According to Foresight News, Sui Ecological Lending Platform Suilend has launched sSUI, a liquidity pledge token built on the SpringSui standard. SpringSui is an open source liquidity pledge token standard that supports timely release of pledges to provide liquidity, thereby reducing the risk of depegging. Officials said that in the future, other teams will be able to use the SpringSui standard to deploy LST without permission and for free.
Foresight News reports that market data shows MicroStrategy's market capitalization has surpassed that of Coinbase. Currently, MicroStrategy's market capitalization is reported at $49.54 billion, while Coinbase's market capitalization is reported at $44.54 billion.
Deribit: 28,000 Bitcoin options and 137,000 Ethereum options are about to expire
According to Foresight News, according to Deribit data, 28,000 Bitcoin options and 137,000 Ethereum options are about to expire, involving a nominal value of $1.97 billion and $350 million, respectively. The Put Call Ratio of Bitcoin options is 0.92, with a maximum pain point of $69,000. The Put Call Ratio of Ethereum options is 0.69, with a maximum pain point of $2,550.
OpenSea Integrates the Foundational Game Ecosystem B3 Chain
Foresight News reports that OpenSea has announced it has integrated the foundational game ecosystem B3 Chain. B3 will provide game developers and studios with a new venue to deploy NFT collections and in-game assets within OpenSea. OpenSea CEO Devin Finzer stated, "Adding B3 to OpenSea will fundamentally enhance our users' Web3 gaming experience, allowing them to mint in-game items faster and cheaper."
Trump Celebrates 16th Anniversary of Bitcoin White Paper and Promotes Voting in Election
Foresight News reports that Trump tweeted, "I want to wish our great Bitcoin enthusiasts a happy 16th anniversary of the publication of the Satoshi Nakamoto Bitcoin white paper. We will end Harris's war on cryptocurrency, Bitcoin will be made in America, vote for Trump."
Florida CFO: State holds $800 million worth of crypto
According to Foresight News, according to The Block, Jimmy Patronis, chief financial officer of Florida, said in an interview with CNBC on Thursday that the state's investment portfolio holds about $800 million in cryptocurrency-related investments. Patronis said in a letter that Florida should invest part of the state pension system funds in cryptocurrencies.
Tether's net profit for the third quarter reaches 2.5 billion dollars, with a cumulative net profit of 7.7 billion dollars year-to-date
Foresight News reports that the stablecoin issuer Tether has released a report stating that its net profit for the third quarter reached 2.5 billion dollars, with a total profit of 7.7 billion dollars over the past 9 months, and a cumulative net profit of 7.7 billion dollars year-to-date; the circulating stablecoins are close to 120 billion dollars, growing 30% year-to-date; the reserves consist of over 105 billion dollars in cash and equivalents, of which 102.5 billion dollars are directly and indirectly held U.S. Treasury securities.
Base ecosystem project Time.fun migrates to Solana, citing exhaustion in the Ethereum ecosystem
Foresight News reports that the time tokenization platform Time.fun, originally based on Base, has announced its migration to Solana. Time.fun co-founder 0xKawz stated, 'Over the past year and a half, Solana has held an absolute dominance in most aspects. Meanwhile, the Ethereum ecosystem feels exhausting. In most cases, they only care about technology and are self-righteous. Ethereum feels like a group of philosophers looking down on ordinary people. If Ethereum cannot solve its cultural issues, Solana will dominate as more builders like Time.fun choose to migrate.'
Magic Eden test token TestME application channel closed, all unclaimed portions will be destroyed
Foresight News report, the Magic Eden test token testME airdrop application has ended at 8:00 AM Beijing time, and all unclaimed tokens will be destroyed.
Cryptocurrency industry spending on enforcement response has exceeded $400 million since Gary Gensler became SEC chairman
According to Foresight News, data from the Blockchain Association shows that since Gary Gensler took office as the chairman of the U.S. Securities and Exchange Commission (SEC), the U.S. cryptocurrency industry has spent over $400 million to respond to the agency's enforcement actions. During this period, the SEC has filed lawsuits against several large cryptocurrency companies, including Coinbase and Kraken. The Blockchain Association stated that the $400 million is just "a small part of the industry," as this is based on a sampling survey of its association members.
Ellipsis Labs completes $21 million funding to launch Layer 2 blockchain Atlas
Foresight News reports that, according to CoinDesk, Solana-based DeFi protocol Phoenix developer Ellipsis Labs has completed a new funding round of $21 million, including $20 million from Haun Ventures and $1 million from other investors, to accelerate the launch of the Layer 2 blockchain Atlas focused on verifiable finance. Ellipsis stated it plans to apply its experience building Phoenix to Atlas, which was initially launched as a Layer 2 solution on Ethereum aimed at accessing liquidity pools from both Ethereum and Solana; key features will include low-latency transaction processing, reliable oracle updates, and sorting for non-custodial on-chain price discovery.
Zircuit Fairdrop is now open to Eigenlayer holders and stakers
Foresight News reported that ZK Rollup Zircuit, which is EVM compatible, announced that the Zircuit Fairdrop is now open to Eigenlayer holders and stakers. This event will allocate 2% of the total supply of ZRC tokens, and all eligible wallet addresses will receive the same rewards (regardless of the staking amount). Additionally, the official announcement states that there will be future airdrops of ZRC tokens to EIGEN holders on trading platforms.
Trump family's crypto project WLFI cuts fundraising target by 90% to $30 million
According to Foresight News and reported by CoinDesk, regulatory documents show that the Trump family's crypto project World Liberty Financial (WLFI) has significantly reduced its fundraising target after its WLFI token sales fell far short of expectations. The company currently plans to raise up to $30 million from investors, down about 90% from its initial target of $300 million.
An entity owned by Trump called DT Marks DEFI LLC can only receive 75% of the 'net agreement revenue' (including token sales) after World Liberty Financial has accumulated $30 million as operating capital.
Zhao Changpeng: Cryptocurrency practitioners should not download files from emails as it poses significant security risks.
Foresight News reported that Binance's former CEO Zhao Changpeng responded to users receiving emails about "Giggle Academy containing file download links" by stating, "Tell the team this is an incorrect way of inviting. Cryptocurrency practitioners should never download files from emails. This is a huge security risk that will be fixed."
Immutable: Has received Wells notice from the SEC, but the IMX token is not a security
Foresight News reports, according to Decrypt, that the blockchain gaming company Immutable has issued a statement indicating that it has received a Wells notice from the U.S. Securities and Exchange Commission (SEC). In addition, the SEC also sent a letter to the company's CEO James Ferguson and the Digital Worlds Foundation, which helped issue the IMX token, detailing the company's alleged violations of securities laws. Among them, it non-specifically accused the company of violating securities laws and making false statements.
Immutable spokesperson stated, "Although the SEC indiscriminately claims that all tokens in the industry are securities, we are confident that the IMX token is not a security. This notice only cites legal provisions, and the meaningful details contained are limited."
Nubit and ZeroSync jointly publish a research paper on Bitcoin BitVM formal verification
According to Foresight News, Nubit and ZeroSync jointly published a research paper on the formal verification of Bitcoin BitVM. This academic achievement was led by Nubit and completed in collaboration with top institutions such as ZeroSync, Alpen Labs, Citrea, Layer 1 Foundation, Stanford University, and University of California, Santa Barbara, and was funded by Fractal Bitcoin and Starkware. It has established a new technical standard for BitVM, the execution layer of Bitcoin's decentralized trust.
In the paper, the BitVM "one-click verification" mathematical proof mechanism provided by Nubit enables developers, researchers, and users to ensure the security of their use of BitVM without complex encryption knowledge, which is a new step towards the popularization of the Bitcoin ecosystem.
Web3 Game Studio 81Ravens Completes $4.5 Million Funding Round, Led by Gree Ventures and Others
Foresight News reports, according to Venturebeat, that the Web3 game studio 81Ravens has completed a $4.5 million funding round, led by Gree Ventures and Digital Hearts Holdings. 81Ravens is based in Singapore and is the developer of Paravox, a 3v3 arena shooting game on the Solana blockchain, which is currently in the global public Alpha testing phase.
Foresight News reports that Crypto.com has announced the acquisition of the SEC-registered brokerage Watchdog Capital to expand its product range and broaden investment channels for eligible U.S. traders in stocks and options.
Binance Web3 Wallet Launches Zircuit Bonus and Gas Fee Subsidy Program
Foresight News reports that Binance's Web3 wallet has launched the Zircuit bonus and gas fee subsidy program. Users who bridge and stake ETH using the Binance Web3 wallet will receive a gas rebate of 10 USDC upon completing tasks.