Market
Legal
More entities back Ripple as SEC seeks extension
A record number of amicus briefs have been filed in support of Ripple in its case against the SEC, which has asked the court to set a Nov. 11 deadline for any new amicus brief.
Analysis
Arbitrage traders make over $6.5M from Gala Games scare
The Gala Games token fell by roughly 30% due to a white hat attack that printed $1 billlion new tokens.
Rumors
Rumors of Andre Cronje’s return cause Fantom to spike 24%
Changes on Cronje's verified Twitter account and LinkedIn account has sparked rumors that he is back in the industry.
Adoption
China holds $3.9B worth of Bitcoin despite anti-crypto stance
The Chinese government holds $6 billion worth of cryptocurrencies, including Bitcoin, Ethereum and others.
Outage
Cloud service provider Hetzner blocks access for Solana validators over TOS breach
Top executives at Solana urged affected validators to move their operations to a crypto-friendly cloud service provider.
Adoption
Polygon surges 10% following Instagram integration announcement
Meta will not charge users any fees for creating or selling NFTs on Instagram until 2024.
Analysis
Alameda sells over $200M in stablecoins to exchanges; FTT token comprises majority of its $14B in assets
Arkham intelligence dashboard revealed that Alameda research has sold $284m worth of stablecoins to crypto exchanges in the last two days.
Analysis
Ethereum maintains dominance against Bitcoin post-merge
ETH's price performance in October beat that of Bitcoin, according to Santiment data.
Banking
JPMorgan executes first DeFi transaction on Polygon
JPMorgan carried out the transaction on Ethereum layer2 network Polygon because of its cheap transaction fees, and leveraged Aave Protocol's permissioned pool concept.
People
Crypto community mourns death of Balancer Labs co-founder
Crypto community describes the deceased as a visionary for his works in the crypto space.
Regulation
Europe targets crypto influencers with new MiCA clause
The crypto community questioned why the clause does not apply to stocks and other financial markets.
Stablecoins
Ripple XRP Ledger integrates NFTs, Euro Stasis stablecoin
Euro Stasis chose XRPL because of its scalability, speed and cheap transaction costs.