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 | GLOBAL CRYPTO MARKET CAP | |  | 24H CRYPTO MARKET VOLUME | |  | BITCOIN'S DOMINANCE | | |
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All data as of: 13 Oct 2023 10 AM UTC |
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We have a pulse! The crypto community's excitement flatlined this week until a bullish fake tweet applied some voltage, liquidating $100 million shorts. Talk about an emergency adrenaline shot! So, CoinMarketCap is here to catch you up on today's top crypto stories! |
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As always, a quick TLDR rundown of the key news stories: |
Now let's dive deeper into each of these crypto stories! |
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In totally predictable news, a popular crypto media platform prematurely popped the champagne over a fake BlackRock ETF approval news, crushing shorts within a few minutes. Cue a fleeting surge to $29K as markets momentarily rejoiced over the fake green light. Just more unfounded hype fooling us all. Meanwhile, the SEC continues edging us along on the real ETF decision, getting hopes up only to mercilessly leave us high and dry.
When will this approval blue balling end? Read the full story here!
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Solana has teamed up with Dubai's crypto center to provide Web3 support and grants. What benefits will both parties offer each other? Read the full story here! |
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| Not all Bitcoin ETFs are created equal. We break down the differences between spot and futures Bitcoin ETFs including how they track BTC price, fees, risks and more. |
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The FTX looters are at it again, staking over $122 million worth of Solana. Talk about gall - siphoning customers' funds then staking the spoils?
We all hope crypto survives their dump. Find out how many tokens they are legally allowed to dump in the market!
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Binance just torched $450 million worth of its BNB tokens, pushing prices up by reducing supply. Nothing like a good old-fashioned ritual coin burning to conjure up crypto value. Find out how close Binance is to its "burn 100M BNB" target! |
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CoinMarketCap's Glossary: Fakeout |
A fakeout is a sudden and temporary move in a market that tricks traders into thinking that a trend is emerging when, in fact, it is not. |
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South Korean exchange Upbit got an initial green light for a Major Payment Institution license from Singapore. While full approval is still pending, is it a step towards mainstream adoption or just more pointless red tape? Read the full story here! |
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The newsletter seems incomplete without SBF… Well, in a recent development, SBF's lawyers say their client needs more Adderall to concentrate on his criminal trial. We're sure doubling down on stimulants will really sharpen SBF's moral compass during this whole fraud case.
Read the full story here!
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And that's the tea for today! Tune in tomorrow for more piping-hot stories. |
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