Daily Digest 10/21

Insight on the biggest stories of the day that are causing movement in the market.

The Associated Press will start leveraging Chainlinks smart contracts to increase efficiency of this like election results, scores to games, and other results and information to their 15,000 outlets.
This is not the first step into the crypto world for the Associated Press as they have also been using blockchain since 2020 to publish what they call “tamper-proof-news”. AP also partnered with blockchain company Everipedia a blockchain based encyclopedia.
“Anything can be published to the blockchain," said Desaulniers, "but I think it makes a substantial difference when developers see the data coming from a source like the AP which has been in the business for 175 years."
This also shows how Chainlink can be one of the biggest projects in crypto as they can source data for more than just price feeds on market making applications like Uniswap.

Many projects are rewarding white hat hackers for finding issues in their protocol that could lead to hacks or and losses of users' funds.
Polygon has awarded a hacker with $2 million for identifying a bug that could have cost them $850 million. Gerhard Wagner found on Oct 5th that an attacker would have been able to exit their burn transactions up to 223 times. For example, a $100,000 move would have netted the attacker $22.3 million.
“We congratulate Gerhard for his fantastic work and excellent report, and appreciate the swift response, subsequent fix, and a fast payout from Polygon,” said Mitchell Amador, founder and CEO of Immunefi, the company that Polygon runs their bounty program through.

We have had a very strong week of optimism after the launch of the first BTC ETF launching on the stock market as well as remarks by Carl Icahn who noted Bitcoins strength as a hedge to inflation. Russia also proposed to use gas production power to fuel crypto mining.

If Bitcoins price can stay above $64,000 by 8 am on Friday then it will clear most of the bears who were betting on BTC having a down or slow month.

For those who were on the short side of BTC this month would need the price to drop below $62,000 or 7% by tomorrow to avoid that massive loss.

BTC Attempts to Find Support