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CardanoCodex 2024: Year 2 of India’s Premier Hackathon Series

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India’s first Cardano Hackathon CardanoCodex returns with a renewed vision and expanded scope for 2024. Following a highly successful debut, the Hackathon has evolved from a small competition to an expansive platform for developer engagement within the Indian Web3 landscape.. This year’s event is set to build upon its strong foundation, fostering extensive partnerships and collaborative efforts to further drive the development of Cardano in India.



About CardanoCodex

CardanoCodex began last year as a three-month initiative aimed at uplifting and engaging India’s vast and diverse developer community. The inaugural event successfully engaged over 2,000 students and 800 developers. Building on this success, the 2024 edition aims to reach even more minds and nurture groundbreaking ideas, furthering Cardano’s adoption and development in India’s web3 sector.

Vision for CardanoCodex 2024

Powered by Cardano funding engine Project Catalyst and moderated by Nucast Labs, CardanoCodex 2024 is set to run from July to September. The event invites developers across India to get engaged with Cardano, to innovate and to showcase their development skills to help drive the Cardano ecosystem forward.

Despite being one of the largest developer bases globally, the Cardano ecosystem in India was still in its early stages until last year. We saw a significant level of interest in last year’s Hackathon. The ultimate vision is to propel Cardano to the forefront of this rapidly growing developer community, establishing it as a key player in the Indian tech landscape.

New Opportunities for Web3 Developers

The Indian web3 developer community is growing at a rapid pace. Competition in the EVM space is increasing and developers in India are not getting the opportunities they deserve. Cardano introduces a new alternative with an evolving landscape. The ongoing introduction of comprehensive developer tooling is simplifying the process of building in the ecosystem which makes it attractive to developers looking for a new environment. Additionally, Cardano’s governance phase, Voltaire, is about to unlock a $1.5 billion ADA treasury which will foster even more growth and innovation within the ecosystem. Furthermore, developers can code in any major language such as Python, JavaScript, TypeScript, Rust, etc., removing any major learning curve hurdles.

What’s New This Year?

This year’s expanded Hackathon will encompass an ambitious India-wide tour featuring partnerships with some of the prominent Cardano companies, developer guilds such as Google developer groups, India’s leading exchanges and DAOs in 5 cities to host events, workshops, and networking sessions. Roadshows will be hosted in five major cities: Chennai, Hyderabad, Mumbai, Delhi, and Bangalore. The event will culminate in Bangalore with the presence of some of India’s leading Web3 Venture Capital firms 

Prizes and Opportunities

Participants have much to look forward to, with attractive prizes for the top three teams:

  • 1st Place: 8 Lakhs INR
  • 2nd Place: 3 Lakhs INR
  • 3rd Place: 1.5 Lakhs INR

*Prizes will be distributed in ADA, the below conversion is based on an average rate of 0.40 USD

Additionally, the top 10 teams will have opportunities for mentorship and potential funding from the $15 million USD Project Catalyst Fund, The largest decentralized innovation funds in the world.

Mentor Network and Partners

Participants will benefit from a vast network of strong Cardano mentors such as IOG, Emurgo Academy, NMKR, CardanoSpot, TrivolveTech and DCSpark. These mentors will bring extensive knowledge and experience to support developers throughout the Hackathon. We are also collaborating with leading Indian cryptocurrency exchanges like WazirX, CoinDCX, Coinstore, and more than six local Web3 DAOs across India. CardanoCodex 2024 will be one of the most impactful Cardano events and it’s being made possible thanks to the vision and support from some of the most key businesses within the Cardano Ecosystem and the Indian Web3 Community. 

“Cardano Codex Hackathon aims to support Indian developer communities through workshops across various cities. EMURGO remains committed to growing Cardano adoption within India through robust infrastructure, engaging hackathons, comprehensive education, and strategic investments.”, stated Nikhil Joshi, COO, EMURGO.

“We are excited to partner with Cardano to support the next wave of web3 developers in India. As firm believers of educational initiatives and experiential learning, we are looking forward to the event and the ideas of potential developers.” – Rajagopal Menon, VP, WazirX

Sricharan G., Founder and CEO of Nucast Labs, remarked, “We are thrilled to bring Cardano to the forefront of the Indian Web3 ecosystem. Our goal is to empower developers and startups to create groundbreaking solutions leveraging Cardano that can revolutionize industries and improve lives. This Hackathon is a testament to our commitment to fostering innovation and entrepreneurship in the Indian Web3 space.”

Timeline and Registration

The Hackathon timeline is structured to maximize engagement and productivity, moving from the application stage to submission, workshops, mentorship, and culminating with the announcement of results. Innovators are invited to register now to be part of Cardano Community. For registration and more information, visit cardanocodex.xyz.

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Rezolve AI Acquires Subsquid, Strengthening Its Push Into AI–Blockchain Infrastructure

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Rezolve AI (NASDAQ: RZLV) has acquired Subsquid, a decentralized blockchain data platform, in a move that signals its expanding ambitions at the intersection of artificial intelligence, blockchain analytics, and digital payments.

The deal—announced through an official press release—brings Subsquid’s data indexing network, which serves more than 150 blockchain projects and processes over 5 million queries per day, under the Rezolve AI umbrella. Financial details of the transaction were not disclosed.

Building a Unified AI–Blockchain Data Layer

Rezolve AI described the acquisition as part of its plan to create a unified infrastructure that merges decentralized data, AI-powered automation, and digital-asset payment capabilities.
According to the company, the integration will bring together:

  • Blockchain data science
  • Decentralized data lakes
  • Digital-asset payment rails
    into what it calls an “intelligent commerce infrastructure.”

Subsquid’s technology is widely used across the DeFi ecosystem, indexing on-chain activity and supporting protocols with large Total Value Locked (TVL). Folding this infrastructure into Rezolve AI’s platform could influence how data-driven applications operate, particularly those reliant on fast, scalable indexing.

Industry Implications

The acquisition may have ripple effects across decentralized finance. Subsquid’s existing integrations make it a key backend provider for analytics dashboards, on-chain asset managers, and cross-chain applications. Any shift in service architecture or data routing at Rezolve AI could meaningfully affect partner protocols.

More broadly, the deal highlights the increasing convergence of AI and blockchain—a trend accelerating as Web3 applications lean more heavily on automated data processing, predictive modeling, and real-time analytics.

Looking Ahead

Rezolve AI says the acquisition positions it to expand its AI-driven commerce stack globally, pending regulatory approvals.
Past industry mergers involving data-infrastructure providers have often led to changes in service standards, developer tooling, and integration frameworks—suggesting similar stakeholder scrutiny here.

For now, Rezolve AI’s message is clear: it aims to place AI-native intelligence on top of blockchain-native data, creating a unified foundation for next-generation digital commerce.

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Jupiter’s Liquidity Pool Crosses $2 Billion TVL, Highlighting Growing Solana DeFi Momentum

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Jupiter’s JLP liquidity pool has reached a major milestone, surpassing $2 billion in Total Value Locked (TVL) as of September 7, 2025. The pool is currently offering an Annual Percentage Yield (APY) of 17.58%, drawing increased attention from both institutional and retail participants across the Solana ecosystem.

A Significant Benchmark for Solana DeFi

The $2 billion TVL level signals strong capital inflows and marks a notable step forward for Jupiter’s expanding footprint within decentralized finance. Higher liquidity not only strengthens the protocol’s depth but also supports smoother and more efficient trading for users across Solana.

While major institutions have not yet issued public comments on the milestone, the DeFi community on X has responded with clear enthusiasm. User discussions have largely framed the achievement as a sign of growing confidence in Jupiter’s design and the broader Solana-based derivatives ecosystem.

Historical Parallels Within Solana

This isn’t the first time such milestones have energized Solana’s DeFi sector. Earlier cycles—such as Raydium’s rapid TVL growth in 2021—were followed by spikes in on-chain activity and trading volume, reinforcing the connection between liquidity expansion and protocol growth.

JLP Continues Climbing With Strong Market Performance

According to CoinMarketCap data on September 7, 2025:

  • JLP Market Cap: $2.01 billion
  • 24H Trading Volume: $19.15 million
  • 90-Day Price Performance: +20.37%

These metrics underscore sustained momentum, with JLP’s price climbing steadily over the past quarter alongside rising participation in its liquidity programs.

What This Means for the Solana Ecosystem

Researchers at Coincu note that Jupiter’s latest milestone reflects a broader shift toward decentralized finance solutions offering high liquidity and competitive yields. As more users prioritize on-chain derivatives and flexible trading infrastructure, protocols like Jupiter are increasingly positioned to influence how liquidity is structured across Solana and potentially beyond.

Enhanced liquidity, strong APYs, and growing user engagement are setting the stage for further advancement—not only for Jupiter, but for Solana’s DeFi landscape as a whole.

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Binance Alpha Sees Airdrop Frenzy as Market Fear Intensifies

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Binance Alpha’s ecosystem saw a rare burst of activity this week, even as the broader crypto market pulled back. Alpha-related trading volume rose 2.35%, while total crypto market capitalization slid 2%, reflecting a sharp divergence in sentiment. Between Oct. 25–31, five new projects launched or revealed their airdrop plans — each with its own point thresholds and claim mechanics that sent users scrambling to qualify.

Projects such as SnapX, Common, Semantic Layer, Piggycell, and Kite entered the ecosystem, with Semantic Layer issuing 200-token airdrops to users holding 210+ Alpha Points. Meanwhile, APRO dominated the charts, soaring 260% in just seven days, followed by Tokenbot (+203%) and Pundi AI (+158%).

For many traders, the Alpha Points system has become a high-pressure sprint. Miss the airdrop window by an hour, and someone else secures the rewards. Wait for the point requirement to drop — and the entire pool may already be drained. The fast-moving mechanics have created a competitive, almost game-like environment around early-stage token launches.


TL;DR

  • Binance Alpha market cap: $18.09B
  • 24h Alpha trading volume: up 2.35% to $14.34B
  • Five new Alpha projects launched or announced between Oct. 25–31
  • Top gainers: APRO (+260%), Tokenbot (+203%), Pundi AI (+158%)
  • Airdrop thresholds: 210–227 Alpha Points, adjusted hourly if unclaimed
  • Fear & Greed Index: 31/100, but Alpha tokens show pockets of strength

Market Overview

The global crypto market fell to $3.67T, a 2% drop over 24 hours, sliding below both the 7-day ($3.76T) and 30-day ($3.8T) moving averages. Despite this, the Binance Alpha ecosystem held steady with an $18.09B market cap and rising trading volume.

Bitcoin ETFs added pressure across altcoins, recording $488M in net outflows on Oct. 30 — the largest single-day withdrawal since June 2025. BlackRock’s IBIT led the exodus with $291M in outflows, followed by ARKB with $65.6M.

Indicators paint a cautious macro picture.

  • RSI: 40.9 (leaning oversold)
  • MACD: remains negative
  • Bitcoin dominance: climbed to 58.3%
  • Derivatives open interest: declined 4.4% from $848B → $812B

As perpetual markets cooled — with open interest down 5% and funding rates slipping to -0.0018% — Alpha traders shifted toward airdrop-driven opportunities. Perpetual volumes spiked 21.96%, but it was spot market enthusiasm for early-stage Alpha tokens that kept momentum alive.

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