News

According to PANews, a substantial volume of Bitcoin (BTC) and Ethereum (ETH) options is scheduled to expire tomorrow, with a combined nominal value of approximately $3.96 billion. The BTC options alone account for a nominal value of $3.39 billion. The put-call ratio for these BTC options stands at 0.83, with the maximum pain point identified at $79,000.Meanwhile, the ETH options set to expire have a nominal value of $572 million. The put-call ratio for these ETH options is 0.93, with the maximum pain point at $3,000. These figures highlight the significant financial stakes involved in the upcoming expiration of these cryptocurrency options, which could potentially influence market movements.

According to Odaily, monitoring data from Lookonchain reveals that a substantial amount of USDT has been transferred from the Tether Treasury to exchanges. Over the past 12 hours, approximately 1.34 billion USDT tokens have made their way into the trading platforms. This movement of funds is noteworthy as it could potentially impact market dynamics and liquidity.The transfer of such a large volume of USDT, a widely used stablecoin, may influence trading activities and market sentiment. Market participants often monitor these transactions closely, as they can signal shifts in trading strategies or preparations for significant market events. The influx of USDT into exchanges might be interpreted as a precursor to increased trading activity or as a strategic move by traders to capitalize on upcoming market opportunities.Stablecoins like USDT are crucial in the cryptocurrency ecosystem, providing liquidity and stability. The recent transfer highlights the ongoing importance of stablecoins in facilitating transactions and maintaining market equilibrium. As the situation develops, traders and analysts will likely keep a close eye on any further movements of USDT and their potential implications for the broader cryptocurrency market.

According to Odaily, recent data from Farside Investors reveals that VanEck HODL experienced a substantial net inflow of $5.1 million yesterday. This development highlights a growing interest in the investment product, reflecting a positive sentiment among investors.The influx of capital into VanEck HODL suggests that investors are increasingly confident in the potential returns of this investment vehicle. Such movements in the market can often indicate broader trends and shifts in investor behaviour, particularly in the context of the current economic landscape. As financial markets continue to evolve, the performance of products like VanEck HODL can serve as a barometer for investor sentiment and market dynamics.This significant inflow is part of a larger pattern of investment activity, where investors are seeking opportunities that align with their financial goals and risk tolerance. The data from Farside Investors provides valuable insights into these trends, offering a glimpse into the strategies being employed by market participants. As the financial environment remains dynamic, monitoring such developments is crucial for understanding the broader implications for the investment community.

According to U.Today, Cardano co-founder Charles Hoskinson recently shared insights from a conversation with Ripple CEO Brad Garlinghouse, expressing admiration for Garlinghouse's collaborative nature. Hoskinson described Garlinghouse as a "great CEO" and emphasized his excitement about the future of their collaboration. In response, Garlinghouse expressed gratitude for Hoskinson's kind words and highlighted the importance of a unified cryptocurrency community to ensure fair opportunities for all. He remarked, "A rising tide lifts all boats," underscoring the need for collective efforts in the industry.The interaction between Hoskinson and Garlinghouse is notable given the history of tension between Hoskinson and the XRP community. In the past, Hoskinson has been critical of the XRP community, accusing them of misrepresenting his statements and engaging in public harassment. This friction was evident in a May post where Hoskinson, who is also the founder and CEO of IOHK, addressed these issues. Despite these challenges, the recent dialogue with Garlinghouse suggests a potential thawing of relations, as both leaders appear open to fostering closer ties.The backdrop to this conversation includes ongoing controversies within the cryptocurrency sector, particularly concerning the U.S. Securities and Exchange Commission (SEC). A persistent conspiracy theory alleges that the SEC was bribed by the Ethereum community to target XRP, a claim that Hoskinson has dismissed as unfounded. He has previously stated that such accusations do not align with reality, despite his own criticisms of the SEC. This context adds complexity to the dynamics between the Cardano and XRP communities.The timing of Hoskinson and Garlinghouse's conversation coincides with significant price movements for their respective cryptocurrencies. Both XRP and ADA have experienced notable rallies, with XRP rising by 24% and ADA by 50% over the past week. These developments may influence the evolving relationship between the two leaders and their communities, as they navigate the challenges and opportunities within the rapidly changing cryptocurrency landscape.

According to PANews, Tether Treasury has minted 1 billion USDT tokens on the Ethereum network, valued at approximately $1.01 billion. This activity was detected by Whale Alert, a blockchain monitoring service.Tether's Chief Technology Officer, Paolo Ardoino, clarified that this transaction is 'authorized but not issued.' The newly minted USDT will be held in reserve and is intended to meet future issuance demands and facilitate on-chain exchanges. This strategic move is part of Tether's ongoing efforts to ensure liquidity and stability in the cryptocurrency market.The minting of USDT, a widely used stablecoin, often draws attention due to its potential impact on the broader crypto ecosystem. By maintaining a reserve of tokens, Tether aims to swiftly respond to market demands and ensure seamless transactions across various platforms. This approach underscores Tether's commitment to providing a reliable and efficient digital currency solution for users worldwide.

According to Odaily, Noelle Acheson, the author of 'Crypto Is Macro Now,' has highlighted that the relatively moderate leverage in the cryptocurrency market reduces the risk of a significant pullback. Acheson noted that while the market's current pause is welcome, it is likely to be temporary, as favorable factors remain strong.In a report, Tony Sycamore, a market analyst at IG Australia, echoed similar sentiments. He acknowledged the potential for further market gains but emphasized that much of the positive news has already been factored into current valuations. This cautious optimism reflects a broader sentiment in the market, where stakeholders are balancing the potential for growth against the inherent volatility of cryptocurrencies.

According to Odaily, Tether's market capitalization has exceeded $125 billion, reaching a new record high of $125,238,185,518.71. This milestone highlights Tether's growing influence in the cryptocurrency market. The data reveals that the total authorized issuance of USDT on the TON blockchain has reached $1,229,976,002.51. This positions TON as the third-largest blockchain for USDT issuance, following Tron and Ethereum, and surpassing Avalanche.The increase in Tether's market cap underscores its significant role in the digital currency ecosystem. As a stablecoin, Tether is widely used for trading and transactions, providing a reliable alternative to more volatile cryptocurrencies. The growth on the TON blockchain indicates a shift in the distribution of USDT across different platforms, reflecting the evolving dynamics of the crypto market.This development is part of a broader trend of increasing stablecoin adoption, as users seek stability amid the fluctuating values of other digital assets. Tether's continued expansion on various blockchains demonstrates its adaptability and the growing demand for stablecoins in the financial landscape. As the market evolves, Tether's position as a leading stablecoin is likely to influence future trends and developments in the cryptocurrency sector.

According to PANews, the cryptocurrency sector experienced a significant drop in venture capital investments during the third quarter, prior to the election excitement surrounding U.S. President-elect Trump revitalizing industry sentiment. Data from PitchBook reveals that cryptocurrency startups attracted $1.7 billion in investments in the three months ending September 30, marking a 31.3% decrease from the previous quarter. The number of deals also fell by 25.3%, totaling 392 transactions.PitchBook senior analyst Robert Le commented in the report that this adjustment is a natural and necessary component of a healthy cryptocurrency market. Le attributed the decline in cryptocurrency venture capital deals to macroeconomic factors, including increased market volatility and concerns about a potential U.S. economic recession. Similar to the previous quarter, infrastructure projects such as new blockchains continued to attract the interest of venture capitalists in the third quarter. Le anticipates further consolidation among cryptocurrency exchanges, custodians, and infrastructure companies in the future.

According to Foresight News, the U.S. Department of Justice has announced that Daren Li, a dual citizen of China and Saint Kitts and Nevis, has pleaded guilty to a charge of conspiracy to commit money laundering. This charge is related to his involvement in a cryptocurrency investment scam that generated millions of dollars in illicit proceeds.Daren Li, along with his accomplices, orchestrated a complex scheme involving a network of shell companies and international bank accounts to launder over $73 million obtained from victims of the cryptocurrency investment fraud. The fraudulent operation exploited unsuspecting investors, leading to significant financial losses.Li is scheduled to be sentenced on March 3, 2025, and faces a maximum penalty of 20 years in prison. The case highlights the ongoing challenges and risks associated with cryptocurrency investments, as well as the international efforts required to combat financial crimes in the digital age.

According to Foresight News, data from CoinMarketCap indicates that TRX has surged past $0.18, currently trading at $0.1829. This marks an 8.81% increase over the past 24 hours, reaching its highest level since January 2018.As of now, TRX's 24-hour trading volume has reached $2.2 billion. The number of accounts holding TRX has surpassed 155 million, and its total market capitalization has exceeded $15.8 billion, ranking it as the 10th largest cryptocurrency by market cap.

According to Foresight News, Arbitrum has announced its support for the ERC-7683 standard. This standard is designed to provide users with a seamless interaction experience across multiple Ethereum chains, akin to operating on a single chain.Previously reported by Foresight News, the ERC-7683 standard was developed in collaboration between Uniswap and Across. The primary aim of this standard is to address the issue of fragmented intentions through a universal filler network. The mechanism involves users signing cross-chain orders and escrowing funds within a settlement contract. Fillers can then compete for these orders, and upon winning, they execute the necessary operations.

According to PANews, recent monitoring by PeckShield has revealed that the address associated with the Bunny Finance attacker has transferred approximately 1,411.2 ETH, valued at around $4.7 million, to Tornado Cash over the past nine hours. This movement of funds highlights ongoing concerns about the security of decentralized finance platforms and the challenges in tracking illicit activities within the cryptocurrency space.The transfer to Tornado Cash, a privacy-focused Ethereum mixer, underscores the difficulties in tracing stolen assets once they enter such platforms. Tornado Cash allows users to obscure the origin and destination of their transactions, making it a popular choice for those seeking to launder or hide illicitly obtained cryptocurrencies. This incident adds to the growing list of security breaches and exploits in the DeFi sector, raising questions about the robustness of security measures in place to protect users and their assets.As the DeFi ecosystem continues to expand, the frequency and sophistication of attacks have also increased, prompting calls for enhanced security protocols and regulatory oversight. The transfer of such a substantial amount of Ethereum to a privacy mixer like Tornado Cash highlights the need for improved tracking and recovery mechanisms to combat the misuse of decentralized platforms for illegal activities. Stakeholders in the cryptocurrency industry are urged to collaborate on developing solutions that can effectively address these security challenges while preserving the privacy and decentralization principles that underpin the sector.

According to BlockBeats, MARA Holdings, formerly known as Marathon Digital, released its third-quarter financial results on Tuesday afternoon. The company, which is the largest publicly traded cryptocurrency mining firm with a market capitalization of $7.4 billion, reported a quarterly loss of $0.34 per share. This result aligns with the general market expectations as per MarketWatch data. The third-quarter sales amounted to $131.6 million, falling short of the anticipated $151.6 million, but showing improvement compared to the net loss of $199.7 million in the second quarter.As of October 31, MARA's balance sheet reflected holdings of 26,747 BTC. During the third quarter, the company produced 2,070 BTC and purchased an additional 6,210 BTC. Of these, 4,144 BTC were acquired using proceeds from a $300 million convertible senior notes issuance, at an average price of $59,500 per BTC. Last week, MARA announced that it produced 717 BTC in October, marking a 2% increase from the previous month, with its hash rate rising to 40.2 EH/s. On Monday, the company revealed its acquisition of two power plants in Ohio, with a total generating capacity of 222 megawatts, at a price of $270 per kilowatt.

According to Odaily, recent data from Farside Investors indicates that VanEck HODL experienced a substantial net inflow of $10.1 million yesterday. This development highlights a growing interest in the investment product, reflecting a positive trend in the market.The significant inflow suggests that investors are increasingly confident in VanEck HODL's potential, as they allocate more resources to this financial instrument. This movement could be indicative of broader market dynamics, where investors are seeking opportunities that promise stability and growth.Such inflows are crucial as they can influence the overall performance and perception of the investment product. The $10.1 million net inflow marks a noteworthy milestone for VanEck HODL, potentially setting the stage for future growth and attracting further investor interest.

According to Odaily, El Salvador's President Nayib Bukele has proposed a third bond buyback this year, coinciding with a rise in Bitcoin prices and the recent US election results. The government announced on Tuesday its intention to repurchase a series of notes maturing between 2027 and 2034, with an outstanding principal amount exceeding $2.5 billion. The statement did not specify how the transaction would be financed. However, a source familiar with the matter indicated that the debt buyback would depend on new financing, the details of which have not yet been disclosed as they remain confidential.Since former President Donald Trump won the US presidential election last week, El Salvador's debt return rate has reached 4.7%, outperforming all emerging market countries except Ukraine. Investors have long believed that a second term for Trump would aid Bukele in securing support for loans from the International Monetary Fund. Katrina Butt, an economist at AllianceBernstein in New York, commented, "The market views El Salvador as a 'Trump trade,' with expectations that a closer personal relationship between Bukele and Trump will benefit El Salvador. They are unlikely to have enough cash for such a buyback and may need to enter the market to finance the transaction."

According to TechCrunch, the U.S. government has charged Connor Moucka and John Binns with hacking into AT&T's systems, resulting in the theft of approximately 50 billion customer call and text records. In July, AT&T disclosed that hackers had accessed the phone records of nearly all its cellular and landline customers, including details of who contacted whom, but not the content of the messages. AT&T planned to notify around 110 million customers about the breach, which involved data stored on Snowflake, a cloud service provider for data analysis. The Department of Justice's indictment, filed on Sunday, revealed the extent of the stolen records, although it did not explicitly name AT&T, referring instead to "Victim-2," a major U.S. telecommunications company breached around April 14. This aligns with AT&T's previous confirmation of a breach discovered on April 19, suggesting that "Victim-2" is likely AT&T. Neither AT&T nor DOJ spokesperson Emily Langlie provided comments on the matter.The indictment details how Moucka and Binns accessed billions of sensitive customer records and extorted at least three victims for a total of 36 bitcoin, valued at approximately $2.5 million at the time of payment, over nearly a year from November 2023 to October 10 of this year. Moucka, residing in Canada, used online aliases such as "judische," "catist," "waif," and "cllyels," while Binns, based in Turkey, was known as "irdev" and "j_irdev1337." Moucka was arrested in Canada last week, and Binns had been previously detained in Turkey. In August, Binns claimed responsibility for the AT&T breach in an interview with The Wall Street Journal. Moucka, under the alias "Judische," expressed to 404 Media his anticipation of being arrested soon.AT&T is among several victims whose sensitive data was compromised from their Snowflake instances. Other affected companies include Santander Bank, Ticketmaster, and approximately 165 corporate customers. Prosecutors allege that the hackers stole vast amounts of sensitive personal and corporate data, such as social security numbers, driver's license numbers, passport numbers, and banking information, making these breaches some of the most severe cyberattacks of the year. In some instances, the hackers demanded ransom, threatening to leak the stolen information, and occasionally followed through on these threats. Wired reported that AT&T paid a hacker $370,000 in an attempt to have the stolen records deleted. The indictment confirms that "Victim-2" paid a ransom to the hackers. This article has been updated to reflect the DOJ's decision not to comment.

According to Cointelegraph, a crypto trader known by the pseudonym qklpjeth recently disclosed a significant financial loss due to a simple error. In June, qklpjeth mistakenly transferred 7,912 Renzo restaked ETH (ezETH), valued at $26.4 million at the time, to an incorrect safe contract address. This mistake resulted in the funds being locked and inaccessible. The investor explained that the error was due to copying the wrong address, leading to the unfortunate situation.Despite the incident occurring nearly five months ago, qklpjeth has only recently sought assistance from white hat hackers on social media platform X, after traditional recovery methods proved unsuccessful. The investor hopes that someone might identify a smart contract vulnerability that could enable the recovery of the lost funds. The crypto community has been responsive, with suggestions such as contacting the Renzo protocol to modify their token contract. However, qklpjeth had already reached out to Renzo, who were unable to assist due to regulatory constraints.Harrison Seletsky, director of business development at SPACE ID, commented on the incident, describing it as a "wake-up call" for the crypto industry to improve user experience. He emphasized the need for better systems to prevent such costly errors, highlighting that simple mistakes like copying and pasting incorrect addresses should not result in massive financial losses. Seletsky pointed out that for mass adoption of cryptocurrencies to occur, users must feel secure in their transactions without the fear of losing assets due to minor errors. He stressed that enhancing user experience, particularly in crypto transactions, is crucial for the industry's growth and acceptance.

According to Blockworks, a recent survey conducted by ETF.com highlights a declining interest in cryptocurrency and ESG ETFs among retail investors for the upcoming six months. The 2024 global investor survey reveals that between 70% and 80% of investors currently do not hold positions in leveraged, inverse, and cryptocurrency ETFs. Additionally, only 10% of financial advisers have increased their exposure to cryptocurrencies over the past six months, and a mere 7.4% of investors consider cryptocurrency as one of the top five sectors they wish to invest in during the next half-year.Gavin Filmore, chief revenue officer at Tidal Financial Group, expressed surprise at these findings, attributing the low interest to potential "crypto fatigue" among younger investors who may feel overexposed. Despite the recent surge in bitcoin prices, which reached nearly $90,000, the survey's results reflect sentiments collected from over 600 respondents between August 15 and October 1. This period precedes significant developments such as recent political victories by crypto-friendly candidates and the rising interest in US spot bitcoin ETFs, which have seen substantial net inflows.Interestingly, the survey is sponsored by Vanguard, a major asset management firm that has previously stated that cryptocurrencies do not belong in a well-balanced, long-term investment portfolio. It remains to be seen whether Vanguard's stance on cryptocurrencies will evolve in the coming months, especially as post-election sentiments are captured in future surveys. The survey's findings suggest a potential shift in investor interest and highlight the dynamic nature of the cryptocurrency market.

According to Odaily, a Ukrainian man reported a significant cryptocurrency theft while visiting a friend's room in Phuket. The victim claimed he was coerced by a group of armed men to transfer over 8 million baht worth of cryptocurrency. Upon entering the friend's room, the man was allegedly held captive and forced to transfer 250,000 USDT. After the transaction, the assailants reportedly tied him to a bed and warned him against contacting authorities before leaving the scene.The victim managed to free himself and immediately rode a motorcycle to Phuket Airport, hoping to encounter one of the suspects, but was unsuccessful. He subsequently reported the incident to the police. The case highlights ongoing concerns about cryptocurrency-related crimes and the need for increased security measures in digital transactions.

According to BlockBeats, on November 11, a significant movement of funds was detected on the ARB chain's DeFi project, DeltaPrime, raising suspicions of another attack. This development follows a previous incident reported on September 16, when Cyvers Alerts monitored a suspected attack on DeltaPrime. During that incident, it was believed that the administrator had lost their private key, resulting in an estimated loss of approximately $4.5 million. The recent activity has once again put DeltaPrime under scrutiny, as the DeFi project appears to be facing ongoing security challenges. The previous attack highlighted vulnerabilities within the system, prompting concerns about the safety and security of funds managed on the platform. As the DeFi sector continues to grow, the importance of robust security measures becomes increasingly critical to protect against potential threats and safeguard investor assets. The ARB chain, known for its decentralized finance applications, has been a target for malicious activities, emphasizing the need for continuous monitoring and improvement of security protocols. The incidents involving DeltaPrime underscore the challenges faced by DeFi projects in maintaining the integrity and security of their platforms. Stakeholders and users of DeltaPrime are advised to stay informed about the situation and take necessary precautions to protect their investments. As investigations into the recent fund movement continue, the DeFi community remains vigilant, seeking to enhance security measures and prevent future breaches. The ongoing developments serve as a reminder of the dynamic and sometimes volatile nature of the cryptocurrency landscape, where security remains a paramount concern for all participants.