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🚀 Are you read to stake your AXS? 💎

Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox! It's October 2021, Geckos!   TikTok, a social media platform, has unveiled TikTok Top Moments, an NFT collection that allows creators to be rewarded and acknowledged for their content on the site.   The NFT drops will be powered by Immutable X, a Layer 2 scaling solution for NFT on Ethereum (ETH).   TikTok Top Moments is reported to include a selection of six TikTok videos from the network's most influential producers to commemorate their contributions to TikTok being one of the world's largest social networks.   In today's news, Visa outlines interoperability concept for CBDC payments, Belt Finance pays the largest bug bounty in DeFi history, and Sky Mavis launches staking with massive airdrop.   Read on!

24h Hot Searches Worldwide 👀 YIELD App                        (+4.0%) Smooth Love Potion      (+4.8%) Axie Infinity                     (+3.3%) Avalanche                        (+1.0%) Plant vs Undead             (-0.5%) Alchemist                        (+18.5%) Binance Coin                  (+7.9%)

Visa Stepping Up Its Crypto Mission   Visa has made a step toward realizing the central bank digital currencies' (CBDCs) ambition by establishing a model that demonstrates how various CBDCs can make payments with each other.   The "Universal Payments Channel" (UPC) concept details how Visa can support the interconnection between various blockchain networks to facilitate CBDC transfers in the future.   "This is a much longer-term future thinking concept around a way that Visa could potentially help become a bridge between one digital currency on one blockchain and another digital currency on another blockchain," Cuy Sheffield, Visa's head of crypto, stated.   TheBlockCrypto DeFi's Safety Belt   Belt Finance (BELT), an automated market maker (AMM) protocol that runs a yield optimization strategy on Binance Smart Chain (BSC), claims to have given the largest bounty in DeFi history to a white hat hacker who prevented a $10 million bug.   The bounty was reportedly awarded to white hat programmer Alexander Schlindwein who uncovered the vulnerability in Belt Finance's protocol and informed the organization.   Schlindwein was compensated $1.05 million for his work, most of which ($1 million) was provided by Immunefi, with an extra $50,000 supplied by Binance Smart Chain's Priority One fund.   Cointelegraph Sky Mavis is Reaching For The Sky   Sky Mavis revealed today the long-awaited staking functionality, which allows AXS holders to lock the governance token within the platform to receive progressive rewards.   The team intends to distribute 2 million AXS in staking incentives during the first month, which is approximately $150 million at the token's current value.   As part of this new staking effort, Axie Infinity will distribute 800,000 AXS tokens today to community members who joined before October 26, 2020.   Decrypt

You've certainly heard about crypto… but what you may not know about yet is crypto staking. Staking is a great way to benefit from simply owning cryptoassets, regardless of whether their value goes up or down! With eToro's dedicated staking service, you can enjoy simple, secure and hassle-free growth on your crypto investment.   Learn more about crypto staking   Cryptoassets are unregulated in some EU countries and in the UK. No consumer protection. Your capital is at risk. Leverage     It is an investment strategy to gain potential return of the investment by borrowing the money. For example, you could loan from an exchange to conduct a margin trading, where you leverage your positions by buying asset at a low price (with the borrowed money) and sell them at a higher price.    Learn about other Crypto terms here Here are the top trending coins for this week! NFT of the Day 🖼️ Mixed Feelings - Determination Artist: mgxs Gallery: SuperRare   The Gods Mixed Feelings - Determination :gnss:    Check out other NFTs on CoinGecko ___________________________________________________________________ Submit your favorite NFTs here for a chance to be featured as our NFT of the Day! ____________________________________________________________________________________

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