Trading
People
Cathie Wood $100k Bitcoin investment reportedly made over $7M profit
Wood said Bitcoin’s market cap will still grow at the same level as the US monetary base due to the high demand for an alternative financial model.
Exchanges
FTX Sam Bankman-Fried hints at Cardano listing
The FTX founder asked those who think he is lying to place a bet on whether FTX would list Spot ADA within the next three months.
People
Ripple lead engineer steps down after decade at the company
Bougalis played an integral role in the development of XRP Ledger, and is currently overseeing the introduction of NFTs to the network.
Hacks
White hat hacker returns $300k gained from OlympusDAO exploit
The hacker had exploited the contract's "BondFixedExpiryTeller,” inability to validate the transfer request properly.
Memecoins
Vitalik jokes led to 2 new memecoins that surged over 300%
The interest in the meme coins has also led to increased activity on Uniswap, with users reaching about 30,000 for the first time since March.
Legal
XRP tanks following Ripple’s latest effort against the SEC
Ripple has received documents related to the SEC's former Director Hinman and filed an opposition to the watchdog's motion for summary judgment.
Exchanges
Binance refutes claims it uses users tokens to vote
Uniswap founder Hayden Adams pointed out that Binance had delegated 13 million UNI tokens which technically belonged to its users.
Research
Research: Bitcoin’s on-chain data suggests market has hit the bottom
The current cycle is less about crypto investor behaviors and more about the macroeconomic conditions, particularly the Fed's policies.
Technology
L2 solution makes Cardano, Algorand network interoperable
Mikomedia is a blockchain interoperability provider which focuses on giving EVM capabilities to smart networks like Cardano, which are originally non-EVM.
Mining
Bitcoin mining remained unprofitable throughout Q3
Miners are feeling the hard times, especially with rising debt obligations and difficulty finding liquidity options.
Metaverse
Top 10 metaverse tokens tank as interest wanes
After the hype of 2021 saw the value of metaverse lands ballon to astronomical heights, the value of these lands have now drastically declined.
Taxes
US tax watchdog classifies NFT as digital assets for tax purposes
NFT investors must report all taxable NFT incomes for the 2022 tax year as the IRS now considers NFTs digital assets like cryptocurrencies.
