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.
#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.
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.
The Fed's plan for a rate hike streak can put more pressure on crypto in the long term.
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?
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?
3/ $HT (+30%) added 70% to its price in the past 30D.
About Capital, the firm that bought @HuobiGlobal stake from its founder Leon Li, is rumored to be majority funded by @justinsuntron.
Sun has also joined #Huobi as an advisor and confirmed holding ~74M tokens.
About Capital, the firm that bought @HuobiGlobal stake from its founder Leon Li, is rumored to be majority funded by @justinsuntron.
Sun has also joined #Huobi as an advisor and confirmed holding ~74M tokens.
4/ $QNT (+29%) wrote its name in the top 30 coins on @COIN360com by market cap. Its price has been ~x2 over the past 3 months.
$CSPR (+25%) saw 2 distinct waves of fundamental-backed hype push the price up, from the new enterprise-grade #NFT standard to the upcoming Casper 2.0.
$CSPR (+25%) saw 2 distinct waves of fundamental-backed hype push the price up, from the new enterprise-grade #NFT standard to the upcoming Casper 2.0.
5/ $APE (-14%) was below $4.5 after an SEC investigation against @yugalabs.
The probe is to determine if its digital assets are securities and should be treated like stocks and if @apecoin should be considered a security.
$GMT (-12%) has been down 85% from ATH in April 2022, w/
The probe is to determine if its digital assets are securities and should be treated like stocks and if @apecoin should be considered a security.
$GMT (-12%) has been down 85% from ATH in April 2022, w/
6/ $GST down 99% from ATH. @Stepnofficial denied laying off 100+ contract workers.
$ETHW (-11%) extended its loss since the Merge to 82%. Earlier this month, @EthereumPoW released the first batch of projects in the ecosystem, but trading volumes still plunged due to price drops.
$ETHW (-11%) extended its loss since the Merge to 82%. Earlier this month, @EthereumPoW released the first batch of projects in the ecosystem, but trading volumes still plunged due to price drops.
7/ @solana continuously faced headwinds in the bear market, from the outage on Oct 1 to the @mangomarkets hack, which sent its TVL to under $1B for the first time since July 2021.
Notably, #Solana TVL slashed 90% since late 2021, with $SOL down 88% since its ATH on Nov 6, 2021.
Notably, #Solana TVL slashed 90% since late 2021, with $SOL down 88% since its ATH on Nov 6, 2021.
8/ @AptosFoundation & @SuiNetwork joined the race, but #Aptos was the first to run with its mainnet on Oct 18.
Prior to the launch, Aptos raised millions of dollars at a $4B valuation. But the launch was a mess with dramatic $APT tokenomics & allocations, the controversy around
Prior to the launch, Aptos raised millions of dollars at a $4B valuation. But the launch was a mess with dramatic $APT tokenomics & allocations, the controversy around
9/ the entrepreneur Shari Glazer's lawsuit against Aptos CEO, and the listing chaos.
#Sui is expected to build upon the mistakes its competitors made. But it's still early to say anything about the future. Let's see how the 3 teams find their own niche to develop in.
#Sui is expected to build upon the mistakes its competitors made. But it's still early to say anything about the future. Let's see how the 3 teams find their own niche to develop in.
10/ Notable news:
@binance launches $500M fund to provide loans to #Bitcoin miners: cutt.ly/KBBqQRk
@Tether_to slashes commercial paper to zero: cutt.ly/KBBqOjo
@BlockTower launches $150M fund backed by BPI France and Mass Mutual: cutt.ly/JBBqKHS
@binance launches $500M fund to provide loans to #Bitcoin miners: cutt.ly/KBBqQRk
@Tether_to slashes commercial paper to zero: cutt.ly/KBBqOjo
@BlockTower launches $150M fund backed by BPI France and Mass Mutual: cutt.ly/JBBqKHS
11/ Crypto exchange @FTX_Official US under investigation by Texas regulator over securities allegations: cutt.ly/UBBqM14
US investigating bankrupt crypto hedge fund Three Arrows Capital: cutt.ly/uBBq8NB
US investigating bankrupt crypto hedge fund Three Arrows Capital: cutt.ly/uBBq8NB
12/ @Mastercard will help banks offer cryptocurrency trading: cutt.ly/GBBwupS
France approves its third-biggest bank to operate digital asset services: cutt.ly/wBBwfOl
France approves its third-biggest bank to operate digital asset services: cutt.ly/wBBwfOl
13/ More market insights and infographics? Subscribe to our free newsletter and head over to our News section: coin360.com/news
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