Crypto Pulse #30 - Tesla holding BTC despite bear market. Friday, 21st Oct 2022 | Powered by GenShards.
21 Oct 2022, 13:32
Crypto Pulse #30 - Tesla holding BTC despite bear market 💰
Friday, 21st Oct 2022 | Powered by GenShards
🌎 Here's all you need to know about what's been up in the Web3-sphere lately
👉 Read the issue | 🐧 Read tweet thread |👇You can also find some highlights below
⛰Macro Landscape
📌 Tesla in its Q3 report has revealed that it's still holding Bitcoin worth $200M+ in spite of the bear market (source)
📌 The DeFi community on Twitter has criticized billionaire and FTX CEO Sam Bankman-Fried’s (SBF) ideas regarding regulations (source)
📌 Investment giant Fidelity (managing $4.5T) has announced plans to offer institutional users access to Ethereum (ETH) as an investable asset (source)
📈 Markets and Ecosystem
📌 Ethereum (ETH) whale investors have continued to accumulate the coin in a big way. Since Sept. 11, ETH whale holdings increased by $4.5 billion, as per Santiment (source)
📌 Around $1billion in BTC has moved off the Coinbase exchange - leading to speculation that a "whale" may be accumulating the coin (source)
📌 Despite the bear market, BTC's market cap has crossed that of major institutional stocks such as JP Morgan and Bank of America (source)
🀄️ NFTs, Metaverse & Gaming
📌 Indian e-commerce giant Flipkart has partnered with Polygon-incubated organization eDAO to launch a virtual shopping world in the Metaverse (source)
📌 Kharkiv Art Museum has announced that it has released an NFT collection with the purpose of saving the cultural heritage of Ukraine (source)
📌 British actor Sir Anthony Hopkins has sold out his first NFT collection, dubbed The Eternal Collection, within 10 minutes (source)
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Next issue drops Tuesday - stay tuned ! 📺
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