07 Oct: BNB Chain HACKED!

07 Oct: BNB Chain HACKED!

By theinspired | Inspiration | 7 Oct 2022


"There can be no happiness if the things we believe in are different from the things we do."
- Freya Stark

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It's Fridayyyy Folks! The Binance hack is dominating the news since late last evening; $100MM but CZ says: "Funds are SAFU;" on the heals of that drama, Celsius dox client in legal filing. In other news, FTX seeks to roll out Crypto-linked Visa cards globally; I don't really see a need for these. 

Bitcoin continues to struggle to remain above $20K and that is the magic line. As it pertains to Altcoins, $ETH, $ADA, and $SOL are making news. 

Podcast of the Day: Unchained: Kristin Smith on Why Crypto Legislation Could Be Passed by Year's End

FOLLOW DAT MONEY

Just In: Binance Boss Ready to Spend $1 Billion on Acquisitions (UToday | TDH)

READ

Trending

Gaining Traction

CRYPTO MARKET

  • FTT Token Surges 7% as FTX Partners With Visa (Coindesk)
  • Morgan Stanley Says Crypto ETPs Continue to Grow Despite Bear Market (Coindesk)
  • Binance CEO says there's pain and risk in the bear market, but also opportunity: Bloomberg (TB)
  • Venture Capitalist Katie Haun Says Crypto Trajectory Differs From Past Cycles – Here’s Her Outlook (TDH)
  • Mt. Gox creditors need to register with exchanges next year to receive lost crypto (TB)
  • Citigroup Becomes Latest Institution To Make Moves Into Crypto (BIC)

BITCOIN

Price

  • Bitcoin clings to $20K as whale pressure keeps resistance in control (Cointelegraph)
  • Bitcoin and gold face headwinds amid strengthening dollar (Cointelegraph)
  • Will Comatose Bitcoin Market Come Alive After NFP Data? (Coindesk)
  • Bitcoin drops below $20,000 following U.S. jobs data; DXY dollar index soars (TBUToday | Decrypt | NewsBTC)
  • Bulls and bears set the stage for Bitcoin’s sideways choppy trading (Finbold)
  • Bitcoin Leverage Ratio Hits New ATH, Market In For A Rough Ride? (NewsBTC)

Opinion

  • Kaleo: Top Crypto Strategist Predicts Massive Impulse Breakout for Bitcoin (BTC) – Here’s the Timeline
    (TDHBIC)
  • $BTC: ‘Rich Dad Poor Dad’ Author Says ‘Pension Funds Now Investing in Bitcoin’ (CryptoglobeFinbold)

Mining

  • What’s Causing Bitcoin Energy Use and Hash Rate to Decouple? (BIC)
  • Argo Blockchain shares crumble as it sets out plan to raise $34 million (TBCoindesk)
  • Bitcoin miner Iris Energy considering mergers and acquisitions after fresh capital raise (TB)

ETHEREUM

  • Ethereum’s social activity dwindles following Merge as interest in Bitcoin gathers pace (Finbold)

BNB

  • Binance CEO says BNB community is ‘extremely strong’ as token dips less than 5% after hack (Finbold)

CARDANO

  • Cardano adds 100 smart contracts in 2 weeks since Vasil hard fork upgrade (Finbold | Cryptoglobe)
  • ADA Emerges Among Top 10 Most-Purchased Assets as Whales Hold $5 Million in It (UToday)

SOLANA

  • Solana Sees Its Most Negative Sentiment in Months (UToday)
  • Solana's latest downtime caused by code bug and malfunctioning node (TB)
  • gm: All Things Solana With Anatoly Yakovenko (Decrypt)

DOGECOIN

  • Dogecoin Hit with Latest Market Sell-off as Price Drops 5% (UToday)

LEGAL BATTLES

  • Celsius provides users' names and trading history in legal filing (TB | Blockworks | BIC | EWN)
  • Ex-Celsius CEO’s wife cashed out $2 million in crypto before bankruptcy, documents reveal (Finbold)

ATTACKS/HACKS/SCAMS

  • Binance Hacker Put Millions Of New BNB In Circulation, What Does This Mean For Price? (NewsBTC)

WATCH

LISTEN

  • TPP: #1101 Braeden Anderson On When Crypto Regulation Is Coming
  • TWOAS: Should You Invest In Crypto During A Recession? Guests: Jeff Booth, Steven McClurg, Tom Dunleavy
  • WBD: Bitcoin, Unleashing an Ocean of Energy with Nathaniel Harmon
  • SLP: SLP420 BTCMap - Mapping Bitcoin Merchants
  • TBP: Nothing's Cheaper Than Proof Of Work w/ Paul Sztorc
  • Bankless: ROLLUP: Kim Kardashian vs Gary Gensler | Credit Suisse Crisis | Celsius Foul Play | ENS NFTs

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theinspired
theinspired

I've been aware of Bitcoin since 2011 and my desire is that you will be better informed about the digital asset industry by reading my daily post.


Inspiration
Inspiration

I've been exposed to the world of crypto since 2011. Now I use my knowledge to curate the most relevant news articles, podcast, videos, blogs and social media information to help you be in the know in Crypto!

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