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HashKey Capital raises $500m for its third investment fund.
https://www.techinasia.com/kx-hashkey-partner-support-web3-efforts-sea-hong-kong
FTX’s bankruptcy advisers sued crypto exchange Bybit Fintech Ltd and two corporate affiliates to recover cash and digital assets valued at roughly $953 million that was withdrawn from Sam Bankman-Fried’s crypto exchange before it filed Chapter 11 a year ago.
The lawsuit filed Friday in Delaware court alleges Bybit’s investment arm, Mirana Corp., had special “VIP” benefits, which most FTX customers didn’t have, and used those special privileges to get most of its assets off Bankman-Fried’s platform before it collapsed in November 2022.
https://www.bloomberg.com/news/articles/2023-11-11/ftx-sues-crypto-firm-bybit-to-recover-assets-worth-953-million
Polygon is preparing an important announcement.
https://twitter.com/0xPolygonLabs/status/1723031328537391520
OKX made an announcement that was quickly removed shortly after publication.
The community believes OKX is hinting at the launch of the LayerZero token.
The end of the video also showed a specific date: 14 November 2023.
https://x.com/okx
Justin Sun's crypto exchange Poloniex appears to have suffered from a major security hack affecting $114 million in crypto assets ($49 million of them in the Tron network).
The most affected tokens are: GLM, LINK, OX, FLOKI, MANA.
https://www.theblock.co/post/262563/justin-suns-crypto-exchange-poloniex-seemingly-hit-by-60-million-hack
Andrey Rogozov, CEO of The Open Platform, announced the global rollout of the TON cryptocurrency wallet.
https://x.com/ton_blockchain/status/1722902450846265539
Arthur Hayes has published a new article, "Bad Gurl", about US Treasury Secretary Janet Yellen and how her scheme would fuel the BTC bull market.
Key takeaways:
▫️ 'Bad Gurl' is a symbol of participants who use unconventional, aggressive or innovative approaches in trading and investing.
▫️They are willing to take high risks and use aggressive strategies to get profits.
▫️Their actions can significantly influence market trends and volatility, often causing significant market movements.
▫️'Bad Gurl' may utilize a variety of strategies and tactics, including fast trading and speculative investing.
▫️There is volatility and certain market patterns in the market right now. 'Bad Gurl' can influence these trends, both reinforcing and stabilizing market conditions.
https://cryptohayes.substack.com/p/bad-gurl
CME Group became the largest exchange in terms of BTC futures open interest in 24 hours.
The number of BTC futures on the CME has increased to ~109К BTC (~$4 billion), surpassing Binance's 103К BTC (~$3.79 billion).
https://www.coinglass.com/BitcoinOpenInterest
BlackRock is confirmed to be working on a spot ether ETF, according to a 19b-4 filing made on Thursday afternoon.
The proposed ether ETF would use Coinbase Custody Trust Company as custodian.
The ETH is now trading af $2123.
https://www.theblock.co/post/262514/nasdaq-files-for-blackrocks-proposed-ishares-ethereum-trust-etf
Rumours: BlackRock is preparing to file an application for a spot ETH-ETF.
Amid rumors, Ethereum price rises above $2000.
https://x.com/milesdeutscher/status/1722632691982487672
Swell Network won the vote by EigenLayer and now swETH would have access to liquid restacking features.
https://x.com/swellnetworkio/status/1722584894122192991
🚀 Top Performing CEX Tokens in the Last 7d
👉 Dropstab.com/categories/cex
Immutable announced a new partnership with Ubisoft, a video game creator and publisher, to create a new gaming experience that will further unlock the potential of web3.
With this partnership, Immutable continues in its ambition to bring digital ownership to players, while Ubisoft pursues its exploration of decentralization through its Strategic Innovation Lab.
https://www.immutable.com/blog/immutable-and-ubisofts-strategic-innovation-lab-pioneering-a-frictionless-web3-gaming-experience
The Japanese financial giant SBI Holdings will launch a $663 million Web3 fund within a year.
https://coinpost.jp/?p=490878
Shardeum has released its Whitepeper.
Tokenomics:
Max supply: 508 million SHM
Distribution:
▫️51% Community (259,080,000 SHM) – reward to validator and archiver nodes
▫️18% Sale (91,440,000 SHM) – 3 month cliff then 2 year daily linear vesting
▫️15% Team (76,200,000 SHM) – 3 month cliff then 2 year daily linear vesting
▫️11% Foundation (55,880,000 SHM) – unlocked at Token Generation Event (TGE)
▫️5% Ecosystem (25,400,000 SHM) – unlocked at TGE
Sale:
▫️Seed Round (September '22) - $0.80 per SHM, $18,719,600 raised
▫️Strategic Round (June '23) - $1.00 per SHM, $5,916,037 raised
https://x.com/shardeum/status/1722282927994646936
Decentralized finance (DeFi) platform Raft lost some $3.3 million in ether (ETH) after being hacked Friday afternoon.
On-chain data shows that the attacker drained 1,577 ETH from Raft, then sent 1,570 ETH to a burn address – destroying most of the stolen assets and leaving only 7 ETH for themselves. The hacker's address received 18 ETH via crypto mixer service Tornado Cash before the attack, blockchain data on Arkham shows, likely to fund transactions.
After executing the transfers and paying the blockchain fees, the exploiter's crypto wallet was left with only 14 ETH, fewer funds than the initial 18 ETH. This means that they face a 4 ETH loss on the whole maneuver.
Raft's R dollar-pegged stablecoin dropped as much as 50%.
https://www.coindesk.com/tech/2023/11/10/defi-platform-raft-suffers-33m-exploit-but-hacker-likely-takes-a-loss-on-the-attack/
Justin Sun: “The Poloniex team has successfully identified and frozen a portion of the assets associated with the hacker's addresses. At present, the losses are within manageable limits, and Poloniex's operating revenue can cover these losses.”
https://twitter.com/justinsuntron/status/1723008641433784695
TON Browser announced at The Gateway conference.
The launch is scheduled for 2024.
It is known that the browser will support various TON services. Other details have not been disclosed yet.
Future drivers of cryptocurrency market growth, according to Matrixport:
1. By January 2024, it anticipates the SEC to approve a Bitcoin ETF, with trading expected to commence by February or March.
2. Stablecoin issuer, Circle could be listed on the stock market by April.
3. While the announcement of FTX's winning bid could occur in December 2023, it projects the exchange to be operational by May or June 2024. FTX is anticipated to reclaim its position as a top 3 exchange within twelve months.
4. The abovementioned three events and the Bitcoin halving cycle are expected to provide a healthy dose of momentum into the following year.
5. Although seeing this as a significant upside catalyst is challenging, in Q1 2024, Ethereum’s IEP-4844 upgrade is scheduled to take place.
6. This also coincides with the potential U.S. Federal Reserve interest rate cut by mid-2024, as market pricing indicates the first rate cut happening in June 2024.
https://www.matrixport.com/institutions/research/matrix-on-target/758
💧Current state of the market in our weekly overview
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Exactly 2 years ago, Bitcoin (BTC) reached its ATH of $69,045.
https://x.com/cz_binance/status/1722846195603706366
Crypto Market Daily Review ☀️
The market is growing. Market cap is $1.40T. Bitcoin is trading at $36.5K
dropstab | icodrops | twitter | telegram
In the last 24 hours, ~$446 million worth of long and short positions have been liquidated.
https://www.coinglass.com/LiquidationData
Chainlink Staking v0.2 is launching this year.
▫️Priority Migration: November 28, 2023 at 17:00 UTC
▫️Early Access: December 7, 2023 at 17:00 UTC
▫️General Access: December 11, 2023 at 17:00 UTC
Community Stakers can stake a minimum of 1 LINK and up to a maximum of up to 15,000 LINK during Early Access and General Access on a per-address basis.
Node Operator Stakers can stake a minimum of 1,000 LINK and a maximum of up to 75,000 LINK.
Staking v0.2 features an expanded total pool size of 45,000,000 LINK.
https://x.com/chainlink/status/1722630327720726886
https://chain.link/economics/staking
Bitcoin continues to grow rapidly.
BTC is now trading at $37233, +7.05% in 24 hours.
https://dropstab.com/coins/bitcoin
Michael Novogratz’s crypto financial services firm Galaxy Digital reported its third-quarter net loss of $94 million.
https://www.bloomberg.com/news/articles/2023-11-09/novogratz-s-galaxy-says-quarterly-loss-widened-ahead-of-bitcoin-etf-bid
“Crypto rally looks overdone,” according to JPMorgan analysts.
https://www.theblock.co/post/262324/jpmorgan-crypto-rally-looks-overdone
Crypto Market Daily Review ☀️
The market is growing. Market cap is $1.38T. Bitcoin is trading at $36.7K
dropstab | icodrops | twitter | telegram
U.S. Congress passed Tom Emmer's amendment to prohibit the SEC from using taxpayer-funded resources to pursue enforcement actions against the digital asset industry until Congress passes legislation that authorizes regulatory enforcement jurisdiction.
Tom Emmer says Gary Gensler is as ineffective as he is incompetent.
https://x.com/gopmajoritywhip/status/1722352006076023094
Binance's efforts to dismiss a U.S. Securities and Exchange Commission (SEC) lawsuit do not have a basis in the law, the federal regulator said in a filing.
The SEC pushed back against Binance and Binance.US's motion to dismiss the suit it brought earlier this summer, saying the motion relies on "distorted" and "tortured" interpretations of both federal law and precedents.
https://www.coindesk.com/policy/2023/11/08/binance-has-no-real-argument-for-dismissing-sec-suit-regulator-says/