Bitcoin
The film’s conclusion was met with much skepticism from the crypto community, including denials from Todd himself.
Business
The acquisitions come at a time when the decentralized exchange is positioning itself as a staple on Coinbase L2 Base, and yet its growth is raising questions about the sustainability of token-based incentives.
DeFi
The Ethereum-based Layer-2 protocol announced that it’s allocating 5.5% of its token supply to the Binance launchpool.
Regulation
If the Federal Reserve and FDIC are imposing an undisclosed rule, they may be in breach of the Administrative Procedure Act.
Bitcoin reserves on exchanges have dropped to a six-year low, suggesting that investors are leaning towards holding coins over actively trading.
FTX creditors will soon start to receive as much as $16.5 billion in distributions now that the bankrupt crypto exchange’s reorganization plan has been approved. But that doesn’t mean all this money will immediately flow back into the crypto markets.
Bitcoin has recovered its losses for the month, while memecoins are posting strong gains. However, some caution against overly optimistic expectations for October.
Ethereum
A new Ethereum Improvement Proposal calls for lowering the network’s slot time, increasing blobs per block and scaling layer 1 performance.
A malicious actor compromised an email thread between an investor and EigenLayer’s custodial service, resulting in over 1.6 million EIGEN tokens being erroneously transferred to the attacker’s address.
Tech
While total value secured has been the primary metric to track oracle adoption, a Blockworks Research report funded by oracle provider Pyth suggests total transacted value as a better metric, which would place Pyth above its rival Chainlink.