Sam Bankman-Fried's embezzlement scheme, which cost the crypto industry $8 billion, revealed that the supposed smart money in crypto was incredibly dumb, as evidenced by Alameda Research's money-losing hedge fund and disastrous investments.
Estonian banker Rain Lõhmus has confirmed his ownership of an Ethereum address containing 250,000 ETH worth nearly half a billion dollars but admits to losing the keys, suggesting building an AI version of himself to retrieve the memories.
Ripple (XRP) price remains bullish and is expected to see further growth, supported by the upcoming Ripple Swell 2023 event and strong technical indicators, although a break below the $0.53 support level would invalidate the bullish outlook.
Crypto-mining companies sold more Bitcoin than they produced in October as they took advantage of the cryptocurrency's rally and prepared for the upcoming halving that will reduce mining rewards.
Hong Kong is considering allowing spot cryptocurrency exchange-traded funds (ETFs), as the city aims to become a leading digital asset hub.
Bitcoin continues to trade sideways with mild profit-taking, while the macroeconomic landscape, including the Federal Reserve's decision to maintain interest rates, creates a potential favorable environment for Bitcoin and alternative assets.
Cryptocurrency exchange Coinbase has added four national security experts to its Global Advisory Council to help assess the impact of regulatory uncertainty in the United States. The council, which already includes former lawmakers and strategists, aims to examine the consequences of such uncertainty for the crypto industry in the country.
Facebook's parent company, Meta Platforms Inc., has updated its policies to prohibit the use of its generative AI tools in political advertising and other regulated areas due to concerns about disseminating false information, especially during political campaigns.
Square Enix has launched an allowlist campaign for its upcoming NFT game Symbiogenesis, offering fans the chance to earn character NFTs as rewards by participating in the game's Discord server activities. The campaign will run for two weeks and will provide the opportunity to mint unique digital collectibles from the game, potentially for free.
Ether (ETH) could reach $3,000 as network activity and revenues in the Ethereum ecosystem rebound, signaling a potential tradeable bottom for the cryptocurrency, according to Markus Thielen, research head of Matrixport.
Bitcoin bull Cathie Wood's Ark Invest sold $3.8 million worth of Grayscale Trust shares and purchased $5.6 million in Block shares, adding them to multiple ETFs, marking the second time in recent weeks that Ark Invest has sold Grayscale shares.
The Federal Reserve's top bank watchdog expressed concerns about the potential destabilization of the US financial system by crypto stablecoins, emphasizing the need for strong federal regulation to ensure control and oversight.
The ORDI token, which is part of the Ordinals collection on the Bitcoin blockchain, has experienced a 41% surge in value after being listed on Binance, with users able to trade ORDI against Tether, Bitcoin, and the Turkish lira, and withdrawals becoming available on November 8th.
Tokenization of assets can potentially simplify settlement processes and reduce risks, according to the acting head of the U.S. Office of the Comptroller of the Currency, Michael Hsu, who emphasized the importance of this back-office solution at a financial event. However, Hsu remains skeptical about the broader crypto space due to its association with speculative gains and fraudulent activities.
A long-time Oracle engineer, Brian Krewson, is accused of helping imprisoned cocaine dealers hide and launder $54 million worth of cryptocurrency, although one of the dealers claims the crypto was acquired legitimately.
Blockchain projects raised $34.7 million in funding, a decrease from the previous week, with notable investments in AI-related ventures and the decentralized derivatives protocol Surf.
OpenSea, a once-valuable NFT company, has laid off numerous employees amidst a period of declining NFT trading volumes, and CEO Devin Finzer faced backlash for scheduling a company retreat at a $9 million mansion just days after the layoffs.
Crypto traders are seeing a significant increase in open interest in Bitcoin futures on the Chicago Mercantile Exchange (CME), suggesting a potential market correction and a pullback in price. Additionally, there is a decline in open interest on other exchanges like Binance, indicating a lack of unanimous bullish sentiment across platforms. As the market anticipates the approval of a US-based ETF, traders are cautioned about the possibility of a notable price correction if expected flows do not materialize, drawing a comparison to the behavior of gold in the 1970s.
Solana (SOL) is predicted to outperform Cardano (ADA) due to its higher number of daily users and a bullish trend, according to Bloomberg Intelligence analyst Jamie Coutts.
Institutional participation in the crypto market has been limited due to regulatory concerns, market infrastructure, investment vehicles, and a lack of track records, but recent developments indicate a positive trend and potential for institutional allocation, including regulatory advancements, maturing infrastructure, and growing demand for cryptocurrencies.
Federal Reserve Vice Chair for Supervision, Michael Barr, has called for oversight and regulation of stablecoins, warning that their expansion without regulation poses risks to financial stability, and also stated that the Federal Reserve is still in the research phase on the topic of central bank digital currencies (CBDCs).
Ethereum research and development firm Nil Foundation has announced the launch of its own rollup network called "=nil;," which combines zero-knowledge proofs and sharding to enable composability without compromising security.
The launch of a spot bitcoin exchange-traded fund (ETF) from BlackRock is expected to provide institutional access to the crypto market and lead to substantial capital inflows, but the recent price hikes in bitcoin were driven by speculation around ETFs and not a fresh inflow of institutional capital. An ETF approval will result in an exponential increase in the amount of capital with access to BTC, leading to greater adoption and potential price increases in BTC portfolios, but the effects on other crypto assets may be less direct.
Crypto influencer Irene Zhao, founder of the SO-COL platform, credits her NFT collection's success to the support of celebrities like Logan Paul, and predicts that NFTs for creators and real-world assets will continue to boom in the crypto space.
Bitcoin and the crypto market could be heading towards a "massive calamity" as BlackRock and the US government potentially pose a threat to Bitcoin, warns legendary Bitcoin trader Arthur Hayes.
The Sui blockchain has partnered with Space and Time (SxT), offering developers zero-knowledge-proof-based tools to accelerate Web3 gaming and enable verifiable end-to-end applications.
Former Defense Secretary Mark Esper and former Rep. Stephanie Murphy are among the heavyweights joining Coinbase's Global Advisory Council, as the cryptocurrency industry faces heightened scrutiny and regulatory challenges.
Custodia Bank, founded by Bitcoin advocate Caitlin Long, has launched a Bitcoin custody platform, following regulatory challenges earlier this year, with the approval from the Wyoming Division of Banking.
Agencies specializing in NFTs have the power to drive Web3 adoption by leveraging their access to larger audiences, enhancing fan engagement, and gaining intimate audience insights, ultimately positioning themselves as key players in the NFT revolution.
Bitcoin's price struggles to reach $35,000 as open interest on derivatives markets surges, leading to predictions of increased volatility in the near future.
Lack of activity and withdrawals from four of the five largest Bitcoin whale addresses suggest that their original owners may have lost access to their funds, while the second whale has continued to replenish their wallet during market lows.
The price of the ORDI token surged by 50% after being listed on Binance, but the exchange warned of its high volatility; Proof Group is in the running to relaunch FTX crypto exchange; Crypto funds have experienced a strong influx of investments.
Crypto analyst predicts that Dogecoin (DOGE) will rally over 140% by the end of 2023, reflecting a significant surge in value for the popular cryptocurrency.
XRP, Cardano, and Solana have experienced bullish rallies, with XRP hitting a three-month high, Cardano rising amid the rollout of the Cardano Midnight protocol, and Solana surging after its Breakpoint event; meanwhile, Bitcoin and Ethereum have remained relatively flat in the crypto market.
Bitcoin's October surge has rejuvenated the crypto market, leading to increased investments in meme cryptocurrencies such as shiba inu (SHIB) and dogecoin (DOGE), with SHIB experiencing the highest growth in open interest at 23%, while DOGE saw a 14.6% increase; this influx of capital suggests a willingness among investors to take risks and historically indicates trend changes in bitcoin's price.
Bitcoin remains steady below the $35,000 level, while dogecoin drives gains for traders; other major cryptocurrencies experience losses as traders likely take profits after last week's rally. Traders believe that bitcoin could serve as a hedge against the United States' growing fiscal situation and become "gold 2.0" amidst looming debt crises.
Bitcoin and other cryptocurrencies saw a slight decline but remain at elevated levels, indicating potential for further gains in the market.
Crypto analyst Kaleo predicts that Ethereum (ETH) and three other altcoins, including Arbitrum (ARB), Optimism (OP), and Blur (BLUR), have the potential to see a rise in value after breaking key diagonal resistances.
Crypto YouTuber Ben Armstrong, formerly known as Bitboy, has sued his former colleagues, accusing them of stealing his Lamborghini and engaging in racketeering activities to intimidate and harm him.
ORDI token prices surged 50% after being listed on Binance as an emerging project, with trading volumes reaching $100 million in 24 hours, due to its association with the Ordinals protocol that allows users to embed data into Bitcoin transactions.
Coinbase will liquidate customers' Bitcoin SV holdings if they are not removed by January 9, as the company discontinues support for the cryptocurrency due to its unstable blockchain and controversy surrounding its main supporter, Craig Wright.
Bitcoin transaction fees are surging to their highest level in nearly six months due to a new wave of NFT inscriptions that are clogging up the mempool and increasing competition for confirmations, resulting in higher fees and slower transactions, while Bitcoin miners are benefiting from the increased fee rates.
Bitcoin appears to be extremely bullish as it finds acceptance above $34,000, according to an analyst who previously rode the crypto rally and suggests that as long as Bitcoin remains above $32,200, there is no reason to be bearish. Meanwhile, Ethereum is expected to continue underperforming Bitcoin, with the ETH/BTC ratio in a sustained downtrend.
Cryptocurrency intelligence firm Glassnode is selling its crypto tax platform, Accointing, to focus on delivering new solutions for institutional investors and decentralized finance (DeFi). The sale to European compliance provider Blockpit is a multimillion-dollar deal, allowing Glassnode to expand its product offering into DeFi and other digital asset ecosystem areas. The acquisition will enable Blockpit to develop a consolidated crypto tax platform for Europe, coinciding with upcoming regulations for crypto tax reporting.
South Korean telecommunications operator SK Telecom (SKT) plans to launch a Web3 wallet service, T wallet, in partnership with Aptos Labs and Atomrigs Lab, aiming to expand its affiliations with customer-preferred mainnets and decentralized applications.
The founder of LHV Bank in Estonia, Rain Lõhmus, is willing to pay someone who can help him recover the keys to his Ethereum wallet, which holds a massive $470 million worth of ETH.
Coinbase is warning its users to withdraw their Bitcoin SV (BSV) holdings from the platform by January 9 or risk having them liquidated, as the token faces delisting from several exchanges due to Craig Wright's behavior and multiple 51% attacks.
Kraken, the U.S. cryptocurrency exchange, is considering partnering with leading blockchain-technology firms, including Polygon, Matter Labs, and Nil Foundation, to launch its own layer 2 network, similar to rival Coinbase's move earlier this year.
Chainlink (LINK) has entered a bull market, according to crypto strategist Rekt Capital, who also predicts a bullish continuation for Ocean Protocol (OCEAN) and a growing risk appetite for altcoins.
An NFT collection called Springfield Punks, which combines the aesthetics of CryptoPunks and "The Simpsons," has generated nearly $2.5 million in sales within 24 hours of its launch, making it the top trending collection on OpenSea after the show featured NFTs in an episode.