Regulation
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.
Analysis
Bitcoin nears $30,000 as ETF approval anticipation stirs market
BTC's positive momentum has also catalyzed significant price surges for altcoins like Ethereum, Solana, and XRP.
ETF
Canadian asset manager 3iQ will begin staking the ETH in its Ethereum ETFs
3iQ will use Coinbase Custody's institutional staking infrastructure to stake part of the Ethereum held for its funds for rewards.
Adoption
Crypto Aid Israel brings in $185k in donations for humanitarian relief despite phishing attack
The initiative has distributed 200,000 NIS, around $49,000, to various organizations spearheading the relief efforts in the region.
Legal
Gemini claims ‘victim’ status in NYAG’s billion-dollar lawsuit
Gemini said the lawsuit validates its claim that Genesis and its parent company, Digital Currency Group, conspired defraud creditors.
ETF
BlackRock spot bitcoin ETF approval could catapult BTC to $56,000 – Matrixport
A more conservative estimate by Matrixport projects that the top cryptocurrency's value could rise to $42,000.
AI
OpenAI eyes $86 billion valuation amid insider share sale
OpenAI has secured the most funding of any AI company this year.
