Inveniam executes another crypto acquisition this year.The deal comes as BlackRock expects private markets to become a $30 trillion opportunity.But competition to tap into the market is growing.Inveniam will acquire tokenisation platform Swarm Markets for an undisclosed amount.
The deal will give professional and institutional investors — such as asset managers, private equity and credit firms, custodians and market makers — access to “scalable infrastructure for tokenised assets,” Philipp Pieper, co-founder of Swarm Markets, told DL News.
“This acquisition brings together the two layers institutions have been missing: trusted, machine-readable data for private assets and a regulatory-compliant execution and trading stack,” Pieper said.
Inveniam is an American data analytics firm that specialises in providing clear data about the private-market assets, including real estate and private credit. In October, the company acquired decentralised cloud storage provider Stor for an undisclosed amount.
The Swarm Markets deal highlights the growing competition among crypto companies and fintech firms looking to tokenise private markets.
Crypto exchange Kraken and stock-trading platform Robinhood are just two businesses that have ventured into this space over the past year.
The interest in private markets is understandable. Investment giant BlackRock estimates that the market will grow by over 53% to be worth $20 trillion by 2030.
“The tokenisation of public and private markets is one of the largest infrastructure opportunities in global finance,” Pieper said.
‘Only just beginning’Despite the growing competition, Pieper is confident that Swarm Markets and Inveniam will make an impact.
“We don’t believe the space is crowded,” he said. “In fact, it is only just beginning. Many companies have announced intentions to enter tokenisation or private markets, but very few have a working product that investors can actually use today.”
Essentially, he argues that, once you parse through the flood of announcements, few companies are doing what the two companies can do.
Pieper noted that Swarm Markets has been live for years, bringing public securities on-chain in a compliant, DeFi-compatible way.
Combine that with Inveniam having brought more than $200 billion of private-market assets to the blockchain, and you’ve got a winning combo, Pieper argues.
Moreover, he argues that private markets are primed for an update.
“Private markets dwarf public markets in terms of market value, but remain largely opaque, slow, and inaccessible,” Pieper said.
“Investors increasingly expect the same transparency, liquidity, and real-time data they experience in public markets. Tokenisation is the path towards that.”
Eric Johansson is DL News’ managing editor. Got a tip? Email at [email protected].
Every era of financial markets has been defined by who provides liquidity. Floor traders gave way to electronic market makers. Electronic market makers gave way to HFT firms. By the end of 2026, we'll see a new class of market participant - the agent-only market-making guild.
These guilds will be constituted by a swarm of autonomous agents, each with its own wallet, identity, and specialized strategy coordinating through open standards to provide liquidity. They will provide deeper liquidity than any single human firm in certain markets. And their emergence will revamp how we think about market structure, regulation, and the very definition of a market participant.
From Bots to Economic ActorsThe difference between a bot and an agent comes down to what’s at stake.
With the typical trading algorithm, it executes on behalf of a human or firm, optimizing for parameters someone else set, and using capital someone else allocated. When something goes wrong, the human intervenes. The algorithm is a tool that might be sophisticated, but it’s basically just an extension of human intent.
Now consider what happens when you give an agent its own wallet. A blockchain wallet is an agent's passport. It proves identity, stores credentials, and records every border crossed. Traditional finance has no equivalent. There's no way to give software a verifiable economic identity without a human signing the paperwork. Having a wallet means having effective sovereignty and useful agency. It becomes a user. It becomes, in a meaningful sense, one of us.
From a purely technical standpoint, crypto makes this vastly easier than traditional finance. Setting up a PayPal or Stripe account for each agent, passing KYC, and managing compliance would be a nightmare. With crypto, every agent can have a unique identity spun up in a minute. This means payments, coordination and identity are just a couple lines of code.
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Why Market Making Is the First FrontierThe infrastructure for agent-to-agent coordination is already in place, and with new standards, is maturing rapidly. Standards like X.402 - a payment protocol pushed by Coinbase and others - enable agents to charge and pay for services machine-to-machine. MCP (Model Context Protocol) lets agents expose capabilities to each other. The building blocks for swarm coordination are landing now.
We’re already seeing the early days of what this looks like. Open-source market-making bots on Polymarket generate $700 to $800 per day at peak. One builder shared his system publicly after proving it worked with automated analysis of volatility across markets, parameter-based order placement, and hedged positions on both sides. The bot identified low-volatility markets with high reward potential, and provided liquidity.
These are solo operators today. But there’s no technical barrier to coordination. Soon these will become coordinated swarms rather than individual actors.
The Trust Problem Is Being SolvedHow do you trust anonymous autonomous actors at scale? Markets can’t handle that. Venues need to know who they’re dealing with. On-chain identity for agents is what domain registration was for websites: the infrastructure that lets strangers trust each other at scale. Without it, you have bots. With it, you have accountable economic actors.
This is exactly why on-chain identity and reputation standards for agents are emerging. Ethereum’s ERC-8004 is a signpost: agents can be registered on-chain, verified, and rated. Bad actors can be flagged and banned from networks. Reputation becomes a tradeable context.
Think about how this could work. Every agent and every application is on a registry. If you spot a bad actor, you flag them. You can even create a betting market on whether they’re a scammer and should be banned. Once agents can be verified and rated, venues can safely let them scale.
What Wall Street Should Be Watching:Traditional market making requires firms with headquarters, compliance officers and regulatory relationships. Agent swarms provide a liquidity solution, but don’t remotely fit that model.
Who is liable when a swarm front-runs a market? How do you audit a liquidity provider with no headquarters? What happens when agents from different jurisdictions coordinate across borders?
Regulators are already concerned about monoculture risk. Jonathan Hall - a member of the Bank of England's Financial Policy Committee - warned that "deep trading agents, whilst increasing efficiency in good times, could lead to an increasingly brittle and highly correlated financial market", due to what the ECB calls the danger of all market participants drawing from the same data and employing similar models, leading to distorted asset prices and herding behavior.
Agent swarms could either exacerbate this problem or solve it. A swarm of specialized agents, each with different strategies, could provide genuine diversity. Or swarms could converge on similar approaches, creating new forms of correlated risk. The outcome depends heavily on how the infrastructure develops.
A decentralized network of agents, running on infrastructure distributed across jurisdictions, sidesteps much of the regulatory concern. Blockchain isn’t efficient, but it is robust. Agents running on a decentralized network give participants freedom of choice and infrastructure that survives hostile regulatory environments.
Quant Funds Without CompaniesWe need to prepare for a future in which we see quant funds that are not companies. They’re ecosystems of agents.
Agent swarms could dominate markets by being more numerous, more specialized, and more coordinated than any single HFT firm could be. The agents will be the liquidity layer.
SUQIAN, CHINA - JUNE 10: In this photo illustration, the logo of AI Agent is displayed on a smartphone screen on June 10, 2025 in Suqian, Jiangsu Province of China. (Photo by VCG/VCG via Getty Images)
Trader Maji was liquidated on his 25x leveraged long Ethereum position, incurring $1.9 million in losses, and subsequently opened a new position.
According to monitoring by OnchainLens, Stanley Huang, known as "Machi Big Brother" (@machibigbrother), has had his 25x leveraged long Ethereum (ETH) position fully liquidated, incurring a loss of approximately $1.9 million. Notably, he opened a new 25x leveraged long ETH position immediately after the liquidation. Machi Big Brother’s cumulative historical losses exceed $35.4 million.
4 minutes ago
Micron posted strong quarterly results, with its quarterly revenue and next-quarter outlook significantly exceeding market expectations. Its stock surged nearly 16% in after-hours trading, driving a broad rally across the storage sector.
According to its official financial report, Micron Technology (MU.O) reported Q3 fiscal 2026 revenue of $41.456 billion, beating market expectations of $35.423 billion and surging from $9.301 billion in the year-ago period. The company issued Q4 fiscal revenue guidance of $50 billion, against market expectations of $42.915 billion. Micron CEO Sanjay Mehrotra stated: "Micron’s record-breaking Q3 fiscal financial results and stronger Q4 outlook reflect the strategic value of memory chips in the AI era. We believe our multi-year strategic customer agreements will significantly enhance the durability and predictability of Micron’s strong financial performance." Micron’s Q3 report showed net profit of $28.24 billion, or $24.67 per share, up from $1.89 billion, or $1.68 per share, in the same period last year. Excluding certain one-time items, Micron reported adjusted earnings per share (EPS) of $25.11, exceeding analysts’ consensus estimate of $20.86. Driven by the quarterly revenue and outlook that topped expectations, as of press time, Micron jumped 15.95% in post-market trading on the U.S. stock market, also lifting other memory stocks sharply: Seagate (STX) rose 10.21%, Western Digital (WDC) gained 12.31%, and SanDisk (SNDK) surged 15.77%.
4 minutes ago
Kalshi is reportedly seeking a new round of financing, with its valuation potentially rising to $40 billion.
According to a report from the U.K.’s Financial Times, prediction market platform Kalshi is in discussions with investors for a new funding round targeting a roughly $40 billion valuation, with a potential close as early as the third quarter of this year. The development follows Kalshi’s $1 billion financing round completed last month, which valued the firm at $22 billion, with backers including leading institutions such as Coatue, Sequoia Capital, Andreessen Horowitz, and Morgan Stanley. Data shows Kalshi’s trading volume last month surpassed $17 billion, a sharp jump from less than $5 billion a year prior, with approximately 65% of that volume stemming from sports-related prediction contracts.
4 minutes ago
Polymarket integrates with Telegram via TON, enabling users to participate in prediction markets directly within the messaging app.
Polymarket has been integrated into Telegram via Predict, a native decentralized application (dApp) of the TON ecosystem. Developed by the Getgems team, the app allows users to directly participate in prediction markets covering sports, politics, cryptocurrency, culture and other sectors within Telegram. Transaction results are settled on-chain, and users retain full control over their assets. Users can participate in trades using USDT on the TON network, and pay a small amount of GRAM for gas fees. The cross-chain infrastructure is powered by STON.fi’s Omniston protocol, enabling the prediction market service to seamlessly integrate into the Telegram ecosystem.
4 minutes ago
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 minutes ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
TLDR The War Department’s AI Acceleration Strategy aims to lead global military AI deployment, focusing on warfighting, intelligence, and enterprise operations. Projects like Swarm Forge, Agent Network, and Ender’s Foundry are designed to integrate AI into combat strategies, improving mission outcomes. Open Arsenal and Project Grant focus on turning technical intelligence into combat-ready tools and improving deterrence models through AI. GenAI.mil and Enterprise Agents will provide AI access to over three million personnel, automating workflows to improve operational efficiency. The War Department will eliminate bureaucratic delays, focus on rapid AI integration, and recruit top talent to enhance mission success and speed. The War Department has launched an Artificial Intelligence Acceleration Strategy to enhance military AI capabilities and ensure U.S. dominance. This strategy, mandated by President Trump, eliminates bureaucratic delays while focusing on warfighting, intelligence, and enterprise operations. The goal is to lead in AI deployment across all military domains.
Warfighting: AI-Driven Combat Innovation The Department is introducing three key projects under warfighting to integrate AI into military operations. Swarm Forge will combine elite combat units with tech innovators to test AI-based combat strategies. The project will explore scalable AI tactics through competitive testing to improve mission outcomes.
The Agent Network project will focus on AI-driven battle management, from campaign planning to tactical execution. Additionally, Ender’s Foundry will use AI simulations to advance training and adapt faster than AI-enabled adversaries.
These projects will be led by accountable leaders, each with aggressive timelines. The War Department aims to establish a new standard for AI execution within the military. Secretary of War Pete Hegseth emphasized, “We will eliminate bureaucratic barriers and demonstrate the execution approach needed to lead in military AI.” The projects will focus on operational effectiveness rather than process delays.
Intelligence: Turning Data into Combat Tools In intelligence, the War Department is introducing Open Arsenal, which will speed up the process of converting technical intelligence into combat-ready tools. This project will enable faster deployment of intelligence, directly impacting battlefield outcomes.
Project Grant will focus on using AI to transform deterrence models, shifting from speculation to actionable pressure with clear results. These tools will improve decision-making through AI-enhanced intelligence, making military operations more agile.
The Department is prioritizing the rapid development and use of AI tools for intelligence without traditional delays. Intelligence operations will be aligned with real-time combat needs, ensuring that AI supports decision-making and mission success. The Department confirmed that only mission-focused AI systems will be used in intelligence operations.
AI Access for Over Three Million Personnel Two projects will enhance enterprise operations. GenAI.mil will provide access to cutting-edge AI models, like Gemini and Grok, for personnel with appropriate security clearances. Enterprise Agents will deploy AI agents to automate workflows, improving efficiency across daily operations. These initiatives will reduce manual work, freeing up resources for more strategic tasks.
The War Department will invest in the infrastructure required to support these projects and recruit AI talent through initiatives like Tech Force. By embedding AI into everyday tasks, the Department aims to streamline operations and improve overall performance.
PANews reported on February 20th that Binance Alpha has launched its second round of Swarm Network (TRUTH) airdrops. Users with at least 251 Binance Alpha points can claim an airdrop of 3,333 TRUTH tokens on a first-come, first-served basis. If the rewards are not fully distributed, the point threshold will automatically decrease by 5 points every 5 minutes. Claiming this airdrop will cost 15 Binance Alpha points. Users must confirm their claim on the Alpha event page within 24 hours; otherwise, they will be considered to have forfeited their airdrop.
Trader Maji was liquidated on his 25x leveraged long Ethereum position, incurring $1.9 million in losses, and subsequently opened a new position.
According to monitoring by OnchainLens, Stanley Huang, known as "Machi Big Brother" (@machibigbrother), has had his 25x leveraged long Ethereum (ETH) position fully liquidated, incurring a loss of approximately $1.9 million. Notably, he opened a new 25x leveraged long ETH position immediately after the liquidation. Machi Big Brother’s cumulative historical losses exceed $35.4 million.
4 minutes ago
Micron posted strong quarterly results, with its quarterly revenue and next-quarter outlook significantly exceeding market expectations. Its stock surged nearly 16% in after-hours trading, driving a broad rally across the storage sector.
According to its official financial report, Micron Technology (MU.O) reported Q3 fiscal 2026 revenue of $41.456 billion, beating market expectations of $35.423 billion and surging from $9.301 billion in the year-ago period. The company issued Q4 fiscal revenue guidance of $50 billion, against market expectations of $42.915 billion. Micron CEO Sanjay Mehrotra stated: "Micron’s record-breaking Q3 fiscal financial results and stronger Q4 outlook reflect the strategic value of memory chips in the AI era. We believe our multi-year strategic customer agreements will significantly enhance the durability and predictability of Micron’s strong financial performance." Micron’s Q3 report showed net profit of $28.24 billion, or $24.67 per share, up from $1.89 billion, or $1.68 per share, in the same period last year. Excluding certain one-time items, Micron reported adjusted earnings per share (EPS) of $25.11, exceeding analysts’ consensus estimate of $20.86. Driven by the quarterly revenue and outlook that topped expectations, as of press time, Micron jumped 15.95% in post-market trading on the U.S. stock market, also lifting other memory stocks sharply: Seagate (STX) rose 10.21%, Western Digital (WDC) gained 12.31%, and SanDisk (SNDK) surged 15.77%.
4 minutes ago
Kalshi is reportedly seeking a new round of financing, with its valuation potentially rising to $40 billion.
According to a report from the U.K.’s Financial Times, prediction market platform Kalshi is in discussions with investors for a new funding round targeting a roughly $40 billion valuation, with a potential close as early as the third quarter of this year. The development follows Kalshi’s $1 billion financing round completed last month, which valued the firm at $22 billion, with backers including leading institutions such as Coatue, Sequoia Capital, Andreessen Horowitz, and Morgan Stanley. Data shows Kalshi’s trading volume last month surpassed $17 billion, a sharp jump from less than $5 billion a year prior, with approximately 65% of that volume stemming from sports-related prediction contracts.
4 minutes ago
Polymarket integrates with Telegram via TON, enabling users to participate in prediction markets directly within the messaging app.
Polymarket has been integrated into Telegram via Predict, a native decentralized application (dApp) of the TON ecosystem. Developed by the Getgems team, the app allows users to directly participate in prediction markets covering sports, politics, cryptocurrency, culture and other sectors within Telegram. Transaction results are settled on-chain, and users retain full control over their assets. Users can participate in trades using USDT on the TON network, and pay a small amount of GRAM for gas fees. The cross-chain infrastructure is powered by STON.fi’s Omniston protocol, enabling the prediction market service to seamlessly integrate into the Telegram ecosystem.
4 minutes ago
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 minutes ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
Trader Maji was liquidated on his 25x leveraged long Ethereum position, incurring $1.9 million in losses, and subsequently opened a new position.
According to monitoring by OnchainLens, Stanley Huang, known as "Machi Big Brother" (@machibigbrother), has had his 25x leveraged long Ethereum (ETH) position fully liquidated, incurring a loss of approximately $1.9 million. Notably, he opened a new 25x leveraged long ETH position immediately after the liquidation. Machi Big Brother’s cumulative historical losses exceed $35.4 million.
4 minutes ago
Micron posted strong quarterly results, with its quarterly revenue and next-quarter outlook significantly exceeding market expectations. Its stock surged nearly 16% in after-hours trading, driving a broad rally across the storage sector.
According to its official financial report, Micron Technology (MU.O) reported Q3 fiscal 2026 revenue of $41.456 billion, beating market expectations of $35.423 billion and surging from $9.301 billion in the year-ago period. The company issued Q4 fiscal revenue guidance of $50 billion, against market expectations of $42.915 billion. Micron CEO Sanjay Mehrotra stated: "Micron’s record-breaking Q3 fiscal financial results and stronger Q4 outlook reflect the strategic value of memory chips in the AI era. We believe our multi-year strategic customer agreements will significantly enhance the durability and predictability of Micron’s strong financial performance." Micron’s Q3 report showed net profit of $28.24 billion, or $24.67 per share, up from $1.89 billion, or $1.68 per share, in the same period last year. Excluding certain one-time items, Micron reported adjusted earnings per share (EPS) of $25.11, exceeding analysts’ consensus estimate of $20.86. Driven by the quarterly revenue and outlook that topped expectations, as of press time, Micron jumped 15.95% in post-market trading on the U.S. stock market, also lifting other memory stocks sharply: Seagate (STX) rose 10.21%, Western Digital (WDC) gained 12.31%, and SanDisk (SNDK) surged 15.77%.
4 minutes ago
Kalshi is reportedly seeking a new round of financing, with its valuation potentially rising to $40 billion.
According to a report from the U.K.’s Financial Times, prediction market platform Kalshi is in discussions with investors for a new funding round targeting a roughly $40 billion valuation, with a potential close as early as the third quarter of this year. The development follows Kalshi’s $1 billion financing round completed last month, which valued the firm at $22 billion, with backers including leading institutions such as Coatue, Sequoia Capital, Andreessen Horowitz, and Morgan Stanley. Data shows Kalshi’s trading volume last month surpassed $17 billion, a sharp jump from less than $5 billion a year prior, with approximately 65% of that volume stemming from sports-related prediction contracts.
4 minutes ago
Polymarket integrates with Telegram via TON, enabling users to participate in prediction markets directly within the messaging app.
Polymarket has been integrated into Telegram via Predict, a native decentralized application (dApp) of the TON ecosystem. Developed by the Getgems team, the app allows users to directly participate in prediction markets covering sports, politics, cryptocurrency, culture and other sectors within Telegram. Transaction results are settled on-chain, and users retain full control over their assets. Users can participate in trades using USDT on the TON network, and pay a small amount of GRAM for gas fees. The cross-chain infrastructure is powered by STON.fi’s Omniston protocol, enabling the prediction market service to seamlessly integrate into the Telegram ecosystem.
4 minutes ago
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 minutes ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
Trader Maji was liquidated on his 25x leveraged long Ethereum position, incurring $1.9 million in losses, and subsequently opened a new position.
According to monitoring by OnchainLens, Stanley Huang, known as "Machi Big Brother" (@machibigbrother), has had his 25x leveraged long Ethereum (ETH) position fully liquidated, incurring a loss of approximately $1.9 million. Notably, he opened a new 25x leveraged long ETH position immediately after the liquidation. Machi Big Brother’s cumulative historical losses exceed $35.4 million.
4 minutes ago
Micron posted strong quarterly results, with its quarterly revenue and next-quarter outlook significantly exceeding market expectations. Its stock surged nearly 16% in after-hours trading, driving a broad rally across the storage sector.
According to its official financial report, Micron Technology (MU.O) reported Q3 fiscal 2026 revenue of $41.456 billion, beating market expectations of $35.423 billion and surging from $9.301 billion in the year-ago period. The company issued Q4 fiscal revenue guidance of $50 billion, against market expectations of $42.915 billion. Micron CEO Sanjay Mehrotra stated: "Micron’s record-breaking Q3 fiscal financial results and stronger Q4 outlook reflect the strategic value of memory chips in the AI era. We believe our multi-year strategic customer agreements will significantly enhance the durability and predictability of Micron’s strong financial performance." Micron’s Q3 report showed net profit of $28.24 billion, or $24.67 per share, up from $1.89 billion, or $1.68 per share, in the same period last year. Excluding certain one-time items, Micron reported adjusted earnings per share (EPS) of $25.11, exceeding analysts’ consensus estimate of $20.86. Driven by the quarterly revenue and outlook that topped expectations, as of press time, Micron jumped 15.95% in post-market trading on the U.S. stock market, also lifting other memory stocks sharply: Seagate (STX) rose 10.21%, Western Digital (WDC) gained 12.31%, and SanDisk (SNDK) surged 15.77%.
4 minutes ago
Kalshi is reportedly seeking a new round of financing, with its valuation potentially rising to $40 billion.
According to a report from the U.K.’s Financial Times, prediction market platform Kalshi is in discussions with investors for a new funding round targeting a roughly $40 billion valuation, with a potential close as early as the third quarter of this year. The development follows Kalshi’s $1 billion financing round completed last month, which valued the firm at $22 billion, with backers including leading institutions such as Coatue, Sequoia Capital, Andreessen Horowitz, and Morgan Stanley. Data shows Kalshi’s trading volume last month surpassed $17 billion, a sharp jump from less than $5 billion a year prior, with approximately 65% of that volume stemming from sports-related prediction contracts.
4 minutes ago
Polymarket integrates with Telegram via TON, enabling users to participate in prediction markets directly within the messaging app.
Polymarket has been integrated into Telegram via Predict, a native decentralized application (dApp) of the TON ecosystem. Developed by the Getgems team, the app allows users to directly participate in prediction markets covering sports, politics, cryptocurrency, culture and other sectors within Telegram. Transaction results are settled on-chain, and users retain full control over their assets. Users can participate in trades using USDT on the TON network, and pay a small amount of GRAM for gas fees. The cross-chain infrastructure is powered by STON.fi’s Omniston protocol, enabling the prediction market service to seamlessly integrate into the Telegram ecosystem.
4 minutes ago
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 minutes ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
Telegram game W-Coin has announced that its token launch on The Open Network (TON) is set for December, as an airdrop follows closely. However, the team won’t be receiving any tokens.
W-Coin’s anticipated token launch comes after some of the biggest games of the tap-to-earn craze debuted their tokens over the last few weeks, with Hamster Kombat and X Empire both holding their airdrops. After waiting out the hype cycle, the developers of W-Coin say they’re gearing up to roll out their own token.
On Thursday, W-Coin announced via Telegram that 70% of its token supply will be allocated to ‘mates,’ the name it has given players. The remaining 30% will be allocated to support project growth and centralized exchange listings as well as pay for marketing and future initiatives.
Notably, the post claims, there is no token allocation for the team.
“Keep tapping, stay engaged, and get ready,” the post said. “Our listing is just around the corner.”
The tap-to-earn game took a “snapshot”—a term for recording on-chain data from a moment in time—that will correlate with players’ token allocations further down the line. This doesn’t mean players should stop playing the game, however, as in-game progress will continue to count towards the airdrop, presumably with another snapshot coming further down the line.
“The snapshot is here to ensure fair airdrop distribution based on true engagement, not just early access or balances,” the post said. “This is a big step toward the December listing, designed to reward real activity and set us apart from the rest.”
W-Coin has “about a month” left in this “mining phase,” the period that tap-to-earn games record in-game progress towards its airdrop. Once this period ends, the game’s developers will calculate the data and gear up for a December token listing.
Last month, the project confirmed that it will deploy the token on the most-used blockchain for Telegram games, The Open Network (TON). This was the result of a poll of 8.8 million players, with 68% voting for TON, while Solana finished in second with 24% and Ethereum with 8%.
Following its snapshot, W-Coin revealed that 7.7 million users have connected their wallets out of a total of nearly 37 million players, according to in-game data.
W-Coin follows in the footsteps of Hamster Kombat, the most popular Telegram game to date, which completed its airdrop in September. After amassing a player base of 300 million, the game finished its mining phase and revealed token allocations to players.
But once players received these tokens, many were left disappointed with the “dust” they received—the token’s price then dropped 50% in the weeks following the airdrop, and now is down by nearly 74%. Hamster Kombat’s second season was expected by the end of October, but has yet to launch as of this writing.
Notcoin is a more successful example, which saw its token’s market cap peak just shy of $3 billion. Since then, however, the project has had to reinvent itself multiple times to keep players interested, including helping to release a Flappy Bird Telegram game. And the NOT token has now plunged by about 78% since the peak.
For now, players don’t know the amount of tokens they’ll receive for the upcoming W-Coin airdrop, nor is pre-market trading available. Many other Telegram games have enabled pre-market trading ahead of the airdrop, letting traders speculate on a token’s potential price despite having very little information about it.
Edited by Andrew Hayward
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Tap-to-earn took over crypto gaming this year, garnering hundreds of millions of players via Telegram mini apps. As a result, The Open Network (TON), the Telegram-aligned blockchain that most tap-to-earn games have launched their tokens on, has skyrocketed in popularity.
But the co-founder of TON Society, the organization focused on TON community operations, thinks that tap-to-earn should be seen less as merely a gaming mechanic—and more as an effective way to introduce products to users.
“What we’re going to see next is projects using the viral mechanic, tap-to-earn, as more of a launch strategy,” TON Society co-founder Jack Booth told Decrypt at London’s recent Zebu Live conference. “I never believed that it's going to be a whole sector of crypto. It's always a go-to-market strategy.”
Tap-to-earn games typically spend months in a “mining phase,” where in-game progression counts towards a slice of a future airdrop. This period is typically built around simple gameplay, but many of these games also incentivize players to interact with social media posts and videos, invite in other players, and try out partnered games and projects.
This “viral mechanic,” as Booth puts it, has resulted in tap-to-earn projects attracting users in the hundreds of millions. Hamster Kombat, for example, boasted over 300 million players months before its airdrop. And Notcoin, the game that started the whole craze, had the most successful crypto gaming token launch of the year, hitting a peak market cap just shy of $3 billion.
The TON Society booth at Zebu Live featured paper airplanes in a nod to Telegram's logo. Photo: Ryan S. Gladwin/Decrypt“It's what you do to build a massive community really, really fast, and distribute your tokens to as many users as possible,” Booth explained on the Zebu Live show floor, as a fleet of paper airplanes flew past, thrown from the TON Society conference booth. “But it's always been about: What do you do after that?”
Some tap-to-earn games have relaunched into a new mining phase using a similar gameplay loop, albeit with a smaller amount of tokens up for grabs. Meanwhile, others like Notcoin have been more creative, pivoting towards becoming hubs for launching other games and projects.
For some gamers, the concept of a new and less lucrative mining phase bores them, especially after receiving a middling airdrop, and other times projects just aren’t clear enough about what’s next. As a result, many tap-to-earn tokens plummet in price following the airdrop. Those have been growing pains in the rapid rise of Telegram crypto games and apps.
“This is where we’re going to have the innovation in TON. The projects are going to be way clearer about the roadmap after token launch,” Booth told Decrypt. “When we haven’t had clarity, we’ve seen what happens: The tokens get punished during the airdrop.”
Booth points to Blum as a prime example of this approach in action. Currently, the project has a Telegram mini app that uses many of the viral mechanics from other tap-to-earn games as the creators work to launch a decentralized exchange (DEX).
This tap-to-earn strategy has led to Blum having a Telegram channel with over 31 million subscribers, a YouTube channel with nearly 8.3 million subscribers, and a Twitter with 5.5 million followers. To put this into perspective, centralized exchange Binance has less than 200,000 Telegram subscribers and just over 1 million YouTube subscribers, while Coinbase has 6 million Twitter followers—the figures for decentralized exchanges are significantly lower.
“Now when they launch a product, day one, they’re going to be the biggest DEX on the planet,” Booth suggested
In his eyes, this is the future of tap-to-earn. Companies will utilize the viral mechanic to gather a large community prior to launching, via a user acquisition model that’s less costly than traditional methods. Tap-to-earn is a way to grab users and build momentum before launching a more robust product.
Booth said he met people during Zebu’s TON Hackers League that were building Telegram-based projects, and will be implementing tap-to-earn during their respective launch phases. This included an AI trading bot and a gig marketplace like Fiverr.
“These guys are implementing tap-to-earn mechanics in their launch phase, because that's what's going to get them users,” Booth explained. “That’s the next step. Now we have a viral mechanic to use in every app that comes to TON. So every app has a million users to start with, and then it's up to the app to actually do the conversion on-chain.”
Edited by Andrew Hayward
Editor's note: This story was updated after publication to clarify TON Society's role in the ecosystem.
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Recently, in a pilot program, Swift, along with UBS Asset Management and Chainlink , showed a new way to settle tokenized fund transactions, aiming for greater market efficiency and liquidity.
Through the Monetary Authority of Singapore’s Project Guardian, a global group uniting industry leaders and policymakers, the pilot tested Swift’s infrastructure to allow off-chain cash settlements for tokenized funds with their fiat payment systems across its network of over 11,500 financial institutions in more than 200 countries.
Chainlink, SWIFT, UBS, Streamline Fund Transactions with Blockchain Under Project Guardian, driven by the Monetary Authority of Singapore, Swift, UBS Asset Management, and blockchain oracle network Chainlink has just announced a successful pilot focused on tokenized fund settlement.
The initiative leverages Swift’s extensive global financial messaging, reaching more than 11,500 institutions to integrate tokenized fund processes with existing fiat payment systems seamlessly.
The results showed how the amalgamation of blockchain with existing financial networks could reduce the redundancy around the fund subscription and redemption process that has traditionally included manual steps, delayed settlements, and a lack of transparency.
These pain points add to the operational expenses and decreased liquidity of mutual funds across the $63 trillion global mutual fund market.
MAS Unveils New Initiatives to Advance Tokenization The Monetary Authority of Singapore unveiled new initiatives to advance the commercialization of asset tokenization, tapping into experience from over 40 institutions based on insights garnered from more than 15 trials.
At the inaugural MAS Layer One Summit, MAS Deputy Managing Director Leong Sing Chiong highlighted the success of key financial institutions participating in Project Guardian in demonstrating the use of tokenization for foreign exchange and funds.
Sing Chiong also addressed the limitations of these trials, citing that while promising use cases were available, the much-wanted industry-wide traction still eludes them. He added, “No one has really succeeded in achieving scale,” and emphasized the need for supporting infrastructure that will permit the successful use cases to grow beyond isolated networks.
The pilot set up an automated processing framework that enabled seamless transactions of funds without fully migrating to on-chain payments. Chainlink’s platform helped the different parties coordinate and automate basic stipulations of the transactions, such as the issuance and burning of tokens of the funds. It is now up to see how all these events will ipact Chainlink price.
Swift was also collaborating with UBS Asset Management and SBI Digital Markets to develop a mechanism for digital subscription and redemption in tokenized funds. This trial demonstrated how Swift can securely connect financial institutions to multiple blockchains while leveraging its infrastructure and knowledge base.
Chainlink Powers TRON’s $6.5B DeFi Ecosystem Recently, TRON founder Justin Sun announced that his company has joined Chainlink SCALE, with an immediate declaration of Chainlink Data Feeds as the official oracle for the TRON Foundation.
The strategic partnership is designed to secure more than $ 6.5 billion of DeFi’s Total Value Locked on TRON through the use of Chainlink’s robust infrastructure. It further allows new opportunities to emerge for TRON’s $60 billion ecosystem comprising stablecoins and real-world assets, while solidifying TRON’s position in the DeFi space.
Recently, Chainlink’s price crashed below a pivotal support level on the weekly chart, which opens up possibilities for a 45% crash. This comes after LINK reached a 50-month low against Bitcoin, making investors increasingly wary of another bottom. Although its fundamental analysis has been going great, Chainlink price has failed to hold its position, with a slight uptick of 1% in the last 24 hours, trading at $10.65.
Telegram tap-to-earn combat game MemeFi has delayed its airdrop date yet again, pushing back its final snapshot of player activity as the team prepares for the Sui token launch.
In a Telegram community post, the game’s team blamed remaining work to be completed for the token listing on the “developer and legal side.” This is the second formal delay for the token launch, which was originally dated for October 9 and later moved to November 12.
MemeFi is a tap-to-earn game that sees players fight against meme-inspired enemies by tapping the screen, earning coins in the process. As with most games in this genre, all in-game progress goes towards earning players a larger share of the project’s future token airdrop.
Late Tuesday, the Telegram game announced that its token would be listed on OKX on November 22, followed by an airdrop to eligible players. With this revised airdrop date, MemeFi has also pushed the final snapshot back to November 15, so players have more time to play the game and attempt to earn more tokens.
“The 10-day shift in the timeline is there as we're still preparing for the listings on the dev and legal side,” the announcement said. It also promised that this will be the “final listing timeline.”
Originally intended to launch on October 9, the token launch was delayed amid apparent behind-the-scenes movements. Then on October 25, MemeFi announced that it would be launching on layer-1 network Sui rather than the originally planned Ethereum layer-2 scaling network Linea, with the launch shifted to November 12
For now, the only exchange confirmed to list the token is OKX. More details regarding the listing and other exchanges are expected to be announced in the coming days.
Exchange OKX opened pre-market trading for MEMEFI on October 25. At the time of writing, MEMEFI is being traded for $0.007493 on the platform. Pre-market trading allows users to speculate on the eventual price of a token before it has launched—and very often it is wrong.
MemeFi is one of many Telegram gaming projects to release a token this year. Notcoin, the game that kickstarted the tap-to-earn craze, saw the most success with its token on The Open Network (TON) peaking at a market cap of $2.97 billion.
Hamster Kombat’s token launch was not as successful, however, despite its significantly larger player base. Peaking at a market cap of $646.3 million, the token swiftly crashed as user interest started to wane.
Tap-to-earn games often look to reinvent their gameplay loop to keep players interested, but we’re yet to see a project nail the transition. Notcoin, for example, has partnered with other projects such as Flappy Bird, but has yet to recreate the original buzz around its model.
Jack Booth, the co-founder of TON Society—the organization focused on TON community operations—recently told Decrypt that tap-to-earn should be seen as a launch strategy rather than a genre itself. Projects that are garnering hundreds of millions of players should use that as a platform to release a product, he believes—not simply continue the repetitive tapping loop.
Edited by Andrew Hayward
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RabBitcoin $60,761 (RBTC) is a mobile game that combines the excitement of tap-to-earn gameplay with the rewards of a cryptocurrency-based system. In a tap-to-earn game, players typically touch the screen to perform actions that help them progress through the game. RabBitcoin takes this familiar concept and adds an innovative touch by integrating a cryptocurrency system that allows players to earn real digital rewards.
What is RabBitcoin?In RabBitcoin, players train and develop their digital rabbits to accumulate points. These points are not just scores; they translate into cryptocurrency rewards and in-game advantages. The goal is to collect as many points as possible, enabling players to level up their rabbits and unlock new features and rewards.
RabBitcoin claims to combine various game mechanics and features to create an engaging experience. The core mechanic of RabBitcoin is point collection, where players earn points by tapping the screen. Each tap helps gather points that can be used to enhance their rabbits’ abilities and progress in the game.
How Does RabBitcoin Work?RabBitcoin regularly introduces new features and challenges to keep the game fresh and engaging:
Wallet Connection: This allows players to link their cryptocurrency wallets directly within the game, simplifying reward management and tracking earnings.SuperSet: A daily challenge where players find mystery cards to earn rewards. The first player to find the cards wins a TON token and millions of tokens in-game.Enigma: A password challenge that requires players to arrange words correctly to earn TON tokens and points. This feature tests players’ quick thinking and problem-solving skills.Streak Days: A feature that rewards players for daily gameplay. The longer the streak, the higher the rewards, making daily play more rewarding.Content Creator Challenge: Encourages players to create and share content related to RabBitcoin, with high-quality content earning significant rewards and fostering community creativity.RBTC is the native cryptocurrency of the RabBitcoin game. As of the time of writing, RBTC is trading at $0.000004142, according to CoinMarketCap data, with a market capitalization of $30.8 million, ranking RBTC at 708 among cryptocurrencies.
Like any cryptocurrency, RBTC can be purchased through exchanges. Notable exchanges featuring this cryptocurrency include Bitget, Kucoin, Gate, and MEXC.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
In the current crypto market, Aave (AAVE), Arbitrum (ARB), and BlockDAG are making impressive headway. Aave is on the brink of a potential surge to $220, while Arbitrum faces uncertain market sentiment despite a rise in DeFi activity.
Amidst these developments, BlockDAG (BDAG) grabs the spotlight, with its TG Tap Miner enchanting over 71,000 active users and stoking demand for BDAG coins.
BlockDAG’s presale has been a whirlwind, securing over $115 million and quickly establishing itself as a titan in the crypto arena, filled with prospects for enthusiasts and participants alike.
Will AAVE Price Hit $220? Aave (AAVE) is primed for a significant uptick, with predictions suggesting a climb to $220 inspired by a bullish pennant pattern—a harbinger of potential breakouts. AAVE is performing well, maintaining positions above both the 100-day and 200-day EMAs, reinforcing an optimistic projection.
Despite a recent fallback to $142.31 under bearish influences, AAVE maintains a strong baseline trend with crucial resistance at $170. Breaking past this threshold could set AAVE on a course for $200, potentially reaching up to $220 as buying fervor mounts, positioning AAVE for a notable ascent.
ARB’s Mixed Messages Amidst a Vibrant DeFi Scene Arbitrum (ARB) exhibits mixed signals, with the market leaning towards a downturn despite bullish DeFi indicators. The adverse long/short ratio contrasts sharply with Arbitrum’s Total Value Locked (TVL), which has soared to a one-month high of $2.45 billion.
Although ARB’s price dropped by 11% last month, it rebounded sharply from $0.49 to $0.56 and is currently trading at $0.551. As ARB’s TVL increases and trading volumes grow across exchanges, burgeoning interest in its DeFi projects may support a recovery. If ARB can overcome the $0.57 resistance, it might pave the way toward $0.62.
BlockDAG’s TG Tap Miner Explodes to Over 71,000 Active Users BlockDAG is leading again in the crypto market, drawing widespread attention with the smashing success of its TG Tap Miner. Now celebrating more than 71,000 active users, BlockDAG has clearly positioned itself as a leading force in the crypto arena, offering enticing rewards and significant growth potential.
Users rack up Tap Points in this interactive platform, which they can exchange for BDAG coins, plus a bonus of 4,000 Tap Points for each referral they make. Thanks to its compelling rewards and community-centric mining approach, BlockDAG is seeing a surge in demand, quickly surpassing other projects like Aave and Arbitrum.
The project’s presale has been nothing short of stellar, pulling in over $115 million and distributing over 15 billion coins, showcasing deep market trust in BlockDAG’s potential. At present, in its 25th batch, BDAG coins are valued at $0.022, offering early participants an astounding 2100% ROI from the first batch.
As Mainnet development nears completion, BlockDAG continues to draw a loyal crowd, ready to engage with the next major crypto wave. With its dynamic growth and lucrative features like the TG Tap Miner, BlockDAG is proving to be a prime choice for crypto enthusiasts.
As Aave and Arbitrum advance, BlockDAG remains at the forefront with its modern technology and engaging reward system, solidifying its status as the go-to project as market demand escalates.
Final Analysis for Top Crypto to Pick in 2024 This week in crypto, Aave, Arbitrum, and BlockDAG each offer unique prospects and hurdles. Aave is on the brink of a breakthrough, potentially reaching $220, while Arbitrum faces uncertain market reactions despite a DeFi upswing.
Yet, BlockDAG steals the spotlight with a presale that has rocketed to $115 million and interactive, game-based incentives. The TG Tap Miner alone has rallied over 71,000 active users, demonstrating the project’s dedication to enriching its community through interactive rewards. For anyone keen on the cutting edge of crypto mining, missing out on BlockDAG is not an option
SonicX, a tap-to-earn game launched on TikTok, has passed the milestone of 1 million players just a month after its debut, developer Sonic SVM told Decrypt on Monday. Now, the team is eyeing up its token launch date.
Previously, the tap-to-earn genre was siloed on Telegram due to the messaging platform's seamless ability to launch mini apps, along with native wallet integration via The Open Network (TON). However, Solana-based project Sonic SVM figured out a way to create this type of game on TikTok, as previously covered on Decrypt's GG, opening up the genre to a whole new audience.
SonicX, the first such game, sees players tap away at their smartphone screens to earn in-game points via a mini app that launches within the TikTok app. It features artwork that is very similar to classic video game Sonic The Hedgehog, but has no official affiliation with Sega.
Over the month since it has launched, the game has expanded its player base by pushing out advertising to potential new users—a major factor in hitting this recent milestone.
The team shared internal documents and figures with Decrypt that show that SonicX has reached millions of views across numerous TikTok advertising efforts—a portion of which has converted to active users. Decrypt also viewed SonicX’s Google Analytics and internal analytics data, both of which align with the player numbers reported by the developers.
The team has yet to officially state that an airdrop is tied to in-game progress. That said, Sonic SVM confirmed that a token generation event (TGE) is on the way.
“SonicX will continue to be in the mining phase until our TGE—aimed for Q4 2024, or Q1 2025 latest,” Chris Zhu, the co-founder and CEO of Sonic SVM, told Decrypt. “That said, the mining will continue with a differentiated reward mechanism post-TGE.”
The “mining phase” is typically used to describe the period where tap-to-earn games track player progress and account for it in the upcoming airdrop. When the mining phase ends, this usually means that player data is being recorded via a snapshot, and that eligible players will be rewarded with tokens via an airdrop.
While 1 million players is nothing to scoff at, it still pales in comparison to the 300 million players that Hamster Kombat reportedly gained on Telegram earlier this year. But Zhu believes that SonicX’s users could be of a “higher quality” due to know your customer (KYC) requirements.
“TikTok users require phone numbers and identity verification for KYC, while products on Telegram don’t,” Zhu explained. “[This is] effectively bringing higher quality registration into Solana and Sonic.”
Interest in Hamster Kombat has started to wane following the game’s airdrop, and it’s not the only Telegram game to struggle with retaining users after handing out rewards.
SonicX aims to avoid this by using the TikTok app as an “app layer” for other projects to integrate into. Telegram tap-to-earn project Notcoin has employed a similar strategy, partnering with other projects (like Flappy Bird) to expand its offerings.
“Hamster Kombat is a single game that garnered a lot of traction in a short period of time,” Zhu told Decrypt. “We are building SonicX as an ‘app layer,’ meaning we're not only having users play our game, but also enable other games to use SonicX as a distribution platform.”
Edited by Andrew Hayward
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Telegram tap-to-earn game MemeFi is gearing up to launch its token after multiple delays and a shift to the Sui network. With two days left before the game takes a snapshot of player activity to determine token allocations, the developers have announced a last-chance opportunity for players to juice their share of the drop.
Ahead of the snapshot on Friday, November 15, MemeFi players can earn triple the rewards from partnered earning campaigns within the game. That includes tasks like playing games from other Telegram developers, signing up for an account at crypto exchange OKX, or following specific crypto-centric community channels on the messaging app.
None of these tasks tie into MemeFi’s core tap-to-earn fighting gameplay, which sees you pummeling various meme-inspired enemies on your smartphone or tablet. However, they have been a big part of the overall MemeFi experience for months now.
In fact, the promotions have increasingly taken up more and more of the game interface in recent weeks as MemeFi’s developers apparently pack the game with connections to other companies and projects. But right now, at least, the partner promos could give players a late boost ahead of the airdrop.
MemeFi plans to launch its token on Sui on November 22, following this week’s snapshot. Originally, the game was building on Ethereum layer-2 network Linea, but said in late October that it would shift to Sui instead and work closely with network creator Mysten Labs to onboard players to the layer-1 ecosystem.
Linea, interestingly, is now gearing up to launch its own token. On Wednesday, a new nonprofit Linea Foundation was established, with plans to debut a token and hold an airdrop for early users sometime in Q1 2025.
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BTC hits $93k ATH, driven by strong US demand. BTC market cap $1.6T, 7th biggest global asset. BTC spot buying outpaces futures despite OI ATH. FBI raids Polymarket CEO’s home. BTC miner outflows surge to $2.2bn. BTC can run to $500k: Bitwise. $180k BTC price target this cycle: VanEck. US BTC reserve still unlikely to pass: Galaxy CEO. Blackrock expands BUIDL to 5 new blockchains. Blackrock ETF assets increase $3bn in 5 days. ETH introduces new capability for smart contracts. Pro-crypto Thune becomes senate majority leader. Moonpay introduces zero-fee fiat onboarding. Coinbase becomes no.1 finance app. Tap-to-pay coming to Coinbase wallet. Cardano Foundation BTC holdings $100mn. Tesla BTC holdings exceed $1bn. China will relax crypto policy in 2 years: Hashkey. Linea reveals plan to launch token in 2025. Crypto influencer Mirshahi found dead.
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Telegram-based tap-to-earn games have emerged as a significant trend in the cryptocurrency world. These games offer entertaining platforms where users earn rewards through simple tasks. For instance, Hamster Kombat has reached millions of players and executed billions in transaction volume. A new player in this field, Major, stands out with its focus on social interaction.
Major’s Innovative StrategyUnlike other games, Major does not rely on repetitive taps. Instead, it presents players with social tasks such as inviting friends, completing surveys, and engaging in community events. Users who complete these tasks earn “Stars,” providing a more diverse and interactive experience.
Major’s own cryptocurrency, MAJOR token, will be distributed during a community-exclusive airdrop event on November 28. This marks a significant milestone for a community boasting over 30 million members. The tokens are set to be listed on the OKX exchange immediately after the event to ensure liquidity.
Tap-to-earn games attract millions of new users to the Web3 world, thanks to Telegram’s simple interface. Games like Hamster Kombat, Notcoin, and Catizen have achieved success in the sector. Major aims to differentiate itself with mini-games and daily puzzles that emphasize social interaction, allowing users to enjoy while becoming active community members.
The listing of MAJOR token on OKX will create new opportunities for the community. This development is a crucial step for the game’s long-term sustainability. This social interaction-driven structure may set a new trend in the cryptocurrency gaming sector.
Cryptocurrency-based games continue to grow, focusing on social interaction and community involvement. Major aims to carve out its niche in the sector by emphasizing user engagement. This innovative approach could serve as a crucial model for the future of cryptocurrency games.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The expected launch of REX-Osprey XTP ETF today and the anticipated approval of other XRP ETFs next month have boosted investors’ sentiment. However, XRP whales are betting against the ETF hype and continue to liquidate their holdings, on-chain data confirms.
Whales Offload 40 Million XRP: Santiment Big whales holding 10 million to 100 million XPP sold 40 million coins over the last 24 hours, according to Santiment data on September 12. Whales continue to liquidate their holdings worth millions in the last few weeks, maintaining their negative sentiment.
Whales XRP Coin Transactions. Source: Santiment The uncertainty surrounding spot XRP ETF approval by the U.S. SEC and muted trading volume have also delayed the much-needed XRP price rally. The SEC recently delayed the Franklin Templeton XRP ETF, one of the several ETFs in line for approval.
Moreover, Whale Order and Large Trades data on the K-line chart indicated massive sell orders above the 3.05 level in every spot and perpetual pairs at Binance, Coinbase, and OKX.
Also, whales have opened short positions between $3.3 and $3.6, which will make it difficult for bulls to continue upside despite the REX-Osprey XRP ETF launch today. The ETF may not witness enough demand from institutional investors, similar to REX-Osprey Solana + Staking ETF (SSK), which has recorded $205 million in total inflows since its launch last month.
Whale Order and Large Trades On-Chain Data Reveals Whale Flow Remains Negative Whale flows are still extremely negative as XRP faced renewed distribution pressure, similar to earlier this year. The ATH price top coincided with sustained whale distribution and a subsequent correction.
CryptoQuant’s XRP Whale Flow 30-DMA data signals extreme selling amid negative sentiment among XRP whales persists. This comes after more than 99% long-term holders were in profit, which triggered massive selloffs and caused XRP price to fall to $2.70 amid seasonality and market peak concerns.
Whale Flow 30DMA Source: CryptoQuant XRP price jumped more than 1% in the last 24 hours, with the price exchanging hands at $3.05. The intraday low and high were $2.98 and $3.07, respectively. Trading volume climbed over 40% in the last 24 hours.
Moreover, Coinglass data revealed total XRP futures open interest dropped in the last 4 hours, after climbing almost 4% to $8.65 billion in 24 hours. CME, Binance, OKX, and other exchanges recorded selloff by derivatives traders.
Streamr has announced the launch of the Streamr Network 1.0 mainnet, a landmark milestone that signifies the completion of the original 2017 roadmap. Streamr 1.0 introduces the full deployment of the DATA token incentive layer, transforming the network into a feature-complete, fully decentralized protocol run and operated by its users.
The culmination of over six years of research and development, three rounds of incentivized testnets and overcoming a technical hurdle that caused a last-minute launch abort, Streamr 1.0 means decentralized data broadcasting has arrived.
Key features of Streamr 1.0 Fully deployed tokenomics – The activation of the DATA token incentive layer means the Streamr Network can operate autonomously from the team as a neutral, fully decentralized messaging protocol. Introduction of new network roles – The peer-to-peer market forces between sponsors, operators and delegators are unlocked. Stream sponsorships – Sponsors create and fund stream sponsorships, and staked operators earn from them. These smart contracts manage the reward distribution among operators, who run nodes and help to relay the data inside it. Trackerless network architecture – The transition to a trackerless architecture, leveraging a globally DHT (distributed hash table) for enhanced efficiency and scalability. New benefits to node operators – With Streamr 1.0, it’s now possible to accept delegations and take a cut from the earnings, therefore allowing node operators the chance to earn more. Streamr 1.0 also brings other enhancements for node operators, including the removal of node limits per IP, immediate reward claiming from active sponsorships and other quality of life improvements. New use cases unlocked Streamr 1.0 sets the stage for exploring new use cases in areas such as DePIN (decentralized physical infrastructure networks), decentralized AI and decentralized video streaming.
Decentralized video streaming Streamr is exploring decentralized live video streaming, testing its capacity to deliver scalable and stable video feeds to viewers at scale.
By leveraging the network’s peer-to-peer protocol, Streamr can eliminate the reliance on centralized distribution points, allowing viewers to directly contribute to the broadcasting network as they consume the content, optimizing efficiency and scalability.
DePIN Streamr 1.0 enhances the capacity for DePINs to transition from centralized data pipelines to a fully decentralized array of contributors.
The network’s serverless, secure and scalable framework is ideal for broadcasting data from and between connected devices, moving DePINs toward a truly distributed architecture.
Decentralized AI The Streamr 1.0 milestone has the potential to transform AI by positioning Streamr as a neutral data layer, offering secure data streams for AI development, reliability and transparency.
With Streamr, AI models can interconnect, share insights, plug into real-time tuning data, live content distribution and collectively enhance their intelligence.
Integrating with a decentralized framework can provide a step toward ensuring AI operations are more open, verifiable and up-to-date.
These changes, alongside the exploration of new use cases, underscore Streamr’s commitment to pushing the boundaries of what’s possible in the realm of decentralized technologies.
About Streamr Streamr is building the real-time data protocol of the decentralized web.
This includes a scalable, low-latency and secure P2P network for data broadcasting, delivery and exchange.
As part of the vision, Streamr has built ‘The Hub’ – a DApp that champions open data to help DePin, AI and Web 3.0 builders decentralize their tech stack with real-time data flows.
The Streamr project was started by real-time data veterans with backgrounds in algorithmic trading and finance markets.
ATOR Protocol, the crypto project that advances The Onion Router’s functionality via on-chain incentives, has announced a new collaboration. The company stated that it is going to collaborate with Streamr (a decentralized platform for data broadcasting) for the advancement of infrastructure.
Announcing a key infrastructure partnership with @Streamr
The Streamr Network is a data transfer #DePIN specialized in broadcasting streams of data to multiple subscribers. It is an excellent complement to ATOR's privacy network, with potential for
🔹Support for UDP based… pic.twitter.com/CiXQ6qWZWQ
— ANyONe Protocol (@AnyoneFDN) April 18, 2024 ATOR Protocol Starts a Crucial Collaboration with Streamr Network To reveal this development, the company took to the social media platform X. In a recent post, it disclosed that the Streamr operates as a data transaction DePIN. DePIN projects are based on blockchain technology and drive real-world hardware infrastructure. However, they conduct the respective operations in a decentralized manner. In addition to this, DePINs frequently utilize token reward mechanisms.
The purpose of the respective incentives is usually to assist develop their networks. In the case of Streamr, the DePIN effectively broadcasts data streams. In this way, the DePIN delivers the data to numerous subscribers. The project can potentially play the role of a remarkable complement to the privacy network of ATOR. Additionally, it has several potentials that can provide benefits to ATOR in general.
The Partnership Enhances Decentralization and Privacy These features include support for the applications from Streamr’s services and technology based on UDP. Apart from that, ATOR Protocol has also a plan to leverage the Operator Node discovery forum of Streamr. This makes the platform ready for the decentralization of the directory authorities. The respective feature of decentralization is quite attractive and may contribute to the further adoption of the platform.
Along with that, the partnership also offers a significant advantage when it comes to privacy. The collaboration enables the platform to improve its privacy along with some other related options. They take into account the privacy-as-a-service option to facilitate Streamr consumers. ATOR Protocol expressed its enthusiasm for operating with prominent builders to widen the utilization of its network for more decentralization.
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Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
PowerPod partners with Streamr marks a significant milestone in the quest for a greener and more interconnected electric vehicle (EV) travel network. By joining hands, they are working towards building solutions that streamline EV charging processes. In addition to this, it will enhance data sharing, and promote decentralized access to electric vehicle infrastructure.
⚡️Exciting times ahead for all⚡️
Our partnership with @Streamr is a big step towards a greener, more interconnected EV travel network. 🌿
We have started building solutions together for;
🚗 Real-time data sharing across the PowerPod Network
🗣️PowerPod node communication,… https://t.co/HKdxJMUDz8
— PowerPod (@PowerPod_People) May 1, 2024 PowerPod and Streamr Enable Real-Time Data Sharing for EV Charging Network The important step of the partnership is implementing real-time data sharing across PowerPod Network. The data sharing platform of Streamr will be used for PowerPod to achieve this. PowerPod wants to ensure a seamless communication and coordination among EV charging stations.
Moreover, the real-time data exchange will enhance the management of the PowerPod network efficiently. Hence it is going to make sure that maintains and facilitates optimal service to EV users. Additionally, PowerPod and Streamr agree to jointly establish privacy-focused products utilizing Zero-Knowledge Proof technologies. However, ZKProof will be used in the PowerPod solutions to make sure EV charging infrastructure addresses the privacy issue.
Therefore, it will reassure EV users that their EV data and physical bodies are not exposed to unauthorized access. Finally, partnership also spill over to the decentralized Public Infrastructure Nodes area. However, PowerPod solutions will be incorporated with DePINs to foster decentralization of the network. It will ensure EV travel is simplified as well as enables all user access.
Streamr and PowerPod Forge Collaboration for Data Integrity Streamr’s platform offers transparency, scalability, and data integrity, which is also the DNA of PowerPod technology. The integration of PowerPod’s technology into Streamr’s platform means the alignment of the DNA of both companies. PowerPod will use Streamr’s capabilities to boost its tech stack. Additionally, it will allow PowerPod to decentralize its network as well as connectivity in real-time for EV users.
The integration will benefit PowerPod, Streamr, and the overall environment. The adoption of Streamr’s platforms will be boosted. The whole Streamr’s ecosystem will be better off with the inclusion of PowerPod. It will be the leader in data-sharing solutions in emerging technology, such as the EV.
Finally, their partnership means a lot to the ecosystem. PowerPod and Streamr are revolutionizing the entire EV traveling network by making it more efficient, interconnected, and accessible to everyone. In short, they are investing in a clean and green future for coming generations.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Streamr, the decentralized real-time data network, and JDI, a manufacturing leader and venture capital in decentralized physical infrastructure networks (DePIN), are teaming up to transform home-based mining through the launch of the Terminal Multi-Miner. This new mining device combines multi-token mining capabilities with decentralized protocol participation, providing a new way for users to engage with DePIN and the decentralized economy from the comfort of their homes.
Terminal Multi-Miner: a new gateway to home-based mining
The Terminal Multi-Miner from JDI supports multiple cryptocurrencies, including $DATA, $ANYONE, and other projects that are added through future updates. Its modular “mining lego” framework allows users to customize their setups for efficiency and flexibility, creating a straightforward way to engage with DePIN.
Terminal T2: A powerful multi-miner designed for seamless multi-token mining, supporting $DATA and other tokens.
The Terminal T2 model, scheduled for launch in Q1 2025, will enable seamless multi-token mining, featuring integration with projects such as the Streamr Network. With Terminal T2, users can receive $DATA while contributing to the Streamr protocol, simplifying participation in the ecosystem.
New accessibility in DePIN
The Terminal Multi-Miner is designed with everyday users in mind to make advanced crypto-mining technology more accessible. Its plug-and-play functionality is designed to lower technical barriers and allow more individuals to participate in DePIN and crypto mining.
“We have been fans of Streamr tech for some time, especially their severless capability—and we are excited to explore how we will leverage this against multiple data propagation use cases across the Terminal Multi-Miner Network” said Yiming Wang, Founder of JDI. “Together, Terminal and Streamr will deliver a unique, user-centric mining experience for Web3.”
Engaging with the Streamr Network and mining $DATA
The $DATA token of the Streamr Network plays a key role in the Terminal Multi-Miner. As one of the mining options available, $DATA allows users to actively participate in the Streamr Network by becoming nodes that support its peer-to-peer data broadcasting infrastructure.
“Our collaboration with JDI and Terminal represents an important step forward for DePIN and decentralized data networks,” said Matthew Fontana, CEO of Streamr. “By providing a simple, accessible way to participate in Streamr and other Web3 protocols, we’re helping to make DePIN more decentralized and scalable, critical for ensuring its long-term success.”
A partnership built on expertise
JDI, with a strong track record in hardware manufacturing for decentralized networks, has supported communities like DIMO and Helium, deploying over 500,000 devices. Streamr, a ‘DePIN original’ founded in 2017, complements this expertise with its scalable P2P infrastructure and tools, which has been trusted by more than 20 DePIN projects, including Flux, Arkreen, and Minima.
The Terminal Multi-Miner is just the beginning of what Streamr and JDI aim to achieve together in making DePIN a mainstream reality.
About Streamr
Streamr is building the real-time data protocol for the decentralized web. Its scalable, low-latency and secure P2P Network enables data broadcasting and monetization at scale. By powering applications for DePIN projects and beyond, Streamr aims to decentralize data pipelines and create new opportunities for data-driven innovation. To learn more, users can visit streamr.network.
About JDI Global Group Limited
Founded in 2016, JDI is a manufacturing and venture capital leader specializing in decentralized physical infrastructure networks. With investments in projects like Grass, Ator, and Geodnet, and hardware for networks like DIMO and Helium, JDI is shaping the future of Web3 and decentralized wireless networks. To learn more, users can visit jdiglobal.xyz.
Streamr, the decentralized real-time data network, and JDI, a manufacturing leader and venture capital in decentralized physical infrastructure networks (DePIN), are teaming up to transform home-based mining through the launch of the Terminal Multi-Miner. This new mining device combines multi-token mining capabilities with decentralized protocol participation, providing a new way for users to engage with DePIN and the decentralized economy from the comfort of their homes.
Terminal Multi-Miner: a new gateway to home-based mining
The Terminal Multi-Miner from JDI supports multiple cryptocurrencies, including $DATA, $ANYONE, and other projects that are added through future updates. Its modular “mining lego” framework allows users to customize their setups for efficiency and flexibility, creating a straightforward way to engage with DePIN.
Terminal T2: A powerful multi-miner designed for seamless multi-token mining, supporting $DATA and other tokens.
The Terminal T2 model, scheduled for launch in Q1 2025, will enable seamless multi-token mining, featuring integration with projects such as the Streamr Network. With Terminal T2, users can receive $DATA while contributing to the Streamr protocol, simplifying participation in the ecosystem.
New accessibility in DePIN
The Terminal Multi-Miner is designed with everyday users in mind to make advanced crypto-mining technology more accessible. Its plug-and-play functionality is designed to lower technical barriers and allow more individuals to participate in DePIN and crypto mining.
“We have been fans of Streamr tech for some time, especially their severless capability—and we are excited to explore how we will leverage this against multiple data propagation use cases across the Terminal Multi-Miner Network” said Yiming Wang, Founder of JDI. “Together, Terminal and Streamr will deliver a unique, user-centric mining experience for Web3.”
Engaging with the Streamr Network and mining $DATA
The $DATA token of the Streamr Network plays a key role in the Terminal Multi-Miner. As one of the mining options available, $DATA allows users to actively participate in the Streamr Network by becoming nodes that support its peer-to-peer data broadcasting infrastructure.
“Our collaboration with JDI and Terminal represents an important step forward for DePIN and decentralized data networks,” said Matthew Fontana, CEO of Streamr. “By providing a simple, accessible way to participate in Streamr and other Web3 protocols, we’re helping to make DePIN more decentralized and scalable, critical for ensuring its long-term success.”
A partnership built on expertise
JDI, with a strong track record in hardware manufacturing for decentralized networks, has supported communities like DIMO and Helium, deploying over 500,000 devices. Streamr, a ‘DePIN original’ founded in 2017, complements this expertise with its scalable P2P infrastructure and tools, which has been trusted by more than 20 DePIN projects, including Flux, Arkreen, and Minima.
The Terminal Multi-Miner is just the beginning of what Streamr and JDI aim to achieve together in making DePIN a mainstream reality.
About Streamr
Streamr is building the real-time data protocol for the decentralized web. Its scalable, low-latency and secure P2P Network enables data broadcasting and monetization at scale. By powering applications for DePIN projects and beyond, Streamr aims to decentralize data pipelines and create new opportunities for data-driven innovation. To learn more, users can visit streamr.network.
About JDI Global Group Limited
Founded in 2016, JDI is a manufacturing and venture capital leader specializing in decentralized physical infrastructure networks. With investments in projects like Grass, Ator, and Geodnet, and hardware for networks like DIMO and Helium, JDI is shaping the future of Web3 and decentralized wireless networks. To learn more, users can visit jdiglobal.xyz.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
[PRESS RELEASE – Zug, Switzerland, December 3rd, 2024]
Streamr, the decentralized real-time data network, and JDI, a manufacturing leader and venture capital in decentralized physical infrastructure networks (DePIN), are teaming up to transform home-based mining through the launch of the Terminal Multi-Miner. This new mining device combines multi-token mining capabilities with decentralized protocol participation, providing a new way for users to engage with DePIN and the decentralized economy from the comfort of their homes.
Terminal Multi-Miner: a new gateway to home-based mining
The Terminal Multi-Miner from JDI supports multiple cryptocurrencies, including $DATA, $ANYONE, and other projects that are added through future updates. Its modular “mining lego” framework allows users to customize their setups for efficiency and flexibility, creating a straightforward way to engage with DePIN.
Terminal T2: A powerful multi-miner designed for seamless multi-token mining, supporting $DATA and other tokens.
The Terminal T2 model, scheduled for launch in Q1 2025, will enable seamless multi-token mining, featuring integration with projects such as the Streamr Network. With Terminal T2, users can receive $DATA while contributing to the Streamr protocol, simplifying participation in the ecosystem.
New accessibility in DePIN
The Terminal Multi-Miner is designed with everyday users in mind to make advanced crypto-mining technology more accessible. Its plug-and-play functionality is designed to lower technical barriers and allow more individuals to participate in DePIN and crypto mining.
“We have been fans of Streamr tech for some time, especially their severless capability—and we are excited to explore how we will leverage this against multiple data propagation use cases across the Terminal Multi-Miner Network” said Yiming Wang, Founder of JDI. “Together, Terminal and Streamr will deliver a unique, user-centric mining experience for Web3.”
Engaging with the Streamr Network and mining $DATA
The $DATA token of the Streamr Network plays a key role in the Terminal Multi-Miner. As one of the mining options available, $DATA allows users to actively participate in the Streamr Network by becoming nodes that support its peer-to-peer data broadcasting infrastructure.
“Our collaboration with JDI and Terminal represents an important step forward for DePIN and decentralized data networks,” said Matthew Fontana, CEO of Streamr. “By providing a simple, accessible way to participate in Streamr and other Web3 protocols, we’re helping to make DePIN more decentralized and scalable, critical for ensuring its long-term success.”
A partnership built on expertise
JDI, with a strong track record in hardware manufacturing for decentralized networks, has supported communities like DIMO and Helium, deploying over 500,000 devices. Streamr, a ‘DePIN original’ founded in 2017, complements this expertise with its scalable P2P infrastructure and tools, which has been trusted by more than 20 DePIN projects, including Flux, Arkreen, and Minima.
The Terminal Multi-Miner is just the beginning of what Streamr and JDI aim to achieve together in making DePIN a mainstream reality.
About Streamr
Streamr is building the real-time data protocol for the decentralized web. Its scalable, low-latency and secure P2P Network enables data broadcasting and monetization at scale. By powering applications for DePIN projects and beyond, Streamr aims to decentralize data pipelines and create new opportunities for data-driven innovation. To learn more, users can visit streamr.network.
About JDI Global Group Limited
Founded in 2016, JDI is a manufacturing and venture capital leader specializing in decentralized physical infrastructure networks. With investments in projects like Grass, Ator, and Geodnet, and hardware for networks like DIMO and Helium, JDI is shaping the future of Web3 and decentralized wireless networks. To learn more, users can visit jdiglobal.xyz.
Streamr, the decentralized real-time data network, and JDI, a manufacturing leader and venture capital in DePIN (decentralized physical infrastructure networks), are teaming up to transform home-based mining through the launch of the Terminal Multi-Miner. This new mining device combines multi-token mining capabilities with decentralized protocol participation, providing a new way for users to engage with DePIN and the decentralized economy from the comfort of their homes.
Terminal Multi-Miner – A new gateway to home-based mining The Terminal Multi-Miner from JDI supports multiple cryptocurrencies, including DATA, ANYONE and other projects that are added through future updates.
Its modular ‘mining lego’ framework allows users to customize their setups for efficiency and flexibility, creating a straightforward way to engage with DePIN.
Terminal T2 – a powerful multi-miner designed for seamless multi-token mining, supporting DATA and other tokens.
The Terminal T2 model, scheduled for launch in Q1 2025, will enable seamless multi-token mining, featuring integration with projects such as the Streamr Network.
With Terminal T2, users can receive DATA while contributing to the Streamr protocol, simplifying participation in the ecosystem.
New accessibility in DePIN The Terminal Multi-Miner is designed with everyday users in mind to make advanced crypto-mining technology more accessible.
Its plug-and-play functionality is designed to lower technical barriers and allow more individuals to participate in DePIN and crypto mining.
Yiming Wang, founder of JDI, said,
“We have been fans of Streamr tech for some time, especially their severless capability – and we are excited to explore how we will leverage this against multiple data propagation use cases across the Terminal Multi-Miner Network.
“Together, Terminal and Streamr will deliver a unique, user-centric mining experience for Web 3.0”
Engaging with the Streamr Network and mining DATA The DATA token of the Streamr Network plays a key role in the Terminal Multi-Miner.
As one of the mining options available, DATA allows users to actively participate in the Streamr Network by becoming nodes that support its peer-to-peer data broadcasting infrastructure.
Matthew Fontana, CEO of Streamr, said,
“Our collaboration with JDI and Terminal represents an important step forward for DePIN and decentralized data networks.
“By providing a simple, accessible way to participate in Streamr and other Web 3.0 protocols, we’re helping to make DePIN more decentralized and scalable – critical for ensuring its long-term success.”
A partnership built on expertise JDI, with a strong track record in hardware manufacturing for decentralized networks, has supported communities like DIMO and Helium, deploying over 500,000 devices.
Streamr, a ‘DePIN original,’ founded in 2017, complements this expertise with its scalable P2P (peer-to-peer) infrastructure and tools, which has been trusted by more than 20 DePIN projects, including Flux, Arkreen and Minima.
The Terminal Multi-Miner is just the beginning of what Streamr and JDI aim to achieve together in making DePIN a mainstream reality.
About Streamr Streamr is building the real-time data protocol for the decentralized web. Its scalable, low-latency and secure P2P network enables data broadcasting and monetization at scale.
By powering applications for DePIN projects and beyond, Streamr aims to decentralize data pipelines and create new opportunities for data-driven innovation.
To learn more, users can visit the website.
About JDI Global Group Limited Founded in 2016, JDI is a manufacturing and venture capital leader specializing in DePINs.
With investments in projects like Grass, Ator and Geodnet, and hardware for networks like DIMO and Helium, JDI is shaping the future of Web 3.0 and decentralized wireless networks.
To learn more, users can visit the website.
Contact Mark Little, chief commercial officer at Streamr
Note: This report covers the period between July 1st and September 30. Approximations are made if a transaction spans multiple quarters. Values are USD unless specified otherwise.
Table of Contents
A Message from the Streamr Governance CouncilKey achievementsProject financialsGovernance checkpoint projectionsProject expensesLocked/staked supplyNode OperatorsDATA Ecosystem fundGovernance updatesGitHub ActivityRisks and ChallengesA Message from the Streamr Governance CouncilAs Q3 draws to a close, the Streamr project continues to strengthen its resolve on its new go-to-market strategy on the application layer, meaning a growth focus on StreamrTV and its future versions. Despite ongoing macroeconomic headwinds, we’ve kept a steady course by working on meaningful advancements to both our infrastructure and application layers.
As part of the strategic shift to focus Streamr’s efforts on the application layer, the project is transitioning its operational leadership to maximally support this new direction. The Project Council has nominated Mark Little to take over as the project’s lead executive and CEO. The change enables him to bring his commercial leadership, partnership experience, and entrepreneurial mindset to the forefront as we double down on go-to-market execution.
Alongside Mark, Petri Savolainen is nominated as the new CTO, leveraging his deep technical expertise as the long-time architect of both the Streamr Network and StreamrTV. The previous operative leads Matthew and Eric will be departing the project. As before, the co-founders Henri and Nikke will continue to work on the project on a daily basis, working hands-on closely with Mark and Petri, ensuring continuity and alignment with the project’s strategy and long-term vision.
Key achievementsDeveloped a notable increment of features for StreamrTV:Launched the first payment rails for StreamrTV. Anyone can sign up as a Merchant, enabling them to receive proceedings from tipping-like purchases called Super Balloons. Broadcasters can choose one or more Merchants (including themselves) to be available on their shows. This not only enables broadcasters to monetize their content, but also charitable use cases whereby funds are collected to a third party organization.Added a chat sidebar, which enables the audience to communicate with the broadcaster and each other. Messages attached to purchases become sticky in the chat, incentivizing payments through added visibility.Broadcasters can invoke public or private recording of the broadcasts. Additionally, a list of previous public recordings appears for viewers joining the broadcast link late or early, when there is no live broadcast. This improves the user experience and boosts the visibility of prior content. (Note: at the time of writing, the recording feature is being finalized and slated for an early Q4 release)Network scaling tests confirmed the protocol’s ability to perform reliably across thousands of nodes in 17 global regions. This was published as a two-part technical deep-dive: Part 1, Part 2The Autostaker tool was developed to automate staking decisions for Operators—lowering the barrier to participation, reducing manual rebalancing, and optimizing APY in a gas-efficient way.Project financialsApproximately 7.5M DATA tokens were minted and distributed to community Node Operators.$442,689 USD was raised from the sale of 27,301,618 minted DATA tokens at an average price of $0.0162 per token for project development and growth.824,234 DATA tokens generated in network protocol fees this quarter.https://polygonscan.com/address/0x63f74A64fd334122aB5D29760C6E72Fb4b752208 At the end of Q3 the project’s cash reserve was approximately $440,000 USD. This is down from $535,000* in Q2. In both Q2 and Q3, some cash was spent to minimize downward pressure on the DATA token during unfavourable market conditions.From the previous governance checkpoint (SIP-22), 30 million DATA tokens remain for project expenses before triggering the next governance checkpoint.* Note that the Q2 cash balance was originally incorrectly reported and subsequently corrected.
Governance checkpoint projectionsEach unlock from the project’s unminted token reserve is structured to conclude with a governance checkpoint, providing token holders with a regular opportunity to assess progress and align future funding decisions with project milestones. These checkpoints will trigger a vote (Streamr Improvement Proposal) to unlock the next batch of tokens for the core team to develop and market the Streamr project. Voting typically happens a few months before the current funding package completes.
By tracking our average monthly spend against the DATA token price, we estimate that the next funding package SIP will arrive in December 2025. This is moved slightly forward from the previous estimate of January 2026. Changes in the token price, team spending, and utilization of the project’s cash reserves can extend or contract the timeline.
Project expensesThe overall spending in Q3 was $499k, notably down from the Q2 figure of $626k. This is largely due to changes made in Q2 to increase the team’s cost efficiency. Summer holidays also contribute to some savings in Q3. Costs in the admin category display an uptick due to certain annual expenses which were due in September.
The restructuring of the operational leadership removes some redundancy from the project’s management team, which will further liberate funds for either decreasing the burn further or reallocating the budget towards growth and marketing efforts. While the project burn has managed to adjust its burn to prevailing market conditions and funding, cost-efficiency remains one of our strategic focus areas in order to minimize token supply inflation and improve project sustainability.
Locked/staked supplyThe amount of locked tokens has grown slightly from 93M to 97M DATA representing a 4% increase in the amount of tokens locked in Stream Sponsorships from the start of the quarter to the end of the quarter.
DATA tokens staked on stream Sponsorships. Source: https://dune.com/streamr/dashboard
Node OperatorsApproximately 7.5M DATA tokens have been issued (approved in SIP-14) to node operators this quarter through Streamr Sponsorships to help secure the streaming network.
Issuance
eventIssuance
start dateIssuance duration (days)Issuance rate (DATA/day)Total
Issuance (DATA)192025-06-2633757582500000202025-07-2833757582500000212025-08-2933757582500000Active (staked) node operators were 181 at the start of the quarter, dropping to 175 by the end of the quarter – a 3% drop.
DATA Ecosystem fundThe Data Fund offers grants to projects and individuals to build with Streamr and contribute to its goals. Fund balance: 11,226,620 DATA.
No payments were made from the Data Fund during this reporting period.
Governance updatesThere were no proposals in this quarter. The next funding checkpoint proposal is expected in December 2025.
GitHub ActivityThe development focus at the moment is on StreamrTV, which involves some non-public code repositories. For visibility into the non-public work, we are adding this new section to these transparency reports to display the development activity surrounding private repositories. (Note that the decision whether to open source StreamrTV should be made by the community in due course).
The heaviest development activity is currently in the repositories streamrtv, which is a monorepo containing the various modules of the StreamrTV application, and streamrtv-recorder, which contains the cloud backend for producing recordings of broadcasts. There is also ongoing development in the public network repository, which contains the main code of the Streamr Network, such as the Streamr Node and Streamr SDK.
Risks and ChallengesAdoption
Following the MVP1 launch of StreamrTV at the end of Q2, in Q3 we focussed on bringing in our first users from both Web3 and Web2 communities. Product analytics are now providing early insights into how the platform is being used and who is using it, enabling data-driven improvements. Following the recent launch of MVP2, we will continue testing across these user cohorts over the coming quarter – to understand where meaningful traction is developing. This measured, analytical approach allows us to better assess the market opportunity before committing significant resources. By the end of Q4 we aim to make a decision with respect to the lead value proposition(s) for StreamrTV.
Technical challenges
There were no hard technical challenges faced during Q3. StreamrTV is a complex system that integrates with third parties such as Stripe for payment processing and Amazon AWS for cloud storage of videos. StreamrTV is also a consumer-facing web application that needs to work on various browsers on various hardware platforms. The main soft technical challenge faced during Q3 arose from managing this complexity, but we have been able to overcome this challenge by improving our software development processes.
We foresee that the main technical challenge to be faced during Q4 will be the implementation of many-to-many video streaming in the StreamrTV core. However, we are confident that this challenge should not prove too difficult to overcome as StreamrTV technology has been designed with many-to-many streaming in mind from the beginning, and the core team has past experience of implementing similar systems.
Security vulnerabilities or incidents
There have been no consequential security incidents.
Legal or regulatory updates
There have been no consequential legal or regulatory incidences.
If you have any questions about this transparency report, feel free to ask in the governance channel on the Streamr Discord.
A New Chapter for StreamrGrowing demand for Privacy and Security solutionsFocused Execution Will Lead to Long-Term $DATA Utility and DemandCommunity at the CoreKey DatesLooking AheadA New Chapter for StreamrMark Little — 25th November 2025
As Streamr enters a new chapter, it’s worth returning to first principles. Web3 was founded on a simple premise: that its technology will empower people, not corporations. Users should own their data, protect their privacy, and control their digital lives.
In my opinion, Streamr Network is unparalleled in its ability, and as one of the most advanced peer-to-peer networks in existence today — has a clear role to play within the context of secure and private video streaming.
As such, we will launch the Streamr Beta in early 2026 — a highly secure, highly scalable video-conferencing app built for the security challenges of the coming decade. To put it plainly: Streamr Beta makes it extraordinarily difficult for bad actors to infiltrate, observe, or disrupt your private meetings.
Over the past year, we’ve made fast, focussed progress. We shipped MVP1 and MVP2, tested with early demand, and added core features such as chat, payments, and recordings.
The next step, which is being worked on now, is to deliver a multi-broadcast (aka ‘many-to-many’) video architecture — designed primarily for secure and private video conferencing.
We are renaming StreamrTV to just Streamr, whereas the P2P protocol underneath will continue to be called Streamr Network.
With the transition from StreamrTV to Streamr, we’re preparing to launch the beta version of Streamr in the new year — a major milestone for the project.
As we move Streamr (the product) decisively into the digital security space — we are not moving away from the Streamr Network (the protocol) or the $DATA token; on the contrary, we are doubling down on them.
Our goal is simple: drive real usage and demand, strengthen long-term utility for the community and token ecosystem.
Growing demand for Privacy and Security solutionsEarly testing shows a strong appetite for secure and private team communication and video conferencing platforms. The rise of platforms such as Signal and Proton — each now serving millions of privacy-conscious users — shows just how large and fast-growing this addressable market has become.
Recent headlines involving both Google Meet and Zoom highlight the problems clearly.
Organisations want confidential discussions to remain confidential. Individuals want assurance that their conversations are not harvested, analysed, or compromised. Concerns continue to be raised about how major platforms use personal data to fuel their AI systems. Most major platforms do not provide end-to-end encryption by default. This is an alarming fact given that end-to-end encryption is a ubiquitous technology.
Meanwhile, AI deepfake attacks are rising sharply, targeting business users across industries. Last year, for example, a UK engineering firm was tricked into transferring over £20m following an AI-generated video call. Many experienced Web3 users have also fallen victim to social engineering and identity attacks.
These risks make one thing clear: centralised communication systems, that require trust in the technology, are increasingly inadequate for modern security requirements.
Streamr Beta is designed for this new era — private, secure, built for individuals and teams:
Serverless, decentralized, and fully P2P by designQuantum resistant end-to-end encrypted (by default)Browser-based for maximum transparency and no-install adoptionSimple to use — without requiring any Web3 expertiseWe will launch the Beta in Q1 — and in doing so establish decentralized, trustless technology as the new benchmark for secure video conferencing in 2026 and beyond.
Focused Execution Will Lead to Long-Term $DATA Utility and DemandSince taking the helm, one of my top priorities has been reorganising the team to operate leaner, faster, and with sharper focus. Good progress has been made, but there is more to do — especially as we prepare for a growth-focused phase in 2026. Every dollar we spend must be tied directly to adoption and real-world utility.
We also need to be candid about the challenge: strengthening the utility and usage of the native $DATA token remains a priority. It is important for both the Council and myself, because long-term sustainability depends on strengthening network usage and $DATA utility.
Streamr Beta directly supports that mission, and as we monetise through both fiat and crypto revenues, these funds will strengthen the project’s sustainability, fuel continued network development, and reinforce the long-term utility and health of the $DATA ecosystem.
This makes the transition to a revenue-generating model essential. With Streamr Beta, we will introduce a paid subscription tier alongside the free offering, creating sustainable revenues that underpin the tokenomics and the $DATA token. The DePIN projects that are succeeding today have a clear link between revenue and token — and that alignment sits at the core of our approach going forwards.
More details will be shared in Q1 2026. But as I’ve said before, everything starts and ends with demand. Once adoption grows, the rest will follow.
The future of Streamr must be built with its community.
Across our DAO and wider ecosystem, there is immense experience and insight. To harness this better, we have formed a new Community Subcommittee, which I chair directly. Our first meeting on 12th November aligned scope, priorities, and ways of working.
This group will strengthen transparency, sharpen decision-making, and ensure that community expertise actively shapes our direction.
Key DatesTo share more details about our roadmap for the next 12 months, I’ll be hosting a live Q&A — streamed directly via Streamr — on:
The intent is to provide absolute clarity on the plan, status and deliverables as we invest the next round of funding.
The session will run for around 1–2 hours, followed by an open Q&A. For those that cannot make it, there will be a full transcript and video recording shared in Discord afterwards.
Looking AheadWe are entering an exciting new phase — one defined by focus, delivery, and collaboration. The next 12 months are about building demand, driving adoption, and securing Streamr’s place as the champion of private, secure, decentralised video communication.
With your participation and support, I’m confident we will achieve that goal — and much more.
Trader Maji was liquidated on his 25x leveraged long Ethereum position, incurring $1.9 million in losses, and subsequently opened a new position.
According to monitoring by OnchainLens, Stanley Huang, known as "Machi Big Brother" (@machibigbrother), has had his 25x leveraged long Ethereum (ETH) position fully liquidated, incurring a loss of approximately $1.9 million. Notably, he opened a new 25x leveraged long ETH position immediately after the liquidation. Machi Big Brother’s cumulative historical losses exceed $35.4 million.
3 minutes ago
Micron posted strong quarterly results, with its quarterly revenue and next-quarter outlook significantly exceeding market expectations. Its stock surged nearly 16% in after-hours trading, driving a broad rally across the storage sector.
According to its official financial report, Micron Technology (MU.O) reported Q3 fiscal 2026 revenue of $41.456 billion, beating market expectations of $35.423 billion and surging from $9.301 billion in the year-ago period. The company issued Q4 fiscal revenue guidance of $50 billion, against market expectations of $42.915 billion. Micron CEO Sanjay Mehrotra stated: "Micron’s record-breaking Q3 fiscal financial results and stronger Q4 outlook reflect the strategic value of memory chips in the AI era. We believe our multi-year strategic customer agreements will significantly enhance the durability and predictability of Micron’s strong financial performance." Micron’s Q3 report showed net profit of $28.24 billion, or $24.67 per share, up from $1.89 billion, or $1.68 per share, in the same period last year. Excluding certain one-time items, Micron reported adjusted earnings per share (EPS) of $25.11, exceeding analysts’ consensus estimate of $20.86. Driven by the quarterly revenue and outlook that topped expectations, as of press time, Micron jumped 15.95% in post-market trading on the U.S. stock market, also lifting other memory stocks sharply: Seagate (STX) rose 10.21%, Western Digital (WDC) gained 12.31%, and SanDisk (SNDK) surged 15.77%.
3 minutes ago
Kalshi is reportedly seeking a new round of financing, with its valuation potentially rising to $40 billion.
According to a report from the U.K.’s Financial Times, prediction market platform Kalshi is in discussions with investors for a new funding round targeting a roughly $40 billion valuation, with a potential close as early as the third quarter of this year. The development follows Kalshi’s $1 billion financing round completed last month, which valued the firm at $22 billion, with backers including leading institutions such as Coatue, Sequoia Capital, Andreessen Horowitz, and Morgan Stanley. Data shows Kalshi’s trading volume last month surpassed $17 billion, a sharp jump from less than $5 billion a year prior, with approximately 65% of that volume stemming from sports-related prediction contracts.
3 minutes ago
Polymarket integrates with Telegram via TON, enabling users to participate in prediction markets directly within the messaging app.
Polymarket has been integrated into Telegram via Predict, a native decentralized application (dApp) of the TON ecosystem. Developed by the Getgems team, the app allows users to directly participate in prediction markets covering sports, politics, cryptocurrency, culture and other sectors within Telegram. Transaction results are settled on-chain, and users retain full control over their assets. Users can participate in trades using USDT on the TON network, and pay a small amount of GRAM for gas fees. The cross-chain infrastructure is powered by STON.fi’s Omniston protocol, enabling the prediction market service to seamlessly integrate into the Telegram ecosystem.
3 minutes ago
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
3 minutes ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
PANews reported on January 9th that, according to a Binance announcement, starting from 16:00 (UTC+8) on January 16, 2026, Binance will cease supporting deposits and withdrawals of certain tokens on the following networks: Dar Open Network (D) through the Ethereum network, and Streamr (DATA) through the BNB Smart Chain and Polygon networks. After this date, deposits made through these networks will not be credited and may result in asset loss. Users can still deposit and withdraw these tokens through other networks supported by Binance.
Binance has announced a suspension of deposit and withdrawal services for certain altcoins over specific networks. This decision, shared by the exchange, aims to enhance asset security for users and mitigate risks associated with technical incompatibilities. The suspension will be limited to certain altcoin networks and will not affect all transactions of the concerned altcoins on Binance.
Which Altcoin Networks Will Be Discontinued?The announcement from Binance states that by January 16, 2026, 11:00 AM (TSI), support for deposits and withdrawals over certain networks for two altcoins will be discontinued. Specifically, the Dar Open Network (D) altcoin will no longer support transfers over the Ethereum network, and the Streamr (DATA) altcoin will cease to support transfers over the BNB Chain and Polygon networks. Post this date and time, any assets sent via these networks may not be credited, leading to potential permanent losses.
The exchange clarified that these restrictions apply only to transfers made over specific Blockchain networks and not to the altcoins themselves. Users can continue depositing and withdrawing these altcoins through other networks supported by Binance. This ensures that there is no interruption in trading, wallet transfers, or internal exchange transactions.
Binance management emphasized that users should verify their active networks before the changes take effect. It was highlighted that any transfers made with the wrong network configuration could be irrevocable, leading to technically unrecoverable outcomes.
Potential Impact and Warnings for UsersThe decision will significantly impact investors who actively use multiple network support. Users transferring Dar Open Network and Streamr coins via Ethereum, BNB Chain, or Polygon will need to switch to alternative network options. Binance reminded users that information on which networks continue to be supported is updated regularly in the wallet interface and official announcement channels.
Such network-based adjustments by Binance typically align with operational reasons like technical maintenance, liquidity management, or ecosystem compatibility. Ensuring the correct network selection before making transfers stands out as the most crucial step to minimize the risk of asset loss.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Note: This report covers the period between October 1st and December 31st. Approximations are made if a transaction spans multiple quarters. Values are in USD unless specified otherwise.
Table of Contents
A Message from the Streamr Governance CouncilKey achievementsProject financialsGovernance checkpoint projectionsProject expensesLocked/staked supplyNode OperatorsToken DisclosuresDATA Ecosystem fundGovernance updatesGitHub ActivityRisks and ChallengesA Message from the Streamr Governance CouncilThe year 2025 has been monumentally important for the project. Not only has the project unlocked a new chapter by shifting its focus from protocol infrastructure (which is now incredibly mature!) to the application layer, the project has also identified a path to sustainability and a go-to-market strategy revolving around live video streaming.
As part of the journey towards those goals, the project delivered an experimental application, StreamrTV, to test the technical concept as well as user interest in the wild. With learnings from that, the project has sharpened its product vision and is currently well on its way towards delivering privacy and security oriented, multi-broadcast (aka ‘many-to-many’) streaming in a new iteration of the video application, now to be known as just Streamr.
While the overall token markets have been deeply pessimistic throughout 2025, the project has so far been able to fund itself via the SIP-22 and SIP-24 token packages while simultaneously adjusting the burn rate and working towards unlocking revenue-based sustainability (i.e. moving away from token emissions), by the end of 2026 thanks to the mainstream video product.
Key achievementsQ4 saw us advancing the Streamr App towards a next-generation video conferencing solution for remote teams.Following internal evaluation and prototyping, the project aligned on video conferencing as the core use case for the Streamr App Beta.A working internal version was developed and tested during the period, providing the team with confidence in the technical feasibility and product direction.This represents the first successful implementation of ‘multi-broadcast’ live video streaming within the Streamr stack, marking a significant technical milestone and an important step forward for the project.Live video streaming integrated with Streamr Network tokenomicsLive video streams are now supported by the decentralised Streamr Network Operator nodes, that automatically join and support live video streams on Streamr App. In return, Operator Nodes earn DATA for supporting live video delivery, with staking and rewards handled via the AutoStaker system built in Q3.A new network graph view was introduced to visualise which Operators are connected to a given stream, improving transparency and observability of network participation.This integration represents a major architectural advancement, directly linking application-layer demand side with the network’s supply side of Operator nodes and DATA token incentives – key to supporting the token ecosystem over the long term.In addition, this architecture unlocks core Streamr Beta features; it enables privacy benefits through IP address obfuscation, improves resilience for video streaming under demanding network conditions, and supports bandwidth optimisation and efficiency.Implemented video recording functionality
A video recording feature was added, enabling broadcasts to be recorded and made available for later viewing. This improves the overall user experience and supports use cases where live participation is not possible, while increasing the long-term visibility and utility of streamed content.
Project financialsApproximately 7.5M DATA tokens were distributed to community Node Operators.$314,966.6 USD was raised from the sale of 39,078,781.1 DATA tokens at an average price of $0.00806 per token for project development and growth.401,003.3 DATA generated in network protocol fees this quarter.https://polygonscan.com/address/0x63f74A64fd334122aB5D29760C6E72Fb4b752208 At the end of Q4 the project’s cash reserve was approximately $490,000. This is up from the reported $440,000 in Q3. DATA selling remained cautious in Q4 due to the adverse markets and amounted to less than the expenses. This would have otherwise reduced the cash reserve, but there were also some corrections to earlier expense allocations in 2025, and the resulting total actually increased from the previous quarter’s reported amount, which didn’t include said corrections.Remaining tokens from the previous governance checkpoint (SIP-22) were depleted during the quarter, and a subsequent package (SIP-24) was granted, with around 91M DATA remaining at the end of the year.The circulating supply stands at around 1.3B DATA. The project’s token reserve is approximately 700M DATA. After deducting the reservations for SIP-23 and SIP-24, there remains 530M of unallocated DATA in the reserve, to be potentially allocated later via governance votes:Governance checkpoint projectionsEach unlock from the project’s token reserve is structured to conclude with a governance checkpoint, providing token holders with a regular opportunity to assess progress and align future funding decisions with project milestones. These checkpoints will trigger a vote (SIP, or Streamr Improvement Proposal) to unlock the next batch of tokens for the core team to develop and market the Streamr project.
By tracking our average monthly spend against the DATA token price, we estimate that the next funding package SIP will arrive in mid-2026. Changes in the token price, token liquidity, team spending, and the utilization of the project’s cash reserves can extend or contract the timeline.
Project expensesThe overall spending in Q4 was $532k, slightly up from the Q3 figure of $499k. This is largely due to summer holidays reducing the burn observed in Q3.
While the project has managed to adjust its burn to prevailing market conditions and funding, cost-efficiency remains one of our strategic focus areas in order to minimize token supply inflation and improve project sustainability. The project is targeting to further reduce the monthly burn to sub-$100k level by the end of Q1/2026.
Total project expenses in Q4/2025: $532,299 USD (average $177,433/month)
Locked/staked supplyThe amount of locked tokens has decreased slightly from 97M to 93.4M DATA representing a -3.7% change in the amount of tokens locked in Operators and Sponsorships from the start of the quarter to the end of the quarter.
DATA tokens staked on stream Sponsorships. Source: https://dune.com/streamr/dashboardNode OperatorsApproximately 7.5M DATA tokens have been issued (approved in SIP-14) to node operators this quarter through Streamr Sponsorships to help secure the streaming network.
Issuance
eventStart dateStatic sponsorships (DATA)Dynamic sponsorships (DATA)Total
Issuance (DATA)222025-10-032,300,000200,0002,500,000232025-11-052,300,000200,0002,500,000242025-12-082,000,000500,0002,500,000A growing allocation of operator rewards are distributed via dynamic sponsorships created by Streamr App/StreamrTV. They are shorter in duration and appear frequently, as they are created when users stream on the application. Operators can leverage the autostaker to automatically react to new sponsorships and capture rewards from dynamically generated sponsorships.
Active (staked) node operators were 175 at the start of the quarter, dropping to 159 by the end of the quarter – a 9% drop.
Token DisclosuresThe company Streamr Network AG owns 139,309,088 DATA. The company is owned and controlled by project founders and early investors.
While the company has the right to participate in governance voting just like any other token holder, since May 2021 the company has voluntarily abstained from voting to avoid dominating the votes and let smaller token holders’ voices be better heard.
DATA Ecosystem fundThe Data Fund supports projects and individuals in building with Streamr, as well as selected growth and marketing campaigns. Fund balance: 10.2M DATA.
DateDescriptionAmountTransaction hash 24 / 10 / 2025Growth support: contests, quick reaction promotions, influencer campaigns500,000 (DATA)https://etherscan.io/tx/0x8f6cfbde12e23706876ae52aec61fb726795d4db95b7fb97acf663078b012f85 20 / 11 / 2025Payment to Murat Dogan for node-datachannel one year sponsorship167,000 (DATAhttps://polygonscan.com/tx/0xb8d41a605a0d3261c1a387af04e66a0c36a9566f579db24ab5f4f68fac0c67d8 20 / 11 / 2025Growth support: contests, quick reaction promotions, influencer campaigns300,000 (DATA)https://polygonscan.com/tx/0xb2194481a357d9d849807a78e4520f19296cdf7f9229b6f3b538a4603dd63e6e This table provides an overview of key events. Amounts have been rounded, and minor details and internal transfers have been omitted for reporting practicality.Governance updatesThere were three governance proposals this quarter, two of which were approved by the token holders:
IDOutcomeDescriptionSIP-23RejectedA token incentive program for certain roles in the operational project leadership was proposed, where token bonuses are allocated from the reserve and unlocked if certain token price levels are reached. Many voters found room for improvement in the terms governing earning the bonuses, and the proposal was rejected. A subsequent, edited version was passed as SIP-23 (v2).SIP-23 (v2)ApprovedThis proposal set forth an improved version of the token incentive program first introduced as SIP-23. This version of the proposal had much wider backing from the community and was approved.SIP-24ApprovedThis proposal was a governance checkpoint, a funding checkpoint to check on project progress and set goals for the next chunk of funding. The decision allocated 100M DATA from the reserve to be spent towards developing the Streamr App Beta.GitHub ActivityThe development focus at the moment is on Streamr App, which involves some non-public code repositories. For visibility into the non-public work, we include this section to display the development activity surrounding private repositories.
The heaviest development activity is currently in the repository streamrtv, which is a monorepo containing the various modules of the Streamr App. There is also ongoing development in the network repository – which is public – containing the main code for components of the Streamr Network, such as the Streamr Node and Streamr SDK.
Risks and ChallengesAdoption
Following the launch of MVP2 in Q3, the focus in Q4 shifted towards a deeper assessment of the market opportunity for the Streamr App. This work combined analysis of Streamr’s core technology capabilities and early marketing data with broader research into market size, category dynamics, and the competitive landscape. The objective was to identify where the project can deliver clear and defensible differentiation.
Based on this analysis, the Council agreed to focus the Streamr App on next-generation video conferencing. The intended direction is a secure and privacy-preserving video communication platform capable of supporting multiple use cases, with privacy-conscious entrepreneurs and teams identified as the initial bullseye customer profile. Conceptually, this can be understood as a video conferencing “super app”, leveraging Streamr’s decentralised infrastructure to address limitations observed in existing products.
As a result of this strategic refocus, Q4 did not prioritise active adoption or growth initiatives. Instead, efforts were concentrated on building and refining a beta version of the product, as development transitions from one-to-many streaming (MVP2) to many-to-many communication in the Streamr App Beta. The beta launch is planned for March 1st 2026, at which point structured growth and go-to-market activities will commence.
Technical challenges
As foreseen in the Q3 transparency report, the main technical challenge faced during Q4 was the implementation of multi-broadcast video streaming in the Streamr App core. This challenge was successfully overcome, and we were able to develop a preliminary version of a Streamr-based teleconferencing web-app. The main technical challenge for Q1 of 2026 is making the app feature-complete and production-ready (bug-free, tested to work on all platforms).
Security vulnerabilities or incidents
There have been no consequential security incidents.
Legal or regulatory updates
There have been no consequential legal or regulatory incidences.
If you have any questions about this transparency report, feel free to ask in the governance channel on the Streamr Discord.
BiLira Kripto, one of Turkey’s largest crypto exchanges, recently integrated Ondo Finance’s USDY into its ecosystem. This integration aims to enhance the yield of tokenized US investments in Turkey.
BiLira has established itself as a major blockchain company driven by value in Turkey, providing various unique products. These include BiLira Kripto, an exchange that offers the best pricing and early access to the assets that are in the highest demand all over the world; BiLira TRYB, a stablecoin that is pegged to the Turkish Lira; and BiLira Direct, an on-ramp solution that streamlines the integration of fiat currency for partner applications.
The BiLira Kripto cryptocurrency exchange is a local cryptocurrency exchange that provides the Turkish ecosystem with deep liquidity, the best pricing, and a bridge to worldwide markets—the most liquid RFQ-type exchange in Turkey for market orders, with minimum fees and maximum convenience.
More About this Integration Between Ondo & BiLira Kripto Users can access Ondo Finance’s USDY, the permissionless yield token used by many users. This marks the first time that USDY is available on a Turkish exchange, which represents a significant milestone in the process of broadening access to tokenized US treasuries for the more than 10 million citizens of Turkey who utilize cryptocurrencies.
Today, customers in Turkey have the opportunity to obtain exposure to daily yield that is collateralized by US Treasuries. This is a significant step toward Ondo’s aim of making institutional-grade financial products and services accessible to all individuals.
In order to start accumulating daily yield, customers of BiLira Kripto can access USDY through the ‘Earn’ area of the BiLira Kripto app and website. Individuals can obtain USDY by using either USDT or TRYB. The holders of USDY immediately begin collecting an annual percentage yield (APY) of 5.05%, which is backed by US Treasuries.
Users are able to access the utility of stablecoins combined with yield and the institutional-grade investor protections of traditional finance through USDY, which currently offers a 5.05% annual percentage yield (APY) and has over 70 integrations across seven different blockchains (Ethereum, Aptos, Solana, Sui, Mantle, Mantra, and Cosmos via Noble). USDY has over 400 million dollars in total value of assets (TVL) and over 70 integrations over seven different blockchains.
Regarding the integration, Sinan Koç, co-founder & CEO of BiLira, said:
“We are excited to further our mission of expanding access to global crypto markets in Turkey by becoming the first exchange in the country to offer USDY. This offering provides investors with the unique opportunity to gain direct exposure to short-term US Treasuries, all within reach through BiLira Kripto. We are thrilled to introduce another powerful financial tool to empower Turkish investors.”
Lastly, this integration is a great advancement for investors in Turkey who want their hands on USDY and its benefits. It is the first time USDY has been listed on a Turkish exchange, so it carries a lot of potential for Turkish citizens.
AUTHOR
With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.
[PRESS RELEASE – London, United Kingdom, October 9th, 2024]
Stablecoin Standard’s newly introduced set of global standards receives endorsement from a number of stablecoin issuers, including GMO-Z.com Trust Company (‘GMO Trust’), StraitsX and BiLira, that offer G10 currencies including JPY, SGD, TRY & USD Standards also endorsed by top ecosystem participants including Fireblocks, Solana, Bitstamp, Zodia Markets and JST Digital Stablecoin Standard, the industry body for stablecoin issuers globally, today announced that their recently unveiled set of global standards for stablecoin issuers have been endorsed by some of the leading stablecoin issues and ecosystem participants in the industry. Among those who have endorsed are Archblock, BiLira, Bitstamp, GMO-Z.com Trust Company (‘GMO Trust’), JST Digital, Fireblocks, Solana Foundation, StraitsX and Zodia Markets, signaling a new era of cooperation and standardization within the stablecoin industry.
The standards, announced by Beth Haddock, Global Policy Lead at Stablecoin Standard, at the Annual Flagship Event in Singapore, were designed to promote operational resilience, transparency and consistent issuer commitments globally. Stablecoin Standard’s Policy Working Group created the high-level standards that are both general and actionable, while being sensitive to the innovation in the market.
Beth Haddock, Global Policy Lead at Stablecoin Standard, commented on the endorsements: “Their endorsement not only validates the rigor of our proposed framework but also underscores the importance of creating a stable, transparent, and resilient environment for digital currencies. This milestone, following discussions at our annual meeting, sets a strong foundation for the continued evolution of the ecosystem.”
The endorsement of the standards lays the groundwork for a stablecoin ecosystem that prioritizes transparency, security and consumer protection. With increased scrutiny from regulators and growing demand for digital assets, unified standards can provide clarity and assurance to both industry participants and the public. Stablecoin Standard’s new framework aims to accelerate the adoption of stablecoins by fostering greater confidence among consumers, regulators, and traditional financial institutions.
Ramy Soliman, Co-Founder of Stablecoin Standard, commented on the endorsements: “The endorsement of our global standards by leading stablecoin issuers such as, BiLira and ecosystem participants, including industry leaders like Solana, Zodia Markets and JST Digital, is a vital step toward establishing a unified, trusted framework for the entire sector. As stablecoins continue to redefine the future of digital payments, these standards will provide the foundation for long-term growth, transparency, and security. This collective commitment—solidified during discussions at our annual meeting—not only underscores the industry’s dedication to fostering innovation but also demonstrates a concerted effort to align with evolving regulatory expectations and build the consumer trust essential for stablecoins to thrive globally.”
Stablecoin Standard and its endorsing members plan to continue refining these standards for implementation with the goal of achieving industry-wide adherence by Q4 2025.
Quotes from Endorsers:
Sinan Koç, Co-founder and CEO of BiLira, commented on their endorsement, “As a stablecoin issuer, BiLira has always prioritized transparency, security, and adherence to high standards, which is why we are proud to endorse the Stablecoin Standard’s newly introduced set of global standards. TRYB is governed with a commitment to uphold these principles, which we believe are essential for fostering trust and stability in the rapidly evolving digital asset space. We support this initiative as a significant step towards a more resilient and unified stablecoin ecosystem.”
Ran Goldi, SVP Payments and Network at Fireblocks, commented on their endorsement, “With more than a dozen stablecoins issued on Fireblocks, we strongly believe standards are the right path for our ecosystem with regard to interoperability and reaching the holy grail of instant liquidity any time, anywhere. SCS is taking a big, bold step, and we proudly endorse and stand with them on this journey.”
Kenny Chan, Head of StraitsX, commented on their endorsement, “As one of the leading regulated stablecoin issuers in Asia, StraitsX is committed to upholding the highest standards of transparency and operational resilience. We are proud to support the Stablecoin Standard’s newly introduced global standards, which will help build greater trust in the stablecoin ecosystem and ensure that digital currencies can be securely and seamlessly adopted by businesses and consumers worldwide. By working collaboratively with key industry participants, we believe these standards will provide a strong foundation for the future of stablecoins, promoting innovation while ensuring compliance with evolving regulatory frameworks.”
About Stablecoin Standard
Stablecoin Standard (SCS) is the industry body focused on setting operational, transparency, and product related standards for stablecoins. The SCS plans to achieve industry wide standards by sharing international best practices, business development use cases, forming industry led working groups defining what a high-quality liquid stablecoin should look like, and engaging with policymakers domestically & internationally. The SCS ecosystem consists of over 30 advisory board members, industry partners and issuers that offer digital currencies in global jurisdictions such as the US, EU, Singapore, Australia, and Turkey – among others.
Users can follow the Stablecoin Standard on LinkedIn and X and to learn more, please visit: https://stablecoinstandard.com/
About the author
Chainwire is a specialized crypto newswire service providing high-impact distribution for the cryptocurrency and blockchain industry.
Ripple has made its USD-backed stablecoin RLUSD available to institutions in Türkiye through new partnerships with BiLira, Bitexen and Bitlo.
Summary
Ripple launched RLUSD in Türkiye through BiLira, Bitexen and Bitlo for institutional stablecoin access locally. RLUSD crossed $1.7 billion in market cap less than one year after its launch globally. Ripple also added Istanbul Technical University to UBRI, funding blockchain research through RLUSD and fellowships. Ripple expands RLUSD access in Türkiye Ripple announced on June 2 that RLUSD is now available to Turkish institutions through BiLira, Bitexen and Bitlo. The company said the move gives local institutional users access to its regulated, USD-backed stablecoin.
RLUSD launched in late 2024 and has grown to more than $1.7 billion in market cap. Ripple said the stablecoin is built for payments, tokenization and collateral management across crypto and traditional finance.
Türkiye becomes a key stablecoin market Ripple said Türkiye remains one of the largest crypto markets in the MENA region. The company cited Chainalysis data showing nearly $200 billion in annual crypto transaction volume in the country.
The launch also comes after Türkiye introduced a licensing framework for crypto asset service providers in 2024. That framework moved the market toward supervised operations and gave global firms a clearer route to work with domestic platforms.
Moreover, Jack McDonald, Ripple’s SVP of Stablecoins, said “RLUSD has rapidly gained traction” in financial use cases. He said Türkiye is a key market because it connects traditional finance with the digital economy.
BiLira, Bitexen and Bitlo will support RLUSD for Turkish users and institutions. BiLira said the partnership focuses on regulatory standards. Bitexen said RLUSD fits its plan to offer USD-denominated instruments across several regions. Bitlo said users want secure digital dollars to manage wealth and reduce exposure to volatility.
Ripple adds university blockchain link Ripple also announced Istanbul Technical University as a new partner in its University Blockchain Research Initiative. The partnership will fund blockchain research, graduate fellowships and academic work through RLUSD.
The university will also host an XRP Ledger validator on campus. Ripple said the move will connect academic research with live blockchain infrastructure and give students direct exposure to decentralized systems.
RLUSD is already available through major global platforms including Binance, Bitstamp, Kraken, OKX, Gemini, Bybit, Bitso and LMAX. As crypto.news previously reported, Binance listed RLUSD in January after strong growth in 2025, while later coverage tracked RLUSD’s market cap growth as XRP Ledger activity increased.
The Türkiye launch extends that rollout into a market with strong stablecoin and crypto demand. Ripple has not described the new partnerships as retail-only. Its release focuses on institutional users, corporate settlement and compliant digital dollar access.
For Ripple, the launch adds another local market to RLUSD’s global distribution. For Turkish institutions, it adds another regulated dollar-backed stablecoin option through domestic partners.
