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The crypto users' interaction with digital assets is set to change as a new AI-powered crypto wallet, Armor Wallet which utilizes a ChatGPT-style interface enters the market. This next-gen crypto platform aims to simplify crypto trading for both experienced users and novices. This crypto wallet fulfils user requests using AI agents based on the natural language given by the investors. This eliminates the need for understanding technical jargon and navigating complex interfaces required for crypto trading, ultimately making way for enhanced accessibility and user experience in the crypto ecosystem. Users can simply type instructions like "Buy $500 worth of Bitcoin" and AI-driven Armor Wallet will place the order at the spot price after it finds the best price. The AI agents will execute the trade based on the crypto users’ queries which means it can do complex tasks like conditional buy/sell orders and setting up dollar-cost averaging strategies depending on market conditions. Earlier in 2023, Coinbase sought to enhance user experience with an AI chatbot called Coinbase One which provided personalized market insights to its premium customers. Later that year, crypto exchange Kraken launched an AI chatbot to help users navigate through the platforms with common queries. These developments indicate a growing trend of AI integration in the crypto industry, with Armor Wallet potentially pushing the boundaries further by focusing on trade execution and portfolio management. One of the key features touted by Armor Wallet is its ability to analyze social media trends, particularly on X (formerly Twitter), to guide new and popular tokens. This feature aligns with the increasing importance of social sentiment in crypto markets. However, users should approach such features with caution, as social media-driven investment decisions can be risky and potentially manipulated. This crypto wallet has a firm grip on crypto investing vocabulary and techniques along with a thorough understanding of web3 culture on which its AI is trained. Hence, the Armor Wallet AI has the advantage of accurately analysing current narratives and trends which is not only critical for crypto investments but also essential for anticipating future trends.

The 2017-established web3 and blockchain technology firm Nadcab Labs is changing the crypto landscape of India with its crypto exchange solutions. The company helps businesses in India to enter the cryptocurrency market by helping them adopt cryptocurrencies or launch crypto exchanges. This Indian cryptocurrency exchange development company is building on the country’s interest in digital assets. Nadcab Labs thinks the 200 million online banking service users in India can easily be driven towards crypto transactions if the crypto system unlocks the financial market’s full potential. The company has helped businesses with cryptocurrency solutions like secure wallets, multicurrency support, liquidity management and real-time trading insights, It also helps with other crypto exchange solutions like OTC trading and yield farmings along with KYC/AML integration and multi-layered security protocols. The primary advantage of Nadcab’s crypto exchange solution is its rapid deployment capability which has the ability to launch a fully functional exchange for small to medium-sized businesses (SMEs) in just 30 days, a good turnaround time to be successful in the fastpaced crypto market. According to a Grand View Research report, the global cryptocurrency market size is expected to reach USD 4.94 billion by 2030, growing at a CAGR of 12.8% from 2022 to 2030. This growth is driven by the increasing adoption of blockchain technology and rising investments in venture capital.

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.

Visa has launched a Web3 platform to support banks in issuing fiat-backed tokens. The move positions the payments giant at the forefront of blockchain integration in banking. The company's crypto division, led by Cuy Sheffield, is guiding this initiative. It aims to help banks modernize their financial systems using blockchain technology. Visa's new Tokenized Asset Platform (VTAP) allows banks to explore these technologies in a regulated environment. The platform facilitates the transition from traditional systems to blockchain-powered digital infrastructure. Spain's Banco Bilbao Vizcaya Argentaria (BBVA) is among the early adopters. It plans to launch a pilot on the Ethereum blockchain in 2025. Visa is also exploring tokenized deposits for cross-border settlement in Hong Kong. Sheffield announced a partnership with ANZ for the second phase of Hong Kong Monetary Authority's e-HKD pilot. The move signals that large financial institutions are ready to experiment with blockchain technologies. Visa aims to help them navigate regulatory compliance while unlocking new opportunities. Executives have identified real-time transfers and cross-border payments as key use cases. Banks could use these tokens to move money between clients seamlessly. In regions developing wholesale CBDCs, banks could use fiat-backed tokens for inter-bank transfers, and this would enhance the efficiency of financial transactions. Catherine Gu, Visa's head of CBDC and tokenized assets, highlighted cross-border transfers as a focus area. "For especially multinational corporates moving money 24/7, right now the rails are very limited for them to do so," she said. Blockchain offers faster, more efficient transactions. This is why major banks are keen to explore this use case. Banks could now provide clients with round-the-clock money movement solutions. Interacting with tokenized real-world assets is another potential application. Sheffield noted the potential for banks to use smart contracts for structured financial products. These could include automated lending against tokenized commodities. However, challenges remain, particularly regarding platform fragmentation. Different institutions may operate on various blockchains, complicating interactions. Visa is working to address these issues by promoting global standards to ensure efficient operations across different blockchain networks. Earlier this year, Visa partnered with Transak to enhance cryptocurrency adoption. The integration allows users to convert crypto to fiat currencies through Visa debit cards.

Eclipse Labs is set to launch its mainnet in October. The project combines elements from Ethereum, Solana, and Celestia blockchains and aims to address scalability issues in the Web3 space. Vijay Chetty, CEO of Eclipse Labs, confirmed the timeline. "Public mainnet will be launching toward the end of October," he stated. The project is currently in the developer mainnet phase, he added. Eclipse utilizes the Solana Virtual Machine for transaction execution. It operates as an Ethereum layer 2 solution. The project also incorporates Celestia's data storage capabilities. The team's goal is to bring "Web2 scale to Web3". They believe this can be achieved by combining the strengths of multiple blockchains. Eclipse aims to avoid the perceived weaknesses of its component blockchains. Chetty pointed to Solana's decentralization issues and Ethereum's slow base layer transactions. These factors, he suggested, have limited both networks' widespread adoption. The project faces significant competition in the Ethereum layer 2 market. Arbitrum One, Base, and OP Mainnet are currently the largest players. They hold $13.7 billion, $6.5 billion, and $6 billion in total value locked, respectively. To gain market share, Eclipse plans to integrate existing Solana applications. These include decentralized exchanges Mango and Orca. The lending platform Solend is also slated for integration. Some of these applications will be rebranded for the Eclipse ecosystem. This strategy aims to leverage existing user bases and functionality. Eclipse's approach to data storage sets it apart from some competitors. Many layer 2 solutions store data off-chain due to cost concerns, but Eclipse plans to use Celestia for on-chain data storage. The launch of Eclipse represents a new development in blockchain interoperability. Its success could influence future approaches to scaling and cross-chain integration in the cryptocurrency sector.