Crypto Morning Brief: Grayscale releases list of assets under consideration for future investment products; Arkham to launch crypto derivatives exchange
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Crypto Morning Brief: Grayscale releases list of assets under consideration for future investment products; Arkham to launch crypto derivatives exchange
Monad Madness will take place in Bangkok on November 16-17, and the application link is now open for two weeks.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Developments
Monad announces second Monad Madness to take place in Bangkok on November 16–17; applications now open
On October 12, according to official news, Monad announced that the second Monad Madness will be held in Bangkok on November 16–17, with applications now open for two weeks.
Previously, the top three projects from Monad Madness NYC received a total of $450,000 in prizes, and the event attracted over 3,000 viewers.
The Monad Madness competition will select 20 teams per location to compete. Over 60 venture capital firms will attend pitch sessions, representing more than $60 million in expressed investment interest. Monad stated this will be the largest stage available for any team building on its platform.
Grayscale releases list of assets under consideration for future investment products, covering over 30 tokens
According to an official announcement, asset management firm Grayscale has released a list of digital assets under consideration for inclusion in future investment products, encompassing more than 30 tokens. The list includes:
Kaspa (KAS), Aptos (APT), Arbitrum (ARB), Celestia (TIA), Celo (CELO), Core (CORE), Cosmos (ATOM), Internet Computer (ICP), Mantle (MNT), Metis (METIS), Neon (NEON), Optimism (OP), Polygon (POL ex. MATIC), Sei (SEI), Starknet (STRK), Toncoin (TON), TRON (TRX), Aerodrome (AERO), Ethena (ENA), Injective Protocol (INJ), Jupiter (JUP), Mantra (OM), Ondo Finance (ONDO), Pendle (PENDLE), THORChain (RUNE), Dogecoin (DOGE), Immutable (IMX), Akash (AKT), Arweave (AR), Artificial Superintelligence Alliance (FET), Helium (HNT), Pyth (PYTH), UMA Project (UMA), VeChain (VET), Worldcoin (WLD).
Grayscale stated that the list aims to showcase a diversified range of investable digital assets, supporting its mission to make the crypto asset class more accessible and understandable for investors.
Layer 2 network Odyssey developer Ithaca raises $20 million, with participation from Paradigm
According to The Block, crypto venture firm Paradigm has announced a $20 million investment into its spin-off company Ithaca. Ithaca is developing a new Layer 2 blockchain called Odyssey, aimed at accelerating blockchain technology adoption.
Georgios Konstantopoulos, CTO and general partner at Paradigm, will serve as CEO of Ithaca while retaining his role at Paradigm. Matt Huang, co-founder of Paradigm, will serve as chairman of Ithaca.
The Odyssey Layer 2 is built on Reth and OP Stack and is already live on testnet. Konstantopoulos stated that Ithaca is building a full technology stack tailored for developers and users, enabling faster deployment and lower barriers to entry.
Insider: Arkham Intelligence plans to launch a crypto derivatives exchange next month
Aggr News, citing Bloomberg, reported that blockchain data firm Arkham Intelligence Inc., backed by OpenAI co-founder Sam Altman and other investors, plans to launch a crypto derivatives exchange next month. Sources indicate the company is relocating its operations from London and New York to Punta Cana, Dominican Republic, where the new trading venue will also be established.
Neiro: Has terminated partnership with market maker Gotbit
Neiro officially announced it has terminated its partnership with market maker Gotbit. Any issues involving Gotbit or its employees are unrelated to Neiro and do not involve Neiro.
Neiro has already withdrawn some market maker funds back to the community multisig. While awaiting recovery of the remaining funds, CTO lead S will use personal funds to allocate to market makers. To ensure a seamless transition, Neiro will partner with new market makers within hours or days of this announcement.
CryptoQuant: Crypto bull cycle still ongoing, expects strong market performance in 2025
Crypto Dan, analyst at CryptoQuant, posted that the current cryptocurrency bull cycle is still ongoing and anticipates strong market performance in 2025. Dan noted that from a cyclical perspective, Bitcoin’s price movements typically include two upward phases. In the 2013 and 2020 bull markets, long-term holders realized profits twice before reaching peaks, whereas in 2017 there was no mid-cycle correction. Given current macroeconomic conditions, he believes the current market trajectory is more likely to resemble 2013 or 2020 rather than 2017.
The analyst emphasized that a global rate-cutting cycle has already begun. While full liquidity supply may take months or even over a year to materialize, financial markets often react in advance based on investor expectations. Therefore, even as a rough estimate, 2025 could see favorable market movements. He advises investors to adopt a long-term strategy, focusing on the big picture rather than short-term volatility, to maximize returns.
Due to geopolitical factors, .io domains may be affected
On October 3, the UK government announced it would relinquish sovereignty over the Chagos Archipelago in the Indian Ocean, transferring it to neighboring island nation Mauritius. Once the treaty is signed, the British Indian Ocean Territory (BIOT) will cease to exist, and international organizations will update their records accordingly.
Previously, the Internet Assigned Numbers Authority (IANA) nominally assigned the .io country code top-level domain (ccTLD) to BIOT. Returning the Chagos Islands would dissolve BIOT, potentially leading to the deletion of the ISO-3166 two-letter country code IO and the associated .io domain.
Currently, many users and businesses treat .io as a generic top-level domain (gTLD) rather than one tied to a specific country. As of 2023, approximately 1.2 million .io domains were registered, with a significant portion belonging to cryptocurrency-related companies.
WLFi: Public token sale for whitelisted users begins October 15
Trump family-backed cryptocurrency project World Liberty Financial (WLFI) announced it will begin its public token sale on October 15, requiring participants to qualify through a whitelist. The team will host a Twitter Spaces event on October 14 at 8:00 AM Eastern Time (8:00 PM Beijing Time) to share further details.
Victim of yesterday’s phishing attack losing over $35 million identified as Lin Xiahong, co-founder of Continue Capital
Yesterday, Lin Xiahong, co-founder of Continue Capital, posted on X: "Accidentally revealed I haven’t left the space—ended up making headlines as an involuntary charity case."
This follows this morning’s incident where an address marked by Arkham as likely belonging to Continue Fund suffered a phishing attack, losing over $35 million. The victim is suspected to be Lin Xiahong, co-founder of Continue Capital. The attack resulted in the theft of 15,079 fwDETH, which the hacker quickly liquidated. However, due to insufficient liquidity, the asset value plummeted to approximately $5.5 million.
Market Data
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