SEC rejected Grayscale’s Bitcoin ETF – lawsuit incoming

The US Securities and Exchange Commission has rejected yet another Bitcoin spot ETF. The proposed move from Grayscale to switch Grayscale Bitcoin Trust (GBTC) to Bitcoin ETF was rejected due to failure to meet the required standard to prevent fraud and manipulation. Grayscale decided to take this decision to the court and sued SEC immediately.

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Former Terra employee arrested

After months of investigation, South Korean police have reportedly caught Yoo Mo. He is the first captured person involved in the Terra blockchain ecosystem collapse. Yoo Mo was the head of business and has done market making in his time.

NEAR Protocol x Google Cloud

NEAR Foundation just announced a brand new partnership between Google Cloud and NEAR Protocol. Google Cloud will provide technical support for NEAR grant recipients and developers as they build and scale their Web3 projects and decentralized applications (dApps).

Warner Music Group & OpenSea

The American record company, Warner Music Group, has partnered with the NFT marketplace OpenSea. In an effort to increase fan participation and foster community, artists signed to Warner Music Group will have their own drop sites on OpenSea. This could increase the adoption of NFTs despite their massive drop in popularity in 2022.

Crypto Punks NFTs traded 1m ETH

Crypto Punks, the most popular NFT project, just reached an important milestone. The total trading volume on OpenSea crossed 1 million Ethereum today, which is more than $1.3 billion at ETH’s price now. On average, a Crypto Punk NFT sells for approximately $100k, but someone bought Crypto Punk 2924 for $4.3 million today.

Interpol issued red notice on Do Kwon

Interpol issued a red notice on Do Kwon, the co-founder of Terraform Labs. Do Kwon insists that he is not hiding, but it is unclear where he is because Singaporean authorities claim he is not in the country.

Russia is about to legalize crypto

Russia took the first step toward legalizing crypto, and it benefits everyone. Kommersant reported that the country’s Deputy Finance Minister Alexei Moiseev and the Bank of Russia have settled on using cryptocurrency for cross-border payments. Locals are permitted to process international payments using crypto.

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Semtech stock dips 10%

Semtech shares dropped by 10% in a single day. Semtech Stocks are trading lower after the company announced a $250 million convertible senior notes offering. The stock is down 68% so far this year.

US initial jobless claims grow

The number of Americans submitting new applications for unemployment benefits increased by 29,000, reaching 219,000. The number increased from the five-month low. This was significantly higher than the forecast at 203,000, pointing to a possible easing of labor market conditions.

Former Terra employee arrested

After months of investigation, South Korean police have reportedly caught Yoo Mo. He is the first captured person involved in the Terra blockchain ecosystem collapse. Yoo Mo was the head of business and has done market making in his time.

Silver falls by 5% 📉

Silver rose rapidly from $18 to $21 in just a few days, and safe-haven bids propelled this growth. Now silver falls by more than 5% below the $20 mark.

Higher US jobs numbers

Private businesses in the US created 208K jobs in September 2022 compared to an upwardly revised 185K in August. This was followed after schools reopened and pandemic concerns receded. However, while job growth is stable, it remains below the recent three-month average.

NEAR Protocol x Google Cloud

NEAR Foundation just announced a brand new partnership between Google Cloud and NEAR Protocol. Google Cloud will provide technical support for NEAR grant recipients and developers as they build and scale their Web3 projects and decentralized applications (dApps).

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These 5 countries avoided high inflation (at least for now) ★ Premium This content is only available for registered users - sign up for free now

These 5 countries avoided high inflation (at least for now)

Inflation is the hottest topic in 2022, and almost everyone experiences price increases in products and services. However, some avoided this.
EUR/GBP stays above significant support
0.3%

EUR/GBP stays above significant support

So far, the 0.87 support has held, offering some nice momentum for the bulls.

Papa John’s faces mounting issues, shares fall

This article discusses the issues facing Papa John's Pizza, and whether investors should avoid the stock.

Poland surprisingly does not raise its interest rates

Neither the neighbouring Czech Republic nor Hungary are likely to raise rates. Is this the end of interest rate hikes?