Compiled by: Luan Peng, ChainCatcher
Important Information:
Preview: The US will release the September CPI data at 20:30 tonight
Mt.Gox extends compensation deadline by one year to October 31, 2025
Peter Todd: Being wrongly identified as Satoshi by HBO poses a security risk to me, and I have not yet decided whether to sue
Bloomberg Analysts Expect Bitcoin ETF Options to Launch in Q1 2025
Chairman of the Financial Services Commission of South Korea: Will review the monopoly of the virtual asset market centered on Upbit
Six members of the US dark web drug trafficking group were sentenced for cryptocurrency money laundering, with the maximum sentence reaching 84 months
FTX creditors withdraw class action lawsuit against US law firm Sullivan & Cromwell
South Korea’s financial regulator may lift the ban on spot cryptocurrency ETFs
“What important events have occurred in the past 24 hours?”
Preview: The US will release the September CPI data at 20:30 tonight
According to Wall Street Journal, the United States will release September CPI data at 20:30 tonight.
It is reported that the U.S. CPI rose 2.5% year-on-year in August, and the core CPI (excluding volatile food and energy costs) rose 3.2% year-on-year in August.
Mt.Gox extends compensation deadline by one year to October 31, 2025
Mt.Gox officially announced today that the bankruptcy administrator has basically completed the compensation work for the bankrupt creditors who have completed the procedures required to receive compensation and have not encountered any problems in the compensation process. However, many bankrupt creditors have not yet completed the procedures required to receive repayment, so they have not received repayment; in addition, due to various problems in the repayment process, a considerable number of bankrupt creditors have not received repayment for the time being. In order to compensate these bankrupt creditors as reasonably as possible, the bankruptcy administrator, after obtaining permission from the court, changed the compensation deadline from October 31, 2024 (Japan Standard Time) to October 31, 2025 (Japan Time).
Peter Todd: Being wrongly identified as Satoshi by HBO poses a security risk to me, and I have not yet decided whether to sue
According to the Daily Economic News, HBO's latest documentary (Money Electric: The Bitcoin Mystery) was released, and director Cullen Hoback identified the protagonist, Canadian software developer and cryptocurrency expert Peter Todd, as "Satoshi Nakamoto". In response, Peter Todd emphasized that he is not "Satoshi Nakamoto", and Cullen Hoback's identification of him as "Satoshi Nakamoto" is just a way to attract attention to his Bitcoin documentary.
“Cullen interviewed me 4 or 5 times during the making of the documentary, for many hours. Until the last interview, he never gave any impression that he was looking for Satoshi Nakamoto. He just introduced that he was trying to make a documentary about Bitcoin itself,” Peter Todd further explained.
In addition, Peter Todd also emphasized his personal safety, saying that "being falsely accused of owning billions of dollars by (Cullen Hoback) would put me at risk." Peter Todd also said that he has not yet decided whether to take legal action to protect his own interests.
Bloomberg Analysts Expect Bitcoin ETF Options to Launch in Q1 2025
Bloomberg analyst James Seyffart said exchange-traded funds (ETFs) are likely to launch in the United States in the first quarter of 2025.
“I think it’s possible that options will be available before the end of this year, but more likely it will be the first quarter of 2025,” Seyffart said during an Oct. 9 panel discussion at the Permissionless conference.
In September, the U.S. Securities and Exchange Commission (SEC) authorized Nasdaq to list options tied to BlackRock’s Bitcoin ETF, iShares Bitcoin Trust (IBIT). They are awaiting final approval from the Commodity Futures Trading Commission (CFTC) and the Options Clearing Corporation (OCC).
“Unlike SEC rules, the CFTC and OCC do not have strict deadlines, so they can push it out further if they wish,” Seyffart said.
Chairman of the Financial Services Commission of South Korea: Will review the monopoly of the virtual asset market centered on Upbit
Kim Byung-hwan, chairman of the Financial Services Commission of South Korea, said that the monopoly phenomenon in the virtual asset market centered on Upbit will be reviewed. During the national affairs inspection of the National Assembly Political Affairs Committee, Kim Byung-hwan responded to the questions from lawmakers about Upbit's monopoly structure and pointed out that a comprehensive review will be conducted through the Virtual Asset Committee.
The lawmakers also questioned Upbit’s partnership with K-Bank, saying, “K-Bank’s total deposits are 22 trillion won, of which Upbit’s deposits account for 4 trillion won, or 20%. If Upbit’s trading is disrupted, K-Bank may experience a run.”
Six members of the US dark web drug trafficking group were sentenced for cryptocurrency money laundering, with the maximum sentence reaching 84 months
Six members of a Texas dark web drug trafficking group have been sentenced for laundering money through cryptocurrency, with sentences ranging from probation to 84 months in prison. The gang, operating under the name "Loverbois," sold nearly 12 kilograms of methamphetamine and laundered up to $50,000 per month through cryptocurrency between July 2019 and December 2020.
The sentencing stems from a multi-agency investigation by the Organized Crime Drug Enforcement Task Force (OCDETF), including the FBI, DEA and the U.S. Postal Inspection Service.
FTX creditors withdraw class action lawsuit against US law firm Sullivan & Cromwell
According to Cointelegraph, FTX creditors have voluntarily withdrawn their class action lawsuit against the US law firm Sullivan & Cromwell (S&C). The Moskowitz Law Firm, the lead representative of the plaintiffs, said the withdrawal was voluntary and did not involve any settlement agreement.
On February 16, 2024, a group of FTX creditors sued S&C, alleging that the law firm participated in and profited from FTX's multi-billion dollar fraud. The lawsuit seeks damages for civil conspiracy, aiding and abetting breach of fiduciary duty, and aiding and abetting fraud. S&C has served as FTX's external legal counsel in multiple transactions and is currently overseeing FTX's bankruptcy proceedings.
Adam Moskowitz, founder and managing partner of the Moskowitz Law Firm, explained the reasoning behind the withdrawal of the lawsuit: "Based on the evidence we have seen, we do not believe there is sufficient merit to pursue the lawsuit, so we are withdrawing the lawsuit. Now, we can sit down and work together to try to obtain the maximum amount of compensation for the victims from other third parties."
South Korea’s financial regulator may lift the ban on spot cryptocurrency ETFs
According to The Block, South Korea’s Financial Services Commission (FSC) recently said it would re-evaluate the lifting of the ban on spot cryptocurrency ETFs and institutional accounts trading on cryptocurrency exchanges. This news marks a major shift in the regulator’s attitude towards digital assets.
It is reported that the FSC's newly established cryptocurrency committee will review the current ban. Previously, South Korean lawmakers have been calling for a change in the status quo, with both the ruling Democratic Party and the opposition party promising to approve local spot Bitcoin ETFs during the general election campaign earlier this year. Since 2018, South Korean institutional investors have been effectively banned from opening trading accounts on cryptocurrency exchanges. This policy adjustment may open up new channels for institutional investors to participate in the cryptocurrency market.
Meanwhile, FSC Chairman Kim Byung-hwan said he would investigate the monopoly structure of South Korea's digital asset exchanges. Data shows that among the five fully licensed exchanges in South Korea, Upbit processed more than $1.17 billion in trading volume in the past 24 hours, accounting for more than 61% of the market share. In March this year, its average monthly market share soared to 80%. Lee Kang-il, a member of the Democratic Party, also expressed concerns about the financial relationship between Upbit and its partner bank, K-bank. He pointed out that Upbit's deposits accounted for 20% of K-bank's total deposits, warning that if the partnership between the two was interrupted, it could trigger a run risk.
Coinbase International has launched ARKM perpetual contracts
According to official news, Coinbase International and Coinbase Advanced have launched Arkham (ARKM) perpetual contracts. Limit, market, stop loss and limit stop orders are now available.
Data: Polymarket predicts that Trump's chances of winning the election have risen to 54.1%, while Harris' chances of winning the election have dropped to 45.3%
Polymarket data shows that Trump's probability of winning the 2024 US presidential election has risen to 54.1%, while Harris' probability of winning the election has dropped to 45.3%.
"What are the interesting articles worth reading in the past 24 hours?"
New trends in meme hype: capitalization dispute, donations from Vitalik Buterin, and cult culture revival
On October 9, on-chain detective ZachXBT disclosed the holdings of Meme coin analyst representative Murad’s on-chain address, which quickly attracted the attention of the crypto community and triggered a narrative of revival hype about old Meme coins. The layout of low-market-cap MEME coins is becoming an unspoken secret in the crypto community.
In fact, since Binance listed three Meme coins (Neiro, Turbo and BabyDoge) in one day on September 15, triggering a dispute over the capitalization of Neiro and NEIRO tokens, the Meme coin market has set off a new round of hype. During the National Day holiday, reports about the Meme project were everywhere, and the community was full of stories of getting rich overnight. Vitalik sold the gifted MEME coins twice on the chain and publicly expressed his gratitude to the MEME project, causing the zoo coin Hippo MOODENG to increase nearly 100 times in a short period of time, which attracted investors to rush in, hoping to capture the birth of the next 100-fold MEME coin.
However, unlike the irregular and crazy rise in the hype of Meme coins in the past, this round of Meme coin hype mainly revolves around: the dispute over the capitalization of the naming letters, donations from Vitalik Buterin and Vitalik Buterin selling coins to boost the market, and the revival of Cult (sarcasm culture) MEME coins.
What is OpenGradient, an open source AI platform incubated by a16z startup accelerator and favored by Balaji?
Today, the centralized open source AI platform OpenGradient announced the completion of a $8.5 million seed round of financing. a16z Crypto Startup Accelerator, Foresight Ventures, SV Angel, Coinbase Ventures, SALT Fund and Symbolic Capital participated in the investment. Angel investors Balaji Srinivasan, NEAR founder Illia Polosukhin and Polygon founder Sandeep Nailwal and other well-known industry figures also participated as angel investors.
The funds will be used to continue building decentralized infrastructure, deploying solutions and tools for AI and Web3 developers, and advancing applied ML research to grow the open source AI ecosystem on blockchain. OpenGradient's testnet is expected to be open to developers in the fourth quarter of 2024.
In early September, OpenGradient was also selected for the a16z Crypto Fall Crypto Startup Accelerator (CSX) program. a16z CSX will invest at least $500,000 in each selected company, and the program will be trained for 8 weeks in New York City, gain first-hand experience with top crypto founders, receive guidance and support from the a16z crypto investment and operations team, and connect with other companies and the broader a16z network.
According to the official website, OpenGradient is the first decentralized platform for open source AI model hosting, secure execution, proxy reasoning, and application deployment. OpenGradient's new heterogeneous AI computing architecture (HACA) enables permissionless AI reasoning, statistical analysis, data processing, and proxy execution to run securely and scalably end-to-end through smart contracts, while building a web platform designed to accelerate AI research. OpenGradient enables developers to seamlessly leverage open source models and use computing to implement risk management, ML optimization, AI agents, anti-sybil, defi mechanism design and other functions.
Review of US crypto enforcement actions in the past five years: 25 companies settling nearly $32 billion, with FTX and Alameda accounting for the majority
Recently, Coingecko released a research report on US crypto enforcement actions. The study is based on official announcements from January 1, 2019 to October 9, 2024, and studies the monetary value settlements reached between crypto companies and US regulators in federal and state court cases, but does not include charges against individuals. The following are the details of the report.
Learn Chinese to enter the cryptocurrency circle, become famous through speeches, and take a look at the rise of Murad, the new Meme king
These days, you must have seen the guy in the picture above a lot - with long hair, a big beard and glasses, he has a full rock and roll temperament.
His name is Murad Mahmudov. He was not considered a crypto KOL before, but with the intensive analysis and comments on him on the Internet in recent days, he has become the king of Meme orders.
What made him famous was his speech (Meme Coin Super Cycle) at this year's Singapore 2049 Conference, which has been played 1.76 million times as of press time.
If you haven’t heard of this guy yet, you might as well watch this video. You will find that he is promoting CX (marketing) Meme coins to you with extremely formal theories, detailed data, and a firmness that overflows the screen. The essence of his remarks is full of emotional value, and there is a taste of not stopping until he says something shocking:
For example, the total market value of Meme coins will exceed one trillion US dollars, and Bitcoin will reach 200 trillion US dollars in 20 years. You need to subvert the investment logic to welcome this new cycle and embrace Meme...
Cycle Trading: Where will A-shares go in the future?
Since the "924" new policy, China's stock market has experienced an epic surge. The policies of the three financial ministries and the Central Political Bureau meeting boosted market sentiment beyond expectations, and the A-share and Hong Kong stock markets ushered in a strong rebound, leading the global market. However, after the National Day, the market turned to decline under the generally optimistic expectations. Is this round of market a flash in the pan or has the bottom been reached? This article will try to make a judgment from the perspective of analyzing the domestic economic fundamentals, policies and the overall valuation level of the stock market.
