FixedFloat: New Currencies to Exchange Aptos and OpBNB
FixedFloat is pleased to announce that 2 new currencies are now available to our users: Aptos and OpBNB. APTOS is the native token of the first-layer Aptos blockchain developed by the Aptos Labs team. To ensure high security and scalability of the network, the Move programming language is used, which was originally developed by the Meta project to create the Libra blockchain. OpBNB is a second-layer solution based on the BNB blockchain, designed to improve scalability and transaction speed. OpBNB is aimed at developers and users seeking lower fees and fast transaction processing, making it attractive for decentralized applications (dApps) and other projects in the DeFi space.
Bitcoin Above $68,000
On October 16, the price of the first cryptocurrency surpassed the $68,000 mark, and at the time of writing, Bitcoin is trading at $68,200, which is the first such value since July.
.jpeg)
All digital assets from the top 10 by capitalization also entered the "green zone", following Bitcoin. The total capitalization of the crypto market reached $2.45 trillion, and the Bitcoin dominance index is 59%.
USDT Users Reach 330 Million
As of the end of Q3 2024, the USDT stablecoin has 330 million cryptocurrency wallets and on-chain accounts, as reported by its issuer Tether. The company noted that this number is comparable to the population of the United States and does not take into account USDT users on centralized bitcoin exchanges, of which Tether estimates there are also several tens of millions.
Despite the already impressive audience, the rate of user growth continues to surprise. The third quarter of 2024 was a record, adding 36.25 million new users. Tether attributes this growth to the implementation of second-level solutions and the development of the TON ecosystem.
Among the popular blockchains for USDT, TRON, BNB Chain and Ethereum stand out, but the greatest growth over the past year has been observed in networks such as Optimism, Arbitrum and Polygon.
SUI Insiders Accused of Selling $400 Million in Coins
The Sui Foundation, the organization behind the SUI cryptocurrency, has denied rumors of $400 million worth of coin sales by insiders, company employees, or Mysten Labs during the recent price surge. The Sui Foundation noted that an infrastructure partner could be behind the deals, but ruled out the possibility of a disruption to the coin unlock schedule.
The foundation's statement follows a post by user X, nicknamed light, who claimed $400 million worth of coins were sold by insiders and identified wallets associated with the initial SUI distribution. Since August 5, the price of SUI has risen 400%, recently reaching a new all-time high.
SEC Asks Court to Retry Ripple Case
The U.S. Securities and Exchange Commission (SEC) has begun the process of appealing previous court decisions regarding the distribution of Ripple's XRP token. The agency has filed a preliminary civil appeal (Form C).
In August 2024, Judge Torres issued a final decision, imposing a $125 million fine on Ripple, while the SEC initially sought $2 billion. In October, the regulator appealed this decision.
In the Form C, the SEC asks to revisit the court's previous decisions, arguing that the law was erroneously applied. The questions concern the offers and sales of XRP on digital platforms, the involvement of Garlinghouse and Larsen, and the distribution of the token in exchange for non-cash consideration. Ripple's general counsel, Stuart Alderothy, noted that the SEC's actions were not unexpected, and the company plans to file its Form C next week.
Over 90% of Salvadorans Don't Use Bitcoin for Transactions
According to the survey, only 7.5% of Salvadorans use Bitcoin to make transactions, while 92% admitted that they do not use cryptocurrency in their daily lives. The study was conducted by the Francisco Gavidia University among 1,224 citizens over 18 years old.
El Salvador recognized Bitcoin as legal tender in 2021, while businesses are required to accept the cryptocurrency if they have the appropriate technical base. President Nayib Bukele later announced digital gold purchases, mining, and other initiatives related to Bitcoin.
In August 2024, Bukele noted that the legalization of Bitcoin has brought mixed results, and the cryptocurrency has not received widespread acceptance. Only 1.3% of respondents believe that the first cryptocurrency should be the “main bet” for the future of the country.
However, 58% of respondents support the policy of the state and the current president. El Salvador was once considered one of the most dangerous countries in the Western Hemisphere, but Bukele has launched an aggressive crackdown on criminal gangs, resulting in about 2% of the population being jailed.
