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Other Important Developments From the chart AltStreet Bets, shared, the total market cap of altcoins could reach $440 billion in 2024. For the projection to be achievable, there has to be an average 4x increase in altcoin prices. FTX gets registered in Europe with new Cyprus licenseShiba Inu Graph Analysis — CertiK Alert (@CertiKAlert) October 8, 2023

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Source: ShutterstockBinance Labs, the venture arm of Binance, injected $10 million into Helio Protocol on August 11th. This investment supports Helio Protocol's ongoing shift towards becoming a liquid staking platform. The substantial funding from Binance Labs highlights Helio Protocol's promising potential and underscores the rising importance of liquid staking within decentralized finance (DeFi).A spokesperson from Binance Labs elaborated on their enthusiastic perspective concerning liquid staking. They highlighted the notable surge in total value locked (TVL) within "LSDfi protocols," emphasizing the rapid growth potential of these protocols. These protocols introduce additional use cases for liquid staking tokens, which could significantly accelerate the expansion of liquid staking. This expansion can propel staking participation, ultimately leading to unprecedented capital efficiency.However, according to Binance Half-Year Report published in July, it noted that Liquid staking, although it has emerged as the largest DeFi category in terms of TVL, there are things to be wary of, including smart contract vulnerabilities, slashing risks and price fluctuations.Binance's report in July revealed that liquid staking overtook DEXs in TVL supremacy by April 2023. Initially, market concentration focused on key protocols, but Binance predicted diversification as more projects entered this sphere soon.Though liquid staking is gaining popularity, users must remain cautious. "When engaging in liquid staking, users interact with additional smart contract layers, which exposes them to potential bugs. Thorough research by users is crucial."Futhermore, Binance warned that fluctuations in market prices might cause mismatches between the Liquid Staking Token (LST) and underlying tokens, often due to smart contract complications.The Liquid Staking Revolution: Helio's Strategic Pivot towards DeFi TransformationLiquid staking stands as the DeFi sector's imminent game-changer. It is a decentralized finance subset, allowing users to earn yield while retaining token liquidity. It involves staking tokens to gain different representative tokens – liquid staking tokens (LSTs) – which find use within DeFi.The biggest staking platform on Ethereum is Lido Finance. It offers users Staked Ethereum (stETH) when they deposit their ETH with the protocol.Binance Labs expressed optimism about liquid staking, also known as liquid staking derivative finance or "LSDfi protocols." A Binance Labs spokesperson said via email, "LSDfi protocols have created new opportunities for yield-seeking LST holders. They have gained significant Total Value Locked (TVL) growth recently. By expanding the use cases for liquid staking tokens, LSDfi could accelerate liquid staking growth by encouraging more staking for higher capital efficiency."Helio Protocol ranks thirteenth in DeFi on the BNB Chain, boasting 11,000 HAY holders and $300 million in TVL. Backed by Binance Labs and focusing on liquid staking innovation, Helio aims for a significant DeFi presence. The Binance Labs spokesperson stated, "Helio aims to launch on Ethereum, followed by major L2 networks such as Arbitrum and Zksync."Helio Protocol's recent actions in this realm have been truly transformative. Following its merger with Synclub, Helio revamped its BNB deposits. These deposits now seamlessly convert into a variety of LSTs like AnkrBNB (ANKR), snBNB (Synclub), BNBx (Stader), and stkBNB (Pstake). This innovation enables users to withdraw any LST of their choice, thereby enhancing liquidity and the usability of their staked assets.Coinbase's Blockchain Gambit: A Solution to Six Consecutive Quarters of Losses? During this time, it has made five attempts at breaking out (red icons), all unsuccessful. The most recent was made two weeks ago. Best Crypto Exchange | Top 10 cryptocurrency exchangesSource: PixabayBitcoin Ordinals marketplace Ordswap has lost control of its official domain, resulting in temporarily shutting down operations. On October 9, the Ordswap team notified users, acknowledging that they had lost control of their official domain.The team conveyed this message through a post on the X platform (formerly Twitter), cautioning users with the statement, "Do not connect to Ordswap domain. We are not currently in control of the domain."The marketplace is yet to release a comprehensive incident report stating the cause and scale of the incident. However, it has been speculated that the issue could be from a web hosting firm Netlify. Users from the marketplace's discord server complained about a compromised authorization button on the Ordswap website that was placed there in an attempt to perpetrate a phishing attack.A user on X called the button a "wallet drainer" – a tool favored by crypto hackers that tricks victims into signing a malicious transaction.Ordswap Devises Plans to Retrieve Users KeysIn a recent update, Ordswap has introduced a solution to aid users in recovering their private keys while actively working to regain control of its website domain.On October 10, the platform took to Twitter to announce an online tool designed to assist users who had used MetaMask to access the platform while reclaiming their Ordswap private keys.This tool empowers users to securely transfer their assets to alternative service providers. Ordswap was launched in 2023 as a trustless marketplace to trade Bitcoin Ordinals.The recent incident underscores the increasing sophistication of phishing attacks in recent years. A notable similarity can be drawn to September 20, 2023, when Balancer, an Ethereum-based automated market maker, fell victim to a similar attack, resulting in the theft of approximately $240,000 in assets.Balancer suspected the attackers had executed a social engineering attack on its DNS service provider, EuroDNS. This enabled the attackers to introduce a deceptive prompt, duping users into authorizing a malicious contract that drained funds from their wallets.However, a few hours later, the automated market maker announced that they had successfully resolved the issue, and the domain was back under their control.Google Cloud Is A Validator on Polygon’s PoS Network To ensure the stability of the FRAX stablecoin, the documentation highlights that its peg to the USD will be activated once it achieves a 100% collateralization ratio. This pegging mechanism will rely on a combination of Chainlink oracles and a reference rate approved by the governance structure, reaffirming FRAX’s commitment to maintaining its value in line with the U.S. dollar.

Last week, real-world asset project Backed issued a tokenized security product on Base which tracks a short-term iShares U.S. treasury bond ETF.9 factors to consider when choosing a blockchain consensus mechanism The positive outlook for UOS is bolstered by the continuous expansion of the Ultra platform, which is attracting a growing community of gamers worldwide. What is the best crypto in 2023 2024?Anonymity Trade $COV (Covesting) on KuCoin and win a share of the $50,000 prize pool

What are the Features of Ethereum? The ensuing rejection (red icon) validated the $0.55 horizontal area as resistance. How to Backup Your Bitcoin Wallet in 2023: Keep Your Crypto SecureCustodial Users Dominate Exchange Supply provides a real-time snapshot of the total deposits that investors currently hold in exchange-hosted wallets. Typically, when exchange supply increases during a prolonged bearish price downtrend, it signals that holders have grown dysphoric and are now looking to exit their positions.

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