Blockchain Revolution: Samsung Joins Forces with Sony to Support Soneium Blockchain Incubator, Market Review, and More
Blockchain Revolution: Samsung Joins Forces with Sony to Support Soneium Blockchain Incubator, Market Review, and More
The blockchain revolution is gaining momentum, with new partnerships and innovations emerging every day. In this post, we'll delve into the latest updates in the world of blockchain and cryptocurrency, including Samsung's collaboration with Sony to support Soneium blockchain incubator, a daily market review, and more.
Samsung Joins Forces with Sony to Support Soneium Blockchain Incubator
Samsung Next, the venture capital arm of Samsung, has announced its participation in the Soneium Spark program through an investment in Singapore-based Startale Labs. This move is aimed at supporting web3 developers and fostering the long-term growth of the sector.
- Samsung Next investor John Yim stated that the partnership will back Startale Labs, which is "at the forefront of solving key challenges in the Web3 ecosystem."
- Soneium, an Ethereum Layer-2 blockchain launched by Sony Blockchain Solutions Labs, aims to make web3 more accessible to users while offering various meaningful use cases.
- The Soneium Spark incubation program offers investments of up to $100,000 per team to incentivize web3 developers to build dapps on the blockchain.
- Samsung joins other industry players like Circle, Alchemy, and Sony subsidiaries in participating in the incubator.
Samsung's Web3 Ventures:
This partnership is part of Samsung's broader efforts to explore web3 technologies, including its previous collaborations with Polygon-based streaming service Savage and Theta Labs.
Overall, this move highlights Samsung's commitment to supporting the development of web3 technologies and fostering innovation in the sector.
Daily Market Review
The bears are dominant in today's market session as Bitcoin (BTC) and Ethereum (ETH) fail to post gains. The global market cap has decreased by 3.09% over the last 24 hours, while the trading volume jumped by 24%. BTC traded at $56,779 with a 3.8% decrease over the last 24 hours, and ETH traded at $2,403 with a 4.5% decrease.
- On the other hand, Bitcoin SV (BSV), Monero (XRM), and Starknet (STRK) have emerged as top gainers in today's session. BSV has shown a potential bullish breakout after moving above the cloud, while XRM is near the upper boundary of the cloud, suggesting strong resistance. STRK is nearing the middle line of the pitchfork, which often acts as a magnet for price and can serve as dynamic support or resistance.
The analysis suggests that the market remains bearish, with BTC and ETH struggling to gain momentum. However, some altcoins like BSV, XRM, and STRK are showing signs of potential bullish movement. The global market cap's decrease and increased trading volume indicate a volatile market environment.
Whale Wallet Possibly Belonging to Institution Sells Nearly $100,000,000 Worth of Solana (SOL) This Year
A whale wallet, possibly belonging to an institution, has sold nearly $100 million worth of Solana (SOL) this year. According to the crypto tracker Lookonchain, the unknown wallet has sold an average of $2.76 million in SOL every week since January 2024, totaling $99.5 million for the year. The whale still holds $237.68 million in staked SOL.
- A whale wallet has sold nearly $100 million worth of Solana (SOL) this year.
- The unknown wallet could belong to an institution, according to Lookonchain's speculation.
- The whale still holds $237.68 million in staked SOL.
Crypto AI:CON Gains Momentum with ICP and Privasea as Title Sponsors
The Crypto AI:CON event in Lisbon has gained momentum with ICP (Internet Computer) and Privasea as title sponsors. Organized by Lunar Strategy, the conference will take place on November 14-15, 2024, at the LX Factory in Lisbon.
- ICP partnered with Crypto AI:CON as a title sponsor, highlighting its leadership in AI development activity, $25M invested in AI development, and 10x faster AI smart contract performance.
- Privasea announced its partnership with Crypto AI:CON, emphasizing its unique AI x DePIN combo for data privacy, $10M+ raised from top VCs like Binance Labs, and real-world use cases in healthcare, energy, and more.
Conclusion
The blockchain revolution is gaining momentum, with new partnerships and innovations emerging every day. Samsung's collaboration with Sony to support Soneium blockchain incubator, a daily market review, and more highlight the dynamic nature of this rapidly evolving space. Stay ahead of the curve by following our coverage and analysis of the latest developments in blockchain and cryptocurrency.