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Wintermute CEO says NEAR Foundation refuses to honor its $11.2 million commitment to repurchase FTX shares.
https://x.com/evgenygaevoy/status/1722019361810968737
The Biden administration wants new powers from Congress to aid in a crackdown on the illicit use of cryptocurrencies, citing digital asset flows allegedly connected to Palestinian militant group Hamas.
https://www.wsj.com/articles/congress-must-aid-fight-against-illicit-use-of-crypto-treasury-official-says-1bebab02
GMX today launches a 12-week liquidity and trading stimulus programme with a 12 million ARB (~$13 million) allocated from Arbitrum DAO.
Of the 12 million, up to 2 million tokens can be used as grant incentives for other developers and protocols that advance Arbitrum’s growth by building on GMX V2.
Distribution of the incentives takes place per week.
The GM Liquidity Incentives are divided into two types:
1. Incentives for GM Liquidity Providers
2. Incentives for migrating GLP liquidity to the GM pools
Trading incentives
While trading on GMX, you’ll earn trading fee rebates in ARB tokens. These fee rebates can add up to cover the total cost of GMX’s base trading fees (though never more than that).
Trading incentives will be paid out against all qualified trades during every weekly epoch.
Grant incentives
Three categories of grant incentives are recognised:
1.Micro Grants, with a budget of up to $10K.
2. Open Grants, with a budget of up to $100k.
3. Requests For Proposal; more extensive grants, requested by GMX to address specific needs.
https://gmxio.substack.com/p/how-gmx-will-utilise-the-12-million
🔥The Bitcoin price has reached $35,800.
BTC is now trading at $35,200.
https://dropstab.com/coins/bitcoin
Deployment of MultiversX infrastructure is now available to millions of developers on the AWS marketplace.
https://twitter.com/MultiversX/status/1721888838258454573
Binance has launched Binance Messenger, which is suspected to be a chat app, on the Apple Store.
https://twitter.com/WuBlockchain/status/1721828952430489871
Chainlink (LINK) will be listed on HashKey Exchange at 8:00 UTC on November 10.
https://support.hashkey.com/hc/en-gb/articles/24907030885145-Chainlink-LINK-Will-be-Listed-on-HashKey-Exchange-Learn-and-Share-a-Reward-Pool-of-5-000-HSK
The SEC is having a tough time hiring crypto experts who don’t want to sell their digital assets to get a job.
https://www.theblock.co/post/261722/sec-is-struggling-to-hire-crypto-experts
Crypto Market Daily Review ☀️
The market is neutral. Market cap is $1.33T. Bitcoin is trading at $34.9K
dropstab | icodrops | twitter | telegram
Kraken is considering Polygon, Matter Labs and Nil Foundation among others to help launch its own layer 2 network, people familiar with the matter told CoinDesk.
Kraken recently added a job posting on the careers section of its website, advertising for a "Senior Cryptography Engineer" with "knowledge of modern cryptography (including ZK proofs)" whose opportunities could include "design and implementation of layer-2 solutions."
https://www.coindesk.com/tech/2023/11/07/kraken-said-to-seek-partner-to-help-build-it-a-layer-2-blockchain-network/
Ava Labs is laying off 12% of its employees.
https://twitter.com/el33th4xor/status/1721684964389900415
Silicon Valley investment firm Proof Group, part of the Fahrenheit consortium that successfully bid for bankrupt cryptocurrency lender Celsius, is in the running to relaunch FTX, according to two people familiar with the plans.
Proof Group is a venture capital investor in crypto projects such as Aptos, Lightspark and Sui.
https://www.coindesk.com/business/2023/11/06/celsius-winner-proof-group-is-in-running-to-relaunch-ftx-sources-say/
Binance will make an announcement on November 8.
https://x.com/binance/status/1721513080100622756
Arbitrum DAO has approved a proposal for ARB token holders to stake tokens in return for a yield.
The yield will be funded by the treasury and distributed over 12 months via smart contract.
https://www.theblock.co/post/261628/arbitrum-dao-approves-proposal-to-activate-token-staking
Non-fungible tokens (NFTs) and the blockchain made a special appearance on The Simpsons, Sunday night U.S. time.
During Treehouse of Horror 34, the Halloween special episode of the iconic animated series, the show made numerous references to the overvaluation of on-chain NFTs in the first chapter of the episode titled “Wild Barts Can’t Be Token.”
https://www.coindesk.com/markets/2023/11/06/the-simpsons-take-a-dig-at-nfts-crypto-in-treehouse-of-horror-episode/
https://twitter.com/DegenerateNews/status/1721338019930591653
Circle is considering going public early in 2024.
https://www.bloomberg.com/news/articles/2023-11-07/stablecoin-issuer-circle-internet-said-to-consider-2024-ipo
Co-founder Polygon will make announcements on the 9th and 14th November.
https://x.com/sandeepnailwal/status/1721989331588415643
🔥The Ethereum price has reached $1,900.
ETH is now trading at $1,800.
https://dropstab.com/coins/ethereum
Graph Protocol has unveiled its new roadmap.
The New Era of The Graph is organized into five core objectives:
1. World of Data Services.
2. Developer Empowerment.
3. Protocol Evolution & Resiliency.
4. Optimized Indexer Performance.
5. Interconnected Graph of Data.
https://x.com/graphprotocol/status/1721936588228239837
Bounce Finance has announced its partnership with Pop Social, a Web3 social media app rewarding users for content creation and engagement.
https://x.com/bounce_finance/status/1721620253178786136
💧 Top LayerZero Ecosystem Funding Rounds in 2023
👉 Dropstab.com/tab/layerzero-ecosystem-fundraise-3zg3gphryt
The trading start time for Ordinals (ORDI), originally set at 2023-11-07 10:00 UTC, will be postponed to 2023-11-07 12:00 UTC.
https://www.binance.com/en/support/announcement/ordinals-ordi-listing-will-be-postponed-2078410f1b3749e081d0999feed12709
Binance will list Ordinals (ORDI) at 2023-11-07 10:00 UTC.
The ORDI price increased by more than 40% in 24 hours.
https://www.binance.com/en/support/announcement/binance-will-list-ordinals-ordi-with-seed-tag-applied-4bd64404aa384fe5a00e0f9b131035db
Radiant Capital launches airdrop for 2 million ARB (~$2.22 million).
New dLP locked for 6-12 months on Arbitrum after snapshot 1 (block #147753665) and before snapshot 2 (in the next 30-90 days) qualifies.
The qualifying period will end before January 31, 2024.
https://x.com/rdntcapital/status/1721571406477951128
Moody’s unveils service that uses AI to predict stablecoin depeggings.
https://cointelegraph.com/news/moodys-ai-service-stablecoin-depegging-index
Cathie Wood stated that Bitcoin is insurance against both inflation and deflation, similar to gold, but Bitcoin is digital gold.
https://x.com/washigorira/status/1720402205885317499
Hong Kong is considering launching cryptocurrency ETFs.
https://www.bloomberg.com/news/articles/2023-11-05/hong-kong-mulls-allowing-spot-crypto-btc-etfs-sfc-s-leung-says
OKX will delist 26 trading pairs.
Nov. 9, 8:00-8:30 UTC: CELO-USDC, AXS-USDC, ENS-USDC, IOST-USDC, THETA-USDC, OMG-USDC, GMT-USDC, YFI-USDC, DASH-USDC, XTZ-USDC, NEAR-ETH, IMX-USDC, GMX-USDC, APE-BTC, AAVE-ETH, CORE-USDC, ALGO-BTC, DYDX-BTC, XLM-ETH
Nov. 10, 8:00-8:30 UTC: HNT-USDT, BTM-USDT, PICKLE-USDT, QOM-USDT, SAITAMA-USDT, COVER-USDT, DHT-USDT
https://www.okx.com/ru/help/okx-to-delist-several-spot-trading-pairs-11-6
Curve Finance asks hack victims to verify their addresses in the repository.
https://twitter.com/CurveFinance/status/1721216799096631572
Uniswap (UNI) will be listed on HashKey Exchange at 8:00 UTC on November 9.
https://hashkey-pro.zendesk.com/hc/en-gb/articles/24872969839513-Uniswap-UNI-Will-be-Listed-on-HashKey-Exchange-Learn-and-Share-a-Reward-Pool-of-5-000-HSK