Richard Teng, CEO of Binance, said in his opening speech at Binance Blockchain Week 2024 that the crypto industry has had a good momentum this year. Starting with the adoption of the Bitcoin spot ETF in the United States, the industry has received great recognition. Now, all Fortune 200 institutions have their own blockchain plans. This momentum will bring the industry to a higher level in the future. Our entire industry has gone through a lot of tests, but it is still in its early stages because the ownership rate of cryptocurrencies is not high globally. I hope everyone can work together to promote innovation and believe that blockchain technology is a force for good.

OpenAI is working with Broadcom and TSMC to build its first self-designed chip to support its artificial intelligence system. In addition to Nvidia chips, the company has also added AMD chips to meet its infrastructure needs. The report said that due to cost and time issues, OpenAI has temporarily abandoned plans to build a network of wafer foundries. Instead, it plans to focus on internal chip design work.

Lightweight node protocol Over Protocol said in an official blog that airdrop queries are now available on the OverFlex application (currently OverWallet). The airdrop allocation will take place after the mainnet launch, which is expected to be between the end of this year and the beginning of next year. 15% of the total token supply has been allocated to OCAP, of which 54.5 million OVER tokens (5.45%) are specifically used for the airdrop program. The remaining tokens will be used to support marketing, liquidity provision, grant programs, and ecosystem funds. The airdrop program is based on three key criteria: integrity, diligence value, and score.

A whale hoarded 600 BTC two hours ago, equivalent to about 43.33 million US dollars. In the past two weeks, the whale has increased its holdings by a total of 2,000 BTC (about 144.82 million US dollars), with a floating profit of 6.3 million US dollars.

Despite calls for his resignation and former President Trump's vow to remove him from office if re-elected, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has reaffirmed his regulatory approach. Speaking at a fintech conference in Las Vegas on Monday, Gensler reiterated his commitment to the SEC while in office. With the November 5 election approaching, he acknowledged the political pressure, especially from the cryptocurrency industry, and said: "Democracy has its consequences, but we will continue to do what we do well at the SEC until the referee blows the whistle, as I said."

TIA unlocks tonight, with a total of 92.3 million TIA entering circulation, which will serve as a cap on spot market selling pressure. TIA has a 21-day unlock period, and those who wished to unlock TIA for trading on October 31 have already unlocked it. The sum of the number of tokens that are unlocked, the number of tokens in the 21-day unlock queue, and the approximately 24.1 million tokens that have not been accounted for equals 92.3 million TIA. This equates to a maximum selling pressure of approximately $460 million. Another interesting data point is that the ratio of (actual) circulating supply increase to current circulating supply has reached a dilution of 41.8%. A large number of tokens from the first unlock were sold to OTC buyers who hedged on perpetual contracts, causing a surge in open interest over the past few months. It is expected that these short positions will be reduced in large quantities, partially offsetting the selling pressure in the spot market. This funding reset may send a long signal to spot buyers. Short positions will continue to decrease until unlocked, and the funding rate may reset to 0 or positive. Investors who missed the October 9th unlock deadline may also unlock during October, causing a further increase in spot supply (amount to be sold) in November. Regardless, the supply shock is huge, and this is the most anticipated unlock event in this cycle. This, combined with the suppression of OTC discounts, may bring a lot of trading activity to this coin.

Kroma, an Ethereum Layer2 network developed by Lightscale, a subsidiary of South Korean gaming company Wemade, announced on the X platform that it has launched a KRO airdrop claiming page, with a claiming period of 90 days in the first quarter. Previously, the project stated that it would allocate 17% of the total KRO supply to the community airdrop. Please be careful to identify the official X account of the project and be wary of information and links released by fake accounts.

The X account of Renzo, a liquidity re-staking protocol, is suspected to have been stolen. It has released the so-called ezSOL contract and REZ contract addresses. Please do not interact with it.

Yesterday (October 29, EST), the Bitcoin spot ETF had a total net inflow of $870 million. As of press time, the total net asset value of the Bitcoin spot ETF was $72.545 billion, and the ETF net asset ratio (market value to the total market value of Bitcoin) reached 5.07%, with a historical cumulative net inflow of $23.284 billion.

Sol Strategies, a Canadian listed company, sold $1.71 million worth of Bitcoin and bought 12,389 SOLs, increasing the value of its SOL holdings to $23.51 million.

Lido announced the integration of Chainlink's Cross-Chain Interoperability Protocol (CCIP) to enable cross-chain staking between Ethereum Layer2 networks such as Arbitrum, Base, and Optimism. This integration will support Lido's direct staking feature, allowing users to stake ETH from different blockchain networks and receive wstETH. At launch, the feature supports staking through Arbitrum, Base, and Optimism networks.