Solana wallets got hacked for $8m+

The Solana ecosystem appears to be the target of the most recent hack, as thousands of users have reported that $8m+ from well-known “hot” wallets like Phantom, Slope, and TrustWallet have been stolen without their knowledge.

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Binance creates Global Advisory Board

Binance announced the creation of its new Global Advisory Board. Its purpose will be to advise Binance on some of the most complex regulatory, political, and social issues the cryptocurrency industry faces amid the rapid growth and evolution of the ecosystem.

Societe Generale goes crypto

Societe Generale has provided additional services for its asset manager clients to meet the growing demand from investors for cryptocurrencies. The services will give asset managers the ability to provide crypto funds in a straightforward and appropriate way inside a framework that complies with European legislation.

MicroStrategy bought more Bitcoin

MicroStrategy bought an additional 301 bitcoins for $6.0 million at an average price of $19,851 per BTC. As of September 19, the company holds about 130,000 BTC acquired for $3.98 billion at an average price of $30,639 per Bitcoin. Their investment is down approximately 33%.

Wintermute hacked for $160 million

According to a tweet from the CEO of crypto market maker Wintermute, the company lost $160 million in a hack. Reportedly, the company got hacked in its DeFi operation. However, lending and OTC services provided by the company are unaffected.

Do Kwon is being chased by prosecutors

Do Kwon’s claim over the weekend that he is not on the run was disputed by South Korean prosecutors, who also requested Interpol to issue a red notice against the creator of Terra Luna. The prosecutors claim they have solid proof that Do Kwon is on the run and asked Seoul’s foreign ministry to withdraw his passport.

Ethereum slides lower after Merge

Although the cryptocurrency market went through a historic event called “Merge,” changing Ethereum’s mechanism from PoW to PoS, prices continue to collapse. Since the Merge, Ethereum is down by almost 20% in just a few days.

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European stock indices tumble

The sell-off on major European markets continues on Friday as investors fear the tightening wave of monetary policy would harm global growth. After dropping below 400 points on Thursday for the first time since January 2021, the STOXX 600 is down approximately 0.7%. DAX 40 is down 0.8%, setting a new two-month low.

PMI falls in several countries

Eurozone Purchasing Managers’ Index (PMI) fell to 48.9 in September of 2022 from 49.8 in August, and Germany Services PMI also dropped to 45.4 from 47.7. UK Services PMI also falls from 50.9 to 49.2, but France surprises with a rebound from 51.2 to 53.

Lumber is down 70% in 6 months

The housing sector is witnessing a dramatic slowdown and rising rates. As a result, lumber futures fell by 7% to $450, a level last seen in September 2021 and down nearly 70% from their March peak. In addition, August saw the seventh straight month of existing house sales declines, reaching their lowest level since May 2020.

EUR/USD below 0.98

The eurodollar fell under $0.98 for the first time in 20 years. This is just two days after Fed increased its interest rates by 75 bps and strengthened the dollar.

Binance creates Global Advisory Board

Binance announced the creation of its new Global Advisory Board. Its purpose will be to advise Binance on some of the most complex regulatory, political, and social issues the cryptocurrency industry faces amid the rapid growth and evolution of the ecosystem.

BoE raised rates by 50 bps

The Bank of England joined Federal Reserve and raised interest rates as expected by 50 bps to fight high inflation. This marks the 7th consecutive rate hike, pushing borrowing costs to the highest since 2008.

News

Russia will harvest 100 million tonnes of wheat

Russia's wheat harvest may reach a historic level of 100 million tonnes this year, but not all of it will be exported.
Exploring the Bitcoin bottom for the 47th time
BTC
-0.95%

Exploring the Bitcoin bottom for the 47th time

The Bitcoin bottom is one of the hottest topics of 2022 and many investors are getting sceptical about whether it will ever go up again.
EUR/GBP highest since February 21
0.09%

EUR/GBP highest since February 21

Both currencies are dropping like a stone against the USD, but it looks like the fall is more significant for the GBP, thus pushing EUR/GBP higher.
Is Tether in trouble with the authorities again?
USDT
-0%

Is Tether in trouble with the authorities again?

According to the new court order, the company is to provide documents on backing its USDT stablecoin.