DeFi - news, reviews, articles

With current US government spending, the national debt to GDP ratio will reach 200% by 2050 👀

The current value is 129% and this is already more than after WWII...

Breaking: Mike Novogratz Says SEC To Approve Spot Bitcoin ETF This Year https://coingape.com/mike-novogratz-sees-spot-bitcoin-etf-approval-by-sec-this-year/?utm_source=Telegram&utm_medium=Mike

Paper losses of American banks on bonds amount to $400 billion 👆

The S&P 500 continues to grow after Fed representatives announced plans to leave the rate unchanged (at the meeting on November 1).

Given the potential losses banks are facing, the regulator needs to either print dollars to provide liquidity, or stop raising rates and give them a chance to wait until the bonds mature.

Also adding positivity to the markets is the US inflation forecast for September of 3.6% (in August it was 3.7%), that is, analysts expect a cooling in price growth.

We will find out the exact inflation data on October 12, and the reporting season will begin the next day - with top banks JPMorgan, Wells Fargo and Citigroup 🧐

Sam Bankman-Fried’s Attorneys To Cross-Examine Gary Wang Regarding Alameda Loans https://coingape.com/sam-bankman-frieds-attorneys-to-cross-examine-gary-wang-regarding-alameda-loans/?utm_source=Telegram&utm_medium=Mike

The third quarter of 2023 (orange) turned out to be worse for Bitcoin and Ethereum compared to the second. The opposite situation is typical for tokens from the field of decentralized finance, which showed growth the day before.

But representatives of first- and second-level networks, along with tokens of decentralized exchanges, have been falling over the past two quarters, although the third was still more successful for them.

What Happened to John McAfee? Spanish Court Confirms Death By Suicide

https://coingape.com/what-happened-to-john-mcafee-spanish-court-confirms-death-by-suicide/?utm_source=mike&utm_medium=telegram

Bitcoin trading volumes on the Binance crypto exchange dropped by 48 percent in September. This is the second largest drop in the indicator since April. According to analysts, the reason for this was the abolition of zero commissions for the largest trading pairs with BTC.

The situation is unpleasant in any case.

Currently, USDT's market share on the Binance cryptocurrency exchange is 77 percent, meaning Tether's stablecoin remains the most popular stable-value instrument among traders.

This is a 15-month high after the trading platform abolished zero commissions for transactions in the BTC-TUSD pair.

Breaking: Amazon To Invest $4 billion In OpenAI Rival Anthropic

https://coingape.com/amazon-to-invest-4-billion-in-openai-rival-anthropic/?utm_source=mike&utm_medium=telegram

Billionaire Mark Cuban had $870,000 stolen from his MetaMask 😬

He said that he most likely downloaded a fake MetaMask application.

He transferred all remaining funds to the Coinbase exchange.

Be careful...

Breaking: NYDFS’ Proposed Framework For Crypto Listings And Delistings – WSJ

https://coingape.com/breaking-nydfs-proposed-framework-for-crypto-listings-and-delistings-wsj/?utm_source=mike&utm_medium=telegram

Exclusive Opportunity for Visionary Investors!

About TaskChain.co
TaskChain is at the forefront of the Web3 movement, developing a platform that not only rewards users but also promises to reshape how we perceive day-to-day tasks. By integrating GameFi elements, we're transforming mundane activities into exciting and beneficial journeys.

The TaskChain Ecosystem:
⁉️Quest2Earn: Embark on Quests (tasks) and get rewarded.
💼Work2Earn: Discover work-from-home opportunities.
💰Compete2Earn: Challenge, compete, and claim your rewards.

Why TaskChain is Your Next Big Move?
✅USDT flow: Our concept operates with real businesses who pay for Quests passing in stablecoins. That means - no investment locks and real financial traffic.
✅Early Advantage: Investors benefit from a special discount during the ICO.
✅Pioneering Vision: TaskChain has the potential to emerge as a leader in the Web3 earning universe, setting new standards and benchmarks.
✅Diverse Earning Opportunities: With features like Quest2Earn, Work2Earn, and Compete2Earn, users have multiple avenues to earn.
✅Transparent & Trustworthy: Unwavering commitment to operational and financial transparency, backed by a full security audit and KYC, ensures utmost trust.

Join the ICO here 👉https://www.taskchain.co/
Whitepaper 👉 https://taskchain-whitepaper.tiiny.site/
Discord and Telegram 👉 https://discord.gg/WtxKZ6f4mn / https://t.me/taskchain_community

Top 10 Leaders of the Week

Breaking: Coinbase To Suspend Trading Services In India By the Month-End

https://coingape.com/breaking-coinbase-to-suspend-trading-services-in-india-by-the-month-end/?utm_source=mike&utm_medium=telegram

Remember FTX's native token called FTT? Today, its rate lags behind the historical maximum by almost 99 percent, moreover, the scenarios for using the token, taking into account the collapse of the trading platform, raise questions.

Despite all this, FTT trading on centralized exchanges continues. Moreover, weekly token trading volumes are measured in hundreds of millions of dollars.

Breaking: IMF And FSB Releases G20 Summit Paper On Crypto Asset Regulation

https://coingape.com/imf-fsb-releases-g20-paper-crypto-asset-regulation/?utm_source=mike&utm_medium=telegram

Hacking a casino and betting the Stake platform for $40 million 🤯

It is reported that, most likely, the platform was hacked for about $40 million, part of the money was in the ETH network, the remaining $25.6 million was stolen from the BSC and Polygon networks.

So far, there are confirmations only for ~$16 million. The scammer transferred the stolen funds into ETH and distributed them to 4 addresses.

The Stake platform is specialized in betting, casino and other gambling games.

The creators have not yet commented, perhaps this is a mistake, we are waiting for details.

It turns out that the casino does not always win ...

Bitcoin's average annualized return over the past seven years has been 44 percent. At the same time, the result of traditional popular assets over the same time period is 5.7 percent.

Binance Delists ETH & BNB Spot Trading Pairs But There’s A Catch https://coingape.com/binance-delists-eth-bnb-spot-trading-pairs-but-theres-a-catch/?utm_source=Telegram&utm_medium=Mike

Binance exchange was able to successfully pass the crisis. Since the SEC's fine, the exchange has seen an inflow of $4.6 billion. At the same time, the top 1 exchange has stopped losing market share on the spot (BBG)

Binance Delists BTC, ETH, BNB Spot Trading Pairs But Here’s The Catch https://coingape.com/binance-delists-btc-eth-bnb-spot-trading-pairs-but-heres-the-catch/?utm_source=Telegram&utm_medium=Mike

Trading volumes with new Bitcoin ETFs in the U.S. have almost reached the $10 billion mark in three full days. The exact amount is 9.68 billion, most of which is accounted for by the Grayscale Bitcoin Trust ETF.

Elon Musk’s X Faces Legal Blow As Court Rejects Appeal To Access Trump’s DMs https://coingape.com/elon-musk-x-faces-legal-blow-as-court-rejects-appeal-to-access-trump-dm/?utm_source=Telegram&utm_medium=Mike

Shiba Inu Burn Rate Rockets 1600% As Community Burns 89 Mln SHIB https://coingape.com/shiba-inu-burn-rate-rockets-1600-as-community-burns-89-mln-shib/?utm_source=Telegram&utm_medium=Mike

BlackRock's iShares Bitcoin Trust ETF (IBIT) now consists of 11,439 bitcoins, which is equivalent to $487 million. Moreover, these coins are unlikely to return to the market in the near future.

Rather, the company will purchase additional BTC to work and develop its own product.

For comparison, about 900 new coins are issued per day in the Bitcoin network. Well, the BlackRock ETF has been available for trading for only two days so far.

The share of ethers in circulation held by long-term investors surpassed the 70 percent mark for the first time in December 2023. We are talking about coin holders who purchased them more than a year ago.

So there are enough patient ETH lovers today.

Billionaire Mark Cuban Offloads Polygon (MATIC) Holdings To Coinbase, Price Fell 5% https://coingape.com/billionaire-mark-cuban-offloads-polygon-matic-holdings-to-coinbase-price-fell-5/?utm_source=Telegram&utm_medium=Mike

The market capitalization of the industry's largest stablecoin, USDT, has surpassed $90 billion for the first time. This indicates serious demand for the token along with the desire of investors to transfer their fiat currencies into digital assets.

Well, Tether is a giant, you can’t argue with that.

BitMEX Announces Terra Classic (LUNC) Perpetual Contract Listing After USTC https://coingape.com/bitmex-announces-terra-classic-lunc-perpetual-contract-listing-after-ustc/?utm_source=Telegram&utm_medium=Mike

The Bitcoin Investors' Fear and Greed Index has once again exceeded the 70-point level. Today's result is 72 points out of 100, which indicates a relatively good situation for capital holders.

Pay attention to the graph of the index for three months. Its growth over the last thirty days is more than obvious.

This week saw the largest outflow of USDT stablecoin from the Binance crypto exchange in the last three months. The indicator exceeded the mark of 104 million dollars per day.

ECB Warns of Overvaluation Risks Amid AI Surge in Financial Markets https://coingape.com/ecb-warns-overvaluation-risks-amid-ai-surge-financial-markets/?utm_source=Telegram&utm_medium=Mike

Yesterday, the average transaction fee in the Bitcoin network amounted to the equivalent of $8.6. As you can see from the graph, now the level of commissions in BTC is in the zone of its maximum for six months.

Breaking: BlackRock Files For Spot Ethereum ETF, ETH Price To Rally? https://coingape.com/blackrock-files-for-spot-ethereum-etf-eth-price-to-rally/?utm_source=Telegram&utm_medium=Mike

Poloniex losses due to yesterday's hack exceeded $124 million 😱

Poloniex team froze some of the assets associated with the hacker's addresses. They called the damage caused non-critical and promised to compensate users for their losses.

Justin Sun offered the hacker a 5% reward for the return of stolen funds. If he doesn't return them within 7 days, law enforcement agencies will be involved.

Ripple Eyes Over $150 Mln Deduction In SEC Fine, Here’s Why https://coingape.com/ripple-eyes-over-150-mln-deduction-in-sec-fine-here-why/?utm_source=Telegram&utm_medium=Mike

Exciting news! We are introducing new project, Structure Finance, a groundbreaking trading platform!
This user-friendly platform caters to both beginners and experienced traders, offering powerful tools and real-time data for well-informed decision-making. 

Join Structure Finance Telegram community for daily discussions on the latest news in the crypto world, market analysis, and valuable tips for traders.
https://t.me/StructureOfficial
As subscribers to our channel, you'll be the first to receive updates and announcements about our products.

And Structure Finance has released new product – Double-No-Touch (DNT)!
DNT DeFi product pays you double in BUSD when the price of BTC stays within a specified range over a 5-minute period.
Try DNT on desktop/mobile: https://structure.finance/dnt/

Meanwhile, two-thirds of all bitcoins in circulation have not moved in at least a year. Moreover, judging by the graph, experienced investors did not drain their coins, including at the end of 2022, when the crypto industry suffered due to the collapse of FTX and the collapse of the market as a whole.

At night, Bitcoin rose above $35k, showing an increase of 18%. Now the price is looking for a sure pullback, and the bears are shedding bitter tears due to liquidations of $297 million 🥹

At first, the price was driven up by the news that the court had made a final decision on the need for the SEC to reconsider the application for a spot Bitcoin ETF from Grayscale. Please note that considering and accepting again are two different things 🧐

When this seemed not enough, the story began to spread about BlackRock receiving a ticker symbol for its ETF - IBTC, as well as rumors about the possibility of early fundraising for the fund. It was presented as if the ETF had already been approved and BlackRock was already purchasing BTC into it. In fact, this data does not mean anything like that and is just speculation, but was taken from an updated application for ETFs, which was corrected at the end of last week, but was carefully read only last night 😇

Intrigue of the week: will they now shave longs 😜

🔹 Top 3 in 24 hours:
Mina - $0.6181 (↑50.57%)
Pepe - $0.000000953 (↑26.32%)
Conflux - $0.1323 (↑19.39%)

Bitcoin (BTC) Hits New 2023-High at $35,000 Amid BlackRock’s Move https://coingape.com/bitcoin-btc-hits-new-2023-high-at-35000-amid-blackrocks-move/?utm_source=Telegram&utm_medium=Mike