📈 The market capitalization of stablecoins increased by $650 million in October.
🇺🇸🏦 The Federal Deposit Insurance Corporation (FDIC), a key regulator overseeing banks and financial institutions in the United States, has recommended banks stop providing cryptocurrency services >20 times. #regulation bitcoinworld
😱 #BTC rally masks bleaker picture in the crypto world. bloomberg
▪️ Hedge fund investments in crypto startups dropped sharply in Q3 2024, down 20% from the previous quarter;
▪️ Declining demand for once-popular assets has led to layoffs at companies like #DYDX, Kraken, and ConsenSys;
▪️ Coinbase’s Q3 earnings report on Wednesday disappointed, causing a 15% plunge in its stock price on Thursday;
▪️ Many blockchains promoted as Bitcoin alternatives have failed to gain traction;
▪️ The #NFT and #Web3 gaming sectors have been in decline for two years;
▪️ Regulatory uncertainty could drive up costs for major U.S. crypto exchanges, according to Re7 Capital.
▪️ Hedge fund investments in crypto startups dropped sharply in Q3 2024, down 20% from the previous quarter;
▪️ Declining demand for once-popular assets has led to layoffs at companies like #DYDX, Kraken, and ConsenSys;
▪️ Coinbase’s Q3 earnings report on Wednesday disappointed, causing a 15% plunge in its stock price on Thursday;
▪️ Many blockchains promoted as Bitcoin alternatives have failed to gain traction;
▪️ The #NFT and #Web3 gaming sectors have been in decline for two years;
▪️ Regulatory uncertainty could drive up costs for major U.S. crypto exchanges, according to Re7 Capital.
💳👀 #TON #SFP SafePal launches crypto wallet in Telegram with support for Visa cards cointelegraph.com
💳 Sheetz, a US-based retail chain, has partnered with Flexa to enable its more than 750 stores to accept cryptocurrencies such as Bitcoin, Ethereum, Litecoin and more.
🍿🏘 #CRV Michael Egorov is back to his old ways: now he bought a new mansion with an area of 1,500 square meters in Paris for 32 million €. Previously founder of Curve bought a house for $41 million before total liquidation.
Meanwhile, Three Arrows Capital co-founder Zhu Soo's wife Evelyn successfully sold her Singapore mansion for $38.5 million
Meanwhile, Three Arrows Capital co-founder Zhu Soo's wife Evelyn successfully sold her Singapore mansion for $38.5 million
📊 #SOL Messari. State of Solana Q3 2024:
▪️ Breakpoint had over 130 presentations with a focus on products, especially mobile;
▪️ Over 500 blinks have been created since Dialect and Solana Foundation launched them in June;
▪️ #PYUSD ended the quarter with a $331 million circulating market cap on Solana, a 341% increase;
▪️ Frankendancer is live on mainnet, and Firedancer is live in non-voting mode;
▪️ 29 projects announced $173 million in fundraising announcements.
▪️ Breakpoint had over 130 presentations with a focus on products, especially mobile;
▪️ Over 500 blinks have been created since Dialect and Solana Foundation launched them in June;
▪️ #PYUSD ended the quarter with a $331 million circulating market cap on Solana, a 341% increase;
▪️ Frankendancer is live on mainnet, and Firedancer is live in non-voting mode;
▪️ 29 projects announced $173 million in fundraising announcements.
🔎 #BTC Exchange Proof of Reserves Update
November 6 marks two years since the FTX collapse, which highlighted the need for exchanges to provide Proof of Reserves (PoR) to confirm they hold user funds.
Of the major exchanges, Coinbase is the only one without a public PoR. Binance’s reserves have grown by 28k BTC (5%) to 611k BTC, despite regulatory challenges in 2023. Binance also has the lowest reserve drawdowns, never exceeding 16%.
Since FTX's fall, only Bitfinex and Binance have increased their BTC reserves among the top exchanges.
November 6 marks two years since the FTX collapse, which highlighted the need for exchanges to provide Proof of Reserves (PoR) to confirm they hold user funds.
Of the major exchanges, Coinbase is the only one without a public PoR. Binance’s reserves have grown by 28k BTC (5%) to 611k BTC, despite regulatory challenges in 2023. Binance also has the lowest reserve drawdowns, never exceeding 16%.
Since FTX's fall, only Bitfinex and Binance have increased their BTC reserves among the top exchanges.
📊📈 #BTC C.Q.: As of now, the Net Taker Volume (SMA-24H) across all exchanges indicates a bullish sentiment.
🍿👀 Deribit Analyst: Happened largest options trade on #ETH for today. Deribit user purchased Ethereum put and call options at $2,600 for a total of 5,000 ETH and paid a premium of $1.76 million.
CEO Deribit: Activity in the derivatives market indicates that traders expect volatility to decrease and growth to continue #BTC after election week.
CEO Deribit: Activity in the derivatives market indicates that traders expect volatility to decrease and growth to continue #BTC after election week.
🏠🙅♂️ #CRV Michael Egorov: The information about the Australian house is correct, but about this French mansion incorrect.
📊 #BTC Alphractal: Only a small number of Altcoins have outperformed Bitcoin in the last 30 days. We’ve noticed that when BTC rises and then stabilizes, some Altcoins tend to stand out. However, over a 90-day period, there’s still no sign of an Altcoin Season in this cycle — which explains why BTC dominance continues to increase.