What’s Interesting Today:
OnePiece Labs and Sei are set to host a virtual Demo Day on November 6 at 5:30pm PT to showcase 11 startups selected from their 10-week incubator program. The program focuses on GameFi, SocialFi, and AI+Web3 sectors, and participants have all deployed on the Sei blockchain, a layer-1 chain geared toward trading apps. The startups, chosen from over 200 entrants, include projects like Vdex, Kawa Protocol, and EPAL. Mentors for the incubator come from diverse organizations such as Sei, Galxe, Animoca Brands, and Coinbase. The Demo Day follows a pitch competition and a hackathon held earlier in the year and will feature product demos and insights from the founders of Sei and key team members at OnePiece Labs. OnePiece Labs has a history of investing in early-stage startups and organizing community events to foster Web3 innovation.
Bitcoin's price saw a dramatic surge, almost hitting $30,000, fueled by incorrect reports that the U.S. Securities and Exchange Commission (SEC) had greenlit BlackRock's iShares Bitcoin Trust ETF. The false information was first disseminated by the cryptocurrency news platform Cointelegraph, which later removed the tweet and apologized. Even after the retraction, the crypto market remained highly volatile, resulting in nearly $79 million in short positions being wiped out in the hours that followed. BlackRock verified that their ETF proposal is still pending SEC approval. The incident underscored the market's keen responsiveness to news concerning potential Bitcoin ETF authorizations.
Trade BITCOIN BTC-PERP on Demex!