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Oct 18 • 18 tweets • 17 min read
A pretty quiet day for $BTC as it showed lagging performance while so much noise was created in the #crypto space today.

In @coin360com Daily Digest:
1/ In the pic:
@Ethereum @AptosLabs @ApricotFinance @ripple @rarible @zksync @shardeum @ChainSafeth @BitKeepOS @NuriBanking @ton_blockchain @ravencoin @monero @Casper_Network @quant_network @bitfinex
2/ Both S&P 500 and Nasdaq saw the green today due to strong earning reports from @GoldmanSachs and the market was waiting for more, but $BTC marked a 0.3% drop.

$740M in #BTC outflow from exchanges on Oct 18 (@cryptoquant_com) didn't seem to push a clear move for the price.
3/ $ETH saw a 0.8% decline in the past 24h with the likeliness to make a long squeeze by going down to $1,290 as stated in our TA post: coin360.com/news/bitcoin-f…

Top gainers: $TON $RVN $XMR
Top losers: $CSPR $QNT $LEO

Details in our heatmap: coin360.com
4/ @Ethereum devs can start testing out their next upgrades to the protocol on the new Shandong testnet in preparation for the Shanghai upgrade in 2023.

coindesk.com/tech/2022/10/1…
5/ @AptosLabs had a dramatic mainnet launch today with both its tps and #tokenomics sparking a debate on CT despite $APT being listed on major CEXes like @binance @okx: coindesk.com/business/2022/…

The #Aptos team defended the chain in its "day 1 update": cointelegraph.com/news/performin…
6/ The $APT hype also caused some serious mistakes as traders carelessly jumped into @ApricotFinance's $APT instead of @AptosLabs', causing the token to rise 70% at one point.

cryptopotato.com/people-buy-the…
7/ @Ripple launched the #Ripple Creator Fund, a $250M initiative committed to providing creators with the financial, creative and technical support to build on the $XRP Ledger.

decrypt.co/112200/ripple-…
8/ @Rarible has introduced an #NFT aggregator that displays options across several marketplaces to compare prices.

coinjournal.net/news/rarible-l…
9/ @zkSync rolled out a critical integration for its zkEVM technology called validity proofs ahead of its mainnet launch on Oct. 28, allowing increased scalability capabilities without compromising on security.

theblock.co/post/177819/zk…
10/ @shardeum, the #blockchain startup founded by @WazirXIndia co-founder Nischal Shetty, raised $18.2M in a seed funding round from more than 50 investors.

Shardeum is a PoS smart contract platform for improved scaling capabilities.

coindesk.com/business/2022/…
11/ Blockchain research and development studio @ChainSafeth raised $18.8M in a Series A round to build long-lasting developer tools across multiple chains.

The investment was led by @r13vc with participation from @NGC_Ventures @HashKey_Capital & others.

cointelegraph.com/news/web3-infr…
12/ A hacker stole $1M of @BNBChain and @0xPolygon-based tokens from @BitKeepOS token swap service users, then transferred them to Tornado Cash.

The team will refund all victims that lost funds in the exploit.

decrypt.co/112305/bitkeep…
13/ #Sony-backed crypto neobank @NuriBanking has to shut down after failing to find an acquirer or outside investment.

blockworks.co/german-crypto-…
14/ Other news:

3AC founders’ locations unknown as court ‘manhunt’ begins: bitcoinist.com/three-arrows-f…

@Terra_money co-founder @stablekwon tells Laura Shin fraud charges against him are illegitimate: cryptoslate.com/terra-co-found…
15/ EU Commission warns crypto mining may be halted in energy emergency: theblock.co/post/177966/eu…

Users upset that @Binance's wrong crypto network retrieval fees have soared to 500 $BUSD: cointelegraph.com/news/users-ups…
16/ Liking our daily digests? Join us on Twitter & Telegram!

We also provide you with a collection of insights from thought leaders in the Telegram channel every day 😉

Telegram chat: t.me/COIN360com
Telegram announcement: t.me/COIN360Channel
17/ That's a wrap!

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More from @COIN360com

COIN360 Profile picture
Oct 19
0/ The week of Oct 12-18 was quiet until the CPI release crashed $BTC to its new October low of $18,299, but the losses quickly recovered.

#BTC went sideways in the rest of the week with a 1% gain, followed by $ETH.

$ADA (-10%) & $XRP (-6%) were the biggest large-cap losers. Image
1/ Both #stocks & #crypto markets saw a flash sell-off after CPI, but quickly bounced back as the Fed's hawkish policy was priced in.

The Fed's plan for a rate hike streak can put more pressure on crypto in the long term. Image
2/ It's a question if we can see the decoupling of cryptos from equities.

Could crypto survive another bearish year if S&P and #NASDAQ were to lose another 10-20% in value, $USD would get even stronger, and investors may move out of risk-on assets?
Read 15 tweets
COIN360 Profile picture
Oct 18
$FXS saw a nearly 18% surge at one point in the past 24h following the expectation about its upcoming liquid staking protocol and $frxETH release.

What's in store for @fraxfinance and what the future holds: A 🧵

0/ 👇
1/ On its way to becoming a "decentralized central bank," @fraxfinance has shipped new innovations to the #crypto-verse.

And $frxETH, a liquid $ETH staking derivative to maximize staking yield and smoothen the @Ethereum staking process, is the latest one to come to life.
2/ $frxETH acts as an $ETH-pegged #stablecoin, but the peg will be "soft" at first and become "tight" after Shanghai withdrawals, according to @samkazemian:

As frxETH can be exchanged 1:1 with ETH, the amount of frxETH in circulation must be equal to the
Read 21 tweets
COIN360 Profile picture
Oct 17
As a brief spell of excitement after the CPI release faded, $BTC began the week with a small rise.

This was accompanied by a rally in #stocks and a -9.1 Empire State Manufacturing Index, indicating weaker U.S. economic data.

In @COIN360com Daily Digest:
1/ In the pic:
@Mastercard @PaxosGlobal @GlobalHolon @SocieteGenerale @FTX_Official @ripple @fraxfinance @MagicEden @apecoin @LiveArtX @DigihostTech @Casper_Network @quant_network @HuobiGlobal @ton_blockchain @ensdomains @wavesprotocol
2/ $BTC marked a 2% increase in the past 24h to drive the price above $19,500 after a quiet weekend.

This came after #BTC investment products saw a total $8.8M inflow last week, implying a net neutral sentiment amongst investors as per @coinsharesco: blog.coinshares.com/volume-102-dig…
Read 18 tweets
COIN360 Profile picture
Oct 17
Like $BTC, altcoins saw a volatile week as a result of big mixed news.

Top 7D gainers by @COIN360com:

@HuobiGlobal $HT
@quant_network $QNT
@Casper_Network $CSPR
@TrustWallet $TWT
@terra_money $USTC
@bitfinex $LEO
@kucoincom $KCS
@ton_blockchain $TON
@ensdomains $ENS
@okx $OKB Image
@HuobiGlobal, again, had an outstanding surge in $HT price after @justinsuntron revealed that he had "tens of millions" #Huobi token stakes following advisory role appointment.

decrypt.co/112118/huobi-t…
@quant_network representatives joining #Sibos2022 raised hope for a possible #SWIFT partnership. This may be the reason that $QNT saw a nice jump last week.

coin360.com/coin/quant-qnt
Read 6 tweets
COIN360 Profile picture
Sep 26
$MIOTA has been one of the best performers in the @COIN360com top 100 list with a 9.2%% daily gain and 21% weekly gain.

What powered such a price surge in a bleeding market? #IOTA 2.0 with @shimmernet, #Stardust, and more @iota developments.

A 🧵 👇

0/
1/ What is @iota?

A distributed ledger built for the "Internet of Everything" for exchanging value and data between humans and machines.

It uses Tangle, a structure where newer txs verify the older ones, for parallel validation of txs without requiring total ordering.
2/ It offers a network that is:

- Secure: the whole system is distributed across many network participants -> no single point of failure or attack

- Feeless: no txs fees charged, but $MIOTA holders can secure prioritized txs if the network reaches capacity limits
Read 25 tweets
COIN360 Profile picture
Sep 23
Some cryptocurrencies gave up their gains yesterday as $BTC slid below $19,000, and $DXY took a rally to 112, which is considered negative for #bitcoin price.

In #Coin360 Daily Digest: Image
1/ In the pic:
@CFTC @harmonyprotocol @dbsbank @Coinsquare @CoinSmart @Chain @Patriots @BlockdaemonHQ @3commas_io @hadeaninc @TheMonkeyLeague @acmilan @ValourGlobal @cronos_chain @XinFin_Official @feiprotocol @bitfinex @terra_money @ton_blockchain
2/ $BTC failed to break $19,500 today.

It is trading under $18,800 at the time of writing, posting a 1.4% drop in the past 24h. Traders are waiting for Powell's comments at the "Fed Listens" event.

Macro, #BTC & #ETH technical analysis: coin360.com/news/btc-afloa… Image
Read 17 tweets

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