What Occurred in Crypto At present? [Oct. 16]
From FTX staking its large SOL stash to the US goverment holding ~200k BTC, here’s a 2-minute breakdown of every thing necessary that occurred in crypto at this time.
– Co-author: Davier M
Crypto’s been duller than a butter knife this week, however CoinMarketCap’s bought the 4-1-1 on tales like MetaMask getting Apple-gated! (Gasps have been gasped!)
However as at all times, earlier than diving into the main points, here’s a TLDR of at this time’s tales:
Alright, let’s unpack all that!
The US authorities owns a whopping 200,000 BTC price $5 billion, all seized from dodgy darkish net actions. Speak about diamond arms – Uncle Sam will not half with all of its crypto. Perhaps shedding out on $5 billion in positive aspects after disposing of some BTCs gave the federal government a nightmare?
The FTX looters are at it once more, staking over $122 million price of Solana. Speak about gall – siphoning prospects’ funds then staking the spoils?
Glassnode information reveals Bitcoin whales are gobbling up extra BTC whereas Ethereum whales are offloading ETH. Guess they know which crypto life raft is extra seaworthy?
A report discovered Latin America favors centralized crypto exchanges over decentralized ones, in contrast to different areas. With billions in crypto quantity, comfort nonetheless outweighs ideology it appears.
That wraps up the important headlines from a comparatively quiet blockchain week. CoinMarketCap signing off for now – see you tomorrow for extra headlines.
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