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Core Blockchain Surpasses $400M TVL, Leads Bitcoin Layer 2 Scaling

Core Blockchain surpasses $400M TVL, making it the leading Bitcoin Layer 2 scaling solution, driving more efficient and cheaper transactions.

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Mawari Network Raised $10.8M In New Solana DePIN Funding Round

Mawari Network raised $10.8M in a strategic funding round led by Anfield Ltd and Borderless Capital. The Solana-based DePIN project focuses on scaling spatial computing for AR, VR, and XR.

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Avalanche Grant Program Launched to Boost Developers With $40M

The Avalanche grant program, launching September 26, will simplify and decrease the cost of building L1 blockchains for developers.

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SEC Chair Gary Gensler Firmly Defends Crypto Investments

SEC Chair Gary Gensler stressed that the cryptocurrency industry cannot thrive long-term without robust investor protections.

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Bitcoin Mining Facility Shutdowns In Minnesota Over Noise Concerns

Revolve Labs withdrew its Bitcoin mining facility proposal in Windom, Minnesota, after residents raised concerns about noise pollution and its impact on home values.

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Crypto Losses in Q3 Decrease 28% Compared to Q2

The crypto industry lost $413 million to hacks and fraud, with centralized finance accounting for nearly 75% of the crypto losses in Q3 2024.

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Ethena Stablecoin UStb Launched With Fully Backed by BUIDL Fund

Ethena stablecoin UStb was launched as an alternative to its existing USDe stablecoin.

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Hong Kong Crypto Scam Robs 13 Investors Of HK$14.8 Million

Thirteen investors lost HK$14.8M in a Hong Kong crypto scam involving fake exchange shops in Kowloon West. Police arrested two suspects; others remain at large.