🏷️Sui Foundation Addresses $400M SUI Sales Drama

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The Sui Foundation rejected accusations that insiders from the project’s team have offloaded $400M worth of SUI amid the token’s recent rally. Sui attributed the sales to an infrastructure partner whose tokens are subject to a vesting schedule.

Markets rallied on Tuesday morning, boosted by $550 million of inflows into Bitcoin ETFs. BTC briefly traded above $67,500 as ETH approached $2,700. SOL dipped 2% while DOT rallied 1%.

The U.S. Depository Trust & Clearing Corporation is deepening its digital asset embrace, with the institution launching a sandbox for distributed ledger technology projects.

Kamala Harris’s campaign is attracting pushback from the crypto community for offering vague promises relating to its cryptocurrency policies.

Also, a Welsh Bitcoin miner sued his local council for $646 million, and the Hyper Foundation announced an upcoming airdrop.

✍️ In today’s newsletter:

• Sui Foundation blames $400M SUI sales on infrastructure partner
• Bitcoin ETFs attract $550 million of inflows
• DTCC launches digital asset sandbox
• Harris campaign cops pushback for vague crypto policy
• Early miner sues council to excavate landfill for 8,000 BTC
• Hyper Foundation announces HYPE token

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🔎 Sui Foundation Denies Accusations Of Insider Token Sales

The Sui Foundation denied analysts’ claims that insiders linked to the project have offloaded $400M worth of SUI amid the token’s recent rally. The foundation said that none of its employees, nor the employees or investors of Mysten Labs, have sold tokens worth $400 million in recent weeks. Instead, the foundation attributed the selling to an infrastructure partner adhering to a token lockup schedule.

🎢Crypto Markets Dip After Bitcoin ETFs Record Massive Inflows

Markets traded mostly higher on Tuesday, fueled by massive inflows into spot Bitcoin ETFs. BTC briefly spiked above $67,000. On Monday, spot Bitcoin ETFs recorded $556 million in net inflows.

🏝️ DTCC Unveils Digital Asset Sandbox

The U.S. Depository Trust & Clearing Corporation (DTCC) launched a digital asset sandbox seeking to foster pilot projects exploring mainstream financial applications for DLT. The DTCC processed $3 quadrillion worth of securities transaction last year.

🤔 Seemingly Pro-Crypto Harris Policy Doc Attracts Industry Pushback

The presidential campaign of Kamala Harris is struggling to win over the crypto community. While a new policy document pledges to provide clear digital asset regulations in a bid to win over Black voters, web3 proponents criticize the campaign for failing to offer concrete policy proposals.

⛏️ Bitcoin Miner Sues Local Council To Exhume 8,000 BTC Buried In Landfill

An early Bitcoin miner sued his local Welsh council for $646 million. The miner wants to pressure the council into allowing him to exhume a local landfill site to retrieve a hard drive containing the private key to 8,000 BTC that was thrown away in 2013.

🪂 Hyper Foundation Teases New HYPE Token For Hyperliquid

Hyperliquid’s Hyper Foundation announced plans to launch a token and deploy its HyperEVM on mainnet. Although the project did not schedule the token generation event, users must register before Nov. 11.

🌍 ELSEWHERE

• Securitize Launches USDC Conversions for BlackRock's Digital Liquidity Fund (Decrypt)
• Coinbase seeks court ruling for SEC documents on how securities laws apply in ongoing FOIA casek (The Block)
• Blockstream Raises $210M in Convertible Note Financing Round (CoinDesk)
• Tether Explores Lending to Commodity Traders: Report (Unchained)

🔥TRENDING

• Hyper Foundation Teases New HYPE Token For Hyperliquid
• Bitcoin Breaks $65K as Short Traders Face Massive Liquidations
• Morpho User Exploits Oracle Error To Turn $350 Into $230K
• Paradigm Execs Unveil Web3 Development Firm Ithica and Ethereum L2
• Trump Announces World Liberty Financial Token Sale For Oct.15
• Michael Saylor Wants to Turn Microstrategy Into a Bitcoin Bank