π§― USDC Treasury burned 84.65 million USDC on the Ethereum network
π°π₯³ Foundation created "rescue fund" with a commitment of $126 million to support projects experiencing liquidity problems as a result of the fall in FTX.
The goal of the Ton Foundation is to encourage projects to move to Ton
The goal of the Ton Foundation is to encourage projects to move to Ton
CoinDesk
TON Steward Looks to Draw Projects to its Ecosystem With $126M Rescue Fund
The Ton Foundation's aim is to entice projects to migrate to TON, while helping to alleviate the knock-on effects of FTX's collapse.
πββοΈ Onnomy, Cosmos-based protocol, launched mainnet with token distribution scheduled for December 6th
π New FTX CEO John Ray will testify before the House Financial Services Committee on Dec. 13.
πββοΈ INX broker-dealer has applied for Voyager Digital assets via a letter of intent (LOI).
theblock.com
theblock.com
πββοΈ Secret Network developers have fixed a vulnerability related to the use of Intel equipment.
theblock.com
theblock.com
π΅οΈββοΈ Binance has appointed audit firm Mazars to review its reserves. The first verification update for BTC will be completed this week.
π° CommonGround has announced a $25 million funding round.
nftgators.com
nftgators.com
π The Komodo protocol launched AtomicDEX Web, a wallet, cross-chain bridge and decentralized exchange (DEX).
coindesk.com
coindesk.com
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π½πΏ Powell in 30 minutes.
π₯ Pump π Dump
π₯ Pump π Dump
π€ CryptoAttack π¬π§
π ApeCoin staking system will be launched on December 5th and staking rewards will start accumulating on December 12th. twitter.com
π HorizenLabs recently announced that the $APE staking pre-deposit will go live on December 5th and the market is reacting accordingly:
- Watch the network surge as the price continues to rise, indicating that the crowd is chasing the price to get the highest returns for bets.
- We are currently seeing an increase in active withdrawals as prices continue to rise.
- Whales continue to reduce volumes after the collapse of FTX, even with the advent of staking they are not interested. Retail continues to pile up until the launch date. Looks like distribution is going on.
- MVRV 30D APE shows that we are now in a danger zone where historically there was a decline in the price of APE shortly thereafter as a local high form.
- Watch the network surge as the price continues to rise, indicating that the crowd is chasing the price to get the highest returns for bets.
- We are currently seeing an increase in active withdrawals as prices continue to rise.
- Whales continue to reduce volumes after the collapse of FTX, even with the advent of staking they are not interested. Retail continues to pile up until the launch date. Looks like distribution is going on.
- MVRV 30D APE shows that we are now in a danger zone where historically there was a decline in the price of APE shortly thereafter as a local high form.
π€ CryptoAttack π¬π§
π½πΏ Powell in 30 minutes. π₯ Pump π Dump
YouTube
Federal Reserve Chair Jerome Powell: The economic outlook and the labor market
Federal Reserve Chair Jerome Powell will speak at the Hutchins Center on Fiscal and Monetary Policy on the outlook for the economy and the changing labor market. Following his remarks, Powell will be interviewed by David Wessel, director of the Hutchins Centerβ¦
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π½ It makes sense slow down rate increase
π€ CryptoAttack π¬π§
π½ It makes sense slow down rate increase
π½π£Highlights from the speech:
- Possible slowdown in rate hikes at the December meeting
- Rates end up maybe a little higher than expected in September
- Will likely need to hold restrictive dct for some time
- Inflation remains high
- Possible slowdown in rate hikes at the December meeting
- Rates end up maybe a little higher than expected in September
- Will likely need to hold restrictive dct for some time
- Inflation remains high