Judge Certifies Investor Class in Nvidia Crypto Revenue Lawsuit

Bee Maps, formerly Hivemapper, has raised $32 million to expand its DePIN mapping network and introduce a new subscription model for Bee LTE devices at $19 per month. The company aims to increase coverage and scale contributor rewards to meet enterprise demands.

Synnax Labs accused PeckShield Inc. of overlooking vulnerabilities in an audit, leading to a $1.7 million hack of DeFi protocol Abracadabra. After a refund request, PeckShield removed the audit, sparking transparency concerns.

The crypto industry is evolving towards clearer rules, institutional involvement, and transparent systems to rebuild credibility and meet higher standards of privacy. This shift is reflected in the development of protocols like Nightfall and Stablecoin 2.0, emphasizing transparency and shared participation.

Bernstein analysts have given Figure Technologies a positive outlook, citing its potential for growth in the blockchain lending sector. With a new price target of $54 per share, representing over 30% upside, Figure's technology stack is seen as transformative in the consumer loans market.

Grayscale has enabled staking rewards for U.S. investors in its Ethereum Trust ETF and Ethereum Mini Trust ETF, relying on institutional custodians like Coinbase. Staking has also been activated in the Grayscale Solana Trust, pending regulatory approval for ETF conversion.

Vietnam plans to limit its crypto exchange pilot program to five licensed operators, with detailed regulations for taxation, compliance, and operational standards being developed by the Ministry of Finance. The country aims to finalize licensing procedures in coordination with other agencies.

Tyler Warner's daily newsletter, Morning Minute, provides analysis and opinions on Bitcoin's record-breaking performance, with Morgan Stanley allowing brokers to pitch 2-4% Bitcoin portfolio allocations to clients.

The crypto market saw a strong performance in the first week of October, with Bitcoin hitting record highs and the layer-1 sector leading the altcoin charge. Assets like Solana, Avalanche, BNB, Sui, and Aptos posted a 12.54% gain, while other sectors had more modest returns.

Galaxy Digital introduced GalaxyOne, a platform for individual investors, to compete with Kraken and Robinhood. The service offers a dedicated mobile app and features like a "premium" yield for accredited investors, aiming to cater to a specific investor profile.

Bitcoin reached a new all-time high of $125,506, increasing its market dominance to 59%. Experts attribute this surge to factors like stablecoin market cap growth and released funds from the collapsed FTX exchange. The possibility of an altcoin season resurgence remains uncertain.