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FTX and Binance have made the bids for the assets of bankrupt crypto-lender Voyager Digital. But neither bid has been accepted yet.

The current bid from Binance is about $50M, slightly higher than the bid from FTX, according to the people.

https://www.wsj.com/articles/binance-and-ftx-make-top-bids-for-bankrupt-lender-voyager-11663708731

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The Tide Rolls Out for The Sandbox?

Virtual land trading volume drops by 98% and its Market cap dropped by ~75%.

https://members.delphidigital.io/reports/the-tide-rolls-out-for-the-sandbox

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JP Morgan CEO, Jamie Dimon, Slams Crypto Tokens as ‘Decentralized Ponzi Schemes’

https://www.bloomberg.com/news/articles/2022-09-21/dimon-calls-out-cryptocurrency-as-decentralized-ponzi-schemes

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ICYMI: The Federal Open Market Committee (FOMC) concluded its Sept 20-21 meeting by raising the federal funds target rate by 75 basis points (bps) to a range of 3% to 3.25%.

This was the third consecutive 75 bps rate hike, and the fifth rate increase this year alone.

https://www.forbes.com/advisor/investing/fomc-meeting-federal-reserve

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Hedz NFT collection flips AZUKI, ENS, BAYC, MAYC collections in 24h total volume.

Earlier today: Chiru Labs, creator of the Azuki NFT collection, is closing in on a $30 million Series A raise.

Earlier this week: NFT project Doodles bagged $54 million from venture capitalists.

https://dune.com/cryptuschrist/Top-100-NFT-Projects

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Supply change of $ETH since merge is +4580 ETH. Even though ETH was supposed to be deflationary post merge, lack of demand still makes it Inflationary.

Contrary, if ETH's consensus was PoW, supply would have shot to +88,739 ETH.

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Bank of England raises interest rates to 2.25% — 0.5 percentage point increase as UK inflation continues to rise, now closing in on 10%.

This is the seventh consecutive increase and makes it the highest level of interest rates since 2008.

https://uk.finance.yahoo.com/news/bank-of-england-hikes-uk-interest-rates-14-year-high-110559733.html

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Huobi Technology considers name change

https://www1.hkexnews.hk/listedco/listconews/sehk/2022/0921/2022092100153.pdf

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Helium Foundation announces migration to Solana following community vote

The move aims to scale Helium to meet the demands of builders and users, supporting a goal to accelerate the decentralized wireless network of Helium 5G and more than 945,000 Internet of Things user-managed hotspot devices.

https://www.theblock.co/post/172107/helium-foundation-announces-migration-to-solana-following-community-vote

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From the Web2 world:

By now, we all have heard about Adobe acquiring Figma. But what is in it for Figma employees from this acquisition?

Imagine an associate joining Figma in ~2018, they would have received 250k stock options, and exercised them all, the net outcome today would be $8.16m

But if they waited until the acquisition to exercise, they'd take home $7.50m – a difference of $657,822.

More often then not, it pays to #hodl.

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Harmony announces update on Horizon Bridge attack recovery plan

https://medium.com/harmony-one/horizon-bridge-recovery-plan-1685556445d8

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