Stablecoins
Exchanges
User funds deposited into FTX can’t be insured
FTX's service agreement notes that funds deposited into user accounts aren't eligible for any public or private deposit insurance protection.
Adoption
Bricktrade partners with Blocksquare to tokenize real estate
The partnership will allow Bricktrade to break down a single property into 100,000 tokens and enable investors to own fractional shares of the token's underlying property.
Exchanges
Galaxy Digital reports $76.8M exposure to FTX
Galaxy Digital becomes the latest major player in the crypto space to reveal a significant exposure to the failing FTX.
Investments
Canada’s third-largest pension fund invested in FTX at $32B valuation
The Ontario Teachers' Pension Plan invested in FTX in January this year as part of a $400 million funding round. The potential losses the fund could face are still unknown.
Exchanges
Coinbase, Kraken down as Bitcoin breaks below June low
Coinbase and Kraken have been experiencing connectivity issues as FTT's slump dragged Bitcoin below its June lows of $18,000.
Exchanges
Binance intends to fully acquire FTX
Binance announced that it intends to fully acquire FTX to protect its users from a liquidity crunch.
Exchanges
Two hours without withdrawals puts FTX’s liquidity in question
FTX hasn't processed any transactions on the Ethereum blockchain in over two hours, sparking rumors of insolvency.
Research
Research: A fresh take on Bitcoin mining – Why using more energy can lead to abundance
Growing energy consumption caused by an influx of Bitcoin miners would lead to a growth in a highly skilled workforce, bring a notable increase in income, and improve surrounding infrastructure.
Adoption
Breaking: Google Cloud becomes a Solana validator
Google Cloud's partnership with Solana will see the company become a Solana validator and add the network to its Blockchain Node Engine and BigQuery services.
Price Watch
Bitcoin breaks $21,000 as open interest sinks, spot volumes rise
Bitcoin's stint at $21,000 might have been short-lived but exchange data suggests that it's currently up against a much healthier and less volatile market.
Adoption
MicroStrategy Q3 loss narrows, but revenue drops year-over-year; 301 BTC added to portfolio
MicroStrategy reported a slight year-over-year drop in revenue and saw its Bitcoin holdings increase by 301 BTC for the quarter.
Price Watch
Uptober: Bitcoin jumps 6% while DXY and gold post negative returns
Bitcoin has outperformed gold and the DXY in October, posting a 6% increase while the two closed the month in the red, continuing the downward trend that began earlier in the year.