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FTX Token (FTT) and Solana’s SOL (SOL) endured a tough weekend of trading that saw altcoins take double-digit losses in the 15%–30% range, but the tide turned as news broke that Binance could be in the process of acquiring FTX.On Nov. 8, FTX CEO Sam Bankman-Fried first took to Twitter
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Weekly transactions on Arbitrum have soared over 555% since August. Crypto traders see huge potential for the ecosystem. Original Source
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Even as NFT sales volumes have plummeted this year, dropping 97% from the January peak, Reddit’s success shows the potential for these tokens, the note said. The company is likely to capitalize during the current slowdown, and has already started teasing its Halloween avatar collection, the note added. Original Source
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With a recent proposal by a member of the United States Federal Communications Commission (FCC) to ban TikTok, influencers are scrambling. If the FCC makes good on the ban, TikTok creators could lose their fanbases and revenue streams overnight.People are often skeptical about Web3, many of them influencers and digital
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The move came after a proposal floated by Compound’s governance community was passed this morning with over 99% of all voters in favor, with some 554,000 COMP staked to vote. Crypto data provider Gauntlet was the biggest voter with some 126,000 COMP staked as votes, followed by Compound founder Robert
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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.The last week’s headline was dominated by some of the biggest hacks in DeFi. This week is redemption time for many DeFi protocols that either
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The application process seems to be “going well,” so far, said Zach Dexter, the CEO of FTX US Derivatives, at a separate event on Friday – the Security Traders Association market structure conference. FTX had seen the existing market as “a difficult system to deal with for retail investors” to
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The apparent exploit of Mango Markets stemmed from the ability of an attacker to manipulate the value of their posted collateral. Original Source
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Bitcoin has also been outperforming a number of its peers recently, most notably ether, whose price peaked on Sept. 8 and has declined 19% since then. BTC has recently outperformed Cardano’s ADA, XRP and Polygon’s MATIC, implying that bitcoin remains the asset of choice for investors seeking digital asset exposure. Source
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United States Senators Marsha Blackburn and Cynthia Lummis have introduced proposed changes to a 2015 bill that would allow “voluntary information sharing of cyber threat indicators among cryptocurrency companies.”According to a draft bill on amending the Cybersecurity Information Sharing Act of 2015, Blackburn and Lummis suggested U.S. lawmakers allow companies
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