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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Bitcoin Whale Abruptly Moves $516,537,079 in BTC Across Two Huge Crypto Transactions

https://m.rbi.org.in//Scripts/BS_PressReleaseDisplay.aspx

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MoonPay Makes A Push In Sports, Signs On With Brazilian Soccer Club Flamengo

https://twitter.com/moonpay/status/1578108442719330304

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Rumors are that the real buyer of Huobi is Justin Sun, possibly with the help of SBF.

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North Korea ‘Funding Weapons Programs’ with Vast Cache of ‘Stolen Crypto’

https://twitter.com/nytimes/status/1579381259360358400

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TRON (TRX) hits 4 billion network transactions upon rumors of Justin Sun buying Huobi

https://tronscan.org/#/

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Brazil police bust crypto group led by ‘Bitcoin Sheikh’

https://www.gov.br/pf/pt-br/assuntos/noticias/2022/10/pf-deflagra-operacao-contra-organizacao-criminosa-suspeita-de-fraudes-bilionarias-com-criptomoedas-no-brasil-e-exterior

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SBF from FTX just published a Twitter thread on new & upcoming features for FTX exchange.

https://twitter.com/SBF_FTX/status/1579383258584059905

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Upcoming events in the next 4 days, that could have impact on the markets.

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Ethereum adds 135,000 new addresses marking the highest daily network growth in 2022

https://twitter.com/santimentfeed/status/1579186559483772928

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South Korean firm Blockwater defaults on $3 million loan from TrueFi.

https://blog.truefi.io/truefi-issues-notice-of-default-to-blockwater-technologies-19088a9b2570

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UAE Web3 ecosystem houses almost 1.5K active organizations

https://cryptooasis.ae/ecosystem-report-2022/

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Celcius's top execs have been up to some possibly shady business. Both its CEO Alex Mashinksy and chief strategy officer Daniel Leon withdrew $10m and $7m respectively from the platform before the public was made aware of its liquidity issues and withdrawals were frozen.

Celsius has revealed the transaction history of every user on the platform, including its own execs, in a new court filing. The document spanned 14.5k pages and made public the wallet IDs and transaction details of anyone who has ever used the platform in what’s being called one of the worst privacy violations in crypto.

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Polygon launches testnet for Layer 2 network Hermez

https://blog.polygon.technology/polygon-zkevm-public-testnet-the-next-chapter-for-ethereum/

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Kid: I bought bitcoin
Father: Want to hear my opinion?
Kid: Sure
Father: It is worthless
Kid: Ok, but i want to hear it anyway

Coinbase gains in-principle approval for Singapore crypto license

https://www.reuters.com/technology/crypto-giant-coinbase-gets-singapore-licence-2022-10-11/

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European Crypto Regulations Enter Final Phase

https://twitter.com/EP_Economics/status/1579501816508604416

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Main hacker in Transit Swap exploit agrees to return remaining funds

https://medium.com/@TransitSwap/updates-about-transitfinance-317f4fe67931

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Optimism token contract bug resulted in 10x more unlock than intended.

OP team identified the 'mistake' and assured about rectification.

https://twitter.com/OptimismGov/status/1579515114071302145

Avalanche's Total Revenue Declined by 94%

https://twitter.com/MessariCrypto/status/1579607732323119104

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