According to PANews, FalconX, a digital asset trading and brokerage firm, is actively seeking acquisition opportunities in anticipation of a wave of industry transactions. Raghu Yarlagadda, co-founder and CEO of FalconX, stated in an interview that as more institutional players enter the market and regulatory pressures increase, the cost of operating cryptocurrency businesses will rise, leading to a 'consolidation wave' in 2025. Yarlagadda added that the company is currently exploring potential acquisition opportunities and evaluating key players in the industry. A spokesperson for FalconX noted a significant increase in potential acquisition opportunities. They mentioned that FalconX is looking to acquire high-quality small companies focused on institutional infrastructure, data and analytics, tokenization, and expanding its trading team by 2025. FalconX reported a record high in second-quarter revenue, with a 2.5-fold increase compared to the same period last year. The spokesperson also highlighted a nearly threefold increase in derivatives trading revenue but declined to provide specific figures. Founded in 2018 and headquartered in San Mateo, California, FalconX was valued at $8 billion in a $150 million funding round in 2022. According to its website, the company is backed by investors such as Tiger Global, GIC, and B Capital, and serves over 600 institutional clients.

According to Cointelegraph, a wallet drainer for The Open Network (TON) has announced its closure, directing users to a different crypto-draining service. On October 7, Web3 anti-scam solution Scam Sniffer shared a screenshot of the announcement. The wallet drainer cited the lack of crypto whales in the TON community as the reason for its shutdown, stating, 'Due to TON not having whales and it being a small community, we will close.' The hackers encouraged users to target Bitcoin (BTC) instead, suggesting that those who enjoyed draining on TON would also find BTC draining appealing. They also advertised an alternative service, confirming that the TON-based drainer would not return. Interest in TON-based drainers has been growing since June. In a previous interview with Cointelegraph, Blockaid co-founder Raz Niv noted an increasing interest in the TON ecosystem among drainers due to the significant value streamed through it. One such drainer was detected using a fake 5,000 USDt (USDT) transaction to bait users. This scam exploited TON’s comment feature, which allows transfers to include custom messages, masking the true purpose of signatures. Transfer messages displayed prompts like 'Receive 5,000 USDT' and a 'Confirm' button, initiating the token drain when signed by the user. In May, Scam Sniffer reported that this trick had already drained 22,000 Toncoin (TON) tokens, valued at over $150,000 at the time. In related news, Scam Sniffer data revealed that phishing scams drained approximately $46.6 million in digital assets in September, affecting around 10,800 victims. The majority of these losses stemmed from a single phishing transaction that drained over $32 million in crypto. Phishing attacks typically deceive crypto holders into linking their wallets to fraudulent services like drainers, enabling malicious actors to withdraw funds without further authentication.

OKX market data shows that BTC fell below 63,000 USDT in the short term and is now trading at 62,998.5 USDT, with the 24-hour increase narrowed to 1.61%.

On Oct 07, 2024, 10:22 AM(UTC). According to Binance Market Data, BNB has dropped below 570 USDT and is now trading at 569.799988 USDT, with a narrowed narrowed 1.21% increase in 24 hours.

While it is no secret that the cryptocurrency market can provide some lucrative opportunities for a savvy investor, some traders … Continue source: https://finbold.com/crypto-trader-makes-4-4-million-in-a-month-trading-this-meme-coin/

Anduro, a multi-chain L2 network incubated by mining company Marathon Digital Holdings (MARA), has partnered with tokenization platform Vertalo to develop Avant, a project for issuing and investing real-world assets (RWA) on Bitcoin. They will tokenize whiskey barrels in a pilot project. Anduro hopes to avoid adopting the RWA gameplay that exists on the Ethereum and Solana blockchains and simply cut and paste it on the Bitcoin network. In addition, Marathon's incubation of Anduro may reflect a trend that mining companies are seeking new sources of transaction fee revenue to cope with the block reward halving every four years.

21.co has partnered with Crypto.com to improve liquidity for its Wrapped Bitcoin (21BTC), leveraging Crypto.com’s extensive liquidity infrastructure. This collaboration aims to broaden access to cryptocurrency for users globally, combining the strengths of both companies in the digital asset space.

The incident drew parallels with a previous crash of OKB, OKX’s token, earlier in the year when a sudden sell-off caused its price to plunge. source: https://cryptopotato.com/the-unexpected-crash-of-bitgets-bgb-price-ceo-speaks-up-promises-compensation/

It seems that the Chinese stock market has benefited greatly from the economic stimulus introduced recently by the government to revive the struggling economy. The two major stock indexes, the Shanghai Composite Index and the Hang Seng China Enterprises Index, have recently witnessed a surge. Earlier, it was predicted that the economic stimulus would also … source: https://coinpedia.org/news/cryptocurrency-investment-trends-how-chinas-economic-stimulus-shapes-the-future/

YouTube recently experienced a system malfunction that led to the unintended banning of numerous channels, causing significant disruption for creators.

According to IntoTheBlock data, Dogecoin (DOGE) whales purchased a total of 2.07 billion DOGE tokens (worth approximately $231 million) last week, the highest level since January this year. This may indicate that investors' interest in DOGE is rising, and this large-scale accumulation behavior is usually seen as a signal for price increases.

A TON-based wallet drainer claimed it is shutting down operations due to the lack of whales in the network. source: https://cointelegraph.com/news/ton-wallet-drainer-shuts-down-eyes-bitcoin?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Visa, a global leader in digital payments, has unveiled the Visa Tokenized Asset Platform (VTAP), marking a significant milestone in the evolution of digital payments and blockchain technology. VTAP is set to enable financial institutions to issue and manage fiat-backed tokens on blockchain networks, bridging the gap between traditional fiat currencies and the emerging blockchain ecosystem. This innovative platform will play a crucial role in helping banks bring their services into the digital era by allowing them to experiment and integrate blockchain technology seamlessly into their operations.

Apollo Global Management, a leading private equity and alternative asset manager, has set its sights on an ambitious target: doubling its assets under management to $1.5 trillion by 2029. This goal, announced by CEO Marc Rowan, reflects the firm’s strategic transformation from a leveraged buyout powerhouse into one of the largest debt underwriters in the world.

As NASA approaches a pivotal moment in its operations, the future of human activity in low-Earth orbit (LEO) hangs in the balance. The International Space Station (ISS), NASA's flagship orbital laboratory, is nearing the end of its operational life. The question looming large is whether the agency will be able to transition smoothly to a private space station, or face the possibility of a gap in human presence in orbit for the first time in decades. With NASA’s focus shifting toward deeper space exploration through its Artemis Program, which aims to return humans to the Moon and eventually reach Mars, LEO remains a critical frontier for scientific research and technological development.

In a groundbreaking experiment at CERN, particle physicists are on the brink of uncovering new physics beyond the Standard Model. The NA62 experiment, led by a team of researchers including Cristina Lazzeroni from the University of Birmingham, has successfully observed and measured a rare particle decay event that scientists have long sought to witness. The event? The decay of a charged kaon into a charged pion, a neutrino, and an antineutrino—a channel so rare that it has earned the status of a "golden" event in particle physics.

On a cool evening in San Francisco, Elon Musk once again demonstrated his flair for the dramatic. Hosting a recruiting party for his latest startup, xAI, in the former headquarters of OpenAI—a company he cofounded and later left—Musk made it clear that he’s not just in the AI race; he intends to win it. His mission? To challenge the dominant players in the artificial intelligence space—OpenAI, Google, and Anthropic—and build an AI system that is both powerful and openly accessible, unlike what he characterizes as their “closed, for-maximum-profit AI” approach.

"A long-dormant Bitcoin whale, active during the earliest days of the Bitcoin network, has recently resurfaced, moving millions in Bitcoin according to blockchain data firm Arkham Intelligence.

The Monetary Authority of Singapore (MAS) is seeking industry feedback on new regulations for digital token service providers (DTSPs) under the Financial Services and Markets Act (FSM Act). DTSPs must obtain a license, comply with anti-money laundering rules, and demonstrate a substantial presence in Singapore to ensure regulatory compliance and market integrity.

Arkham Intelligence recently revealed the combined Bitcoin holdings of Musk’s companies Tesla and SpaceX.