As a journalist who has observed and lived under proper editorial regimes where sales teams are separate from editorial, I can tell you that allegations of catering to advertisers are almost always off-base. But, as Jeff Bezos himself writes, saying as much matters little if the readers or the audience still believes an outlet is biased. That is, there really isn’t a good way to refute allegations of bias. Unfortunately for Jeff Bezos, he’s learning that now. Source
Category: ICO
CoinDesk 20 Performance Update: UNI Gains 5% as Index Rises from Thursday
Render joined Uniswap as a top performer, gaining 2.6%. Source
Bridge, Which Is Being Bought by Stripe for $1.1B, Acquires Web3 Infrastructure Platform Triangle
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Bitcoin’s Drop on Thursday Spurred Short-Term Holders to Sell BTC at a Loss: Van Straten
The panic selling was the most since Aug. 5’s yen carry trade unwind. Short-term holders — investors who have held bitcoin for less than 155 days — tend to panic and sell when the price drops, and buy when there is euphoria or greed in the market. In total, they sent over 54,000 BTC to exchanges on Thursday, the highest amount since Mar. 27. Source
Kamala Harris Odds Rise on Polymarket as ‘Election Fraud’ Allegations Ramp Up Donald Trump Hedge Bets
Harris’ odds have risen to almost 39% from 33% on Oct. 30. Trump’s odds dropped in tandem, suggestive of lower expectations of him winning, though at 61%, he’s still the preferred candidate. Some market watchers attributed Friday’s crypto market slide to Trump’s slump on Polymarket: The CoinDesk 20 Index (CD20) has dropped 4.4% in the past 24 hours. Source
dYdX’s D’Haussy Says DeFi to Have ‘Walled Garden’ Moment as Internet of Money Matures
“The internet, in my opinion, is becoming the split internet, with walled gardens…People don’t go to web explorers; they go into apps,” he said in an interview with CoinDesk. “The internet’s evolution into silos shows a massive change in how web products are distributed, and DeFi needs to follow users into these spaces.” Source
Crypto Fear and Greed Index Flashes ‘Extreme Greed’ as BTC Price Drop Leads to $250M in Bullish Liquidations
Nearly 90% of all futures bets were bullish, or expecting higher prices over the weekend ahead of the U.S. elections on November 5. Market conditions in the past few weeks, including global monetary policies and U.S. political support, indicated a continued bullish trend, with some traders targeting $80,000 for BTC in the coming weeks. Source
Web3 Gaming Firm Immutable Served Wells Notice by SEC, IMX Plunges 14%
“With this action, the SEC is continuing to indiscriminately assert that tokens are securities. While not specified in the notice, we believe its claims are targeting the listing and private sales of IMX in 2021,” Immutable said, referencing a blog post about a pre-launch private purchase of Immutable’s token IMX by Huobi Ventures Blockchain Fund. Source
Florida’s $800M Crypto Portfolio Could Expand Under a Trump Presidency, CFO Jimmy Patronis Tells CNBC
Florida already holds about $800 million in crypto-related investments in its portfolio, but the state’s Chief Financial Officer Jimmy Patronis said he would “not be shocked to be able to see that growing under a Trump administration in the near future.” Source
Justin Sun Wants More TradFi on Tron, Dogs Over Cats for Memecoins
For Binance, you need to prepare for about half a year just to get listed. The main tokens listed there are VC-backed, and their performance has been disappointing, often declining by 50% or more. If you bought a VC-backed coin at launch on Binance, you probably lost a lot of your investment. Source