‍City Protocol Aims to Revolutionize IP Market with Blockchain Technology City Protocol is launching a decentralized initiative to transform intellectual property (IP) into liquid, scalable, and globally accessible on-chain assets. This approach aims to provide creators with early-stage capital and foster community participation. The protocol's ecosystem includes an IP Assetization Engine, IP Launchpad for funding, IP Capital Pools for liquidity, and an IP Governance Framework for community decision-making. Backed by experts from Animoca, HSBC, and investors such as Jump Trading, City Protocol seeks to establish the on-chain cultural capital market.
‍Roger Ver Settles Tax Evasion Case for $49.9 Million Prominent Bitcoin advocate Roger Ver has reportedly reached a settlement with the US government, agreeing to pay $49.9 million plus all owed taxes, penalties, and interest. This follows a deferred prosecution agreement and signals the likely dismissal of criminal charges related to alleged tax evasion on his Bitcoin holdings before renouncing US citizenship. The settlement underscores the IRS's increasing focus on crypto tax compliance, serving as a stark reminder for investors to accurately report all digital asset gains and seek professional advice.
‍BlackRock Reports Record Quarter Driven by Crypto ETFs BlackRock's iShares ETFs saw record growth, attracting $205 billion in net inflows in Q3, largely due to surging demand for its crypto products. The firm's digital asset ETFs alone garnered $17 billion in inflows for the quarter, reaching nearly $104 billion in AUM by September. The iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA) have become key performers, attracting significant institutional interest due to regulatory clarity, custodial safeguards, and simplified accounting. This trend supports Bitcoin's recent rally and its growing perception as a store of value.
‍MICHELIN Celebrates Two Years of Web3 Success with 3xplorerClub MICHELIN's 3xplorerClub initiative, launched in October 2023 with 2,400 NFTs, has become a notable Web3 success for a legacy brand. The NFTs act as digital passports, offering holders access to exclusive real-world experiences and digital collectibles, emphasizing utility over speculation. The project fosters community through strategic partnerships, including a recent collaboration with Pudgy Penguins, and emphasizes transparency via AMAs and consistent communication. This approach has built credibility and offers a blueprint for other brands entering the Web3 space.
‍Bitcoin Under Pressure: Whale Shorts Target $107K as Market Volatility Increases Bitcoin has recently dipped to multi-week lows, retesting critical support levels. A notable Bitcoin whale has significantly increased their short position, now valued at nearly half a billion dollars with 10x leverage, raising concerns of market manipulation. Analysts are pointing to $107,000 as a potential near-term price target, with $109,000 and $108,000 also discussed as key levels reflecting a weak market structure. The yearly open below $93,500 remains a crucial long-term floor. A broader risk-off sentiment is also impacting digital assets, with US stocks down and gold retreating. Traders are advised to maintain a cautious, low-risk approach and conduct thorough research.
‍US Seeks Record $14.2 Billion in Bitcoin from Global Crypto Scam The U.S. Department of Justice has initiated a historic civil forfeiture action, targeting 127,271 Bitcoin (valued at over $14.2 billion) linked to a massive "pig butchering" cryptocurrency scam. This marks the largest forfeiture of its kind in U.S. history. Federal prosecutors allege that Chen Zhi, founder of Cambodia-based Prince Holding Group, orchestrated the elaborate scheme, defrauding victims worldwide. "Pig butchering" scams involve fraudsters building trust over time before convincing victims to invest in fake cryptocurrency platforms. This action sends a strong message to cybercriminals and highlights international law enforcement cooperation against crypto-related financial crimes. It also serves as a reminder for the crypto community about the importance of due diligence and vigilance against fraudulent schemes.
‍Ethereum Correction: Analysts Eye $10K Amidst Bull Flag Formation Ethereum (ETH) experienced a notable price dip, triggering significant liquidations. However, market analysts remain optimistic, identifying a bullish flag pattern on the weekly chart. Key support levels around $3,800 are crucial. If ETH holds this support and breaks above $4,440, a technical target of $10,050 could be within reach. Analysts like Michael van de Poppe and Titan of Crypto suggest the current dip is a healthy correction, potentially leading to further uptrend.
‍CZ Mention Ignites Memecoin Surge: $3K to $2M in Hours A single mention by Binance co-founder CZ on X propelled a memecoin named '4' from a $3,000 investment to $2 million within hours. The surge was fueled by the coin's extremely thin liquidity and amplified by social media attention following a BNB Chain account hack. Early investors saw massive unrealized profits, highlighting the speculative nature of such assets. Traders are advised to verify contract details and have exit strategies in volatile markets.
‍W1 Curates and The Night League Bring Web3 Vision to Frieze London W1 Curates, in collaboration with The Night League, is set to host a landmark event at Frieze Week London, merging art, music, and Web3 technology. The event will feature a panel discussion with Farkoh (President of Rug Radio, Decrypt Media, and Myriad Markets), artist Mr Cenz, and other guests. They will discuss how blockchain, NFTs, and decentralized platforms are transforming the creative landscape. Following the panel, an immersive Frieze Party will showcase innovative visuals and music, embodying the spirit of Ibiza in London. Date: Friday, 17 October 2025 Location: W1 Curates, Oxford Street, London Panel: 6 PM–8 PM BST Party: 9 PM till late