Market
Stablecoins
Tether supply reaches unprecedented $84 billion amid ETF-driven Bitcoin rally
Tether's USDT has emerged as a major winner among stablecoins, with its market share nearing 70%.
Crypto
El Salvador has almost $20 million in unrealized losses despite Bitcoin’s recent rally to $35k
Bitcoin rallied to a yearly high of more than $35,000 on October 23 before retracing to its current levels.
Analysis
Binance sees peak derivatives trading activity during US hours despite CFTC case – Kaiko
Derivatives trading account for nearly 80% of all trading activities on centralized exchanges globally.
Legal
FTX’s Sam Bankman-Fried plans to present financial expert witness in defense
SBF's proposed witness Joseph Pimbley is a financial expert with more than 30 years of experience.
Stablecoins
TUSD refutes claims of association with TEURO amid rumors of private key compromise
The crypto community is awash in speculation that the private keys to the stablecoin's deployer address might have been compromised in a recent third-party breach.
DeFi
Solana DeFi protocol Marinade Finance restricts UK access following new FCA rules
Several crypto firms and protocols have left the U.K. due to their inability to adapt to the new regulations.
Culture
Crypto community accuses WSJ of exaggerating Hamas crypto funding by 99%
Several crypto stakeholder are calling for the media platform to retract the report.
Investments
Bitcoin recent rally pushes MicroStrategy into over $110M in paper profit
Michael Saylor's data shows that BTC has outperformed traditional assets like gold, Nasdaq, Silver, and bonds since MicroStrategy adopted the Bitcoin strategy in 2020.
Tokenization
WLD falls 4% as Worldcoin replaces USDC rewards with native token for Orb operators
Worldcoin Foundation said its WLD reward program will become accessible to all Orb operators from November.
Legal
LBRY concedes to total shutdown, citing loss to SEC and millions in debt
The company said the LBRY blockchain is open-source and could continue on in theory, but that it would die without users.
Stablecoins
Incoming Tether CEO Paolo Ardoino promises real-time reserve transparency
Tether's opaque reserves has long raised concerns from the crypto industry and regulators alike.
Exchanges
Binance withdrawals spike to $1.4B in 24 hours amid continued executive departure and regulatory struggles
Another top executive resigned from their position at the embattled cryptocurrency platform.