Original author: Koala, Mars Finance
Brazil’s Central Bank Invites New Participants to CBDC Pilot Program
Brazil is preparing to deepen activities around its central bank digital currency (CBDC) pilot project, Drex. The Central Bank of Brazil announced that the pilot project will be open to more participants, aiming to expand the testing of more complex use cases in the platform. New alliances will be able to submit their proposals between October 14 and November 29 for review by the project's executive management committee.
Musk changed his Twitter profile picture to "Mechazilla" again today
Musk changed his Twitter profile picture again, from "Starship Flight 5" to the Starship launch tower "Mechazilla". Earlier news, the launch tower "Mechazilla" successfully clamped the super heavy rocket "Super Heavy" returning to the ground today. SpaceX's super heavy rocket booster successfully landed on the launch tower arm in Texas for the first time, marking an important milestone in the fifth Starship test flight.
Scallop exchange volume reaches $100 million, a record high
The exchange volume of SUI Ecological Lending Protocol Scallop reached 100 million US dollars, setting a new record. At the same time, the second phase of the exchange activity with a prize pool of 15,000 US dollars is underway.
Scallop provides an exchange function that can compare four aggregators at the same time, and users do not need to pay any exchange fees.
7,574 ETH flowed into BlackRock Ethereum ETF two days ago, worth $18.52 million
According to Arkham monitoring data, 7,574 ETH flowed into the BlackRock Ethereum exchange-traded fund ETHA Ethereum ETF from the Coinbase Prime hot wallet address two days ago, worth $18.52 million. According to official data, the total holdings of the BlackRock Ethereum ETF reached 414,168.197 ETH as of October 10, with a market value of approximately $976,028,773.05.
The ranking of the world's most suitable countries and regions for cryptocurrency business in 2024 is released, and Dubai ranks first
According to Social Capital Markets, the ranking of the world's most suitable countries and regions for cryptocurrency business in 2024 is released. The top ten are: Dubai, Switzerland, South Korea, Singapore, the United States, Estonia, Italy, Russia, Germany, Brazil. It is reported that Dubai scored the highest in regulatory clarity, exemption from capital gains tax, preferential corporate tax (9%) and affordable licensing fees, making it the number one cryptocurrency destination.
Australian energy tech company Powerledger completes integration with Solana mainnet
Australian energy technology company Powerledger announced the completion of its integration with the Solana mainnet. This integration makes its POWR token available on Ethereum and Solana. The total supply of tokens has not changed. POWR will continue to be used as a payment token for Ethereum and Solana platform services, incentivizing green behaviors such as offsetting carbon emissions and reducing energy consumption. Previously, Australian energy company Powerledger announced in September this year that it would expand to the Solana mainnet and its POWR token would be expanded to SPL tokens.
pump.fun's cumulative revenue exceeds $120 million
DefiLlama data shows that as of October 10, the Solana ecosystem Meme coin issuance platform pump.fun has accumulated revenue of more than US$120 million, and currently stands at US$123.35 million.
Shenyu: More plans and layouts are being prepared
On October 13, Shenyu Yu, co-founder and CEO of Cobo, wrote on X: "I have indeed been a bit 'lying flat' recently, and everyone has noticed it, but don't worry, mediocrity does not mean stopping, but more thinking and precipitation. Many plans and layouts have not yet fully surfaced, but what is certain is that I am still on the road."
Wang Feng's Essay: About Hinton, the Father of Deep Learning, the Nobel Prize, and the Long and Hard Life of Great Scientists
Geoffrey Hinton is recognized as the "father of deep learning" in the field of artificial intelligence. His back-propagation algorithm laid the foundation for the development of modern artificial intelligence. However, his academic and professional career was full of twists and turns. From Cambridge to Edinburgh, after several professional transformations, he finally focused on artificial intelligence. Hinton's pursuit of knowledge when he was young was very similar to Pinocchio in the fairy tale - an innocent and curious little puppet who longed to become a "real person", and Hinton's lifelong pursuit was to make artificial intelligence a reality.
What exactly is the FIT21 bill that will have a significant impact on the crypto industry?
Grayscale will consider compliance requirements when publishing its list of altcoins, and the progress of the FIT21 Act may affect investment institutions' selection and management strategies for digital assets. The bill aims to clarify how digital assets are handled under U.S. law, including regulatory division of labor, decentralization standards, consumer protection, and exchange supervision. The bill, which has passed the House of Representatives, may have an impact on exchanges, project parties, and ordinary users. It may lead to exchanges being cautious about listing coins, project parties being more decentralized, and users choosing more compliant products, but it may also pass on compliance costs to users. The FIT21 Act may become a reference standard for other countries, indirectly affecting offshore exchanges.
Wall Street bull run is here — but Bitcoin’s rally is no match
Bitcoin price surge breaks S&P 500 record to over $63,000. Bitcoin is up 220% despite crypto market downturn. Analysts cite macroeconomic factors and newly launched spot Bitcoin ETFs as reasons for Bitcoin price surge. Bitcoin's correlation with stocks is increasing, and as crypto becomes more institutionalized, it will behave more like other asset classes.
Bitcoin Futures Funding Rates: Hidden Investment Opportunities
Bitcoin futures basis and funding rates remain stable, but future token unlocks increase the need for hedging. The recent Bitcoin price increase from $53,000 to $66,000, with funding rates only rising briefly between September 24 and 25. October token unlocks increased the need for hedging, especially for SUI, APTOS, and TIA. Ethena's staked USDe has stable returns and stable funding rates. sUSDe earns returns through ETH staking and short-term perpetual contract positions, and the yield has dropped from a peak of nearly 50% to around 10%. As returns fall, supply also decreases.
