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⚡⚡⚡⚡⚡⚡ Key Cryptocurrency Events of the Past Week (30/10 - 04/11) 📈1. Record Flow of Money Pouring into the Market Last week witnessed record-breaking inflows of capital into the cryptocurrency market, reaching a total value of $326 million. The majority of these funds originated from Canada, Germany, and Switzerland. 📈2. Two Notable Hacking Incidents: Unibot Under Attack: On October 31st, Unibot, a Telegram tool for cryptocurrency trading, fell victim to a cyberattack. Onyx Protocol Loses $2.1 Million: The DeFi protocol, Onyx Protocol, suffered a loss of $2.1 million due to an exploit that took advantage of a rounding vulnerability. 📈3. Memeland On-chain Memeland, a newly launched memecoin project, managed to raise $10 million within minutes. The MEME token was listed on Binance on November 3rd, with priority given to users holding specific NFTs. 📈4. FTX Asset Liquidation Update FTX exchange, continued its asset liquidation process following the sale of over $59 million. Approximately 309,200 SOL and other assets were transferred to Binance and Coinbase Prime via the Ethereum network. These events mark significant developments in the cryptocurrency space over the past week. —————————————————

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Key Cryptocurrency Events of the Past Week (30/10 - 04/11)

📈1. Record Flow of Money Pouring into the Market

Last week witnessed record-breaking inflows of capital into the cryptocurrency market, reaching a total value of $326 million. The majority of these funds originated from Canada, Germany, and Switzerland.

📈2. Two Notable Hacking Incidents:

Unibot Under Attack: On October 31st, Unibot, a Telegram tool for cryptocurrency trading, fell victim to a cyberattack.

Onyx Protocol Loses $2.1 Million: The DeFi protocol, Onyx Protocol, suffered a loss of $2.1 million due to an exploit that took advantage of a rounding vulnerability.

📈3. Memeland On-chain

Memeland, a newly launched memecoin project, managed to raise $10 million within minutes. The MEME token was listed on Binance on November 3rd, with priority given to users holding specific NFTs.

📈4. FTX Asset Liquidation Update

FTX exchange, continued its asset liquidation process following the sale of over $59 million. Approximately 309,200 SOL and other assets were transferred to Binance and Coinbase Prime via the Ethereum network.

These events mark significant developments in the cryptocurrency space over the past week.

—————————————————

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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⚡⚡⚡⚡⚡⚡ Noteworthy news today (03/11/2023) 1⃣. Georgia's National Bank Partners with Ripple for Digital Lari (GEL) Georgia's National Bank (NBG) has selected Ripple Labs to implement and pilot their national digital currency, the Digital Lari (GEL), using Ripple's CBDC platform. The NBG aims to assess the potential benefits of digital currency for the government, businesses, and individuals. 2⃣. US Government Seizes $54 Million in Crypto from Drug Trafficker The US federal law enforcement agency announced the seizure of $54 million in cryptocurrency from Christopher Castelluzzo, a notorious drug trafficker in New Jersey. The value of the seized Ethereum (ETH) had appreciated significantly from its initial purchase price of $9,000. 3⃣. Coinbase Exceeds Expectations in Q3 2023 Coinbase, a cryptocurrency exchange, reported strong Q3 2023 financial results with over $5.5 billion in cash, equivalent holdings, USDC, and custody accounts. The company's total for the quarter reached $674.1 million, slightly surpassing analyst expectations but showing a 5% decrease from the previous quarter. 4⃣. ProShares launches the first "short" Ethereum ETF in the US ProShares introduces SETH, the world's first inverse exchange-traded fund (ETF) for Ethereum, designed to provide investors with profit opportunities when the price of Ethereum (ETH) declines. This ETF will be listed under the ticker symbol SETH on the New York Stock Exchange (NYSE) and offers performance inversely correlated to the CME Ethereum Futures Index.
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⚡️⚡️⚡️⚡️⚡️⚡️ Noteworthy news today (02/11/2023) 1️⃣. MicroStrategy buys another 5.3 million USD in Bitcoin, BTC investment portfolio is profitable 900 million USD On November 2, MicroStrategy's CEO, Michael Saylor, announced that the company had invested $5.3 million to acquire an additional 155 BTC during October 2023. This brings MicroStrategy's total Bitcoin holdings to 158,400 BTC, with an average purchase price of around $29,586 per BTC. 2️⃣. Fed Keeps Interest Rates Unchanged, Bitcoin and Solana Lead Crypto Market Surge Following the November meeting of the Federal Open Market Committee (FOMC), the U.S. Federal Reserve decided to maintain interest rates at the current level of 5.25-5.5%. Bitcoin (BTC) and Solana (SOL) were standout performers in the crypto market surge on the morning of November 2, following the Fed's interest rate announcement. 3️⃣. U.S. Accuses SafeMoon (SFM) Project of Fraud, Arrests Founders U.S. federal agencies, including the Federal Bureau of Investigation (FBI), the Securities and Exchange Commission (SEC), the Internal Revenue Service (IRS), and the U.S. Department of Justice's Eastern District of New York, have filed charges and arrested individuals behind the SafeMoon (SFM) cryptocurrency project, a well-known memecoin that gained prominence in 2021-2022. 4️⃣. PayPal's PYUSD stablecoin was asked for information by the SEC On the evening of November 2, 2023, major fintech company PayPal revealed that it had received a subpoena from the U.S. Securities and Exchange Commission (SEC) regarding its PayPal USD (PYUSD) stablecoin. This development marks a significant move by the company towards utilizing digital currencies for payments and transfers.
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