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DeFi accessibility and cost-effectiveness are on track for a new milestone, as leading DeFi lending platform Venus Protocol has announced it is expanding to the Optimism Network. This is a significant move in the multi-chain strategy of Venus Protocol which has one of the fastest-growing Layer 2 solutions in the Ethereum ecosystem. The initial launch on Optimism will feature five key markets: WBTC, WETH, USDT, USDC (native), and OP. This is a strategy to provide value to the community as Venus uses the network’s low-cost transaction and high-speed capabilities. The company is placing itself in a lead position in the field of Layer 2 DeFi innovation with the help of Optimisn’s $650 million TVL ecosystem. Venus Labs head Brad Harrison said that the company is excited to its “battle-tested DeFi services to a network known for its efficiency and growing ecosystem” as it broadens the company’s reach and is in line with its mission to enhance DeFi cost-effectiveness and accessibility. Crypto users will experience faster inexpensive transactions because of this along with improved interoperability in the blockchain network and expanded market access. It also ensures smooth integration of EVM equivalence with existing Ethereum infrastructure. Moreover, Venus Protocol's expansion makes it eligible for Optimism's Retro Funding, which has allocated 850 million OP tokens to application developers and core contributors to the Optimism Collective. The company is introducing a Venus Prime program as it expands into the Optimism network this will provide incentives to users who use the Venus ecosystem on Optimism. With this latest addition, Venus Protocol is now available on six different chains: Arbitrum, Optimism, ZKsync, Ethereum Mainnet, opBNB, and BNB Chain. This multi-chain approach ensures that the company’s services are accessible to a wide range of users across various crypto ecosystems. At present, Optimism is the third largest Layer 2 network by TVL having $3.79 billion as of April 2024 which showcases the growth potential of this ecosystem.

Donald Trump is entering the cryptocurrency world by launching World Liberty Financial’s (WLF) native token to raise $300 million. With the sale of WLFI tokens starting on October 15, we have entered a world of digital finance and politics. The $1.5 billion valued project will be open be opened to qualified investors through a whitelist. This comes at a critical juncture in the US presidential election where cryptocurrency has turned into a major policy issue. With Trump’s entry into the DeFi scene, there will be an increased acceptance of blockchain in high-profile persons. WLF's recent proposal to the Aave governance forum seeks to establish an instance on the network, potentially providing liquidity for digital assets including Ethereum (ETH), wrapped Bitcoin (WBTC), and various stablecoins. In exchange of this, AaveDAO would get access to a 7% supply of WLFI tokens and 20% of all the DeFi protocol fees which is in line with DeFi integration trends. As of October 2024, the total value locked (TVL) in DeFi protocols stands at $81.85 billion, as per statistics from DeFi TVL aggregator DeFi Llama. This comes at a time when Donald Trump has promised the crypto community that he would take measures like establishing a Bitcoin advisory council and firing SEC Chair Gary Gensler. These promises were made when the cryptocurrency industry was facing increased scrutiny from the SEC as seen 46 crypto-related enforcement actions in the 2024 fiscal year. The WLFI tokens sale launched by Trump marks a shift in his cryptocurrency stance as he had tweeted in 2019 that he isn’t a “fan of Bitcoin and other cryptocurrencies”. Now as more Americans are investing in crypto, 16% as of September 2024, up from 11% in the same period in 2021, the political landscape is favouring cryptocurrency. However, critics have raised concerns about the lack of substantive information provided during the initial announcement of the WLFI tokens sale, resulting in listener numbers dropping from 150,000 to 47,000 during a live X Spaces event. Additionally, questions remain about how the project will navigate complex regulatory waters, especially given the ongoing debate over cryptocurrency classification as securities. The WLFI token sale's impact on the broader crypto market remains to be seen as the project enters a crowded field of over 12,000 active cryptocurrencies. The success of WLFI will likely depend on its ability to differentiate itself and deliver on its promises in a highly competitive and rapidly evolving landscape.

Over the weekend, crypto users discovered that crypto price charts for Bitcoin and Ethereum have vanished from Google Search as the tech giant changed its approach to digital assets. Google users who searched for “Ethereum price” or “Bitcoin price” could no longer see the usually displayed crypto charts, which have been part of the search results since 2018. While this deindexing measure affected all major cryptocurrencies, Dogecoin seems to have evaded it as its price chart is still displayed when searched by its ticker "DOGE." Although the changes have been observed for several days now, there hasn’t been any official statement released by Google regarding the matter. However, Google Search results are still displaying stock and index graphs, which has led to speculations about Google’s intentions. While some crypto industry observers have labelled it as a “temporary glitch," others think this is indicative of a shift in the tech giant’s stance towards crypto assets. People are questioning the timing of this move as it comes in the backdrop of dip in Bitcoin-related search queries. As per Google Trends, there is a decrease in Bitcoin search volume globally as it hits the lowest this week (October 13-19), showing only 27% of the search volume peak recorded in March. However, it’s not just Bitcoin; Ethereum is also experiencing a downward trend in its search volume, which was only 19% of its March peak. All this suggests a possible cooling in public interest regarding cryptocurrencies, which has influenced Google’s decision not to display crypto price charts. This isn’t the first time such crypto-related changes have occurred on Google. Earlier in March, the tech giant updated the service policy for its financial products, which allowed crypto trusts and exchange-traded products to be advertised in the US. But that was a pro-cryptocurrency positive move compared to this negative approach, which is puzzling analysts and traders. With the disappearance of crypto price charts from Google, investors have lost a potential tool to check cryptocurrency prices on the go. The move helped non-serious crypto traders get a hang of the market and make investment decisions without visiting crypto platforms. Ultimately, this will have significant market implications as cryptocurrency visibility decreases amongst general internet users. As digital assets find acceptance everywhere, the tech policy of online platforms like Google has to change to facilitate the crypto industry as they have an impact on cryptocurrency information and public perception. However, it should be noted that crypto price charts are still available on other Google forums like Google Finance and other crypto-specific apps and websites. While Ethereum search interest is high in Saint Helena, Switzerland, and Slovenia, Bitcoin-related queries mostly appear in El Salvador and Nigeria.

Earlier on Saturday, October 12, the cryptocurrency market witnessed a significant boom as First Neiro on Ethereum (NEIRO) recorded a 5000% increase to reach an all-time high of $0.0021. Although it outperformed all the broader crypto market experts say that there are signs of potential reversal that investors should take into account and proceed with caution. This unprecedented surge of First Neiro on Ethereum caught the imagination of crypto analysts and enthusiasts as the market opened on Monday. At present, NEIRO is trading at $0.002019 with a 7.9% increase in volume in the last 24 hours to reach $513.54M transaction volume. NEIRO is still maintaining its gains despite pulling back from its peak trading value. This comes at a time when major crypto assets like Ethereum and Bitcoin showed mixed signals in this volatile cryptocurrency market. Link First Neiro on Ethereum has capitalised on its exponential growth to be a top performer in its category as the trading volume of the token has grown significantly, which could be an indication of interest from institutional and retail investors. However, crypto experts are concerned about the sustainability of such rapid growth in the short term. As the Relative Strength Index (RSI) of the First Neiro on Ethereum stands at 74.65, well into overbought territory, there’s an indication that NEIRO is reaching a critical juncture in the crypto market. Usually, an above 70 RSI is indicative of an overvalued crypto asset which needs correction. It’s in line with the historical patterns seen in such rapid price movements in the crypto space. Moreover, NEIRO’s Chaikin Money Flow (CMF) is at -0.01, which shows a negative metric towards increased selling activity in the face of more buying and selling pressure. This could be an indicator that crypto investors are indulging in profit-taking while the market remains balanced. The most telling sign is NEIRO reaching an all-time high of $209 million, which is a 186% increase over the previous month. DeFi data aggregator DeFi Llama confirms this upward trend as the total value locked (TVL) in NEIRO protocols showed a sharp spike. This open interest can mean strong market confidence along with overbought indicators, but it also might be because of an overheated market prone to sharp corrections. This surge in First Neiro on Ethereum is not an isolated incident, as the broader DeFi sector has also seen renewed interest in recent weeks, with significant price appreciation observed across several projects. All of this comes at a time when the Ethereum blockchain is preparing for upgrades, which is probably behind this investor-led optimism in Ethereum tokens. The coming few days, especially this week, will be critical for First Neiro on Ethereum as there are possible chances of retracement to $0.00085 trading value if the selling pressure intensifies. However, the ongoing momentum can also push NEIRO to go beyond its present all-time high.

The cryptocurrency market, especially the Ethereum ecosystem, is all set to get a boost from a new crypto fund that seeks to foster interoperability with the Move programming language. The new $20 million crypto fund is launched by joint efforts by Tel-Aviv-based finance advisory firm Gate Ventures, move-based blockchain services Movement Labs, and Thailand’s Boon Ventures. The three companies announced their collaborative investment on October 13. “The fund will invest across a range of Web3 verticals within the Move ecosystem,” said a spokesperson from Gate Ventures. It aims to bridge the gap between Ethereum-compatible (EVM) applications by focussing on various Web3 verticals in the Move ecosystem. The crypto fund will emphasise non-fungible tokens (NFTs), decentralized finance (DeFi), GameFi, and interoperability solutions, making it a milestone initiative in the blockchain evolution. Gate Ventures' move to invest in this crypto fund is in line with the ongoing global trend of VCs diversifying their blockchain investments beyond traditional cryptocurrencies. Meanwhile, Movement Labs, a partner of this initiative, developed a Move programming protocol, which initially came from Meta. The company secured $38 million in Series A funding led by Polychain Capital. Through this investment, the company is trying to boost customisable transaction sequencing and cross-chain atomic transactions for its upcoming layer 2 blockchain solution. The new crypto fund launch comes at a time when the Move ecosystem is gaining momentum, with a total value of move-based protocols going over $100 million last year. It underlines the rising acceptance of Move as a programming language for blockchain development. It will also tackle the interoperability challenge of the cryptocurrency blockchain, with reports indicating that the market could unlock $150 billion by 2025 from cross-chain interconnectivity, which is receiving an industry-wise push currently. The comprehensive approach of this crypto fund to nurture startups with access to research grants, hackathons, and mentorship programs is similar to those seen in other blockchain ecosystems like that of Binance Labs.