POKKET: Crypto Market Update (Oct 4)
Bitcoin is flat but tried to make a run for $50k overnight. ETH is relaxed at $3415. Movers are ADX +48%, AXS +22%, APPC +12%, POLY +10%, CRV +9%.
DEX spot volume to CEX volumes were 6.67% for September which is a decline from August’s 7/54% according to TheBlock.
Compound took another hit as someone took advantage of the drip() Compound Reservoir, sending $69M of COMP to Comptroller — four users managed to syphon $22M out of this. Community devs knew of this bug, but could not implement a fix due to the 7d waiting period of the governance token, so it was kept secret with the hopes noone would take advantage.
SolanaMonkeyBusiness, a collection of 5,000 NFTs minted on Solana, has sold for $2.1M marking a new record on the network.
Binance is allowing users to move stock tokens before it shuts the service down after several regulators applied pressure.
KuCoin is the latest exchange to ban accounts of mainland Chinese residents.
The SEC has kicked the can on four Bitcoin ETF applications to the end of 2021, the last kick available until they have a binary decision to make.