🚨FTX exchange received court permission to liquidate its crypto assets

They have about $3 billion in SOL, FTT, BTC, ETH, DOGE, MATIC.

The market, as predicted, does not react to this news, since all assets will most likely be sold through OTS and will not be able to influence the market price.

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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

The largest number of bitcoins were withdrawn from the Binance cryptocurrency exchange over the past week: the figure exceeded 7.3 thousand coins. The platform also “leads” in the number of withdrawals per month.

However, the number of BTC users on this exchange is even now noticeably greater than on other platforms.

Over the past week, crypto investors have predominantly withdrawn their bitcoins from exchanges. Most BTC were sent from Bitfinex wallets.

At the same time, on a daily basis, there is a noticeable advantage of deposits.

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

As experts note, in just the last ten days, Vitalik Buterin sent 2,421 ETH to exchanges using two addresses. This volume is equivalent to $3.94 million, while the average Ether sale amounted to $1,628.

Looks like someone needed a lot of fiat.

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In September 2022, the Ethereum network switched to the Proof-of-Stake algorithm. As noted by Kaiko analysts, this important event ended with a 13% collapse in the ETH rate (blue) two days after the update.

At the same time, the April update of Shanghai/Shapella, which made it possible to remove ethers from staking, over the same period “led” (in orange) to an increase in ETH by almost 11 percent.

Once again we are convinced that the behavior of the cryptocurrency market does not always correspond to expectations.

A schedule of court hearings in the case of former FTX executive Sam Bankman-Fried has appeared online. They start next Wednesday October 4th and run until November 9th.

So we are waiting for interesting details about the situation inside Sam’s crypto empire over the coming weeks.

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

Today another difficulty change took place on the Bitcoin network. The indicator increased by 0.35 percent and set a new high at 57.32 T. So mining BTC has never been so difficult.

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 number of active addresses interacting with the USDT stablecoin has reached a three-month high. This mainly occurs through deposits to exchanges, which are clearly carried out for the further purchase of other cryptocurrencies.

Also, holders of wallets with between 100 thousand and 10 million USDT have replenished their own stable reserves by $141.8 million since September 15.

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

Despite the crypto market's wild swings due to fake news this week, the Bitcoin Investor Fear and Greed Index remains neutral. Today it is estimated at 50 points out of 100, so the activity of crypto lovers leaves much to be desired.

Here is a graph of the indicator for the month.

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

The fear and greed index reached 66 points 🐹

The index shows that people are starting to experience a little FOMO. Bitcoin $34,500, Ethereum $1,840, and some altcoins even showed a 100% increase in one day.

Many market participants were expecting a fall and the majority of people kept their deposits in stablecoins.

Are you into stablecoins or crypto?

The Trilemma of Scalability, Security, and Decentralization in Blockchain.

In the world of blockchain, we often hear about the intricate balance between scalability, security, and decentralization. This trifecta can sometimes feel like a tightrope walk, but as technology advances, so do our solutions.

💡 Vitalik Buterin's 'Endgame': Check out his thought-provoking article link where he boldly states that blockchains can't be both scalable and decentralized simultaneously – and that's okay!
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🔗 Parallel proceccing & EVM.With a nearly identical block structure to Ethereum, we leverage the actual EVM (Ethereum Virtual Machine) and parallel processing to achieve virtually unlimited.
🔒 Why Does Decentralization Matter? Some say, "Nobody cares about decentralization." But consider this: decentralization enhances security. A distributed system on 20,000 servers is inherently more reliable and resilient against manipulation than one on just 20 servers, each owned by a different entity.
🌐 Why Layer 1s Matter: It's more than just scalability and parallelization – these are the core features we emphasize. Think of it like the transition from single-core to multi-core processors in PCs. It's all about speed and parallelism, opening doors to a world of new possibilities and solutions!

Join Waterfall communities to stay informed and never miss out on updates!
Telegram: https://hottg.com/waterfall_network
Twitter: https://twitter.com/waterfall_dag

The supply of ETH continues to increase: over the past month, the number of ethers in circulation has increased by almost 33 thousand units.

As we noted earlier, this is due to low user activity on the blockchain, which results in low transaction fees and corresponding ETH burns.