WSJ Publishes Cryptocurrency Misinformation

🚩 Chainalysis Debunks WSJ's Claim on Crypto Funding to Hamas

The Wall Street Journal made a significant error, overestimating crypto funds to Hamas by almost 99%. Politicians used this incorrect info to highlight crypto's potential national security threats.

Chainalysis revealed the mistake, showing only $450,000, not $82 million, was tied to terror-affiliated wallets. The need for accurate reporting is clear, especially when it influences policy and public perception.

Read more.

Fake News.

☕️ On today's Top Picks:

📰 Crypto News

• The Wall Street Journal (WSJ) publishes fake news article claiming $90 million worth of cryptocurrency was used to fund Hamas. Chainalysis pointed out that WSJ counted an exchange's volume as an address belonging to Hamas. WSJ figures were off by over 99%.

• Bitcoin developer Antoine Riard departs from Lightning Network’s development after disclosing a vulnerability in the Bitcoin Lightning Network. No verified attacks have used the vulnerability, but patches and mitigations have been put in place.

• Coinbase is confident a US Bitcoin ETF will be approved by the SEC soon. Coinbase Chief Legal Officer Paul Grewal attributed the recent US Court of Appeals ruling making it clear to the SEC that it could not reject applications on an arbitrary or capricious basis.

• Worldcoin Foundation announces Orb device operators will be paid in Worldcoin $WLD tokens instead of $USDC.

• Binance card services will no longer be offered in the EEA. Existing customers can continue using their cards until December 20th.

• Coinbase suspending trading for Crypterium ($CRPT), MXC ($MXC), Quantstamp ($QSP), Ren ($REN), and TE-FOOD ($TONE) on November 3rd at 1400 ET.

⚡ Alpha

• Celestia $TIA Mainnet potentially launching on October 31st. Celestia's GitHub repo contains a "Mainnet" milestone due by October 31st.

• Arbitrum Odyssey Reignited Week 3 will go live today.

• zkSync launches Guild role for Libertas Omnibus NFT holders. The role will give access to upcoming news, quests, loot drops, and more.

• GRVT, a hybrid derivatives exchange; will launch as zkSync’s first hyperchain. A zkSync hyperchain is a custom blockchain that will run as a Layer 3 Validium in the zkSync ecosystem.

• Linea teases Linea Voyage campaign which is set to launch in November.

🪂 Airdrops

• Infura's token may be on the horizon after an Infura blog post details their approach to a decentralized RPC.

📰 Finance News

• US President Biden asks Congress for nearly $106 billion for Ukraine, Israel, and US border security.

• US Judge approves Deutsche Bank $75 million settlement with victims of Jeffrey Epstein.

• Chevron to buy Hess Corp, a rival oil business; for $53 billion.

🛡 Security and Exploits

• Galxe repays $466,296 to affected users of recent Galxe hack. The funds included an additional 10% from Galxe as a gesture of Galxe's commitment to the community and good faith.

• Friend tech launches bug bounty program with rewards up to $1 million.

Token Unlocks

• Acala $ACA - 4.66M ~$222K on OCT 24

• Euler $EUL - 145.59K ~$393K on OCT 25

• Galxe $GAL - 586.67K ~$692K on OCT 27

• Yield Guild Games $YGG - 12.58M ~$2.98M on OCT 27

• SingularityNET $AGIX - 9.53M ~$1.72M on OCT 27

• Optimism $OP - 24.16M ~$31.89M on OCT 29

💰 Funding

• Blockaid, a Web3 security firm; raises $33 million in funding.

🌾 The Degen Farmer

Top stablecoin yield farms of the day, more than $1,000,000 in TVL. DYOR and beat the fed!

That's it for today's dose! See you soon.