Vitalik Keeps Selling ETH, Why?

Hey Crypto Geeks ??

Voice of Crypto's Weekly Newsletter?

?Asynchronous

Here’s what we’ve got for you:

• Market Pulse
• Biggest Web3 Stories
• Top Video of the Week
• Featured Web3 Events

Market Pulse?

?? Investors are closely eyeing the crypto market today, riding the wave of positivity as digital currencies make remarkable gains. ?? Experts believe that the optimism surrounding Bitcoin ETF approvals and other factors are driving this market surge.

?? Fed Chair Jerome Powell expressed contentment with the summer's decline in inflation and hinted at holding off on rate hikes unless a significantly stronger economy poses a threat to progress. ?? Many have applauded these comments, as rising interest rates continue to cast a shadow on market performance.

?? In the world of crypto, Bitcoin saw a substantial 3.20% gain, trading at $29,219. ?? Ethereum's price also increased by 2%, settling at $1,581, and its 24-hour volume shot up by 15% to $5.25 billion.?

?? In the realm of meme coins, Dogecoin's price increased by 2% to $0.0594. On the other hand, Shiba Inu's price added 2.44%, reaching $0.000006902 as of October 20.

?? Globally, the crypto market cap surged by 0.39% to $ 1.09 trillion, and its 24-hour volume increased by 5.91% to $41.02 billion. Bitcoin's dominance in the market edged up by 0.30% to 51.36%. The crypto market fear & greed index stood at 49, indicating a neutral sentiment across the market. ???

Biggest Web3 Stories

Israeli Authorities Claim Crypto and Stablecoins Used By 3 Terror Groups

• Amid the ongoing war with Hamas, Israeli authorities claim that stablecoins are being used by several terror and militant groups including Hamas, ISIS and Hezbollah to access funding and launder money.
• Several reports also claim that crypto fueled the Hamas’s attack and massacre on Israel.
• Stablecoins were used to transfer millions to terror groups.
• USDT’s issuer Tether froze $873k worth of USDT from flowing to terrorists.
• Money laundering and terror financing are likely to shape crypto regulation in the near future. Read more

Ethereum Founder Vitalik Buterin Transfers $14.9M USDC to Gemini Exchange: ETH Price in Danger

• Ethereum co-founder Vitalik Buterin has been transferring large amounts of ETH and stablecoins to and from centralized exchanges in recent months.
• Buterin recently transferred $14.93 million in USDC to the Gemini exchange.
• This transfer is the latest in a series of large transactions from Buterin’s wallets.
• Buterin’s transfer history has been a source of speculation in the crypto community.
• Buterin’s transfer coincides with a surge in the price of Bitcoin, but Ethereum’s price has remained mostly stagnant. Read more

“SBF Made Me Do It” Former Alameda Research Director Reveals Key Info on SBF and FTX

• Caroline Ellison, SBF’s ex-girlfriend and former CEO of Alameda Research, testified in court recently.
• Ellison said that Bankman-Fried instructed her and her colleagues to transfer billions of dollars in customer funds from FTX to Alameda accounts.
• SBF also asked Ellison to fabricate spreadsheets showing various scenarios that would impact Alameda’s ability to continue taking out loans.
• Ellison said that Bankman-Fried told her that the auditors wouldn’t look at the fabricated figures.
• Ellison also testified that FTX had lent millions of dollars to its executives, including SBF. Read more

Bitcoin Price Pump & Dump: Fake Spot ETF Approval News, Liquidations & More

• Bitcoin’s price spiked on Tuesday due to a false report that the SEC had approved BlackRock’s Bitcoin ETF proposal.
• The fake news led to $156.3 million in liquidations, with the bears losing $100 million and the bulls losing $56 million.
• Despite the fake news being debunked, Bitcoin’s trading volume has increased by 100%, suggesting that market participants are eagerly awaiting a BTC ETF.
• Edward Snowden has warned that a spot ETF approval could lead to more regulatory problems for crypto and threaten Bitcoin’s decentralization.
• Bitcoin’s price has declined since the fake news was debunked and could see a steep price decline if it breaks below $28,359. Read more

VOC Top Video of the Week

Crafting the Web3 Creator Economy and Exploring Japan's Web3 Culture with Chelsea | Voices of Web3

In Episode 8, titled "Crafting the Web3 Creator Economy," we are delighted to host a special guest, Chelsea, who is deeply immersed in the world of Web3 and the creator economy. Chelsea shares her journey in the crypto world, offering a personal narrative that delves into her experiences and her trajectory in the ever-evolving Web3 landscape. Join us as we explore Chelsea's thoughts on the continuously evolving content creator economy, and how Web3 is transforming the way creators and artists engage with their audiences. Watch to know more

??????????????????????Featured Web3 Events

CoinDCX’s Unfold 2023 Demo Day: 10 Web3 Startups Compete for $1M Funding

CoinDCX, India’s leading and most valued VDA company, in collaboration with BuidlersTribe, is thrilled to announce the second edition of Demo Day at Unfold 2023. Building on the success of its collaboration in 2022, CoinDCX is once again proud to partner with BuidlersTribe. This annual event, designed to support the innovative spirit of Web3 startups, will take place in the heart of India’s Silicon Valley, Bengaluru on October 20th, the second day of Unfold 2023. Read more

That’s a wrap for today!

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