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 | GLOBAL CRYPTO MARKET CAP | |  | 24H CRYPTO MARKET VOLUME | |  | BITCOIN'S DOMINANCE | | |
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All data as of: 11 Oct 2023 10 AM UTC |
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Hey crypto crew, Coinmarketcap here! After a prolonged crypto winter, the market is finally seeing some green shoots with Bitcoin's price inching upwards. Not sure if Uptober is finally in action! |
While the gains have been modest so far, any movement in the right direction offers a glimmer of hope. Though the market may be recovering, it's not all sunshine and rainbows in crypto. Here is a TLDR of today's top stories: |
- Superdao shuts down despite raising $11.5M
- Fidelity amended application renews optimism for Bitcoin ETF approval
- Reddit discontinues blockchain token rewards
- EU implements rules to share crypto user data for taxation
- Hackers steal $550K from Fantom Foundation's wallet
- Yuga Labs restructures in response to declining NFT sales
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Superdao is shutting down. Superdao is already calling it quits after raising $11.5 million within a year. Did they only focus on building Web 3.0 tools and not marketing them? But hey, at least they're returning the investments instead of yelling "rug pull!"
Are other DAO projects in trouble too? Find out the reason they gave for this early quit!
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Thursday, 19 Oct on 3PM UTC |
| Bitcoin ETF & Bear Market Saga |
Join us as we unravel the Bitcoin ETF prospects and the captivating FTX saga, exploring their potential influence on the ever-evolving crypto market. |
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Like an 80s horror villain, Bitcoin ETF hopes refuse to die! Bitcoin's price recently made its way up as analysts became vocal about the positive signs. It's all because Fidelity recently submitted its amended BTC ETF application. While the SEC continues to play the role of the buzzkilling slasher, this could signal behind-the-scenes talks. Or it could just be hopium fumes...
Check out which industry expert is the most hopeful!
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After handing out community points for three years, Reddit is now snatching them away! The platform is sunsetting its token rewards program by November. Apparently, the hassle of taxes and regulations made Reddit go "meh" on the whole thing. But that's not the only reason they gave!
Here are some details on how the news impacted the price of MOON and BRICK!
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The taxman cometh for crypto! The EU just introduced new rules forcing crypto firms to report user holdings. The regulations let tax authorities share info to stop "concealed assets." So much for anonymity when the EU can peek at your transactions!
Read the full story!
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| | Uniswap V4 Hooks, Instadapp's Fluid and more - DeFi keeps building despite bear market. |
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Hackers compromised the Fantom Foundation's wallet, making off with nearly $550K. While Fantom swears the network is A-OK, the foundation is probing the breach after researchers spotted funds flowing into shady accounts.
Get the full details of the heist here.
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Is the Bored Ape bubble bursting? The creators behind the project just went through a reorg, promoting their metaverse as the NFT sales sink. Lawsuits and legal spats aren't helping either. It seems Yuga Labs is battening down the hatches amidst a dry NFT market.
Here are some more details on the project's "restructured" priorities!
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That wraps up the key headlines today. Stay tuned for more crypto insights! |
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