Blockchain Industry Update: Major Partnerships, Market Milestones, and Cryptocurrency Developments

The blockchain industry continues to evolve with new partnerships, market milestones, and innovative developments. This comprehensive update covers the latest news, from major collaborations to significant price movements and emerging trends.

Major Partnerships:

• Alibaba Cloud has partnered with Conflux Network to boost Web3 adoption in Hong Kong.
• Anchorage Digital introduced custody support for Bitcoin Layer-2 solution Stacks, aiming to attract institutional investors.
• Alchemy Pay expanded its crypto-fiat integration on Algorand.

Market Milestones:

• Ethereum's total value locked (TVL) reached $46 billion, led by Lido and key DeFi protocols like Aave and Maker.
• Bitcoin whales remain unaffected by market volatility.

Cryptocurrency Developments:

• Bitget launched direct deposit in Mexican Pesos (MXN), simplifying cryptocurrency transactions for users in Mexico.
• Tornado Cash saw a resurgence in usage this September, with malicious actors laundering approximately $50 million in stolen cryptocurrency.
• Ripple CTO David Schwartz addressed rumors surrounding the RLUSD stablecoin, indicating that it will likely only be available directly to institutions initially.

Analyst Predictions:

• Arthur Hayes predicts a potential Bitcoin rally next week due to a possible liquidity injection in the world's largest economy.
• Analysts predict that Bitcoin's bull market peak will occur in October 2025.

On-Chain Metrics and Price Analysis:

• Cardano (ADA) is currently trading near a critical resistance level at $0.33 after experiencing uncertainty in the market.
• On-chain metrics from IntoTheBlock suggest that some investors view ADA as a potential buying opportunity, anticipating a market recovery.
• US crypto lobbying expenditure has significantly increased by 1,386% since 2017.

The blockchain industry continues to experience significant growth and innovation, with major partnerships, market milestones, and emerging trends shaping the crypto landscape. From Ethereum's impressive TVL to Bitcoin's structure resembling 2019, these updates provide valuable insights into the current state of the industry.

External Links:

• BlockchainReporter Weekly Crypto News Review: Major Partnerships and Market Milestones
• Bitcoin's Structure Looks Similar to 2019, Top Expert Claims
• Analysts Predict Bitcoin’s Bull Market Peak in 2025
• Ethereum (ETH) Metric Makes Crucial Comeback: Details
• Bitget Launches Direct Deposit Option for Mexican Pesos
• Tornado Cash Sees Resurgence With $50 Million Laundered This September
• Ripple CTO Breaks Silence on RLUSD Stablecoin Rumors
• Cardano (ADA) Rally Brewing? On-Chain Metrics Suggest Investors Optimism
• US crypto lobbying expenditure skyrockets by 1,386% since 2017, study says
• 1.9 Billion Shiba Inu In 24 Hours: SHIB Whales Making Comeback