NFTs
Hacks
October becomes worst month in DeFi history as hackers steal $718M across 11 protocols
DeFi protocols have lost $718 million in the first two weeks of October alone, while $3 billion has been lost to 125 crypto hacks in total since the start of 2022.
Censorship
Coin Center sues US Treasury over Tornado Cash sanctions
Coin Center argued that the Treasury overstepped its legal authority by impeding the privacy rights of many Americans.
Layer-2
Arbitrium’s Offchain Labs acquires leading Ethereum client
Offchain Labs said the move to onboard Prysmatic Labs finds root in their shared commitment to scale Ethereum.
Adoption
TRON becomes legal tender in Dominica
Tron-native tokens will be accepted as a medium of payment in the Commonwealth of Dominica.
Legal
Judge approves amicus briefs filed in Ripple’s defense – judgement expected H1 2023
I-Remit and Tapjet will file their amicus briefs in support of Ripple by Oct. 14.
Adoption
21Shares spot Bitcoin ETP goes live on Nasdaq Dubai
21Shares latest Bitcoin ETP adds to the company's growing list of 46 ETP products listed across 12 exchanges in seven countries.
Regulation
SEC rejects WisdomTree’s Spot Bitcoin ETF
According to the SEC, the surveillance agreement is crucial before it can approve any spot bitcoin-ETF, given that the market for bitcoin is highly unregulated.
Bankruptcy
Coffeezilla calls out Celsius founder Alex Mashinsky for dumping CEL tokens
The address labeled Mashinsky Cashout Wallet which Coffeezilla claimed to belong to the Celsius founder moved about 10,000 CEL tokens on Oct. 11.
Exchanges
Google to integrate crypto payments with cloud services from 2023 via Coinbase partnership
As of press time, COIN shares were up 6% following the announcement of Google's intention to use Coinbase Prime to hold its crypto.
Payments
Ripple partners with Lemonway, Xbaht to bring ODL payments to Europe
Ripple's new partnerships will eliminate the need for Lemonway and Xbaht to pre-fund their accounts when making transactions abroad.
Bear Market
TrueFi issues notice of default to VC firm Blockwater on $3M loan
TrueFi is in discussion with Blockwater and its advisors to recover the remaining funds but will also engage in legal proceedings to ensure best outcome for shareholders.
CBDCs
Reserve bank of India outlines CBDC blueprint
The RBI released a concept paper that outlined its motivation, design choices, and technological considerations for the pilot phase of the CBDC project.