1. Iran's missile threat to Israel shook the market, and Coinbase and Bitcoin mining stocks were sold off.
2. In early October, retail investors lagged behind institutional investors in terms of Bitcoin purchases. October is historically bullish for Bitcoin.
3. At the close of U.S. stocks, the Nasdaq fell 1.53%, the Dow fell 0.41%, and the S&P 500 fell 0.93%.
4. The total locked value of AAVE V3 exceeds US$10 billion, an increase of 197% from the beginning of the year.
The milestone represents a 197% increase from its $3.36 billion starting point at the beginning of 2024. Below is an excerpt from The Block’s data and insights newsletter.
5. JPMorgan Chase reported that Bitcoin mining profitability fell for the third consecutive month in September.
JPMorgan Chase (JPM) said in a research note on Tuesday that the average Bitcoin (BTC) price and network hash rate rose slightly in September, while daily mining revenue and gross profit fell for the third consecutive month.
6. The US SEC may appeal the Ripple case ruling before October 7.
The SEC has until Oct. 7 to decide whether to challenge a July 2023 ruling by U.S. District Judge Analisa Torres that only some of Ripple's sales of XRP crypto tokens violated securities laws, a ruling that drew criticism from securities lawyers and other federal judges. The ruling was seen as a major legal victory for the still-nascent crypto industry as it sought to prove that the emerging asset class does not violate U.S. securities laws as the SEC believed. It also became a cornerstone of the legal strategy of other crypto entities, such as trading platforms Coinbase, Binance and Kraken, which are currently being sued by the commission for allegedly selling unregistered securities. Former SEC enforcement attorney Arc Powers told Fox Business that the SEC is likely to appeal because the agency and its cryptocurrency skeptic chairman Gary Gensler are determined to exercise jurisdiction over the $2 trillion industry. FoxBusiness said disclosure is a cornerstone of U.S. securities law. When a company sells stock to raise money and expand its business, it must make extensive filings to give investors the information they need to decide whether to buy the stock. Some legal experts said Judge Analisa Torres' ruling upended that disclosure requirement.
7. Tether CEO said that USDT has become the most widely used digital dollar in the world.
Tether’s USDT may have started out as a cryptocurrency, but today the largest stablecoin by market cap is the world’s most widely used digital dollar, Tether CEO Paolo Ardoino said in an interview with Bullish CEO Tom Farley.
8. Bitwise applies for a spot XRP exchange-traded fund, and Grayscale plans to launch an XRP "closed-end" fund.
The spot XRP ETF has not yet been approved by the U.S. Securities and Exchange Commission, and even if it is approved, it may face challenges. Meanwhile, Grayscale said it plans to launch an XRP "closed-end" fund for qualified investors.
9. Cybercriminals admit to stealing over $37 million worth of cryptocurrency.
An Indiana man has pleaded guilty to "cyber intrusion" that stole more than $37 million worth of cryptocurrency from nearly 600 victims, according to the U.S. Attorney's Office. "The stolen cryptocurrency...was subsequently transferred to various locations around the world, including multiple mixing services and gambling sites."
10. A US judge supported the SEC's lawsuit against the crypto wallet Rivetz for selling unregistered securities.
A U.S. district judge sided with the U.S. Securities and Exchange Commission (SEC) in its case alleging that mobile crypto wallet Rivetz sold unregistered securities, a court filing showed on Monday.
11. DeFi leaders wrote to Vice President Kamala Harris' campaign team, calling for changes to digital asset policies.
In a letter sent to the campaign’s policy team on Tuesday, Cleve Mesidor, founder of the national policy network WOC Blockchain, and others asked for policy changes to help keep innovation in the U.S. The letter’s signatories called for policy changes, including more financial education on digital assets.
12. Vitalik Buterin expressed support for the existence of the Hezbollah betting section on Polymarket.
Vitalik Buterin said he supports the creation of a Hezbollah betting section on prediction platform Polymarket despite community concerns. Buterin was one of the participants in Polymarket’s $45 million Series B funding round.
13. Tether CEO Paolo Ardoino emphasized the versatility of USDT.
Tether’s USDT may have started out as a cryptocurrency, but today the largest stablecoin by market cap is the world’s most widely used digital dollar, Tether CEO Paolo Ardoino said in an interview with Bullish CEO Tom Farley.
The above is a selection of hot topics in the past 24 hours. For faster news, please download AICoin (aicoin.com)
