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The ETH / BTC valuation has been on a downward trend according to the monthly chart, and the analyst believes that his trend is very likely to continue through the end of the year. He based his belief off of what happened in the pre-halving year of 2019. — Robert F. Kennedy Jr (@RobertKennedyJr) October 9, 2023 Buy Ethereum-ETH Price Today, Live Charts and NewsAzuki Crypto Analyst Expects Volatility in Shorter Term

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Balancing scalability, interoperability and privacy is crucial. PoW is secure, but not scalable. PoS boosts throughput, but may risk decentralization. For cross-chain compatibility, opt for mechanisms that play well with other networks. Enhance programmable privacy with secure multiparty computation, but note the computational cost. Weigh these trade-offs to align with your project’s objectives. – Tiago Serôdio, Partisia Blockchain Do you have anything to say about the impact on crypto due to the Israel-Palestine war or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or X (Twitter). BitGo-How institutions and platforms securely access cryptoRead more: Behind the times: How LVR is an ‘unfair game’ for DeFi liquidity providers Technical Support is expected around 24440.41/ 23270.10/ 22769.39 with Stops expected below.

Magazine: Web3 Gamer: Minecraft bans Bitcoin P2E, iPhone 15 & crypto gaming, Formula EJOE Sinks as Retailer Trader Joe’s Sues Namesake DEX The price is trading below $1,600 and the 100-hourly Simple Moving Average. Buy and Sell Crypto Currency at MoneygramSince Polygon is compatible with Ethereum, one could easily transfer to and from Polygon and Ethereum. Polygon’s flexibility can create a wide variety of apps to build in its ecosystem and supports easy-to-use wallets on the web and mobile. Moreover, NEAR crypto plummeted 2.93% in market value but surged 61.77% in trading volume in the last 24 hours, as per Coinmarketcap, which is a crypto data and information website. Its market value is $1,025,828,212 and its trading volume is $42,921,807. There are 978,890,134 NEAR in circulation.

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.IntroductionThe negative trend in crypto fundraising persisted during Q3 2023, with decreasing investment volumes and only a few significant deals. Investor concerns and uncertainty resulted in the stagnation of crypto fundraising for the year. This report from the CryptoRank team examines the key trends, narratives, and statistics of the crypto fundraising sector during Q3.Key Highlights:Crypto startups raised $1.61B in 222 deals in Q3 2023, down 31.5% from Q2 and 75.8% from Q3 2022.Blockchain services were the most popular category for investors in Q3 2023 ($515 million in 73 deals in Q3).Binance Labs and Coinbase Ventures were the most active Tier 1 investors in Q3. Both funds focused on investing in the DeFi sector.Investors preferred to invest in early stage projects in Q3.Q3 Fundraising Landscape in NumbersCrypto startups raised $1.61B in 222 deals in Q3 2023, a 31.5% decrease from Q2 and a 75.8% decrease from Q3 2022. These figures clearly indicate the downward trend that crypto fundraising is facing in 2023. Following market stagnation and regulatory uncertainty, the amount raised by crypto companies is also decreasing.Blockchain services were the most attractive category for investors in Q3 2023. Startups developing various services and blockchain tools received $515M in 73 deals in Q3. CeFi projects surprisingly became the second most popular category, raising $300M (BitGo's $100M funding round was the largest one), ahead of GameFi ($215M) and DeFi ($178M).Data source: cryptorank.io/funding-analyticsQuarterly Focus: Notable Funding RoundsDespite the downward trend in crypto fundraising, there are still interesting projects that are receiving funding from leading crypto VC firms. In this article, we will take a closer look at the top 10 startups that received investment from Tier 1 crypto funds in Q3 2023.Data source: cryptorank.io/funding-roundsLet's take a closer look at the top-3 leaders:Flashbots, a research and development organization formed to mitigate the negative externalities posed by Maximal Extractable Value (MEV), raised $60M in a Series B round led by Paradigm. Flashbots' mission is to enable a permissionless, transparent, and sustainable ecosystem for MEV, using the following approach:Illuminate: bringing transparency to MEV activity.Democratize: democratizing access to MEV revenue.Distribute: enabling sustainable distribution of MEV revenue.Futureverse, a leader in revolutionary AI and metaverse technologies that enable open, scalable, and interoperable apps, games, and experiences, raised $54M in a Series A round with participation from Ripple. The FuturePass Smart Wallet SDK enables simple, fast, secure, and password-free onboarding of users to web3 applications, games, and experiences.RISC Zero, a crypto startup dedicated to building a developer-friendly, scalable blockchain based on zero-knowledge proofs, raised $40M in a Series A round led by Blockchain Capital. The RISC Zero zkVM, released in April 2022, can prove the correct execution of arbitrary code, allowing developers to build ZK applications in mature languages such as Rust and C++.It is worth noting another project that received the largest investment in Q3 2023. BitGo raised $100M from undisclosed investors in August at a valuation of $1.75B. BitGo is known as the custodian of WBTC. Its focus on being licensed and regulated has helped it stand out in the uncertain legal landscape for digital assets. The funding, received entirely from new investors, will be used for strategic acquisitions, with two deals already in progress. BitGo's previous investors include Goldman Sachs, DRW Holdings, and Galaxy Digital Ventures. Investors Movements: Key HighlightsBinance Labs and Coinbase Ventures were the most active Tier 1 investors in Q3. Both funds focused on investing in DeFi projects (5 deals from Binance Labs and 3 from Coinbase Ventures), while other participants preferred Services as their main investment sector.Balaji Srinivasan, the former CTO of Coinbase, is on the list of the most active investors in Q3. Balaji's favorite category in Q3 was social projects (3 deals with his participation).Data source: cryptorank.io/funding-analyticsInvestors still prefer to support projects in the early stages. In Q3, VC firms participated in 75 seed rounds with $405.6M invested.Data source: cryptorank.io/funding-analyticsOverall, seed rounds account for 33% of the total number of deals since the beginning of the year.Data source: cryptorank.io/funding-analyticsInvesting in early-stage projects can be a profitable strategy if the companies receiving investment successfully develop their products and enter the market. However, supporting early-stage crypto startups is also risky since there is no guarantee that these projects will succeed in the rapidly changing crypto environment. Most Popular Jurisdictions for FundraisingDespite regulatory pressure, the US remains the most active crypto venture hub. In Q3 2023, US-based crypto startups raised $743.1M, equal to 46% of the total amount raised in Q3. Surprisingly, India became the second most popular jurisdiction for crypto investment: companies based in the country raised $76.1M in Q3. Hong Kong, with its crypto-friendly policies, came in third, attracting $35M in investment. France became the most popular jurisdiction among EU countries, with over $30M invested in crypto projects.Data source: cryptorank.io/funding-analyticsClosing ThoughtsThe crypto fundraising sector is far from optimal conditions in 2023, and the negative trend continued in Q3. The amount of investment in crypto projects is steadily decreasing, falling by 75.8% (YoY) in Q3. However, the improvement of market conditions and the start of a much-anticipated "bull run" may quickly change the situation and boost crypto fundraising.Investment funds are actively supporting various projects developing blockchain-related services and tools that improve, scale and simplify the work of the crypto industry backbone, blockchains. The development of such services is crucial for the further expansion of blockchain technology and the mass adoption of crypto in people's everyday lives.Projects are typically funded in the early stages of product development, an investment strategy that can be very lucrative for venture capital firms, but also risky given the rapidly changing crypto landscape.The US remains the largest venture hub for crypto startups, despite a hostile regulatory environment. However, if regulatory uncertainty is not resolved, the US may lose its position in favor of new emerging crypto hubs such as Hong Kong.dYdX Stumbles as Bitcoin settles around $27,600 and InQubeta reaches $3.4 Million Source: PexelsVanEck's Ethereum Strategy Fund (EFUT) is set for listing on the Chicago Board Options Exchange (CBOE), according to an announcement on its website.The investment management firm is gearing up to launch its Ethereum-styled futures contracts on October 2, having received approval from the US Securities and Exchange Commission (SEC).According to the company, the Ether futures exchange-traded fund (ETF) is expected to be entirely standardized, cash-settled futures contracts accessible for trades on the Commodity Futures Trading Commission (CFTC) regulated commodities platform. An ETF tracks the performance of a particular index or basket of financial instruments, which is what VanEck's offering aims to do.Dubbed the Ethereum Strategy Fund (EFUT) on its website, this offering will grant investors access to futures contracts without requiring direct exposure to the digital asset itself.VanEck further clarified that the ETF will be actively managed under a C-corp structure. A C-corp structure provides a more dynamic and beneficial tax framework to long-term investors than the S-corp structure. Providing more details on how much investors will be charged in management fees, VanEck put its expense ratio at 0.66%. Meanwhile, the investment firm with over $77 billion in assets under management (AUM) has been generating buzz about the ETF on all its social media handles, especially X (formerly Twitter). It has since launched a video encouraging investors to "Enter the Ether."All Good Things Come to Ethereum Core DevelopersVanEck has also stated its intentions to make a significant donation to the core development team behind Ethereum. According to a separate statement on X, the investment firm intends to donate 10% of its profits from the Ethereum Strategy ETF to the Protocol Guild – a team of Ethereum contributors managing the network's core development. VanEck's donation would span a period of ten years.The Protocol Guild has garnered well over $13.3 million in donations. According to a Dune-based dashboard dedicated to tracking these philanthropic donations, over 4,800 donations have been made, with the average amount at $2,842. Other projects that have contributed to the Protocol Guild include Arbitrum, Uniswap, and Moloch DAO.Meanwhile, VanEck is one of many investment managers starting its Ether futures contracts trading soon. Fellow US-based Bitwise Asset Management announced it would offer two Ether futures contracts and a Bitcoin strategy fund starting October 2. Other asset managers like Invesco Galaxy Ethereum ETF have informed the SEC of their intentions to offer an Ethereum-backed Strategy ETF. UBS' Tokenized Money Market Fund Goes Live on Ethereum Blockchain Digital Currency-Pymnts.comIn short, PoS allows validators to invest in the coins of the system rather than investing in expensive hardware to solve technical puzzles. In addition, innovative consensus algorithms such as Algorand’s Pure PoS, DPoS and HoneyBadgerBFT have transformed the industry. Algorand uses a PoS method in conjunction with a Byzantine agreement protocol to ensure quick and irreversible finality for transactions.

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