Today's higher-than-expected inflation data and core CPI reaching its 40-year high crashed both the crypto and stocks markets.
After a quick dump, risk-on assets are coming back with BTC surpassing 19,000 at the time of writing.
In @COIN360com Daily Digest:
2/ BTC dumped to 18,100 and lost 3% of its value in less than an hour after the CPI data release, posting a 24h loss at -3.5% at that time.
However, BTC has been back to above 19,000 now, causing traders to lose 3.89M in short liquidations in the past 1h (@coinglass_com
3/ ETH also regained some of its losses, but still saw a 2.15% decline in the past 24h. Traders lost 96.05M to ETH futures liquidations in the past 24h, more than BTC.
Details in our heatmap:
4/ @Samsung announced it will utilize blockchain technology to upgrade security protocols for all of its smart devices, with Knox Matrix as the new blockchain-based security solution.
XEN dumped by nearly 40% due to both a Sybil attack and this minting exploit.
6/ @BlockTower is launching a dedicated venture arm as well as a new 150M fund with backers including BPI France and Mass Mutual.
8/ @CopperHQ raised 196M in new investment funding from a continuing Series C funding round and convertible note loan.
Since the team hasn't made any public announcement about this, a rumor has sparked that they plan to return some money to investors.
State Street digital asset custody partner Copper raises 196 million. Plans to return some? - Ledger Insights - blockchain for enterprise
9/ @coincenter is suing the Treasury over its controversial Tornado Cash sanctions.
10/ In response to reports it has laid off 100+ contract workers, @Stepnofficial denied the claims and hinted at more changes coming via an open letter to the community on Oct 11.
11/ @falconxnetwork has launched a risk-management platform for institutional clients in order to offer cross-margin capabilities and broader liquidity access.
14/ Other news:
China’s Central Bank digital yuan transactions surpass 14B:
15/ Five charged in France with 2.5M fraud targeting @BoredApeYC NFT owners:
Stablecoin issuer @Tether_to cuts commercial paper holdings to zero:
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this twitter thread.