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Daily Digest: Price Falls Below $19,000 as Crypto Market Falls Back to $19 Billion High

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.

Top gainers: FEI HT TON Top losers: KLAY ETHW WAVES

Details in our heatmap:

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

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.

Samsung announces 'private blockchain' security sytem for its smart devicesSamsung announces 'private blockchain' security sytem for its smart devices

5/ An exploit allowed the attacker to mint @XEN_Cryptos token 17k times at no cost using @FTX_Official FTX reportedly lost 81 ETH & over 100k XEN to the hacker.

XEN dumped by nearly 40% due to both a Sybil attack and this minting exploit.

XEN crypto down 39% as it suffers multiple attacksXEN crypto down 39% as it suffers multiple attacks

6/ @BlockTower is launching a dedicated venture arm as well as a new 150M fund with backers including BPI France and Mass Mutual.

With A 150 Million Debut Venture Fund, BlockTower Is Ready To Take Advantage Of The Crypto WinterWith A 150 Million Debut Venture Fund, BlockTower Is Ready To Take Advantage Of The Crypto Winter

7/ @uniswap secured 165M in a Series B led by @polychaincap with participation from @a16z crypto, @Paradigm @SVAngel and @VariantFund This brought the firm's valuation to 1.66B.

Uniswap Labs valued at 1.66 billion in 165 million new fundingUniswap Labs valued at 1.66 billion in 165 million new funding

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 enterpriseState 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.

Treasury Sued by Coin Center Over Tornado Cash BanTreasury Sued by Coin Center Over Tornado Cash Ban

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.

Crypto Fitness App STEPN Denies Layoff Reports - DecryptCrypto Fitness App STEPN Denies Layoff Reports - Decrypt

11/ @falconxnetwork has launched a risk-management platform for institutional clients in order to offer cross-margin capabilities and broader liquidity access.

Crypto Prime Brokerage FalconX Unveils Risk-Management Platform for Institutional ClientsCrypto Prime Brokerage FalconX Unveils Risk-Management Platform for Institutional Clients

12/ Singapore-based crypto investment app @PillowFund announced its 18M Series A led by @Accel & @QuonaCapital with participation from @ElevCap and @Jumpcapital

Crypto investment startup Pillow raises 18 million in funding led by Accel, Quona, othersCrypto investment startup Pillow raises 18 million in funding led by Accel, Quona, others

13/ @EclipseFND a @Solanabased cross-chain modular rollup startup founded by the former @terra_money dev @neelsalami secured 15M in the latest fundraise.

Ex-Terra Developer Raises 15M for Cross-chain RollupsEx-Terra Developer Raises 15M for Cross-chain Rollups

14/ Other news:

China’s Central Bank digital yuan transactions surpass 14B:

@Zipmex review appears to clear CEO over @BabelFinance investments gone sour:

China’s Central Bank Digital Yuan Transactions Surpass 14 BillionChina’s Central Bank Digital Yuan Transactions Surpass 14 Billion
Zipmex review appears to clear CEO over Babel Finance investments gone sourZipmex review appears to clear CEO over Babel Finance investments gone sour

15/ Five charged in France with 2.5M fraud targeting @BoredApeYC NFT owners:

Stablecoin issuer @Tether_to cuts commercial paper holdings to zero:

Five Charged in France With 2.5M Fraud Targeting Bored Ape NFT Owners - DecryptFive Charged in France With 2.5M Fraud Targeting Bored Ape NFT Owners - Decrypt
Stablecoin Issuer Tether Cuts Commercial Paper Holdings to ZeroStablecoin Issuer Tether Cuts Commercial Paper Holdings to Zero

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