The daily total value moved on-chain for Solana is down 96% in the wake of the FTX collapse. Solana averaged $32.9B per day of total value moved from the beginning of October until the FTX collapse. Since then, Solana has averaged $1.4B per day.
Most of the value moved consists of transactions involving SOL, USDC, USDT, ETH, and SRM. While SOL and SRM are down 57% and 69% respectively since Oct. 1, they only account for a portion of the daily value moved on Solana.
Notably, the largest daily amount of SRM value moved since the beginning of October occurred on Nov. 13, only two days after the FTX collapse. On this day, $2.4B worth of SRM was moved, accounting for 73% of the daily on-chain value moved on Solana.
The number of daily active wallets on Solana is down 29% as well. Solana averaged 565K daily active wallets from the beginning of October until the FTX collapse. Since then, Solana has averaged 398K.
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Most of the value moved consists of transactions involving SOL, USDC, USDT, ETH, and SRM. While SOL and SRM are down 57% and 69% respectively since Oct. 1, they only account for a portion of the daily value moved on Solana.
Notably, the largest daily amount of SRM value moved since the beginning of October occurred on Nov. 13, only two days after the FTX collapse. On this day, $2.4B worth of SRM was moved, accounting for 73% of the daily on-chain value moved on Solana.
The number of daily active wallets on Solana is down 29% as well. Solana averaged 565K daily active wallets from the beginning of October until the FTX collapse. Since then, Solana has averaged 398K.
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Crypto taxes could bring in $2.5 billion for the EU, leaked draft suggests.
A leaked draft of the European Commission’s new taxation directive, set to be published later this week, seeks to close the “regulatory gap” for crypto users.
The directive will target crypto asset service providers as the easiest solution to access the information needed for individual taxation.
https://www.theblock.co/post/192150/eu-crypto-taxation-leaked-proposal
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A leaked draft of the European Commission’s new taxation directive, set to be published later this week, seeks to close the “regulatory gap” for crypto users.
The directive will target crypto asset service providers as the easiest solution to access the information needed for individual taxation.
https://www.theblock.co/post/192150/eu-crypto-taxation-leaked-proposal
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The Block
Crypto taxes could bring in $2.5 billion for the EU, leaked draft suggests
Crypto traders beware: a leaked draft of the European Commission's new taxation directive seeks to close the "regulatory gap" over taxation.
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Liquidity has dried up post FTX for all tokens, for Solana especially
Will Solana be the first chain where DEX volume flip CEX volume?
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Will Solana be the first chain where DEX volume flip CEX volume?
📍 Follow @Coins for the hottest news in crypto.
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Nigeria forces CBDCs by limiting ATM cash withdrawals over $225 a week.
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📍 Follow @Coins for the hottest news in crypto.
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Bank of Russia wants to ban miners from selling crypto to Russians.
The Russian central bank supports the idea of legalizing the crypto mining business, but only if miners sell their coins to non-residents of Russia.
https://www.interfax.ru/russia/875737
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The Russian central bank supports the idea of legalizing the crypto mining business, but only if miners sell their coins to non-residents of Russia.
https://www.interfax.ru/russia/875737
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Bitcoin miners haven’t exactly been thriving this year – with some deciding it’s no longer worth the time.
Bitcoin mining difficulty has fallen by 7.5% in the single biggest drop since it plummeted by almost 28% when crypto mining was banned in China in July 2021. The lowered difficulty and resulting cheaper operating costs might provide miners with some welcome breathing room.
It’s not a great sign though, as it means that BTC miners are starting to unplug their machines. A combination of rising energy prices and a diminished BTC price has caused mining profitability to slide and debts to begin to accumulate.
There’s also been an influx of mining machines hitting the market, with the average price of an ASIC mining machine dropping by 80% YoY. With Ethereum having switched to proof-of-stake this year, crypto miners seem to be running out of good options.
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Bitcoin mining difficulty has fallen by 7.5% in the single biggest drop since it plummeted by almost 28% when crypto mining was banned in China in July 2021. The lowered difficulty and resulting cheaper operating costs might provide miners with some welcome breathing room.
It’s not a great sign though, as it means that BTC miners are starting to unplug their machines. A combination of rising energy prices and a diminished BTC price has caused mining profitability to slide and debts to begin to accumulate.
There’s also been an influx of mining machines hitting the market, with the average price of an ASIC mining machine dropping by 80% YoY. With Ethereum having switched to proof-of-stake this year, crypto miners seem to be running out of good options.
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Forwarded from CCC.io
🏃🏻♀️ Befaster.fit motivates you to be the best version of yourself and brings more people to crypto!
No overdoing - the features are unique. It´s not only an idea – it is already downloadable.
💥 Get rewarded in $PAID and even $BFHT. the more active you are, the more $PAID you get. climb high rankings and get a part of the app revenue in $BFHT.
💥 Run against others in your fitness level. Bet on your self-victory, win your opponents stake. Bet in $PAID, local currencies and main cryptos.
💥 get motivated by daily / weekly / lifetime quests. improve your well-being and get rewarded
💥 Defi Multi currency protocol shares 50% of app revenue with $BFHT stakers in your favorite crypto currency. E.g. Stake $BFHT get your pay out in $BNB
💥 Referral system: tell your friends about the app and get additionally rewarded in $BFHT on a monthly basis
💥 Cash out your crypto to your local currency to a credit card
💥 join Beta and support the team with your testing results. Start already earning $PAID 😉
$BFHT in its essence 👇🏼
No overdoing - the features are unique. It´s not only an idea – it is already downloadable.
💥 Get rewarded in $PAID and even $BFHT. the more active you are, the more $PAID you get. climb high rankings and get a part of the app revenue in $BFHT.
💥 Run against others in your fitness level. Bet on your self-victory, win your opponents stake. Bet in $PAID, local currencies and main cryptos.
💥 get motivated by daily / weekly / lifetime quests. improve your well-being and get rewarded
💥 Defi Multi currency protocol shares 50% of app revenue with $BFHT stakers in your favorite crypto currency. E.g. Stake $BFHT get your pay out in $BNB
💥 Referral system: tell your friends about the app and get additionally rewarded in $BFHT on a monthly basis
💥 Cash out your crypto to your local currency to a credit card
💥 join Beta and support the team with your testing results. Start already earning $PAID 😉
$BFHT in its essence 👇🏼
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Elon Musk is no longer the world’s richest man: Forbes
You care?
👍 Yes
👎 Nah
📍 Follow @Coins for the hottest news in crypto.
You care?
👍 Yes
👎 Nah
📍 Follow @Coins for the hottest news in crypto.
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🚨 Two Major Events next week :
🇺🇸 US CPI: 13th Dec 2022
🇺🇸 FOMC Meeting: 14th Dec 2022
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🇺🇸 US CPI: 13th Dec 2022
🇺🇸 FOMC Meeting: 14th Dec 2022
📍 Follow @Coins for the hottest news in crypto.
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U.S house committee on Finance Services: Lies are circulating @CNBC that I am not willing to subpoena @SBF_FTX. He has been requested to testify at the December 13th hearing. A subpoena is definitely on the table. Stay tuned.
https://twitter.com/RepMaxineWaters/status/1600643111973261312
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https://twitter.com/RepMaxineWaters/status/1600643111973261312
📍 Follow @Coins for the hottest news in crypto.
Music megastar Taylor Swift was reportedly in talks for a $100 million deal with FTX, according to the Financial Times.
The deal fell apart during the spring. One wonders if the crypto market meltdown put a damper on things.
The exact nature of the deal isn’t clear, based on FT’s sourcing. It could have resulted in an endorsement of FTX, but others told the newspaper that it would have involved a tour sponsorship.
https://www.cryptopolitan.com/taylor-swift-100m-deal-with-ftx
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The deal fell apart during the spring. One wonders if the crypto market meltdown put a damper on things.
The exact nature of the deal isn’t clear, based on FT’s sourcing. It could have resulted in an endorsement of FTX, but others told the newspaper that it would have involved a tour sponsorship.
https://www.cryptopolitan.com/taylor-swift-100m-deal-with-ftx
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Cryptopolitan
Taylor Swift's $100M partnership with troubled FTX ended prematurely: Reports | Cryptopolitan
According to reports, if negotiations for a $100 million contract had not been cut short, pop sensation Taylor Swift may have become one of the faces of the
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Coinbase and Coinbase Pro will list Magic (MAGIC), Aragon (ANT) and Rocket Pool (RPL).
Trading will begin on or after 17:00 UTC on 8 December 2022, if liquidity conditions are met.
📍 Follow @Coins for the hottest news in crypto.
Trading will begin on or after 17:00 UTC on 8 December 2022, if liquidity conditions are met.
📍 Follow @Coins for the hottest news in crypto.
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Binance releases an audit report by Mazars that says customer BTC holdings are overcollateralized.
https://veritas.mazars.com/binance
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https://veritas.mazars.com/binance
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Binance Labs has announced that it is leading a private round II for GoPlus Security, a Web3 security infrastructure provider.
GoPlus Security is working as the “security infrastructure” for Web3 by providing open, permissionless, user-driven security services. GoPlus Security covers most of the major blockchain networks with multidimensional risk detection to build a safer Web3 environment.
https://www.binance.com/en/blog/ecosystem/binance-labs-leads-private-round-ii-for-goplus-security-to-build-open-permissionless-userdriven-security-services-2729295307357186183
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GoPlus Security is working as the “security infrastructure” for Web3 by providing open, permissionless, user-driven security services. GoPlus Security covers most of the major blockchain networks with multidimensional risk detection to build a safer Web3 environment.
https://www.binance.com/en/blog/ecosystem/binance-labs-leads-private-round-ii-for-goplus-security-to-build-open-permissionless-userdriven-security-services-2729295307357186183
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Binance Blog
Binance Labs Leads Private Round II for GoPlus Security to Build Open, Permissionless, User-Driven Security Services | Binance…
Binance Labs, the venture capital, innovation and incubation arm of Binance, is pleased to announce that it is leading a private round II for GoPlus Security.
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US Senator Lummis: Seems ‘Bitcoin Is the Only Thing That Would Qualify as a Commodity’
Watch: https://youtu.be/54ZzraywtgY
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Watch: https://youtu.be/54ZzraywtgY
📍 Follow @Coins for the hottest news in crypto.
YouTube
Sen. Lummis on Future of Crypto Legislation After FTX Implosion
Could FTX's collapse lead to better crypto regulation? Sen. Cynthia Lummis (R-Wyo.) discusses the outlook for the U.S. crypto regulatory landscape and the Responsible Financial Innovation Act, a bipartisan, comprehensive crypto responsibility bill she's introduced…
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NFTs minted on FTX break, highlighting Web2 hosting flaws.
https://twitter.com/jacobdotsol/status/1600530082417627143
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https://twitter.com/jacobdotsol/status/1600530082417627143
📍 Follow @Coins for the hottest news in crypto.
Twitter
There is a lesson to be learned here yet collections are still hosting metadata on AWS.
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A giant whale with 680M $CHZ($102.6M) is selling $CHZ!
The whale is the 4th holder of $CHZ.
He transferred 20M $CHZ($3M) to address "0x4da2" 4 hours ago, then transferred to 9 addresses.
https://etherscan.io/address/0x81638cb4587451ef02e5103b4c16ba4590922b49
Source: LookOnChain
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The whale is the 4th holder of $CHZ.
He transferred 20M $CHZ($3M) to address "0x4da2" 4 hours ago, then transferred to 9 addresses.
https://etherscan.io/address/0x81638cb4587451ef02e5103b4c16ba4590922b49
Source: LookOnChain
📍 Follow @Coins for the hottest news in crypto.
Ethereum (ETH) Blockchain Explorer
Address 0x81638cb4587451ef02e5103b4c16ba4590922b49 | Etherscan
The Address 0x81638cb4587451ef02e5103b4c16ba4590922b49 page allows users to view transactions, balances, token holdings and transfers of ERC-20, ERC-721 and ERC-1155 (NFT) tokens, and analytics.
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Twitter rolls out Business Verification Status, 'Yellow Ticks'.
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📍 Follow @Coins for the hottest news in crypto.
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