Daily Dispatch
Posts
Uptober? Nopetober 🎢

Uptober? Nopetober 🎢

October kicked off with mass liquidations as Bitcoin dropped sharply on rising tensions in the Middle East.

Stephen Graves
October 01, 2024

IN PARTNERSHIP WITH

📝 What you need to know

“Uptober" kicked off with something of a damp squib, as the price of Bitcoin dropped sharply Tuesday morning, plunging to lows just above $62,000.

Historically, October has seen crypto prices rise alongside stocks and crypto, but amid rising tensions in the Middle East, and the start of China’s holiday season, the start of the month has seen prices pull back from September’s highs.

A slew of macroeconomic events are set to come this week, including the U.S. vice-presidential debate and the U.S. initial jobless claims report—so the crypto market could be facing some spooky season volatility in the coming days.

Bitcoin Price Drops Sharply as 'Uptober' Begins With Mass Liquidations and Middle East Tensions

October is historically a good month for Bitcoin's price, but the biggest digital asset today started with a sharp dip in price.

Why Tornado Cash Co-Founder Roman Storm’s Free Speech Defense Was Rejected in Court

A U.S. district judge ruled that the First Amendment didn't warrant tossing charges around sanctioned Ethereum coin mixer, Tornado Cash.

Metaplanet Adds $6.6 Million in Bitcoin to Its Corporate Treasury -

Japanese firm Metaplanet announced that it's added another $6.9 million worth of Bitcoin to its BTC corporate holdings.

Why Crypto Exchange Fastex is Embracing ‘Non-Standard Thinking’: CEO

Fastex CEO Vakhtang Abrahamyan joined Rug Radio at Token2049 for a wide-ranging discussion covering regulation and innovation.

From Our Partner

Galaxis's goal is to empower individuals to build an unstoppable community that’s truly their own, freeing them from third-party control. With a no-code platform, users can monetize their creativity, protect their digital spaces from deplatforming, and achieve true digital sovereignty.

Discover the cutting-edge infrastructure behind the iconic Trump NFTs! Explore how our technology powers the future of digital collectibles and stay ahead of the curve.

Learn more

😂 Meme of the Day

Source: Reddit

🌐 From Our Hubs

🎮️ GG: Biggest Crypto Gaming Tokens Launched in 2024—So Far - Decrypt

Hamster Kombat's massive Telegram airdrop just happened. Find out where it landed amid this year's biggest gaming token launches.

🤖 EMERGE: Apple and Starlink 'Literally Saving Lives' During Hurricane Helene Crisis

Starlink and Apple’s satellite services restored communication in hard-hit areas post-Hurricane Helene while thousands remained without power.

🎭️ SCENE: CryptoPunks Keep Hold on Luxury World as Other Degen Brands Fade

Pieces from a new CryptoPunk-inspired hoodie collection by tech-focused luxury brand mmERCH, created in collaboration with Swarovski, went up for auction at Christie’s this week.

📚 Dive Deeper

🎥 WATCH: Binance CEO Richard Teng Talks Progress on Exchange's Global Regulatory Goals

Binance CEO Richard Teng talked the crypto exchange's progress on establishing a global headquarters, improving its relationships with regulators, and expanding its global presence in the wake of founder Changpeng "CZ" Zhao's jailing in the U.S.

🎓️ LEARN: What Are Coin Mixers and How Do They Work?

Coin mixers like Tornado Cash have faced sanctions for aiding money laundering, but advocates argue they have legitimate use cases.