ALPHA:
IBC is now enabled for Terra, meaning new pools for OSMO/LUNA and OSMO/UST have arrived on Osmosis DEX
New yield farming will go live on a EVM compatible chain, Aurora, built on top of NEAR protocol. NEAR is a very fast blockchain.
The fair launch of the $TRI governance token and liquidity mining incentives will start next week
(exact date and time tbd)
MARKET:
Bitcoin has surged in October and a lot of leverage was wiped out yesterday. The alts seem to be very strong and BTC has held the $58k range. Ranging here will be very bullish for the remainder of Q4.
This wallet bought roughly $8,000 of $SHIB last August.
It's now worth $5.7 billion.
From $8,000 to $5.7 billion in roughly 400 days.
We may actually be looking at the greatest individual trade of all time.
NEWS:
@stablekwon and @MarcGoldich are suing the SEC, the absolute madmen
Thread soon
ecf.nysd.uscourts.gov/doc1/127130029…
U.S. regulators exploring how banks could hold crypto assets - FDIC chairman
Absolutely huge.
The Korea Teacher's Credit Union, which manages $47 billion, is investing in Bitcoin, as per local reports.
The boom of institutional money into crypto.
Goldman Sachs report on DeFi just out, with shoutouts to @DefiLlama @0xngmi @scupytrooples @DuneAnalytics. Dropping their new term TradFi 2.0. Are they gonna make it?
Mastercard says any bank or merchant on its vast network can soon offer crypto services
NFTs:
Adobe Photoshop will get a ‘prepare as NFT’ option soon
RUGS:
Painful reminder that matic security sits on the bridge, and not eth l1
$850 million of funds (!) were at risk from double spend attack on bridge
Immunefi got $2mm bounty for finding this
REGULATORY:
POD O’ THE WEEK: