Plasma price pattern points to rebound, transactions jump

The potential of Fully Homomorphic Encryption is set to revolutionize decentralized finance (DeFi) by unlocking trillions in traditional finance. This technology allows for private lending, encrypted credit scores, and confidential transactions, which could significantly enhance privacy and security in financial dealings. As DeFi continues to grow, these advancements could attract more users and investors, making the financial ecosystem more inclusive and efficient.

LINK is gaining traction as the Plasma network integrates Chainlink's services, enhancing its stablecoin capabilities. This partnership is significant as it not only boosts the functionality of Plasma but also showcases the growing importance of oracles in the blockchain ecosystem. By providing essential data and cross-chain services, Chainlink is helping to pave the way for more robust and versatile stablecoin applications.

Plasma, a cutting-edge layer-1 blockchain designed for stablecoins, has officially partnered with Chainlink to utilize its oracle solutions. This integration is significant as it aims to enhance the scalability of applications on Plasma's network, potentially leading to improved performance and user experience. By leveraging Chainlink's technology, Plasma is positioning itself to better meet the demands of developers and users alike, making this collaboration a noteworthy development in the blockchain space.

DeFiLlama has decided to delist the perpetual volume data for Aster due to concerns over its integrity. The analytics platform found that the trading volumes on Aster were almost perfectly correlated with those on Binance, raising red flags about the reliability of the data. This decision is significant as it highlights the ongoing challenges in ensuring transparency and trust within the decentralized finance space, which is crucial for attracting users and investors.

Bitcoin has reached a new all-time high, surpassing $125,000, marking a significant milestone in its journey. This surge is attributed to increased demand from US-listed spot Bitcoin ETFs, which have played a crucial role in driving the price up. As markets continue to gain momentum into October, this record high not only reflects the growing interest in cryptocurrencies but also signals potential for further investment and market activity. It's an exciting time for Bitcoin enthusiasts and investors alike.

The recent disagreement among SEC commissioners regarding crypto custody rules for registered advisers and funds highlights the ongoing debate in the financial sector about how to regulate digital assets. This matter is significant as it could shape the future of how financial institutions handle cryptocurrencies, impacting both investors and the broader market.

Aster, the perpetual futures exchange backed by CZ, has seen a remarkable surge in activity, handling over $571 billion in weekly volume. Despite a recent cooling off, the fundamentals indicate that the platform is poised for further growth. This is significant as it highlights the increasing interest and investment in cryptocurrency trading, suggesting a robust market ahead.

This week, the stablecoin market saw a remarkable surge, adding $6.1 billion, with USDT, USDC, and USDe leading the charge in a total market cap of $302 billion. This growth highlights the increasing confidence in stablecoins as a reliable digital asset, especially in uncertain economic times. Investors are turning to these cryptocurrencies for stability, which could signal a shift in how digital currencies are perceived and utilized in the broader financial landscape.

Whales are making significant moves in the cryptocurrency market, coinciding with a remarkable week for Bitcoin and Ethereum ETFs, which saw inflows of $4.5 billion. This surge in investment indicates a renewed confidence among large investors, as many are transferring their assets from exchanges to self-custody wallets. The data from on-chain tracker Lookonchain highlights this trend, showing that newly created wallets are withdrawing substantial amounts of Bitcoin and Ethereum. This shift not only reflects the growing interest in these digital assets but also suggests a strategic approach by whales to secure their holdings.