Web Mufasa
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Skilled in Web2 & Web3 Technologies | Open to Software Developer Jobs
🚀 Solana: The Speed Demon of Blockchain 65,000+ TPS | Sub-second finality | No Ethereum congestion. How does it outpace rivals? Let’s dive in. ⚡ #Solana #Blockchain Thread 🧵
Cryptocurrencies lost $300 billion in value this week due to leveraged bets unwinding, with Bitcoin down 5% and Ether down 12%. Investor confidence hit a 6-month low.
Australia Drafts New Crypto Laws: The Australian government is finalizing regulations for crypto service providers, emphasizing compliance standards for transactions and asset custody.
Bitcoin Price Volatility: BTC rebounded to $113,900 but faces potential dips near $107,000 due to $17.5B in Bitcoin options expiries. Analysts note September's historical weakness for BTC.
Remittix (RTX): A PayFi project raising $26.4M in its presale, offering real world utility (e.g., remittances) and partnerships with exchanges like BitMart.
October is expected to be pivotal for crypto, with focus on ADA's performance and Remittix's potential to deliver over 30% returns for early investors.
Paypal expansion: Enabled crypto transfers (BTC, ETH, PYUSD) via PayPal Links, integrating with Venmo and compatible wallets.
Bitcoin's mining difficulty reached an all-time high of 142.3 trillion, with network hashrate hitting 1.1 trillion hashes/second (CryptoQuant). This reflects growing security and adoption in Bitcoin's network.
Investors are diversifying portfolios with presales, low-cap gems, and PayFi solutions like Remittix, while Ethereum and Cardano face slowing momentum.
The European Union will target cryptocurrency platforms in sanctions against Russia for the first time, prohibiting crypto transactions to "stay ahead" of evasion tactics
Bitcoin rose 1.1% to $117,700 post-Fed rate cut, while Ethereum surged past $4,600. The Meme sector saw a 5% gain, though SocialFi underperformed. Total crypto market cap hit $4.2 trillion.
The London Stock Exchange launched a Microsoft-powered blockchain platform for private funds, the first such initiative by a global exchange. This could expand institutional use cases for blockchain technology
"White hats" (ethical hackers) are increasingly targeting DeFi protocols to identify vulnerabilities, improving ecosystem security.
A crypto analyst suggests XRP could rise 800% to $26.63, based on Fibonacci extension analysis, though this remains speculative.
Price Movements: Bitcoin (BTC): Stabilized around $115,000. Ethereum (ETH): Surged to $4,700. Solana (SOL): Nearing an all-time high at $240. XRP: Maintained strength at $3.15. BNB: Hit a new all-time high.
Gemini Exchange Debut: Shares of Gemini Space Station (GEMI), founded by the Winklevoss twins, surged on their market debut, showing strong institutional interest in crypto-related equities.
Hackers deployed malware (a "crypto clipper") in JavaScript libraries, risking fund theft by altering wallet addresses. Affected packages are being remediated.
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