πŸ”₯Crypto News - Crypto World
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Welcome! Here you will find the latest news about the crypto industryπŸ’°

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Major unlocks of crypto assets for the next 7 days πŸ”’

Among them:SOL, WLD, TAO, AVAX, SEI, NEAR, DOT, DOGE, SUI, FIL, BEAM.

The total value of the coins released to the market will exceed $450 million.

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πŸ’ͺ BTC continues to lead the way in investment attractiveness in 2024

β€˜Although bitcoin's correlation with equities has increased, recent performance is still low. This means that digital gold offers significant diversification benefits for multi-asset portfolios,’ said the company's analysts.


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CoinShares notifies outflows from cryptocurrency investment products last week

Capital outflow totalled $147 million amid deteriorating investor sentiment. Bitcoin-based investment products were the leader in outflows, with $159 million withdrawn.

Capital outflow from investment products based on Ethereum amounted to $28.9 million. Investment products based on SOL, XRP and other altcoins saw a small inflow of funds.

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Judge approves FTX bankruptcy plan ⚑️

This gives the bankruptcy plan a chance to compensate customers. Under the plan, 98% of creditors will receive at least 118% of their claims in cash.

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A group of hackers are leaving TON for other blockchains πŸ™‚

Dudes who have been stealing cryptocurrencies from TON wallets say, "TON doesn't have many whales and it's bad for their business," so they're moving to other blockchains.

Now they are favoring BTC for thefts.

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πŸ• Over the week, large holders accumulated 2.07 billion DOGE

Which is the largest since January, IntoTheBlock analysts noted.

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JPMorgan analysts identify key catalysts for shaping the crypto market outlook

πŸ—£ Seasonal "Uptober" trend
πŸ—£ Fed rate cuts
πŸ—£ Ethereum "Pectra" update

However, they added that the market remains sensitive to macroeconomic factors, waiting for a clearer catalyst for sustained growth.

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ZachXBT helped return $275,000 in crypto to an elderly American woman πŸ‘

A woman was defrauded by Indian scammers posing as Coinbase support in April this year - the funds have already been seized and will soon be returned to the owner.

The crypto detective also added that this criminal group stole and laundered at least $5,000,000.

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🚫 Binance delist and automatically convert a number of cryptocurrencies to USDC

Among them: Tornado Cash (TORN) and Waves (WAVES).

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Arthur Hayes has released a new essay titled "PvP"

Key talking points:

β€’ Most CEX exchanges charge between $250,000 and $500,000 in stablecoins, with some exchanges requiring up to 16% of the total token supply.

β€’ Binance has developed an ingenious strategy - the exchange charges up to 8% of the total token supply, and requires projects to buy $5 million worth of BNB and place those coins as a deposit.

β€’ Listing on the major exchanges in 2024 does not guarantee a token price increase - regardless of the exchange, tokens are not pummeled right now. Cryptocurrencies launched this year have performed poorly for retail investors.

β€’ Projects are launched at too high valuations - to become attractive, they have to lower their valuations at launch by 40-50%.

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πŸ‡ΊπŸ‡Έ America's government has received authorization to sell 69,370 BTC linked to Silk Road trading platform

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πŸ” L2 network Scroll has announced the launch and airdrop of the SCR token

The snapshot will be made on the 19th of October and the distribution is scheduled for the 22nd of October.

The total issuance will be 1bn SCRs.

SCR will act as a management token, but will "evolve" to a utility asset in the future.

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πŸ₯΄ SEC and investigation against Crypto com

This time, the regulator is threatening to sue the exchange as it equates crypto transactions with transactions in unregistered securities that violate US laws.

That said, Crypto com say they have filed suit against the SEC because the regulator has unilaterally expanded its jurisdiction beyond the statutory framework.

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The number of coins in Ethereum staking has reached 34,435,000 ETH ($84bn)

That is - 29% of the entire issue of the second cryptocurrency.

It is worth noting that at the beginning of the year this figure was 23.8%, and about 5,165,000 ETH have been in staking for more than 3 years.

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Satoshi Nakamoto is...😼

Bitcoin Core developer Peter Todd. This is the version voiced in the HBO film.

Their main argument is that Peter left a strange comment on Satoshi's post in 2010, allegedly forgetting to change his account.

Todd himself already denies his involvement in the creation of BTC.

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Only 12.7% of the site's users managed to earn on Polymarket

Only 2,138 people got their +$1k profit and most of all winning trades were up to $100.

A typical wallet made 1-5 bets each (57,759 users). But there are many merchants who made more than 50 bets (24,802 users).

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Tether has frozen another 13,700,000 USDT at an unknown address

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According to statistics for all time US regulators have seized $32bn from cryptocurrency companies πŸ€¦β€β™‚οΈ

Some of these funds will go to compensate affected users (probably)

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