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Haas F1 Team, the only American-owned team in the FIA Formula 1 World Championship, announced today a partnership with OpenSea, the largest NFT marketplace by trading volume. The new deal will include the production of a line of branded NFTs and cross-promotion during racing events where the OpenSea logo will appear on the Haas F1 Team VF-22 series cars.
More info: https://bit.ly/3zIUuts
According to security firm BlockSec, the exploit was perpetrated in just one transaction. In this transaction, the hacker redeemed more than 1.1 million wrapped Near tokens ($3 million) in a loop from Skyward’s treasury contract.
More info: https://bit.ly/3UhceDU
The bank issued tokenized S$100,000 ($71,000) as part of the Singapore central bank’s pilot programs exploring the use of decentralized finance, or DeFi, in the banking sector, then traded it for tokenized yen with Japan’s SBI Digital Asset Holdings.
More info: https://bloom.bg/3fu2d7B
Australian Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETF) are in line for delisting, casting a gloomy future for the country’s crypto status, Bloomberg reported on November 2.
The management of the Cosmos Purpose Bitcoin Access ETF, Cosmos Purpose Ethereum Access ETF, and Cosmos Global Digital Miners Access ETF has since applied to withdraw their quotations for the products.
More info: https://bit.ly/3SX9wlR
Cryptocurrency options and futures exchange Deribit has been hacked, with $28 million being drained from its hot wallet.
More info: https://bit.ly/3SZ8aY3
Singapore-based DBS Bank, the largest lender in Southeast Asia, said it is one of the first banks to test trading of foreign exchange and government securities using permissioned decentralized finance (DeFi) liquidity pools on a public blockchain.
More info: https://bit.ly/3WrqTyb
The European Union’s Markets in Crypto Assets (MiCA) bill was finalized in September. The sweeping bill covers everything from stablecoins to crypto mining to nonfungible tokens (NFTs) to money laundering. However, there are also clauses buried within it that could affect crypto influencers.
More info: https://bit.ly/3SVehfR
Blockchain development firm Enya said it has released a Layer 2 scaling solution called Boba Network on BNB Chain, aiming to scale applications on the blockchain. SushiSwap, one of the largest decentralized exchanges, will launch on the BNB Chain version of Boba Network as a launch partner.
More info: https://bit.ly/3gVbTIJ
Cryptocurrency exchange volume in October was just $543 billion — down from $733 billion in September — according to data dashboard. The last time levels were this low was in December 2020, when they came in at $385 billion.
More info: https://bit.ly/3Nrga2A
Shiba Inu (SHIB) is now trading hands at $0.00001289, up 4.8% in the last 24 hours. SHIB has risen from $5.46 billion to $7.38 billion, an increase in its market capitalization just shy of $2 billion.
More info: https://bit.ly/3SUO2pG
OpenSea’s trading volume is down 94% since hitting an all-time high of $4.86 billion in Jan. 2022. Data from Dune Analytics also shows a decline of about 86% in the ETH trading volume since the beginning of the year.
Transaction data also shows a sharp decline in NFT transactions on the secondary marketplace from over $406 million in May 2022 to $7.63 million, a drop of 98%.
More info: https://bit.ly/3FzbplW
GameStop's NFT marketplace is live on Immutable X, a Layer 2 Ethereum scaling protocol. GameStop’s marketplace will offer assets for Immutable X games, such as Gods Unchained, Guild of Guardians and Illuvium, in addition to other web3 games.
More info: https://bit.ly/3fnGZs1
Argo Blockchain, a UK-listed Bitcoin miner, has announced that it could be facing negative cash flow in the near term after seeing a financing deal fall through.
More info: https://bit.ly/3sIkS2L
Currently, CHZ is changing hands at $0.2251, up 15.7% in the last 24 hours and up 24.56% across the previous seven days, according to data retrieved by Finbold from CoinMarketCap.
Chiliz is a tokenized voice platform that aims to give sports fans more agency and assist them in managing the esports organizations, teams, and sports they follow most closely. It is anticipated that the performance of tokens such as CHZ will exceed that of altcoins and meme coins as the FIFA World Cup 2022 approaches.
More info: https://bit.ly/3fjpjOb
Over 700 tech startups have experienced layoffs this year, impacting at least 93,519 employees globally. It has also been reported that tech giants like Google, Netflix and Apple are undergoing massive job cuts.
Many of layoffs are likely due to an economic downturn, this has resulted in an overwhelming amount of talent flocking to early-stage Web3 companies. For example, Andrew Masanto, a serial entrepreneur who has founded a number of startups, told Cointelegraph that he recently launched Nillion, a startup specializing in decentralized computation, to help ensure privacy and confidentiality for Web3 platforms.
More info: https://bit.ly/3Fu5JcG
Charles Hoskinson seeks to make ADA a part of Elon Musk-owned Twitter, along with the popular meme token Dogecoin (DOGE). Now that Musk has finalized his $44B Twitter takeover, the Cardano founder is convinced that the social media platform will soon adopt DOGE — as the Tesla billionaire has alluded to on multiple occasions.
More info: https://bit.ly/3DMI1r5
Despite the existing market conditions, new crypto projects appear unfazed as they continue to join the market. Indeed, as of October 28, there was a total of 21,555 cryptocurrencies as tracked by CoinMarketCap. 5,317 new cryptocurrencies emerged, growing by about 32% from 16,238 tokens recorded on January 1.
More info: https://bit.ly/3NeausX
Financial services giant Visa ( filed two metaverse trademarks on October 22, with plans to manage digital and cryptocurrency transactions, cryptocurrency wallets, non-fungible tokens (NFTs), and digital currency, among others.
More info: https://bit.ly/3SKIQog