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Crypto Market Daily Review ☀️
The market is down. Market cap is $1.09T. Bitcoin is trading at $27.5K
dropstab | icodrops | twitter | telegram
Data from the former's State of Crypto Index shows that crypto coders have nearly halved from their peak last year, sliding from 36,500 active devs in January 2022 to just 19,630 active devs in September 2023.
https://decrypt.co/200328/are-developers-leaving-crypto-heres-whats-going-on
Flow has announced the launch of EVM on Flow.
EVM on Flow will let developers build on all of Ethereum's tooling and network effects while benefiting from all the power and capabilities of Cadence.
https://twitter.com/flow_blockchain/status/1709964252398616634
Trezor will make an announcement on October 12.
https://content.trezor.io/new-products
Immutable has added Immutable zkEVM to its roadmap, which is expected to launch on the mainnet in December 2023-January 2024.
https://www.immutable.com/product-roadmap
Machi Big Brother registered on friend.tech and his share price went up to ~4 ETH in 10 seconds.
Machi Big Brother himself bought 100 of his shares for 21.147 ETH ($34k).
https://x.com/machibigbrother/status/1709441764506087805
Sales of the SBF book have started on Amazon.
https://www.amazon.com/Going-Infinite-Rise-Fall-Tycoon-ebook/dp/B0C5DNW987/ref=tmm_kin_swatch_0
Avalanche transactions increased ~4x after launching Stars Arena social app.
Stars Arena is a new social app based on Avalanche, analogous to Friend.tech. TVL Stars Arena has already reached $1 million in a week.
https://defillama.com/chain/Avalanche?txs=true&currency=USD&tvl=false
The Bank for International Settlements (BIS) develops Atlas project for blockchain monitoring.
https://www.reuters.com/business/finance/central-bank-test-lab-develops-global-bitcoin-mapping-system-2023-10-04/
Santiment: Ethereum's network has been particularly cheap to use, and this week's average fee level of $1.13 is the lowest since November, 2022.
https://x.com/santimentfeed/status/1709659943383752716
There is an announcement of an upcoming event by Trust Wallet.
https://x.com/trustwallet/status/1709586163638600016
TON has raised an eight-figure investment from MEXC Ventures — a subsidiary of MEXC’s global cryptocurrency exchange MEXC.
In conjunction with the funding, MEXC and the TON Foundation have entered into a strategic partnership aiming to promote global Web3 accessibility by lowering the barriers of entry.
As part of the deal, the MEXC crypto exchange will provide marketing services and promotion for TON-based projects listed on its platform. The firm is also set to launch a TON collateral lending service and eliminate trading fees for the TON token.
https://cointelegraph.com/news/ton-raises-8-figure-sum-telegram-web3-super-app
Crypto-friendly Rep. Patrick McHenry becomes speaker pro temp following House speaker oust.
https://www.theblock.co/post/254607/crypto-friendly-rep-patrick-mchenry-becomes-speaker-pro-temp-following-house-speaker-oust
The trial of Sam Bankman-Fried began on Oct. 3 with jury selection.
Bankman-Fried is charged with seven counts of conspiracy and fraud in connection with the collapse of FTX, the cryptocurrency exchange he co-founded. He has pleaded not guilty to all charges.
The case is being heard by Judge Lewis Kaplan, who has presided over a long list of other high-profile cases, including ones involving detainees at Guantanamo Bay, the Gambino crime family, Prince Andrew and Donald Trump.
https://cointelegraph.com/news/sam-bankman-fried-ftx-trial-updates
Orbiter Finance Discord has been blocked, some users have not received funds after using the bridge.
The team will monitor the transactions and return the funds to users.
https://twitter.com/Orbiter_Finance/status/1709308197293674672
FTX co-founder Gary Wang: Sam Bankman-Fried allowed Alameda to withdraw unlimited funds.
https://decrypt.co/200344/ftx-insider-gary-wang-sam-bankman-fried-allowed-alameda-to-withdraw-unlimited-funds
Ledger cuts 12% of staff due to 'macroeconomic headwinds'.
https://www.theblock.co/post/255074/ledger-cuts-12-of-staff-due-to-macroeconomic-headwinds
Burnt is officially announcing its strategic investment from Circle Ventures as it launches the XION public testnet.
XION is the first layer one blockchain to integrate USDC across the infrastructure stack.
https://x.com/burnt_xion/status/1709957295675744513
FTX employees found Alameda’s secret backdoor months before collapse.
The crypto exchange allowed Alameda to have a negative balance of up to $65 billion, prosecutors say.
https://www.wsj.com/finance/ftx-employees-found-alamedas-secret-backdoor-months-before-collapse-7f983fcd
Polygon has begun testing the new token POL on the Goerli network in preparation for the launch of Polygon 2.0.
https://allinstation.com/polygon-tung-buoc-ra-mat-token-moi/
Crypto Market Daily Review ☀️
The market is growing. Market cap is $1.09. Bitcoin is trading at $27.6K
dropstab | icodrops | twitter | telegram
Flare and Avascan have teamed up to introduce Flarescan, your compass to the Flare ecosystem.
https://twitter.com/FlareNetworks/status/1709572206655623544?s=20
Since September 30, FTX hackers have transferred a total of 60,000 ETH ($99 million).
https://x.com/embercn/status/1709737477223981251
The most recent Solana Validator Health Report is now published.
Solana remains one of the largest proof-of-stake networks by node count, one of the most distributed by Nakamoto Coefficient, and now, one of the most resilient by validator clients.
https://x.com/solanafndn/status/1709557782872301824
Former BlackRock managing director Steven Schoenfield says SEC will approve a Bitcoin ETF in '3 to 6 Months'.
https://decrypt.co/200129/ex-blackrock-director-says-sec-will-approve-bitcoin-etf-3-6-months
Jaynti Kanani, co-founder of Polygon, is leaving the project.
https://x.com/jdkanani/status/1709569503099519296
Anthropic, one of the main rivals of OpenAI, is in talks with investors to raise at least $2 billion in new funding.
New investment in Anthropic could increase its valuation to $30 billion, allowing FTX to provide 100% asset recovery to bankruptcy victims.
https://www.theinformation.com/articles/openai-rival-anthropic-in-talks-to-raise-2-billion-from-google-others-as-ai-arms-race-accelerates
Binance has added Beta Finance (BETA), BarnBridge (BOND), Waltonchain (WTC), NEM (XEM) to the current Monitoring Tag list.
https://www.binance.com/en/support/announcement/binance-will-extend-the-monitoring-tag-to-include-beta-bond-wtc-and-xem-on-2023-10-04-1eb7ee7c825d480f98b85b56a13b4c29
Crypto Market Daily Review ☀️
The market is neutral. Market cap is $1.08T. Bitcoin is trading at $27.4K
dropstab | icodrops | twitter | telegram
Yield Protocol will cease operations.
https://yield-protocol.medium.com/winding-down-yield-protocol-0974b38066cc