Adoption
Crypto
CryptoSlate Wrapped Daily: FTX’s FTT on verge of potential sell-off after Binance liquidates FTT holdings
SBF assures that all is well with FTX, 50,676 Bitcoins confiscated in relation to 2012 silk road attack, and more in this edition of CryptoSlate Wrapped Daily.
Investments
Palantir’s US commercial customers increased 124% year-over-year in Q3
Palantir's quarterly earnings report shows that the U.S provided for the majority of the 22% revenue growth this year.
Crypto
CryptoSlate Wrapped Daily: Do Kwon wants conference with law enforcement; pressure on miners to rise after excepted upcoming difficulty spike
DOGE falls 9% in 24 hours after Twitter got sued over planning to downsize by 50%, Bitcoin mining difficulty is expected to increase on Sunday, and much more in this edition of CryptoSlate Wrapped Daily.
Mining
Bitcoin mining difficulty expected to spike Nov. 6, increase pressure on miners
Bitcoin mining difficulty will adjust on Nov.6 and is expected to increase for the third time in a row.
Memecoins
DOGE, SHIB continue trend of spikes following Musk tweets
DOGE is up 3.09%, while SHIB spiked 8.3% in the last six hours following Elon Musk's tweet reply to Dogecoin founder Billy Markus.
Crypto
CryptoSlate Wrapped Daily: Nigeria’s CBDC deemed a failure; Korea gathers more proof on Do Kwon
Stripe fires over 1,100 of its employees due to financial troubles, Andre Cronje's tweet spikes Fantom by 24% in a day, and much more in this edition of CryptoSlate Wrapped Daily.
People
Korean authorities reportedly have proof of Kwon’s LUNA price manipulations
Korean prosecutors have obtained a private conversation where Do Kwon ordered LUNA's price to be manipulated.
Analysis
Research: Bitcoin falling below key resistance for only the fourth time in it’s history
CryptoSlate's analysis of realized price and cost basis revealed that Bitcoin could potentially break its current resistance as early as the second quarter of 2023.
Legal
Circle, Paxos secure regulatory approval from Singapore financial watchdog
Paxos's license was approved by MAS, while Circle only got its in-principle approval.
Bear Market
Galaxy Digital, BitMex, DCG announce staff cuts
Galaxy Digital plans to cut 20% of its staff, while BitMex is eyeing layoff of around 30%. Meanwhile, DCG laid off 10% of its 100 staff.
Regulation
SBF thinks Hong Kong could become the Web3 hub of Asia
FTX founder Sam Bankman-Fried said Hong Kong would prevail over Singapore and Korea in Web3 adoption.
Exchanges
Binance sees massive 120K Bitcoin purchased between Oct. 28 – Oct. 30
Roughly $2.5 billion worth of Bitcoin left Binance marketplace over the weekend, which is the largest purchase of 2022.