In case you missed out: top crypto and Web3 news for November 4 in brief

Friday is a beautiful day. Even in the world of crypto news, the events are mostly positive. Sorry, but Elon Musk and Twitter are back in our bulletin today.

Anyway, here is the main thing that happened today and may be of interest to you. All, as always, in short, and accessible language!

Asics x STEPN

Apparently, it is too early to give up on STEPN. Unexpectedly, the Japanese sportswear manufacturer ASICS announced the release of the ASICS X SOLANA UI sneaker collection. Model GT-2000 11 will be released in a limited edition. When you buy one, you get a chance to win a limited edition ASICS x STEPN GT-2000 NFT.

The GT-2000 11 is available for pre-order only from November 4 to 8 for $200 (three different colors are available). You can buy them through Solana Pay.

It seems that Elon Musk is in trouble

Well, the situation is not yet clear. However, a class action lawsuit was filed against Twitter and its new ruler because of the mass dismissal of 3,700 employees, writes Bloomberg. According to the lawsuit, which was filed in the San Francisco federal court, the microblogging employees received no advance notice and were notified of the layoffs by email on November 3. That could mean that Twitter violated federal and California’s Worker Alteration and Retraining Notification (WARN) law. Under the Worker Adjustment and Retraining Notification Act, large companies are prohibited from making mass layoffs without at least 60 days’ notice.

A theatrical appearance

Do Kwon, the founder of Terra, has been located. He is hiding in Dubai, although he was previously rumored to be in Singapore. A team of South Korean investigators tried to track his whereabouts in Dubai and neighboring countries, as the country’s authorities issued arrest warrants for him and five other Terra executives.

But according to a report by the Korean news portal Naver, Do Kwon managed to escape from Dubai to Europe, from where he is already sending flaming greetings to the cops and inviting them to his press conference. But there’s a catch: it will be online.

Successes and failures of Coinbase

Block Research published Coinbase’s Q3’22 earnings analysis. According to the report, the company generated a net income of $576 million, a net loss of ($545) million, and an adjusted EBITDA of ($116) million.

The company also reported a quarterly trading volume of $159 billion and assets on the platform of $101 billion.

Cash and cash equivalents decreased to $5.01 billion from $5.68 billion for the second through third quarters of ’22. 

Is OKB aiming for the Moon?

The cryptocurrency exchange’s own token, OKX — OKB — has risen 24% in the past 24 hours to a one-month high of $22.15. This came after OKX opened offices in the Bahamas.