinhood, Galaxy Digital, Kraken, and Paxos Launch New USD Stablecoin

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A consortium of traditional finance and crypto companies, including Robinhood, Galaxy Digital, Kraken, and Paxos, has come together to support a new stablecoin pegged to the U.S. dollar.

In a Nov. 5 statement, blockchain infrastructure company Paxos announced that this “open network” is designed to drive global adoption of stablecoins.

“The lack of competition in the regulated stablecoin market has prevented the industry from reaching its full potential. USDG upends this dynamic with a more equitable model that will bring mainstream participants into the ecosystem and accelerate new stablecoin use cases,” stated Kraken co-CEO Arjun Sethi.

The network’s aim is to support Paxos’ USDG stablecoin, which the firm launched on Nov. 1 and is currently available on the Ethereum blockchain. Paxos indicated that USDG will eventually be available on other blockchains as regulatory landscapes evolve.

Paxos will issue USDG out of Singapore, which the company says meets compliance standards with the Monetary Authority of Singapore’s upcoming stablecoin framework. Qualified entities such as custodians, exchanges, and fintech firms can join the Global Dollar Network by invitation.

The USDG stablecoin will be fully backed by U.S. dollar reserves held by DBS Bank, Singapore’s largest bank. USDG is pegged 1:1 to the U.S. dollar, backed by dollar deposits, short-term U.S. government securities, and cash equivalents to ensure it can be redeemed for fiat currency.

Paxos head of product, Ronak Daya, highlighted that the partnership with DBS will support “enterprise-level stablecoin adoption.”

USDG and the Global Dollar Network enter a stablecoin market currently dominated by two major issuers: Tether (USDT), with 56% market share, and Circle’s USD Coin (USDC), which holds 27%, according to DefiLlama.

Bitcoin ETFs Record Massive Outflows Ahead of US Presidential Election

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Bitcoin exchange-traded funds (ETFs) in the U.S. saw their second-largest day of outflows on Nov. 4, just before the country’s highly anticipated election.

According to CoinGlass, the 11 spot Bitcoin ETFs recorded a net outflow of $541.1 million. BlackRock’s iShares Bitcoin Trust ETF (IBIT) was the only one to secure inflows, totaling $38.4 million.

This marks the largest outflow day for Bitcoin ETFs since May 1, when $563.7 million was withdrawn after Bitcoin dropped 10.7% to $60,000.

Ahead of the Nov. 5 U.S. election, Bitcoin traders are trimming their positions, causing Bitcoin to fall 4.6% over the past week and 1.7% in the last 24 hours, settling around $68,000. The Fidelity Wise Origin Bitcoin Fund (FBTC) experienced the largest outflow at $169.6 million, followed by ARK’s 21Shares Bitcoin ETF (ARKB) with $138.3 million.

Nov. 4 also marked the second consecutive trading day of outflows after seven days of consistent inflows, as reported by CoinGlass.

Grayscale’s two Bitcoin funds collectively faced $153.2 million in outflows. The Grayscale Bitcoin Trust (GBTC) lost $63.7 million, while its smaller counterpart recorded $89.5 million in outflows, representing the fifth and third largest outflows for the day, respectively.

In the prior week ending Nov. 1, U.S. Bitcoin funds had a net inflow of $2.2 billion, though it ended with a $55 million outflow.

CoinShares head of research, James Butterfill, noted that inflows were driven by optimism for a potential Republican victory. “As polls have turned, we saw minor outflows on Friday, highlighting how sensitive Bitcoin is to the U.S. elections at present,” he explained.

The election polls show Kamala Harris and Donald Trump nearly tied, with Harris holding a slight 1.2-point lead as of Nov. 4, according to FiveThirtyEight. Meanwhile, on crypto betting platform Polymarket, Trump’s odds dipped from 67% on Oct. 30 to 59% on Nov. 3.

The Republican candidate remains favored by the crypto industry, with some traders speculating that a Trump victory could propel Bitcoin to $100,000.

NFTs Reverse 7-Month Trend As Solana Rallies

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In October, non-fungible tokens (NFTs) reversed a seven-month decline, seeing an 18% increase in trading volume.

Since March, when NFT monthly volumes reached $1.6 billion—their highest in 2024—the market had been trending downward, hitting its lowest monthly volume since 2021 in September.

According to CryptoSlam, NFT volume in September 2024 was around $300 million, marking a 20% decrease from August. However, NFT sales volume showed some recovery in October, reaching $356 million, an 18% increase month-over-month.

NFT transactions also surged, with October recording 7.2 million transactions, a 42% rise from September’s 5 million. In addition, NFT weekly volumes hit a high for the month. Between September 30 and October 6, NFT sales exceeded $84 million—the strongest weekly sales since August.

Among NFT collections, DMarket on the Mythos Chain led with $33 million in sales over the last 30 days. Guild of Guardians Heroes on Immutable followed with $13 million. Bitcoin and Ethereum-based collections, including Bitcoin Puppets, Bored Ape Yacht Club, and CryptoPunks, also recorded strong volumes in October.

Solana-based NFTs continued to perform well. Collections such as DogeZuki, Froganas, and Retardio Cousins amassed nearly $25 million in sales during October. Solana-based NFTs registered a 30-day volume of $67 million, accounting for 19% of the total NFT volume that month. This brings Solana’s all-time NFT volume close to $6 billion, solidifying its position as the second-ranked blockchain by overall NFT sales.

Gavin Wood signals next steps for Polkadot’s revolutionary JAM protocol at sub0 reset

London, UK, November 4th, 2024, Chainwire

WebZero has announced the full agenda for its conference sub0 reset, inviting developers, investors and innovators to join Polkadot founder Dr Gavin Wood, along with industry leaders from Parity and the Web3 Foundation, to work on building JAM, a new paradigm paving the way forward for writing and securing Web3 applications.

The three day event from 9-11 November in Bangkok is dedicated to the most exciting innovation of the Polkadot ecosystem: advancing Gavin Wood’s visionary JAM chain project into the implementation stage and showcasing the most innovative projects built on Substrate.

JAM takes Polkadot’s current architecture to a new level of flexibility, in which Polkadot’s cores can be used for any verification task, whether for smart contracts or sovereign blockchains, maximizing the potential of the cores. It seeks to offer a real solution to the scalability vs coherency dilemma in Web3.

sub0 reset kicks off with a dedicated education day. Attendees can learn from industry greats such as Polkadot founder Robert Habermeier and Avail’s Anurag Arjun, and join barcamp deep-dives focused on Substrate. Day two is Modularity Day, with discussions from leading innovators at Avail, R0gue, Midnight and Parity Technologies. Day three is JAM & Scalability day, building out Polkadot’s founder Gavin Wood’s vision to transform the ecosystem into the world’s first global computer. The venue’s 24/7 hackerspace will give new teams the chance to co-work and compete for 10k USD in prizes.

Fabian Gompf, CEO of the Web3 Foundation said: “sub0 reset is the best opportunity for global developer talent to come together and catch up on the cutting-edge innovation happening in the Substrate and Polkadot ecosystems. Ranging from network updates and milestones to parachains, solochains and a whole day covering Join Accumulate Machine, sub0 reset is an important step for driving forward progress on Polkadot.”

Agenda highlights

 Saturday 9th

  • Interoperability deep-dive from Anurag Arjun 12:00pm, main stage
  • Keynote from Robert Habermeier, 12:30pm, main stage

 Sunday 10th

  • Workshop: Building on Polkadot – Shawn Tabrizi, Parity 14:00-15:00
  • Building bespoke Web3 gaming experiences, John Linden, Mythical Games 16:30-17:10

 JAM Day – Monday 11th

  • Demystifying Jam – Kian Paimani, Parity 11:00am
  • Keynote speech on JAM from Dr. Gavin Wood – 17:00-18:00pm
  • JAM Toaster: developers can test and optimise JAM implementations on a full-scale simulation of the network with 1,023 nodes at full capacity and 16,384 AMD CPUs. – All day

The Venue

  • Spectacular five-floor industrial venue
  • 24/7 hackerspace with bounties and $10k prize
  • Rooftop oasis
  • Free catering and drinks from a private chef

Practical details:

Sub0 reset is taking place at 127 Na Ranong Rd, Khlong Toei, Bangkok from 9-11 November, 2024.

A limited supply of free tickets for sub0 reset are available here. 

The event runs from 10 AM until late each day. Make sure to subscribe to the WebZero Luma for full scheduling opportunities. The hackerspace runs 24 hours a day, ensuring developers can build at all hours of the night with food and beverages provided free of charge. Media lounge and recording rooms are provided.

The event will be streamed on the Polkadot Youtube channel.

For any further media enquiries, please contact media@joinwebzero.com

About WEBZERO

WebZero is a developer experience builder that is establishing a hybrid between event production and developer relations, based on its own unique vision and methodology.

About Polkadot

Polkadot is the powerful, secure core of Web3, providing a shared foundation that unites some of the world’s most transformative apps and blockchains. Polkadot offers advanced modular architecture that allows devs to easily design and build their own specialized blockchain projects, pooled security that ensures the same high standard for secure block production across all connected chains and apps connected to it, and robust governance that ensures a transparent system where everyone has say in shaping the blockchain ecosystem for growth and sustainability. With Polkadot, users are not just participants, they’re co-creators with the power to shape its future.

Contact

Manager of comms / PR
Jonathan Duran
Distractive
media@joinwebzero.com

Deribit and SignalPlus Launch $200,000 Winter Trading Competition

Panama City, Panama, November 4th, 2024, Chainwire

Deribit, the world’s premier Bitcoin and Ethereum options exchange, in partnership with SignalPlus, a leading options trading dashboard and analytics hub, is excited to unveil the second edition of the Winter Trading Competition 2024.

This year’s competition offers participants a $200,000 USDC prize pool, along with various prizes such as iPhones, PlayStation 5s, and other rewards. Additionally, participants will benefit from valuable learning opportunities and insightful trading sessions designed to enhance their skills and strategies, making this the biggest and most rewarding crypto trading contest of the year.

The Winter Trading Competition 2024 is open to all retail participants who utilize their Deribit accounts to trade cryptocurrency options, futures and spot on the SignalPlus platform. Registrations are open and will remain open until December 9th 2024. The competition begins today November 4th to December 9th, 2024, spanning 35 days of intense trading action.

US Election Registration Bonus As an added incentive, traders who register by November 5 will receive a US Election Option, available as part of a limited-time bonus. Registrations remain open until December 9, 2024.

Luuk Strijers, Chief Executive Officer at Deribit, “We’re thrilled to launch the second edition of our trading competition in collaboration with SignalPlus. Following the remarkable success of last year’s iteration, we are excited to raise the bar even higher this time. The growth and enthusiasm we witnessed have inspired us to expand the competition, offering even more opportunities for participants to showcase and expand their skills.”

Competition Highlights:

  • Prizes and Rewards: Compete in both individual and team categories, with special bonuses for team leaders and daily prize draws.
  • Referral Program: Up to 10,000 USDC in rewards is available through a referral program for inviting others to register and trade on Deribit.com.
  • Sign-Up Incentives : Bonuses are available for all registrations, first trades, and inviting friends, with participants eligible for prizes that range from cash rewards to tech products.
  • Luxury and Variety: Participants have the chance to win various rewards, including iPhone 16s, iPads, Apple Watches, cash prizes in USDC, and travel to Thailand.
  • Prestigious Recognition: Top individual winners will earn honorary certificates, while winning teams will take home trophies.
  • Learning opportunities: Participants will also gain access to six master-level options AMAs (Ask Me Anything sessions) and Deribit’s product training hosted by industry experts, available absolutely free. These sessions are designed to elevate trading skills.

Chris Yu, Co-Founder of SignalPlus, added: “We’re excited to collaborate with Deribit on this landmark trading competition. At SignalPlus, our mission is to enhance the trading experience through innovation, and this event reflects that commitment. By combining our advanced technology with Deribit’s robust platform, we’re offering participants an unparalleled opportunity to engage with crypto options in fresh, dynamic ways, pushing the boundaries of strategy and skill.”

Competition Rules and Rewards:

  • Individual Race: Individual participants will compete through semi-final and final stages, with prizes awarded to the top 35 traders. The highest-ranking trader will earn up to 5,000 USDC.
  • Team Contest: The top five teams will win prizes ranging from 1,000 to 5,000 USDC. Additionally, each day for 35 days, one team member will win a luxurious trip to Thailand.
  • Daily Draws: For 35 consecutive days, 111 lucky participants will win cash rewards daily.
  • Daily Lucky Ranks: Every day, 9 special traders will receive prizes ranging from 10 to 300 USDC.
  • Extra Incentives: Over 10,000 bonus prizes are available for registering, inviting friends, and making your first trade – the rewards keep flowing!

Key Details:

Seize the opportunity to compete with top traders globally and start your journey toward exciting prizes today!

About Deribit

Deribit is a centralized, institutional-grade crypto derivatives exchange for options and futures trading. With state-of-the-art infrastructure, Deribit offers instantaneous price discovery, low-latency trading, advanced risk mitigation services, and deep liquidity through a network of top-tier market makers. Led by a team with decades of experience in options trading across all markets, Deribit facilitates a significant majority of all crypto options trading and adheres to robust proof of assets and liabilities procedures to ensure the highest standards.

For more information: Official Website | Twitter | Linkedin | Telegram |

About SignalPlus

SignalPlus provides a world-class options trading dashboard that covers risk tracking, profit/loss attribution, strike and theta analysis. Users can execute multi-legged orders with embedded algorithms to minimize slippage and conduct in-depth profit/loss and exposure assessments using simulation tools and scenario analysis. SignalPlus also automates delta hedging across varying market conditions and offers real-time trade notifications through Telegram, empowering traders with the insights and tools needed for successful trading.

Contact

Head Of Retail
Sidrah Fariq
Deribit
sidrah@deribit.com

NFTs Reverse 7-Month Trend Amid Solana Rally

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In October, non-fungible tokens (NFTs) reversed a seven-month decline, seeing an 18% increase in trading volume.

Since March, when NFT monthly volumes reached $1.6 billion—their highest in 2024—the market had been trending downward, hitting its lowest monthly volume since 2021 in September.

According to CryptoSlam, NFT volume in September 2024 was around $300 million, marking a 20% decrease from August. However, NFT sales volume showed some recovery in October, reaching $356 million, an 18% increase month-over-month.

NFT transactions also surged, with October recording 7.2 million transactions, a 42% rise from September’s 5 million. In addition, NFT weekly volumes hit a high for the month. Between September 30 and October 6, NFT sales exceeded $84 million—the strongest weekly sales since August.

Among NFT collections, DMarket on the Mythos Chain led with $33 million in sales over the last 30 days. Guild of Guardians Heroes on Immutable followed with $13 million. Bitcoin and Ethereum-based collections, including Bitcoin Puppets, Bored Ape Yacht Club, and CryptoPunks, also recorded strong volumes in October.

Solana-based NFTs continued to perform well. Collections such as DogeZuki, Froganas, and Retardio Cousins amassed nearly $25 million in sales during October. Solana-based NFTs registered a 30-day volume of $67 million, accounting for 19% of the total NFT volume that month. This brings Solana’s all-time NFT volume close to $6 billion, solidifying its position as the second-ranked blockchain by overall NFT sales.

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