CoinGecko: normalized exchange volume for Crypto.com has dropped 91% over the past year, 90% for Huobi, 77% for FTX, 75% for Coinbase, and 57% for Binance (Stacy Elliott/Decrypt)

Stacy Elliott / Decrypt:
CoinGecko: normalized exchange volume for Crypto.com has dropped 91% over the past year, 90% for Huobi, 77% for FTX, 75% for Coinbase, and 57% for Binance  —  Bad ad or bad timing?  Either way, trading is down big.  —  Whichever version of the Latin proverb you choose …

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Huobi, a top-10 crypto exchange by trading volume, has agreed to be acquired by Hong Kong-based About Capital; terms of the deal were not disclosed (Danny Nelson/CoinDesk)

Danny Nelson / CoinDesk:
Huobi, a top-10 crypto exchange by trading volume, has agreed to be acquired by Hong Kong-based About Capital; terms of the deal were not disclosed  —  The terms of the deal were not disclosed.  —  Crypto exchange Huobi Global, one of the biggest token trading outposts in the Asia markets …

Binance and Huobi block deposits of FTX’s native token, FTT, after 192M tokens worth ~$400M were released out of schedule and without warning (Shaurya Malwa/CoinDesk)

Shaurya Malwa / CoinDesk:
Binance and Huobi block deposits of FTX’s native token, FTT, after 192M tokens worth ~$400M were released out of schedule and without warning  —  The tokens were illicitly released from FTT’s main deployer address.  —  Crypto exchanges Binance and Huobi blocked deposits of FTT …

Coinbase to custody $1.6B worth of MakerDAO’s USDC treasury after MakerDAO community voted 75% in favor; a pilot will run through 2022, with new voting in 2023 (Stacy Elliott/Decrypt)

Stacy Elliott / Decrypt:
Coinbase to custody $1.6B worth of MakerDAO’s USDC treasury after MakerDAO community voted 75% in favor; a pilot will run through 2022, with new voting in 2023  —  The MakerDAO pilot will run through the end of 2022 before the community needs to vote on whether to keep its USDC with Coinbase next year.

CoinGecko: the Aptos token fell 40.5% on its first day of trading; Aptos’ Layer 1 blockchain was panned for opaque tokenomics and a low transaction throughput (Tim Hakki/Decrypt)

Tim Hakki / Decrypt:
CoinGecko: the Aptos token fell 40.5% on its first day of trading; Aptos’ Layer 1 blockchain was panned for opaque tokenomics and a low transaction throughput  —  The price of Aptos has crashed more than 40% a day after launch as investors remain wary of the network’s widely-panned mainnet rollout.

Binance announces a recovery fund to help “otherwise strong” projects facing a liquidity crisis; Justin Sun says Tron, Huobi, and Poloniex will support Binance (Sam Reynolds/CoinDesk)

Sam Reynolds / CoinDesk:
Binance announces a recovery fund to help “otherwise strong” projects facing a liquidity crisis; Justin Sun says Tron, Huobi, and Poloniex will support Binance  —  Tron founder Justin Sun said that Tron, Huobi Global and Poloniex will support Binance in its initiative.

Coinbase says Coinbase Wallet will no longer support Bitcoin Cash, Ethereum Classic, Ripple XRP, and Stellar due to “low usage”, starting January 2023 (Mat Di Salvo/Decrypt)

Mat Di Salvo / Decrypt:
Coinbase says Coinbase Wallet will no longer support Bitcoin Cash, Ethereum Classic, Ripple XRP, and Stellar due to “low usage”, starting January 2023  —  America’s biggest crypto exchange has scrapped a number of assets from its self-custody mobile app citing waning customer interest.