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Nearly 70% of institutional investors holding Ethereum (ETH) are engaged in staking, with 52.6% of them holding liquid staking tokens (LSTs), according to a Blockworks Research report. Nearly half of institutional investors staking ETH prefer to use only one integrated platform, such as Coinbase and Binance. Meanwhile, 60.6% of the survey participants also utilize third-party…

3AC has been born again as the edgelord memecoin outfit Three Arrowz Capitel, and the South Korean Kimchi Premium has turned to a discount. Once glorified as a multi-billion dollar powerhouse in the crypto investment world, Singapore-based Three Arrows Capital (3AC) founders have taken a sharp turn into memecoin territory with their latest pivot.Su Zhu,…

Worldcoin, the Sam Altman-backed digital identity initiative, announced a major rebrand as World and unveiled ambitious plans to grow its user base to 1 billion people during a keynote address on Oct. 17. The keynote, led by co-founders Altman and Alex Blania, marked a significant shift in the project’s trajectory after it announced a series…

The major European securities settlement firm has found an Asian platform for its FundPlace offering. Securities clearing and settlement provider Euroclear has made a strategic investment in Singapore’s blockchain-based infrastructure provider Marketnode. This is Euroclear’s first investment in Asia and is intended to help strengthen its position in the region.Marketnode operates two platforms: the Gateway…

The blockchain identity verification company also announced new verification methods. Blockchain-based identity verification company Worldcoin has dropped the “coin” from its identity and is now called “World.” Company founder Sam Altman announced the rebranding during a keynote speech on Oct. 17.World, as it’s now known, also revealed a slew of other updates including a new…

Montenegro’s Justice Minister Bojan Božović confirmed that a decision had been reached regarding the extradition of Do Kwon, the co-founder of Terraform Labs. According to local media reports on Oct. 17, the extradition process will be signed by the end of this week. The decision comes after a lengthy legal process that has been mired in…

Bitcoin’s emerging layer-2 and DeFi ecosystems are sparking competition for BTC liquidity on other chains.   Solv Protocol has launched a Bitcoin (BTC) staking token on Solana in a bid to woo BTC holders as yield opportunities proliferate for the digital currency, Solv told Cointelegraph on Oct. 17. New BTC yield options in the Bitcoin network’s emerging…

The memecoin supercycle theory has spread quickly, convincing many of the potential for big profits. Investor and memecoin analyst Murad Mahmudov’s memecoin supercycle theory has gained traction among traders. The theory, in short, states that a confluence of factors will create an essentially unending supercycle for meme-centric cryptocurrencies.But unlike other crypto market narratives with complex technical…

Analysts say Bitcoin price pullbacks “will happen” and suggest that traders avoid impulsive trading. Bitcoin (BTC) price will need to drop around 12% from its current $67,250 level for skeptics to have their bearish outlook confirmed, according to a crypto analyst.“Bears can only get giddy if BTC breaks below $58.8k,” crypto analyst Matthew Hyland opined…

As part of its coverage of the 2024 US Elections, Cointelegraph asked several congressional candidates for their positions on cryptocurrency and blockchain. Kari Lake is running to represent the state of Arizona in the United States Senate. A far-right Republican who refused to concede her loss in the state’s 2022 gubernatorial election, Lake will face…