GizmoLab Report: Cutting-Edge Developments in Web3📈

A Quick TL;DR:

- Robinhood Crypto EU Lists Render Network, Boosting Token's Price

- Justin Sun Elected Prime Minister of Liberland in Blockchain-Based Election

- Worldcoin Partners with Dune for Data Accessibility Before Mainnet Launch

- Ripple's Chris Larsen Donates $1 Million in XRP to Kamala Harris

- Mt. Gox Delays Repayment Plan to October 2025

- Binance's Tigran Gambaryan Denied Bail Amid Health Crisis

Robinhood Crypto EU Lists AI Token Render Network, Sparking 2% Price Surge in 24 Hours

Robinhood Crypto EU has introduced Render Network (RENDR), an AI-powered decentralized GPU rendering platform, to its list of tradable assets, sparking significant market interest. Following the announcement on October 11, RENDR's price saw a 2% jump within 24 hours, signaling positive market reception. Render Network allows users to rent and utilize unused computational power for GPU rendering, with RENDR acting as the platform’s utility token for payments.

This listing gives EU users access to trade RENDR, likely attracting more investors and expanding the token’s reach within the digital asset ecosystem. As the decentralized GPU rendering space continues to grow, market analysts are optimistic about the token’s potential, with some suggesting it could rise toward $10. This move is part of Robinhood’s broader strategy to tap into innovative blockchain solutions and strengthen its position in the European crypto market. The listing is expected to further elevate RENDR's market visibility and solidify its role in the decentralized tech economy.

TRON Founder Justin Sun Elected Prime Minister of Liberland, Marking Blockchain's Role in Political Governance

Justin Sun, founder of the TRON blockchain, has been elected Prime Minister of Liberland, a self-proclaimed micronation situated between Croatia and Serbia. The election was conducted entirely through a decentralized blockchain system, highlighting the growing influence of blockchain in political governance. Liberland, founded in 2015 by Vít Jedlička, embraces libertarian values and cryptocurrencies in its governance model. Sun's election underscores the micronation’s innovative use of blockchain for transparent, secure voting processes.

Liberland’s governance is powered by two key tokens: Liberland Dollar (LLD) for operations and Liberland Merit (LLM) for governance participation. Citizens worldwide, including "e-residents," can engage in governance remotely. The nation’s system of “sunset laws” prevents bureaucratic bloat by automatically expiring outdated regulations. Though not yet recognized internationally, Liberland has built relationships with countries like El Salvador and Argentina. Sun's leadership aims to further Liberland's libertarian vision and expand blockchain's role in governance, positioning the nation as a leader in decentralized political systems.

Worldcoin Partners with Dune Ahead of World Chain Mainnet Launch to Enhance On-Chain Data Accessibility

Worldcoin, founded by OpenAI co-founder Sam Altman, has announced a partnership with web3 data analytics platform Dune ahead of the World Chain mainnet launch. This collaboration aims to improve global access to on-chain data, providing users, including developers, with detailed metrics for blockchain-based projects. The Worldcoin Foundation, along with project contributor Tools for Humanity, is leveraging Dune’s platform to ensure transparency and ease of data exploration across decentralized finance protocols, exchanges, and public projects.

World Chain, built on OP Stack and integrated with Ethereum and Optimism, will provide users with benefits such as priority block space and gas-free transactions for verified humans. Despite challenges, including regulatory issues and token supply concerns, Worldcoin continues to grow its user base, with expanded operations in Europe, Asia, and South America. The project’s World ID verification product has facilitated iris scanning and identity verification, making it a critical component of the blockchain’s human verification system.

Ripple Co-Founder Donates $1 Million in XRP to Kamala Harris Amid Presidential Campaign

Ripple co-founder Chris Larsen has made a significant political move by donating $1 million in XRP to Kamala Harris's presidential campaign. This follows his public endorsement of Harris in September, where he joined 88 other executives in backing her bid for the U.S. presidency. Over the course of her campaign, Larsen has contributed more than $1.9 million to Harris. His donation comes at a time when Ripple is continuing its legal battle with the U.S. Securities and Exchange Commission (SEC), with both sides appealing a lawsuit judgment from August.

Cryptocurrencies have become a central issue in the 2024 presidential race, with both Harris and Donald Trump addressing the growing industry. Harris recently indicated a shift in her policy, stating that she would "encourage innovative technologies," including crypto, in contrast to Trump’s consistently pro-crypto stance. Larsen, a fixture in the crypto space, founded Ripple (formerly OpenCoin) in 2012 and remains its executive chairman.

Mt. Gox Pushes Repayment Plan Deadline to October 2025, Leaving 44,900 BTC Still Unpaid

The trustee overseeing Mt. Gox assets has announced a one-year extension for creditor repayments, pushing the deadline to October 31, 2025. This delay affects over 44,900 Bitcoin (BTC) that remain unpaid to creditors, despite initial repayments starting earlier in 2024. The defunct crypto exchange, once responsible for 70% of global Bitcoin transactions, collapsed in 2014 following security breaches, leaving around 127,000 users locked out of their funds. While $9.4 billion worth of funds has been distributed since July, unresolved procedural issues have slowed repayment progress.

Some users faced delays due to incomplete documentation, while others received double payments, requiring them to return the excess. The Mt. Gox repayment process continues to raise concerns about its impact on Bitcoin prices, as approximately 141,686 BTC, Bitcoin Cash (BCH), and fiat currency are being returned to creditors. At present, the exchange still owes $2.8 billion in assets. Bitcoin prices currently sit at $62,926, reflecting a 5.3% increase in the last 24 hours.

Binance Exec Tigran Gambaryan Denied Bail Despite Meeting Medical Requirements

Tigran Gambaryan, a Binance executive responsible for financial crime compliance, has been denied bail despite reportedly meeting the necessary conditions for release on medical grounds. According to a statement from his family, Gambaryan has been suffering from a herniated disc, rendering him unable to walk without assistance. His health issues have been documented for months, with previous reports conflicting over his condition. Gambaryan was detained in February after flying to negotiate with Nigerian authorities over a ban on several crypto trading platforms.

Initially charged with tax evasion and money laundering, the tax charge was later dropped. His fellow executive, Nadeem Anjarwalla, escaped custody in March during a supervised visit to a mosque. Gambaryan’s wife, Yuki, expressed exhaustion and disappointment over the denial of bail, fearing long-term damage to his health. Meanwhile, U.S. Representative Rich McCormick has been advocating for U.S. intervention, criticizing the lack of attention on Gambaryan’s case, which he attributes to misunderstandings about cryptocurrency and election cycle distractions.

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