South Korea arrests Terra's Head of General Affairs for fraud and market manipulation.
The Seoul Southern District Prosecutors’ Office have issued a bench warrant on Wednesday on Yoo, Terra’s head of general affairs, with charges of violating the capital markets act, fraud and breach of duty among others, the district prosecutor Choi Sung-kook confirmed with Forkast. Only his last name, Yoo, was revealed.
https://finance.yahoo.com/news/south-korea-makes-first-arrest-064305725.html
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The Seoul Southern District Prosecutors’ Office have issued a bench warrant on Wednesday on Yoo, Terra’s head of general affairs, with charges of violating the capital markets act, fraud and breach of duty among others, the district prosecutor Choi Sung-kook confirmed with Forkast. Only his last name, Yoo, was revealed.
https://finance.yahoo.com/news/south-korea-makes-first-arrest-064305725.html
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Yahoo
South Korea makes first arrest in Terra-LUNA investigation
South Korean prosecutors have arrested a Terraform Labs employee, in their first arrest under the investigation of the Terra-LUNA collapse. A bench warrant, which allows law enforcement to take suspects into custody, was issued on Wednesday for the arrested…
[Institutional investors not yet buying BTC]
If prices rose without buying by Institutional investors before the FOMC rate announcement in November, it is likely to lose its upward momentum and dump it.
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If prices rose without buying by Institutional investors before the FOMC rate announcement in November, it is likely to lose its upward momentum and dump it.
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SHOCKING. Decentraland has just 29 active users and the FDV is standing at ~$1.54B.
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Looking back at Solana outages, why are they frequent?
This is bit technical, but insightful article on why Solana chain goes down (occasionally 😉).
https://wublock.substack.com/p/looking-back-at-solana-outages-why
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This is bit technical, but insightful article on why Solana chain goes down (occasionally 😉).
https://wublock.substack.com/p/looking-back-at-solana-outages-why
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Wu Blockchain
Looking back at Solana outages, why are they frequent?
Solana has now released Mainnet-v1.10.40 and v1.13.2, which fix the issue that caused the network outage last week. Last week, we have learned, Solana outages is due to the error of a validator configuration, running the repeated validator instances, this…
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In numbers: All you need to know about NFTs on Ethereum and Solana chain (on a 24h timeframe):
Solana chain garners 1/10th the volume that the Ethereum network sees.
The average trade size on Ethereum is $246, while on Solana, $56.
Notably, volume on the Ethereum network dipped by 60% in the last 4 months.
https://www.cryptopolitan.com/in-numbers-nfts-on-ethereum-and-solana-chain/
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Solana chain garners 1/10th the volume that the Ethereum network sees.
The average trade size on Ethereum is $246, while on Solana, $56.
Notably, volume on the Ethereum network dipped by 60% in the last 4 months.
https://www.cryptopolitan.com/in-numbers-nfts-on-ethereum-and-solana-chain/
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Cryptopolitan
In numbers: All you need to know about NFTs on Ethereum and Solana chain 1
Dune analytics has released a new report that looked into the activities of NFTs across the Ethereum and Solana blockchain.
Binance Halts BSC Following Massive Hack
https://twitter.com/cz_binance/status/1578171072067031042
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https://twitter.com/cz_binance/status/1578171072067031042
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Fed-Fueled Crypto Bear Market Could Last 12-18 More Months: Solana Co-Founder
https://decrypt.co/111409/fed-crypto-bear-market-12-18-months-solana-co-founder
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https://decrypt.co/111409/fed-crypto-bear-market-12-18-months-solana-co-founder
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Decrypt
Fed-Fueled Crypto Bear Market Could Last 12-18 More Months: Solana Co-Founder - Decrypt
Solana co-founder Anatoly Yakovenko joins Decrypt’s gm podcast to talk crypto winter vibes and the value of Solana’s Breakpoint conference.
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South Korea court dismisses arrest warrant for Terraform Labs employee.
A South Korean court dismissed an arrest warrant for a Terraform Labs employee, a move that came hours after reports emerged about his arrest.
https://www-yna-co-kr.translate.goog/view/AKR20221006159651004?_x_tr_sl=auto&_x_tr_tl=EN&_x_tr_hl=en-GB
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A South Korean court dismissed an arrest warrant for a Terraform Labs employee, a move that came hours after reports emerged about his arrest.
https://www-yna-co-kr.translate.goog/view/AKR20221006159651004?_x_tr_sl=auto&_x_tr_tl=EN&_x_tr_hl=en-GB
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연합뉴스
'테라·루나 사태' 권도형 측근 구속영장 기각(종합) | 연합뉴스
(서울=연합뉴스) 송정은 기자 = 가상자산 루나와 테라USD 폭락 사태의 주요 인물인 테라폼랩스 업무총괄팀장 유모씨의 구속영장이 법원에서 기각됐...
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MakerDAO to Invest $500 Million in US Government Bonds
https://twitter.com/MakerDAO/status/1577725808080293897
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https://twitter.com/MakerDAO/status/1577725808080293897
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According to PeckShield, the BNB chain exploit removed about $89.5 million using bridges with non-BSC networks:
~ 58% - on Ethereum
~ 33% - on Fantom
~ 4.5% - on Arbitrum
https://twitter.com/peckshield/status/1578184126338723841
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~ 58% - on Ethereum
~ 33% - on Fantom
~ 4.5% - on Arbitrum
https://twitter.com/peckshield/status/1578184126338723841
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Norway Minister Proposes Scrapping Reduced Tax Policy For Minors
https://e24.no/norsk-oekonomi/i/Po8z3b/roedt-faar-ikke-medhold-i-forbud-mot-kryptoutvinning
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https://e24.no/norsk-oekonomi/i/Po8z3b/roedt-faar-ikke-medhold-i-forbud-mot-kryptoutvinning
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e24.no
Rødt får ikke medhold i forbud mot kryptoutvinning
Ap og Sp støtter ikke Rødts forslag om å forby utvinning av energikrevende kryptovaluta. – Det virker som regjeringen vil gi regningen til norske strømkunder, sier Marhaug (R).
Over 51% of daily Bitcoin volume on crypto exchanges is fake
https://www.banklesstimes.com/news/2022/10/05/51percent-of-daily-bitcoin-volume-in-2022-is-fake/
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https://www.banklesstimes.com/news/2022/10/05/51percent-of-daily-bitcoin-volume-in-2022-is-fake/
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Bankless Times
51% Of Daily Bitcoin Volume in 2022 Is Fake
Bitcoin trading volume is set to increase in the coming years as more investors enter the market. However, a large portion of this daily volume may be fake. Read on to understand
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Bored Ape Yacht Club Launches First ‘Community Council’
https://yuga.com/blog/bayc-community-council/
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https://yuga.com/blog/bayc-community-council/
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Yuga
MEET THE NEW BAYC COMMUNITY COUNCIL
You’ve heard us say this before, but Bored Ape Yacht Club wouldn't be where it is today without our community.
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BNBChain announced that it will adopt on-chain governance votes to determine future actions.
On-chain governance votes to determine the following four actions for the common good of BNB:
1. What to do with the hacked funds, freeze or not to freeze?
2. Whether to use BNB Auto-Burn to cover the remaining hacked funds, or not?
3. A Whitehat program for future bugs found, $1M for each significant bug found.
4. A Bounty for catching hackers, up to 10% of the recovered funds.
https://www.bnbchain.org/en/blog/bnb-chain-ecosystem-update
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On-chain governance votes to determine the following four actions for the common good of BNB:
1. What to do with the hacked funds, freeze or not to freeze?
2. Whether to use BNB Auto-Burn to cover the remaining hacked funds, or not?
3. A Whitehat program for future bugs found, $1M for each significant bug found.
4. A Bounty for catching hackers, up to 10% of the recovered funds.
https://www.bnbchain.org/en/blog/bnb-chain-ecosystem-update
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BNB Chain Blog
BNB Chain Ecosystem Update - BNB Chain Blog
Stay up-to-date on the latest news and developments in the world of Web3 with the BNB Chain blog. Get insights, analysis, and expert perspectives on the blockchain developed by the BNB Chain community.
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FTX and Visa partner to permit crypto payments in 40 countries
https://www.google.com/amp/s/www.cnbc.com/amp/2022/10/07/visa-partners-with-ftx-in-a-bet-that-shoppers-still-want-to-spend-cryptocurrencies-in-a-bear-market.html
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https://www.google.com/amp/s/www.cnbc.com/amp/2022/10/07/visa-partners-with-ftx-in-a-bet-that-shoppers-still-want-to-spend-cryptocurrencies-in-a-bear-market.html
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CNBC
Visa partners with FTX in a bet that shoppers still want to spend cryptocurrencies in a bear market
Visa is betting that crypto investors still want to spend their digital currencies as asset prices plummet this year.
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Grifters rug over 60 ETH from spoof token created after Binance exploit
https://twitter.com/lorem___/status/1578206162494685185
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https://twitter.com/lorem___/status/1578206162494685185
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Twitter
1/ I saw some shadowy-super-coder supervillian tactics on ETH mainnet after the $600 million BNB hack. A few minutes after the initial hack, the hacker created a BNBHACKERINU token and rugged it two hours later
SushiSwap’s been rolling up some pretty tasty gains as institutional investors hop on board.
GoldenTree Asset Management has invested $5.2m in SUSHI, the governance token of the SushiSwap decentralized exchange. GoldenTree currently has around $47bn under management and said it was “psyched to be more active in all things Sushi.”
The news caused SUSHI to jump by almost 15% since Wednesday, although the token’s still down almost 90% from its high of $9.50 in January this year. That being said, SushiSwap’s been on a roll recently with its DAO electing Jared Grey as its new CEO or ‘head chef’.
This isn’t GoldenTree’s first foray into crypto. The group purchased an undisclosed amount of Bitcoin last year, but some users are worried that ‘whale’ purchases of the SUSHI governance token risks centralizing the supposedly decentralized platform.
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GoldenTree Asset Management has invested $5.2m in SUSHI, the governance token of the SushiSwap decentralized exchange. GoldenTree currently has around $47bn under management and said it was “psyched to be more active in all things Sushi.”
The news caused SUSHI to jump by almost 15% since Wednesday, although the token’s still down almost 90% from its high of $9.50 in January this year. That being said, SushiSwap’s been on a roll recently with its DAO electing Jared Grey as its new CEO or ‘head chef’.
This isn’t GoldenTree’s first foray into crypto. The group purchased an undisclosed amount of Bitcoin last year, but some users are worried that ‘whale’ purchases of the SUSHI governance token risks centralizing the supposedly decentralized platform.
📍 Follow @Coins for the hottest news in crypto.
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DEXs vs. CEXs
DEX volume continues to rise and currently accounts for 18% of spot trading volume. DEX volumes have also remained resilient at over $50 billion per month. DEX volumes to eventually overtake CEX volumes?
AMMs currently dominate DEX volume. However, many projects launching in the next year are exploring on-chain order books. AMMs will probably maintain a majority of trading volume for pegged assets. Otherwise, look for decentralized order books to gain market share over AMMs.
In traditional finance, options markets have significantly more volume than spot markets. However, TradFi doesn't have access to the perpetual instruments offered by DeFi. In some ways, trading in perpetuals offers much less complexity than dealing with options.
From Delphi Digital.
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DEX volume continues to rise and currently accounts for 18% of spot trading volume. DEX volumes have also remained resilient at over $50 billion per month. DEX volumes to eventually overtake CEX volumes?
AMMs currently dominate DEX volume. However, many projects launching in the next year are exploring on-chain order books. AMMs will probably maintain a majority of trading volume for pegged assets. Otherwise, look for decentralized order books to gain market share over AMMs.
In traditional finance, options markets have significantly more volume than spot markets. However, TradFi doesn't have access to the perpetual instruments offered by DeFi. In some ways, trading in perpetuals offers much less complexity than dealing with options.
From Delphi Digital.
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