Chris welcomes viewers and introduces the topics for the video: market update, rug pools and audits, Binance technical issue, XRP delisting, Ripple news, Grayscale and crypto index, news validation, healthcare information platform funding, and ChainLink and global trade.
The total crypto market cap is at $1.25 trillion, down 1.05% in the last 24 hours. Bitcoin’s price is at $34,394, and Chris predicts a substantial selloff.
Rug Pools and Audits
85% of crypto rug pools in Q3 didn’t report audits. 65.1% of projects launched in Q3 were scams. Audits and research are crucial for spotting scam projects.
Binance Technical Issue
Binance experienced temporary crypto withdrawal unavailability due to a technical issue.
OKX delisted XRP trading pairs, including XRP/OKB.
Fortress CEO stepped down after the sale to Ripple fell through.
Grayscale and Crypto Index
Grayscale partnered with FTS Russell for new crypto index businesses, showing increased institutional interest in cryptocurrency.
Chris cautioned against fake news and manipulation in the crypto space, emphasizing the importance of verifying news before reacting.
Healthcare Information Platform Funding
A healthcare information platform raised $9 million in a Series A funding round, with the medical sector expected to thrive in the next bull market.
ChainLink and Global Trade
ChainLink integrated with global trade processes and supported blockchain, with positive developments for ChainLink in collaboration with traditional companies.
Chris encouraged viewers to like, subscribe, and activate notifications for future videos. He signed off and thanked viewers for watching, taking care.