📊🧐 #BTC has dropped as low as $58.9K today, returning to a 3-week low. However, traders are identifying this as a dip buy opportunity. The narrative flipped to bullish particularly after the US CPI report announced still likely expected rate cuts.
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⚖️ Crypto Companies Rack Up $32B in US Regulator Settlements
The US regulators' largest crypto enforcement action was against FTX & its affiliate, Alameda Research, led by the CFTC. The $12.7B settlement was announced in Aug 2024. coingecko
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🎁📝 Contango will launch #TANGO token October 21. The total offering will be $1 billion, with the community allocated 60.5%.
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👨⚖️ SEC has filed a complaint against Cumberland DRW LLC for operating as an unregistered securities dealer
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⚖️ #XPR Ripple Labs will file a cross-appeal in its ongoing case against SEC. coindesk
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📈 #OP IntoTheBlock: Active addresses on Optimism spiked to 38k yesterday, driven by the network's latest airdrop; the highest level since September 2023.
Notably, the number of zero-balance addresses also rose to 4,420, suggesting many wallets sold their allocation immediately after receiving it.
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🕵️♂️ 20 hours ago BlockTower transferred 1815 #MKR ($2.48 million) to Galaxy Digital, and 20 minutes ago received 653 thousand #EIGEN ($2.38 million) from Wintermute.
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🎮 Crypto game developer PiP World raised $10 million in a seed round and plans to release a blockchain mobile game called "PiP Trader" later this year. theblock
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🇨🇳🍿 #macro China's central bank has set up a swap fund to provide $71 billion in liquidity for stock investors, part of a broad stimulus package announced earlier that ignited a rally in equities. bloomberg
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💰 #SCA #SUI Scallop received strategic investment from Sui Foundation
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🇺🇸🗣 US SEC Commissioner Mark Uyeda admitted that the regulator’s attitude towards cryptocurrency “is a disaster for the whole industry” - FOX
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🔎 The Most Popular Staking Providers by the Number Of Users
The ranking shows the number of unique on-chain delegators working across all supported networks. The most common featured assets are #ETH, #POL, #ATOM, #KAVA, #OSMO, #AKT, #XTZ, and #SUI.
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📉 CCdata: In September, total spot trading volume fell 17.2% to $1.27 trillion, the first decline in three months.
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🗽🥳 CattleProof's decentralized cow verification service "Verified" became the USDA's first blockchain-based process verification program. cointelegraph
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🇺🇸🗣 #ETF Charles Schwab: Almost 50% of US investors plan to invest in cryptocurrency ETFs
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📊⛏️ #BTC Ecoinometrics: This year has been tough for Bitcoin miner stocks. Year-to-date, all of them are lagging behind Bitcoin's returns. Most have negative returns.
If you think the real Bitcoin bull market is about to start, then the miners are cheap compared to BTC.
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📈 #ARB Arbitrum became the first L2 company to break the $200B swap volume mark on the Uniswap protocol
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📊👀 #BTC MicroStrategy (#MSTR) market cap surpassing Coinbase (#COIN) is the real Flippening
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🆕 Coinbase International will add futures support for #BIGTIME October 17
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JUST IN: 🇸🇷 Suriname Presidential candidate Maya Parbhoe says, "There's a lot you can solve by making #Bitcoin legal tender"
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🇦🇪🥳 OKX received a full license in the UAE and opened retail and institutional trading. cointelegraph
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🇦🇪🙋♂️ #BNB CZ will be attending Binance Blockchain Week in Dubai at the end of October as an individual. twitter
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🇺🇸👀 Crypto #ETF Flows Today:
#BTC-ETFs:
NetFlow: -983 BTC (-$59.62M) 🔴
ARK21Shares outflows 729 BTC ($44.2M) and currently holds 46,775 BTC ($2.84B);
#ETH-ETFs:
NetFlow: -253 ETH (-$598K) 🔴
Grayscale outflows 112 ETH ($265.5K) and currently holds 1,640,704 ETH ($3.89B).
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💰 Yala has raised $8 million in seed funding from Polychain Capital, Ethereal Ventures and others. theblock
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🤴 #TRX #SUN The unrecognized micronation of Liberland has elected former Grenadian diplomat Justin Sun as its new Prime Minister
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💰 #WLFI #AAVE Trump-linked World Liberty Financial to raise $300 million at $1.5 billion valuation. This valuation would mean the Aave DAO share of WLFI would be valued at $105m (7% of total supply). theblock
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