Rhythm Evening News | FTX and Alameda addresses have transferred a total of $59 million worth of crypto assets; Stars Arena announced that it has officially established a company and is preparing for seed round financing

Featured News:
1. As of October 27, FTX and Alameda addresses have transferred a total of $59 million worth of crypto assets;
2. Stars Arena announced that it has officially established the company and is preparing for seed round financing;
3. He Yi: Binance Labs’ assets have reached 9 billion US dollars, and Binance Charity’s cumulative donations have exceeded 30 million US dollars;
4. Taiwan officially proposed a draft virtual asset management regulation;
5. Cosmos Hub proposes to allocate $5.7 million for core development and testing in 2024, with a majority of votes against
Price Watch
The Bitcoin Volatility Index rose to 60.2 yesterday, a daily increase of 1.9%
On October 27, the BitVol (Bitcoin volatility) index launched by financial index company T3 Index and Bitcoin options trading platform LedgerX rose to 60.2 yesterday, a daily increase of 1.9%.
BlockBeats Note: The BitVol index measures the 30-day expected implied volatility derived from the price of tradable Bitcoin options. Implied volatility refers to the volatility implied by the actual option price. It is the volatility inferred by substituting the actual option price and other parameters except volatility σ into the B-S option pricing formula. The actual price of the option is formed by the competition of many option traders. Therefore, the implied volatility represents the market participants' views and expectations on the future of the market, and is therefore regarded as the closest to the actual volatility at the time.
FLOKI briefly broke through $0.00004, with a 24-hour increase of 21%
On October 27, according to OKX market data, FLOKI briefly broke through $0.00004 and is currently quoted at $0.00003845, a 24-hour increase of 21%.
MBOX breaks through $0.28, with a 24-hour increase of 15.9%
On October 27, according to market data, MBOX broke through $0.28 and is currently quoted at $0.2858, with a 24-hour increase of 15.9%.
Tottenham Hotspur Fan Token (SPURS) price breaks through $4, up more than 30% today
On October 27, according to OKX market data, the price of Tottenham Hotspur fan tokens (SPURS) exceeded US$4, with an increase of more than 30% today.
Transaction Tracking
DCG will sell 50,000 shares of Grayscale BCH Trust, and has sold a total of 230,000 shares in the past three months
On October 27, according to official SEC documents, Bitcoin Cash Trust (BCH) under crypto asset management company Grayscale plans to sell 50,000 shares on the OTCQX exchange. The securities sold are held by DCG International Investments Ltd., and the total market value of the sale is expected to be US$93,050. The sale is scheduled to take place on October 26 local time.
It is worth noting that DCG International Investments Ltd. has sold Grayscale Bitcoin Cash Trust shares several times in the past three months. Including this sale, the total sales volume reached 230,000 shares.
Data: Upbit deposited 240,000 CYBER into Binance and still holds 916,800 CYBER
On October 27, according to Scopescan, 2 hours ago, Upbit transferred 240,000 CYBER (US$1.462 million) to its affiliated wallet address and then deposited it into Binance. Currently, Upbit still holds 916,800 CYBER (US$5.71 million).
Data: 0x87C address has withdrawn 27,453 ETH from Coinbase in the past 6 days, with a total value of approximately US$49.11 million
On October 27, according to @EmberCN’s monitoring, since the start of this round of price rise, the 0x87C address has withdrawn a total of 27,453 ETH (worth approximately US$49.11 million) from Coinbase in the past 6 days, with an average price of approximately US$1,745.
Falcon X deposited 5,690 MKR to multiple CEXs at an average price of $1,497
On October 27, according to monitoring by The Data Nerd, in the past three days, the cryptocurrency broker Falcon X deposited a total of 5,690 MKR (about 8.52 million US dollars) to multiple CEXs at an average price of 1,497 US dollars. The current balance of its address is 10,150 MKR (about 14.17 million US dollars).
The Uniswap Foundation transferred another 500,000 UNI to OKX 13 hours ago, equivalent to approximately US$2.15 million.
On October 27, according to Spot On Chain, the Uniswap Foundation transferred another 500,000 UNI (US$2.15 million) to OKX 13 hours ago. In the past 4 days, the Uniswap Foundation has transferred 7.4 million UNI (US$31.8 million) to the trading platform. The Uniswap Foundation still holds 3.7 million UNI (US$15 million).
A whale transferred 19,000 BTC to a new address, equivalent to about $649 million
On October 27, according to Paidun’s monitoring, a whale transferred 19,000 BTC to a new address, which is currently worth about $649.63 million. It is understood that the BTC in this address was transferred in 11 months ago, when it was worth $317.84 million.
Wintermute transferred 1 million ARB to Binance 7 hours ago, equivalent to about $947,000
On October 27, according to Scopescan, 7 hours ago, Wintermute transferred 1 million ARB (US$947,000) to Binance. Wintermute has transferred a total of 7.75 million ARB (US$6.86 million) to Binance, and the price of ARB has risen by 20% in the past week.
Data: Wintermute transferred 4 million ARKM to Binance
On October 27, according to Scopescan monitoring, Wintermute transferred 4 million ARKM to Binance 35 minutes ago, equivalent to about 1.488 million US dollars. It is reported that these ARKM can be traced back to the Arkham Ecosystem Fund.
Project News
The full-chain MOBA game (Arena of Faith) is officially launched and officially recommended by Google Play
On October 27, the full-chain MOBA game (Arena of Faith) was officially launched on Google Play and APP Store. (Arena of Faith) is a game that combines global competition, unique economic model and token incentive mechanism. Its main features include: three-terminal online global competition interconnection, competitive competition core, skin and avatar driven economic model, and the introduction of skin and avatar driven economic model in the game, as well as ACP token reward mechanism. The game is now online on Google Play and App Store, and the PC version can also be downloaded on the official website. Various competitions such as arena competitions, cup competitions, and championships are underway, opening up a new Web3 competition experience.
Cosmos Hub proposes $5.7 million for core development and testing in 2024, with a majority of votes against
On October 27, the Cosmos Hub officially proposed a new proposal to fund core development and testing work in 2024. According to the proposal, the Cosmos Hub team of Hypha Worker Co-operative and Informal Systems will receive financial support. The total budget is $5.7 million (30% ATOM and 70% USDC), plus a performance bonus of 100,000 ATOM. This funding will replace the funds currently received by the two teams from the Interchain Foundation and make these teams directly responsible to the community. Currently, the proposal has a majority of votes against it.
Ethereum Developer Confirms Dencun Upgrade Won’t Happen Before the End of the Year
On October 27, Blockworks reported that Ethereum client developers confirmed on Thursday that the expected Dencun upgrade will not be implemented in a network hard fork before the end of 2023. Anonymous Prysm developer Potuz confirmed in today's core developer conference call that it is impossible to fork the mainnet in 2023. He pointed out that in the past few months, the 10 developer networks that have launched test upgrades have been experiencing consensus problems, and "none of them have gone smoothly."
Last month, with the Ethereum Holesky testnet launching later than planned, consensus was that completing the Dencun upgrade before December was unlikely.
dYdX Chain is now live on the mainnet
On October 27, according to official news, DYdX Chain was officially launched on the mainnet as an independent Cosmos Layer 1. The validator created the genesis block of dYdX Chain at 1:00 am today. The dYdX Operations subDAO public bridge front-end is expected to be launched on October 30, 2023.
The post-Genesis phase includes Alpha and Beta, where the Alpha phase focuses on bridging, staking, and security, and the Beta phase will support transactions but without rewards. The transition from Alpha to Beta will be determined by factors such as governance voting.
Arbitrum “Orbit” Mainnet is ready
On October 27, Arbitrum Orbit was launched earlier this year, and blockchain developers can use Arbitrum's technology to launch their own layer 2 or layer 3 networks. Steven Goldfeder, CEO of Arbitrum's parent company Offchain Labs, said that previously these new layer 3 networks only ran on the Arbitrum test network. The Orbit plan was one of the first announcements released when the Arbitrum Foundation was established in March, aiming to achieve the decentralization of Arbitrum.
In June, Offchain Labs released documentation for Orbit, a developer-only network or “devnets.” According to Offchain Labs, Orbit will allow developers to “create their own dedicated chain to fit one of Arbitrum’s layer 2 or L2 chains” on Arbitrum One, Arbitrum Nova, Arbitrum Goerli, and Arbitrum Sepolia. Projects such as Syndr previously revealed that they had chosen Arbitrum’s Orbit network as a base, and subsequently chose Arbitrum’s Goerli testnet.
Galxe now integrates with Starknet
On October 27, the Web3 credential data network Galxe announced the integration of the Starknet network and completed integration with wallets Argent and Braavos.
deBridge launches OP Horizon incentive program, distributing 100,000 OP tokens for funding
On October 27, the cross-chain bridge deBridge announced the launch of the OP Horizon incentive program, which aims to distribute the 100,000 OP token grants received by deBridge. These grants will be allocated to projects/DApps that integrate with the DLN API or DLN Widget, or DLN Trade and deSwap users.
Aptos announces 14 winning projects from Singapore Hackathon
On October 27, Aptos announced the winning projects of the Aptos World Tour Hack Singapore, as follows:
The top three winning projects in the NFT, social, and gaming tracks are IntoTheVerse, Stickman, and TowneSquare.
The top three winning projects in the DeFi track are AptosPay, Amnis Finance, and fxSwap.
The top three winning projects in the Infrastructure, Tools, and Public Products tracks are dAptoRator, Dddappp, and Delegate.
The top three winners in the Move Most Innovative track were Econia Labs, Zabava Labs, and Aptomingos.
The winning projects in the Web3 x AI track are aptscan.ai and SwapGPT.
Neo to release MEV-resistant EVM-compatible sidechain by the end of the year
On October 27, Neo founder Da Hongfei announced at the Neo Asia Pacific Hackathon Hong Kong Finals that Neo is creating a sidechain that can resist miner extractable value (MEV) attacks and is compatible with the Ethereum Virtual Machine (EVM). The new sidechain will inherit the Neo N3 economic model and dBFT consensus mechanism, while also being resistant to malicious MEV attacks. The sidechain is under development and is expected to be released by the end of 2023.
Avalanche has released Cortina 14
On October 27, Ava Labs engineering director Patrick O'Grady said on social media that Avalanche Cortina 14 has been released. This version v1.10.14 is backward compatible with v1.10.0. The upgrade highlights include adding TransferSubnetOwnershipTx, redesigning validator set management, and adding PebbleDB implementation.
Musk plans to turn X into a comprehensive financial platform by the end of 2024
On October 27, according to The Verge, Elon Musk said in an internal call at X that he hopes X will become the center of users' financial lives, handling all matters related to money, and expects to launch related features by the end of 2024. He emphasized that it is not just a simple payment function, but a comprehensive financial service that allows users to have no bank account. X is currently working to obtain a payment business license in the United States in order to provide financial services.
In addition, Musk said X's transformation is directly related to his goal of turning it into an "all-in-one app," similar to China's WeChat, providing services such as shopping and transportation.
Memeland Token Community Presale has ended, raising a total of 8737 ETH
On October 27, the NFT project Memeland's MEME token community pre-sale (discounted sale) ended. On-chain data showed that the MEME token community pre-sale raised a total of 8,737 ETH (worth approximately $15.67 million).
MOBOX announces MBOX token brand upgrade, holders will receive exclusive benefits
On October 27, blockchain gaming platform MOBOX announced a major brand upgrade, and MBOX token holders will enjoy exclusive plans and benefits. MOBOX said that the purpose of this upgrade is to bring a new experience to users and further enhance the value of MBOX tokens. MOBOX will announce the details of the brand upgrade soon.
Lending Market 0VIX Resumes Operations on Polygon PoS
On October 27, according to an official announcement, 0VIX, the lending market on Polygon PoS, has successfully restored all functions, including repayments and withdrawals. In the near future, 0VIX will integrate with the new Keom Protocol to complete its transition to Keom. Keom plans to launch a series of AI-enhanced trading products, making full use of advanced zero-knowledge technology and proactively integrating user protection standards stipulated by the latest regulations. 0VIX was attacked in April this year and lost approximately $2 million. After the attack, 0VIX suspended the use of all protocol functions on Polygon PoS.
At the end of August this year, 0VIX announced that it would be renamed Keom, and 0VIX's lending market on Polygon PoS and Polygon zkEVM will be merged into Keom.
Platypus Finance plans to distribute refunds to affected users next week
On October 27, the stablecoin trading project Platypus Finance posted on social media that the team is calculating the exact number of tokens that each user deserves, including funds from aggregators. They are working closely with these partners to handle refunds on a case-by-case basis. Platypus Finance said its goal is to distribute refunds next week and will update in a timely manner when there is further news.
BlockBeats previously reported that on October 12, the stablecoin trading project Platypus on the Avalanche chain was attacked and lost more than 2 million US dollars.
CeFi News
Citadel Securities denies being behind UST collapse
On October 27, CoinDesk reported that billionaire Ken Griffin’s trading firm Citadel Securities denied Terraform Labs’ claim that Citadel Securities was behind the collapse of UST last May, and said that Terraform Labs’ move was used to divert attention from its allegations and force people to pursue absurd conspiracy theories. Not only was the time period requested irrelevant, but the theory was also unfounded.
BlockBeats previously reported that on October 13, Terraform Labs filed a motion with the court requesting market maker Citadel Securities to "provide certain data pursuant to a third-party subpoena," stating that this was "critical" to its defense in the lawsuit filed by the U.S. SEC.
The motion states that Terraform Labs issued subpoenas to Citadel Securities and Citadel Enterprise Americas for trading data "related to the May 2022 unpegging." Terraform points out that public evidence shows that Ken Griffin, the head of the Citadel entity, intended to short UST around the May 2022 unpegging.
OKX and WAX jointly launched a welfare activity. Create a WAX account in OKX Wallet to share BRWL token rewards
On October 27, according to official news, the Web3 gaming ecosystem Worldwide Asset Exchange (WAX) reached a strategic cooperation with Amazon Prime Gaming on October 26 this year, bringing the (Brawlers) game content to Amazon members in the first phase. In order to bring users more high-quality experience, OKX and WAX announced that they will jointly launch a welfare event. That is, from October 26 to November 3, players who create a WAX account on the OKX Wallet plug-in can share the BRWL token pool without gas fees.
It is reported that BRWL is the token of the game (Brawlers), which was developed and launched in 2022 by Tyranno Studios, a WAX ecological game studio invested by OKX Ventures. It is a Web3-based fighting strategy game that allows players to compete in highly innovative player-versus-player (PvP) confrontations and accumulate Brawler collections with the help of the in-game token BRWL.
Bitget Launchpad project T2T2 group buying mode is now officially open
On October 27, Bitget announced the launch of a new Launchpad project, T2T2, and launched the group buying mode for the first time. The current group buying mode is open, and three people can form a group. Old users can initiate a group, and new registered users can both initiate and join a group. Group users can invest up to twice their average holdings. The group buying time is: October 27 15:00 - November 6 15:00 (UTC+8).
CygnusDAO now integrates OKX DEX API
On October 27, according to official news, the decentralized stablecoin lending and leveraged trading protocol CygnusDAO has now integrated the OKX DEX API, allowing CygnusDAO users to use OKX DEX for leveraged trading with ultra-low slippage, best quotes, and better liquidity. CygnusDAO aims to achieve maximum capital utilization for stablecoin liquidity providers.
It is reported that the OKX Web3 wallet DEX section is a DEX and cross-chain aggregator. It has aggregated more than 10 cross-chains, more than 20 public chains, more than 300 DEXs, etc. Through X Routing intelligent routing, one transaction can use multiple DEXs at the same time, providing users with the best price, best liquidity and 0 transaction service fee. It also has DEX market section, limit order, KYT security detection and other functions.
Viewpoint Data
He Yi: Binance Labs assets reach 9 billion US dollars, Binance Charity cumulative donations exceed 30 million US dollars
On October 27, Binance co-founder He Yi shared Binance's diversified investment and philanthropy in an interview with Authority Magazine. She mentioned that Binance Labs, its venture capital and incubator, is committed to supporting and investing in strong projects and startups that generate long-term growth for the large-scale crypto and Web3 ecosystems. Binance Labs manages more than $9 billion in total assets, covering more than 250 portfolios in more than 25 countries on six continents, and has incubated 50 projects. In addition, He Yi also mentioned Binance Charity, the first non-profit charity organization to use blockchain technology, which has donated more than $30 million to date to support global sustainable development efforts and provide assistance to more than 2 million beneficiaries. Binance Charity has launched multiple charitable activities such as providing lunch for children, Web3 scholarships, and the Pink Care Project (a social impact project aimed at addressing menstrual poverty).
Bitcoin prices hit all-time highs in Türkiye and Nigeria amid inflation and fiat currency devaluation
On October 27, CoinDesk reported that the recent rise in Bitcoin prices due to huge inflation and the decline in the purchasing power of national fiat currencies has led to Bitcoin reaching all-time highs in Turkey and Nigeria. As of Friday morning, the price of Bitcoin in the Turkish market reached 9.6 million liras and the price of Bitcoin in the Nigerian market reached 27.4 million naira. In local currency terms, Bitcoin's monthly increase is as high as 30%. According to CoinGecko data, local crypto trading platforms have traded $40 million in Bitcoin in the past 24 hours, a figure that may not include local users who trade on global trading platforms such as Binance or Coinbase.
It is reported that the naira has fallen by 0.45% against the US dollar in the past month and 45% in the past six months; the lira has fallen by 2.9% against the US dollar in the past month and 31% in the past six months. A study by the International Monetary Fund (IMF) showed that Nigeria's inflation rate increased by 25% compared with 2022, while Turkey's inflation rate soared by 51%, causing a sharp decline in the purchasing power of TRY and NGN. This may have boosted people's demand for Bitcoin.
Data: Notional value of $2.98 billion in BTC and $1.57 billion in ETH options contracts are about to expire
On October 27, according to Greeks.live data, 87,000 BTC options are about to expire, with a Put Call Ratio of 0.88, a maximum pain point of $29,000, and a nominal value of $2.98 billion. 880,000 ETH options are about to expire, with a Put Call Ratio of 0.47, a maximum pain point of $1,650, and a nominal value of $1.57 billion. BTC detonated the market this week, hitting $36,000 on the 24th, setting a new high for the year, driving a surge in IV for all terms, also approaching the highest level this year. This week's option delivery price will be significantly away from the maximum pain point.
But it is worth noting that the whales mainly sold in the second half of this week. The market sentiment has obviously improved, but it is not enough to support the continuation of the market. At present, we need to pay attention to market news and data to see whether there is incremental capital inflow to support the current bull market.
friend.tech「Keys」Price Ranking: Crypto KOL CBB0FE ranks first with 5.329 ETH
On October 27, the latest data from friend.tech's "Keys" price rankings showed:
Crypto KOL CBB0FE ranked first with 5.329 ETH;
Crypto KOL MURPHY_WIFE ranked second with 3.875 ETH;
Crypto KOL Levi ranked third with 3.57 ETH;
Crypto KOL Herro ranked fourth with 3.335 ETH;
NDV co-founder Christian2022.mid ranked fifth with 3.025 ETH.
Analysis: SEC may approve Bitcoin spot ETF before FTX sells GBTC
On October 27, CoinDesk reported that according to a court document, FTX holds approximately $417 million worth of Grayscale Bitcoin Trust (GBTC). Scott Jonhsson, partner at Van Buren Capital, said that the FTX bankruptcy reorganization plan is unlikely to be confirmed before the second quarter of 2024, and the SEC is expected to make a decision on the spot Bitcoin ETF before then. If GBTC has been converted to a Bitcoin spot ETF by then, then the FTX sell-off will not exacerbate the negative premium of GBTC, because the creation and redemption process of the ETF should only track the price of the underlying asset BTC.
Sean Farrell, head of cryptocurrency strategy at Fundstrat, said that if the SEC approves a spot ETF, it will help ensure that creditors are compensated. GBTC's negative premium rate will narrow more significantly, and given this positive factor, crypto asset prices are likely to soar overall. Coinglass data shows that the current GBTC negative premium rate is 13.12%.
Deribit: Bitcoin and Ethereum options notional open interest exceeds $20 billion
On October 27, Coindesk reported that the nominal open interest of Bitcoin and Ethereum options on the Deribit platform has exceeded $20 billion, reaching $20.64 billion. The platform's open interest is almost close to the peak on November 9, 2021, when Bitcoin traded at more than $66,000, 90% higher than the current market price of $34,170. The current contract terms are significantly higher than in November 2021.
In addition, $4.5 billion worth of BTC and ETH options contracts on the Deribit platform will expire today.
Financing Express
Solana Labs Launches Solana Incubator
On October 27, Solana Labs announced the launch of the Solana Incubator, with an application deadline of November 30. Selected teams will work directly with Solana Labs to meet their specific needs, including participation in blockchain development, design and product launch planning, fundraising support, and venture capital introductions.
Bitcoin mining company Marathon Digital plans to raise up to $750 million through equity offering
On October 27, Bitcoin mining company Marathon Digital submitted an S-3 form to the U.S. SEC, planning to raise up to $750 million through a hybrid equity offering. Marathon Digital said: "We may from time to time sell common stock, preferred stock, warrants, or a combination of these securities in one or more offerings at a price and terms determined at the time of each offering to obtain an initial offering total of up to $750 million."
Stars Arena announces that it has officially formed the company and is preparing to raise seed round financing
On October 27, Stars Arena, a FT imitation based on the AVAX network, announced that it had officially formed a company and was preparing for a seed round of financing. Stars Arena also reached a cooperation with Avalanche's Landaunchpad platform Avalaunch to guide its financing process and provide advice on building a sustainable economic system, aiming to reward users and creators during the development process.
Web3 game studio Moonveil Entertainment completes $5.4 million in financing, led by Gumi Cryptos Capital and Arcane Group
On October 27, according to official news, Web3 game studio Moonveil Entertainment has completed a $5.4 million seed round of financing, led by Gumi Cryptos Capital and Arcane Group, and participated by several Web3 funds and game industry funds such as Longhash, IOSG and Infinity Venture Crypto.
It is reported that the Moonveil Entertainment team members are composed of core management and production teams from well-known game companies such as Riot, Tencent, and NetEase, as well as senior Web3 developers. Moonveil Entertainment is developing projects including Astrark and Project B.
Regulatory News
Standard Chartered's Zodia Markets obtains virtual asset services license in Ireland
On October 27, CoinDesk reported that Zodia Markets, a digital asset trading platform supported by Standard Chartered, has obtained the virtual asset service provider (VASP) registration qualification from the Central Bank of Ireland. This registration will enable Zodia Markets to provide over-the-counter (OTC) and trading services to institutional clients. The company obtained a similar license in the UK last year and in Abu Dhabi last month, and now has a licensed entity in the European Union. With the upcoming implementation of the EU (Crypto Asset Market Regulation) (MiCA), it is in principle easier for crypto companies licensed in one of the EU member states to obtain the licenses required to operate in the other 26 countries. Ireland has become a popular destination for crypto companies to set up, possibly due to its favorable tax system. Digital currency exchange Coinbase has already designated Ireland as its EU center earlier this month.
SBF: I don’t remember discussing the $13 billion funding hole with FTX executives
On October 27, WSJ reported that SBF testified in court that he did not remember discussing the closure of Alameda Research with his senior deputies via the Signal messaging app in 2022. When asked if he remembered the conversation about how $13 billion of the company disappeared, he said "I don't remember."
At the same time, SBF stated in court that FTX customer assets are stored together in "omnibus wallets" rather than separate cryptocurrency wallets, and he also mentioned that it is an industry practice to store customer assets in omnibus accounts. He said that he had sent funds to his wallet on the crypto exchange Huobi and then saw the funds immediately transferred to the omnibus wallet. In addition, when defense attorney Mark Cohen asked SBF if he thought it was legal to receive FTX deposits through Alameda, he replied "yes".
SBF said when Alameda and FTX formed North Dimension, he was the CEO of both companies and FTX did not have a bank account. Former Chief Regulatory Officer Daniel Friedberg was responsible for setting up the bank account that transferred FTX customer deposits to sister hedge fund Alameda Research.
Ryder Ripps to Pay Nearly $1.6 Million to Yuga Labs for Copyright Infringement
On October 27, a U.S. District Court judge ordered artist Ryder Ripps and NFT market Not Larva Labs founder Jeremy Cahen to pay Yuga Labs nearly $1.6 million in damages and attorney fees to end the lawsuit. Previously, in June 2022, Yuga Labs filed a lawsuit against California artist Ryder Ripps and NFT market Not Larva Labs founder Jeremy Cahen, accusing them of copying and selling the Bored Ape Yacht Club (BAYC) series of NFTs and devaluing their original products.
Data: As of October 27, FTX and Alameda addresses have transferred a total of $59 million worth of crypto assets
On October 27, according to Lookonchain monitoring, as of October 27, FTX and Alameda addresses had transferred a total of $59 million in crypto assets, including:
787,000 SOL ($25.4 million), 4,858 ETH ($8.7 million), 532,000 LINK ($5.8 million), 7.8 million MATIC ($4.9 million), 1.09 million DYDX ($2.5 million), 974,000 RNDR ($2 million), 488,000 UNI ($2 million), 1.09 million LDO ($2 million), 1,341 MKR ($1.9 million), and 1.6 million AGLD ($1.3 million).
The eight FTX and Alameda addresses that recently sold assets currently still hold about $619 million in crypto assets, including: 55,280 ETH (99 million USD), 69.7 million FTT (91.55 million USD), 25 million WLD (44.6 million USD), 53 million MATIC (33 million USD), and other assets.
Taiwan officially proposes draft virtual asset management regulations
On October 27, The Block reported that the proposal for the draft virtual asset management regulations was passed in the first reading of the Legislative Yuan, Taiwan’s legislative body. Yung-Chang Chiang, a member of the Legislative Yuan of Taiwan and one of the co-proposers of the proposal, said, “After the first reading of the bill, the discussion on the regulatory framework for the virtual asset industry has entered the next stage. We hope that the Financial Regulatory Commission will also submit their version of the draft bill to the legislature so that all sectors of society can further reach a consensus in the process.”
Although Taiwan's Financial Supervisory Commission (FSC) issued guidelines for the crypto sector last month, allowing the industry to develop self-regulatory rules through potential industry associations, the lawmaker said the measures lack legal enforceability. If passed and enacted, the special crypto law will require all crypto platforms operating in Taiwan to apply for a license.
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