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imToken Monthly | October 2024

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🫰 GM imToken fam!

September was a month of market shifts. With the U.S. Federal Reserve’s first interest rate cut in four years, financial markets saw increased volatility, and BTC reached $66,498, while ETH hit $2,728.

That same month, imToken introduced some exciting updates: we launched the one-click energy rental feature for TRX accounts, enabled a seamless $EIGEN airdrop claim experience, and made our mark at the Bitcoin Singapore 2024 conference. We also hosted community events, including the Monad & Bulu emoji design and Scroll cross-chain activities.

Let’s dive into these highlights together!

🎉 imToken Highlights

imToken 2.15.6: TRON USDT Transfer Upgrade

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imToken has optimized the USDT transfer function for TRX accounts. By upgrading to version 2.15.6, users can experience one-click energy rental, more convenient transfers, and save up to 50% on transfer fees. Click here to view the tutorial.

One-Stop $EIGEN Airdrop Claim on TokenHub

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EigenLayer unlocked the transfer function of $EIGEN on September 30. Users who participated in EigenLayer staking can claim $EIGEN tokens directly on TokenHub. After claiming, you can easily exchange these tokens for others via Tokenlon, the built-in DEX in imToken.

Head over to TokenHub to explore more airdrop opportunities.

imToken × Bitcoin Singapore

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Bitcoin Singapore 2024 took place on September 19, and the imToken team was there in full force! We set up an engaging booth where Bitcoin enthusiasts explored imToken's powerful wallet features, learned about the latest Bitcoin network updates, and discovered how to get the most out of our App

Community Events

Monad & Bulu Emoji Design 

Participants who designed emojis featuring elements of Molandak and Bulu had a chance to win a $100 reward.

Scroll Cross-Chain Transfers

By engaging in cross-chain transactions on the Scroll network via Orbiter in imToken, participants stood a chance to win a share of the $50,000 prize.

🔥 Hot Picks

  • Uniswap Labs Settles with CFTC Over Unlawful Leveraged and Margin Trading
    The U.S. Commodity Futures Trading Commission (CFTC) fined Uniswap Labs $175,000 for illegally offering digital asset leverage and margin trading through a decentralized protocol, in violation of the Commodity Exchange Act. The fine was reduced due to Uniswap Labs’ cooperation during the investigation.
  • The U.S. Federal Reserve Cuts Rates by 50 Basis Points, Bitcoin Reaches $61,000
    On September 18, the Federal Reserve lowered the benchmark interest rate by 50 basis points to a range of 4.75%-5%, marking the first rate cut in four years in response to economic uncertainty. Influenced by this news, Bitcoin prices surged to $61,000.
  • Binance Founder CZ Released from Prison
    Changpeng Zhao (CZ) was sentenced to four months in prison for violating the Bank Secrecy Act by failing to establish an adequate KYC program at Binance. He was released early on September 27 (originally scheduled for release on September 29).
  • Vitalik at Token2049: The Early Days of Cryptocurrency are Over
    Vitalik stated that while crypto is no longer in its infancy, it remains early in terms of practical usability. He emphasized the need for the industry to balance decentralization with meeting mainstream needs, without sacrificing decentralization for utility, or only appealing to a small user base.
  • Celo Challenges TRON’s Leadership in Active Stablecoin Addresses
    Celo is challenging TRON’s leadership in active stablecoin addresses, with Celo’s seven-day average of daily active addresses reaching nearly 700,000, comparable to TRON. This growth has been driven by Tether deploying USDT on Celo in March, with the current supply exceeding $200 million.

📚 imToken Content Learning

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💡 Partner Highlights Review

Tokenlon's 31st Trading Mining Phase Ends

Tokenlon completed the 31st phase of LON trading mining on September 2, 2024. This phase achieved a total trading volume of $523 million, generating $998,500 in revenue and buying back 577,600 LON tokens worth $570,100.

🚀 Wonderful First Look

In the next version, imToken will expand account types, optimize account functions, and improve the convenience of token management. Stay tuned for imToken X to learn about the latest updates, and make sure to update your imToken to the latest version.

Follow imToken’s Official Channels

Keep up with all the newest announcements, progress updates, and future roadmap by following along right here.