Decentralized crypto exchange PancakeSwap now has portfolio manager functionality, according to an October 30 announcement. The feature has been added in partnership with decentralized finance (DeFi) protocol Bril Finance. 

The new feature allows PancakeSwap users to deposit tokens into single-asset vaults via the exchange’s user interface. Once the tokens are deposited, they go into a liquidity provision algorithm with automatic rebalancing. The development teams for PancakeSwap and Bril claim that this system will allow users to get higher risk-adjusted returns compared to other methods.

PancakeSwap user interface. Source: PancakeSwap.

According to the announcement, users will be able…

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Over the past 24 hours, Avalanche’s AVAX/USD price has risen 3.41% to $11.57. This continues its positive trend over the past week where it has experienced a 16.0% gain, moving from $9.99 to its current price. As it stands right now, the coin’s all-time high is $144.96.

The chart below compares the price movement and volatility for Avalanche over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has decreased 14.0% over the…

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Zero knowledge-proof (ZK-proof) scalability solutions have grown in prominence in the crypto ecosystem in recent years, making way for several ZK-focused conferences and events. A marquee ZK conference dedicated to the growing community will take place on Nov. 13 in Istanbul, Turkey. ZkDay is hosted by zero knowledge layer-1 platform, the Manta Network, Polychain Capital, nil; Foundation and Cointelegraph.

ZkDay is dedicated to facilitating top-notch community gatherings, fostering learning and networking, and driving the progress and application of ZK technology across the blockchain space. ZkDay Istanbul comes just three months after the success of ZkDay Paris in July, which hosted…

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Last week’s inflows into digital asset investment products hit a level not seen in 15 months.

The inflows into such vehicles hit $326 million, according to CoinShares data — the most since July 2022. Bitcoin products saw 90% of the inflows.

The move comes amid a persistent rally in the price of bitcoin. James Butterfill, CoinShares head of research, attributed the inflows spike in part to improving sentiment around the prospect of the US Securities and Exchange Commission greenlighting a spot bitcoin ETF. 

“While positive for Bitcoin, this weekly inflow ranks as only the 21st largest on record, suggesting continued restraint amongst investors,” Butterfill said in a Monday blog…

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The administration of United States President Joe Biden released an executive order on Oct. 30 establishing new standards for artificial intelligence (AI) safety and security. 

Biden’s address said it is building off previous actions taken, including AI safety commitments from 15 leading companies in the industry. The new standards have six primary touch points for the new AI standards, along with plans for the ethical use of AI in the government, privacy practices for citizens, and steps for protecting consumer privacy.

The first standard requires developers of the most powerful AI system to share safety test results and “critical information” with the government. Secondly, the…

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FTX co-founder Sam Bankman-Fried faces seven federal charges in a criminal trial taking place in Manhattan. The former crypto exchange exec is accused of misappropriating billions of dollars of customer funds for real estate, donations, political contributions and investments. 

The current state of play: Bankman-Fried took the stand Friday for a full day of direct examination from his attorneys. This morning, he’s expected to once again face his team before the prosecution begins its cross-examination. After SBF wraps up his testimony, the defense’s case is pretty much wrapped, which means the jury can mull over the case before delivering a verdict. Read more here.

9:55 am ET:… Read more on Blockworks

“Are we back?”

It’s a question many have asked amidst the bitcoin buying frenzy of the past couple weeks.

All the excitement in buying activity seems to trace back to news regarding a potential spot bitcoin ETF approval, Blockworks co-founder Ippolito says.

“Are we back? Are we not back? Whatever,” Framework Ventures co-founder Vance Spencer answers. “There’s just been a lot of real work that’s been done in crypto over the past 18 months since the Luna collapse.”

Speaking on the Bell Curve podcast (Spotify/Apple), Spencer points out a number of positive advancements in the crypto industry: “You have [Treasury bills] coming on-chain,” he says, adding, “I think…

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2023 has been a “huge year” for tokenization in decentralized finance, Ben Forman says.

The ParaFi Capital managing partner says he is surprised that most tokenization activity arrived “post-FTX,” when institutional interest seemed to be “waning in the space.”

Speaking to Blockworks on the Empire podcast (Spotify/Apple), Forman says that now, institutional entities like JPMorgan, Invesco and KKR give a consistent answer to the question: “What are you most excited about in the blockchain space?” 

“Eight or nine out of 10 times, you’re going to hear: ‘tokenization of real-world assets.’”

According to Forman, 150 to 200 different teams are building in the…

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