**Blast**, a layer 2 blockchain, has distributed 17% of its native token supply to users who staked **ether (ETH)** earlier this year. The token debuted at $0.03, resulting in an initial fully diluted market cap of **$3 billion**, according to **Ambient Finance**.  The project faced scrutiny last year due to a one-way token bridge that allowed deposits but not withdrawals. Despite this, Blast attracted **$2.3 billion** in deposits between November and March. Currently, it holds **$1.62 billion** in total value locked (TVL), making it the second largest layer 2 network after **Arbitrum**, according to **CoinGecko**. 

Blast is the second largest layer 2 network with $1.6 billion in TVL.

MarketsBlast Token Debuts at $3B Value as 17% of Supply Airdropped to Early AdoptersBlast is the second largest layer 2 network with $1.6 billion in TVL.By Oliver KnightJun 26, 2024 at 2:23 p.m. UTCUpdated Jun 26, 2024 at 2:26 p.m. UTCShare on FacebookShare on LinkedInShare on X(ian dooley/Unsplash)Share on FacebookShare on LinkedInShare on XBlast, the layer 2 blockchain, has distributed 17% of its native token supply to those that farmed points by staking ether (ETH) earlier this year.The token debuted at around $0.03 with an initial fully diluted market cap of $3 billion, according to Ambient Finance.The project was scrutinized last year after it opened a one-way token bridge that allowed users to deposit but not withdraw until the blockchain was live. Blast attracted a total of $2.3 billion in deposits between November and March.The blockchain currently has $1.62 billion in total value locked, making it the second largest layer 2 network after Arbitrum, according to CoinGecko.Read more: Blast, Hyped Layer-2 Chain, Sees Most Deposits Bridge to Yield ManagerEdited by Aoyon Ashraf.DisclosurePlease note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.Oliver KnightOliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.Follow @OKnightCrypto on TwitterRead more aboutBlastairdropDeFi

Blast Token Debuts at $3B Value as 17% of Supply Airdropped to Early Adopters

Blast Token Launches with $3 Billion Market Cap, 17% Airdropped to Early Supporters

Michael Saylor, **co-founder and chairman of MicroStrategy**, has once again made headlines in the cryptocurrency world with a striking prediction regarding Bitcoin. In a recent tweet, he stated that **"99% of Bitcoin will be mined by January 2, 2035."**

Currently, **19,760,384 BTC** has been mined, which is **94.10%** of the total maximum supply of **21 million BTC**. This leaves approximately **1,239,588 BTC** yet to be mined. Saylor's forecast suggests an acceleration in mining activities, indicating that nearly **5% more** of Bitcoin's maximum supply will be mined in the next decade.

If this prediction comes true, it could lead to 99% of Bitcoin's total supply being in circulation much earlier than anticipated. Historically, market analysts believe the last Bitcoin will be generated by **2140**. This scarcity of Bitcoin could significantly impact its market dynamics, potentially driving prices higher as demand outstrips supply. As more Bitcoin is mined, the **economic landscape for miners** may shift, as the rewards for mining new blocks will decrease.

**Bitcoin Price Action**  
Recently, Bitcoin reached a high of **$66,550** in Friday's trading session, marking its highest level since early August. After peaking early Sunday at **$65,988**, it settled at **$65,636**, reflecting a **0.09% increase** over the past 24 hours.  
September has been a promising month for Bitcoin, with prices up more than **11.31%** compared to an average **5.9% loss** seen in previous Septembers over the last decade. Analyst **Ali Martinez** suggests that if Bitcoin ends September positively, the final quarter could witness even more significant gains.

Michael Saylor Epic 99% Bitcoin Prediction Stuns Crypto Community

Michael Saylor's Bold Prediction: 99% of Bitcoin to Be Mined by 2035!

**China's former Vice Minister for Finance** has emphasized the importance of studying the latest **cryptocurrency policy adjustments**. He argues that these changes are **crucial** for understanding the evolving landscape of digital currencies. As China continues to navigate its stance on cryptocurrencies, the implications of these policies could significantly affect both local and global markets. Keeping abreast of these developments is essential for investors and policymakers alike.

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China's Former Finance Minister Urges Urgent Review of Latest Crypto Policies

The **skyrocketing value of Cybro** poses a significant challenge to **Chainlink's market supremacy**. This sudden surge has caught the eye of investors, raising questions about the future of crypto giants. Discover which emerging coins are now primed for substantial growth in this evolving landscape.

## CYBRO Presale Achieves $2.5 Million Milestone: A One-in-a-Million Investment Opportunity

**CYBRO** is capturing the attention of crypto whales as its exclusive token presale quickly surges above **$2.5 million**. This cutting-edge platform offers investors unparalleled opportunities **to maximize their earnings** in any market condition.

Experts predict a potential **ROI of 1200%**, with CYBRO tokens available at a presale price of just **$0.03** each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest. In an exciting development, CYBRO has also launched a **referral program**, offering **12% from direct referees’ token purchases**, **3% from second-level referees**, and **2% from third-level referees**. Rewards are sent weekly in USDT, and referees earn double CYBRO Points on their first deposit using the referral code.

![CYBRO](https://bravenewcoin.com/wp-content/uploads/2024/09/CYBRO-banner.png)

In addition to tokens, CYBRO introduces exclusive **Points**, providing even greater benefits for investors. These Points grant automatic entry into the **CYBRO Airdrop**, where the number of tokens you receive is proportional to the Points you hold. Up to **1 million Points** are distributed weekly, earned by investing in CYBRO’s DeFi Vaults.

Holders of CYBRO tokens will enjoy lucrative **staking rewards**, **exclusive airdrops**, cashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform.

With only **21% of the total tokens available** for this presale and approximately **80 million already sold**, this is a **golden opportunity** for savvy investors to secure a stake in a project that’s truly one in a million.

## Chainlink: Bridging Blockchain and Real-World Interactions

**Chainlink** is a decentralized network making smart contracts smarter. It connects blockchain with real-world data, allowing contracts to access external sources securely. The network uses oracles to gather data, verifies its validity, and sends it to smart contracts. Chainlink’s setup ensures data is accurate and safe, thanks to its mix of on-chain and off-chain operations. The **LINK token** plays a vital role by rewarding data providers and enhancing system security. This coin’s function boosts contract utility, making blockchain tech more practical for real-world applications. Chainlink’s architecture shows a practical solution for bridging digital and physical data worlds.

The skyrocketing value of Cybro poses a significant challenge to Chainlink's market supremacy. This sudden surge has caught the eye of investors, raising questions about the future of crypto giants. Discover which emerging coins are now primed for substantial growth in this evolving landscape. Readers will uncover the potential new leaders in the digital currency realm.

Is Cybro the Next Big Thing? Exploring Its Surging Value Against Chainlink

# Unbelievable Gains: How Bitcoin, Ethereum, and Dogecoin Transformed Investors' Fortunes Since 2020

The market reached its **pandemic-induced bottom** on **March 23, 2020**, after a dramatic sell-off that wiped trillions of dollars from global markets. However, swift action by the **Federal Reserve**, including slashing interest rates to near-zero and launching aggressive asset-purchasing programs, helped instill confidence in financial markets.

The federal government also rolled out multi-trillion-dollar **stimulus packages** like the **CARES Act**, which included direct payments to Americans, expanded unemployment benefits, and forgivable loans to businesses.

As a result, major U.S. stock indices began an extraordinary recovery. The **SPDR S&P 500 ETF**, which tracks the broader market, rebounded by a staggering **149.8%** from its March 2020 low. 

The **Invesco QQQ Trust Series 1**, which primarily tracks the tech-heavy **Nasdaq-100** index, surged even higher, returning **185.2%**, while the **SPDR Dow Jones Industrial Average ETF Trust**, reflecting the performance of the **DJIA**, saw a **120.4%** gain over the same period. These remarkable returns have rewarded investors who remained patient during the unprecedented turmoil.

## Tech Stocks and Retail Favorites Lead the Rally

The market recovery was largely driven by **technology stocks**, which benefited from the rapid acceleration of digital transformation during the pandemic. Companies like **Apple**, **Amazon**, **Microsoft**, and **Tesla** experienced explosive growth as work-from-home trends and e-commerce dominated. 

Meanwhile, stocks like **GameStop** and **AMC Entertainment** became poster children for retail investors, particularly those congregating on forums like **Reddit's WallStreetBets**. These retail favorites skyrocketed in 2021, with price surges fueled by short squeezes and social media-driven trading, despite their companies facing significant fundamental challenges.

## Cryptocurrency's Meteoric Rise

As equities boomed, the **cryptocurrency market** experienced an even more dramatic rise. Investors who took positions in major digital assets at the March 2020 bottom saw historic gains. **Bitcoin (BTC/USD)**, for instance, surged from around **$5,000** in March 2020 to all-time highs near **$75,000** in early 2024. For those who invested **$100** in Bitcoin at the market bottom, their investment would have grown to an astonishing **$1,265.85** by the present day.

**Ethereum (ETH/USD)**, the second-largest cryptocurrency by market capitalization, experienced even more substantial growth. Its value increased from roughly **$110** in March 2020 to over **$4,800** at its peak in 2021. A **$100 investment** in Ethereum back then would now be worth **$2,174.05**, thanks to its growing use in **decentralized finance (DeFi)** applications and the popularity of **non-fungible tokens (NFTs)**.

**Dogecoin (DOGE/USD)**, initially created as a joke, emerged as one of the biggest winners, fueled by celebrity endorsements and viral social media campaigns. Dogecoin's value exploded, giving those who invested **$100** at the market's low a return of **$7,463.60**—a staggering **7,463%** increase, highlighting the speculative fervor in the crypto markets.

**What's Next**: As the debate over cryptocurrency regulation heats up, these topics will be further explored at Benzinga’s **Future of Digital Assets** event on **Nov. 19**, where key industry leaders and policymakers will gather to discuss the evolving role of digital assets in politics and finance.

The market reached its pandemic-induced bottom on March 23, 2020, after a dramatic sell-off that wiped trillions of dollars from global markets.

Unbelievable Gains: How Bitcoin, Ethereum, and Dogecoin Transformed Investors' Fortunes Since 2020

# Scottie Pippen's Dream Encounter with Satoshi Nakamoto

One of the top NBA players of the past, **Scottie Pippen**, has recently been in the spotlight for claiming that he received a message from **Satoshi Nakamoto**, the mysterious creator of Bitcoin, during a dream. In his tweet, Pippen stated that Satoshi appeared holding a basketball and conveyed a **short and sweet message**: the **Bitcoin bull run starts on Monday**.

## Why Satoshi's Message Matters

According to Pippen, the reason behind this bullish forecast was tied to the release of **Changpeng Zhao (CZ)**, the co-founder of **Binance**, who had just finished a four-month prison term for violating U.S. securities laws. Pippen humorously added that Satoshi instructed him to attend basketball practice after sharing this insight.

## Community Reactions

The crypto community reacted with skepticism, with some commenters questioning whether Pippen was genuinely behind the tweet, suggesting it might be a social media team's opportunistic ploy.

## The Context of CZ's Release

On **September 27**, CZ was released from prison, having served only four months, which many believe could potentially trigger a **bull market** for Bitcoin and the broader cryptocurrency sector. **Ki Young Yu**, founder of the on-chain data company **CryptoQuant**, tweeted that CZ's return could lead to a skyrocketing market, especially if he simply announces his return.

With **October** approaching, a month historically known for bullish trends in the crypto world, often referred to as “**Uptober**,” the anticipation is palpable.

![Bitcoin Bull Run](image_link_placeholder)  

Stay tuned as we monitor these developments and their impact on the cryptocurrency landscape.

'Bitcoin Bull Run Starts Monday,' Satoshi's Message to NBA Legend Says

Scottie Pippen Claims Bitcoin Bull Run Starts Monday – Is Satoshi Talking to Him?

## Market Overview

Benzinga analyzed the latest trends in the stock market, including **Bitcoin** and **Shiba Inu**, amidst a backdrop of economic changes. The **Dow Jones Industrial Average** reached a record high last Friday, indicating that investors are optimistic about the ongoing efforts to reduce inflation. Wall Street has seen three consecutive weeks of gains, with the **S&P 500** and **Nasdaq** also posting significant increases.

## Economic Indicators

The **personal consumption expenditures index**, the Federal Reserve's preferred measure of inflation, rose by **2.2%** in August compared to the previous year, which was below economists' expectations. This comes after the Federal Reserve's recent **0.5% interest rate cut**, the first in over four years.

## Highlights of the Week

### The Bulls
- **Apple Inc.** is projected to generate **96%** of its **2025 revenue** from iPhone sales, making it a safer investment compared to AI-focused companies like **Amazon** and **Microsoft**.
- **Shiba Inu** experienced a **29% surge** following updates about the upcoming **SHI stablecoin**, crucial for the **Shibarium** ecosystem, as teased by lead developer **Shytoshi Kusama**.

### The Bears
- **Peter Schiff** expressed concerns about **Bitcoin's** 35% decline compared to gold since November 2021, questioning the commitment of Bitcoin investors amidst significant media attention.

For more insights, Benzinga continues to track the most popular stocks and cryptocurrencies among investors, providing a comprehensive overview of the market's bullish and bearish sentiments.

Benzinga examined the prospects for many investors&#8217; favorite stocks over the last week — here&#8217;s a look at some of our top stories. The Dow Jones Industrial Average hit a record high Friday as investors analyzed data showing continued progress in lowering inflation. Wall Street posted its third straight week of gains.

Market Insights: Bitcoin's Performance Amidst Economic Shifts and Shiba Inu's Surge

The crypto world has reached a significant milestone this year with the approval of **Bitcoin** and **Ethereum ETFs**, showcasing the growing acceptance of digital assets on both Wall Street and Main Street. As traditional financial institutions adapt, an increasing number of Americans are considering cryptocurrencies as a viable investment option, which could influence the upcoming presidential race.

### Bipartisan Interest in Crypto
“Throughout this election cycle, it’s evident that cryptocurrency has become a priority for both parties,” states **Hany Rashwan**, co-founder and CEO of **21Shares**. The **Democratic nominee**, **Kamala Harris**, has publicly committed to investing in digital assets and consumer protections, reflecting a shift in the Democratic stance towards the crypto industry, similar to the Republicans.

### Candidates Competing for Crypto Voters
Both presidential campaigns are intensifying efforts to win over crypto voters. Analysts point out that there is still much work to be done to establish comprehensive **Web3 policies** that could enhance the U.S.'s global competitiveness in the crypto space.

### Legislative Developments
The momentum for crypto regulation is building, with **Rep. Maxine Waters** advocating for a “grand bargain on stablecoins” before the year ends. This comes after two years of bipartisan discussions aimed at creating a regulatory framework for stablecoins, signaling potential progress in crypto regulation.

### Crypto Adoption on the Rise
It’s been a pivotal year for crypto adoption among U.S. investors, with about **40% of American adults** now owning cryptocurrency, up from **30%** in 2023. The approval of Bitcoin ETFs has significantly boosted confidence in the market, with **21% of non-owners** indicating they are more likely to invest in crypto following these developments.

### Trump’s Crypto Agenda
**Donald Trump** is actively courting crypto voters, having shifted from skepticism to embracing cryptocurrencies, dubbing himself the **“crypto president.”** His campaign has included launching a new batch of **NFT trading cards** and promoting a crypto project run by his sons, despite questions regarding the legitimacy of these ventures.

### Harris Campaign's Crypto Strategy
Meanwhile, Kamala Harris's campaign is making strides by accepting **crypto donations** through **Coinbase Commerce**, a notable change from the Biden administration's cautious approach. Harris has expressed intentions to drive crypto legislation to ensure the U.S. remains dominant in the blockchain space.

### The Road Ahead
Despite the progress, the U.S. still lags behind other advanced economies in establishing a mature regulatory framework for cryptocurrencies. With increasing interest and demand for crypto products, lawmakers are also addressing these issues at the state level, with many proposed bills currently under consideration.

As the election approaches, **crypto swing states** could emerge, with voters pushing for clear regulations to foster growth and job creation in the sector.

Kamala Harris seeks to make inroads with crypto industry after Trump goes all in.

Blast Token Launches with $3 Billion Market Cap, 17% Airdropped to Early Supporters

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Michael Saylor's Bold Prediction: 99% of Bitcoin to Be Mined by 2035!

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Other Latest News

Michael Saylor's Bold Prediction: 99% of Bitcoin to Be Mined by 2035!

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Is Cybro the Next Big Thing? Exploring Its Surging Value Against Chainlink

Unbelievable Gains: How Bitcoin, Ethereum, and Dogecoin Transformed Investors' Fortunes Since 2020

Scottie Pippen Claims Bitcoin Bull Run Starts Monday – Is Satoshi Talking to Him?

Market Insights: Bitcoin's Performance Amidst Economic Shifts and Shiba Inu's Surge

How Crypto Voters Are Shaping the 2024 Presidential Election Landscape