🔔 Indian Government misses out on $420 million in Tax.
◾The Esya Centre's report revealed that implementation of 1% tax resulted in the loss of potential revenues of approximately $420 million.
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💥 Bitcoin price hit $36,500
◾Over $140 million liquidated from the crypto market in the last 24 hours.
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🔔 Gucci cosmos land opens in The Sandbox game.
◾Gucci brings its London historical exhibit into the metaverse with Gucci Cosmos Land in The Sandbox.
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🔔 Over the past 24 hours, Bitcoin ranked first in NFT sales volume.
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🔔 Binance released a Web3 wallet that can be used to interact with the DeFi ecosystem.
◾️Users can download and access the wallet through Binance's app.
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🔔Cardano and Polkadot announced a strategic partnership for blockchain advancements.
◾This collaboration aims for enhanced interoperability and blockchain scalability.
◾Innovative framework aims to connect Cardano with multiple blockchain ecosystems.
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😳 LHV Bank founder has $470 million worth of Ether, but lost his private key.
◾️The founder of Estonia-based LHV Bank, Rain Lõhmus, recently revealed that he owns 250,000 ETH (worth $470 million).
◾️There's only one problem. He no longer has the keys.
◾️“I can't solve this alone; if someone thinks they can, I'll take all offers,” Lõhmus said.
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👀 Keep an eye on Binance, something is coming.
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🔔 FTX plans to sell $744 million worth of Grayscale and Bitwise assets.
◾The “trust assets” are held in five Grayscale Trusts, totaling an estimated $691 million, and one trust managed by Bitwise, amounting to $53 million.
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🔔 Yuga Labs and Magic Eden Partner to launch the new “Magic Eden ETH” marketplace.
◾️The marketplace will launch end of 2023.
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🔔 MemeCoin token $MEME trading is now live on Binance; Currently traded around $0.024
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🔔 PayPal faces SEC action related to PYUSD stablecoin
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🔔 Federal Reserve left rates unchanged
◾️ Central bank's policy rate remains in 5.25%-5.50% range
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🔔 Adidas and Bugatti teamed up to auction off a limited number of soccer shoes.
◾️The 99 pairs of shoes inspired by Bugatti's car design come with a digital twin and will be listed for sale between Nov. 8 - 11.
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🔔 Polygon Labs launching Polygon Village 2.0 — aiming to boost ecosystem development with a $90 million fund.
◾Polygon Village initiative, offering a new grant program of more than 110 million MATIC to help projects grow within the Polygon ecosystem.
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🔔 Immutable partner with Ubisoft to revolutionize Web3 gaming.
◾Immutable announced a new partnership with Ubisoft to create a new gaming experience that will further unlock the potential of web3.
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🔔 Spot trading volume increased in October after four months of decline.
◾Total spot trading volume across centralized exchanges in October at $516.43 billion, up from a low of $323.76 billion in September, and increase of almost 60%.
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🔔 Trust Wallet introduced Wallet as a Service (WaaS) to accelerate web3 adoption.
◾Trust Wallet WaaS is designed for a broad range of clients, from Web3 natives and , centralized crypto exchanges, startups, and traditional enterprises to expand their offerings with decentralized solutions.
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🔔 Illuvium goes mainstream with upcoming Epic Games Store listing.
◾️Illuvium will feature on Epic’s store from Nov. 28.
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🔔 On November 10th, Binance will remove and cease trading on the following spot trading pairs:
▶️ In BUSD pair:
◾️AKRO ◾️AUCTION
◾️BAND ◾️BNX
◾️CTSI ◾️CVP
◾️DUSK ◾️EGLD
◾️FXS ◾️GBP
◾️GMT ◾️HBAR
◾️HIGH ◾️LINA
◾️LIT ◾️PAXG
◾️PROM ◾️PROS
◾️SXP ◾️VIDT
◾️WAVES ◾️XEC
◾️XVS
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🔔 Binance will list Ordinals (ORDI) on November 7th at 10:00 UTC.
▶️ New Spot Trading Pairs:
◾ORDI/BTC
◾ORDI/USDT
◾ORDI/TRY
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🔔 Kraken is considering bids to build its own layer-2 blockchain.
◾Kraken is reportedly in talks with Polygon, Matter Labs and Nil Foundation about a potential partnership.
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🔔 Arbitrum DAO approves proposal to activate token staking.
◾Arbitrum DAO approved a governance proposal that will enable holders of its ARB token to stake their holdings in exchange for a yield.
◾The yield will be funded by the treasury and distributed over 12 months via smart contract.
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🔔 Aave is planning to disable Stable Borrows on all networks and pools.
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🔔 Aave pauses V2 on Ethereum, freezes certain assets on V3 due to reported issue.
◾Aave paused some operations as a temporary protection measure following reports of an issue.
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🔔 Sam Bankman-Fried found guilty on all seven criminal fraud counts.
◾SBF faces a maximum sentence of 115 years in prison.
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💥 In October, MicroStrategy acquires additional 155 Bitcoin for $5.3 million.
◾As of now, MicroStrategy holds 158,400 $BTC.
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🔔 SEC files charges against SafeMoon and its executive team for fraud and unregistered offering of crypto securities.
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🔔 PayPal registered with the U.K. Financial Conduct Authority as a crypto service provider.
◾The payments firm will now be able to offer certain crypto services and advertise to local clients.
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