Kage: Revolutionizing Geolocation Data Collection Through Gaming

The cryptocurrency market has experienced a significant downturn for the third consecutive day, with the DePIN sector suffering a notable decline of over 7%. Major cryptocurrencies such as Render (RENDER) and Filecoin (FIL) have both seen their values drop by more than 7%. Bitcoin has slipped 2.19%, falling below the $109,000 threshold, while Ethereum has dipped under the $4,000 mark. This trend of declining prices is not isolated to just a few tokens; other sectors including DeFi, CeFi, and Layer1 have also reported declines in the range of 3–4%. Interestingly, amidst this overall market slump, Zora (ZORA) in the Layer2 space has managed to defy the trend, posting an impressive gain of 18%. This divergence highlights the volatility and unpredictability of the crypto market, where certain projects can thrive even when the broader market is struggling. The declines in the major indices, including ssiDePIN, ssiAI, and ssiGameFi, which dropped 6.14%, 5.69%, and 5.44% respectively, further underscore the prevailing bearish sentiment across the cryptocurrency landscape. As investors and analysts continue to monitor these developments, the market's direction remains uncertain. The ongoing sell-off raises concerns about the potential for further declines, and many are questioning whether this is a temporary setback or a sign of a more prolonged downturn. With major tokens struggling to maintain their value, the focus will likely shift to upcoming developments and market responses in the coming days.

In a significant announcement to the Streamr Network community, Mark Little has been appointed as the new CEO, marking a crucial phase in the project’s journey towards mainstream adoption. Over the past two years, Streamr has made notable progress, including the launch of its 1.0 Mainnet and the establishment of strategic partnerships aimed at enhancing protocol adoption. However, Little acknowledges that the network has not yet achieved the desired volume of data flow, a challenge faced by many Web3 infrastructure projects. To address this, the focus will shift to the application layer, aiming to attract a larger user base and enhance the overall utility of the technology. Little highlighted the potential of live video streaming, referencing previous explorations through the Subcast project, which were ultimately set aside due to commercial challenges. However, with the MVP1 of StreamrTV now live and receiving positive feedback, the Streamr Council believes that prioritizing live video streaming could lead to significant adoption. Current market players like X Spaces, Zoom, and Twitch are criticized for their suboptimal user experiences, particularly in terms of security, privacy, and censorship resistance—areas where decentralized technology excels. Streamr aims to leverage its core technology to create superior solutions while addressing the Web3 user experience problem. To accelerate progress, Little has announced the appointment of Petri Savolainen as CTO, who brings extensive expertise in peer-to-peer and video streaming technologies. This leadership change is part of a broader initiative to foster a leaner, more focused start-up culture within the team. Little expressed gratitude towards former team members Matthew Fontana and Eric Andrews for their contributions, wishing them well in their future endeavors. He invites the community to engage with the team during the fortnightly Build in Public sessions, emphasizing the importance of collaboration in achieving product-market fit and driving the project forward.

ZBCN, the native token of Zebec Network, has shown remarkable resilience following a significant drop on October 11, which was triggered by renewed tariff threats from former U.S. President Donald Trump against China. In the last 24 hours, ZBCN surged nearly 19%, outperforming other leading DePIN tokens such as Theta Network (THETA), Render (RENDER), and Filecoin (FIL), which experienced gains between 2% and 6%. This surge is attributed to a broader rally in the decentralized physical infrastructure networks (DePIN) sector, driven by renewed interest in AI and infrastructure developments. Zebec Network aims to revolutionize real-time payments and payroll streaming using digital currencies, bridging the gap between traditional finance and blockchain technology. The platform's native token, ZBCN, is integral to its ecosystem, facilitating governance, staking, transaction fees, and rewarding users. Zebec operates within two rapidly growing sectors: Real-World Assets (RWA) and DePIN, focusing on practical applications of blockchain in payments and infrastructure. The token's deflationary model, which includes a monthly buyback and burn program, is designed to increase its scarcity and value over time as usage grows. The recent growth of ZBCN can be attributed to several factors, including favorable market conditions and a strong technical foundation. The token has broken out of a descending channel, indicating potential medium-term strength, and is trading above key moving averages. However, challenges remain, such as sustaining demand for Zebec's services, potential token unlocks that could create selling pressure, and competition from other established players in the DePIN and payments sectors. Despite these risks, ZBCN's recent performance suggests it could continue to gain traction in the evolving blockchain landscape.

The Streamr Network has introduced the AutoStaker plugin, a significant advancement aimed at simplifying the staking process for operators. This new feature automates staking decisions, allowing operators to focus on managing their nodes rather than manually monitoring sponsorship opportunities. By automatically discovering and staking into new sponsorships, the AutoStaker enhances the efficiency of the network, ensuring that operators can capitalize on high-yield opportunities without the risk of overlooking them due to manual oversight. The plugin is available starting from Streamr Node version 103.1.0. The AutoStaker operates seamlessly within operator nodes, scanning for available sponsorships and allocating stakes based on configurable parameters. It prioritizes the DATA/day emission rate of sponsorships, which helps in minimizing gas costs and avoiding excessive competition among operators. The plugin also periodically rebalances stakes to maintain optimal allocations across various opportunities. Operators need to enable the AutoStaker, assign staking agent roles to their nodes, and configure the plugin according to their fleet's needs to get started. This streamlined approach allows for a more responsive network and better overall performance. Looking ahead, the AutoStaker is poised to become a foundational tool for dynamic and automated sponsorships within the Streamr Network. Future developments may include enhancements that support live video streams, taking into account bandwidth and CPU requirements before staking. As operators are incentivized to support these broadcasts, the AutoStaker will not only maximize APY but also contribute to the overall robustness of the network. By adopting the AutoStaker, operators can ensure their competitiveness and efficiency in the rapidly evolving landscape of decentralized data streaming.

In the third quarter of 2024, IoTeX has marked significant achievements within the rapidly growing DePIN sector, further establishing its leadership in the ecosystem. The launch of IoTeX 2.0 stands out as a pivotal moment, introducing a modular infrastructure that supports verifiable DePIN data. This upgrade is designed to facilitate the development of DePIN projects, making it easier for developers to build and scale their solutions. Alongside this, IoTeX has formed strategic partnerships with major industry players like OKX, Solana, and Polygon, enhancing its visibility and collaborative potential in the blockchain space. Following a successful $50 million funding round in Q2, the network has seen a surge in user engagement, with over 218 projects now built on the IoTeX platform, including 51 dedicated to DePIN. The IoTeX network's on-chain activity has also experienced remarkable growth, with daily transactions reaching 26,100, a 107% increase from the previous quarter. The ecosystem supports over 100 tokens and boasts more than 100,000 monthly active users. The rise in staking activity is notable, with over 3.8 billion $IOTX staked, representing approximately 41% of the circulating supply. Additionally, the DePINscan platform has registered over 280 DePIN projects and 18 million devices, solidifying its role as a key data aggregation tool in the industry. Looking ahead, IoTeX is set to launch several innovative products, including ioID and W3bstream, which aim to enhance the verifiability of DePIN devices and provide zero-knowledge proofs for developers. The upcoming Get GOATed Season 2 event is expected to attract even more community members, with substantial rewards on offer. As IoTeX continues to expand its ecosystem and partnerships, it is poised to play a crucial role in the future of decentralized infrastructure and real-world applications in the blockchain space.

The cryptocurrency market has recently experienced a significant recovery, bouncing back from a sharp decline that wiped out approximately $900 billion in value. This downturn was triggered by President Trump's threat of imposing 100% tariffs on Chinese goods, which led to Bitcoin plummeting to near $100,000 and resulted in around $7 billion in liquidations within just an hour. However, macro investor Raoul Pal described this event as a typical "flash crash," which often clears excess leverage from the market and sets the stage for a subsequent rally. As of now, Bitcoin has rebounded to over $115,000, while Ethereum has also regained its position above $4,100. Among the cryptocurrencies benefiting from this recovery are Mantle (MNT) and Bittensor (TAO). Mantle has surged by 31% in the past day, reaching $2.20, with trading volumes increasing by 117% to over $1.1 billion. The project has seen a significant rise in on-chain activity, with active addresses doubling last week, driven by demand for staking and bridge inflows. Meanwhile, Bittensor has climbed 33% to around $420, bolstered by Grayscale's filing for a Bittensor Trust and a $10 million investment from DCG. Both projects are at the forefront of the decentralized AI narrative, attracting renewed investor interest. As the market shifts towards altcoin rotation, several projects are emerging as potential beneficiaries of the ongoing bullish conditions. Bitcoin Hyper (HYPER) aims to address Bitcoin's scalability issues with a Layer-2 network utilizing zk-rollups, while Synthetix (SNX) is making a comeback with its Perps V3 launch, allowing users to trade synthetic assets. Additionally, Best Wallet Token (BEST) is gaining traction with its non-custodial wallet that supports over 60 blockchains, offering unique features like no seed phrases and high staking yields. These projects are worth watching as they align with the current trends in the crypto market.