Largest Crypto Event: Token2049 Draws 20K Attendees, 400+ Exhibitors | Weekly News Recap

GM. Welcome back to BitPinas Key Points: easily digestible news in concise formats for easy reading. In today’s news feature: Token2049 Recap!

Here are the latest crypto news stories in the last 24 hours.

Market Updates 📈

Here are the crypto highlights of the week:

Bitcoin is up 9.0% vs the previous seven days, now at $63,862.64.
The weekly top gainer in the top 100 coins is Bittensor ($557.97), up 83.9%
The weekly top loser in the top 100 is Fasttoken ($2.28), down 8.7%
Noteworthy: Sei ($0.381) is up 30.9% vs the past week.

Feature Story: TOKEN2049 Wraps Up as World’s Largest Crypto Event

Photo for the Article - Largest Crypto Event: Token2049 Draws 20K Attendees, 400+ Exhibitors | Weekly News Recap

By the numbers: TOKEN2049 Singapore concluded with an impressive 20,000 attendees and over 400 exhibitors, making it the largest crypto event globally.

The two-day event, set against the backdrop of the Formula 1 race weekend, attracted key figures from various industries, including sports icons like Max Verstappen and global entertainers like Iggy Azalea.

What happened: Over 300 speakers across four main stages shared announcements and future-forward insights. There were also interactive zones like the ice plunge and recovery station, gong healing, and a climbing wall adding new layers to the event.

The event’s NEXUS Startup Competition saw Battlebound crowned as champions, highlighting the growing role of web3 gaming in reaching mass audiences.
Chromia announced its $20 million Data and AI Ecosystem Fund and the upcoming ‘Asgard’ Mainnet Upgrade, while Chaos Labs introduced Edge, a decentralized oracle protocol that secured $30 billion in volume over the last two months.

Investment News: TOKEN2049 also revealed new initiatives aiming to strengthen the industry’s infrastructure.

MEXC Ventures, Foresight Ventures, and Mirana Ventures launched a fund to expand the Aptos ecosystem.
Telos Foundation announced its new exchange, Telos X, scheduled to go live in Q1 2025.

What’s the significance: There are several announcements at the event that indicates the growing integration of crypto with other sectors.

For educating future generations: “Decoding Crypto with Henri & Hodler” is an interactive childern’s book on bitcoin and blockchain.
AI and decentralization: Decentralized AI Society (DAIS) launched.

What’s next: TOKEN2049 Dubai is scheduled for April 30 – May 1, 2025.

Local Crypto News 🇵🇭

SparkChain Network launched its Node Key NFT sale on September 20.
The Philippines ranked 8th in the Global Crypto Adoption Index 2024 by Chainalysis.
Gamer shared how the $100 he spent for gaming turned to $1,000.
YGG released reminders to help community members avoid scams.

Noteworthy 🌟

Key updates and announcements from around the crypto and blockchain world:

A recent survey revealed that stablecoins are being widely adopted in Nigeria as a form of “crypto dollarization.”
Binance founder Changpeng “CZ” Zhao is set to be released from a halfway house on September 29, 2024.
Donald Trump launched World Liberty Financial, a DeFi platform with a non-transferable governance token.
Solana Mobile announced its second crypto phone, “Seeker,” launching in 2025.

Educational Corner 🎓

Telegram Mini-Apps Guides:

Fintech Guide:

Beginner’s Guide to Investment Profiling

Regulation Watch 📜

Stay informed about the latest regulatory updates from here and around the world and what they mean for you:

Singapore launched an investigation into the unlicensed sale of Worldcoin accounts.
U.K. Finance successfully completed the experimental phase of a tokenization and CBDC platform.
The SEC filed its first enforcement actions against pig butchering scams.
Rep. Ritchie Torres criticized the SEC for possibly inventing the term “crypto asset securities”.

Community Spotlight 🔦

The following people were feature in last week’s community spotlights:

Allen San Miguel, PH Country Manager, OKX. (Sept. 17)

At the Scene 📍

On the ground activations and more. All of the events below are last week in Singapore:

Web3 Transitions Summit (National Gallery Singapore)

Token2049 Day 1 (Sands Expo and Convention Centre)

Tezos Realm event (The Chijmes)

Bitget partnership announcement (Sands Expo and Convention Centre)

Token2049 Day 2 (Sands Expo and Convention Centre)

Chain Fusion Hub by ICP (Fullerton Hotel)

Ton Art Event (National Gallery Singapore)

Solana Breakpoint (Suntec City Singapore)

More Web3 and AI News 💡

Discover the latest in web3 and AI innovation.

OneDegree launched MAMORI, an AI-powered Web3 risk intelligence platform designed to enhance security and risk management in the decentralized ecosystem.
FMW Media invested $10 million into Singapore-based Spinel Network supporting global expansion efforts with Web3 and AI technologies.
The Decentralized AI Society (DAIS) was launched to combat the potential monopolization of AI by tech giants.
SingularityDAO partners with Cogito Finance to integrate tokenized Real World Assets (RWAs) into its AI-powered DynaVaults.

Web3 Gaming Section 🎮

The future of web3 is gaming, and here are the latest news.

W3GG launched the “Quest to Airdrop” campaign to celebrate its upcoming Token Generation Event (TGE).
Everseed‘s new Telegram game, Farm Frens, has soft-launched.
Catizen players are frustrated with low $CATI airdrop rewards, citing discrepancies in the distribution.
The Hamster Kombat Airdrop date was set.