Morning Post - October 31

headlines

▌The market value of Dogecoin returns to above 15 billion US dollars

According to the latest data from Coingecko, the market capitalization of Dogecoin (DOGE) has rebounded above $15 billion, reaching $15,735,458,539 at the time of writing, the highest record since May 2022. In addition, the current price of DOGE has reached $0.115237, an increase of 92.9% in the past 7 days.

Blockchain application

▌Thailand and Hungary cooperate to promote blockchain technology in the financial sector

Jinse Finance reported that the Thai Fintech Association and the Hungarian Blockchain Alliance signed a memorandum of understanding to promote blockchain technology in the financial sector. Chonladet Khemarattana, president of the Thai Financial Technology Association, pointed out that with the increase in the number of cryptocurrency holders, digital financial services such as e-commerce, mobile payment and digital currency have developed rapidly in Thailand. He believes that the further development of financial technology requires international cooperation.

cryptocurrency

▌Report: Ukraine, Indonesia, and Russia saw the fastest growth in cryptocurrency adoption in Q3

Recent findings from DappRadar show that cryptocurrency adoption is surging despite bear markets and uncertainty surrounding asset prices. The survey results show that Ukraine, Indonesia and Russia have seen the fastest growth in adoption, with increases of 143.17%, 115.59% and 88.28% respectively. The United States maintained its position as the largest cryptocurrency market, and India overtook Russia with a growth of 10.40%, dropping from the second position, which was ranked fourth. Indonesia moved up from fifth to third place with a traffic surge of 115.59%. Ukraine moved up to fifth place with a 143.7% increase, while the UK dropped to sixth place with a 6.40% drop. Nigeria rose 12.52 percent to rank seventh; the Philippines fell 9.78 percent to rank eighth. Despite maintaining its ninth position, Vietnam saw the biggest drop, falling 49.30% during the quarter. Germany and Brazil followed with a decrease of 3.38% and an increase of 16.60% respectively. (cryptopotato)

▌Source: SBF may cash out $100 million from Musk’s Twitter acquisition

FTX CEO Sam Bankman-Fried owns a $50 million to $100 million stake in Twitter, one source said. SBF had planned to participate in Musk's acquisition of Twitter, but ultimately did not invest. The exchange executive owned about $50 million to $100 million worth of stock in the social media giant before closing the acquisition on Thursday. Musk paid $44 billion to take Twitter private, giving SBF a stake of about 0.1% to 0.2%. SBF may cash out up to $100 million from Elon Musk's acquisition of Twitter. FTX declined to comment, and Twitter did not respond to a request for comment.

▌The number of Bitcoin millionaires fell by 70% in the first three quarters of this year

According to data compiled by Finbold, due to the bear market, the number of Bitcoin millionaires fell by 70.23% in the first three quarters of 2022, with the total number of Bitcoin millionaires as low as 29,497 as of September 28, 2022. According to statistics provided by BitInfoCharts.com, 25,395 different addresses had Bitcoin balances above $1 million, and at the end of the third quarter, another 4,102 addresses had a combined Bitcoin balance of approximately $10 million or more.

▌Musk asked the Twitter Blue service to increase the verification user function to help solve the robot account problem

According to news on October 31, Musk requested that the Twitter Blue service increase the user verification function, and increase the price from the current $4.99 to $19.99. Musk believes that this change will help Twitter solve the robot account problem, and he asked Twitter employees to launch the feature by November 7. Note: Twitter Blue (Twitter Blue) is a paid subscription service of Twitter, which provides a series of advanced features, and users can bookmark their favorite tweets and classify them. The color and name of the favorites can be customized by the user, and it supports adding the same content to multiple favorites.