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SEC Drops Lawsuit Against Ripple Execs: The Securities and Exchange Commission (SEC) has dismissed all claims against Ripple CEO Bradley Garlinghouse and co-founder Christian Larsen.

👉Details: https://coinmarketcap.com/academy/article/sec-drops-lawsuit-against-ripple-execs

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Galaxy Digital’s Mike Novogratz Believes SEC Will Approve Bitcoin Spot ETF in 2023: Galaxy Digital CEO Mike Novogratz has expressed confidence that the US Securities and Exchange Commission (SEC) will approve a spot Bitcoin exchange-traded fund (ETF) this year.

👉Details: https://coinmarketcap.com/academy/article/galaxy-digitals-mike-novogratz-believes-sec-will-approve-bitcoin-spot-etf-in-2023

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Coinbase Chooses Ireland as Europe Crypto Hub: Coinbase, one of the leading cryptocurrency exchanges based in the United States, has stated that it has chosen Ireland as its European crypto hub.

👉Details: https://coinmarketcap.com/academy/article/coinbase-chooses-ireland-as-europe-crypto-hub

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Superdao To Shut Down and Return Funds: Superdao is closing down.

👉Details: https://coinmarketcap.com/academy/article/superdao-to-shut-down-and-return-funds

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Fantom Foundation Wallet Hacked For Over $550K: The Fantom Foundation, the developer of the Fantom network, has been hacked, resulting in the theft of nearly $550,000 in cryptocurrencies.

👉Details: https://coinmarketcap.com/academy/article/fantom-foundation-wallet-hacked-for-over-dollar550k

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Reddit Ends Blockchain-based Community Points Due to Concerns: According to Techcrunch, Reddit is ending its crypto-powered "Community Points" reward tokens, which were established three years ago to encourage high-quality contributions to the network.

👉Details: https://coinmarketcap.com/academy/article/reddit-ends-blockchain-based-community-points-due-to-concerns

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Crypto Custody Firm BitGo Acquires HeightZero, Targeting Wealth Managers: BitGo, a well-known cryptocurrency custody provider, has announced the acquisition of HeightZero, a startup that provides software tools for wealth managers interested in crypto investments.

👉Details: https://coinmarketcap.com/academy/article/crypto-custody-firm-bitgo-acquires-heightzero-targeting-wealth-managers

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Lido Shuts Down Solana Liquid Staking Service Following Community Vote, Citing Low Fees: Lido Finance, a decentralized liquid staking technology, is ceasing operations on the Solana blockchain.

👉Details: https://coinmarketcap.com/academy/article/lido-shuts-down-solana-liquid-staking-service-following-community-vote-citing-low-fees

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Former FTX’s Head of Engineering Nishad Singh Felt “Betrayed” by SBF: Nishad Singh, FTX's former head of engineering, recounted his shock after a September 2022 meeting with the FTX founder.

👉Details: https://coinmarketcap.com/academy/article/former-ftxs-head-of-engineering-nishad-singh-felt-betrayed-by-sbf

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BlackRock's Spot Bitcoin ETF Application Still Under SEC Review Amid Approval Rumors: On October 16, Bitcoin price surged to a high of $29.4k, following a tweet from CoinTelegraph that BlackRock's Bitcoin Sport ETF had received approval.

👉Details: https://coinmarketcap.com/academy/article/blackrocks-spot-bitcoin-etf-application-still-under-sec-review-amid-approval-rumors

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Binance Burns $450M Worth of BNB Tokens in Planned Quarterly Burn: Cryptocurrency exchange Binance announced on Monday that it had conducted a planned token burn, burning more than $450 million worth of its native BNB tokens.

👉Details: https://coinmarketcap.com/academy/article/binance-burns-dollar450m-worth-of-bnb-tokens-in-planned-quarterly-burn

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Australia Proposes New Licensing Rules for Crypto Exchanges
:
Tougher regulations coming for Australian crypto platforms.

👉Details: https://coinmarketcap.com/academy/article/australia-proposes-new-licensing-rules-for-crypto-exchanges

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Ferrari Will Accept Crypto Payments for Its Luxury Supercars in the U.S.
:
In response to rising client demand, Ferrari, the renowned luxury car maker, plans to accept cryptocurrency payments for its premium sports cars.

👉Details: https://coinmarketcap.com/academy/article/ferrari-will-accept-crypto-payments-for-its-luxury-supercars-in-the-us

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Glassnode: Bitcoin Whales Are Accumulating, Ethereum Whales Selling: Glassnode data shows a striking difference in the behavior of major Bitcoin and Ethereum holdings, indicating divergent views among crypto whales.

👉Details: https://coinmarketcap.com/academy/article/glassnode-bitcoin-whales-are-accumulating-ethereum-whales-selling

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MetaMask Temporarily Removed from Apple’s App Store, Sparking Concerns: On October 14, the leading Ethereum wallet, MetaMask, was temporarily removed from the Apple App Store, raising fears of a permanent ban.

👉Details: https://coinmarketcap.com/academy/article/metamask-temporarily-removed-from-apples-app-store-sparking-concerns

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Finland Working on Instant Payments Solution Using Digital Euro: The Bank of Finland (BOF) has taken the lead in coordinating the development of a Finnish instant payment solution that aligns with European standards.

👉Details: https://coinmarketcap.com/academy/article/finland-working-on-instant-payments-solution-using-digital-euro

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Morgan Stanley: Crypto Winter “May Be in the Past”: Morgan Stanley Wealth Management has suggested that the “crypto winter may be in the past and that crypto spring is likely on the horizon.”

👉Details: https://coinmarketcap.com/academy/article/morgan-stanley-crypto-winter-may-be-in-the-past

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German Regulator Issues Warning About MEXC's Crypto Custody Services: BaFin reminds consumers to be cautious when choosing crypto custody services.

👉Details: https://coinmarketcap.com/academy/article/german-regulator-issues-warning-about-mexcs-crypto-custody-services

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Yuga Labs Completes Restructuring Amid NFT Sector Challenges: Yuga Labs, the firm behind the well-known Bored Ape Yacht Club (BAYC) non-fungible token (NFT) project, has finished its restructuring efforts in response to challenges in the NFT space.

👉Details: https://coinmarketcap.com/academy/article/yuga-labs-completes-restructuring-amid-nft-sector-challenges

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European Union Officially Adopts New Crypto Tax Data Sharing Rules: The finance ministers of the European Union have officially agreed to new rules that allow tax authorities to share information about individuals' cryptocurrency holdings.

👉Details: https://coinmarketcap.com/academy/article/european-union-officially-adopts-new-crypto-tax-data-sharing-rules

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Bitcoin Gains as Spot Bitcoin ETF Amendments Filed by Firms: Bitcoin (BTC) reached a two-month high of $28.8K, up 2.8% in the last 24 hours, on the back of revisions to spot Bitcoin ETF registrations in the United States.

👉Details: https://coinmarketcap.com/academy/article/bitcoin-gains-as-spot-bitcoin-etf-amendments-filed-by-firms

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Leading Decentralized Exchange Uniswap Introduces 0.15% Swap Fees on Certain Tokens: Uniswap's founder, Hayden Adams, announced that the decentralized exchange will impose a 0.15% swap charge on specified currencies via their web app and wallet interfaces.

👉Details: https://coinmarketcap.com/academy/article/leading-decentralized-exchange-uniswap-introduces-015percent-swap-fees-on-certain-tokens

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FTX Unveils Revised Plan to Return 90% of Creditor Holdings: Bankrupt cryptocurrency exchange FTX has announced a new plan that aims to refund more than 90% of creditor holdings held at the exchange prior to its November 2022 collapse.

👉Details: https://coinmarketcap.com/academy/article/ftx-unveils-revised-plan-to-return-90percent-of-creditor-holdings

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Sam Bankman Fried’s Lawyers: SBF Needs More Adderall To Focus During Trial: In a letter dated October 15, Bankman-Fried's legal team asked a US judge for permission to obtain long-release Adderall to help him concentrate during his ongoing criminal trial.

👉Details: https://coinmarketcap.com/academy/article/sam-bankman-frieds-lawyers-sbf-needs-more-adderall-to-focus-during-trial

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South Korean Crypto Exchange Upbit Receives Approval for Major Payment Institution License in Singapore: Upbit, South Korea's largest cryptocurrency exchange by trading volume, reached a crucial milestone on October 16.

👉Details: https://coinmarketcap.com/academy/article/south-korean-crypto-exchange-upbit-receives-approval-for-major-payment-institution-license-in-singapore

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Solana Foundation Joins Dubai Multi Commodities Centre (DMCC) as an Ecosystem Partner: The Dubai Multi Commodities Centre (DMCC), one of Dubai's economic free zones, has welcomed the Solana Foundation into its ecosystem partner network.

👉Details: https://coinmarketcap.com/academy/article/solana-foundation-joins-dubai-multi-commodities-centre-dmcc-as-an-ecosystem-partner

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U.S. Government's Bitcoin Holdings Worth $5 Billion, Acquired Through Seizures
:
U.S. government's passive acquisition of Bitcoin results in largest state-owned hoard.

👉Details: https://coinmarketcap.com/academy/article/us-governments-bitcoin-holdings-worth-dollar5-billion-acquired-through-seizures

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Latin America Prefers Centralized Exchanges (CEXs) in Crypto Usage, Report Finds
:
According to a recent analysis from blockchain analytics firm Chainalysis, Latin America prefers centralized exchanges (CEXs) over decentralized exchanges (DEXs).

👉Details: https://coinmarketcap.com/academy/article/latin-america-prefers-centralized-exchanges-cexs-in-crypto-usage-report-finds

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FTX Estate Stakes 5.5 Million Solana Worth $122M: Over 5.5 million Solana (SOL) were sent by an FTX-identified wallet to Figment, a staking validator service catering to institutional investors.

👉Details: https://coinmarketcap.com/academy/article/ftx-estate-stakes-55-million-solana-worth-dollar122m

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🗞 CryptoNews of the Day 🗞

What Happened in Crypto Today? [Oct. 16]: From FTX staking its massive SOL stash to the US goverment holding ~200k BTC, here is a 2-minute breakdown of everything important that happened in crypto today.

👉Details: https://coinmarketcap.com/academy/article/what-happened-in-crypto-today-oct-16

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