Interesting NFT stats from October '22:

Total sales volume: $460M
Unique Buyers: 545,661
Unique Sellers: 521,448
Total Transactions: 4,835,724
Average Sales (USD): $95.2

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Google announces it's running a Solana validator to participate in and validate the network.

https://twitter.com/googlecloud/status/1588927875314499590

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Pre-production versions of the Solana phone will be shipped to developers from Dec. 15, as the product gears up for introduction in early 2023.

Around 3,500 developer-focused kits have been manufactured and are boxed up, according to an update at Breakpoint, Lisbon. The last hurdle is the release software that’s going through final testing.

The phones will let developers in the Solana ecosystem test decentralized applications for the Solana dApp store. They will also allow them to try out the Solana Mobile Stack and the Seed Vault – the way the phone stores private keys.

Specs: The Solana phone, called Saga, is an Android phone featuring a Snapdragon 8+ Gen 1 chip, 12 gigabytes of RAM and an OLED display. It will go on sale for $1,000 in Q1 2023.

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And $BNB: https://twitter.com/cz_binance/status/1589141981514838016

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Although SBF has withdrawn funds from various places to the FTX exchange, FTX's hot wallet address assets decreased from $2.4B to $1.8B in the past 24 hours.

Now there is no $ETH and stablecoins spot in FTX's hot wallet: https://etherscan.io/address/0x2FAF487A4414Fe77e2327F0bf4AE2a264a776AD2

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Funds flowing out of FTX exchange in masses.

https://etherscan.io/address/0x2faf487a4414fe77e2327f0bf4ae2a264a776ad2

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Does 3AC already knew this and withdrew funds months ago?

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Meta gears up for layoffs:

The Wall Street Journal reported that Facebook's parent company is set to let go "thousands" of employees this week.
Remember: CEO Mark Zuckerberg instituted a hiring freeze in September amid plans for restructuring. So the news isn't exactly Surprising.

Numerous crypto companies have trimmed headcount this year amid higher business costs and lower demand.

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$HFT will be listing on Coinbase: https://www.coinbase.com/blog/increasing-transparency-for-new-asset-listings-on-coinbase

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Here is $HFT price predictions:

Pessimistic → Market Cap 43M - $HFT $0.25
Investors → Market Cap 70M - $HFT $0.40
Moderate → Market Cap 86M - $HFT $0.49
Optimistic → Market Cap 177M - $HFT $1.01
Ecstatic → Market Cap 500M - $HFT $2.85

Source: Olimpio Crypto

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Past 7 day stablecoin flows:

Binance: $411.5M
FTX: -$451.5M

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Few FTX users are complaining that FTX is charging hefty withdrawal fee.

Someone trying to withdraw $1000 at withdrawal fee of $100.

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Did you know Binance saw their LUNA holding go from 8.8 billion turn into 200 dollars?

Is FTT overleveraged? Is this why CZ is being precautionary and selling off?

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US CPI is due on Thursday this week.

Expectations are that inflation ran hot again last month.

Core to show +0.5% MoM, +6.6% YoY

Source: Cleveland Fed

Hasflow $HFT is now live on Binance. Listed Hashflow into the innovation zone.

HFT is now trading at $1.3(max $35).

https://www.binance.com/en/trade/HFT_USDT

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Department of Justice seizes $3.36 billion Bitcoin in connection with the Silk Road fraud, the largest crypto seizure ever.

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Tech companies this month:

1. Twitter - Laying off 75% of employees
2. Apple - Hiring freeze
3. Amazon: Hiring freeze
4. Snapchat: Laying off 20% of employees
5. Meta: Laying off “thousands” this week
6. Microsoft: Layoffs have begun
7. Intel: Laying off 20% of employees

Source: Kobeissi Letter

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Dogecoin’s attention drought is ending

Dogecoin’s Twitter followers seems to have been pretty flat over the past three months, with the @dogecoin account never gaining more than 4k followers a week. That is until these past two weeks, which saw Dogecoin gain over 35k followers.

The meme token has been reaping the benefits of Elon Musk’s Twitter acquisition, as it’s not every day a big tech gains a CEO who once called Dogecoin “the people’s crypto.”

Dogecoin’s price since pre-Musk Twitter is still quite high despite the initial hype rally dying down.

The excitement was driven by Musk hinting that the token might soon be used for payments within his newly owned bird app.

Beyond price, it seems social media interest was also piqued, with the surge of new followers.

It was reported that Musk might be switching focus away from bringing crypto to what is many crypto users’ favorite app, which did cause a small dip in DOGE price.

Source: The Block

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Are we about to witness another LUNA-like crash?

$FTT is ~27% down in the last 24h.

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This is getting interesting (and sad).

In 2021, Alameda Research converted 3.36m FTT (1% of the total) to 100m BIT (1% of the total), but the two sides said that they will not sell within 3 years.

A couple of hours ago, Bybit's exchange token BitDAO BIT suddenly plummeted ~16%.

The BitDAO community issued a proposal asking Alameda to provide the on-chain address of the tokens that promised not to be sold for 3 years. If there is no response within 24 hours, the community will decide what to do with the 3362315 FTT (~$50M at $15.6 /$FTT).

Bybit CEO, Ben, said in the community that someone broke the promise and sold 100m BIT, and they may have been deceived.

If Alameda sold 100m BIT, they can only get 30 million US dollars. If this is a voluntary breach by Alameda, the next critical question, do they have liquidity problems?

https://discourse.bitdao.io/t/discussion-update-on-bip-4-swap-bit-for-ftt

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