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Plus: Ledger wants you to stop calling it a hardware wallet

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GM. This morning's crypto stories come in bunches - some are sweet, some might need a little ripening.

Let's peel back the skin and get to the core:

🍍 CPI report + CZ got pardoned;

🎉 Ledger Op3n happened;

🍋 Microsoft unveils Copilot AI character, WazirX relaunches after hack + more

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🍍 Market flavor today

Fear and Greed Index
Find out more about the Fear & Greed Index here.

 Crypto Market Cap: $3.74T 0.45% (24H)
  Name   Price 24H 7D
Bitcoin Bitcoin BTC $109,987.83 0.10% 2.64%
Ethereum Ethereum ETH $3,877.97 0.15% 1.27%
BNB BNB BNB $1,100.23 -2.34% 1.40%
XRP XRP XRP $2.48 2.97% 7.39%
Solana Solana SOL $189.39 -0.52% 3.11%
Prices as of 11:00 AM EST. Click here to see live data.

It's one of those days where the crypto market feels like it chugged a Monster on an empty stomach.

(Do NOT try this at home, btw.)

So, why's everything greener in the charts?

Well, the US CPI report dropped today: inflation's at 3.0%, just below the 3.1% economists expected.

Which, sure, doesn't sound like much, but it still might mean that interest rate cuts could be on the table.

Kobeissi Letter tweet about rate cut expectations rising

Source: @KobeissiLetter

And because rate cuts are bullish for crypto, that was all traders needed to light the match:

👉 Bitcoin jumped ~3% in an hour and touched $112K on Binance before cooling off;

👉 Ethereum tagged $3.9K right behind it;

👉 Shorts got roasted - over $85M in liquidations in the past day;

👉 And the total crypto market cap increased to $3.7T.

Total crypto market cap chart from BitDegree, 10-24

Source: BitDegree

Now, that would've been plenty of juice for one day… but the universe decided to add a little more drama 👀 Is Mercury in Gatorade, or whatever the astrology girlies call it?

Ex-Binance boss Changpeng Zhao - aka CZ, aka the guy who pleaded guilty to compliance violations and spent four months in prison - got a presidential pardon.

And the crypto world lost its collective mind. People started wondering whether he'd come back to Binance.

While there's no official word on that, that still made BNB pop off:

BNB price chart from BitDegree, 10-24

Source: BitDegree

So yeah, today's vibe is risk-on.

Now we gotta wait for the Fed meeting next week:

👉 If we actually get a rate cut, this rally could grow some legs;

👉 But if Jerome Powell so much as flinches the wrong way, things could go wrong again.

Until then, let's enjoy the hopium while it lasts, y’all.

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🥝 Memecoin harvest

These charts got more green than a dispensary 🌱

Data as of 10:58 AM EDT.

Check out these memecoins and plenty more here.

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🎉 Ledger Op3n happened

Yesterday, Ledger, aka the global leader in digital asset security, threw their Op3n event.

Huge product drops, panels with big names, basketball games (no kidding) - this event had it all.

And... oh, would you look at that?

Picture of a Ledger Op3n panel

Notice something familiar?

… No?

Aight, lemme help:

Picture of someone from BitDegree at the Ledger Op3n

Damn right!!!

Yes, BitDegree was there to witness it all!

And it wouldn't be us if we didn't give you the inside scoop.

So, here are some highlights 👇

1/ Ledger Nano Gen5

Ledger dropped their newest device - the Ledger Nano Gen5.

Picture of the Ledger Nano Gen5

... And it's packing some good stuff:

👉 Transaction Check: this feature (already on Ledger Flex and Stax) reviews transactions and smart contracts before you approve them. If anything looks fishy, your device flashes a warning.

👉 Direct dApp connection: no more juggling extra wallets or browser extensions.

👉 Getting paid became simpler: thanks to their new partnership with Noah, a fintech that bridges traditional banking and blockchain, you can route your paycheck right into your Ledger.

👉 Custom badges: you can now personalize your Ledger with badges, from a frog with a crown to a frosty pint (hello, beer enjoyers).

Some badges even feature exclusive artwork by Susan Kare, the legend behind the original Apple Macintosh icons.

So, basically, your Ledger is now: secure ✅ and adorable ✅✅

Picture of Ledger's custom badges

If you want more juicy details about the Nano Gen5, check out our review.

2/ NO more hardware wallets

Yeah, sounds strange saying this right after I talked about their new device.

Here's what's going on: Ledger's killing off the term hardware wallet. From now on, they're calling their devices signers.

That's 'cause their devices do way more than just store crypto - they sign transactions, verify logins, and interact with apps and smart contracts.

The signer name, the company says, better reflects that active role.

Picture from Ledger's Nano Gen5 announcement

3/ SUI collab

Ledger also announced a $400K giveaway in collaboration with the SUI network, rewarding users who buy, swap, or stake SUI through Ledger devices.

SUIeet deal!!

Get it 😀 Sweet but it's SUI 😀

... Don't leave, pls.

Picture from Ledger Op3n

4/ Ledger Live got a new name

Ledger Live - the app you use to manage your assets - got a rebrand. Say hello to Ledger Wallet.

And it's no longer just a companion to hardware - it's becoming a full-on hub for managing digital value.

The new version is slicker, faster, and more Web3-friendly + it blends CeFi and DeFi seamlessly.

Picture from Ledger's announcement at Op3n

5/ Inside the Donjon

Ledger is best known for its hardware devices. But beyond that, they're also running a security fortress called the Ledger Donjon.

This elite team of cryptographers and security nerds basically spends their days trying to hack Ledger's own products before real hackers can.

Picture from the Ledger Donjon presentation

They test everything:

👉 Software attacks (unauthorized access or data manipulation);

👉 Side-channel attacks (physical signal leaks);

👉 Fault attacks (intentionally messing with circuits to find weak spots).

And at the Op3n event, we got a sneak peek at how the Donjon works - with Ledger's CTO Charles Guillemet walking everyone through real examples of how they stress-test and dissect devices.

It honestly looked less like a tech demo and more like the set of a sci-fi movie.

Picure from the Ledger Donjon presentation

6/ Basketball

Told you I wasn't kidding - Ledger HQ in Paris actually has its own basketball court.

Which, idk, is just fun, we got to play, too.

Picture of a basketball game at Ledger Op3n

All in all, the event showed one thing loud and clear: Ledger's expanding waaay beyond "that USB stick for Bitcoin."

If you missed the event, don't worry - you didn't miss the message. Ledger's turning into the go-to bridge between TradFi and the Web3 future.

And if they can dunk on a few competitors while they're at it, we're here for it.

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🍋 News drops you can't miss

🤖 Microsoft dropped Mico, a new character for its Copilot AI. They introduced it during their recent event.

🔐 WazirX, the Indian crypto exchange, came back after being offline for over a year. They went down after a hack that cost them $234M.

📊 DraftKings is teaming up with Polymarket to help run its new predictions app. Polymarket's handling trade checks, keeping funds safe, and making sure payouts go out when results are final.

🏦 Custodia and Vantage rolled out a tool for banks to manage digital deposits on the blockchain. These tokenized deposits are set up to work alongside stablecoins.

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🍌 Juicy memes

Meme about the disappointment of low altcoin portfolio values.

Source: @alifarhat79

Meme about regretting a past Bitcoin investment and feeling financial disappointment.

Source: @BillyM2k

Meme about the psychological traits associated with cryptocurrency ownership.

Source: @BitcoinMemeHub

Gode S. Web3 Market Analyst
Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.

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