According to CNBC, the Philadelphia District Attorney's Office filed a lawsuit in an attempt to stop a political action committee (PAC) controlled by Musk from rewarding registered voters in swing states with $1 million. A few days before prosecutor Larry Krasner filed the lawsuit, the U.S. Department of Justice sent a letter warning Musk's political action committee that its random distribution of $1 million in prizes may violate federal election laws.
According to AggrNews monitoring, the X account of Andy Ayrey, the founder of the AI robot project Truth Terminal, was hacked, and he posted a message saying that he would launch a new token IB.
According to CoinDesk, Tether CEO Paolo Ardoino said that the company respects international sanctions and works closely with law enforcement, but admitted that it ultimately has to obey the US authorities. Ardoino said: "If the United States wants to kill us, they can press a button and kill us anywhere. We will not fight the United States." Ardoinohi also said that the company is "doing its best" to combat the use of illegal cryptocurrencies, but compared with the US dollar, USDT's role in illegal finance is "insignificant." Speaking of the role played by Tether's key ally Howard Lutnick in Donald Trump's campaign, he said that the company "does not expect any political favors from anyone."
Arthur Hayes: China's economic stimulus measures are expected to drive cryptocurrency gains
In his latest article, Arthur Hayes, co-founder of BitMEX, said that China's stimulus measures will inject trillions of dollars into financial markets and drive up cryptocurrencies. For those who believe that the market will immediately see future trends and push up the price of Bitcoin accordingly, Hayes said that these expectations may be disappointed. He pointed out that both the quantitative easing policy of the People's Bank of China and the re-acceleration of bank credit growth will take time to achieve their effects. In the initial stages of the policy, Chinese savers tend to buy domestic stocks and apartments that are undervalued by the market. But Hayes believes that given enough time, the long-term impact of these policies will be obvious. Hayes believes that this actually provides investors with an excellent buying opportunity. Because when those ordinary wealthy coastal residents decide to invest in Bitcoin, the surge in prices will be reminiscent of the scene in August 2015 - after the unexpected devaluation of the RMB, the price of Bitcoin soared from $135 to $600, almost quintupling in less than three months.
Sequoia Capital to receive more than $100 million from Stripe's acquisition of Bridge
According to Cointelegraph, venture capital firm Sequoia Capital owns a 16% stake in the stablecoin platform Bridge, and the company is expected to receive more than $100 million in proceeds from Stripe's $1.1 billion acquisition of Bridge. People familiar with the matter said that Sequoia Capital invested $19 million in Bridge's Series A financing last year. Other venture capital firms will also receive hundreds of millions of dollars in windfalls from Bridge's shares, including Ribbit Capital, Haun Ventures, Index Ventures and Bedrock Fund Management. Ribbit's stake in Bridge is about 10%, worth $100 million, while Bedrock and Index Ventures each hold about 6% of the shares, and Kathryn Haun's venture capital firm holds 4%. Earlier news, Stripe acquired the stablecoin payment platform Bridge for $1.1 billion; this marks the largest acquisition in the crypto industry to date.
Vitalik proposes key goals for Ethereum's future development in the Splurge phase
Ethereum co-founder Vitalik Buterin published "The Future of Ethereum Protocol Part 6: The Splurge". The key goals are as follows: 1. Make EVM reach a high-performance and stable "endgame state"; 2. Introduce account abstraction in the protocol so that all users can benefit from safer and more convenient accounts; 3. Optimize transaction fee economics, improve scalability, and reduce risks; 4. Explore advanced encryption technologies that can make Ethereum better in the long run.
Magic Eden: Users are not encouraged to trade the test token TestME because it has no economic value
According to the official blog, NFT market Magic Eden said that the application time for the ME Foundation's test token TestME is from 02:00 on October 30 to 08:00 on November 1, Beijing time. Residents of the United Kingdom and the United States cannot participate in the application. Each eligible wallet can only receive TestME once. All eligible wallets will receive the same fixed number of tokens, and there is no need to keep them after receiving TestME. The role of the test coin is to familiarize users with the process of receiving tokens, and to help project parties identify and resolve any potential problems before the official ME token is issued. Magic Eden does not encourage users to trade test tokens because it has no economic value. Users who participate in TestME will not receive any financial compensation or benefits from Magic Eden; TestME tokens will not have any impact on ME token applications.
US media: Bloomberg boss has spent nearly $100 million to support Harris
According to a report by Jinshi citing the New York Times, several people familiar with the matter said that former New York Mayor and Bloomberg boss Michael Bloomberg recently donated $50 million to a nonprofit organization supporting Democratic presidential candidate Harris. People familiar with the matter said that Bloomberg's latest donation went to the nonprofit organization Future Forward USA Action. Before this anonymous donation, he had already provided $47 million in public political donations to the Democratic Party, second only to George Soros among all the major Democratic donors. Bloomberg invested $95 million to help the Democratic Party in the 2018 midterm elections. According to Forbes data, Bloomberg, 82, is worth about the same as Bill Gates, about $105 billion.
Source: Trump family crypto project WLFI plans to issue stablecoin
According to Decrypt, sources said that the Trump family cryptocurrency project "World Liberty Financial" (WLFI) plans to issue a stablecoin. WLFI recently raised $14 million in its first token sale. It plans to create and issue its own stablecoin, which is still under development and may take some time to launch. A source said that the team is still determining how to ensure the security of the financial product before bringing it to market.
Grass airdrop is now available
The Grass Foundation announced that the "GRASS Airdrop One" airdrop is now open for collection. The "GRASS Airdrop One" airdrop collection window will end at block height 312762760, which is expected to be January 15, 2025 (Wednesday). Eligible users must complete the airdrop collection before then.
Alchemy Pay, a provider of crypto payment solutions, announced that it will launch its Layer-1 blockchain, Alchemy Chain, which aims to reshape the future of the payment industry. Based on the scalable Solana Virtual Machine (SVM) architecture, Alchemy Chain supports the seamless integration of crypto and fiat payments, and promotes the transparency, security and efficiency of cross-border settlements. The blockchain adopts an innovative Trusted Proof of Authority (TPoA) mechanism and introduces advanced Layer-2 solutions to optimize data synchronization and improve scalability. $ACH will serve as the functional token of Alchemy Chain, and users can pay transaction fees through $ACH or fiat currency. Alchemy Chain will also launch Meme Launchpad and Meme Telegram Bot to provide simplified development support for developers and ecological projects, further promoting the popularity of global crypto payments.
Peter Thiel’s Founders Fund leads Infinex’s “Sponsored” NFT funding, raising $67 million
According to The Block, Peter Thiel's Founders Fund participated in Infinex's "sponsorship" NFT financing model to help it achieve its fundraising goal of $67 million. Infinex's financing attracted venture capital, angel investors and community supporters through the sale of Patron NFTs. Other participating institutions include Wintermute Ventures, Framework Ventures and Solana Ventures, and individual investors include Ethereum co-founder Vitalik Buterin, Solana co-founder Anatoly Yakovenko and Aave founder Stani Kulechov. Infinex was founded by Synthetix founder Kain Warwick and is committed to building a decentralized trading experience to compete with centralized exchanges. The platform currently has a total locked value of $125 million. In the future, it will focus on realizing functions such as spot trading, derivatives and fiat currency entry to further approach the service level of centralized exchanges.
Binance will launch SANTOS 1-75x USDT perpetual contract
Binance Futures will launch SANTOSUSDT perpetual contracts at 22:00 (ET) on October 28, 2024, with a maximum leverage of 75x.
BTC native stablecoin protocol bitSmiley.io completes $10 million second round of financing
BTC native stablecoin protocol bitSmiley.io announced the completion of a $10 million second round of financing, with participation from institutions including MH Ventures, Veris Ventures, Side Door Ventures, KuCoin Ventures, Pragma, NewTribe Capital, Kinetic Kollective, Perlon Capital, IBC, GuildQB, NxGen, Dutch Crypto Investors, Aegis Ventures, ZC, Skyland Ventures and Cypher Capital. This financing will promote bitSmiley's innovation and development in the field of Bitcoin-backed DeFi. bitSmiley.io plans to expand its cross-chain transactions and BTCFi infrastructure by cooperating with platforms such as ZetaChain and Babylon. Last year, bitSmiley completed its first round of financing, with OKX Ventures and ABCDE co-leading the investment.
Rollup-as-a-Service Platform Gelato Completes $11 Million Series A+ Funding, Led by Hack VC
According to The Block, Rollup-as-a-Service (RaaS) platform Gelato has raised $11 million in its latest A+ round of financing, led by Hack VC, with participation from Animoca Brands, IOSG Ventures, and Bloccelerate VC. The financing will be used to expand the team and services, support more enterprise-level rollup applications, and strive to become the preferred platform for launching blockchain projects. Gelato's new customers include Kraken's Layer 2 blockchain Ink, which is expected to be launched on the mainnet in early 2025. As part of the Ethereum Superchain ecosystem, Ink will adopt Optimism's OP Stack architecture. This financing brings Gelato's total financing to $23.2 million.
BTC breaks through $70,000, up 2.37% on the day
The OKX market data showed that BTC broke through $70,000, with the price at that time being $70,114.20 per coin, an intraday increase of 2.37%.
Pump.fun’s fee account sold another 41,000 SOL, worth about $7.17 million
According to Lookonchain monitoring, Pump.fun's fee account has just sold another 41,000 SOLs, worth about $7.17 million. So far, Pump.fun has generated a total revenue of 1,041,344 SOLs (about $182 million) and sold 545,843 SOLs at an average price of $158, totaling about $86.14 million.
According to Lookonchain monitoring, an hour ago, a whale withdrew 570 BTC (US$39.84 million) from Binance. In the past 5 days, the whale has withdrawn 2,150 BTC (US$147 million) from Binance and currently holds 5,073 BTC (US$354.5 million).
Bitcoin's market share hit 59.92% in the early hours of the morning, a new high since March 31, 2021
According to Tradingview data, Bitcoin's market share briefly hit 59.92% at around 03:35 this morning, a new high since March 31, 2021. Currently, Bitcoin's market share is 59.53%.
Vitalik transferred 100 ETH to each of the four addresses, suspected to be donations
According to on-chain analyst Ember, 50 minutes ago, Vitalik Buterin transferred 100 ETH to each of the four addresses, worth $1.027 million, including the UHF fund, which should be Vitalik's donation to some organizations/institutions.
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