Banking
Macro
Druckenmiller sees ‘big role’ for cryptocurrency as central bank trust evaporates
The Bank of England pivoted on quantitative tightening by bailing out U.K. pension schemes, further kicking the can down the road.
People
Hoskinson anticipates flood of VC money coming for Cardano by 2024
The lack of "ponzinomics" has VCs presently looking elsewhere. However, as Cardano's dApp ecosystem takes off, Hokinson sees VCs money coming.
Macro
Parallels drawn between exodus of crypto CEOs and pre-Covid departures
Speculation is mounting on the reason behind the flurry of CEO departures, with some fearing an economic meltdown on the horizon.
Regulation
California Gov. Newsom explains veto of NY-styled BitLicense crypto business bill
Despite overwhelming state assembly support for AB-2269, Governor Newsom vetoed the bill saying California must remain a competitive place for companies to invest and innovate.
Research
Research: Bitcoin on-chain metrics suggest bottom is now in
Although on-chain Bitcoin metrics suggest the bottom is in, bottoms can take months to reflect a price reversal.
Analysis
Bitcoin retakes $20,000 fueling speculation of bull market return
A 6% upside swing in the last 24 hours has renewed talk of the end of the bear market market, but on-chain metrics suggest otherwise, at least in the near term.
Crypto
CryptoSlate Daily wMarket Update – Sept. 26: Terra Classic fights back posting 50% gains
The wMarket Update condenses the most important price movements in the crypto markets over the last 24 hours, published 08:00 UTC on weekdays.
NFTs
Anonymous accuses BAYC of trolling with esoteric symbolism, pushing ‘accelerationism’ agenda
The activist group stated that "without a shadow of doubt" BAYC and Yuga Labs are hiding esoteric symbolism in plain sight.
Technology
Ethereum community split over reversible transactions proposal
Detractors of reversible transactions claim Ethereum appears more and more indistinguishable from the banking system with each upgrade and proposal.
Featured
CryptoSlate Daily wMarket Update – Sept. 23 to 25: Terra revival narrative comes unstuck
The wMarket Update condenses the most important price movements in the crypto markets over the above period, published 08:00 UTC on weekdays.
Macro
Fed announces 75 bps rate hike; Bitcoin tanks 6.5% on the news
The FOMC meeting concluded with a 75 bps point hike sending Bitcoin tumbling to $18,600
Technology
Developer consensus supports Ethereum withdrawals in upcoming Shanghai upgrade
CryptoSlate reports that Ethereum devs as a collective do support ETH withdrawals to be included in the Shanghai upgrade.