Bitcoin Bounce Above $62K Quickly Fades; Ether, XRP, ADA, LINK Lose as Torrid October Continues
Bitcoin’s price is currently retesting its “Bull Market Support Band” trend indicator, where prices often rebounded from pullbacks during uptrends.
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SEC Enforcement Director Gurbir Grewal Is Leaving the Agency
Gurbir Grewal, the U.S. Securities and Exchange Commission’s (SEC) director of enforcement, is stepping down and departing the agency, according to a Wednesday press release.
Fan Tokens Have Much Larger Market Than NFTs, Says Chiliz CEO as Blockchain Prepares New Memecoin ‘Pepper’
The Chiliz blockchain is aiming to become “the sports blockchain,” its CEO Alexandre Dreyfus told CoinDesk in an interview, while also calling out the disproportionate historical hype around NFTs in comparison to fan tokens.
The Protocol: Inside North Korea’s Campaign to Put Crypto Developers on Payroll
In this week’s issue of CoinDesk’s weekly blockchain tech newsletter, we’ve got names, details and anecdotes on crypto companies’ unwitting hires of North Korean developers. PLUS month-end rankings for bitcoin, ether and other digital assets in the CoinDesk 20 index during a strangely bullish September.
Indiana Man Pleads Guilty to Stealing $38M in Crypto Via ‘Cyber Intrusion’
An Indiana man has pleaded guilty to taking part in the “cyber intrusion” of a Sioux Falls, South Dakota-based financial services company, during which he and unnamed co-conspirators hacked into the company’s servers, stole customers’ personal information, and then stole nearly $38 million in cryptocurrency from 571 victims.
EigenLayer’s Token Launch Draws Scrutiny Over Supply Concerns
In some ways, the release of EigenLayer’s native EIGEN token this week was as expected; price rapidly rose moments after it was listed on exchanges, leading to a period of price discovery that culminated in a 22% slide from it’s momentary record high. But there appears to be a storm brewing behind the scenes, with several investors and community members calling foul on a lack of transparency over the token’s supply.
U.S. Election Betting: Kalshi Preps Presidential Prediction Markets After Re-Launching Congressional Contracts
The CFTC “has failed to demonstrate that it or the public will suffer irreparable injury absent a stay pending appeal,” an appeals court said, clearing the prediction market to resume listing the contracts.
Bitwise Makes XRP ETF Plans Official With SEC Filing
Bitwise submitted an S-1 form to the U.S. Securities and Exchange Commission, a requirement for companies seeking to issue a new security and be listed on a public stock exchange.
Christie’s to Offer Blockchain-Based Ownership Certificates for Photography Collection
Wednesday’s sale of “An Eye Towards the Real: Photographs from the Collection of Ambassador Trevor Traina,” in New York will see digital certificates issued for each of the 130 lots, which will be minted by Kresus on Base.
CoinDesk 20 Performance Update: Ripple’s XRP Drops 5.1% as Nearly All Assets Decline
ATOM was the lone gainer in the index, rising 0.7%.