Market
Technology
Crypto community questions Elon Musk’s X move to curb bots with $1 paywall
New Twitter accounts in New Zealand and the Philippines would be required to pay a $1 annual subscription fee.
AI
U.S. tech giants add $2.4 trillion to market cap in 2023
The explosion in market value has been fueled in part by widespread enthusiasm for generative AI.
Rumors
Ripple job posting stirs new rumors about company’s IPO plans
Ripple's CEO Brad Garlinghouse previously suggested that the company might go public after its case with the U.S. SEC has concluded.
Web3
Young entrepreneurs to launch decentralized storage solution hello.app to take on centralized cloud giants
hello.app harnesses blockchain technology to deliver heightened security, data privacy, and user control.
ETF
Crypto community debates if fake approval news can hurt Bitcoin ETF chances
The SEC had always rejected spot Bitcoin ETF applications because they were susceptible to manipulation.
Bankruptcy
FTX eyes return of $9 billion in customer funds through settlement proposal
FTX customers who held over $250,000 from the platform nine days before it went bankrupt might be asked to relinquish 15% of their withdrawals.
Investments
Lido sunsets Solana staking due to lack of funds; halts deposits effective immediately
The protocol said it would terminate support to its Solana frontend by February 2024.
Stablecoins
Tether freezes $873k in assets linked to financing terrorism
Tether said it has frozen a total of $835 million in crypto assets working with 31 agencies across 19 jurisdictions.
Tokenization
Arkham’s ARKM token rises 3% despite speculations that the firm is dumping via Wintermute
On-chain sleuths reveal that the blockchain analytical firm has dumped a substantial amount of its ARKM tokens this month.
Exchanges
UPbit becomes third major crypto firm to secure licensing in Singapore this October
Singapore's MAS has granted licenses to three major crypto firms, including Upbit Singapore, this month.
Bankruptcy
FTX liquidators stake $150M in Ethereum and Solana tokens during weekend
FTX liquidators staked the assets via Figment, a staking service provider.
ETF
Grayscale is ‘operationally ready’ to convert GBTC into ETF if SEC gives approval
The SEC had failed to contest a court ruling that directed it to review Grayscale's application for a spot Bitcoin ETF.