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California Governor Gavin Newsom has approved the Digital Financial Assets Law, which will put in place a specific framework of operations for all individuals and businesses participating in activities involving digital assets. Let’s find out more.

Bitcoin

With a backdrop of further Israeli attacks into Gaza, the supposed risk asset of cryptocurrencies is staging a rally.

The Bank of America has reported unrealized losses of $131.6 billion for Q3, hamstringing the bank from deploying its cash elsewhere.

Asset management company Blackrock’s CEO, Larry Fink, said that yesterday’s surge in Bitcoin and crypto was a flight into quality.

DeFi

Uniswap introduced a 0.15% swap fee for certain tokens within its web application and wallet, marking a shift from the platform’s previous no-fee structure.

The team behind Lido Finance will be sunsetting Solana staking after the community DAO voted in favor of the proposal, with over 90% choosing to discontinue Solana staking. 

DeFi protocol, Platypus Finance, is making significant progress in trying to recover the $2.23 million stolen in a recent flash loan exploit. 

Altcoins

A recent post-mortem of the 5-hour-long network outage that plagued the Aptos platform has identified the root cause as a performance-focused code change. 

With a series of support and resistance levels backed by key turning po

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Author: Amara Khatri

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