PDAXScope: BTC soars, ETH validators up, Worldcoin rebrands

Bitcoin Tops $68K, With Dominance Over Crypto Market Hitting New Cycle High (CoinDesk)

According to Coindesk, BTC's ongoing rise past $68K as of Wednesday, October 16, was the first time it reached that point since late July. Most of the crypto market followed BTC's lead, although Coindesk also notes that this "dominance" is underscored by ETH's comparative underperformance within the same timeframe, exhibiting a series of deeper lows.

Ethereum validators up 30% in a year, driven by institutional adoption (Cointelegraph)

The rising tide of the institutional adoption of crypto lifts all boats, as seen in the 30% rise in Ethereum validators over the past year. Cointelegraph cites a report from data scientist Carlos Mercado of Flipside Crypto, highlighting that the validator count surpassed one million in June 2024. The boost is also credited to more developments in the restaking and liquid staking sectors.

Sam Altman's rebranded Worldcoin ramps up iris-scanning crypto project (Reuters)

OpenAI CEO Sam Altman's cryptocurrency project, Worldcoin, is rebranding to "World Network" alongside its World ID initiative. Its controversial data collection system for what they describe as a "digital passport" to differentiate humans from AI chatbots involves scanning human irises with proprietary "orb" technology.

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