Crypto Market Readies Itself For U.S. Election Results

As multiple reports suggest, based on pollster numbers, that Republicans could gain a majority in the houses. With Biden leading for at least two more years, the government and Congress could remain partisan on virtual asset legislation.

Ethereum Buying Activity Update

On chain data suggests that all categories of Ethereum (ETH) holders are trying to accumulate and capitalize on the buy the dip trend. It remains to be seen how the FTX Binance drama could affect Ethereum buying activity.

Coinbase Germany Warned

Germany’s Federal Financial Supervisory Authority (BaFin) ordered Coinbase’s unit in Germany to ensure proper business organization. The authorities said they found violations in requirements for proper business organization.

XRP Lawyer Drops Advice Over LBRY Ruling

A new dispute has emerged among the Crypto community over the summary judgment US SEC vs LBRY lawsuit. It is suggested that the SEC can use this major win as a weapon of argument in US SEC vs Ripple.

Dogecoin Creator & ADA Founder Makes Peace

After a brief fierce argument, Dogecoin Creator and Charles Hoskinson make a truce. Billy Markus, tweeted to Charles, “I do have respect for all those who are contributing to making crypto more useful and scale better”.

We still hold LUNC, Reveals Binance CEO

Binance CEO, Changpeng Zhao mentioned, “We still hold LUNA (now LUNC) today”. This was in a reply to a Twitter user named DB’s tweet, “Sounds like you want Alameda to buy $580m of BNB and then do a swap for the FTT?”.

OKX Founder's Drops View On Binance and FTX

Star Xu, Founder of OKX suggested that if unfortunately, FTX becomes another LUNA then no one in the industry can benefit from the accident including Binance. Both customers and regulators will lose some confidence in the whole industry.

BitDAO Community Might Dump 3.3 Mln FTX

Ben Zhou, the co-founder of crypto exchange Bybit, believes that Alameda Research dumped BIT tokens and breached the commitment to avoid selling each other tokens for at least 3 years. Its native token BitDAO (BIT) plummeted 20% on Tuesday.

Twitter Usage At All-Time High, Claims Elon Musk

Elon Musk claims that Twitter usage is at an all-time high. Acting as sole Twitter director, the tech billionaire has rolled out several changes on the platform.

According to the Business Insider’s report, daily downloads of Twitter and daily average usage have both surged since Musk’s takeover.

FTX Token (FTT) Price Down By 30%

FTX token price has dropped by a whopping 30% over the past 24 hours. FTT is trading at an average price of $15.68, at the press time. Its 24 hour trading vol is up by 83% to stand at $1.196 billion. FTX Chief SBF and Binance CEO, CZ had an online clash on Monday which has led to increased uncertainty in the market.

Crypto Market Losses $1 Trillion Mark

The cumulative crypto market cap dropped by more than 6.14% over the last day. It has dropped below the crucial $1 trillion mark to stand at $972.5 billion.