LIVEShort crypto news:
- Crypto market remains relatively stable despite rising interest rates. Bitcoin and Ethereum prices have held up well in recent weeks, even as the US Federal Reserve has continued to raise interest rates. This suggests that investors may be seeing crypto as a hedge against inflation and other economic uncertainties.
- Ethereum ETF approval may be on the horizon. The US Securities and Exchange Commission (SEC) is reportedly close to approving a spot Bitcoin ETF. This could be a major milestone for the crypto industry, as it would provide investors with a more regulated and accessible way to invest in Bitcoin.
- Crypto VC funding down sharply in Q3. According to a report by FundStrat Global Advisors, crypto VC funding in Q3 2023 was down nearly 75% from the same period in 2022. This decline is likely due to the ongoing bear market in crypto.THORSwap pauses platform after series of FTX hack-linked trades.
- THORSwap, a decentralized exchange (DEX), has paused its platform after detecting a series of trades that were linked to the recent hack of the FTX exchange. The DEX is currently working with law enforcement to investigate the matter.