Liquidation tidal wave. Levered-up crypto traders — especially those on the short end — have seen nearly $1.3 billion in liquidations over the past two days as bitcoin jumped above $20,000 for the first time in weeks.

The move started yesterday with about $785 million in liquidations, with bitcoin accounting for almost half of those, according to The Block's Data Dashboard.

Shorts – traders betting the price of cryptocurrencies would decrease – far outpaced long bets with $686 million in liquidations yesterday and another $585 million today.

What gives? The Block's Adam Morgan McCarthy notes that markets writ large yesterday seemed to climb on the assumption that the Fed won't hike interest rates as aggressively in December.

Though markets are generally lower today, cryptocurrencies posted gains again – and the liquidations continued.

In all, about 205,000 traders have been soaked since the surge in prices began.

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UvTokenWallet's Eco Staking project has been hacked.

https://bscscan.com/address/0xf3e3ae9a40ac4ae7b17b3465f15ecf228ef4f760#tokentxns

https://twitter.com/peckshield/status/1585499892474318849

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Introducing Blockchain Node Engine: fully managed node-hosting for Web3 development by Google Cloud.

Ethereum will be the first blockchain supported by Blockchain Node Engine, enabling developers to provision fully managed Ethereum nodes with secure blockchain access.

https://cloud.google.com/blog/products/infrastructure-modernization/introducing-blockchain-node-engine

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Token Unlock alert ($IMX):

254,862,617 $IMX ($152M) will be unlocked on November 5th, 12.743 % of the total supply.

And 120,247,233 $IMX($72M) is unlocked for Private Sales.

The number of tokens unlocked on November 5th will exceed the current circulating supply.

Co-founder announced:
- They will relock all $IMX of Project Development for at least 1 year.

- The early unlocking holders are large strategic shareholders and won’t be selling.

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Huobi Global to Delist HUSD and Convert HUSD Assets to USDT Assets.

https://www.huobi.com/support/en-us/detail/104921194018990

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Telegram launches https://fragment.com.

Fragment facilitates to buy Telegram usernames.

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Binance will list Osmosis (OSMO) in the Innovation Zone at 2022-10-28 10:00 UTC.

https://www.binance.com/en/support/announcement/0c5d8ebc2ce1441ebb86c350a9950b65

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Users Will Be Able to Buy and Sell NFTs Through Tweets on Twitter.

Meanwhile Elon Musk just tweeted: 'bird is freed.'

https://www.cryptopolitan.com/twitter-users-to-buy-and-sell-nfts/

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Visa Has Plans to Launch Its Own Cryptocurrency Wallet.

Visa has filed several cryptocurrency-related trademark applications, according to trademark attorney Mike Kondoudis.

https://u.today/visa-has-plans-to-launch-its-own-cryptocurrency-wallet

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Buy and Sell NFTs for Free, While Still Supporting the Creators You Love

LooksRare will offer zero royalty trading, and instead shares 25% of protocol fees with NFT creators.

https://docs.looksrare.org/blog/looksrare-offers-zero-royalty-trading-shares-protocol-fees-with-creators-instead

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Bitcoin ATMs surge in Russia amid regulatory uncertainty.

Most Bitcoin ATMs enable users to purchase more than one digital asset using cash or cards. Once payment for the transaction is made, the user needs to submit a wallet where the bought digital asset will be forwarded. Some machines also allow traders to sell their digital assets in return for cash, but the reports claim that only a fraction of the ATMs in Russia allow that. The company producing the ATMs claims that its machines are sold for about $3,600.

https://www.cryptopolitan.com/bitcoin-atms-surge-russia-uncertainty/

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Rumors are that Elon rejected FTX's SBF offer of few million dollars (maybe billions?) as part of Twitter buy out.

We know CZ & Binance were part of the deal and they invested $500M.

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Bank of America is seeking a crypto policy expert to keep tabs on digital asset regulation and identify "key risks" fintech could pose to its business.

Here is the full job posting: https://www.linkedin.com/jobs/view/3318202452/

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The global crypto market cap is $1.03T, a 1.40% increase over the last day.

The total crypto market volume over the last 24 hours is $89.87B, which makes a 14.45% increase.

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There have been 415 crypto-focused venture funds launched so far this year, with a collective $121 billion raised.

However, only $32 billion in venture capital has been deployed since the start of the year.

Source: Blockworks

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After Elon Musk fired (shortening) the Twitter team, Justin Sun of Huobi seemed to be taking the same route of firing/shortening the team.

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Binance has announced the 31st project on Binance Launchpool - Hashflow (HFT), a decentralized exchange connecting traders with professional market makers.

Users will be able to stake their BNB and BUSD into separate pools to farm HFT tokens over 30 days, with farming starting from 2022-11-01 00:00 UTC.

Binance will then list HFT into the innovation zone at 2022-11-07 13:00 UTC and open trading with HFT/BTC, HFT/BUSD and HFT/USDT trading pairs.

https://www.binance.com/en/support/announcement/73d44e64598c446cb4ec2f83b776c2f0

BNB currently trading at $326.5

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Remembering 14th Anniversary of Bitcoin Whitepaper.

On 31 October 2008, Satoshi Nakamoto published a whitepaper on the cryptography mailing list at metzdowd, titled 'Bitcoin: A Peer-to-Peer Electronic Cash System'.

https://bitcoin.org/bitcoin.pdf

RBI will soon launch the Digital Rupee for specific use cases on 1 November.

The Reserve Bank of India (RBI) announced on Monday that it will soon be commencing pilot launches of the digital rupee for specific use cases.

https://www.livemint.com/economy/digital-rupee-for-wholesale-segment-to-be-launched-on-1-nov-11667219105489.html

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FOMC this week (Wednesday 18:00 UTC).

Another hawkish announcement is expected. Estimates are that we will see another 75bps hike.

Downside seems limited for risk assets. Most quickly shrugged off poor US earnings last week which was impressive and a sign that something has shifted.

With markets factoring in all the above, we might see the short-term bullishness to continue. NFA.

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