Industry News
1. Tether: As of Q3, 330 million on-chain wallets and accounts have received USDT.
2. Starknet: It is planned to transform into a fully decentralized PoS network through four stages.
3. Vitalik: Published an article discussing The Surge, the future development of the Ethereum protocol. Key goals include achieving maximum L2 interoperability.
4. Galaxy Digital: The crypto industry received $2.4 billion in venture capital in Q3, a 20% decrease from the previous quarter.
5. a16z crypto: The number of active addresses and usage of cryptocurrencies reached an all-time high this year 6. Immutable zkEVM: Now open to all developers.
7. PayPal: The market value of the PYUSD stablecoin has fallen 40% from its August high. 8. The largest FOREST holder suspected to be related to the creator of Truth Terminal has a 40-fold profit
Legal and Regulatory
1. A US judge ruled: Juan Tacuri, one of the founders of the crypto Ponzi scheme Forcount, was sentenced to a maximum of 240 months in prison.
2. Bitwise: Submits its XRP ETF S-1 filing to the SEC.
3. Quantify Funds: Launches BTGD ETF that combines Bitcoin and physical gold.
Security and Attacks
1. Radiant Capital: Attacked, lost more than $51 million on Arbitrum and BNB Chain.
2. Game developer FractureLabs: sued Jump Trading for making millions of dollars by manipulating the price of its tokens.
3. Shiba Inu Kabosu: The owner’s Instagram account was hacked and false content was posted.
Investment and Acquisition
1. Stripe: In-depth negotiations to acquire Bridge, a fintech company focused on stablecoins.
2. VanEck: It has made two long-term investments in the gaming sector, one in Parallel and the other has not yet been announced.
3. Robinhood: Launches desktop platform and adds new features such as Bitcoin futures trading in mobile apps. 4. Cumulative net inflows of 11 Bitcoin spot ETFs in the United States reached $20 billion. In the first three days of this trading week alone, 11 Bitcoin ETFs have received net inflows of $1.39 billion, with no outflows.
It is worth mentioning that during this period, BlackRock IBIT increased its holdings by 11,331 BTC (US$762 million), bringing its total holdings to 380,971 $BTC (US$25.7 billion), which is more than one-third of all US spot Bitcoin ETF holdings.
Gossip: The whole network is eating the gossip about Yi Jianlian, and his ID card photo has been exposed. If you don’t understand, just ask: What does TS mean? 🤔
Figure: Daily market overall capital heat (reflected by capital rate) and inflow and outflow (reflected by ETF inflow and outflow) observation