OCT 10 - OCT 17
Market Updates
- US CPI grew 0.4% m/m–double analyst expectations–to all but guarantee a 75bps Federal Funds Rate hike at the next FOMC in November
- Bitcoin Total Hash Rate hit a new ATH of 262M TH/s, up 9% w/w, 50% y/y
- Bitcoin Network Difficulty (a measure of how difficult it is to mine a new block) grew by 13.5% this week; its biggest upward adjustment since Elon’s Candle (May 2021)
- Bitcoin LTH (long-term hodlers) accumulated ₿500k (2.4% of supply) in Q3 ’22
Crypto News
FUNDING:
- Uniswap Labs Valued at $1.6B After $165M Funding Round– Blockworks
- MetaStreet Secures $10M for NFT Loans in the Metaverse - Blockworks
INDUSTRY:
- Google taps Coinbase to bring crypto payments to cloud services – CoinTelegraph
- Bitcoin Hash Difficulty Rate to Increase Next Week – The Block
LEGISLATIVE ENGAGEMENT:
- Bored-Ape Creator Yuga Labs Faces SEC Probe Over Unregistered Offerings - Bloomberg
- Grayscale-SEC Lawsuit Moves Forward as GBTC Discount Widens – Blockworks
- Coin Center Sues Over Treasury’s Tornado Cash Sanctions - BlockworksCrypto Moves
- What’s up? Polygon (MATIC)--10.6% w/w.
- BTC: A new local (3-week) high to kick off the month, up 2.7% w/w.
- ETH eeks out a modest 1.4% w/w gains. (We’ll take it, ty.)
- XRP ends the week up 6.5%.
New Feature: DCA on the Go!
- Learn more about our DCA on the Go addition to our mobile app here: https://www.reddit.com/r/NDAX/comments/y6qm8e/new_feature_recurring_purchases_on_mobile/
Cybersecurity Month
Spearphishing, social engineering, malware–oh my! Are you aware of which common phishing red flags to look out for?
Here is a resources on how to stay vigilant of phishing attempts:
Save your funds by avoiding these creative scams
Upcoming Events
- October 14-18 Canadian Blockchain Consortium
- October 14th – Atlanta Bitcoin Conf. 2022
- Nov 2nd – Next FOMC
- November 4th – US Non-Farm Payrolls
- November 10th – Consumer Price Index
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