BlockBeat: A Bitcoin Revolt
Here's what happened in the world of Web3 over the past week.
Latest
Ledger Pulls Devices From Asian Markets Over Spy Implant as Trezor Cuts Resellers
An implant that read recovery phrases off the screen and sent them out over LTE has been linked to more than $86 million in suspected thefts, and a second tampered device has now surfaced in Singapore.
US Inflation Rises to 3.7% as Gasoline Surges, Putting an October Fed Hike in Play
Headline and core CPI both came in a tenth above forecasts, and Bitcoin slipped below $82,000 as traders raised the odds of a second consecutive rate increase at the Fed's Oct. 27–28 meeting.
Bitcoin Rose 43% in Q3 – Crypto Venture Funding Did Not Follow
Tiger Research's Q3 data shows the rebound's capital went into tokens and ETFs, while the money that did reach crypto companies came increasingly from exchanges, lenders and public markets instead of the lead VCs that set terms in past cycles.
BNY, Citadel Securities Run Tokenized Treasury Through Triparty Repo
The trade settled a two-year note within minutes and pledged it as overnight collateral, a test of whether tokenization can shorten the gap between buying a bond and financing it.