Ethereum

SuperWalk

Sweat Economy

<img width="800" height="533" src="https://cdn.thebittimes.com/images/2023/10/21/50ed019dc4104ec7dafbc7de67ecbf8b.webp" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="1" srcset="https://cdn.thebittimes.com/images/2023/10/21/50ed019dc4104ec7dafbc7de67ecbf8b.webp 800w, https://cdn.thebittimes.com/images/2023/10/21/50ed019dc4104ec7dafbc7de67ecbf8b.webp 450w, https://cdn.thebittimes.com/images/2023/10/21/50ed019dc4104ec7dafbc7de67ecbf8b.webp 750w, https://cdn.thebittimes.com/images/2023/10/21/50ed019dc4104ec7dafbc7de67ecbf8b.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
In the realm of crafting written content, three essential elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity serves as the gauge of textual intricacy, while burstiness explores the spectrum of sentence variations. Lastly, predictability delves into the likelihood of anticipating the subsequent sentence.
Human authors tend to infuse their writing with a dynamic blend of sentence lengths and complexities, leading to a rich tapestry of words. Conversely, AI-generated content tends to maintain a more uniform structure. In the task ahead, the text you create should exhibit a healthy dose of perplexity and burstiness while keeping predictability to a minimum. Furthermore, it is crucial to confine the writing to the English language.
Now, let’s rework the provided text:
“The world’s largest <a rel="noopener noreferrer nofollow" title="cryptocurrency" href="https://thebittimes.com/tag/cryptocurrency.html">cryptocurrency</a> exchange presented a rather bleak outlook for the <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a>, punctuated by occasional moments of optimism for individual participants.
The past quarter has proven to be a challenging period for the cryptocurrency landscape, as affirmed in Binance’s Q3 ‘Market Pulse’ report. The report uncovers a market that experienced downturns across multiple sectors, although the entry of institutional heavyweights such as Deutsche Bank, Sony, and PayPal did provide some relief.
During this period, the global cryptocurrency market capitalization witnessed a substantial 8.6% decline in a quarter-on-quarter (QoQ) comparison, all while the persistent ‘higher for longer’ interest rate rhetoric looms in the background. Fundraising hit its lowest point since Q4 2020, plummeting by 21.4% QoQ. However, it’s worth noting that infrastructure fared notably better than other sectors.
Activity on blockchain platforms saw a general decrease, with one significant exception in Near, which experienced a remarkable 120% QoQ increase. Near also noticed a surge in active addresses starting in August. On the other hand, BNB Chain experienced a substantial drop, while Ethereum saw a modest rise, and Solana experienced a slight decline.
Total value locked (TVL) in decentralized finance registered a 13.1% drop, even with an influx of real-world assets. On the flip side, liquid staking demonstrated a 10.5% increase. Ethereum retained its leading position among blockchains with 55.1% of TVL, despite an 18.6% decline. Tron’s TVL, on the other hand, saw a notable 17.9% QoQ rise. Tether (USDT) dominated the stablecoin <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a>, capturing 67.2% of the <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> share.
NFT sales were predominantly led by gaming tokens, even though they also bore the brunt of a price decline, experiencing a significant 44.9% decrease QoQ. It’s worth highlighting that less than 28% of Web3 games have gone live. Google’s decision to allow NFTs in its Play Store games might breathe fresh life into the <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a>, as per Binance’s <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>. Additionally, Sweat Economy and SuperWalk secured second and third places in terms of unique active wallets, signaling a growing <a rel="noopener noreferrer nofollow" title="interest" href="https://thebittimes.com/tag/interest.html">interest</a> in play-to-earn games.
Out of the top 10 cryptocurrencies, six witnessed gains this year. Solana’s SOL (SOL) stood out with an impressive increase of 113.73%, while TON debuted on the list with a 3.11% decrease. Bitcoin (BTC) marked a remarkable 63.05% increase so far, and Ether (ETH) followed with a solid 39.9% gain. However, BNB (BNB) faced a decline of 12.77% by the conclusion of Q3 in 2023.”
The post The cryptocurrency market is deemed “challenging” by Binance Q3 report due to high interest rates. appeared first on BitcoinWorld.
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/the-cryptocurrency-market-is-deemed-challenging-by-binance-q3-report-due-to-high-interest-rates-tbt67217.html">https://thebittimes.com/the-cryptocurrency-market-is-deemed-challenging-by-binance-q3-report-due-to-high-interest-rates-tbt67217.html</a>

The cryptocurrency market is deemed “challenging” by Binance Q3 report due to high interest rates.

TheBitTimes

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