Today's 75 basis point rate hike may be the last hike of the year. By acknowledging the lag between rate hikes and #inflation, the #Fed gave itself the leeway to pause. Also, the Fed's commitment to returning inflation to 2% over time does not indicate how much time it will take.
— Peter Schiff (@PeterSchiff) November 2, 2022

Binance launches an index of DOGE, BNB, and MASK

CZ invests $500m to help @elonmusk buy Twitter.

Then Binance launches a “Bluebird Index” comprising of $BNB, $DOGE and $MASK.

Is CZ hinting at these assets being used for Twitter payments (blue bird)? pic.twitter.com/bHne6gTsxY
— Miles Deutscher (@milesdeutscher) November 2, 2022

Bitcoin miner Iris in talks with attorneys for restructuring

Nasdaq-listed bitcoin miner Iris stated that bitcoin mining currently produce insufficient cash flow to service their respective debt financing obligations. Restructuring discussions with the lender remain ongoing. https://t.co/7yJzLabnOn
— Wu Blockchain (@WuBlockchain) November 2, 2022

Binance CEO may join the Twitter board if asked

Binance CEO would join Twitter board if Elon Musk asks https://t.co/GdLdS2bbXi
— Frank Chaparro (@fintechfrank) November 2, 2022

The Elon kind of Twitter?

White House: seniors are getting the biggest SS increase in 10 years.

Context-checkers: That's because inflation is the highest it's been in decades.

White House: *deletes tweet*

Welcome to @elonmusk's Twitter. pic.twitter.com/Zb9kMTy5Be
— Spike Cohen (@RealSpikeCohen) November 2, 2022

Binance may be considering a bank

$BNB 👀 pic.twitter.com/UtPAd0wp0b
— Bitbit (@bitbitcrypto) November 2, 2022

“There are people who hold certain types of local licenses, traditional banking, payment-service providers, even banks. We’re looking at those things,". “We want to be the bridge between crypto and the traditional, financial world.” @ web summit lisbon
— db (@tier10k) November 2, 2022

Elon discusses Doge payments on Twitter

“I’ll pay one #Dogecoin for this article” – @elonmusk talks about using #Doge as a payment method 😳🚀🌔 pic.twitter.com/PBmbzVQAvZ
— SlumDOGE Millionaire (@ProTheDoge) November 2, 2022

The two factors driving the ETH price

ETH price is primarily driven by network activity in two ways: demand for the token to participate in the network and more activity translating to deflationary supply.

The more subsectors that are built (NFTs, DeFi, GameFi) the higher the likelihood of an activity uptick.
— Will Clemente (@WClementeIII) November 2, 2022

The cynical take is that network activity just follows price. Maybe as real use cases are built this changes. It's a chicken/egg type question, but once that feedback loop between network activity & price does get going, it likely accelerates quickly. For now, we keep observing.
— Will Clemente (@WClementeIII) November 2, 2022

Exchanges’ Bitcoin reserve keeps dropping

#Bitcoin Available on Exchanges still dropping at a rapid pace! 🔥👇 pic.twitter.com/EUtsgcSw8M
— Crypto Rover (@rovercrc) November 2, 2022

Ibiam Wayas

Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general public. He loves to associate with like-minded individuals and collaborate with them on similar projects. He spends much of his time honing his writing and critical thinking skills.