Here's your Monday industry catch-up 📰

Crypto & Blockchain Update: October 28 - November 3

📈Market Highlights

- Bitcoin is up by 0.26% over last 7 days, currently at $68,639; however it hit its highest price during Halloween ever (over $72,000 on October 31)
- Ethereum is down 2% in last 7 days, currently at $2,462
- Last week’s top 3 gainers were SUI (+8.5%), MKR (+5.2%), and DOGE (4.9%); while top 3 losers over the past 7 days were $IMX (-19%), STX (-18%), and BEAM (-16%)
- Crypto Fear & Greed Index is at 53 Neutral today
- NFT sales increased by 18% in October compared to previous month, breaking a 7 month downtrend, with Mythos Chain based NFT collection DMarket leading in sales volume

📃Regulatory Updates

- SEC issued Wells notice to Ethereum gaming firm Immutable, potentially regarding $IMX token sales from 2021, causing the $IMX price to fall
- 21Shares has filed S-1 with SEC for XRP ETF, joining other asset managers like Bitwise
- NFT developers who created Solana projects Undead Apes and Undead Lady Apes plead guilty to $400,000 rug pull, laundering and wire fraud

🎮Blockchain Gaming

- Telegram tap-to-earn game W-Coin reveals token launch and airdrop on TON in December with 70% of supply allocation to players
- Pudgy Penguins to launch mobile game Pudgy Party on iOS and Android in 2025
- HMSTR token drops to new lows as second season has not yet been launched
- Ethereum card battler Parallel announces $250,000 esports championship in Las Vegas

🛡️Crypto security

- Crypto losses from hacks and exploits totalled $129.6M in October, according to CertiK
- M2 crypto exchange hacked with a loss of over $13M in $BTC, $ETH, SOL from hot wallets
- Wiz Khalifa’s X account hacked to promote a scam memecoin on Solana network
- Online casino MetaWin exploited and $4M in funds drained from hot wallets
- Colorado resident fell victim to a crypto scam in which fraudsters were posing as law enforcement officials, losing $6000 in Bitcoin

🗞️Miscellaneous

- Kraken restructures with 15% layoffs and a new co-CEO Arjun Sethi
- Alibaba cuts staff from its metaverse division amid restructuring
- OpenAI launches ChatGPT Search, which allows people to search the web based on their questions
- AI avatars conducting interviews to screen potential candidates
- Mt Gox moves $35M in Bitcoin to cold storage after announcing repayments postponement to October 2025
- Reddit sold majority of its crypto holdings (mainly $BTC and $ETH) during Q3 before the market pump
- Coinbase shares drop after falling short of revenue expectations in Q3, announced a $1B share repurchasing program

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Have a successful new week ahead!🤝