📉 Bitcoin crashes 87% on Binance's US exchange

The issue has been fixed

Hey Waivly Crew! 🌊 Yesterday, Bitcoin briefly plummeted to around $8,000, but only on Binance’s US trading platform. In Q3, Tesla sold more than 240,000 cars and beat investor earnings expectations.⠀

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Tesla reports record revenue and profits in Q3

Tesla has released its Q3 2021 earnings report, and it turned out to be a lot better than anyone predicted.

Impressive profit

The company announced that it turned in a $1.6 billion profit during the quarter, despite supply chain challenges in the auto industry caused by chip shortage and a delay in the rollout of its refreshed Model S sedan and Model X SUV.

Record sales

Tesla reported that it turned a profit on over $13.7 billion in revenue, all while its average sales price continued to drop due to the popularity of its cheaper Model 3 and Model Y. What’s even more impressive, is that Tesla sold a new record of both of its more affordable Model 3 and Model Y cars, with a combined 232,102 units delivered during Q3 2021.

A great achievement

"The third quarter of 2021 was a record quarter in many respects. We achieved our best-ever net income, operating profit, and gross profit. Additionally, we reached an operating margin of 14.6%, exceeding our medium-term guidance of 'operating margin in low-teens,'" the company said in a statement.

Razer launches its own PC components

Razer has recently announced that they are expanding into manufacturing PC components.

What components will Razer be manufacturing?

Razer is launching an all-in-one (AIO) liquid cooler, case fans, as well as platinum-rated power supplies for building PCs. All of the components will include their signature hardware, RGB lights. They will also produce PWM fan controllers that would control up to eight fans and will be able to integrate into Razer's Synapse software.

Maximum performance

The Razer Hanbo Company, Razer's all-in-one cooer company, has partnered with Asetek to create an AIO cooler with RGB lighting. The design of the cooler will allow maximum thermal performance and operates silently. They are producing Kunai fans that will help cool PCs with their hydraulic bearings and produce a range of Katana power supplies that are fully modular and include a zero RPM aRGB fan with the full Razer Chroma capabilities.

When will they be released?

As of right now, we do not know the release dates of Razer's new PC components, but Razer's power supplies will begin shipping out in early 2022, while their cooling fans will be released around November. The prices for its power supplies have not got disclosed yet, but Razer's Kunai case fans' price starts at $44.99, whereas their PWM fan controllers will be priced at $49.99. Both are now available to be purchased.

The Waves

📹 Spotify allows more creators to upload video podcasts

🚘 Elon Musk's Boring company gets approval for Las Vegas tunnel system

🐇 Playboy launches "Rabbitars" NFT collection

⏪ Twitch is testing a rewind button

Crypto Special

Bitcoin plunged 87% on Binance’s US exchange

Yesterday, the price of Bitcoin dropped around 87% in a matter of seconds on Binance's US exchange.

Unexpected crash

The coin had been trading around $65,000 when suddenly Binance’s one-minute BTC/USD chart differed from other major exchanges and printed a one-minute candle that took Bitcoin from $65,815 to around $8,000, a major drop of 87%.

Caused by bug

Binance.US blamed the flash crash on a bug that got tied into the trading software of one of its clients. "One of our institutional traders indicated to us that they had a bug in their trading algorithm," a spokesperson for Binance.US claimed. “We are continuing to look into the event but understand from the trader that they have now fixed their bug and that the issue appears to have been resolved,” they went on to say.

Not the only platform effected

Kraken users also noticed a flash crash yesterday, which caused Bitcoin to drop to $54,000 before recovering quickly. Many Bitcoin traders rushed to social media to talk about the sudden crash, with some reporting losses due to the technical issues on the platform.

FTX raises $420 million in funding round

Cryptocurrency exchange FTX has raised $420 million in a new round of funding, valuing the company at $25 billion.

The ultimate meme

Sam Bankman-Fried’s Bahamas-based crypto exchange revealed this week it had raised $420,690,000 in a Series B-1 funding round. The round included 69 investors, including BlackRock, Tiger Global, Sequoia Capital, Temasek, Sea Capital, IVP, ICONIQ Growth, and many more.

Venture into new opportunities

According to Ramnik Arora, head of product at FTX, the new funding will help the company address new market opportunities including, equities, prediction markets, NFT, and videogame partnerships. “We expect to make strategic investments designed to grow the business and expand our regulatory coverage,” he said.

Perfect timing

The new round, inspired by 420 and 69 meme numbers, comes only a day after Bitcoin hit a record high of $66,974, months after its previous all-time high of $64,889 set back in April and more than double its levels in July.

Spotify allows more creators to upload video podcasts

Spotify is opening access to a new tool that will allow creators to begin publishing their video podcasts to its service.

Key creators first

The company announced earlier today that it is starting to roll out video podcasts with a number of key creators. The tool will be accessible through Anchor, Spotify’s podcasting platform, and will be an easy way for creators to publish video content to Spotify.

Going all in

It’s been over two years since the streaming service launched podcasts, and since then, they have invested around $1 billion into acquiring podcast networks like Gimlet Media and signing exclusive licensing deals with big podcasts including, The Joe Rogan Experience and The Michelle Obama Podcast.

Multiple monetization options

While Spotify is opening access to Anchor creators, interested creators can now sign up to the waitlist. Creators will be able to monetize their podcasts through subscriptions, allowing them to share exclusive paid content or even make the video option only available to subscribers.

Spotify’s video lineup, in the meantime, will include content from its existing podcasters along with new video creators such as Philip DeFranco, The GaryVee Audio Experience, Jasmine Chiswell, Tap In w/ Harry Jowsey The WAN Show, and more.

Pushing The Wave With Ledger

If you’re into cryptocurrency and own crypto assets, you need a secure place to store your coins and tokens. You probably already know that you shouldn’t store your crypto on an exchange due to potential hacks, not being solely in control of your crypto’s private keys, and for other reasons, and so a hardware wallet is the way to go and the best option to protect your private keys, therefore, you should make the move to a Ledger wallet.

Ledger wallets are an extremely secure and premium way to secure, manage, and grow your crypto assets with their Bluetooth-enabled hardware wallets, and easy-to-use app which lets you manage your portfolio on the go. They let you manage multiple assets, buy, sell, grow, and exchange crypto, gain financial freedom by you being in full control and ownership of your private keys, and so much more.

The wallets are really simple to setup, and to move your crypto over to, so there’s no reason not to secure your assets and take control of your cryptocurrency now and get yourself a Ledger device. You can manage 1800+ coins and tokens directly in the Ledger Live app once you’ve got your device up and running, so you’ll always have your entire portfolio covered.

Share The Wave

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