In case you missed out: top crypto and Web3 news for November 10 in brief

Nobody cares about Elon Musk and Twitter anymore. Now all eyes are on what the FTX cryptocurrency crash has uncovered. Like a thread by a needle, the FTT’s native token was followed by other coins. Like the plague, all companies rushed to disassociate themselves from FTT. And FTX customers, who didn’t have time to withdraw their money from there, have only to fill their grief with tears (or something stronger).

That’s why in our news digest today, most of the stories will be FTX-related in one way or another (pardon).

Is something waiting for the USDT or is this a false alert?

Tether has frozen $46 million worth of its stablecoins (USDT) on the Tron blockchain at the request of law enforcement. This was reported to CoinDesk by a Tether executive. According to Tronscan, the frozen wallet belongs to FTX.

Bitcoin could fall to $13,000 or even lower

Veteran trader Peter Brandt noted that if the bitcoin depreciation trend is the same as during previous bear markets, this time the low could be $13,800 and even $10,350. Analysts at J.P. Morgan have a similar outlook. Their estimate: $13,000.

Poor Hut

Bitcoin miner Hut 8 reported Q3 2022 earnings. The net loss was $23.7 million, compared to an estimated $19.4 million. Revenue was $31.7 million, below analysts’ average estimate of $36.3 million. Computing revenue was $4.4 million. The company increased the number of mined digital assets to 982 (a year earlier there were 905).

Aptos x Google Cloud

Crypto startup Aptos has signed a partnership agreement with Google Cloud. Google Cloud will verify nodes and participate in Aptos’ core network. Aptos blockchain will also be indexed and available in Google Cloud BigQuery service.