By Shikha Singh
Avalanche’s Largest Upgrade Set To Go Live In October.
Avalanche9000, Avalanche’s biggest update, launches in October, and investors are thrilled.
Avalanche9000, to make layer 1 launches cheaper, simpler, and more maintainable. AVAX, its native coin, has plummeted 29% this year and is trading at $28, down 2% in 24 hours.
NodeMonkes, Bitcoin Puppets Lead As NFT Sales Rebound.
Last week, Bitcoin NFT sales reached $20 million, up 56%, with buyer numbers climbing 48% to 29,403.
NodeMonkes lead with $3.4 million, while Bitcoin Puppets grew 239% to $3.03 million.
Ethereum was the leading NFT network with $28 million, followed by Solana at $13 million and BNB Chain at $3.7 million.
Despite this increase, NFT revenues fell 48% to $318 million in September.
Bitcoin surpassed $66,000 and the market valuation topped $2.3 trillion as NFT sales rose. NFT market saturation is a problem, with 96% of collections idle.
Onyx to Shutdown Ethereum-Based Lending Market, Relaunch Onyx Core.
Onyx Improvement Proposal (OIP)-46 allowed the DeFi protocol Onyx to restart Onyx Core after a $3.8 million attack on September 27. This plan would shut down the Ethereum-based loan market and completely reimburse lenders on October 1.
A redesigned white paper and closed-ended lending policy for NFTs and real-world assets will accompany the relaunch. The breach exploited a known weakness, requiring more protection.
Indonesia Launches First NFT Postage Stamp.
To celebrate the Indonesian Post’s 79th anniversary, Pos Indonesia released the first NFT postal stamp with the Cendrawasih Bird on September 27. This $9.90 blockchain-based stamp is meant to attract younger philatelists as a collector’s item rather than for shipping.
The booklet-issued NFT stamp will have a physical counterpart and limited numbers. A QR code on the Indonesian Post’s website leads to an order form for the stamp.
Solana DeFi Platform Mango Markets Settles SEC Charges Over MNGO Token.
After an inquiry, the SEC accused Mango Markets’ Mango DAO, Mango Labs, and Blockworks Foundation with securities violations.
MNGO token holders approved a settlement in August. The businesses will pay roughly $700,000 in civil fines, destroy their MNGO tokens, and stop trading them.
SUI Recovery Targets $3 Price as TVL Crosses $1 bn.
SUI might breach $3 after breaking $1 billion in TVL on its network.
It is gaining ground against Solana and other platforms as it celebrates this milestone.
SUI tokens have gained 133% to $1.7 in four weeks.
Also, it might hit $2.07 and $3 in October if the upswing continues, analysts say.
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