Top Crypto
News This Week:
FTX Repayments,
HBO s Satoshi Nakamoto
Documentary, and
More
The crypto markets are gearing up for a news-packed week, with several key
events on the horizon.
Meanwhile, Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) flipped green after climbing above $63,000, signaling
that Uptober might be in play again.
FTX Court Hearing
The deadline for the court hearing related to FTX creditor repayments is on
October 7, amid chatter that the exchange will begin distributing $16 billion
to its creditors sometime this month. BeInCrypto reported on the controversy,
with creditors angry about the abysmal compensation coming their way.
FTX creditor activist Sunil Kavuri explained expectations in a recent post on
X. He said that if the court approves the repayment plan, claimants expecting
amounts below $50,000 could start receiving payments by late 2024. However,
those owed larger sums may have to wait until mid-2025.
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Read more: FTX Collapse Explained: How Sam Bankman-Fried’s Empire Fell
However, FTX token FTT recorded significant volatility amidst buzz about the
upcoming hearing. Token deposits increased as traders positioned for potential
exits amid volatility ahead of a crucial hearing.
OKX Delists These Five Tokens
OKX exchange also makes it to the top crypto news this week, with five tokens
up for delisting, according to a late September announcement . On October 8,
the exchange will delist spot trading for REN, TAKI, LEASH, ORB, and KINE
tokens.
“We advise users to cancel orders on these trading pairs (REN/USDT, REN/USDC,
TAKI/USDT, LEASH/USDT, ORB/USDT, and KINE/USDT) before the delisting.
Otherwise, the system will automatically cancel these orders. The cancellation
may take 1-3 working days,” the exchange said.
Token delisting typically causes a drop in trading volume and liquidity,
making it harder for holders to sell at fair prices. It often leads to sharp
price declines as investors panic sell or lose confidence in the token.
Consequently, holders may face significant losses in the value of their
assets.
EIGEN and APT Token Unlock s
EIGEN token holders should brace for volatility ahead of a $35.75 million
worth of unlocks on Tuesday . An official announcement from the Eigen
Foundation said this unlock event would bring new opportunities for
participation across the EigenLayer ecosystem. Notably, this will mark the
network’s first cliff unlock event.
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On Friday, October 11, the Aptos ecosystem is set to unlock 11.31 million APT
tokens, valued at $97 million based on current prices. These tokens will be
distributed among the foundation, community, core contributors, and investors.
Tokens allocated to the community and investors may enter the market quickly
as holders cash in for short-term profits. This influx could potentially
impact APT s price, creating downward pressure. APT Unlock. Source:
Source: token.unlocks
HBO’s Big Satoshi Nakamoto Reveal
Satoshi Nakamoto’s identity may become public information this week, with
American television network HBO due to premiere its much-awaited documentary
on Tuesday . Opinion polls on Polymarket suggest Len Sassaman may be the
creator of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin.
Sassaman, now late, was an American technologist, cryptographer, and privacy
advocate, a befitting profile for the pseudonymous Satoshi Nakamoto . He is
said to be the biggest crypto billionaire ever, holding 1.1 million BTC tokens
worth almost $67.5 billion at current rates.
“Len Sassaman’s wife had direct communication with the “creator” of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
After he died she was “thinking about” fundamentally altering Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin She
still has access to his “old hard drives” which means she has access to 1
million Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin (5% of all Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin, worth nearly$65 billion),” one X user
commented .
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Stacks Nakamoto Hard Fork
Nakamoto is making headlines twice in crypto news this week, with the second
being the upcoming Stacks hard fork on October 9. It is a major upgrade on the
Stacks network designed to bring several benefits, the main ones being
increased transaction throughput and 100% Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin finality.
With this upgrade, the Stacks blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн would realize new capabilities and
improvements, focusing on key advancements. These include improved transaction
speed, enhanced finality guarantees for transactions, mitigated Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin miner
MEV (miner extractable value) opportunities that affect PoX, and enhanced
robustness against chain reorganizations.
PEPPER Airdrop Snapshot
After the first snapshot on September 30, fan engagement Web3 project Chiliz (
CHZ ) has another airdrop of its PepperChain (PEPPER) token to CHZ holders on
October 10 across major exchanges outside the US.
PEPPER airdrop is part of a continued strategy to expand and diversify the
Chiliz ecosystem. The ecosystem is popular for its fan token platform and is
deeply involved in the sports and entertainment industries.
Read more: What are Crypto Airdrops?
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The addition of PepperChain positions Chiliz for community-centric initiatives
that will reward active participation and engagement.
Upbit Suspends MKR and DAI Trading
Korea’s largest exchange, Upbit, will suspend trading pairs for MKR/BTC and
DAI /BTC from 14:00 local time on October 11, 2024. This will support brand
reshaping as Maker transitions to Sky Protocol and its MKR token changes to
Sky.
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Similarly, Dai stablecoin will change to USDS. The suspension will last until
the rebranding and token exchange is completed.
The DeFi community has its reservations about the rebranding. Some laud the
move as a necessary evolution in response to market demands. Meanwhile, others
are concerned that it shifts away from the decentralized principles that
originally defined MakerDAO.
“MakerDAO was an OG DeFi protocol aiming to build an autonomous, decentralized
stablecoin with low volatility against fiat currency, backed by ETH. DAI is
now migrating to USDS, a stablecoin that goes against its original vision,”
Lumberg, one of the prominent DeFi community members, commented .
Still, others say the change could have long-term effects on the DeFi sector,
as introducing USDS and SKY could lead to a centralization trend within the
space.
Top crypto platforms | October 2024
AlgosOne Explore
BYDFi No KYC
Exodus Explore
Сoinex Explore
Top crypto platforms | October 2024
AlgosOne Explore
BYDFi No KYC
Exodus Explore
Сoinex Explore
Top crypto platforms | October 2024
AlgosOne
BYDFi
Exodus
Сoinex
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