October 2023 Cryptocurrency News Roundup

By: Eva Baxter

1. Cryptocurrency Market Faces Turbulence with Major Liquidations

The crypto market saw sharp declines in digital assets like Bitcoin and Ethereum, leading to $800 million in liquidations. A Chainlink malfunction further exacerbated the situation, impacting platforms like Euler Finance.

2. Bitcoin’s Role in Political and Corporate Strategies Expands

At a Bitcoin conference in Las Vegas, Pakistan announced government-led Bitcoin reserves. Similarly, the UK aims to reduce crypto taxes, suggesting its potential inclusion in the Bank of England's reserves (Read More).

3. Ethereum and Solana Staking ETFs Prepare for US Market Launch

REX Shares is poised to launch innovative staking ETFs for Ethereum and Solana, marking a major step in integrating crypto-assets with traditional finance (Learn More).

4. SharpLink Gaming Plans Massive Ethereum Purchase

The US-based sports betting platform plans to buy Ethereum worth up to $1 billion, indicating a strategic pivot towards crypto asset accumulation (Details Here).

5. Bitcoin Conference Highlights Technological and Policy Innovations

Technological advancements in transaction efficiency and Bitcoin reserves as treasury assets took center stage at the Las Vegas event, sparking discussions about maintaining Bitcoin’s decentralization (More Information).