The world of blockchain and cryptocurrency is constantly evolving, with new developments and updates emerging on a daily basis. In this video, the host covers the latest macro news and updates in the Cardano ecosystem, including Bitcoin’s recent price surge, mainstream adoption of a new blockchain-based game, and exciting projects like Dex Hunter, World Mobile, Meld, Cerberus, Indigo, and Liquid.
Bitcoin breaks $67,000 as institutional investors pour in $556 million in a single day
Bitcoin has broken out of a key resistance level at $65,000 and is now making new all-time highs, currently trading around $67,000. Institutional investors are showing strong interest, with $556 million in inflows into US spot Bitcoin ETFs in just one day, the biggest daily inflow since June.
Technical analysis suggests Bitcoin has established a change of trend and is poised for further gains. As the host notes, “it does seem like the altcoins are beginning to prep for what appears to be the final leg, the most parabolic leg of the bull run.”
Off the Grid game on Avalanche sees over 1 million wallets and 53 million transactions in first 5 days
Mainstream adoption is coming to blockchain gaming with the release of Off the Grid, a free-to-play battle royale game built on the Avalanche network. In its first 5 days, the game onboarded over 1 million wallets and generated 53 million transactions. “Off the Grid may finally be the catalyst that we need for much bigger gaming adoption, for a much bigger gaming altcoin run,” states Miles from Crypto Banter. The game seamlessly integrates blockchain without players even realizing it, demonstrating the power of the technology.
Cardano’s Project Catalyst allows community to earn rewards for shaping the future
Project Catalyst, Cardano’s on-chain governance system, wrapped up its latest round of proposal submissions. Community members can still participate and earn ADA rewards by becoming a reviewer before October 20th. “If you have any questions about Project Catalyst, they do have a fully dedicated funding round number 13 launch guide that breaks down what Project Catalyst is, the different categories, funding, and the different roles,” the host explains.
Dex Hunter V2 on the way as platform sees strong demand for DeFi projects
Dex Hunter, a fast-growing DEX aggregator on Cardano, is gearing up to release V2 of its platform. The project has seen high demand, particularly for DeFi-related tokens. “Aside from SNACK, everything else there is a DeFi project. This, I think, is really just a little bit of a taste or teaser of what’s to come. I think this will be by far one of the biggest narratives,” the host predicts. New features like one-click trading and integration of the WingRiders V2 DEX aim to enhance the user experience.
World Mobile’s air node batches continue to sell out as the sharing economy grows
World Mobile, a project bringing connectivity to underserved areas, has seen its latest air node batch sell out rapidly, continuing the trend of high demand. The sharing economy is thriving, with over 2,300 air nodes live, 202 terabytes of data consumed daily, and consistently over 100,000 unique users. The host plans to acquire more air nodes “as a stable way to generate income while still supporting my favorite projects” as the bull market reaches its peak.
Meld welcomes Rockstar Games co-founder and integrates with AI-powered Armor Wallet
Meld, a lending and borrowing protocol on Cardano, has seen significant developments since its launch. The project integrated with Armor Wallet, an AI-powered crypto wallet designed to be a multi-chain trading assistant. Meld CEO Ken Olling has also been added as an advisor to Armor, bringing his extensive UI/UX experience. Additionally, Meld continues to deploy more tokens on its blockchain, including AGEN and GENS from Ethereum.
Cerberus NFTs gain new utility as project expands to Ethereum and prepares to launch own blockchain
Cerberus, a risk rating protocol on Cardano, has announced that its NFTs will have the ability to operate a node on the upcoming Cerberus L1 blockchain. With only 768 of these NFTs available, their floor price has skyrocketed from around 1,000 ADA to 4,000 ADA following the announcement. Cerberus is also expanding to Ethereum and plans to introduce new oracle methods and index vaults.
Indigo’s Iris API brings transparency to Cardano DEXes
Indigo has released Iris, an open-source API that aggregates analytics from Cardano DEXes. Funded through Project Catalyst, Iris provides data on swaps, deposits, withdrawals, liquidity pools, order books, and more. Developers can access this public data by meeting the minimum requirements outlined in the documentation.
Liquid offers high-yield opportunities for USDC and USDM holders
Liquid, a lending platform on Cardano, is offering attractive yield opportunities for stablecoin holders. Users can earn 20% APY by providing USDC or over 40% APY by providing USDM to the Liquid V2 market. The rates are dynamic based on supply and demand, with over 1 million USDM currently borrowed and around $90,000 worth of liquidity available.