🏷️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 (Coin Desk)
Tether Explores Lending to Commodity Traders: Report (Unchained)