🌙 Bitcoin Dips after Testing ATH

The global cryptocurrency market cap is down 1.6% to $2.52 trillion in the past 24 hours.

Author

Mike Gavela
October 30, 2024

Crypto Roundup - October 30

Bitcoin’s recent attempt to break its all-time high met with resistance, causing a brief dip in its price amidst ongoing market volatility. Meanwhile, Nishad Singh, a former FTX executive, avoided prison time after cooperating with investigators, shedding light on the collapsed crypto exchange’s operations. In other news, MicroStrategy, led by Michael Saylor, announced plans to raise $4.2 billion over the next three years, reinforcing its commitment to expanding Bitcoin holdings, a strategy the company has pursued aggressively since 2020.

Top Stories

  • Bitcoin retreats slightly after nearing its all-time high, reflecting cautious market sentiment.

  • Nishad Singh avoids prison following cooperation with authorities investigating FTX’s collapse.

  • MicroStrategy to raise $4.2B in continued efforts to expand its Bitcoin holdings over the next three years.

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TOP STORIES

Bitcoin Dips after Testing All-Time High - "The Defiant"

The global cryptocurrency market cap is down 1.6% to $2.52 trillion in the past 24 hours.

thedefiant.io/news/markets/bitcoin-dips-after-testing-all-time-high

FTX's Nishad Singh Gets No Prison Time for Role in Crypto Exchange Collapse

Singh, who was sentenced to time served, is the fourth FTX executive to be sentenced for his role in the fraud.

www.coindesk.com/policy/2024/10/30/ftxs-nishad-singh-gets-no-prison-time-for-role-in-crypto-exchange-collapse

Michael Saylor's MicroStrategy Plans to Raise $42B to Buy More Bitcoin Over Next 3 Years

The company reported its third quarter earnings results after the close of trading on Wednesday afternoon.

www.coindesk.com/business/2024/10/30/michael-saylors-microstrategy-plans-to-raise-42b-to-buy-more-bitcoin-over-next-3-years

FUNDRAISING

Privacy Blockchain Project Nillion Raises $25M to Expand 'Blind Computing'

Nillion builds its service around the concept of "blind computing," the processing of data without having to reveal its contents

www.coindesk.com/tech/2024/10/30/privacy-blockchain-project-nillion-raises-25m-to-expand-blind-computing

AI Data Collection Startup Sapien Raises $10.5M Seed Funding Led by Variant

The firm's founders, who have worked in the blockchain space for years, are using crypto to incentivize an army of people who can earn from labeling data for AI models.

www.coindesk.com/business/2024/10/30/ai-data-collection-startup-sapien-raises-105m-seed-funding-led-by-variant

OTHER HEADLINES

Coinbase Taps Visa for Faster Debit Crypto Purchases on Bankless

Coinbase is partnering with Visa to integrate Visa Direct into the exchange.

www.bankless.com/coinbase-taps-visa-for-faster-debit-crypto-purchases

Solayer Launches RWA-Backed Stablecoin, sUSD - "The Defiant"

The U.S Treasury Bill-backed stablecoin is the first RWA synthetic stablecoin.

thedefiant.io/news/defi/solayer-launches-rwa-backed-stablecoin-susd

Crypto Exchange Kraken Cuts Staff in Move to Be 'Leaner and Faster' - Decrypt

American crypto exchange Kraken has hired a new co-CEO, but also revealed layoffs in a move to become "leaner," the firm said.

decrypt.co/289210/crypto-exchange-kraken-cuts-staff

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