Bitcoin Tumbles to $26.9K on Hawkish Remarks by Federal Reserve’s Powell
The pause in rate hikes had been overwhelmingly expected by market participants, who will now begin focusing on the U.S. central bank’s next policy meeting in November.Source
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The Protocol: Ethereum Struggles With Sprawl as Optimism Airdrops $27M
Last week marked the one-year anniversary of Ethereum’s historic “Merge” – the shift to a more energy-efficient proof-of-stake network. But in some ways the largest smart-contract blockchain has become a victim of its own success: Staking is so popular that the number of network validators is mushrooming toward 1 million, introducing new concerns related to […]
MakerDAO’s MKR Nears 16-Month High as Whales Accumulate, Crypto Hedge Fund Sets Bullish Price Target
Maker (MKR), the governance token of decentralized finance (DeFi) lender MakerDAO, is nearing its highest price since last May, buoyed by rising protocol profits and large investors accumulating the token.Source
A Bitcoin ETF Has Golden Parallels From History
Why all the excitement about spot bitcoin ETFs? Well, a gold ETF was a huge deal for markets, and people wonder if $BTC might be next.Source
Understanding the Economics of Ethereum Layer 2s
Explosive Ethereum growth is on the way, with layer 2s like Arbitrum, Optimism and now Base paving the way, Michael Nadeau of The DeFi Report writes.Source
BCB Group’s Chief Banking Officer Ian Moore to Leave This Month
His planned exit follows that of the deputy CEO Noah Sharp in June.Source
Sam Bankman-Fried’s Empire Was Crushed by This Infamous Balance Sheet. Here’s More of the Story
The infamous balance sheet of Sam Bankman-Fried’s trading firm, Alameda Research, served as the basis for a Nov. 2, 2022, story by CoinDesk’s Ian Allison. The article raised questions about how sturdy the company’s financial underpinnings were – and, by extension, how safe Bankman-Fried’s better-known crypto exchange FTX was. For the protection of our sources […]
Crypto Custodian Prime Trust Warns It May Lay Off 62 Employees, Nevada Records Show
The company filed for bankruptcy in August.Source
Ether Drops to 14-Month Low Against Bitcoin as Vitalik Buterin, Ethereum Whales Send $60M ETH to Exchanges
The recent decline in the ETH/BTC ratio continues a trend that began more than a year ago.Source