Regulation
Layer-2
Coinbase-backed Base TVL decline 30% from September peak
The Ethereum layer-2 network has also fallen from its position among the top 10 chains by trading volume.
NFTs
UV-A lights at ApeFest caused eye and skin problems, Yuga Lab confirms
Several ApeFest attendees had complained of eye discomfort, vision problems, and skin irritation after the event.
Crypto
Bitcoin’s market cap surpasses Tesla as ETF-fuelled rally pushes it closer to $37k
BTC's price performance mirrors the increasing optimism around the possible approval of a spot ETF product by the SEC.
Bankruptcy
SEC chair’s nod to a lawful FTX revival sparks FTT token’s 90% rally
SEC Chair Gary Gensler hinted that FTX could be revived under strict adherence to the law.
Adoption
XRP market cap adds $2B following Ripple’s payment network expansion
Ripple is partnering with payments fintech company Onfariq to open routes connecting Africa and beyond.
Regulation
‘Keep Your Coins Act’ comes to US Senate amid push for crypto self-custody
If the act is passed, it would prohibit federal agencies from enacting rules against self-hosted wallets.
Stablecoins
Wintermute threatens lawsuit against Near Foundation over failed $11M stablecoin conversion
The CEO of Near Foundation reportedly said the stablecoins' origin were suspicious.
Investments
Grayscale’s Chainlink Trust shares is trading 200% higher than LINK’s spot price
The value of Grayscale's Chainlink Trust (GLNK) is three times higher than the underlying asset it holds.
Stablecoins
Circle eyes IPO as USDC market dominance dips to two-year low
USDC's market dominance has recently reached its lowest level since 2021.
Bankruptcy
FTX transfers $316 million in crypto, with Solana leading the outflows
The bankrupt exchange has moved around $187 million worth of Solana tokens.
Exchanges
Gemini to limit crypto transfers in the UK to TRUST companies
The exchange said its decision was tied to the Travel Rule regulations.
Layer-2
Kraken’s ambiguous response fuels speculation of layer-2 network development
The exchange said it is seeking new opportunities in the industry.
