1. Aspen Digital: 94% of Asian private wealth has invested or considered investing in cryptocurrencies
A new report from Aspen Digital shows that private wealth’s interest in cryptocurrencies is growing significantly in Asia. The survey shows that 76% of Asia’s private wealth is already involved in digital assets, with another 18% planning to invest in the future, for a total of 94%. The report surveyed 80 family offices and high-net-worth individuals across Asia, with the majority of respondents managing assets between US$10 million and US$500 million. This is a significant increase from 2022, when only 58% of respondents were involved in digital assets. With spot Bitcoin ETFs approved in the U.S. and Hong Kong, 53% of respondents have cryptocurrency exposure through funds or ETFs.
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2.Vitalik: Ethereum’s main problem is the lack of a unified ecosystem
Vitalik said at the 2024 Shanghai Blockchain International Week that the main problem with Ethereum now is the lack of a unified ecosystem. Ethereum now looks like 34 different chains, and in the future it should look like a unified ecosystem. Solutions include chain-specific addresses, etc. Ethereum's future goals include achieving more than 100,000 TPS through L2, completing transfers from any chain to any other chain within 2 seconds, a unified user experience, and surpassing EVM and achieving secure links.
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3. Radiant Capital suffered a cyber attack, with losses exceeding $50 million
In the early morning of October 17, the cross-chain lending protocol Radiant Capital suffered a cyber attack, with losses exceeding $50 million. Radiant is controlled by a multi-signature wallet (referred to as "multisig"). The attacker allegedly controlled the private keys of multiple signers and then controlled multiple smart contracts. Arkham data shows that the suspect's wallet holds more than $32 million worth of Arbitrum-based assets and about $18 million worth of BNB Chain tokens.
4. Game developer FractureLabs sues Jump Trading for alleged token price manipulation
Video game developer FractureLabs has filed a lawsuit against Jump Trading, a well-known cryptocurrency market maker, in a federal court in Chicago, accusing it of fraud and deception by manipulating the price of DIO tokens. FractureLabs originally planned to raise funds by issuing DIO tokens for the first time on the Huobi (now renamed HTX) exchange in 2021. The company hired Jump Trading as a market maker for DIO and loaned 10 million tokens to its subsidiary while sending 6 million to HTX for the sale. The lawsuit alleges that Jump Trading systematically liquidated DIO holdings, causing the token price to fall to about 0.5 cents, generating millions of dollars in profits for itself. Jump then repurchased about $53,000 in tokens at a significant discount and returned them to FractureLabs, after which it terminated the market maker agreement.
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5. Hong Kong Chief Executive's 2024 Policy Address mentions multiple virtual assets
Article 99 of the Hong Kong Chief Executive's 2024 Policy Address states: Promote the application of cross-border payments using central bank digital currency (CBDC); improve the regulation of virtual asset transactions - the Treasury Bureau will complete the second round of consultation on the regulation of over-the-counter transactions of virtual assets, and submit a proposed licensing system for regulating virtual asset custody service providers; promote the tokenization of real-world assets and the digital currency ecosystem; promote the development of the digital securities market, and encourage more financial institutions and issuers to adopt tokenization technology in capital market transactions; jointly with the Treasury Bureau, submit a draft bill this year to regulate fiat stablecoin issuers.
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