Daily Crypto NewsEDITION #1084, 31 October

The YouTuber fooled everyone once again

Today is Halloween, “All Saints’ Day.” It’s celebrated in the U.S. and many other countries.

People dress up as all kinds of spooky things: zombies, witches, ghosts, and so on.

Luckily for us in crypto, we don’t need any costumes. We look monstrous enough without them.

Now, let’s get down to the important stuff, because we value your time. After all, time is Moni.

What’s up? 

In 5 days, there are elections in the U.S.! Overall, they’re not expected to have much impact.

If Harris wins, there might be a minor dip, but nothing too dramatic. Big investors have already adapted to the macro climate Democrats have been shaping for the past four years, so the big money has factored this scenario into their investments.

If Trump wins, there might also be a slight dip due to the “sell-the-news” event.

In short, the elections are a lot of hype, but not as crucial as, say, Fed rate hikes or geopolitical issues (wars, etc.).

We think both candidates will try to rein in crypto: one openly says so, and the other plays to investor sentiment. But the U.S. doesn’t like things that don’t follow its rules. As a global hegemon, it’ll keep pushing to regulate crypto.

Given this backdrop, we see potential growth for the DeFi and BTC ecosystems as ways to escape the regulatory grip.

Hot Topic: The internet is buzzing! They’re talking about MrBeast.

Allegedly, he promoted various coins and was involved in insider trading and pump-and-dump schemes.

No official charges are out. All we have are some reports from researchers, claiming MrBeast made $23 million.

Wow, who would’ve thought that a YouTuber actually wants to make money instead of just making us happy! Groundbreaking news.

You can read the details here.

More Key News:

– They say 1inch’s frontend was hacked. The smart contract seems fine, and the frontend appears to be fixed. Either way, clear your cache if you recently used 1inch.

– Russia may soon ban mining in certain regions, likely including:

  - The South

  - Far East

  - Southwestern Siberia

– Canary has filed an application for a Solana ETF. Canary was founded by a former co-founder of Valkyrie.