Market
Stablecoins
Terra USTC spikes 33% after talks of re-peg
The proposal has led to increased interest in USTC and other Terra classic ecosystem tokens.
Crypto
CryptoSlate Daily wMarket Update – Oct 10: XRP leads losses as Bitcoin holds steady at $19K
The wMarket Update condenses the most important price movements in the crypto markets over the weekend, published 08:00 UTC on weekdays.
Macro
Excitement for crypto fades as investors pile into bonds
The ten-year treasury chart showed that yield grew to 3.89% within the past year, while the top two digital assets shed over 60% of their values.
Tokenization
Interest in XEN Crypto makes Ethereum deflationary
Etherscan data shows that XEN minting is responsible for 40% of all Ethereum transactions and has pushed the network's transaction fee above $1.
Legal
BitBoy Crypto alleges former SEC Director took bribes to label ETH a commodity
Ripple’s community argue that the allegations against former SEC Director William Hinman matter significantly and are based on facts.
Adoption
Crypto community says new PayPal policy would drive crypto adoption
PayPal was forced to backtrack the decision after it drew the ire of its users and major stakeholders, including Elon Musk.
Legal
Luna Foundation blames litigations for non-distribution of assets to Terra holders
LFG reiterated that its goal is to distribute its remaining assets to small $UST holders.
DEX
Sushi price rises 6.6% following $5.3M investment from GoldenTree
SUSHI spiked 6.6% in the last 24 hours, according to CryptoSlate data. The digital asset has been able to maintain a positive price performance over the last seven days, rising 24.4%.
Crypto
Ethereum Classic’s Twitter account repurposed for Ergo
ETC's cooperative director Bob Summerville pointed out that Charles Hoskinson had threatened to "use the account for something."
Scams
Grifters rug over 60 ETH from spoof token created after Binance exploit
On-chain sleuth ZachXBT stated that the token was not created by the Binance smart chain exploiter.
Mining
Marathon Digital invested over $30 million in bankrupt Compute North
Marathon holds 10,670 BTC, which is valued at roughly $207.3 million.
Regulation
EU narrows Russia’s options further with crypto sanctions
The EU says its sanctions will potentially weaken Russia's industrial capacity to continue its war in Ukraine.