Forbes Launches Web3 Community Center ForbesWeb3 | Cryptocurrency Trends

1.Mainstream Exchange Trends:

• Bitget launches the Bitget TraderPro program, a demo trading competition that gives users a chance to win 10,000 USDT and double their earnings without investing any equity.
• Bitget launches a rebate promotion with a 100,000 USDT prize pool.
• OKX Web3 Wallet launches an inscription tool. The wallet currently supports 15 EVM blockchains.
• Binance to support the BNB Smart Chain network upgrade and hard fork.
• Binance: US$500,000 worth of cryptocurrency to be airdropped to users who use Web3 wallet swap features.
• BingX appoints Vivien Lin as Chief Product Officer and Global Spokesperson.
• Mainstream Exchange Listings (CEX: Token — Time of Listing in UTC)

2.Cryptocurrency Trends:

• Taiko launches Cycle 2 of its US$30 million grant program.
• Tether has a total of 57,576 BTC in holdings and a floating profit of US$1.1 billion.
• Nostr Assets Protocol: Maximum inbound capacity has been reached. All deposits will be temporarily suspended.
• Forbes launches ForbesWeb3, a Web3 community center.
• RabbitHole's Arbitrum STIP backfund proposal passes. RabbitHole will receive 1 million ARB to distribute back to the community.
• ETHGlobal announces its 2024 season schedule with 20 events planned across the globe.
• NFTScan and MintCore jointly launch Mint, a Layer2 network for NFTs.

3.Financing Trends:

• Shadow, a crypto data platform, raises US$9 million in seed round funding led by Paradigm.
• Ten, a Layer 2 network, raises US$7.5 million in funding with participation from DWF Labs and others.
• Phoenix Group, a crypto mining firm, raises US$371 million in an IPO on the Abu Dhabi Stock Exchange.
• QANplatform, a Layer 1 blockchain, raises US$15 million in funding with participation from MBK Holding.

4.Regulatory Trends:

• IRS: Cryptocurrency-related tax evasion cases are surging, with about half of crypto investigations in a year being tax-related.
• The Monetary Authority of Singapore awards DigiFT the Recognised M arket Operator and Capital markets Services License.