According to Cointelegraph, Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), sent a "Sweet Sixteen" blessing to the 16th anniversary of the release of the Bitcoin white paper in an interview with Bloomberg. In the interview, he said that the SEC will continue to maintain its current "law enforcement and supervision" strategy for crypto assets, emphasizing the importance of protecting investors and the healthy development of the market.
Gensler declined to comment on Trump's remarks that he plans to replace him if he is re-elected as president in 2024. The day before the interview, the SEC's regulatory department listed crypto assets as a key regulatory target in 2025. Although there is controversy over Gensler's regulatory approach, he has not revealed any intention to change the current policy.
The Bitcoin white paper was released on October 31, 2008, and this year will mark its 16th anniversary.
According to Radiant Capital's official reminder, all users who have interacted with Radiant need to take immediate action to revoke the authorization of the relevant contracts. Radiant warned that if the authorization is not revoked in time, user funds may be at risk of being stolen. Users can remove permissions by visiting revoke.cash to ensure the safety of their assets.
Radiant said the team is working hard to track and freeze the stolen funds and is working closely with security experts and law enforcement agencies to prevent further losses.
Across proposes to limit token supply after LayerZero founder raises issues with its contract
According to The Block, after being criticized by LayerZero Labs CEO Bryan Pellegrino, Across Protocol co-founder Hart Lambur proposed on Monday evening to permanently limit the supply of ACX tokens to 1 billion. If the proposal is approved by the Across community, Across Governance will also give up its ownership of ACX tokens and set them to 0x0 - preventing any future changes to the token supply through minting or destruction.
Previously, Pellegrino pointed out that there were "serious problems" with the Across token contract. However, this move was opposed by the community, who believed that this was more of a transparency issue than a security vulnerability. Pellegrino stated: "You mistakenly exposed the internal private function (used to destroy tokens) written by OpenZeppelin in its ERC-20 token implementation and gave it to your contract owner-this allows you to withdraw (destroy) tokens from any wallet at any time and arbitrarily return any account to zero." He also claimed that the cross-protocol and UMA protocol contracts can mint tokens indefinitely, and suggested that in order to solve this problem, ownership should be transferred to an immutable smart contract to prevent the minting of tokens exceeding the total supply, not allow destruction, and not transfer ownership.
Lambur initially refuted Pellegrino’s allegations, but later admitted that while Pellegrino was wrong to believe that its ERC-20 implementation had serious vulnerabilities, “the design choices were wrong,” adding that the proposal was made in the “spirit of decentralization and transparency.” The proposal is currently undergoing a temperature check vote, with 99.5% in favor of setting a supply cap.
Aurum Equity Partners to Launch $1 Billion Tokenized Equity and Debt Fund on XRP Ledger Blockchain
Aurum Equity Partners, a private equity firm, has launched the world's first $1 billion tokenized fund combining equity and debt. The fund uses Zoniqx's asset tokenization technology and XRP Ledger blockchain to promote innovation in AI, IoT and cloud infrastructure. The project will establish data centers in the United States, the United Arab Emirates, Saudi Arabia, India and Europe to increase investment liquidity and transparency through tokenization. Aurum has partnered with Zoniqx to demonstrate the practical application of blockchain technology in traditional financial markets and help the digital transformation of global asset management.
Coinbase International will launch Scroll perpetual futures contracts
Coinbase International Station announced on the X platform that Coinbase International Station and Coinbase Advanced will add support for Scroll perpetual futures contracts. The SCR-PERP market is expected to open at or after 20:30 on October 22, 2024, Beijing time.
DeFi platform Azura completes $6.9 million seed round of financing, led by Initialized
According to Fortune magazine, DeFi platform Azura officially launched on Tuesday after raising $6.9 million in a seed round led by Initialized. Other investors include Volt Capital, Winklevoss Capital, Solana co-founder Raj Gokal, etc. The funds will be used to expand the scale of applications, including increasing company salary expenses, improving software, and purchasing better servers.
According to reports, Azura provides market data access, full transaction lifecycle support and DeFi asset transactions. It will connect various crypto wallets, blockchains, exchanges and other protocols within an interface layer. Azura also reduces trust risks by eliminating middlemen and returning control to users. Azura was launched a year ago as a private invitation-only closed beta under the name Thunder. This is a product test in which only a selected group of users can participate. It is reported that all Thunder users will migrate to Azura.
Notional value of $4.2 billion in BTC options and $1 billion in ETH options will expire this Friday
According to CoinDesk, data shows that BTC and ETH options contracts with nominal values of $4.2 billion and $1 billion, respectively, will expire on Deribit on Friday. The biggest pain point for Bitcoin options is $64,000, with a put/call ratio of 0.62, indicating that market sentiment is optimistic. Ethereum is currently trading at around $2,600, which is exactly at its biggest pain point.
It is worth noting that more than $682 million worth of BTC options (equivalent to 16.3% of the total $4.2 billion) will be "in-the-money" at expiration, most of which are call options. When the strike price of a call option is lower than the current market price, the option is considered in-the-money; while in-the-money put options are options with a strike price higher than the spot price.
Bitcoin mining difficulty increased by 3.94% to 95.67 T this morning
CloverPool data shows that the difficulty of Bitcoin mining has been adjusted at block height 866,880 (2024-10-23 02:05:01), with the difficulty of mining increasing by 3.94% to 95.67 T, a record high. The current average computing power of the entire network is 706.03 EH/s.
