Rising bond yields and good inflation data may push the Fed to keep the interest rates unchanged at the next meeting 🤔
Weekly news digest:
💎 Crypto
🔸 The chief financial officer of Ripple, has left the crypto payments platform amid the SEC lawsuit
🔸 Friend Tech added 2FA password protection
🔸 The Uniswap wallet app is coming to Android users
🔸 Gitcoin lost $460k after mistakenly sending the funds to an unrecoverable contract address
🔸 USDR stablecoin depegged by 40%
🔸 It turned out that Alameda Research was responsible for minting more than 39.5 billion USDT
🔸 Galxe has fully compensated users who lost money after the recent hack of their website
🔸 CoinMarketCap has launched its own plugin for ChatGPT
🔸 Hacker of Stars Arena returned 90% of the stolen funds and got a 10% bounty for that
🔸 Polygon Labs co-founder Sandeep Nailwal proposed the ApeCoin DAO (BAYC) develop “ApeChain”
🔸 Platypus, the DeFi protocol based on the Avalanche blockchain, was hacked for $2 million
🔸 MetaMask was removed from Apple’s App Store for a few hours on Oct. 14, app is back now
🏦 Crypto exchanges
🔸 Genesis Global Trading, a crypto broker, halts withdrawals after being ordered to settle a $175 million settlement with FTX
🔸 Coinbase had told the IRS in its 14-page letter that it has "serious concerns" about proposed tax rules in the United States
🔸 The hacker responsible for the 5,000 ETH exploit on the HTX has returned the stolen funds in exchange for a 250 ETH bounty
🔸 Industry Recovery Initiative started by Binance in Nov. 2022 failed
🔸 Israeli police froze the Binance accounts associated with Hamas
💵 Finances and Economy
🔸 US CPI: Year-over-year inflation rate held steady at 3.7%, slightly exceeding the estimated 3.6%
🔸 JPMorgan Chase has gone live with its first collateral settlement for clients using blockchain
🔸 Bank of Israel plans to sell $30 billion of forex reserves to stabilize shekel amid war
🔸 ARK Invest has unveiled an updated version of its spot Bitcoin ETF prospectus with new amendments
🔸 IMF forecasts high inflation for next year and calls for central banks to keep policy tight
🔸 Mastercard conducted successful trials with CBDC payments during the pilot project to explore potential use cases for CBDC in Australia
🔸 Microsoft completes a $69b takeover of Activision Blizzard
⚖️ Law and Order
🔸 The UK FCA placed 143 entities, including HTX and KuCoin on its warning list
🔸 Prosecutors revealed Alameda CEO Caroline Ellison's to-do list, which included getting regulators to bring down the Binance
🔸 Microsoft said the IRS wants them to pay $28.9 billion plus additional fines and interest for the tax years 2004 to 2013
🗣 Personalities
🔸 SBF planned to become a US president
🔸 Jim Cramer, famous for his unsuccessful predictions, said that BTC is about to drop
🔸 Senator Elizabeth Warren is calling for the US to hurry up with the country's crypto tax rules
🔸 A man from California won $1.76 billion in the lottery
🚀 Best performers of the week:
LOOM Network - $0.408 (↑134.8%)
KLAY - $0.17 (↑7.7%)
TWT - $1.1 (↑5.6%)
