Bybit Launches Shariah-Compliant Islamic Account for Muslim Crypto Traders

Daily Top Performer — Sei Network (SEI)

The SPX index was up by 0.25%, driven by strong performance in semiconductor stocks such as Nvidia and Taiwan Semiconductor. Investors are now focusing on upcoming economic data, including home sales and jobless claims, along with the anticipated PCE report and Q3 earnings season. Coindesk Indices, an index measuring broader cryptocurrency market performance was  up by 2.58%, with Bitcoin rising by 1.57% and Ether dropping by 0.42%, in the past 24 hours.

Today's top performer is SEI, which surged 23.4% following the launch of yield-generating LSTs and new incentives in ETH pools by Sei Network.

Sei Network, founded in 2022, is a Layer 1 blockchain ecosystem on Ethereum, designed to enhance trading with lightning-fast speeds. Its features, like parallelization and automatic order bundling, enable rapid transaction finality. Sei Network is introducing new yield-generating LSTs, Seiyan ETH and Super Seiyan ETH, in collaboration with Nucleus and Dinero. Incentives are now live, allowing holders to earn rewards like $DINERO and $iSEI by providing liquidity. Additionally, Jellyverse has launched new ETH pools to enhance the Sei ecosystem. Users are encouraged to participate for potential earnings.

Check Out the Latest Prices, Charts, and Data of SEIUSDT Perp and SEI/USDT Spot!

Talk of the Town:

Bybit has launched an Islamic Account designed for Shariah-compliant crypto trading, responding to the rising demand for Islamic finance solutions in the cryptocurrency market. The account, which was introduced on September 24, 2024, allows Muslim traders to engage in spot trading for 75 cryptocurrencies and utilize trading bots like DCA and Spot Grid Bot. Certified by ZICO Shariah and CryptoHalal, the account ensures compliance with Islamic finance standards. Bybit aims to cater to the $2.3 trillion Islamic finance sector and promote inclusivity in crypto trading. Additionally, Bybit has received provisional approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to expand its services in the region.

Bitcoin Spot ETF Flows:

Yesterday, in the BTC Spot ETF data, total inflows amounted to $37.1 million, with $0 million from GBTC and $37.1 million from non-GBTC sources.

Check Out the Latest Prices, Charts, and Data of BTCUSDT Perp and BTC/USDT Spot!

Airdrop to Watch:

Registration for WalletConnect's $WCT airdrop is now open until October 18, 2024. To participate, users must register their EVM wallet via the WalletConnect option to ensure accurate tracking of past activity. Developers and GitHub users can link their accounts for potential additional token rewards. The airdrop allocation will be based on a wallet score, considering factors like previous connections and on-chain activity. A snapshot for the airdrop was taken on September 12, 2024, with eligibility checks scheduled for November 2024.

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