Today's news tips:
Wong Tin-yau is appointed Chairman of the Hong Kong Securities and Futures Commission for a three-year term
NFT artist DeeKay responded to the wallet hacking incident: "The thief" is someone close to me, and I can get the lost funds back
Monochrome plans to launch Australia’s first Ethereum spot ETF on Cboe
Vitalik published an article discussing what improvements can be made to the design of proof-of-stake technology and how to improve it
Grass Foundation: Airdrop One airdrop qualification query page will be launched on October 21
2024 Nobel Prize in Economics awarded to Daron Acemoglu, Simon Johnson and James A. Robinson
Bitcoin spot ETF had a net inflow of $308 million last week, while Grayscale ETF GBTC had a net outflow of $50.02 million
CoinShares: Digital asset investment products saw net inflows of $407 million last week
Regulatory News
SpaceX successfully recovered Starship for the first time
According to Jinshi, SpaceX successfully used the "chopstick" robotic arm on the launch tower to clamp the first-stage super-heavy rocket during the fifth Starship test flight, completing an important goal of this launch mission. More than 2 minutes after the Starship was launched, the first-stage super-heavy rocket separated from the Starship and began to return. More than 6 minutes after the Starship was launched, the first stage was successfully clamped by the "chopstick" robotic arm on the launch tower. This is the first time SpaceX has attempted to recover the first stage of the Starship.
Wong Tin-yau is appointed Chairman of the Hong Kong Securities and Futures Commission for a three-year term
According to Jinshi.com, Dr. Wong Tin-yau has been appointed Chairman of the Hong Kong Securities and Futures Commission for a three-year term, from October 20, 2024 to October 19, 2027.
Man with gun arrested near Trump campaign rally
According to Jinshi, the Sheriff of Riverside County, California, said that a man was arrested near the campaign rally of former US President Trump in Coachella Valley, California. The man was carrying weapons and a fake pass. Local police said that the man might be planning to assassinate Trump. Local police said that the man's name is Wim Miller. At about 17:00 on the 12th, Western Time, he showed a fake pass at a security checkpoint and was found by the police to illegally possess a shotgun, a loaded pistol and a large-capacity magazine.
TD Bank becomes first bank in history to conspire for money laundering, to pay $3 billion fine
According to News.bitcoin, TD Bank, one of the largest financial institutions in the United States, agreed to pay a record $3 billion fine after pleading guilty to felony charges, the largest fine ever imposed under the (Bank Secrecy Act). The bank is the largest bank in U.S. history to plead guilty to a (Bank Secrecy Act) scheme failure and the first to admit conspiracy to money laundering. The Department of Justice highlighted the bank's compliance failures, which created an environment for rampant financial crimes.
TD Bank admitted to failing to maintain an adequate anti-money laundering program between January 2014 and October 2023. During that period, the bank failed to monitor $18.3 trillion in customer activity, allowing three money laundering networks to move more than $670 million through its accounts. One of the schemes involved five bank employees. The bank’s automated transaction monitoring system, designed to flag suspicious activity, was intentionally ineffective. Senior executives, including the future chief anti-money laundering officer, were aware of the system’s flaws but failed to address them.
Project News
NFT artist DeeKay responded to the wallet hacking incident: "The thief" is someone close to me, and I can get the lost funds back
NFT artist DeeKay said that the identity of the thief has been identified and the funds will be recovered. DeeKay pointed out that this person is someone very close and has access to the handwritten mnemonics, so this does not involve hacking of Google Drive, malware or similar content. But he cannot reveal all the details.
According to previous news, NFT artist DeeKay’s wallet was hacked and all assets except NFTs were stolen.
Zulu Network official X account was hacked and posted a phishing tweet
According to Scam Sniffer, the X account of Bitcoin L2 protocol Zulu Network was hacked and posted a phishing tweet.
Binance Finance launches Smart Arbitrage, which allows you to earn funding fees by hedging perpetual contract positions and spot positions
According to the official announcement, Binance Finance has launched a smart arbitrage product, which allows users to earn funding fees by hedging perpetual contract positions and spot positions. It aims to help users profit from funding fees while minimizing the risk of price fluctuations.
Monochrome plans to launch Australia’s first Ethereum spot ETF on Cboe
According to Decrypt, Monochrome Asset Management is preparing to launch Australia's first Ethereum spot ETF on the Chicago Board Options Exchange (Cboe). The Monochrome Ethereum ETF (IETH) will begin trading on Monday, following the company's launch of the Bitcoin ETF (IBTC) in August 2023, which currently has $15 million ($10.1 million) in funds.
Although this is far from the size of the billions of dollars held in the United States, the fund positions itself as the world's first fund to offer physical Ethereum subscriptions and redemptions. The ETF will also be available on most Australian brokerage platforms, supporting transfers from crypto platforms, decentralized wallets and cold wallets. Crypto financial services company BitGo and cryptocurrency exchange operator Gemini will provide custody services for IETH, while State Street Australia will serve as the fund administrator.
Vitalik published an article discussing what improvements can be made to the design of proof-of-stake technology and how to improve it
Vitalik published a new article on the future development of the Ethereum protocol (Part 1: The Merge): (Possible futures of the Ethereum protocol, part 1: The Merge). It discusses how the technical design of proof of stake can be improved and how to achieve these improvements.
Grass Foundation: Airdrop One airdrop qualification query page will be launched on October 21
Grass Foundation stated on X Platform that the Airdrop One airdrop eligibility query page will be online on October 21st. The first Grass airdrop was the most widely distributed airdrop in history. In addition, claims are not yet open and will not be online on October 21st. It is just a checker. Please proceed with caution to avoid being scammed. There are currently no on-chain transactions to sign.
Earlier news, Grass, an artificial intelligence (AI) web crawler project based on the Solana network, issued a reminder on the X platform, asking users to connect the Solana wallet on the Grass dashboard before 8:00 Beijing time on October 1. If the deadline is missed, users will not be able to receive the rewards of the first airdrop.
2024 Nobel Prize in Economics awarded to Daron Acemoglu, Simon Johnson and James A. Robinson
According to the official announcement of the Nobel Prize, the 2024 Swedish Central Bank Prize in Economics in Memory of Alfred Nobel was awarded to Daron Acemoglu, Simon Johnson and James A. Robinson in recognition of their "research on how institutions are formed and affect prosperity". The research of the three winners explains why the richest 20% of the world's countries are now 30 times richer than the poorest 20%, and this income gap persists. Although poor countries have developed, they have failed to narrow the gap with rich countries.
Their research shows that inclusive institutions, reduced resource plunder and the introduction of the rule of law can lead to long-term prosperity. However, why don't the elites simply replace the existing economic system? The winners used a model to explain the three major factors in the formation and change of political institutions: first, the conflict between resource allocation and decision-making power; second, the public puts pressure on the elites through mobilization in certain circumstances; and finally, the "commitment problem", that is, the elites have to hand over decision-making power to the masses.
Investment and Financing
Samara Asset Group plans to issue €30 million in bonds to expand Bitcoin holdings
According to CoinDesk, investment company Samara Asset Group plans to issue up to 30 million euros (about 32.78 million U.S. dollars) in bonds to increase Bitcoin reserves and expand its investment portfolio. The bond issuance will be managed by Pareto Securities and the bonds will be listed on the Oslo and Frankfurt Stock Exchanges with a minimum subscription amount of 100,000 euros.
The company plans to use the proceeds from the bonds to buy shares in alternative investment funds and increase its Bitcoin holdings. Samara CEO Patrik Lowry said this would further strengthen the company's balance sheet and diversify investments into emerging technology sectors. Bitcoin is currently Samara's main treasury reserve asset.
Important data
Bitcoin spot ETF had a net inflow of $308 million last week, while Grayscale ETF GBTC had a net outflow of $50.02 million
Ethereum spot ETF had a net outflow of $5.22 million last week, and Grayscale Ethereum Trust ETF ETHE had a net outflow of $19.08 million
Galaxy Digital's wallet withdrew 57 BTC from Binance about 2 hours ago
According to The Data Nerd, 2 hours ago, wallet 187f5 (belonging to Galaxy_Digital) withdrew 57 BTC (about $3.56 million) from Binance. Within a week, this wallet has accumulated a total of 500 BTC (about $31.38 million). So far, it has a total of 3,912 BTC (244.45 million US dollars).
Galaxy Digital OTC address deposited 7,000 ETH to OKX and Binance in the past 2 hours
According to @ai_9684xtpa, in the past 2 hours, Galaxy Digital OTC address 0x335...75836 recharged 7,000 ETH worth $17.48 million to OKX and Binance. Currently, the address still holds 6,886 ETH with a total value of $17.3 million.
Data: ARB, AXS, EIGEN and other tokens are scheduled to be unlocked next week, of which ARB unlocked value is about 49.4 million US dollars
Token Unlocks data shows that ARB, AXS, and EIGEN tokens will be unlocked in large amounts next week, including:
Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9:00 pm Beijing time on October 16, accounting for 2.56% of the current circulation and worth approximately US$49.4 million;
Axie Infinity (AXS) will unlock approximately 9.25 million tokens at 9:10 pm Beijing time on October 14, accounting for 6.08% of the current circulation and worth approximately US$43.1 million.
Eigenlayer (EIGEN) will unlock approximately 11.22 million tokens at 3:00 a.m. Beijing time on October 16, accounting for 6.01% of the current circulation, with a value of approximately US$43.9 million;
Starknet (STRK) will unlock approximately 64 million tokens at 8:00 am Beijing time on October 15, accounting for 3.30% of the current circulation, with a value of approximately US$26 million;
Taiko (TAIKO) will unlock about 12 million tokens at 8:00 am Beijing time on October 14, accounting for 14.99% of the current circulation, with a value of about US$18.7 million;
ApeCoin (APE) will unlock about 15.6 million tokens at 8:30 pm Beijing time on October 17, accounting for 2.31% of the current circulation and worth about US$11.2 million;
Pixels (PIXEL) will unlock approximately 54.38 million tokens at 6:00 pm Beijing time on October 19, accounting for 7.05% of the current circulation and worth approximately US$7.2 million;
Cardano (ADA) will unlock about 18.53 million tokens at 8:00 am Beijing time on October 17, accounting for 0.05% of the current circulation, with a value of about US$6.5 million;
Echelon Prime (PRIME) will unlock 750,000 tokens at 8:00 am Beijing time on October 17, accounting for 1.57% of the current circulation, with a value of approximately US$6.1 million;
Ethena (ENA) will unlock approximately 12.86 million tokens at 3:00 pm Beijing time on October 16, accounting for 0.47% of the current circulation, with a value of approximately US$4.4 million;
Render (RENDER) will unlock approximately 490,000 tokens at 8:00 am Beijing time on October 14, accounting for 0.13% of the current circulation, with a value of approximately US$2.7 million;
CYBER (CYBER) will unlock about 890,000 tokens at 4:00 pm Beijing time on October 14, accounting for 3.81% of the current circulation, with a value of about US$2.6 million;
Astar (ASTR) will unlock approximately 9.72 million tokens at 8:00 am Beijing time on October 17, accounting for 0.13% of the current circulation, with a value of approximately US$580,000.
Nym (NYM) will unlock approximately 2.73 million tokens at 8:00 a.m. Beijing time on October 15, accounting for 0.34% of the current circulation and worth approximately US$200,000.
Bitcoin hits $65,000, up 4.3% on the day
According to the OKX market data, Bitcoin has reached $65,000 and is currently trading at $64,915.9, with a daily increase of 4.3%.
Google searches for 'Bitcoin' fall to lowest level of the year, while searches for 'memecoin' surge
As Cointelegraph reported, Google searches for “Bitcoin” hit a one-year low during the week of October 12, 2024. With a metric of 100, global interest in the search term fell to just 33 by the end of the week. Meanwhile, searches for “memecoins” were at 77% during the same period, but have yet to break the all-time high of 100 set in late October 2023. However, CryptoQuant CEO and founder Ki Young Ju believes that memecoin searches will return to their previous all-time highs by the end of October 2024 as market interest in these digital assets remains high.
Last week, NFT market transaction volume fell 8.78% year-on-year, and the number of buyers and sellers both fell by more than 60% year-on-year.
According to News.bitcoin, NFT trading volume fell last week to $77.46 million, down 8.78% year-on-year, with a significant decrease in both buyers (down 64.47%) and sellers (down 66.40%). Ethereum NFT topped the list with a trading volume of $27 million, up 4.95% year-on-year. It was followed by Bitcoin NFT with a trading volume of $16.78 million, up 29.36% year-on-year, while Solana NFT ranked third with a trading volume of $11.38 million, up 1.95% year-on-year.
CoinShares: Digital asset investment products saw net inflows of $407 million last week
Digital asset investment products saw $407 million in inflows last week, according to CoinShares’ latest weekly report, as investors’ decisions may be influenced more by the upcoming U.S. election than the outlook for monetary policy. The trend is evident as stronger-than-expected economic data did little to stem outflows, while the recent U.S. Vice Presidential debate and subsequent polls swinging toward Republicans, who are seen as more supportive of digital assets, led to inflows and immediate price increases. . As expected, perhaps due to the political nature of the recent inflows, the United States saw an inflow of $406 million, while the other country with significant inflows was Canada with $4.8 million. Bitcoin inflows totaled $419 million, making it the main beneficiary of recent political changes. This compares to $6.3 million in outflows from short-term Bitcoin investment products.
