😲Fake News Triggers $150M In Crypto Liquidations

GM Defiers!

Traders are still coming to grips with yesterday's Bitcoin price action, when BTC rocketed 10% in an hour before giving back most of its gains in response to fake news claiming BlackRock's spot Bitcoin ETF had been approved. Data from Coinglass shows that more than $155M worth of crypto positions were liquidated amid the volatility.

Uniswap Labs started charging a 0.15% swap fee on select trades executed through its front-end. The affected assets include ETH, WBTC, and various stablecoins.

Lido governance voted for the project to cease offering liquid staking services for Solana. Lido's development team for Solana estimated the project has lost nearly $500,000 due to operating expenses on the network.

In other staking news, Ethereum's validator waitlists are now empty. The milestone means demand from new validators is not exceeding the current churn-rate, and existing validators plan to continue staking.

Blur's second airdrop campaign will come to a close on Nov. 20. Plus, Blur's community is calling for the NFT marketplace to implement a 1% fee on trades to purchase and burn its native token.

Scroll's debut week fell short of expectations, with users bridging less than $1M worth of assets onto the Layer 2 network. The launch follows Scroll's impressive alpha testnet deployment, which hosted more than 47M transactions from 9M wallets over six months.

And Ferrari, the renowned Italian sports car manufacturer, began accepting purchases paid in crypto at its U.S. dealerships.

✍️ In today’s newsletter:

• $150M liquidated after fake news spikes markets
• Uniswap Labs introduced front-end trading fee
• Lido exits Solana after losing $0.5M
• Ethereum's validator queue empties
• Second Blur airdrop season ends on Nov. 20
• Scroll's debut week falls flat
• US Ferrari dealerships embrace crypto

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