DeepNewz

DeFi
Scallop Surpasses $150M TVL, $80M Borrowing, $47M Swap Volume, Launches New Incentive Program
Scallop, a DeFi lending protocol within the Sui Network ecosystem, has achieved significant milestones

Blockchains
Stacks Ecosystem to Upgrade with Nakamoto Activation on October 9
The Stacks ecosystem is poised for significant upgrades with the upcoming Nakamoto activation, targeting Bitcoin block #864864, expected to occur on October 9th

Infrastructure
Jeff Garzik's Hemi Network to Connect Bitcoin and Ethereum with Tunneling
Jeff Garzik, an early Bitcoin core developer, is pioneering the Hemi Network to connect Bitcoin and Ethereum using a novel 'tunneling' approach

TradFi & Fintech
BlackRock Requires 12-Hour Withdrawals for Bitcoin ETF Amid Coinbase cbBTC Transparency Concerns
BlackRock has amended its Bitcoin ETF, $IBIT, custody agreement with Coinbase to require 12-hour withdrawals

DeFi
Stablecoins Challenge Fiat in Eastern Asia, Hong Kong Leads with 40% Crypto Value
Stablecoins and cryptocurrencies are gaining significant traction in Eastern Asia, challenging the dominance of traditional fiat currencies

Blockchains
China Leads Bitcoin Mining with 55% Hashrate Despite Ban, Says CryptoQuant
The competition in Bitcoin mining has intensified, with China currently leading the race

DeFi
tBTC Officially Launches on Aave on September 23, Marking Major BitcoinFi Development
tBTC has officially launched on Aave on September 23, marking a significant development for BitcoinFi

Markets
BlackRock CEO Larry Fink Endorses Bitcoin as Legitimate Financial Instrument Amid Gains
BlackRock CEO Larry Fink has expressed strong support for Bitcoin, describing it as a legitimate financial instrument that offers uncorrelated returns

TradFi & Fintech
21Shares and 21co Integrate Chainlink Proof of Reserve for 21BTC on Ethereum and Solana
21Shares and 21co have integrated Chainlink Proof of Reserve (PoR) on Ethereum and Solana to enhance transparency for 21BTC, their wrapped Bitcoin product

Markets
$1 Trillion Standard Chartered Predicts Bitcoin to Hit $200K by 2025
Geoff Kendrick, head of digital assets research at $1 trillion Standard Chartered bank, predicts that Bitcoin could reach $200,000 by the end of 2025.





