Pepe Memecoin Burns $5.5M Tokens Prompting 31% Rise
The token burn comes after concerns were raised over the team’s multisig wallet in August.
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Financial
Nym Technologies Attracts $300M in Crypto Fund Commitments for Privacy Infrastructure
The Nym Innovation Fund, with commitments from investors such as Polychain, KR1, Huobi Incubator and Eden Block, supports projects looking to safeguard privacy in the crypto ecosystem.
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NASD Raises $3.3M Seed Round for Asset Issuer Chain Noble
Noble is an appchain built for native asset issuance in Cosmos and the boundless Inter-Blockchain Communication (IBC) ecosystem.
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The Sam Bankman-Fried Trial: One Expert Witness
Bankman-Fried’s defense team has revealed its sole proposed expert witness, who’ll try to point out flaws in the DOJ’s presentations.
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Binance Again Seeks to Nix ‘Incendiary’ CFTC Suit
U.S. law “does not control the world,” said a court filing by the world’s biggest crypto exchange as the regulatory heat intensifies.
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Bitcoin Leads Crypto Majors’ Gains; Analysts Bullish on SOL After 30% Weekly Jump
Total market capitalization rose 8% to reach levels not seen since mid-August.
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Binance Sees Another High-Profile Departure as Former Head of UK Moves on
Jonathan Farnell, who served as head of Binance U.K. and CEO of its payment service Bifinity – which was disbanded in August – left the firm in September.
Financial
Ethereum Fees Spike as Meme Coin Frenzy Returns; PEPE, BITCOIN, SPX Pop 40%
The rising gas fees suggest increased network usage.
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Friend.Tech User Dumps Keys Worth $1.5M, Switches to Bitcoin dApp
Newer opportunities have stalled Friend.Tech’s initial growth wave, and applications such as New Bitcoin City are quickly emerging as one of the biggest bets.
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Bitcoin Bears Lose $178M as Prices Break Past $34K
Traders on crypto exchanges Binance, Huobi and OKX were hit for $50 million each, suggesting a large amount of leverage used on those platforms.