Ethereum reclaims 42% outflows from Solana: DeFi Report
The DeFi Report founder, Michael Nadeau, explained that most of the value that left Ethereum flowed to layer-2s that would continue to drive value to the layer-1 blockchain.
Singapore bolsters fintech hub with Global Finance Technology Network
The GFTN is established as the second phase of Singapore’s fintech growth initiative, which focuses heavily on payments, asset tokenization, AI and quantum computing.
AI boosts Meta and Microsoft Q3 earnings, but outlook sours stock prices
Meta and Microsoft have reported better-than-expected earnings for the last quarter carried by their AI businesses, but muted outlooks saw their shares drop after hours.
Another one? Satoshi’s identity to be revealed Oct. 31, claims PR firm
A public relations firm claims Satoshi Nakamoto will reveal their “legal identity” at an upcoming press conference, but spelling gaffes, broken links, and AI-generated press releases have raised eyebrows.
MicroStrategy to raise $42B to buy Bitcoin in ‘21/21 plan’
Crypto commentators are “bullish” on MicroStrategy’s plan, predicting it will propel the company ahead of not just other public firms but countries too.
The crypto asset manager has now filed for a spot Solana ETF after getting the ball rolling for a spot for XRP ETF and Litecoin ETF earlier in October.
Reddit offloads most of its Bitcoin, Ether holdings
The bulk of Reddit’s cryptocurrency sales came from Bitcoin and Ether holdings, with the company reporting that gains from transactions were insignificant.
Ex-FTX exec sentenced to time served after guilty plea
Nishad Singh will receive no prison time after pleading guilty to six felony charges in February 2023, cooperating with prosecutors and FTX’s debtors after the exchange’s collapse.
Bitcoin’s shallow pullback shows buyers are not rushing to the exit and increases the likelihood of a rebound to new all-time highs. Will altcoins follow?
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