Analyst Uses AI To Show How The XRP Price Could Rally To $1,700

PancakeSwap will host an AMA on Telegram featuring Coral Finance on October 24th at 11:30 UTC. The discussion will address the DeFAI application layer and Coral Finance’s approach to developing a marketplace for early-stage alpha.

Refer to the official tweet by CAKE:

CAKE Info

PancakeSwap is a decentralized exchange (DEX) built on the Binance Smart Chain (BSC). It uses an automated market maker (AMM) model, which allows users to trade directly with a liquidity pool. These pools are filled by users who deposit their funds into the pool and receive liquidity provider (LP) tokens in return. Users can also earn rewards by providing liquidity or staking LP tokens. The native utility token of PancakeSwap is CAKE, which can be used for staking to earn rewards, participating in lotteries, and voting in governance decisions.

MANTRA and EleveX are preparing to launch the first tokenized real estate project on the MANTRA mainnet. The project goes live on October 21, marking a new milestone for real-world asset (RWA) tokenization within the MANTRA ecosystem.

OM Info

The MANTRA project, also known as the OMniverse, is a vertically integrated blockchain ecosystem that has been rebranded and restructured to encompass a variety of innovative products and services. These services are targeted towards both retail and institutional investors and are segmented into four primary components: MANTRA Nodes, MANTRA Chain, MANTRA Finance, and MANTRA DAO. Each of these components serves a specific role within the OMniverse, collectively creating a versatile and comprehensive crypto platform.

The OMniverse’s operation mechanism is driven by its four main components. MANTRA Nodes, the foundational stack, provide revenue generation and community growth through yield-earning opportunities on multiple blockchains, alongside node management and staking services. The MANTRA Chain is a protocol for the Cosmos ecosystem that offers interoperability with other blockchains and aids in the development of secure decentralized applications and exchanges. MANTRA Finance aims to combine the speed and transparency of DeFi with the traditional financial world, enabling non-custodial and permissionless digital asset transactions. Lastly, MANTRA DAO, embodying a transparent governance mechanism, focuses on community involvement and provides services that improve the business functions of various DAOs.

OM, the native token of the OMniverse, serves a variety of utilities within the ecosystem. Its roles include governance, enabling OM stakers to issue proposals and participate in voting processes, as well as staking, where OM can be staked directly on MANTRA“s web app or Binance to earn passive yields. Through this, OM token holders are incentivized to contribute to and participate in the OMniverse”s growth and governance.

Chiliz CEO Alexandre Dreyfus will open the second day of Zebu Live in London on October 22nd, delivering a session on building an enduring company in the crypto sector. The presentation is scheduled from 09:00 to 09:35 UTC.

Refer to the official tweet by CHZ:

CHZ Info

Chiliz (CHZ) is a digital currency for sports and entertainment platforms. It was developed by the Socios platform, which aims to provide blockchain-based solutions to the sports industry. Chiliz enables fans to purchase branded Fan Tokens, which gives them the ability to participate in fan-led decisions through a mobile voting platform. By owning Fan Tokens, the fans gain the influence to guide club-specific decisions and earn rewards. For instance, fans can vote on club-specific decisions such as jersey designs, game-day activities, and new signings. The CHZ token is used as the native digital currency on the Socios.com platform.

DexTools will host an AMA on X on October 21st at 18:00 UTC.

The event will examine Alvara’s solution for creating and managing on-chain multi-asset baskets through decentralized finance, offering an overview of the project’s functionality and objectives.

Refer to the official tweet by DEXT:

DEXT Info

DEXTools is a comprehensive application designed for traders that consolidates information from decentralized markets into a unified user interface. The platform facilitates a clearer understanding of trading activities, investments, and the overall status of the cryptocurrency market.

The DEXTools ecosystem offers a range of functionalities, including the Pool Explorer for monitoring liquidity movements and new pool formations on decentralized exchanges. The Pair Explorer provides insights into token charts, transactions, trust, and other project metrics. Additionally, users can track specific trader’s wallets using Wallet info, monitor large transactions through Big Swap Explorer, and utilize Multiswap to access multiple DEX portals, enhancing trading efficiency.

DEXT, the native utility token of the platform, offers users access to advanced features of the app, either by holding the token or through a monthly subscription. Furthermore, DEXT allows entry to premium trading groups, community initiatives, and exclusive ventures like DEXT Force Ventures.

Ontology will host a community call on Telegram on October 21st at 11:00 UTC.

The session is expected to cover Web3 insights and ideas, with NFTs and free ONG indicated as rewards.

Refer to the official tweet by ONT:

ONT Info

Ontology is an open-source blockchain that provides Web3 trust, privacy and security to enterprises and individual users.

Ontology functions as a blockchain framework that supports public blockchain systems and offers customization capabilities for specific applications. It facilitates interaction between blockchains with different protocol groups, contributing to the development of shared modules of underlying infrastructure for various distributed scenarios, including digital identification and distributed data exchange.

The ONT token was created as part of Ontology's two-tier token system. ONT serves as a governance token used for voting on network decisions, while ONG (Ontology Gas) is a utility token used for transaction fees and executing smart contracts on the network.

The US government is entering its third week shut down, with a Senate vote scheduled for Monday evening to end the funding impasse, and a separate meeting on Wednesday where lawmakers and crypto executives will discuss the long-stalled crypto market structure bill. 

The Senate will vote at 5:30 p.m. ET for the 11th time in an effort to end the shutdown. Approval and a presidential signature would reopen federal operations, while another failure would extend the stalemate.

Despite the gridlock, Congress remains active on other fronts. On Wednesday, Senate Democrats are expected to host a roundtable with crypto industry leaders from Coinbase, Kraken, Circle, Ripple and others to discuss the proposed US market-structure bill, according to a post on X by journalist Eleanor Terret. 

The meeting, led by Democratic Senator Kirsten Gillibrand, comes after several Democratic senators introduced a counter-proposal to the crypto market structure bill that critics say would “kill DeFi” and undermine the bipartisan support the CLARITY Act received in the House in July.

The US market-structure bill is the Senate’s counterpart to the House’s CLARITY Act, which aims to create a comprehensive federal framework around digital assets.

The US government has been shut down since Oct. 1, making it the third-longest shutdowns in US history so far, trailing those of 1995 and 2018–2019.

ETFs remain in the balance

What was shaping up to be a pivotal month for US crypto exchange-traded funds (ETFs) has been stalled by the government shutdown. With the Securities and Exchange Commission (SEC), the agency responsible for ETF approvals, operating with limited staff, key deadlines have come and gone without updates.

The first deadline to pass was Canary’s proposed Litecoin ETF on Oct. 2. On Oct. 7, Bloomberg analyst Eric Balchunas said the ETF, as well as Canary’s HBAR ETF, appear to be finalized, though the shutdown will likely delay their launch.

As Cointelegraph reported, as many as 16 crypto exchange-traded funds are slated for October, including funds tracking Solana, XRP, Dogecoin, Litecoin and others. Another 21 ETF applications were filed with the SEC during the first days of October. 

There are also several pending applications for Solana- and Ethereum-based ETFs that include staking components. 

Issuers such as Bitwise, Fidelity, Franklin Templeton, CoinShares, Grayscale, Canary Capital and VanEck have all submitted amended S-1 filings to the SEC, updating their proposals to reflect new staking provisions.