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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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What's up crypto fam, CoinMarketCap here! Uptober seems to be in full swing with FTX trying to make good on funds. While the damage is done, the pledge suggests this month could bring at least some positives. |
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With that being said, here is a TLDR of today's news stories! |
- FTX engineer felt betrayed and suicidal after the financial collapse revelation from SBF
- FTX claims it could refund over 90% of user funds if its plan gets approved
- Lido shutting down Solana staking services due to unsustainably low fees amid market slump
- Uniswap implementing 0.15% swap fees on certain tokens, upending the trademark fee-less model
- Crypto custodian BitGo acquires wealth management software firm HeightZero to target RIAs
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Now let's unpack all that! |
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In court, FTX's head engineer Nishad Singh talked about feeling "betrayed" after SBF revealed the exchange's dire finances before imploding. Singh even admitted being "suicidal" over the mess. Many employees were left shell-shocked after dedicating their talents to what they believed was an ethical vision.
Here are some details of his testimony!
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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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FTX victims finally had some relief! FTX says it may refund over 90% of user funds after its billion-dollar blunder. Guess siphoning client money and then returning most of it makes everything A-OK? Of course, damage control is in high gear ahead of the court decision.
Read the full story here!
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Lido is pulling the plug on Solana staking due to unsustainably low fees after a DAO vote approved the sunset. Guess the Solana slump is hitting protocols hard. While seemingly a prudent financial move, it's a bitter pill for SOL fans to see formerly aligned projects heading for the exits.
Some may argue it's disloyal to abandon ship when times get tough. Read the full story here!
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| Gain deep insights into the cryptocurrency market by leveraging CMC's market data and invaluable insights curated by our Research and Listings team. |
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DeFi darling Uniswap is implementing swap fees for the first time ever. Talk about the end of an era. This upends Uniswap's defining fee-less ethos maintained since launch. The change seems like a necessary step toward sustainability, but it may undermine Uniswap's trademark model in the name of short-term profits.
Click here to find out which tokens will be affected by this new policy!
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CoinMarketCap's Glossary: Game Theory |
Game theory is a way of creating a simplified interactive environment (a 'game') that allows researchers to model how people and entities will respond to certain actions. |
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Crypto custodian BitGo snatched up wealth management software provider HeightZero, betting big on swelling RIA demand. Read the full story here! |
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And that's a wrap for today! Check back tomorrow as CoinMarketCap keeps you plugged into the latest crypto events. |
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