According to Dune data, Farcaster's revenue performance in October was particularly sluggish, with only four days of daily revenue exceeding $1,000, and the cumulative revenue this month was only $10,000. Compared with the growth trend at the beginning of the year, Farcaster's revenue growth has slowed down since its financing in May, and it has been less than $1 million so far.

PANews reported on October 25 that according to the Grass Foundation announcement, one of the most widely distributed airdrops in history, "GRASS Airdrop One", will be held at 21:30 (Beijing time) on October 28, 2024. This airdrop is an important step in building the first user-owned Internet map. GRASS tokens will be used for network repurchases, payment of network fees, staking to ensure the security of network infrastructure, rewarding user contributions, and giving holders governance rights.

The ETH/BTC exchange rate continues to fall and has now fallen to 0.0371. It is reported that James Fickel still holds a loan position of 1,116 WBTC (about 75.77 million US dollars).

Arkham Intelligence tweeted that the US government-related address was suspected to have been attacked, and about $20 million of USDC, USDT, aUSDC and ETH were transferred to the attacker's address. The attacked address 0xc9E had received funds transferred from 9 US government-seized addresses related to the Bitfinex hacking case. Currently, the attacker's address 0x348 has begun to convert these funds into ETH, and is suspected of laundering them through suspicious addresses related to money laundering services.

South Korea plans to regulate cross-border transactions of virtual assets such as cryptocurrencies by introducing registration and reporting requirements starting in the second half of 2025. Under the new rules, companies handling cross-border transactions of virtual assets will be required to register with authorities in advance and report transactions to the Bank of Korea on a monthly basis, the Ministry of Finance said.

Bluesky emphasized that it would not "over-financialize" its social experience by integrating technologies such as crypto tokens or NFTs. Bluesky is built on the decentralized AT protocol and currently has more than 13.1 million users. It plans to use the funds to strengthen community development and platform security, while developing subscription models and creator micropayment functions, but will not use cryptocurrencies.

Microsoft will put the proposal to "evaluate investment in Bitcoin" on the ballot at its annual shareholder meeting on December 10. The board of directors recommended that shareholders vote against the proposal, deeming it "unnecessary," and said the company's management had "carefully considered" the issue.

The bill allows residents to self-custody digital assets and clarifies the tax guidelines and payment rights for Bitcoin transactions. The bill was drafted by the Bitcoin advocacy organization Satoshi Action Fund and reflects the trend of states promoting the standardization of cryptocurrencies in the absence of clear federal regulation. If passed by the Senate, the bill will be submitted to Governor Shapiro for signature.

Binance Labs announced an investment in Solana ecosystem fitness accountability app Moonwalk Fitness. Moonwalk Fitness plans to use this round of financing to accelerate product development and launch iOS and Android apps.

Coinbase International Station announced on the X platform that Coinbase International Station and Coinbase Advanced will add support for ApeCoin perpetual futures contracts. The APE-PERP market is expected to open at or after 17:30 on October 31, 2024, Beijing time.

OpenAI is disbanding its "AGI Readiness" team, which was responsible for assessing OpenAI's ability to handle increasingly powerful AI technologies and evaluating the world's readiness for such technologies, and will reassign its members to other teams at OpenAI.

Six hours ago, a whale deposited another 870 BTC (about 58.2 million US dollars) into Binance. Since October 16, the whale has deposited 5,729 BTC (about 385 million US dollars) into Binance.