Meta’s Reality Labs loses $3.7 billion in third quarter. The division's revenue fell 26% to $210 million from $285 million a year earlier. https://www.cnbc.com/2023/10/25/metas-reality-labs-loses-3point7-billion-in-third-quarter.html
Clearpool launched on Optimism and received a 150K OP token grant which will be entirely distributed to lenders. https://x.com/ClearpoolFin/status/1717170948410122561
FTX and Alameda funds are on the move. - 2.2M USD LINK - 1M USD AAVE - 2M USD MKR - 3.4M USD ETH These funds moved to 0xde9 then 0xaee which is a Binance address. https://x.com/nansen_ai/status/1717114038470250974
The Securities and Exchange Commission charged BlackRock for failing to accurately describe investments in the entertainment industry that comprised a significant portion of a publicly traded fund it advised. To settle the charges, BlackRock agreed to pay a $2.5 million penalty. https://www.sec.gov/news/press-release/2023-226
Friend-to-crypto U.S. Rep. Tom Emmer declined to run for Speaker of the House of Representatives. https://www.coindesk.com/policy/2023/10/24/crypto-fan-tom-emmers-rise-and-fall-in-the-us-house-speaker-race-was-extremely-quick/
SBF trial moves to final stages- Prosecution scheduled to rest their case on Oct. 26 following the examination of almost 20 testimonies in the case https://cointelegraph.com/news/sam-bankman-fried-ftx-trial-moves-final-stages
A Bloomberg analyst said that even if Grayscale wins, the court will not demand the SEC to convert GBTC into an ETF. https://x.com/ericbalchunas/status/1714673646890049994
Since Scroll officially announced the launch of its mainnet, the network's TVL has increased 1091.43% to $5.61M. https://l2beat.com/scaling/projects/scroll
Mark Cuban, Elon Musk, Phillip Goldstein, Nelson Obus, Manoush Moshayedi filed a joint amicus brief against the SEC. In a joint amicus curiae brief, they argued that the SEC's current administrative procedures should be revised. The current procedures allow the use of staff judges to hear lawsuits filed by the SEC itself and prohibit defendants from having the right to a jury trial. https://x.com/eleanorterrett/status/1714768782424494430
Gensler says the SEC is still reviewing applications for spot BTC-ETFs and negotiating with the companies that submitted applications. https://m.investing.com/news/cryptocurrency-news/gensler-says-sec-is-still-weighing-bitcoin-etf-proposals--bloomberg-432SI-3202191
WazirX co-founder Nischal Shetty said that the Shardeum Whitepaper will be released on November 8th. Shardeum is a linearly scalable EVM-based smart contract platform that can continuously deliver low gas rates while maintaining decentralization and security through dynamic state sharding. https://x.com/nischalshetty/status/1714599080825950237
Uniswap Labs will impose a 0.15% fee starting October 17 on crypto swaps involving ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, XSGD. This commission will be used for the further development of products for the crypto industry. https://www.coindesk.com/business/2023/10/16/uniswap-labs-to-charge-015-fee-on-crypto-swaps-involving-eth-usdc-other-tokens/