Crypto Morning News: Polymarket considering launching a token, Celestia completes $100 million funding round
TechFlow Selected TechFlow Selected
Crypto Morning News: Polymarket considering launching a token, Celestia completes $100 million funding round
Telegram enhances search security measures, clarifying that it may disclose information about users violating rules to authorities.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Developments
Celestia Foundation Raises $100 Million in Funding Led by Bain Capital Crypto
According to official announcements, modular blockchain Celestia Foundation has completed a $100 million funding round led by Bain Capital Crypto, with participation from Syncracy Capital, 1kx, Robot Ventures, Placeholder, and others. This brings Celestia’s total funding to $155 million. Celestia launched its mainnet beta in October 2023, offering a dedicated modular consensus and data network.
Treasure DAO Votes to Launch L2 Network on zkSync, Mainnet Expected Within 1.5–2 Months
Decentralized gaming platform Treasure DAO announced that the community overwhelmingly approved—by 99.5% support—the proposal to launch the Treasure L2 network within the zkSync ecosystem. Built on ZK Stack technology, Treasure L2 is preparing to roll out its public testnet named "Topaz," with the mainnet expected to go live within the next 1.5 to 2 months. Core Treasure products—including the App, Market, Magicswap, and universal account system Treasure Connect—will be upgraded to support ZK Stack. Multiple partners and development tools such as Eigen DA, Thirdweb, Goldsky, and LayerZero will also join the ecosystem. Treasure is currently working closely with over 10 game projects to ensure a smooth migration to the new network. In the coming weeks, Treasure will host multiple community and developer meetings to discuss transition details and future directions. Additionally, the token swap between Treasure and zkSync Foundation will be executed soon, according to the parameters outlined in the approved DAO proposal (TIP-44).
BinaryX Rebranding Proposal Passes, Will Be Renamed “Four”
Web3 gaming platform BinaryX announced that its rebranding proposal has passed community voting. As per the proposal, BinaryX will officially change its name to "Four." Previously, BinaryX proposed a major brand upgrade, including renaming the project to "Four" and changing its native token BNX to "Four," while maintaining the same total supply.
Insider: Polymarket Considering Token Launch, Aiming to Raise Over $50 Million
According to The Information, prediction market platform Polymarket is considering launching a token to raise more than $50 million to support operations of its cryptocurrency-based prediction markets. Sources indicate that investors in this round would receive token warrants, granting them the right to purchase tokens when Polymarket eventually issues them. Polymarket may use these tokens to verify real-world event outcomes, though no final decision has been made.
ARK Invest: Over 40% of Global Investment This Quarter Flows into AI; AI Could Be the Most Economically Impactful Tech Shift in History
ARK Invest released a report stating that AI-powered "purchasing agents" in the future could automatically compare products and complete purchases across platforms, significantly reducing consumer shopping time. This transformation could disrupt traditional consumer markets and reshape the consumer services industry. ARK Invest noted that OpenAI’s potential valuation could reach $150 billion, making it the third most valuable privately funded company in history, behind only ByteDance and Ant Group. ARK forecasts that by 2030, commercial foundation model providers like OpenAI could generate $3.5 trillion in revenue by enabling $13 trillion worth of AI enterprise software. The report also highlights surging venture capital investment in AI. Including OpenAI’s latest round, over half of U.S. venture capital funding and more than 40% globally this quarter have flowed into AI opportunities. Year-to-date, AI-related VC funding has reached $90 billion, up 50% year-on-year, while non-AI venture investment has dropped to its lowest level since 2016. ARK Invest argues that given the scale of potential opportunities brought by AI, these investments are justified, and the rise of AI could represent the most economically impactful technological transformation in history.
Telegram Enhances Search Security, Clarifies It May Disclose Violating Users’ Information to Authorities
Telegram announced enhanced security measures for its search functionality. Founder Du Rove stated that the company has implemented several actions to combat illegal content, including deploying dedicated moderation teams and AI technologies to remove violating materials; updating globally unified Terms of Service and Privacy Policy to clarify that IP addresses and phone numbers of violating users may be disclosed to authorities; and encouraging users to report unsafe or illegal content via @SearchReport. Du Rove emphasized that these measures aim to prevent criminals from abusing Telegram’s search function and to protect the experience and integrity of nearly one billion users.
Solana Co-founder Shares Startup Survival Strategy: Avoiding Running Out of Cash Is Key
Solana co-founder Anatoly Yakovenko shared key insights on startup survival via social media. He stressed that the sole reason startups fail is running out of cash—avoiding this ensures survival. Yakovenko warned entrepreneurs to be highly cautious about long-term contracts, such as office or data center leases, which effectively act as debt. He recommended keeping contractual expenses below 20% of total spending, as exceeding this threshold could be fatal. He also noted that large teams rapidly burn through capital. Every employee should justify their cost through profit or revenue generation. If a company has 18 months of runway, it must achieve profitability or secure additional funding within 6–12 months. If not profitable after six months, he advised cutting 33% of expenses; after nine months, cut 50%. Given fixed contractual costs cannot be reduced, this might require laying off 50% or even 70% of staff.
10x Research: Bitcoin Poised to Break All-Time High in Q4, Multiple Indicators Signal Bull Run
Crypto research firm 10x Research released a new analysis forecasting that Bitcoin could reach an all-time high in Q4 2024. As the market enters the critical period from October to March, the likelihood of a breakout increases. Since issuing a bullish report on September 9—when Bitcoin traded at $54,800—the market structure has significantly improved. Recent indicators show positive momentum: increased stablecoin minting, rising leverage in futures markets, and repeated buy signals triggered by its trading signal system for Bitcoin, Ethereum, and other cryptocurrencies.
Reflexivity Research Co-founder: Era of Average Individuals Owning a Whole Bitcoin Is Ending
Will Clemente, co-founder of Reflexivity Research, posted on X stating that the era in which ordinary people can own a full Bitcoin is coming to an end. Clemente noted that after this market cycle, unless someone holds a significant amount of Bitcoin, it will no longer function as an early-stage wealth accumulation asset but will fully transition into a wealth preservation tool.
Market Data
Recommended Reading
A Review of Major Projects Announced at Solana Breakpoint 2024
Angles and Conspiracies: The Wild Week of Ethereum Memes—Who Wins in the End?
Inside Blockworks 2049: Asia’s Crypto Market Is Exploding
Analysis and Reflections on Crypto Business Models
Focus on Consumer Applications: Top 10 Finalists from ETHGlobal Singapore
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
深潮TechFlow
