Ethereum Foundation Restructures Teams to Focus on Scaling Blockchain, Improving UX

BNB reached a new all-time high above $926, with a 3% increase in the last day. Solana also surged to $240, up 6% in 24 hours. Bitcoin and Ethereum hit their highest marks in September, driving altcoin markets up.

Gemini, a crypto exchange, reached a $4.4 billion valuation on its Nasdaq debut, with shares up 22.6%. The company faced drama with the CFTC nominee and settled a lawsuit for $5 million. Another crypto lender, Figure, saw a 24% jump in shares on its Nasdaq debut.

A Pump.fun duo earned $49,000 in creator fees after their Solana token surged over 2,000%. One member got slapped by fitness influencer Bradley Martyn for trying to steal his hat, leading to a viral moment and a significant increase in their meme coin's value.

Gemini founders Tyler and Cameron Winklevoss predict Bitcoin will reach $1 million, comparing it to gold. They launched their IPO at $28 per share, trading at $37.01 initially.

Solana's price surged over 5% on Friday, reaching a peak above $241, the highest since January, driven by institutional interest. Forward Industries secured a $1.65 billion PIPE deal led by Galaxy Digital, Jump Crypto, and Multicoin Capital, causing its stock to briefly touch $46 before settling at $37.72, still 9.41% higher than the previous day.

Allied Gaming & Entertainment, a Nasdaq-listed company, revealed its investment in Bitcoin and Ethereum as part of a new treasury strategy. The stock, AGAE, surged 105% before settling at a 71% increase. The company plans to further integrate blockchain and digital assets into its operations.

Chainlink has been designated as the primary oracle for Polymarket, ensuring accurate and timely resolution of markets dependent on digital asset performance. This partnership aims to enhance trust in prediction markets through high-quality data and tamper-proof computation, with a focus on cryptocurrencies initially.

President Bukele of El Salvador has been announcing significant Bitcoin purchases, but the IMF claims the government's Bitcoin holdings have not increased. Despite this, blockchain data shows daily additions to the Bitcoin Reserve.

Tether introduced a U.S.-specific stablecoin, USAT, to comply with new laws, led by Bo Hines, former White House executive. USAT, issued by Anchorage Digital, will launch by year-end, headquartered in Charlotte.

The U.S. Attorney’s Office in Massachusetts is pursuing a civil forfeiture case to recover $584,741 in Tether stablecoins from an Iranian individual linked to supplying technology to the Iranian military. The accused, Mohammad Abedini, is associated with a firm providing navigation equipment for drones used in various military operations.