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$BTC Price Holds Above $22,200 as Market Outlook Improves

BTC was back above 22,200 for the first time in over 3 weeks ahead of the CPI data release tomorrow Investors expected to see inflation slow down, leading to a less hawkish approach from the Fed. But will it happen?

In Coin360 Daily Digest:

1/ In the pic: @Starbucks @0xPolygon Stone Ridge @a href="https://cryptos.blue/near-protocol">NEARProtocol @WazirXIndia @SquareEnix @oasys_games @FireblocksHQ @AlgoFoundation @hodlnautdotcom @trondao @wintermute_t @CreamdotFinance @NorgesBank @Nahmii_io @Phoenix_Chain @golemproject @Ravencoin @graphprotocol @solana

2/ BTC touched 22,400 from the daily low of 21,700 before slightly down to 22,200, posting a 2.5% gain in the past 24h.

Investors expected a mild reaction tomorrow, but given that consumer demand has declined, can the Fed's rate hike slow down?

Elon Musk, Cathie Wood sound 'deflation' alarm — Is Bitcoin at risk of falling below 14K?Elon Musk, Cathie Wood sound 'deflation' alarm — Is Bitcoin at risk of falling below 14K?

3/ ETH is still above 1,700, but has been down by 3.2% in the past 24h. Traders moved their funds to BTC, became more prudent during the Merge, or bought stETH with a discount, all could be a reason.

PHB GLM RVN GRT SOL were te topgainers.

👉

Cryptocurrency Prices Heatmap, Market Cap, Charts & Widget – COIN360Cryptocurrency Prices Heatmap, Market Cap, Charts & Widget – COIN360

4/ @0xPolygon became @Starbucks' choice to build its recently announced web3 experience named Starbucks Odyssey.

Starbucks Taps Polygon for Its 'Starbucks® Odyssey' Web3 Experience — Polygon | BlogStarbucks Taps Polygon for Its 'Starbucks® Odyssey' Web3 Experience — Polygon | Blog

5/ Stone Ridge filed to liquidate its bitcoin strategy fund, which will begin on October 21 and as of the close of business on October 3, shares will not be available to purchase.

Asset Manager Stone Ridge Shutting Bitcoin Futures FundAsset Manager Stone Ridge Shutting Bitcoin Futures Fund

6/ NEAR recorded an approx. 10% gain earlier today following a series of updates, from @NEARProtocols phase one of Sharding, @tether_tos USDT support:

To the @NEARFoundations 100M VC fund and a venture lab:

NEAR Foundation Reveals 100M VC Fund and a Venture Lab - Ethereum World NewsNEAR Foundation Reveals 100M VC Fund and a Venture Lab - Ethereum World News

7/ The Enforcement Directorate of India has unfrozen the bank accounts of @WazirXIndia. According to the team, the case is "still under investigation, but funds have been unfrozen due to no suspicious activity found."

WazirX resumes banking after month-long account freeze endsWazirX resumes banking after month-long account freeze ends

8/ @SquareEnix is now one of the @oasys_games'">@oasys_games initial node validators ahead of its public launch later this year.

Square Enix becomes validator on gaming blockchain OasysSquare Enix becomes validator on gaming blockchain Oasys

9/ @FireblocksHQ said it has achieved "Centaur" status with 100M in annual recurring revenue.

Fireblocks records 100M+ revenue in subscriptions amid bear marketFireblocks records 100M+ revenue in subscriptions amid bear market

10/ @AlgoFoundation confirmed its exposure at around 35M in USDC to the embattled crypto lender @hodlnautdotcom.">@hodlnautdotcom

Algorand Foundation Discloses 35M Exposure in Hodlnaut - BeInCryptoAlgorand Foundation Discloses 35M Exposure in Hodlnaut - BeInCrypto

11/ @wintermute_t has become @trondao's official market maker, who will be responsible for creating liquid TRX markets and supporting the network's DeFi activity.

Tron Taps Crypto Market Maker Wintermute to Become Official Partner - DecryptTron Taps Crypto Market Maker Wintermute to Become Official Partner - Decrypt

12/ @CreamdotFinance attacker swapped more than 1,000 ETH to 80 renBTC, then converted them to actual BTC. The address has moved 607 bitcoins in stolen funds so far since the exploits.

Cream Finance Exploiter Converts 1.75M in Stolen Funds to BitcoinCream Finance Exploiter Converts 1.75M in Stolen Funds to Bitcoin

13/ According to @NorgesBank,">@NorgesBank the central bank of Norway, the source code for its CBDC sandbox is now publicly available via the collaboration with @Nahmii_io,">@Nahmii_io an L2 Ethereum scaling protocol.

Norwegian central bank trusts Ethereum, credit goes to…Norwegian central bank trusts Ethereum, credit goes to…

14/ Other news:

Central banks of France, Nigeria latest to join @Hyperledger

Exchanges criticized for 'nothingburger PR' posts on upcoming LUNC tax burn:

How CC0 can help (or hurt) NFT projects:

Central banks of France, Nigeria latest to join Hyperledger FoundationCentral banks of France, Nigeria latest to join Hyperledger Foundation
Exchanges criticized for 'nothingburger PR' posts on upcoming LUNC tax burnExchanges criticized for 'nothingburger PR' posts on upcoming LUNC tax burn
How CC0 can help — or hurt — NFT projectsHow CC0 can help — or hurt — NFT projects

15/ Canada's new Conservative Party leader Pierre Poilievre is a Bitcoiner:

Web3 games and metaverse projects raised 748M in August:

BTC: Canada’s New Conservative Party Leader Pierre Poilievre Is a BitcoinerBTC: Canada’s New Conservative Party Leader Pierre Poilievre Is a Bitcoiner
Web3 Games and Metaverse Projects Raised 748 Million in August (Report)Web3 Games and Metaverse Projects Raised 748 Million in August (Report)

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This post is based on this twitter thread.

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