The IMF is still unhappy with El Salvador’s use of bitcoin at a sovereign level, and it's pressing hard at the negotiation table. source: https://protos.com/bitcoin-makes-imf-hesitant-to-issue-new-loans-to-el-salvador/

Bitwise Asset Management plans to reshape its three crypto futures ETFs by adding Treasuries to the mix in an effort to curtail volatility. source: https://www.theblock.co/post/319576/bitwise-revamps-three-of-its-crypto-futures-etfs-to-rotate-in-treasuries-in-an-effort-to-curb-volatility?utm_source=rss&utm_medium=rss

Is “Uptober” canceled? Sentiment turns fearful as BTC hovers around $60K, but 3 altcoins stand out as the defiant ones. source: https://dailycoin.com/xrp-apt-link-to-take-charge-in-crypto-market-bounce-back/?utm_source=cryptopanic&utm_medium=rss

According to Cointelegraph, monolithic blockchains, which integrate different layers into a single architecture, showed strong performance in September, as highlighted in VanEck's latest Crypto Monthly Recap. The report noted significant price gains for Solana (SOL), Sui (SUI), and Aptos (APT), with increases of 14%, 118%, and 23%, respectively. Sui's impressive performance was driven by a 140% increase in daily active addresses during September, pushing its market capitalization above $5 billion. VanEck's researchers also pointed to Aptos' recent Raptr software upgrade as a key factor behind the network's 30% month-over-month growth in daily active addresses. Monolithic blockchains, often referred to as 'Ethereum killers,' are noted for their higher throughput compared to modular blockchains due to their more efficient structures. Earlier in 2024, Pantera Capital described Solana as the MacOS of blockchains, emphasizing its vertically integrated protocol. This approach is similar to Apple's strategy of developing both software and hardware in-house. The higher throughput and lower transaction costs of blockchains like Solana and Sui make them attractive for smaller payments, asset tokenization, and minting non-fungible tokens (NFTs). A recent report from Sygnum Bank highlighted Solana's potential as a payment network and its ability to challenge Ethereum's dominance. VanEck's previous report indicated that newer layer-1 competitors are reducing fees and transaction times, which is eroding Ethereum's market share. Researchers noted that market speculation remains the primary use case for public blockchains, and the lower transaction costs of higher throughput layer-1 blockchains are encouraging users to migrate from Ethereum. This migration has contributed to Ethereum's poor price performance throughout much of 2024. Ethereum's price dropped by 12% between Oct. 1 and Oct. 3, and the digital asset has been trading below its 200-day exponential moving average (EMA) since August 2024.

Recent report from virtual asset exchanges Upbit and Bithumb revealed wealth in South Korea's crypto market. source: https://cryptonews.com/news/over-3000-south-koreans-own-crypto-assets-valued-at-740k/

A recent Binance report highlights critical risks in the cryptocurrency market, pointing to inflated valuations and the concentration of token ownership as major concerns. source: https://cryptodnes.bg/en/binance-warns-of-overvaluation-and-centralization-threats-in-crypto-market/

Monolithic blockchain networks like Solana can theoretically process 65,000 transactions per second without using layer-2 scaling solutions. source: https://cointelegraph.com/news/monolithic-blockchains-outperformed-september-vaneck?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

With Bitcoin’s (BTC) price hovering above $60,000, the maiden cryptocurrency’s technical pattern hints at a new rally that will potentially … Continue source: https://finbold.com/bitcoin-pattern-in-full-motion-sets-btc-price-for-the-end-of-2024/

Investors have gotten quite a scare so far in October, with Bitcoin ETFs marking three straight days of losses to start the month. source: https://decrypt.co/284703/bitcoin-etfs-bleeding-out-october

Solana’s price hits a potential bearish zone, sparking investor interest in Meme Bets, a new airdrop casino. The project merges meme coin culture with online gambling, raising $350K in its presale. Learn about its innovative casino rewards and how MEMEBET token holders might benefit. source: https://cryptonews.com/news/solana-charts-turn-bearish-investors-are-flocking-to-this-new-airdrop-casino/

Su Zhu and Kyle Davies, co-founders of the failed hedge fund Three Arrows Capital, have launched a new memecoin called *Three Arrowz Capitel*, which has raised concerns due to 84% of its supply being controlled by insiders. The token has already lost over 70% of its value since its launch, sparking fears of price manipulation and drawing criticism for the duo's controversial past and ongoing legal issues.