Daily Crypto NewsEDITION #628, 08 November 2022

CZ vs SAM once again…gonna crash the market

Hey Moni Maker 🔫

Today, in 1984, the “Civil Defense” musician group appeared in the USSR. You know, it was a kind of protest. Its leader Egor Letov made the most hyped song in his career named “Everything is going attending to the plan”, which meant the soviet plan of “Perestoika”. Btw, it was ironic. 

Long story short, this song can also be used in the crypto space. Why? Because everything is going according to the plan too…but who made this plan? Regulators? True Degens? Satoshi? The answer will disappoint you. Also, we must continue watching your Sam Vs CZ show to survive and save the left crypto in our wallets. 

Let’s go! 

Yesterday we watched how one big guy tries to outplay another one. Today we continue to watch the same show, but some new tools appeared in the crypto market crash machine. 

What’s new: 

– Apparently, FTX sold 100 million $BIT. Btw, $BIT is BitDAO’s token, so the community met such market movers, not in a good way. The guys asked Alameda to send these coins to a particular wallet for holding checking. Otherwise, they will leave $FTT tokens in someone’s pool just by selling them. Meh, they promised to keep each other's tokens until 2024…

– $FTT is falling. -22% for 24h. As they report, Binance forbade $FTT shorting.

– The OKG founder asks big boys to stop cause nobody would win this war. So yes, the new “LUNA” case in the face of $FTT would kill the loyalty of significant players and regulators to the community for a long time, maybe forever. 

– The Aptos Token, aka $APT, is hitting rock bottom too. 

So much FUD and misunderstanding around; we can not keep you updated with everything. But! 

WAGMI — is an acronym for “we all gonna make it”. It is usually used in a situations when there’s a hope for market or coins to rise, or when there’s a lot of good news coming about the market.

And more you can find in our Glossary!  

– The SEC indicted the creator of a cryptocurrency Ponzi scheme that managed to defraud users of $295 million

– Meta prepares for massive layoffs as interest in meta universes dwindles

– OpenSea launches royalty enforcement tool

– Vitalik Buterin reveals new stage in Ethereum roadmap: The Scourge

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