$92 Million Inflows in Spot Bitcoin ETFs

In a report posted on September 23, a total of $92 million inflows were recorded in 12 Bitcoin Spot exchange-traded funds (ETFs). This performance marked the highlight of the weekly events, noting Bitcoin’s increased growth in institutional interest as the major digital currency. Moreover, this signals a broader depth of adoption in traditional finance. Since their launch in January, BTC spot ETFs have totaled $17.7 billion in inflows.

On the other hand, Ethereum ETFs are still struggling to gather greater momentum regarding investor interest. They still managed to close the week with $2.87 million in inflows. Based on the strong rally witnessed in Bitcoin ETFs, Ethereum ETFs might face a challenge in keeping up as more traction will be directed towards spot BTC ETFs. Additionally, BTC being digital gold, is viewed as a financial safe haven in periods of volatility.

Kamala Harris Addresses Crypto in U.S Presidential Debate

Kamala Harris made her first public remarks on cryptocurrencies this week on September 24 during the U.S. presidential debate. It was evident that her shift in crypto stance was marked, but still, she remained neutral regarding the hot topic. In her words, Kamala stated, “The future of finance will undoubtedly involve digital currencies, and we need to ensure we strike the right balance between innovation and protection."

Following her remarks, a more pro-crypto outlook has been established and this might signal better regulatory frameworks. This in turn suggests increased government interest in her reign. This could also positively affect consumers as she encourages security and protection in cryptocurrency innovation. However, Donald Trump has been seen as a hands-off candidate who might allow greater freedom in the digital space.

Shiba Inu Potential Surge Amid Whale Movement

On September 24, the popular memecoin, Shiba Inu, recently recorded an increase in whale activity. This signaled fresh investor interest that shows potential for a spike in its market price. According to a video on its market analysts, the SHIB could rally up by 7,145%. Regardless, still, much skepticism has risen over the dramatic surge prediction. If the massive spike happens, Shiba Inu’s price could reach $0.001, from its current price of $0.00001717 at the time of writing.

The token still shows positive momentum despite a 70% fall from its March high of $0.000045. The interest in whale investors could unveil its long-term growth potential. It's also essential to note that its price is driven by its community rather than its utility, further making its future unpredictable.

PayPal Expands Cryptocurrency Offerings to Businesses

On September 25, 2024, the global payment giant, PayPal made an announcement for its latest milestone in allowing the purchase, sale, and holding of crypto for business accounts. This marks a new feature that upgrades from only offering crypto services to individuals alone. The platform now allows business accounts to transact digital currencies daily. Moreover, the decision by PayPal is considered a significant mainstream adoption of crypto, boosting major features and innovations.

Jose Fernandez da Ponte, Senior VP of Blockchain, Cryptocurrency, and Digital Currencies in PayPal, was quoted as saying, “Business owners have increasingly expressed a desire for the same cryptocurrency capabilities available to consumers.”

Additionally, the decision is set to increase the commercial setting of cryptocurrencies. This is based on the primary factor that PayPal holds a vast network of merchants as well as clients with direct crypto access. As such, cryptocurrencies will greatly benefit from this move.

Donald Trump Favored for Presidential Victory by Crypto Community

As the U.S. presidential elections approach, the cryptocurrency community has already shown its support for the former president, Donald Trump. The September 25 report from The Economic Times showed that both candidates, Donald Trump and Kamala Harris, have different claims about cryptocurrencies. However, the crypto world supports Trump’s calm stance towards regulations, which were once heightened during his last term. His stance has since changed, now being cited as an investor. It is possible that Trump’s return to office could result in fewer regulations and more freedom in crypto innovation.

Trump offers a hands-off approach, while other candidates like Kamala cite stricter frameworks in light of offering consumer protection. This has been her major concern after sighting her first public review this week, and Trump’s stance could have a reputation related to security implications.

Are We Out of Internet Data to Train AI Models?

A report on September 25 showcased the growing concerns about the availability of data to train artificial intelligence (AI) models. For accuracy and effectiveness, AI relies on large data sets, and a recent report indicates that these datasets might be running out. Regarding that, major emphasis is placed on the potential impact of this situation. This could threaten areas of decentralized finance as well as predictive analysis to better decision-making capabilities.

Blockchain solutions might come in handy through the creation of decentralized data pools. One merit of this is allowing the sharing of data securely. This privacy preservation would in turn increase the availability of data for AI training. It's also important to highlight that without the blend between AI and blockchain technology, the scarcity of such data would increase and slow down AI-powered blockchain applications.

SCRT Labs Building the Future of Decentralized Confidential Computing

An article on September 24 by The Street recently explored the decentralized confidential computing system navigated by the SCRT Labs. The major aim of the organization is to improve security by enforcing multi-party computation in curbing concerns related to data privacy. This also applies to other limitations in blockchain systems. The technology employs multiple parties and allocates them computation functions using their data without disclosing it to the other parties. As such, this ensures privacy in a decentralized blockchain space.

SCRT Labs offers these secure computations confidently while still maintaining a strong blockchain’s impeccable decentralized nature. Moreover, the new development will ensure the future of crypto is secure based on its revolutionary approach to privacy applications in digital currencies across the globe.

Is Trust in Blockchain Misplaced? Understanding the Dynamics

Blockleaders published an article on September 23 regarding the security of blockchain networks, focusing on the issue of employing robust security. Based on the article's findings, many blockchain platforms rebuild their security measures right after their launch. In turn, this leads to vulnerabilities. It's important to employ great emphasis on security from day one in order to maintain customer trust in the decentralized systems. A blockchain security consultant pointed out, “Security should be an inherent part of blockchain development, not an afterthought."

As more businesses and individuals get into crypto and blockchain technology, the need for adopting better security infrastructure is critical. Poor security can harm the reputation of blockchain technology and thus lower its adoption across various industries.

Polkadot Upgrade, “Agile Coretime,” Offers a New Era of Efficiency

Polkadot has recently launched its new update tagged “Polkadot Agle Coretime,” which has promised to improve resource allocation across networks in the platform. Based on the report from Blockleaders, the Agile Coretime upgrade seeks to address issues in scalability and network efficiency. These are very significant aspects in the decentralized applications (dApps) as well as blockchain-based solutions. Polkadot addresses the need for dApps requiring effective management of resources as the networks become crowded.

In simple terms, the Agile Coretime Polkadot upgrade focuses on the flexibility of the blockchain network as well as resource distribution. One Polkadot developer was quoted, “This upgrade marks a significant step forward in optimizing how Polkadot manages its network resources."

The recent events in the crypto network showcase the increasing adoption of digital currencies and blockchain technology. Among the new updates include the increasing spot BTC ETF inflows and the new Polkadot upgrade. All these are evidence of a promising future for cryptocurrencies. The upcoming U.S. presidential elections will be a major factor in crypto regulations, but their future is yet to be known.

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