Hotairballoon curates key insights from last week's crypto market, including major industry updates, investment trends, on-chain data for trending sectors like LSD and RWA, and upcoming large token unlocks.
1. Key Crypto Industry Updates
A snapshot of pivotal developments shaping the ecosystem.
(1) Policy & Regulation
1. BIS Innovation Head: Central Banks Must Prepare for Crypto
Oct 2 – Cecilia Skingsley of BIS emphasized that central banks must proactively explore crypto's impact on monetary systems, citing Libra's 2019 wake-up call.
2. IMF Proposes Crypto Risk Assessment Framework (C-RAM)
Oct 2 – The IMF introduced a matrix to help nations identify crypto-related macro-financial risks and regulatory responses.
3. SEC Joins 5 Agencies in Crypto Investment Warnings
Oct 3 – Regulators flagged risks like unregistered offerings and lack of SIPC protections in crypto investments.
4. Visa Launches $100M Generative AI Fund
Oct 3 – Visa Ventures will invest in AI-driven payment innovations.
5. Ripple Secures Singapore MPI License
Oct 4 – Ripple’s Singapore subsidiary gained approval to offer digital payment token services.
6. Solana v1.16 Enhances Privacy with Confidential Transfers
Oct 8 – Encrypted SPL token transactions now obscure key details like transaction amounts.
(2) Project Highlights
| Project | Update |
|---|---|
| dYdX | Community approved $20M DYDX incentives for v4 launch. |
| Coinbase | Secured Singapore’s MPI license, expanding local services. |
| MakerDAO | Added $169M RWA assets; RWA now accounts for 66.6% of protocol income. |
| Chainlink | Launched Data Streams for low-latency DeFi data + automated trading. |
2. Funding Roundup
(1) DeFi
- Cicada Partners: $9.7M Pre-Seed (Choppa Capital) for on-chain credit risk tools.
- Ostium Labs: $3.5M to develop commodity perpetual swaps.
(2) Infrastructure
- TON: $10M+ from MEXC Ventures to boost Web3 accessibility.
- Fairblock: $2.5M Pre-Seed (Galileo) for privacy infrastructure.
(3) Web3 Social
- Phaver: $7M Seed at $80M valuation (Polygon Ventures, dao5).
3. Sector Data Deep Dive
(1) RWA
- TVL: $2.41B (+weekly).
- Top Performer: Franklin Templeton’s U.S. Treasury tokenization ($306M, 5.19% yield).
(2) LSD
- ETH Staked: 27.36M (22.78% supply).
- Top Protocols: Lido (+3.78% weekly), Rocket Pool (+1.9%), Frax (+5.12%).
(3) Ethereum L2
- Total TVL: $10.71B (-3.26% weekly).
- Leader: Arbitrum (54.53% dominance); Fastest Grower: Base (+25.16%).
4. Upcoming Token Unlocks
| Token | Unlock Date | Amount (USD) |
|---|---|---|
| APT | Oct 12 | ~$70M |
| SWEAT | Oct 11 | ~$28M |
FAQs
Q: Why is RWA gaining traction?
A: Tokenized assets like U.S. Treasuries offer yield (5%+) with blockchain transparency, attracting institutional interest.
Q: How does Confidential Transfers work on Solana?
A: It encrypts SPL token transactions, hiding amounts while ensuring validity via zero-knowledge proofs.
Q: What’s next for Ethereum L2s?
A: Dencun upgrade (Q4) aims to reduce fees via proto-danksharding, boosting scalability.
👉 Explore real-time crypto trends
Data as of Oct 8, 2023. Follow @HotairballoonCN for updates.
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