Coinlive Weekly Magazine (October two – October eight): Sam Bankman-Fried trial opens

The to start with week of October 2023 noticed Bitcoin recover somewhat over the $28,000 mark, creating the cryptocurrency neighborhood optimistic about the outlook for the fourth quarter, when this is generally a time period of market place development.

Furthermore, the interest of a lot of has also centered on the trial of former FTX CEO Sam Bankman-Fried, with a lot of critical witnesses creating statements towards this figure.

Let’s overview all the crypto movements of the week with Coinlive to make absolutely sure you never miss any critical information! 😉

Volatility in big cryptocurrencies in contrast to seven days in the past. Screenshot by Coin360 as of 08:thirty on October eight, 2023

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Bitcoin Having passed the threshold of 28,000 USD, the crypto market turns green to welcome “Uptober”

– Series Ethereum futures ETF had a weak first day of trading

– What is the truth? Satoshi back on X (Twitter)

– The court rejected the SEC’s appeal Cause of Ripple

Big Beanie 🌈

Come on establish an ecosystem development fund worth $51 million

StarkWare Extend the deadline to unlock STRK tokens for the first time to April 2024

Polygon test the POL token on the Goerli testnet

Galx frontal attack

DeFi and Layer 2 🦄

THORChain has become a new money laundering method for many cryptocurrency hackers: THORSwap needs to block swaps to pull it off

Orbit Finances denies the “knockout” allegations.

– Crypto Projects Lost $685.5 Million in Q3 2023 Due to Hack Attacks

Project discontinued: Utopia, surrender protocol

NFT, GameFi and Metaverse 🖼🎮🌐

– NFT Volume Plump penguins increased by 240% thanks to the collaboration with Walmart

friend.tech has a rival on Avalanche, called Stars Arena: detects errors quickly

Great organizations 💰

Skip trading Loss of over $200 million due to FTX collapse

Coinbase and Ripple licensed for payment in Singapore

— Flooring CoinW Suspected to have been hacked, the damage amounted to 13 million dollars

Greyscale filed an application to convert the ETHE fund into Ethereum spot ETF with the SEC

Organizations reducing staff: Chain Analysis, Log, Yuga Labs

Legal and Reception ⚖️

Sam Bankman Fried plans to pay $5 billion for Trump to withdraw from running for president of the United States

Chairman of the CFTC maintains its stance on cleansing DeFi with new laws

Brazil Start identifying people based on blockchain

– Binance supported Thailand $270 million recovered from crypto scams

Hong Kong There is a new Web3 investment fund worth $100 million

El Salvador launched a Bitcoin mining camp using geothermal energy

Coinlive compiled

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