By Shikha Singh
Sui Refutes $400 mn Insider Trading Allegations.
Sui, a layer-1 blockchain, denied insiders selling $400 million in SUI tokens amid a market rise.
The reports implied a foundation wallet benefitted, but Sui said no insiders traded tokens.
SUI’s $23 billion value has raised questions about its credibility compared to Solana.
Despite a 100% rise, the token fell 2.5% on the day. Sui stated the wallet belonged to an infrastructure partner under a lockup agreement, but community suspicions persist.
FTX Dumps 178,000 SOL Tokens.
Nearly two years after FTX and Alameda Research collapsed, their tie to Solana (SOL) remains.
After redeeming 178,631 SOL worth $28 million, FTX wants to increase SOL token sales to compensate investors.
Concerns concerning Solana’s network and the market arise from this monthly transfer of 170,000 SOL.
Solana’s price decreased to $8 per token after FTX’s crash, reflecting these holdings.
Base Becomes Largest Ethereum Rollup By Total Value Locked, Surpassing Arbitrum.
Coinbase’s Layer 2 Ethereum network, Base, surpasses Arbitrum’s $2.39 billion in TVL with $2.49 billion over 366 protocols.
Base gets a lot of TVL from Aerodrome, a decentralized exchange with over $1.3 billion in deposits.
Base follows Ethereum, Tron, Solana, and BNB Chain in TVL’s top five blockchain networks.
PancakeSwap Introduces PancakeSwapX for Zero-Fee Transfers.
According to Foresight News, PancakeSwapX is a new intriguing product.
This unique technology allows gas-free asset trades and zero-fee transactions on Ethereum and Arbitrum.
PancakeSwapX eliminates transaction fees to improve user experience and accessibility, letting traders to exchange assets faster.
Bitget Wallet Climbs to Second Place in Crypto App Rankings, Rivals Binance.
The second most downloaded crypto software worldwide, behind Binance, was Bitget Wallet with approximately 6 million downloads in September.
The wallet is one of the fastest-growing decentralized wallets this year, with over 40 million users, more than tripling since March 2024.
Ripple Names Exchange Partners for Stablecoin RLUSD, Awaits NYDFS Approval.
At the Ripple Swell 2024 conference in Miami, Ripple announced agreements with numerous exchanges and market makers for its dollar-pegged stablecoin, RLUSD.
The business will distribute via Bitstamp, Bitso, and Uphold, with Keyrock and B2C2 acting as market makers.
The advisory board includes former FDIC chair Sheila Bair and ex-Centre CEO David Puth.
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