CoinShares’ Butterfill suggests ‘continued hesitancy’ among investors
Matrixport’s head of strategy said he believes the market is currently in a “wait-and-see environment” but could shift after the U.S. mid-term elections in November.
Crypto
Beeple’s Discord URL ‘hijacked,’ directing users to wallet drainer
Other users in the crypto Twitter Community believe lax security management is to blame for the latest phishing scam aimed at Beeple’s fans and followers.
Tether commercial paper exposure now under $50M, says CTO
Tether is also looking to become more transparent, having hired a new accounting firm to conduct regular audit and attestation reports to ensure its stablecoin is properly backed by the USD.
How Crypto Twitter reacted to Kim Kardashian’s $1.26M SEC fine
Some pointed out the regulator’s supposed hypocrisy, others told crypto-influencers to lawyer up, whilst a few poked fun at the reality TV star.
Covalent CEO: There’s an ‘unresolved backlog’ of unfilled Web3 data roles
The demand for on-chain analysts is set to further increase with Web3 data outgrowing Web2 data over the next 20-30 years, says Covalent’s Ganesh Swami.
First Mover Asia: Bitcoin Climbs Back Past $19.5K Amid Fresh Hopes for a Fed Retreat; Binance’s Failed Plan to Boost the Price of Luna Classic
The largest cryptocurrency by market capitalization and ether both spent much of Monday in the green.
The SEC is bullying Kim Kardashian, and it could chill the influencer economy
The feds should have tried to work with Kardashian to establish more transparent norms for influencers rather than slapping her with a $1.26 million fine for promoting EthereumMax.
Rare David Bowie NFT Collaboration With FEWOCiOUS Sells for $127,000
The high-value sale on OpenSea continues a trend of celebrity estates minting postmortem memorabilia on the blockchain.
What Is EthereumMax? Inside the Crypto Kim Kardashian Lost $1.2M Promoting
EthereumMax and the EMAX token won investors over with big promises and flashy names. But has it delivered?
Luna Classic, Remnant of Terra Collapse, Drops After Underwhelming Binance Burn Mechanism Data
Binance’s scheme destroyed only 0.08% of the token’s bloated supply, too minuscule to have a lasting impact on the hyperinflated token.
Court Rules CFTC Legally Served Ooki DAO Through Help Bot
The ruling came the same day a group of crypto lawyers and developers filed to join the CFTC’s case against Ooki DAO.
a16z leads $40M raise for decentralized knowledge protocol
Golden, which has now raised roughly $60 million in cumulative funding, also receives a16z general partner Ali Yahya to its board.
US Treasury recommends lawmakers decide which regulators will oversee crypto spot market
“The report recommends the passage of legislation in providing a rulemaking authority for federal financial regulators over this market,” said economist Jonathan Rose.
Argentina’s State-Owned Energy Company Moves Into Crypto Mining
YPF is currently supplying power for a 1 megawatt operation and plans to launch a second project eight times larger before the end of the year.
Market Wrap: Bitcoin and Ether Kick Off Week in Positive Territory
“Whale” investors moved a large volume of bitcoin off exchanges. The trend is often a bullish signal, suggesting investors are more interested in holding their bitcoin. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.
Azurbala NFT Mint Postponed After Art Goes Viral for Wrong Reasons
“We failed at doing the very thing that we do best, which is to involve the community in the creative process,” says an Azurbala co-founder.
A16z Leads $40M Funding for Web3 Data Protocol Golden
The protocol will use tokens to incentivize users to submit accurate information.
A crumbling stock market could create profitable opportunities for Bitcoin traders
U.S. tech giants are set to report their second quarter earnings throughout October, presenting a scenario that could possibly benefit Bitcoin.
Bitcoin: estabilidad se asemeja a la calma de 2018 que terminó con una caída de 50%, según comunidad cripto de Twitter
A destacados analistas cripto les preocupa que la consolidación de precios de bitcoin indique que se avecina una caída más profunda, tal como sucedió hace cuatro años.
Binance burns $1.8M in LUNC trading fees following community proposal
According to the crypto exchange, the burn was the equivalent of 1,863,213.47 USDT — roughly 5.5 million LUNC.
US Risk Watchdog Asks Congress to Name Crypto Spot Market Regulator
The top U.S. financial regulators are warning of dangerous holes in the oversight of crypto and are asking Congress for more powers, including settling which agency will oversee the bulk of trading in bitcoins and other non-security tokens.
Cathie Wood’s ARK Invest to offer crypto strategies to investment advisors
In partnership with Eaglebrook, the strategies will be offered to registered investment advisors.
Binance to Train Law Enforcement on How to Stop Crypto Crime
Matthew Price, head of intelligence and investigations of the Americas, joined CoinDesk TV’s “First Mover,” to discuss what role the largest cryptocurrency exchange is playing as it spearheads a global training program for law enforcement officials.
Even ‘Safe’ Stablecoins Might Pose Financial Stability Risk, New York Fed Says
The rise of Circle’s USDC stablecoin – as opposed to the controversial Tether (USDT) – is a threat to the broader financial system, as it could increase the chance of run risks from smaller issuers, researchers at the Federal Reserve Bank of New York wrote in a new paper published Monday.
Upside capped at $980B total crypto market, according to derivatives metrics
A bearish formation in the total market capitalization chart has been gaining strength after two failures to break its resistance level.
Bitcoin price sets October high with $20K in reach as US stocks rally
Traders say Bitcoin is overdue for a breakout, but are also keeping a lid on how optimistic they should be about a macro trend reversal.
What Ripple’s Latest Win Means for Its Ongoing Fight With the SEC
The crypto firm scored a procedural victory last week in part of its legal defense against the SEC. But it may not help its case.
NYDIG raises $720M as Bitcoin balance hits all-time high
An SEC filing reveals NYDIG’s intent to raise $720 million while a recent press release shows the company’s commitment to HODLing.
XRP price could rally by 50% based off comments from a former SEC director
XRP investors are hopeful that a potential court victory against the SEC could send the altcoin price at least 50% higher.
Japanese prime minister says gov’t investment in digital transformation will include Metaverse, NFTs
According to Fumio Kishida, the government of Japan’s investment in digital transformation included issuing NFTs to local authorities using digital solutions.