TOP 5 Loser Coins
CME Group data indicates a 99.9% likelihood of the Fed maintaining interest rates due to the resilient U.S. economy, robust consumer spending, employment growth, and low unemployment. The Fed is considering the impact of rising long-term government bond yields. Analysts predict a "hawkish" pause and potential future rate hikes. Geopolitical issues, such as Gaza and Ukraine conflicts, pose global economic risks, as noted by the Fed.
Team Unibot's trading bot for Uniswap V3 on Telegram has suffered an exploitation, resulting in the transfer of meme coins to ETH, amounting to $560K. The hacker's wallet, inactive until October 31, 2023, now holds $583,762. UNIBOT token's price dropped by 40%. Unibot addressed the issue, compensating losses and assuring user wallet safety, urging users to check and revoke approvals for contract 0x126c9FbaB3A2FCA24eDfd17322E71a5e36E91865. The exploit contract was deployed by Unibot two days ago, funded by fixfloat.
Bittrex, a major cryptocurrency exchange, has received court approval for its Chapter 11 bankruptcy plan, allowing it to wind down its U.S. operations and settle debts with creditors. The move follows an SEC charge for operating as an unregistered exchange, impacting Bittrex's market standing. However, Bittrex Global, the non-U.S. regulated digital assets exchange, continues to operate independently, providing a secure platform for international clients amidst U.S. regulatory uncertainty.
Attorneys for Sam Bankman-Fried, in a letter to Judge Kaplan, have submitted proposed jury instructions, arguing that FTX's relationship with its customers was governed by English law, which does not establish a trust or fiduciary relationship. They contest the fraud charges by the U.S. Department of Justice and cite supporting authorities on English law.
Elon Musk's participation in the UK AI Safety Summit has sparked speculation about his future ventures. He is expected to join Rishi Sunak in a live conversation, discussing AI hazards and global growth. Musk's presence will likely amplify concerns about unregulated AI and its evolution.
Scott Johnsson, an attorney from Davis Polk, has pointed to a potential clue regarding the approval of a spot Bitcoin ETF by the SEC. An upcoming closed-door meeting on November 2 is being closely watched, with speculation that the SEC may decide to approve Grayscale's spot Bitcoin ETF. However, there is no certainty, and some believe SEC Chair Gary Gensler could still reject such applications.
On October 31, 2008, Satoshi Nakamoto unveiled the Bitcoin whitepaper, introducing a peer-to-peer electronic cash system. This revolutionary creation targeted the double-spending issue in digital currency by leveraging a decentralized node network and a proof-of-work consensus mechanism. Bitcoin has since evolved into a worldwide digital currency, driving cryptocurrency innovation.
There is a slim chance that SEC Chair Gary Gensler could deny a slew of pending spot Bitcoin ETF applications in a "semi-comedic rug-pull," as suggested by Bloomberg ETF analysts. While this scenario is considered unlikely, it hasn't been ruled out entirely due to Gensler's history of delaying and pushing back spot Bitcoin ETF applications.
AI crypto coins like Injective (INJ), The Graph (GRT), Render (RNDR), and Fetch.ai (FET) have recently seen a significant market surge. This growth is driven by AI's expanding influence across sectors, investments from tech giants like Google and Amazon in AI startups, and the promising synergy between AI and blockchain, offering enhanced efficiency and security in the crypto space. This surge reflects the rising demand for AI-focused digital assets and a changing market sentiment regarding AI's impact on the future of digital finance.
Ethereum continues to lead the decentralized finance (DeFi) and blockchain sectors, securing 75% of the deposited funds in the past week. Its pioneering smart contract technology laid the foundation for DeFi and saw historic decentralized exchange volumes, totaling over $9 billion in a week. The potential approval of a BlackRock spot Ethereum ETF application could further boost Ethereum's price. At present, Ethereum is trading at $1,798, with minor fluctuations over the past week.