From FTX staking its massive SOL stash to the US goverment holding ~200k BTC, here is a 2-minute breakdown of everything important that happened in crypto today.
![What Happened in Crypto Today? [Oct. 16]](https://academy-public.coinmarketcap.com/optimized-uploads/ec563e90cb684fdfbb35750640a5d029.png)
- Co-author: Davier M
Crypto's been duller than a butter knife this week, but CoinMarketCap’s got the 4-1-1 on stories like MetaMask getting Apple-gated! (Gasps have been gasped!)
But as always, before diving into the details, here is a TLDR of today’s stories:
- U.S. Government HODLs Massive $5 Billion Bitcoin Stash
- Apple boots MetaMask from App Store, sparking ban panic
- FTX looters stake millions in SOL
- Whales feast on BTC while offloading ETH, data shows
- Latin America favors CEX over DEX in crypto
- Ferrari courts crypto moguls by accepting crypto
Alright, let's unpack all that!
U.S. Government HODLs Massive $5 Billion Bitcoin Stash
The US government owns a whopping 200,000 BTC worth $5 billion, all seized from dodgy dark web activities. Talk about diamond hands - Uncle Sam won't part with all of its crypto. Maybe losing out on $5 billion in gains after disposing of some BTCs gave the government a nightmare?
Some more details on how it managed to lose that amount in auctions!
MetaMask Temporarily Removed From Apple’s App Store, Sparking Concerns
Apple suddenly ejected MetaMask from its App Store, igniting fears of a permanent exile. Apple's no fan of "background activities" like mining apparently. Given MetaMask's 30 million users, will this wallet manage to make its way back into Apple's walled garden, or is the ban for good? Read more!
FTX Estate Stakes 5.5 Million Solana Worth $122M
The FTX looters are at it again, staking over $122 million worth of Solana. Talk about gall - siphoning customers' funds then staking the spoils?
We all hope crypto survives their dump. Find out how many tokens they are legally allowed to dump in the market!
Bitcoin Whales Are Accumulating, Ethereum Whales Selling
Glassnode data shows Bitcoin whales are gobbling up more BTC while Ethereum whales are offloading ETH. Guess they know which crypto life raft is more seaworthy?
Find out how many ETHs have already been sold by these whales!
Latin America Prefers CEXs in Crypto, Report Finds
A report found Latin America favors centralized crypto exchanges over decentralized ones, unlike other regions. With billions in crypto volume, convenience still outweighs ideology it seems.
Here are some more details on the ranking of this region in crypto adoption!
Ferrari Courts Crypto Moguls by Accepting Crypto
Ferrari wants those sweet crypto millions, announcing plans to accept crypto for supercar purchases in the US. Nothing like splurging your crypto millions on a Lambo's fancier cousin! But which coins is it going to accept? Read the full story here!
That wraps up the essential headlines from a relatively quiet blockchain week. CoinMarketCap signing off for now - see you tomorrow for more headlines.
Before you head out, take a sec to sign up for our newsletter below, and we'll deliver the hottest crypto stories straight to your inbox!
