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The Blockchain Association has filed to submit a brief giving further context in the Grayscale appeal for its bitcoin ETF application.

The post Blockchain Association files supporting brief in Grayscale’s bitcoin ETF appeal appeared first on The Block.

The Federal Reserve may undertake a higher-than-expected interest rate hike next month as inflation and the labor market stay strong.

The post Fed officials eye aggressive rate hike next month: NYT appeared first on The Block.

The Voyager sale plan proposal contains plans to settle with executives over their alleged roles in the nearly $1 billion loan to 3AC.

The post Voyager sale proposal includes settlement for executives over Three Arrows Capital loan appeared first on The Block.

Jack Dorsey’s Bluesky revealed documentation and a fresh name, Authenticated Transport Protocol.

The post Decentralized social media project Bluesky unveils latest protocol appeared first on The Block.

The Senate Agriculture Committee is continuing to flesh out a bill on crypto markets regulation before the end of this Congress.

The post Senate committee negotiating SEC sign off on digital commodity definition appeared first on The Block.

Quick Take

• On October 18, 2022, Silvergate Capital ($SI) reported Q3’22 earnings
• $43.3mm net income for the quarter, a +12.2% gain and +84.3% gain QoQ and YoY, respectively
• $1.28 Diluted EPS for the quarter, a +13.3% gain and +45.5% gain QoQ and YoY, respectively 
• 1.677 digital currency customers as of September 30, 2022, a +5.8% gain and +28.5% gain QoQ and YoY, respectively 
• SEN processed ~$112.6bn of transfers in Q3’22, a (41%) decline and (30%) decline QoQ and YoY, respectively
• Digital asset customer fees contracted to $7.9mm for Q3’22, a (10%) decline and (2%) decline QoQ and YoY, respectively
• Shares of Silvergate closed at $54.88, a (22.5%) decline in 1-day price movements
• To date, Silvergate shares have decline (63.0%) from their $148.20 per share on January 1, 2022 

Here’s how crypto mining companies performed on Tuesday, Oct. 18.

The post Bitcoin mining stock report: Tuesday, October 18 appeared first on The Block.

An $8.4 million exploit hit the Celo network-based decentralized lending protocol Moola Markets on Tuesday.

The post DeFi lending protocol Moola Markets hit by $8.4 million exploit appeared first on The Block.

Quick Take

• Rapid Insights provide a deeper analysis of the current crypto landscape in a timely fashion.
• Frax Finance, an algorithmic stablecoin protocol, has recently announced the launch of its liquid staking venture.
• This comes after the Ethereum Merge, significantly reducing the costs of running an Ethereum validator node.
• Frax Finance’s pivot could be a critical diversification for its current operations after a potential bill that outlaws “endogenously collateralized stablecoins.”
• Disclaimer: This is a market commentary research piece and includes opinionated views from our research team. Nothing contained in this piece constitutes a solicitation, recommendation, endorsement, or offer by The Block Research

One month on, here’s a detailed look at multiple ways in which The Merge impacted the Ethereum blockchain.

The post Five key ways The Merge affected the Ethereum blockchain appeared first on The Block.