The biggest news in the cryptosphere for Sept. 30 includes a court ruling in favor of Ripple against the SEC for the Hinman document, Bitcoin decoupling from S&P500 amid macro turmoil, and Crypto influencer Lark Davis denying ZachXBT’s accusations.
CryptoSlate Top Stories
Judge rules in favor of Ripple against SEC in Hinman document case
The SEC’s motion to avoid submitting the Hinman document for examination was overruled today by Judge Torres.
The SEC was ordered to hand over the document to Ripple Labs as the said document was not protected by legal privileges.
Bitcoin decouples from legacy markets amid macro turmoil
Since Sept. 1, Bitcoin has been trading between $18,100 and $22,800 while the S&P500 has dropped lower by 10% over the same period.
Given the decoupling of the flagship crypto from the S&P500, Analyst Dylan LeClair said that Bitcoin may be on its way to reclaiming its safe haven narrative.
LeClair, however, added that it is “highly unlikely” for the decoupling to continue as central banks battle to save the deteriorating global economy.
Future rate hikes may be good for the crypto markets as major currencies are devalued against the dollar
Since the British pound lost 4.8% of its value against the U.S. dollar on Sept. 26, approximately £200 million has flowed into Bitcoin in pounds.
Investor Vinny Lingham predicts that as more currencies are being devalued against the dollar, Bitcoin prices will continue to rise. Consequently, more people may turn to Bitcoin as a store of value and a hedge against volatile local currencies,
Wintermute hack replicated on simple laptop in under 48 hours by exploiting Profanity flaw
Amber Group’s latest experiment invalidates claims that it would take 1,000 GPUs about 50 days to crack private keys generated with Profanity.
Amber Group used an M1 Macbook with 32GB RAM to crack the Wintermute private key in less than 48 hours. The group warned that funds held in addresses generated by Profanity are not safe.
Ethereum losing ground as Solana now accounts for a quarter of total NFT volume
Available data from Delphi Digital indicates that Ethereum is losing NFT trading volumes to Solana.
Newly minted NFTs on Solana has increased its trading volume from 7% to 24% over the last 6 weeks.
Theta upgrade goes live to support wTHETA as TNT20 token
In preparation for the Theta Metachain launch in December 2022, Theta Labs has deployed the Theta v3.4.0 upgrade to support wrapped THETA (wTHETA) as a TNT20 token.
Token…
Click Here to Read the Full Original Article at Bitcoin (BTC) News | CryptoSlate…
