Crypto investors are experiencing renewed optimism as Tether’s market capitalization surpasses $120 billion for the first time, potentially signaling the start of an 'Uptober' rally. The increase in stablecoin supply, particularly Tether's USDt, often indicates that investors are preparing for a bullish market. Additionally, Ethereum co-founder Vitalik Buterin announced the network's upcoming 'Verge' upgrade, aimed at enhancing security and accessibility, allowing Ethereum nodes to operate on mobile devices and smartwatches. This upgrade introduces stateless verification, drastically reducing the hardware requirements for running a node. Meanwhile, Kraken plans to launch its own blockchain, 'Ink', in early 2025, focusing on decentralized finance (DeFi) applications. Investor concerns have emerged around potential North Korean involvement in the Cosmos ecosystem, prompting investigations by the FBI. In a related incident, the hacker behind the Radiant Capital theft has moved nearly $52 million in stolen funds to Ethereum, further highlighting security issues in the DeFi sector. Finally, many of the top 100 cryptocurrencies saw gains, with the recently launched Goatseus Maximus leading the surge at over 125%.

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