Bring Back Tone Vays: Migration to CommEX, Bourgeois Ethereum, Analysts’ Forecasts
“Bring Back Tone Vays” — a news podcast with the ForkLog editors and friends about the week’s main industry events.
Topics include: details of the migration of Russian users from Binance to CommEX, “bourgeois Ethereum,” the start of hearings in the Sam Bankman-Fried case, new analyst forecasts, and El Salvador’s mining initiatives.
Participants: Alex K., Vasily Smirnov.
Special guest: Odysseus, community manager of the Grimace project.
Details of users’ migration from Binance to CommEX
ForkLog spoke with the regional director of the crypto exchange CommEX, which bought Binance’s Russian assets. According to the platform’s representative, the migration process to the new venue will take about a year. The company’s goal is to enter at least the top three crypto exchanges by trading volume in Russia.
Against the backdrop of news about the sale of Binance’s Russian unit, the number of P2P trades on the platform fell by 10–30%, and users are migrating to other services.
Bourgeois Ethereum, Proletarian Solana
Solana cofounder Anatoly Yakovenko called the second-largest cryptocurrency “bourgeois.” In response to criticism of his project, the developer said that “the modern face of the oppression of the working masses constantly changes as the petty bourgeoisie revels in the digital carnival.”
Hearings in the Sam Bankman-Fried case
On October 3 began hearings in the case of the former owner of the collapsed exchange FTX, Sam Bankman-Fried (SBF). The sides selected jurors and delivered opening statements. SBF’s lawyers said he acted in good faith and denied the existence of secret transactions between Alameda and FTX.
Bitcoin price forecasts
Analysts at QCP Capital warned that the chances of retesting $25,000 should not be ruled out, despite favorable seasonality.
How to become an on-chain analyst
This week a detailed analysis of the on-chain-analyst profession was published. The piece outlines the analyst’s essential toolkit, demand for the profession, where to look for work, and the salaries one can expect.
Public–private pool
As part of a public-private partnership in El Salvador, the Lava Pool mining pool will be launched. The entity has pledged to remit 23% of net income to the government. The funds will be invested in energy infrastructure to support economic growth.
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