First Mover Americas: Bitcoin Higher After Jobs Report and Arweave’s Meta Effect

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Bitcoin (BTC) was higher despite a U.S. jobs report showing faster-than-expected growth in October – implying the Federal Reserve might have to stay aggressive in pushing to cool off the labor market.

Fidelity Investments has opened the waiting list for Fidelity Crypto, which will offer commission-free bitcoin and ether trading for retail users. Fidelity already offers crypto investing to institutional clients and previously issued a bitcoin exchange-traded fund (ETF) in Canada and has several crypto ETFs in the U.S., although spot-bitcoin ETFs are yet to be approved in the U.S.

Twitter has halted its plans to build a crypto wallet, and, on cue, the price of dogecoin sank more than 10% following the announcement. The cancellation is part of a new roadmap being aggressively implemented by Twitter’s new owner, Elon Musk. The wallet is reportedly meant to enable users to deposit and withdraw their funds without relying on third-party services.

Chaos ensnared Gala Games late Thursday, as fears of a potentially billion-dollar hack – or maybe a rug pull – drove its native GALA token down 20%, while a firm apparently related to the crypto play-to-earn platform said that they had actually effectively attacked themselves to prevent bad actors from absconding with users’ money.

– Omkar Godbole

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