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FTX Partners with Visa, BNB Chain Suffers from Exploitation and Elon Musk Returns to $44 Billion Twitter Deal: Hodler’s Digest, Oct 2-8




Coming every Saturday Hodler’s Digest It will help you keep track of every important news that happened this week. Best (and worst) quotes, top adoption and regulation, leading currencies, forecasts and much more – a week on Cointelegraph in one link.

This week’s top news

It looks like Musk’s Twitter deal will go with the original price of $44 billion

Elon Musk is back on the right track to buy Twitter. The billionaire originally decided to buy back the social network in April 2022, and settled on a price tag of about $44 billion. He later tried to cancel the agreement, claiming insufficient transparency from Twitter regarding the company’s financial health as well as the fake account and the spread of spam on the platform. Musk now plans to complete the original $44 billion deal, according to a legal filing.

EU regulators ban cross-border payments from Russian crypto accounts

In light of the recent escalation in the Ukraine-Russia war, the European Union has banned encryption activity between member regions and Russia, no matter how small the deal. The ban includes “all crypto-asset wallets, accounts or custodians, regardless of wallet size,” according to a statement issued by the European Commission on October 6. On the other hand, Russia has taken the opposite stance, evident in its approval of cross-border crypto activity in recent weeks.

Read also


Get Your Money Back: The Strange World of Crypto Litigation


Wall Street disaster expert Bill Noble: A crypto spring is inevitable

SWIFT says it has reached a ‘breakthrough’ in recent CBDC trials

The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a major tool in the global payments system, has revealed a successful test of central bank digital currencies (CBDCs). In short, the test demonstrated the interoperability between CBDCs globally. “For central bank digital currencies, our solution will enable central banks to simply and directly connect their own networks to all other payment systems in the world through a single gateway,” Tom Schach, chief innovation officer at Swift, said in a statement on October 5. Another SWIFT test concerns tokenized assets.

The Middle East and North Africa is the fastest growing crypto market: data

The Middle East and North Africa region, otherwise known as the Middle East and North Africa region, had the fastest growth in cryptocurrencies in the past year. Between July 2021 and June 2022, the region’s crypto transaction volume reached $566 billion, a 48% increase over the previous year, according to a Chainalysis report. The use of cryptocurrencies in the MENA region ranged from capital preservation and remittance payments to institutional activity. Latin America ranked second in terms of growth with 40%, and North America ranked third with 36%.

FTX and Visa partner to allow crypto payments in 40 countries

Cryptocurrency exchange FTX has unveiled its collaboration with Visa to produce a physical debit card. Launching such a card has been a long-standing goal of FTX CEO Sam Bankman-Fried. The FTX Visa card is said to be available in 40 countries. The card’s website states that the card is also free.

Winners and losers

At the end of the week, Bitcoin (BTC) in 19604 dollarsether (ETH) in 1336 USD And the XRP in 0.49 USD. Total market value at $947.07 Billion , according to To CoinMarketCap.

Among the top 100 cryptocurrencies, Casper was the top three gainers of the week (CSPR) By 20%, Elrond (Egypt) With 12.98% and Convex Finance (CVX) by 12.44%.


The 3 biggest losers in altcoins this week are UNUS SED LEO (LEO) By -11.93%, Chile’s (CHZ) By -9.04% and Lido DAO (I am doing) by -8.06%.

For more information on crypto prices, be sure to read Cointelegraph Market Analysis.

Read also


Get Your Money Back: The Strange World of Crypto Litigation


Wall Street disaster expert Bill Noble: A crypto spring is inevitable


Most unforgettable quotes

A year ago, no one asked me questions about bankruptcy. A year ago, everyone was asking me questions about DeFi and things like that.

Diogo Monicapresident and co-founder of Anchorage Digital

“NFT can give you the technical ability to take ownership of game assets outside the control of the game publisher.

Alex DenmoCEO of the Ninja Guild

“This recession is in its infancy, and a smarter game is to allow the Fed’s monetary policy shifts to affect and save capital.

Richard GardnerCEO of Modulus

“As it stands, having digital art is still relatively foreign to most people, and it’s a cool concept at most.

Ted MoyCEO of Kuma Games

“All financial goods will move over the blockchain networks in the future.

Matthew HoganChief Investment Officer at Bitwise Asset Management


“This is our mission: not to create a world with Bitcoin or Ethereum, or not to create this world – just to understand what is happening, and to create a system where […] Make sure people have good resources to understand what’s going on.”

Curtis LoftisTreasurer, South Carolina, USA

Predicting the week

A tumbling stock market can create profitable opportunities for bitcoin traders

Bitcoin posted another week of largely range bound price action, trading between $19,000 and $20,500 for the most part, according to Cointelegraph’s BTC Price Index.

Marcel Beichmann, Cointelegraph analyst, explained the potential importance of expected third-quarter earnings announcements in October from major companies such as Tesla and Apple. If the announcements are negative, it could lead to a drop in the price of BTC if the asset remains related to the major markets. In turn, the scarcity of bitcoin may attract investors if inflation problems persist.

FUD of the week

Kim Kardashian Pays SEC $1.26 Million to Settle EthereumMax Fee

Kim Kardashian is facing legal action from the US Securities and Exchange Commission (SEC) for not disclosing one of her Instagram posts as sponsored, according to the regulator. The celebrity has accepted $250,000 for publishing a promotional post about the EthereumMax (EMAX) crypto project on her Instagram account. The law would cost Kardashian a total of $1.26 million in fines, which she agreed to pay although the charges were neither confirmed nor denied.

BNB Chain is back online after being suspended due to a cross-chain exploit

BNB Chain has been paused this week to combat a cross-chain attack related to the BSC Token Hub bridge. According to an October 6 tweet from Binance CEO Changpeng Zhao, the vulnerability “has led to an increase in BNB.” Although the chain was able to freeze $7 million, it is estimated that between $70 and $80 million was stolen, down from the previous estimate of $100 million. BNB Chain successfully resumed its activity on October 7.

South Korean judge rejects arrest warrant for individual involved in Tira collapse: report

An extensive search for members of the Terra team led to his first arrest: Terraform Labs business team leader, Yoo Mo Kan Taken to booking by the South Korean police. A judge of the South Seoul District Court dismissed the arrest warrant shortly after, and cast doubt on the regulatory claims of the charges, despite Mo was not allowed to leave South Korea. Cryptocurrency project Terra collapsed in a strange way earlier in 2022. Project leader Do Kwon is still at large.


Cointelegraph’s Best Features

Wall Street disaster expert Bill Noble: A crypto spring is inevitable

“It increases by 10% or 10% every day. I don’t have to wait five years between crises. In fact, I only have to wait about 45 minutes.”

What is left in the NFT market now that the dust has settled?

From profile pictures to celebrity endorsements, the NFT space has changed a lot since the market boom in 2021.

Federal regulator prepares to pass judgment on Ethereum

The Securities and Exchange Commission is moving to take action against Ethereum that goes beyond US borders.

Editorial Board

Cointelegraph writers and reporters contributed to this article.

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Solana price drops below $14 – bleak week for the ecosystem?




In the previous month, Solana (SOL) failed to make headway as the token fell victim to the market Contagion Caused by the collapse of the cryptocurrency exchange FTX.

As of this writing, all indications of the original Solana code’s time horizon SOL is red.

  • Since succumbing to the market infection, Solana has continued to bleed
  • Using bearish gauges and technical indicators, we might expect a more negative outlook.

The SOL token and ecosystem are not looking good on other indicators. By LunarCrush data, Both mentions and interactions on social media go down.

Messari adds that the asset’s unattractive volatility and low returns make it less attractive to investors and traders.

What will happen to SOL now that its price has fallen below $14? Will you withdraw from the darkness or will you sink much less?


Solana price trajectory: below target

The coin was trading around $13.5314, which is well below the upside target of $14 and $15. Recent weeks have seen SOL bulls targeting this level.

It all starts on the 15th of November when the bulls try to reach $15 but they fail.

After these attempts, the price dropped below $14, where it has been since. Due to bearish technical indicators, this is unlikely to happen sol It will cross the barrier level of $14 or $15.

On a four-hour time scale, the relative strength index (RSI) values ​​for the token are neutral and decreasing. SOL’s downtrend is supported by its MFI, which is also declining.

Although the token’s Bollinger band is rather wide, its moving average is acting as resistance at $13.8150.


Despite this, a positive price pullback may still be warranted, as the previous price movements were in sync with a bullish harmonic XABCD pattern.

If momentum permits, the price pullback target is $14 with a potential target of $15.

However, with the negative technical indicators, the bulls can count on the $13.3081 support to help maintain the sideways momentum and as a potential rally point.

SOL Bears are everywhere

Although the support was resilient against previous bear attacks, a breach of the $13.3081 support could send the price below $13.0951. In general, SOL will not rebound in the near future.

There is a higher probability of a negative breakout in SOL, so investors and traders should tread carefully.


SOL total market cap at $4.6 billion on the daily chart | Featured image: Freerange Stock, Chart:

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Bitcoin takes liquidity near $17K as the US dollar shows weakness ahead of the CPI




bitcoin (BTC) below $17,000 at the Wall Street open on December 8 as the US dollar threatened further weakness.

BTC/USD 1-hour candlestick chart (Bitstamp). Source: TradingView

Dollar falls as stocks see a modest rally

information from Cointelegraph Markets Pro And the TradingView Show BTC/USD practically stable over the 24-hour period as of the time of writing.

With the lack of macro signals, analysts are eyeing a possible collapse in US dollar strength as a catalyst for the next volatility of crypto and risk assets.

The US Dollar Index (DXY) looked ready to challenge multi-day support, falling below 105 several times on the day.

“$DXY is the first time below the 100-day moving average since June of 21,” Joe Cariasare, co-host of the Inside Bitcoin podcast, said. pointed out.

US Dollar Index (DXY) candlestick chart. Source: TradingView

Trader and analyst Pierre added that both the DXY and the S&P 500 may trade sideways until the November Consumer Price Index (CPI) comes out on December 13th.

The event, as Cointelegraph mentionedis a classic catalyst for temporary volatility.


“Meanwhile, SPX and DXY are still hovering around their own D1 200 EMA,” Chart Comments read.

“DXY is flipping its resistance so far, while SPX is sitting at the uptrend of D1, which is an important level to defend. They both look as if all they want is more and more pieces until next week’s CPI.”

In BTC/USD, popular trader Daan Crypto Trades predicted that the trading range would expand with liquidity absorbing both above and below the site.

“$BTC is in a very tight range here with tons of untapped highs and lows,” he said Tell Twitter followers.

“I think all of these levels will be cleared out and the initial move will likely become fake just to pull back and take the other side. It will definitely be a classic Bitcoin move.”
Annotated BTC/USD chart. Source: Daan Crypto Trades / Twitter

The “End Phase” of the Bitcoin Bear Market?

Another modest tailwind came from US stocks during first hour trading on Wall Street.

Related: GBTC Elevator to Hell Sees Bitcoin Spot Price Close to 100% Premium

The S&P 500 is up 1% at the time of writing, while the Nasdaq Composite is up 1.2%. The move went some way to copying a restful day in Asia, as trading ended up in Hong Kong’s Hang Seng Index up 3.4%.

However, looking at the longer time frames, the picture remained bearish for bitcoin for many.


The famous commentator Byzantine General went on record to announce the potential start of the darkest bear market phase in 2022.

“Birps volume is in a strong downtrend now. Market shrinkage, speculators are capitulating,” he said Wrotereferring to the perpetual futures markets.

“It is possible that we are entering the final stage of the bear. But that last stage can continue for a long time.”

information from Coinglass In addition, open interest in futures contracts continues to decline.

Bitcoin futures open interest chart. Source: Coinglass

The views, ideas and opinions expressed herein are those of the authors alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.