Author: Chris Smith
Bitcoin Hashrate Reaches a New Record High
Reading Time: < 1 minuteThe latest data from Glassnode reveals that the seven day moving average for Bitcoin’s hashrate has reached a record high of 703 exahashes per second (EH/s).
CME Bitcoin Futures Open Interest Reaches an All-time High
Reading Time: < 1 minuteSince Oct. 18, the Open Interest (OI) for Bitcoin futures on the Chicago Mercantile Exchange (CME) has reached a new record high of over $12.26 billion.
Pump.fun Announces Plans to Launch a Token
Reading Time: < 1 minuteThe team behind Pump.fun has revealed plans for a future token release and an upgraded trading terminal called “Pump Advance.”
Stripe Purchases Stablecoin Platform Bridge
Reading Time: < 1 minuteIn a new deal, Stripe has purchased stablecoin platform Bridge for $1.1 billion, making it their largest acquisition to date.
Market Update October 18
Reading Time: < 1 minuteThe cryptocurrency market has seen a week of mixed movements, with some major coins experiencing significant gains while others have remained relatively stable.
SEC to Appeal Previous Judgment in Ripple Lawsuit
Reading Time: < 1 minuteThe US Securities and Exchange Commission has taken the next steps in its ongoing legal battle with Ripple Labs, filing a “Civil Appeal Pre-Argument Statement” or Form C on Thursday.
DoJ: Bitfinex Hacker Should Spend Five Years in Prison
Reading Time: < 1 minuteIlya “Dutch” Lichtenstein, who admitted to his involvement in the 2016 Bitfinex hack, is facing a five-year prison sentence as recommended by prosecutors.
Hackers Steal $50M from Radiant Capital
Reading Time: < 1 minuteRadiant Capital, a platform enabling borrowing and lending of cryptocurrency across blockchains, suffered a major cyberattack on Wednesday, losing over $50 million.
Paxos Rolls Out a New Stablecoin Payment Platform
Reading Time: < 1 minutePaxos, the company behind the Pax Dollar stablecoin, is striving to advance the use of stablecoins in the payments industry by introducing a high-quality infrastructure.
Grayscale Files Application to Convert its Crypto Fund into an ETF
Reading Time: < 1 minuteGrayscale has submitted a request to the SEC to transform its Digital Large Cap Fund into an ETF.
Spot Bitcoin ETFs See Net Inflows of $555.86M
Reading Time: < 1 minuteOn October 14, net inflows for 12 Bitcoin exchange-traded funds (ETFs) reached $555.86 million, which was more than double the $253.54 million recorded on the previous trading day.
Tether May Lend to Commodities Trading Firms
Reading Time: < 1 minuteTether Holdings Ltd is planning to lend to commodities trading companies to utilize their billions of dollars in profits.
Ripple Co-founder Donates $1M to Kamala Harris’ Campaign
Reading Time: < 1 minuteRipple co-founder Chris Larsen has contributed $1 million in cryptocurrency to a political action committee that supports Vice President Kamala Harris.
Crypto Exchange Bitnomial Sues SEC
Reading Time: < 1 minuteBitnomial, a crypto exchange, has filed a lawsuit against the US Securities and Exchange Commission (SEC).
Market Update October 11
Reading Time: 2 minutesOver the past week, we have seen some interesting price movements, with Bitcoin and Ethereum taking the spotlight. Bitcoin, the world’s largest and most popular cryptocurrency, has had a rollercoaster week.
Ripple Files a Cross-Appeal in SEC Lawsuit
Reading Time: < 1 minuteRipple Labs has decided to appeal a recent ruling made by US District Judge Analisa Torres in their ongoing legal battle against the SEC.
SEC Files Lawsuit Against Cumberland DRW for Operating as Unregistered Crypto Dealer
Reading Time: < 1 minuteThe SEC filed a lawsuit against Cumberland DRW on October 10, citing the company for operating as an unregistered dealer.
WisdomTree Launches a Debit Card Linked to its Onchain Money Fund
Reading Time: < 1 minuteWisdomTree has announced that it will allow debit card holders to make direct purchases using its tokenized onchain money fund.
Crypto.com Sues SEC
Reading Time: < 1 minuteCurrency exchange Crypto.com has taken legal action against the US Securities and Exchange Commission (SEC), its Chair Gary Gensler, and its four commissioners.
Canary Capital Files Application for a Spot XRP ETF
Reading Time: < 1 minuteCanary Capital, a firm specializing in crypto investments, has submitted a proposal to establish an exchange-traded fund (ETF) for XRP.
Hong Kong Plans to Approve More Crypto Licenses This Year
Reading Time: < 1 minuteThe Securities Futures Commission of Hong Kong has announced its plan to issue more licenses to cryptocurrency exchanges and digital asset firms operating in the region by the end of the year.
Judge Approves FTX Bankruptcy Plan
Reading Time: < 1 minuteJon Dorsey, the US bankruptcy judge, has given his approval to the reorganization plan for FTX.
NYDIG: Bitcoin Remains Best Performing Asset This Year
Reading Time: < 1 minuteAccording to the New York Digital Investment Group, Bitcoin continues to be the top-performing asset of the year despite a relatively weak third quarter.
Coinbase Will Delist Unauthorized Stablecoins in EU to Comply with MiCA
Reading Time: < 1 minuteCoinbase has announced its plans to remove any unauthorized stablecoins from its platform in the European Union (EU) by December. This move is in compliance with the EU’s Markets in Crypto Assets (MiCA) rules.
Market Update October 4
Reading Time: < 1 minuteThe past week has been a rollercoaster ride for the cryptocurrency market as major coins such as Bitcoin and Ethereum experienced significant price movements.
Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
USDC 
Solana 
TRON 
Lido Staked Ether 
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