The project team has suspended the protocol's operation and is investigating the incident.
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The volume of stablecoin transactions has grown by 43% since the beginning of the year and has approached $9 trillion, with Ethereum accounting for about 48% of the total volume.
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Analyst ZachXBT criticized these statements — he noted that payments to creditors were made based on cryptocurrency prices at the time of FTX's bankruptcy in November 2022, not current prices, which led to significant losses for holders of assets like SOL and BTC. According to him, the increase in the value of illiquid investments today is just a coincidence.
ZachXBT added that Sam seems to have learned nothing during his time in prison and continues to spread the same misinformation.
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Crypto Daily — DeFi, NFT, Web3
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Some investors (amounting to about $127 million) agreed to lock their tokens for a year to receive more allocation. Bids below $0.0999 have already been rejected, the rest will be reviewed by November 5. Currently, MEGA is trading on the pre-market at about $0.42 — more than 4 times the minimum sale price.
MegaETH is a startup building a layer two (L2) solution for the Ethereum network with instant transaction finality and speeds up to 100,000 TPS. In June 2024, the project was invested in by Vitalik Buterin and venture giant Dragonfly Capital.
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🇻🇪 In Venezuela, they are creating a platform that will combine banking services with blockchain technologies, including stablecoins — the development is being carried out by Conexus, which manages 40% of electronic payments in the country.
⛔️ Tether, TRON and TRM Labs have blocked about 300,000,000 USDT related to illegal activities over the past year.
⚒️ Miner Riot Platforms reported that the average cost of mining 1 BTC in the third quarter was $46,324, which is 31% higher than a year earlier.
The company earned $180 million in revenue and $104 million in profit, holding 19,287 BTC (about $2.2 billion) and ranking 7th among public holders of the leading cryptocurrency.
The company earned $180 million in revenue and $104 million in profit, holding 19,287 BTC (about $2.2 billion) and ranking 7th among public holders of the leading cryptocurrency.
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Media is too big
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📺 A new episode has been released in the popular animated series South Park, dedicated to launching its own shitcoin.
🇹🇷 Faruk Fatih Özer, the founder of the bankrupt Turkish crypto exchange Thodex, has been found dead in prison.
Suicide is being considered as a possibility. In 2023, he was sentenced to 11,196 years in prison for fraud.
The exchange collapsed in 2021, after which he fled to Albania but was extradited to Turkey in 2022. The damage from the exchange's collapse is estimated at $2.6 billion.
Suicide is being considered as a possibility. In 2023, he was sentenced to 11,196 years in prison for fraud.
The exchange collapsed in 2021, after which he fled to Albania but was extradited to Turkey in 2022. The damage from the exchange's collapse is estimated at $2.6 billion.
Obviously, the market's oldest whale is expecting something — possibly a moment for large-scale purchases when panic starts in the market.
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🇷🇴 Romania has blacklisted Polymarket, calling it an unlicensed gaming platform operating outside of government oversight.
🇦🇷 In Argentina, the first stablecoin pegged to the peso has been launched, called wARS — the token is already available on the Ethereum, Base, and World Chain networks.
🇰🇬 The President of Kyrgyzstan reported that Changpeng Zhao (CZ) initiated the creation of a private bank to work with digital assets — Bereket Bank.
The new bank will attract foreign investments and develop the virtual assets sector.
He specifically emphasized that this is a fully private project, without the involvement of the state or his family.
The new bank will attract foreign investments and develop the virtual assets sector.
He specifically emphasized that this is a fully private project, without the involvement of the state or his family.
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