- PlusToken’s asset movement includes 7,000 ETH recently transferred, raising market concerns about potential sell-offs.
- VanEck Ventures launches a $30 million fund to invest in fintech and cryptocurrency startups, reinforcing traditional finance’s role in crypto.
- Stripe’s reintroduction of cryptocurrency payments with USDC highlights the growing acceptance of digital currencies in mainstream transactions.
The crypto market has seen activity in the last 12 hours, with several major announcements and developments across various projects. This flurry of news reported by Layergg via the X Space stresses the ongoing evolution and dynamics within the crypto space.
PlusToken Scams Affect Market Dynamics
Recent reports indicate that approximately 542,000 ETH linked to the PlusToken scam are being moved to exchanges. Over the last 24 hours, around 7,000 ETH, valued at roughly $1.3 billion, have been transferred, signalling a potential intent to liquidate these assets.
VanEck Ventures into Crypto and AI as Stripe Resumes Crypto Payments
VanEck has taken a significant step by launching VanEck Ventures, a new $30 million early-stage fund aimed at investing in fintech, cryptocurrency, and artificial intelligence startups.
Stripe has announced the reintroduction of support for cryptocurrency transactions. The company launched “Pay with Crypto,” which allows users to make payments using the stablecoin USDC.
New Collaborations and Integrations
In a notable partnership, Trump’s World Liberty Financial has proposed to use Aave V3 on the Ethereum mainnet.
This initiative includes utilizing Aave’s reserve factor system, which would allocate 20% of protocol interest to the Aave Ecosystem Reserve, enhancing its sustainability.
Additionally, Google has integrated Ethereum Name Service (ENS) domains into its search capabilities, enabling users to search for ENS domains directly and view wallet balances.
Market Listings and Announcements
In other news, Binance has announced the listing of BNSOL, a token associated with the Solana network, scheduled for October 10 at 08:00 UTC. Meanwhile, Animoca Brands revealed plans to acquire more PROS from the open market, further solidifying its position in the gaming and blockchain sector.
The SUI project is gearing up for the token generation event (TGE) of DEEP on October 14, which promises to launch the liquidity layer project managed by MystenLabs.
Moreover, Uniswap Labs has teased new features in anticipation of the Uniswap V4 release, keeping users engaged and curious about upcoming developments.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
