The latest financial report of US technology giant Meta shows that its Metaverse business is still losing billions of dollars every quarter. Meta released its third-quarter financial report on Wednesday, saying that its Reality Labs division, which develops augmented reality and virtual reality technology, suffered an operating loss of $4.43 billion. The loss was slightly smaller than the $4.68 billion expected by analysts surveyed by StreetAccount.

Base, the Ethereum Layer 2 network developed by Coinbase, announced on the X platform that fault proofs are now live on the Base mainnet, marking an important milestone on Base's path to decentralization. With the introduction of this mechanism, anyone can monitor and challenge invalid withdrawal transactions without permission, eliminating the need for third-party trust.

Regarding MicroStrategy's recent plan to raise $42 billion in the next three years, Wang Feng, founder of Linekong Interactive, posted on the X platform today that in 2019, he proposed that Linekong Interactive invest $20 million to buy Bitcoin (the price was less than $6,000 per coin at the time), but was strongly opposed by board members and a major shareholder representative and threatened to sue. At present, he regrets that this plan was not implemented at the time, and said: "MicroStrategy started buying Bitcoin on a large scale only in 2020. If my plan for the listed company in 2019 can be implemented, we will have about 2 billion yuan in cash on the books." Then, Wang Feng mentioned that the company did not start to implement the Bitcoin investment plan until Wang Feng resumed his position as CEO in early 2023, but the price of Bitcoin had risen to $26,000 per coin at that time.

Five hours ago, Wintermute withdrew 115 BTC (about $8.32 million) from Coinbase. Within 24 hours, it withdrew a total of 1,713 BTC (about $123.8 million) from Binance, Coinbase, and Cobo. It currently holds 1,969 BTC (about $143 million).

The total computing power of the Bitcoin network briefly exceeded 800 EH/s, reaching a maximum of 803.75 EH/s, a record high. The current total computing power of the Bitcoin network is 749.52 EH/s.

Polygon co-founder Daniel Lubarov said on the X platform that its zero-knowledge proof system Plonky3 can now process more than 2 million Poseidon2 hash operations per second. This progress is mainly related to memory optimization, including avoiding data copying, skipping zeroing operations, and merging FFT steps to keep content in cache.

Yesterday (October 30, EST), Bitcoin spot ETFs had a total net inflow of $893 million. As of press time, the total net asset value of Bitcoin spot ETFs was $72.458 billion, and the ETF net asset ratio (market value to the total market value of Bitcoin) reached 5.03%, with a historical cumulative net inflow of $24.177 billion.

A report from the Financial Services Commission of South Korea shows that the number of cryptocurrency investors in the country reached 7.78 million in the first half of 2024, up 21% from 6.45 million in the second half of 2023. During the same period, the average daily trading volume of cryptocurrencies increased by 67%, from 3.6 trillion won to 6 trillion won. In addition, the total market value of cryptocurrencies in the country increased by 27% to 55.3 trillion won. The profits of 21 local crypto exchanges also jumped 106% to 590 billion won.

Well-known American investor Mark Cuban received 475 ETH (about $1.28 million) from the Genesis Trading associated address 11 hours ago. It has been three months since he last traded Ethereum. His earliest cryptocurrency trading can be traced back to 2017, when ETH was only $400. Rootdata data shows that he has also invested in well-known projects such as Polygon, Arbitrum, and Swell.

SUNRAY FINANCE private key was leaked; the attacker gained ownership of SUN and ARC tokens and minted a large number of tokens, which were then sold to exhaust the trading pairs. At present, the attacker has stolen $2.855 million.

A new investigation by Loock Advising shows that MrBeast, a YouTube celebrity with 320 million followers, has been engaged in long-term insider trading, misleading investors, and using his influence to promote tokens and then dumping them on the market. MrBeast has made a total profit of more than $23 million in more than 50 crypto wallets. The investigation found that projects related to MrBeast include: SuperFarm, ERN, AIOZ, Refinable, CryptoPunks, VeeFriends, SHOPX, XCAD, Jigstak (STAK), Polychain Monsters (PMON), Boson Protocol (BOSON), Standard Protocol (STND), Ally Direct (DRCT), Ternoa (CAPS), METIS L2 (METIS), PlayMetaGods, MetaWars, etc.

A whale transferred 92,751 SOL (about 16.34 million US dollars) to Binance 5 hours ago, realizing a profit of 3.3 million US dollars.

MicroStrategy Executive Chairman Michael Saylor appears to have been deceived by a social media post containing false information about Trump’s stance on taxing cryptocurrencies. In an X-post to his more than 3.6 million followers on Oct. 30, Saylor quoted Trump as saying that cryptocurrencies should not be taxed and that “Bitcoin is money.”

Microsoft shareholders have begun a preliminary vote on whether the company should invest in Bitcoin.