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• 0G has transitioned into a Decentralized AI Operating System (dAIOS).
• Initially, OG was a leading modular AI blockchain.
• 0G aims to democratize AI as a public good, attracting interest across various sectors.

On October 1, 2024, 0G announced a groundbreaking shift in its identity, evolving from a leading modular AI blockchain to the world’s first Decentralized AI Operating System (dAIOS).

This transformation underscores 0G’s commitment to decentralizing artificial intelligence and providing users with complete control over their data while promoting transparency, monetization, and incentive alignment.

Decentralizing AI workflows

In today’s highly centralized AI landscape, data ownership and decision-making processes often lack clarity. 0G aims to change that by leveraging blockchain technology to coordinate distributed hardware resources such as storage, computation, and data availability.

This innovative approach enables scalable, transparent, and auditable AI infrastructures that integrate seamlessly into various workflows.

The architecture of 0G comprises modular components including 0G Storage, 0G Data Availability (DA), and 0G Serving. Each of these components is designed to cater to distinct aspects of AI workflows, facilitating efficient management of vast data loads and real-time interaction with decentralized AI applications.

For instance, 0G Storage utilizes erasure coding to secure data while maintaining accessibility, all managed by incentivized miners through a unique consensus mechanism known as Proof of Random Access (PoRA).

With throughput speeds of 50 GB/second, 0G is positioned to outperform competitors by a staggering 50,000 times at 100 times lower cost. This capability makes on-chain AI applications feasible, addressing critical issues such as ownership, transparency, monetization, and alignment that plague centralized AI systems.

0G’s mission is to democratize AI

Looking ahead, 0G’s mission is to democratize AI as a public good, fostering an extensive ecosystem that encompasses various sectors including gaming and decentralized finance (DeFi).

The platform’s rapid scalability and efficient data management solutions are already attracting significant interest from key players in the Web3 space.

As 0G continues to advance its dAIOS infrastructure, it stands at the forefront of the decentralized AI revolution, committed to reshaping the future of technology and data management.

• Sui has seen a more than 44% spike in price in the past week and 65% in 30 days
• Gains come after the Grayscale Sui Trust opened for accredited investors
• The SUI network’s total value locked (TVL) has surpassed $1.34 billion

SUI’s price surges as its total value locked (TVL) jumps to $1.3 billion, rising 44% in the past week to trade above $1.67.

The gains include a more than 65% spike in the past 30 days. This sees the native token of the layer 1 blockchain platform reach highs last seen in early April.

What pushed the SUI price surge?

Sui experienced a notable surge in volume after Grayscale announced that its Sui Trust was open to accredited investors.

Daily volume for SUI skyrocketed after the news, with its price hitting levels above $1.

Sui’s price rally to above $1.67 has also coincided with a sharp increase in TVL in various decentralized finance (DeFi) protocols in the Sui ecosystem. OKX Ventures pointed to the Grayscale Sui Trust’s boost to SUI market credibility as institutional interest emerged.

Sui’s TVL hits $1.3 billion

The bullish sentiment around this outlook is showing in the on-chain activity that has the TVL hitting $1.34 billion.

According to DeFiLlama, Sui’s TVL rose from about $250 million at the start of 2024 to cross $1 billion in May. However, it dropped to $462 million on August 5 amid the cryptocurrency market crash that pushed Bitcoin’s price below $50k.

What’s notable, though, is the spike back to $1 billion and acceleration to $1.34 billion in less than a month. It means a more than 377% spike year-to-date and 47% month-to-date.

Sui’s growing DeFi ecosystem that’s behind this surge include increased adoption for protocols across lending, decentralized exchanges, real-world assets, derivatives, and yield.

Navi Protocol has seen its TVL increase 34% month-to-date to over $449 million.

Lending protocols Scallop and Suilend have respective TVL readings of $246 million and $203 million. It represents a 34% and 100% month-to-date spike respectively.

• The US has charged 14 people and four companies for fraud and market manipulation among other illegal activities
• The prosecution says this is the first criminal case involving cryptocurrency companies over market manipulation and wash trading

US prosecutors have filed charges against 14 people and four crypto companies over widespread market manipulation and fraud.

According to a press release from the US Attorney’s Office, District of Massachusetts, federal prosecutors said on Wednesday that the case involves the first criminal charges against financial services companies related to the crypto market.

As well as fraud, accusations include sham trades and inflating of crypto prices.

“What the FBI uncovered in this case is essentially a new twist to old-school financial crime,” said Jodi Cohen, special agent in charge of the Federal Bureau of Investigation, Boston Division.

“‘Operation Token Mirrors’ targeted nefarious token developers, promoters, and market makers in the crypto space,” Cohen added.

Sophisticated trading schemes saw investors lose millions of dollars, Cohen said.

The four companies are Gotbit, CLS Global, ZM Quant, and MyTrade.

US prosecutors in Boston also revealed charges against the firms’ leaders and their employees. Those indicted include individuals in the United States and Hong Kong. There have been arrests made overseas and federal prosecutors said five individuals agreed to plead guilty to the charges.

Saitama and Gotbit

Max Hernandez, Russell Armand, and Nam Tran are said to have created and promoted various crypto projects alleged to have engaged in manipulation of prices and targeted defrauding users.

It includes the platform Saitama, a crypto project on Ethereum whose native token reached a market capitalization of over $7.5 billion at its peak. Saitama also offered a real estate investment product and token.

Gotbit, one of the crypto firms charged, allegedly engaged in wash trading and inflated trading volume for a token called Robo Inu tenfold. This resulted in $1 million in fake volume.

Imagine getting charged for doing $1m in fake volume for some thing called Robo Inu 😭 pic.twitter.com/Dc0DJbJOuO

— db (@tier10k) October 9, 2024

The charges against the 14 and the companies come as the industry continues to face regulatory scrutiny amid claims of market manipulation and theft.

In September, the FBI arrested Malone Lam, 20, and Jeandiel Serrano, 21, for fraud and money laundering conspiracy in a $230 million crypto theft case.

• Tether (USDT) circulation surged to $120B, marking a 30% increase in 2024.
• Tether’s Bitcoin and gold holdings increased to $4.8B and $5B, respectively.
• Tether’s net equity doubled to $14.2B, while it faces ongoing legal challenges.

Tether has announced a substantial increase in its Bitcoin and gold reserves, as detailed in its latest Q3 2024 Consolidated Financials Figures and Reserves Report.

Tether’s Bitcoin holdings have reached an impressive $4.8 billion, while its gold reserves now stand at $5 billion, reflecting the company’s strategy to bolster its asset base amid rising global demand for its stablecoin, USDT.

Circulation of USDT increases by 30%

This quarter has been particularly notable for Tether, as the circulation of USDT has soared to a record $120 billion, marking a 30% increase in 2024.

This surge adds $27.8 billion year-to-date and positions Tether’s market cap close to that of its competitor, Circle’s USDC, which currently stands at $35 billion according to CoinGecko data.

Tether’s growth is indicative of the increasing reliance on stablecoins within the cryptocurrency ecosystem, driven by greater adoption and market confidence.

Tether expands its US Treasury Bills holdings

Additionally, Tether has significantly expanded its holdings in US Treasury Bills, which now total $84.5 billion, constituting the largest segment of its reserves. This strategic move has contributed to Tether’s robust financial health, with net equity doubling to $14.2 billion from $7 billion at the end of 2023.

Furthermore, through its subsidiary, Tether Investments Limited, the company manages an additional $7.7 billion in assets across sectors such as sustainable energy, Bitcoin mining, and data infrastructure. However, these assets are not included in the reserves backing Tether tokens.

Despite its growth, Tether is currently navigating three civil litigation proceedings involving its holdings and operations. Notably, these cases include a class action related to Bitcoin’s price decline in 2017-2018, a lawsuit stemming from the Celsius bankruptcy, and a dispute over USDT in a non-Tether controlled wallet.

• CrossFi launched an EVM-compatible mainnet for scalable web3 payments.
• The network supports 10,000 TPS and bridges Ethereum assets seamlessly.
• Governance uses MPX tokens, with fees averaging $0.02 per transaction.

Cross Finance, commonly known as CrossFi, has announced the launch of its EVM-compatible mainnet, marking a significant step in the evolution of decentralized finance (DeFi) and web3 payment solutions.

The CrossFi blockchain aims to provide a scalable, decentralized ecosystem designed to support high-volume payments and everyday transactions, bridging traditional finance with the world of crypto.

The CrossFi mainnet’s launch comes on the heels of a successful testnet, conducted in collaboration with CoinList, which attracted over one million active wallets.

The CrossFi blockchain

The network’s infrastructure is built using the Cosmos SDK and Tendermint, enabling a modular design that supports up to 10,000 transactions per second (TPS).

This scalability makes CrossFi suitable for hosting payment applications that require high throughput, similar to Visa-level processing capabilities.

As an EVM-compatible network, CrossFi allows seamless integration with Ethereum-native assets, which can be bridged to its platform and utilized within its payment ecosystem.

Its security is reinforced by PCI DSS certification, a data protection standard recognized by major payment card companies, ensuring that the platform maintains industry-leading data transmission and storage practices.

The governance of the decentralized network is powered by the Mint Power (MPX) token, which is also used to facilitate transaction fees that average $0.02 per transaction.

In addition, the Cross Finance ecosystem features a variety of financial tools, including CrossFi App, which enables services like staking, lending, crypto-fiat exchange, and P2P payments. Users can also leverage CrossFi xAPP for token swaps, cross-chain asset bridging, and liquidity mining.

Further enhancing its ecosystem, CrossFi supports synthetic asset minting, over-collateralized stablecoins, and offers decentralized platforms for trading real-world assets.

By integrating multiple functionalities across its components, Cross Finance is set to democratize access to decentralized finance and facilitate the adoption of blockchain technology in global payments.

The network’s launch partners, including Alchemy and other validators, will play a key role in optimizing performance and maintaining decentralization.

With this mainnet launch, CrossFi is positioned to become a pivotal player in the evolving web3 financial landscape, empowering businesses and users to explore new possibilities in the digital payments space.

• The whale sold over 150k Injective (INJ) tokens worth over $3.29 million
• According to Lookonchain, the whale acquired 2.44 million Lido DAO (LDO) worth over $3.05 million
• INJ price dipped slightly while LDO rose

A whale has sold a significant number of Injective (INJ) and bought more Lido DAO (LDO) tokens.

On Wednesday, September 25, Lookonchain shared on-chain details that showed the whale dumped 150,428 INJ valued at $3.29 million. The whale swapped the INJ for 2.44 million LDO valued at more than $3.05 million.

Per Lookonchain, the whale sold their INJ for LDO via crypto liquidity provider Cumberland.

A whale sold 150,428 $INJ($3.29M) and bought 2.44M $LDO($3.05M) via #Cumberland in the past 30 hours.https://t.co/4L8vFWcIng pic.twitter.com/ESXmWIGoFJ

— Lookonchain (@lookonchain) September 25, 2024

Injective price

Injective (INJ) is layer 1 blockchain decentralized finance application. The Binance and Mark Cuban-backed interoperable L1 blockchain currently ranks as the 49th largest cryptocurrency by market at $2.1 billion.

The price of Injective’s native token fell 3% to trade near $21.24. INJ trading lower also saw weekly gains shrink to around 14%, while Injective is now down 1.4% in the past month. Notably, INJ reached highs of $22.70 on Tuesday, hitting the resistance level seen on August 24.

INJ price however reached $52.62 on March 14, 2024 and its currently positioned nearly 59% off that level.

Lido DAO price

With the LDO purchase, the whale’s showing their bullish projection for Lido. Growth for the decentralized finance platform – a market leader in Ethereum staking – may be among the catalyst.

The Lido DAO price was up 2.6% in the past 24 hours to change hands at highs of $1.29 earlier in the day. LDO is among the top gaining tokens with +29.7%  this past week.

LDO price was at $1.26 at the time of writing.

• Ethereum price traded near $2,600 as crypto experienced a brief lull.
• A CryptoQuant analyst says ETH could witness a short squeeze, but points to $2.7k as key resistance.

Ethereum traded to near $2,750 on Monday, Oct. 21, rising amid broader gains for the crypto market as Bitcoin shot past $69,000. However, with BTC dipping, the ETH price followed suit and tested support near $2,600 on Oct. 22.

The price of Ethereum has returned above $2,620, and a CryptoQuant analyst says the top altcoin could see a short squeeze scenario. According to Shayan B, this outlook results from the rising leverage. If the bulls manage to break out above the supply wall around $2.7k, then ETH price could rise further.

Ethereum price outlook

Currently, the market seems bearish on ether price prospects, which means many traders expected a downside continuation. But with “leverage at concerning levels,” a short squeeze would mean unexpected price surge and major liquidations.

ETH would notch gains in such a case.

“With leverage at concerning levels, the futures market is now considered overheated. This leaves Ethereum vulnerable to a potential short-squeeze event. In such a scenario, if ETH’s price rises unexpectedly, traders with short positions could be forced to cover their positions by buying back ETH, creating an impulsive price spike,” the analyst noted.

The key level however remains at the 100-day moving average near $2,700. This area presents a notable resistance area that bulls may have to conquer to see further gains.

Ethereum Faces Short-Squeeze Risk: Rising Leverage and Key Resistance at $2.7K

“With leverage at concerning levels, the futures market is now considered overheated. This leaves Ethereum vulnerable to a potential short-squeeze event.” – By @ShayanBTC7

👇https://t.co/LBeV3Lis4d pic.twitter.com/wUZ2sEowmW

— CryptoQuant.com (@cryptoquant_com) October 22, 2024

Data from Coinglass showed total 24-hour crypto liquidations stood at over $165 million.

Most of this, about 75% were long positions rekt over the past 24 hours at $129 million. Shorts accounted for about $36 million. Looking at Ethereum, data showed longs accounted for $36 million of the total $39 million liquidated over the past 24 hours.

ETH price reached its year-to-date peak of $4,070 in March.

• Trump wished a happy birthday to the anniversary of Bitcoin’s whitepaper and called on ending “Kamala’s war on crypto”
• Since Bitcoin’s initial days, its price has risen to over $72,000 and is accepted as legal tender in El Salvador
• Trump’s post comes less than a week before the US election results are in

Former US President Donald Trump has sent well wishes celebrating the 16th anniversary of Bitcoin’s whitepaper.

Posting on X, Trump said: “I would like to wish our great Bitcoiners a Happy 16th Anniversary of Satoshi’s White Paper,” adding:

“We will end Kamala’s war on crypto & Bitcoin will be MADE IN THE USA! VOTE TRUMP! #Bitcoin #FreeRossDayOne.”

On October 31, the mysterious creator of Bitcoin, Satoshi Nakamoto, released the whitepaper Bitcoin: A Peer-to-Peer Electronic Cash System, which would change how we view money.

Detailing how the current financial system works, the author proposed introducing a new “electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.”

Initially looked at with scepticism, Bitcoin’s price has since soared to more than $72,000 as it makes its way toward its March all-time high of $73,700, is accepted as legal tender in El Salvador, and retail and institutional investors can invest in spot Bitcoin exchange-traded funds (ETFs).

Trump’s post comes less than a week when the results will be in announcing the next POTUS. Trump and his rival, Vice President Kamala Harris have both been vocal in supporting the crypto industry should they lead the government.

In September, Harris said during a US presidential campaign that, if elected, she would help grow investment in artificial intelligence and crypto. She has also promised to support a “regulatory framework for cryptocurrency and other digital assets.”

Meanwhile, Trump has said he’ll make America the “crypto capital of the world.” Trump has also backed a crypto project called World Liberty Financial, which plans to launch a stablecoin linked to the US dollar. Raising $14 million in initial funding, the project plans to capitalize on the growing demand for stablecoins.

Wellington Management, an asset manager with over $1 trillion in assets, has announced a partnership with Ondo Finance in a collaboration that aims to power intraday redemptions for a newly unveiled tokenized US Treasury fund.

Ondo is a decentralized finance protocol that’s seeing rapid growth in the tokenized assets market.

Ondo and Wellington team up on new tokenized fund

The fund in question is the Delta Wellington Ultra Short Treasury On-Chain Fund, or ULTRA, which Standard Chartered-backed tokenization platform Libeara launched in collaboration with fund management infrastructure firm FundBridge Capital.

Delta Wellington Ultra Short Treasury On-Chain Fund is live on the Ethereum blockchain. However, the issuers have plans to expand it to Arbitrum, Avalanche and Solana. The partnership between Wellington Management and Ondo Finance will see the latter offer the technology that will enable intraday redemptions.

1/ Wellington Management Partners with Ondo Finance to Provide Intraday Redemptions for Tokenized US Treasury Fund

Wellington Management (@Wellington_Mgmt) one of the world’s largest independent asset managers with over $1 trillion in assets, has partnered with Ondo Finance to… pic.twitter.com/dy1tefMxxM

— Ondo Finance (@OndoFinance) October 30, 2024

With this, investors can enter and exit positions any time. Ondo and Wellington see this as a crucial step towards enhancing the fund’s utility across web3.

“By enabling 24/7 liquidity, Ondo Finance is ensuring that tokenized assets can be most effectively used as collateral and for cross-border settlement, including in the digital assets ecosystem,” Nathan Allman, chief executive officer of Ondo Finance, said in a statement.

Ondo has Ondo U.S Dollar Yield (USDY) and Ondo Short Term US Government Bond Fund (OUSG), two of the top tokenized US Treasuries funds.

According to rwa.xyz, USDY and OUSG have market caps of $444 million and $205 million respectively. However, that’s notable in a market currently at just over $2.43 billion.

BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) is the largest at over $533 million.

• Sui (SUI) has surged 116.2% in three months.
• While Bitcoin Dogs (0DOG) has seen a considerable decline since its public listing, key metrics point to a possible trend reveal.
• Both tokens show growth potential, with SUI’s TVL exceeding $1 billion and rising interest.

Cryptocurrency investors are continuously on the lookout for promising assets that offer significant growth potential and two tokens, Sui (SUI) and Bitcoin Dogs (0DOG), have caught the attention of investors.

Both Sui and Bitcoin Dogs have showcased impressive performance and unique features, making them appealing choices for traders and long-term investors.

Sui price soars by 63% in two weeks amid bullish market sentiment

Sui (SUI) has recently made headlines, witnessing a remarkable price increase of over 116.2% in the past three months, outpacing established cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).

Currently priced at around $1.77, SUI has demonstrated resilience despite a recent price pullback, suggesting a robust bullish sentiment. Its price has risen by 63.7% over the past two weeks adding to its yearly gains of 277.09%, at press time.

Sui’s TVL recently surpassed the significant milestone of $1 billion, hitting an all-time high of $1.03 billion on September 19. Although the TVL has slightly decreased to approximately $984.85 million according to DefiLlama, this figure still represents a substantial increase from previous metrics, showcasing the growing liquidity and trust in Sui’s decentralized finance (DeFi) ecosystem.

A higher TVL generally indicates greater liquidity, making the protocol more attractive to both investors and developers.

Sui’s trading volume also reflects strong market confidence, with recent spikes reaching over $1 billion, indicating sustained investor interest. The derivatives market mirrors this trend, with volumes reaching $2.49 billion on September 25, a notable 35.57% increase within just 24 hours.

Despite some fluctuations, these figures underscore a high level of participation in the SUI derivatives market, with significant short liquidations suggesting that bearish traders are being squeezed out, paving the way for continued bullish momentum.

In addition to impressive financial metrics, Sui has seen a rise in user engagement, with daily active addresses increasing from 1.24 million to 1.8 million on September 27—a 12.93% uptick in just one day. This surge in user participation signals heightened interest in Sui’s decentralized applications (dApps) and services, which could further enhance the asset’s attractiveness.

Bitcoin Dogs (0DOG): The Rising Meme Coin

Besides Sui, Bitcoin Dogs (0DOG), a relatively new meme coin, is rapidly establishing itself in the meme coin sector. It is currently priced at $0.00661 after a successful presale round and listing on several crypto exchanges including MEXC.

Although 0DOG has experienced notable volatility, including a 64.83% decline over the past month, its long-term prospects remain bullish. This is largely due to its close correlation with Bitcoin’s price movements, positioning it as a leveraged play on Bitcoin, especially as institutional interest in Bitcoin ETFs grows.

What sets Bitcoin Dogs apart is its innovative approach. As the first-ever ICO project on the Bitcoin network, it combines elements of NFTs and play-to-earn (P2E) gaming mechanics. The upcoming launch of its Telegram game is anticipated to provide additional utility, attracting not only meme coin enthusiasts but also gamers and investors looking for innovative blockchain projects.

This unique blend of features positions Bitcoin Dogs as more than just another meme coin; it represents a new frontier in the Bitcoin ecosystem.

Despite recent fluctuations, Bitcoin Dogs has the potential to outperform traditional assets in bullish market conditions.

Analysts predict that the meme coin supercycle is just beginning, with 0DOG expected to capitalize on this trend. Early Bitcoin investors, who have demonstrated market-savvy decisions in the past, are flocking to Bitcoin Dogs, hoping to replicate their initial successes with Bitcoin.

Conclusion

With both Sui and Bitcoin Dogs capturing investor attention through their unique value propositions and strong metrics, they are set to play significant roles in the evolving cryptocurrency landscape. As more participants enter the market, these tokens could pave the way for future growth, making them essential assets to watch closely in the coming months.

Whether you are a seasoned trader or a newcomer to cryptocurrency, SUI and 0DOG offer intriguing opportunities for those willing to explore their potential. For more information about 0DOG, you can visit the project’s website.