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πŸ¦ŽπŸš€ Kraken is ready to leave its mark on-chain? πŸ–ŒοΈ

Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox!

Feeling a little bored, Geckos?
   

Things are looking a little slow once more, but AI agents continue to make waves!

 

In today's news:
 

  • Another exchange joins the L2 battle βš”οΈ

  • Stealing magic internet money from the Feds πŸ•΅οΈ

 

Read on!

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24h Hot Searches Worldwide πŸ”₯

  • Moo Deng                 (+135.3%)

  • Goatseus Maximus   (-20.2%)

  • Notcoin                        (+1.1%)

  • KOALA AI                    (-17.5%)

  • Scroll                            (-4.4%)

  • TARS AI                        (+3.6%)

  • SPX6900                      (+0.4%)

What Blockchain Has The Highest Staking Yield?

  

Cosmos (ATOM) has the highest staking yield among blockchains in the top 50 cryptocurrencies, offering up to 18.5%. How do other PoS blockchains fare?
 
Read more to find out.

Another exchange joins the L2 battle βš”οΈ

 

Hot on the heels of Coinbase, Kraken is also looking to launch its own L2 solution.

 

The crypto exchange has just announced its Ink Layer-2, which is built using the OP stack and will be part of Optimism's Superchain collective.
 
According to a recent joint statement with Optimism, Ink will be targeted towards DeFi veterans by providing a variety of on-chain asset management protocols.

 

The network aims to launch with 1-second block times, allowing users to access near-instant transactions across DEXs, yield farms, and lending markets on Ink. 

 

By partnering with Optimism, the Superchain collective also earns a portion of the transaction fees generated on Ink.

 

The Ink testnet is scheduled to launch later in November, with the mainnet slated to go live in early 2025.

Editor's Note:
After the launch of Scroll's native token, it might seem like Kraken might be a little too late to the party. With so many L2s currently live and even more that have to launch their mainnets, it is hard to see how Kraken will be able to offer a better experience compared to the available options out there. However, it is still too early to tell, as we may see a significant influx of liquidity into Ink once it launches, perhaps hoping for a potential governance token airdrop.

 

Tap-to-earn games have drawn in up to hundreds of millions of users in the past few months. Learn about the most popular ones in this video.

Stealing magic internet money from the Feds πŸ•΅οΈ

  

Over $20M worth of funds have been suspiciously moved from one of the US government's on-chain wallets.

 

The funds on that specific wallet were associated with the hack of the Bitfinex exchange earlier in 2016.

The thief had withdrawn almost $7M worth of USDC and USDT worth of Aave before they were transferred to their address, along with $445K worth of Ethereum and $13.7M worth of Aave's interest-bearing aUSDC token.

 

Some of the stolen funds were then converted into ETH on the 1inch aggregator and redistributed into other wallets.

 

AI created memecoins?! Learn all about the hype behind the latest memecoin craze, GOAT.

In Other News...

 

  • Crypto Influencers Are Not Your Friends. A Solana memecoin, promoted by crypto influencers, saw its market capitalization exceed $54 million before being rugged, causing the token price to plummet by 96%.

     

  • Telegram Game 'Tomarket' Reveals Airdrop Criteria. Players must reach at least 'Bronze' level to qualify for the airdrop launching on October 31. The Tomarket team reports that the game has surpassed 40M players.
     

  • Stealing From the Government. On-chain analysts ZachXBT and Arkham report that over $20M in crypto may have been stolen from the US government. The details of the incident remain unclear.
      

  • Microsoft Contemplates Buying Bitcoin. Microsoft is considering investing in Bitcoin, which will be discussed at its shareholder meeting in December. The board of directors recommends voting against the proposal.

Here are the top trending coins for this week!

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