Coinbase gets regulatory approval in Singapore.

https://www.coinbase.com/blog/singapore-ipa-announcement

Elrond has introduced AashSwap, a new startup on the Maiar Launchpad.

AashSwap is the first Elrond-based DeFi protocol to leverage a stableswap model.

EGLD staking snapshots & KYC begin on October 11th, 13:00 UTC.

https://twitter.com/beniaminmincu/status/1579492439081259009

Portugal has long exempted individuals from paying capital gains tax on crypto earnings, but  Finance Minister Fernando Medina says it’s time to pay up.

Medina is calling for a 28% capital gains tax on earnings made from cryptoassets held less than one year.

https://blockworks.co/portugal-moves-closer-to-taxing-individuals-on-short-term-crypto-gains/

Here is our Crypto Market Daily Review.

- The market is down today. Market cap is $946B, Bitcoin is trading at $19K.

Dropstab.com

Crypto Daily News.

Highlights:
- Multiverse Labs has launched a new metaverse city, Sharjahverse, in the UAE to enhance tourism in the region;
- Crypto exchange Huobi Global delists HUSD trading pairs;
- Bitcoin mining difficulty has increased by 13.5%, reaching a new all time high.

Have a nice day! ☀️

Polygon launches testnet for Layer 2 network Hermez.

DeFi protocols Aave and Uniswap will be launching on its testnet.

https://www.theblock.co/post/175972/polygon-launches-testnet-for-layer-2-network-hermez

The largest hacker who stole more than $23 million from decentralized exchange (DEX) Transit Swap will take a bounty worth almost $690,000 as part of a deal to return user funds.

Known as “white hat #1,” the hacker will return 10,000 Binance Coin (BNB), about $2.75 million in two tranches.

https://decrypt.co/111573/transit-swap-defi-hacker-bags-690000-bounty-returning-2-75m

Current state of the market in our weekly overview.

Data from: dropstab.com

Google selects Coinbase to take cloud payments with cryptocurrencies and will use its custody tool.

https://www.cnbc.com/2022/10/11/google-selects-coinbase-to-take-cloud-payments-with-cryptocurrencies.html

Avalanche is officially live on OpenSea.

https://twitter.com/opensea/status/1579864021037379585

Yuga Labs, creators of Bored Ape Yacht Club NFTs, is facing a probe by the U.S. Securities and Exchange Commission into whether sales of some of its offerings violate federal law.

The regulator is looking into whether certain assets could be treated more like stocks and therefore should follow the same rules, according to the report. It is also looking at the distribution of APEcoin, the token linked to the collection.

https://www.theblock.co/post/176301/bayc-creator-yuga-labs-faces-sec-probe-bloomberg

Solana DeFi platform Mango Markets was just drained for over $100M.

https://twitter.com/osec_io/status/1579969927020412929

Blockchain address is now available in Google Search.

https://twitter.com/hhua_/status/1579700083314282496

Stellar Development Foundation launches $100M fund to support native smart contract adoption.

https://cointelegraph.com/news/stellar-development-foundation-launches-100m-fund-to-support-native-smart-contract-adoption

TempleDAO suffered an exploit on one of its staking vaults for 1,830 ETH, roughly $2.3 million.

https://www.theblock.co/post/176299/hacker-steals-2-3-million-from-templedao

Here is our Crypto Market Daily Review.

- The market is neutral today. Market cap is $948B, Bitcoin is trading at $19.1K.

Dropstab.com

Crypto Daily News.

Highlights:
- Google to allow some customers to pay for cloud services with crypto via Coinbase
- BNY Mellon to offer crypto custody services
- Mango Markets has been hacked for approximately $115 million.

Have a nice day! ☀️

Huobi Global will list XEN Crypto (BXEN) on October 13, 2022.

https://www.huobi.com/support/en-us/detail/74919881459189

Blockchain network Tron has entered into an agreement with the government of Dominica to issue a national fan token Dominica Coin (DMC) to promote the Caribbean island's heritage and tourism.

https://www.coindesk.com/policy/2022/10/12/tron-partners-with-dominica-govt-to-issue-fan-token-made-national-blockchain/

nxyz, the web3 platform that enables data infrastructure for blockchains, announced a $40M Series A led by Paradigm.

Investors: Coinbase Ventures, Greylock Partners, Sequoia Capital.

Web3 angels: Balaji Srinivasan, Jaynti (JD) Kanani, Jing Wang, Packy McCormick, Surojit Chatterjee, Ryan Selkis, and others.

The funds will be used to expand nxyz’s team, build support across emerging use cases, and expand across different chains.

https://www.businesswire.com/news/home/20221012005434/en/nxyz-Raises-40M-Series-A-Led-by-Paradigm-to-Enable-Faster-Blockchain-Indexing