Headline
▌Trump: Congratulations on the 16th anniversary of the Bitcoin whitepaper.
Former U.S. President Trump posted on social media platform X: 'I want to wish our great Bitcoin enthusiasts a happy 16th anniversary of the Satoshi Nakamoto whitepaper. We will end Harris's war on cryptocurrencies, and Bitcoin will be made in America! Vote for Trump!'
▌OpenAI adds search functionality to ChatGPT, challenging Google.
OpenAI is adding a new search feature to its flagship product ChatGPT, further escalating its challenge to Google, which is under Alphabet. OpenAI stated on Thursday that the option called ChatGPT Search will allow chatbot users to search for timely information as they would on the web, receiving online attribution from news publishers and other data sources. Previously, the company launched a product prototype called SearchGPT in July, which is separate from the ChatGPT application and available to a limited number of users.
OpenAI stated that the search feature will be available on chatgpt.com as well as on desktop and mobile applications.
Market
As of the time of publication, according to Coingecko data:
BTC recent trading price $70,217.48, intraday change -3.0%;
ETH recent trading price $2,515.53, intraday change -5.4%;
BNB recent trading price $575.40, intraday change -3.4%;
SOL recent trading price $168.47, intraday change -3.8%;
DOGE recent trading price $0.1614, intraday change -4.5%;
XPR recent trading price $0.5091, intraday change -2.7%.
Policy
▌Immutable responded to the SEC Wells notice by stating that the IMX token is not a security.
Blockchain gaming company Immutable has received a Wells notice from the U.S. Securities and Exchange Commission (SEC) accusing it of potentially violating securities laws. Immutable responded by stating that the IMX token does not fall under the category of securities and questioned the SEC's practice of 'enforcement instead of regulation.' Immutable calls for a clear regulatory framework.
▌Italian Minister: Digital assets carry 'extremely high risks,' and a 42% crypto capital gains tax is necessary.
During the World Savings Day event held on October 31, Italian Minister of Economy and Finance Giancarlo Giorgetti rebutted criticism of the plan to raise capital gains tax on cryptocurrencies like Bitcoin to 42%. Giorgetti stated that digital assets carry 'extremely high risks,' and a 42% crypto capital gains tax is necessary.
The Italian Council of Ministers previously approved a budget proposal to raise the capital gains tax on Bitcoin from 26% to 42%. The proposed tax increase still requires review and approval from Italian lawmakers before implementation.
▌A judge in Pennsylvania has postponed a case involving Musk in federal court regarding the U.S. elections.
A judge in Pennsylvania has postponed a case involving Musk in federal court regarding the U.S. elections.
Musk was previously asked to attend a hearing in Philadelphia, Pennsylvania, to review his million-dollar lottery initiative encouraging voter turnout. It is reported that Musk supports former U.S. President and Republican presidential candidate Trump and has spent millions of dollars supporting his campaign. Musk announced a $1 million lottery through the 'American Political Action Committee' aimed at increasing voter registration in competitive areas.
Blockchain Applications
▌Web3 infrastructure company BlockJoy launched the node tool BlockVisor 2.0.
Web3 infrastructure company BlockJoy has launched BlockVisor 2.0, a 'custom solution for blockchain node operators aimed at eliminating the need for expensive cloud infrastructure.'
▌Zero-knowledge proof company NEBRA launched an aggregation tool on World Chain
Zero-knowledge proof research company NEBRA is launching its universal proof aggregator tool on the World Chain blockchain. This integration aims to reduce the costs of running ZK proofs on World Chain.
Cryptocurrency
▌Tether's net profit in Q3 reached $2.5 billion, with cumulative profits of $7.7 billion in the first nine months of this year.
Tether Holdings released its Q3 2024 financial report, showing a net profit of $2.5 billion, with cumulative profits of $7.7 billion in the first nine months, and total assets reaching $134.4 billion, all hitting historical highs. Tether's issued stablecoin USD₮ circulation is close to $120 billion, up 30% year-on-year. Additionally, Tether holds $102.5 billion in U.S. Treasuries, ranking among the top 18 holders globally. Meanwhile, the company's reserve buffer has increased to over $6 billion, continuing to invest in gold, Bitcoin mining, and artificial intelligence sectors.
▌Analyst: The 'minimum retracement point' for Ethereum before hitting a historical high may be $2,500
Independent analyst Poseidon stated that Ethereum experienced the 'last drop' over the weekend, falling to $2,382 but quickly rebounding above $2,500 within 48 hours. The trader explained that ETH recovered the 200-day EMA level within an 8-hour timeframe, and the weekend's drop was a 'bear trap/deviation,' with the 'minimum retracement point' before reaching a historical high potentially being $2,500.
Analysts say: 'If it stays above $2,600, I will increase more long positions. I still believe this range will eventually break upward.'
▌MicroStrategy has purchased Bitcoin every quarter since Q3 2020.
According to a post by Bitcoin Magazine, MicroStrategy has purchased Bitcoin every quarter since Q3 2020.
▌U.S. Congressman McHenry celebrates the 16th anniversary of the Bitcoin whitepaper.
According to a post by Bitcoin Magazine, U.S. Congressman McHenry stated: 'We celebrate the 16th anniversary of the Bitcoin whitepaper; innovators, entrepreneurs, and developers are bringing Satoshi's vision closer to reality than ever before.'
▌Opinion: MicroStrategy's plan to raise $42 billion to acquire more Bitcoin is a 'win-win.'
Alexander Blume, CEO of Two Prime Digital Assets, stated that MicroStrategy's plan to raise $42 billion to acquire more Bitcoin is a 'win-win.'
An increasing number of investors are considering how to invest in Bitcoin amid further depreciation of the dollar, which is one reason for Bitcoin's recent price strength, potentially sparking greater institutional interest in Bitcoin and related investments.
Important Economic Dynamics
▌Capital Economics: Non-farm payroll data must be significantly lower than expected for the Federal Reserve to adopt a more dovish stance.
Olivia Cross of Capital Economics stated in a report that this week's non-farm employment figures must show a 'noteworthy decline' for the Federal Reserve to lower interest rates by 50 basis points again next week. Economists surveyed by The Wall Street Journal expect new jobs to slow from 254,000 in September to 100,000 due to the impact of hurricanes and strikes. Cross stated that the data needs to be significantly lower than expected to prompt the Federal Reserve to adopt a more dovish stance. On the other hand, Cross believes there are upside risks to inflation, which is another reason for the Federal Reserve's cautious approach.
▌The probability of the Federal Reserve lowering interest rates by 25 basis points in November is 90.1%.
According to CME's 'FedWatch,' the probability of the Federal Reserve lowering rates by 25 basis points by November is 90.1%, with a 9.9% chance of keeping the current rate unchanged. The probability of keeping the current rate unchanged in December is 1.9%, with a cumulative probability of 25.2% for a 25 basis point cut and a 72.9% probability for a 50 basis point cut.
▌The Nasdaq fell sharply by 2.76% at the close, with tech stocks falling across the board.
U.S. stock market's three major indices closed lower, with the Dow down 0.9%, the Nasdaq down 2.76%, and the S&P 500 index down 1.86%. Large tech stocks fell across the board, with Microsoft down over 6%, Meta down over 4%, Amazon and Tesla down over 3%, and Apple and Google down nearly 2%. Chip stocks generally fell, with Arm down over 8%, Nvidia and Micron Technology down over 4%, and TSMC and Qualcomm down over 2%.
Golden Encyclopedia
▌What is the Aptos blockchain?
Aptos aims to be a fast, scalable, and reliable blockchain that supports decentralized applications (DApps) and accelerates the development of Web3. Avery Ching and Mo Shaikh launched the Aptos blockchain on October 12, 2022. It aims to achieve high throughput and low latency, meaning it can handle about 160,000 transactions per second and verify them in less than 1 second on average. Aptos technology natively integrates the Move language to provide these fast and secure transactions, allowing developers to write smart contracts and build DApps. Aptos provides everything needed to 'build your big ideas,' even incorporating artificial intelligence, making it easy for both novices and experts to use Web3.
Disclaimer: Golden Finance serves as a blockchain information platform, and the content of the published articles is for informational reference only and does not constitute actual investment advice. Everyone should establish correct investment concepts and must enhance risk awareness.
