📊 #BTC Glassnode: $2.5B in futures open interest was closed during the rally, suggesting a flushing of short sellers. However, OI reduction on the top 3 perpetual exchanges didn’t surpass the 5% threshold🟨, leaving the market vulnerable to volatility and potential squeezes on leveraged traders.
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JUST IN: 💰 Craig Wright is suing BTC Core for £911,050,000,000 🤡
“This is based on the difference in market valuation between Bitcoin (BSV) at £50 per unit and BTC at £48,000 per unit, reflecting the financial impact of misrepresentation and resulting market loss.” 🤦♂️
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📈 #Base transaction volume has surged in the past months, with it capturing 40-60% of all volume among the three L2 blockchains
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👨⚖️👀 #COIN Class action lawsuit against Coinbase:
The Pomerantz firm is accusing the company of securities fraud. The reason for the lawsuit was the imposition of a £3.5 million fine on the Coinbase subsidiary, causing the stock to plunge 5.53%. Affected investors can join the lawsuit until Nov. 13.
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📊👀 #BTC CEO C.Q.: Search volume for "Bitcoin" on Google has reached a one-year low.
Meanwhile, Google search volume for #memecoin is expected to reach record levels this month.
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📈 #SOL Solana DEX Volumes YTD to $480B
22x Increase Over 2022 and 11x Increase Over 2023
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🕵♂ Trader sold at a profit #PEPE, to purchase #SPX.
From April 18 to May 15, he bought 81.55 billion PEPE ($800K worth) and made an unrealized profit of $120K, and this morning he exchanged 59.56 billion PEPE ($574K) for 754,943 SPX.
Address: 0x6bda08bc88604f79994859b942eabdbdb7bc068a
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💰 Venture capital platform Fission Labs has closed a $1.6 million pre-seed funding round led by SALT Fund and Kraynos Capital and with participation from Anthony Scaramucci (Skybridge). prnewswire
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📊 #BTC Glassnode: The 2023-24 Bitcoin bull market drawdown has reached -26% on a closing basis, in line with prior uptrend cycles. Despite this resilience, the recent correction has been the deepest since the FTX collapse, marking one of the more challenging periods for demand.
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🖼 Trending #NFT Collections across the major NFT Marketplaces
Let's have a look at NFT Collections trending searches sorted by 7-day floor price change. Among TOP 5 Collections are BiG iNC, Blocks of Art, Sun Signals, Blob Army, and Billy Cats.
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🗣 #SCR Co-founder Scroll: Providing 5.5% of tokens to Binance Launchpool was a really difficult decision, but Binance's support is very important. In Africa, Binance has even more legitimacy than Ethereum. Binance will provide a lot of other support beyond the listing. Strong CEX support is absolutely necessary to attract users into the ecosystem.
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🐳 A smart whale with a profit of ~$181 million on #BTC purchased 200 BTC ($12.56 million) today.
Address: bc1pj526y7h5prd9hp8lhl0nwmlraazech0204twghmq2jnrqn4mg7mslruqzd
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🇳🇬🙅♂️ #BNB Top Binance executive denied release in Nigeria
Tigran Gambaryan is accused of money laundering and tax evasion, although the latter charges were later dropped. He has been in custody since February and is already experiencing health issues.
Gambaryan is a former IRS-CI officer, where he participated in major investigations such as the Silk Road case and the BTC-e exchange. His role at Binance is related to compliance and fighting financial crimes.
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📊🤔 #BTC Looking at the 1-year change in the number of active addresses over 1 year, this is an abnormal cycle. Since BTC reached its new ATH, the number of inactive addresses suggests a bearish market scenario compared to the previous two cycles. However, when BTC reached 73K, the number of active addresses was very moderate, not showing a high concentration as in previous peaks.
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🐳 #XRP Ripple whales have bought over 40 million XRP in the past 48 hours
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🤔 #WATER WaterCoin: We want to clarify that we do not work with Gotbit and have no affiliation with them. After launching WATER, we raised concerns about Gotbit's integrity and changed the market maker.
#BEER Beercoin also announced that they have changed their market maker.
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🐹🙅♂️ #HMSTR Hamster Kombat stated that they never partnered with Gotbit as a market maker.
Meanwhile #NEIRO: Choosing Gotbit as a market maker was an expedient measure in the rush to go public and we are willing to take responsibility for this error in judgment.
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🗓 Major Upcoming Events in October
#PUFFER #DBR #DUSK #GOG #WCT #LUMIA #ZFI #SCR #PNDR #MANA #CTA #ERN #OM #RWA #ACE
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📈🤔 #BASE, the L2 blockchain from Coinbase that has been live for just over a year, is close to surpassing Arbitrum as the largest Ethereum L2 by TVL
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📱📈 #HNT #MOBILE Over the last month, over 100TB of data was offloaded to Helium Mobile from users of other carriers - 6x more data than 3 months prior combined.
That's the power of #DePIN
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NAYIB BUKELE: 🇸🇻 "The IMF, World Bank, Federal Reserve, and mainstream media hate that we adopted Bitcoin."
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🌍📈 #DePIN deserves the hype. Projects in the space are creating technologies that stand to change, at least to a degree, the reigning cloud computing model, while providing users with sustainable economic incentives to uphold the networks. This could be the basis for new models of economic development. coindesk
Moody's: DePIN tech shows promise
DePIN (Decentralized Physical Infrastructure Networks) refers to decentralized networks that leverage blockchain and other decentralized technologies to manage physical infrastructure assets
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🥳 #SOL Santiment: As the vast majority of crypto has enjoyed Friday gains, SOL stands out as an asset seeing a major spike in bullish crowd sentiment. There are very loose rumors of Apple potentially building on Solana's blockchain, triggering the latest hype train for crypto's #5 market cap.
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