Market
Regulation
FASB crypto accounting rules to exclude NFTs, some stablecoins – WSJ
The FASB rules will cover digital assets that are intangible, fungible, and don't carry any contractual rights to cash flow or ownership of goods and services.
DeFi
Babylon Finance to shut down Nov. 15 after failing to recover from Rari/FEI hack
The Rari/FEI exploit caused Babylon Finance investment gardens to lose $3.4 million, whch led to users losing confidence and withdrawing 75% of its TVL.
Legal
Michael Saylor, MicroStrategy getting sued for tax fraud in Washington
Washington DC Attorney General said Saylor has never paid income tax despite staying in the city for more than a decade.
Technology
Helium developers propose migration to Solana
Helium community members are bashing the Solana migration idea, citing the network outages and other issues.
DeFi
Compound discovers bug in new update, freezes cETH market
Compound said users' funds are not at risk and it will take seven days to execute a fix proposal.
Layer-2
Messari report alleges Optimism growth is inorganic
According to the blockchain analytics firm, evidence suggests that Optimism's transacting address rise was fueled by incentives in its ecosystem.
Bankruptcy
Singapore court places Hodlnaut under judicial management
The process would temporarily shield the embattled crypto firm from lawsuits from third parties.
DEX
Solana-based DEX OptiFi loses $661,000 permanently after mistakenly closing program
OptiFi said it used the "Solana close program" without fully understanding the impact of the action.
Gaming
Limit Break’s DigiDaigaku NFT collection rises by over 100% as firm raises $200m
Limit Break employs a "free-to-own" model as it plans to give away its NFTs for free.
Parachains
Kylin network wins parachain auction 25 on Polkadot
Kylin became the third project to reach the max bid cap of 150,000 DOT, which is over a million dollars among the last seven parachain auctions.
Research
Research: Data shows Bitcoin whales are massively selling holdings
While the current market uncertainty is forcing whales to sell, shrimps are seizing the opportunity to accumulate more.
Regulation
Singapore considers stricter crypto regulations to protect retail traders
MAS managing director Ravi Menon said banning the crypto industry "is not likely to work" because of the "borderless" nature of the space.