Decentraland’s MANA and Shiba uptake surges year-on-year — eToro
eToro stated that MANA and SHIB saw the biggest surge in hodlers in Q3 2022, posting increases of 437% and 269% apiece compared to Q3 2021.
Crypto
Lido launches layer-2 Ethereum staking and LDO rewards
Lido has around 40% of all the staked ETH on the Beacon Chain.
Anchorage co-founder to US regulators: ‘What we want is clarity’
There’s “15 different regulators” and “basically no clarity” when it comes to cryptocurrency regulation in the United States, according to Diogo Mónica.
Zcash May Be Getting Spammed, but the Blockchain is Doing Just Fine, the Company Behind it Says.
The Electronic Coin Company, the organization behind Zcash, claims that concerns of a spam attack are mostly just FUD.
Marathon reports $80M exposure to bankrupt mining firm
Marathon has outlined that at this stage its operations hosted by Compute North will continue to operate as usual, and highlighted an improved BTC mining production in Q3.
MakerDAO goes ahead with $500M investment in treasuries and bonds
$500 million of the funds currently collateralizing the Dai (DAI) stablecoin will be reallocated to U.S. Treasuries and corporate bonds in an effort to provide the protocol low risk additional yield.
First Mover Asia: The Crash of Three Arrows Capital’s Starry Night Portfolio Shows NFTs’ Lack of Staying Power; Bitcoin Regains $20K After Earlier Drop
The collection, now valued at $840,000, is worth less than a percentage point of the $21 million that the troubled hedge fund spent in assembling it.
Colorado is accepting crypto for tax payments — it could be a mess or a shining example
Colorado is now accepting crypto for tax payments — but if you choose to use that option, it could change the amount you owe.
BNB Chain confirms BSC halt due to ‘potential exploit’
Rumors of a significant hack on the BNB Chain were confirmed by the blockchain’s team, with all deposits and withdrawals suspended on the network.
More than 30% of Canadians plan to purchase crypto by 2024, says OSC head
Ontario Securities Commission CEO Grant Vingoe said the regulator planned to release a report in October which included crypto adoption rates in Canada.
Global Bitcoin adoption is ‘still in its infancy,’ but here’s how it might accelerate
Rome wasn’t built in a day, and it will also take some time for every country on Earth to adopt BTC.
Bitcoin’s Correlation With Gold Hits Highest Level in Over a Year
But the relationship between gold and bitcoin remains only mildly strong.
Web3 must bridge back into Web2 for real cash flows — Checkout.com VP
“The seamless payments infrastructure and user experience derived from Web2 will be the backbone of Web3’s success,” said Max Rothman.
Market Wrap: Bitcoin Trades Flat for a Second Consecutive Day, but Outpaces Traditional Markets
BTC remains range-bound as investors await the latest payrolls data on Friday. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.
Lido’s stETH Token Expands to Layer 2 Networks Optimism and Arbitrum
Lido’s liquid staking token is coming to Ethereum’s optimistic rollups.
Atlantic Council Director Sees ‘Splintering’ Financial System if US Falls Behind on CBDCs
Josh Lipsky, senior director of the Atlantic Council, joined “First Mover,” to discuss what role the U.S. could play in the development of a CBDC and what could eventually happen to the U.S. dollar.
Polygon partners with ocean conservation NGO to advance ocean literacy
Participants can explore the RV Odyssey — one of the most advanced ocean research vessels around the globe — via the Metaverse.
South Korean judge dismisses warrant for individual involved in Terra collapse: Report
In his decision to dismiss the warrant, the judge reportedly considered that Yoo Mo had a residence and family ties in South Korea and was already barred from leaving the country.
Grayscale announces new arm to invest in Bitcoin mining hardware
Grayscale plans to buy mining equipment at discounted prices and offer co-investment opportunities to accredited investors.
Bitcoin Mining Is About Get Tougher With Difficulty Primed for Another Sharp Rise
Miners with higher cost and large debt load will be weeded out by the crypto winter, according to industry experts.
Canadian central bank identifies retail CBDC archetypes in theory-heavy analysis
An analyst at the Bank of Canada has written a paper that identifies recurring patterns in CBDC models and how those patterns impact a list of performance criteria.
CFTC’s Regulation by Enforcement Needs to Change, Commissioner Says
Commodity Futures Trading Commissioner Summer K. Mersinger, joined CoinDesk TV’s “First Mover,” to discuss the implications of enforcement by regulation and why it could be setting a “dangerous” precedent.
Stablecoins shed $38B since May as yields plunge, projects collapse
An estimated $148.7 billion worth of stablecoins are still in circulation.
Crypto Exchange Crypto.com’s Downsizing Larger Than Previously Reported: Ad Age
In addition to job cuts of as much as 40% of staff, the company has also been pulling back from marketing deals, according to the story.
Security and interoperability, the challenges ahead of Web3 mass adoption
Analysts forecast a market size of $81.5 billion for Web3 by 2030, but the growth comes with obstacles along the way.
Ethereum open interest hits $7.7B, raising the chance of a short squeeze above $1.5K
The Ether futures premium remains negative, while options markets are pricing similar risks for bulls and bears.
Citi Ventures Backs Its First Digital Asset Manager, Co-Leading a $6M Round in Xalts
Accel co-led the round for the startup building institutional-grade digital asset products.
Autumn bulls vs. winter bears — Will October be bullish or bearish for Bitcoin? Watch Market Talks
October has historically been a green month for Bitcoin, but will this trend continue, keeping in mind the current macro market conditions? Join us as we discuss this and more with our host, Joe Hall, and Rekt Capital, a crypto trader and analyst.