Headlines
Coinbase Vice President of Engineering Manish Gupta announces his resignation
Manish Gupta, Coinbase's vice president of engineering who has worked at Coinbase for four years, announced on X that he would leave for personal reasons. He said: "I remain as optimistic about cryptocurrencies and Coinbase's mission as ever, and I firmly believe that the team can promote regulatory transparency in the industry and bring the first billion users into the crypto field."
▌Ethereum IC0 Ancient Whale transferred another 6,000 ETH to CEX 20 minutes ago
According to Ember's monitoring, the whale who obtained 150,000 ETH through IC0 transferred another 6,000 ETH (worth about $14.71 million) to Kraken 20 minutes ago. He has sold 30,000 ETH in the past week. So far, he has sold 45,000 of the 150,000 ETH he obtained through IC0 (worth about $113 million).
Quotes
As of press time, according to Coingecko data:
BTC's latest transaction price is $61,328.26, with a daily change of -3.3%;
ETH's latest transaction price is $2,470.44, with a daily change of -5.8%;
BNB's latest transaction price is $552.36, with a daily change of -3.6%;
SOL's latest trading price is $145.02, with a daily change of -6.0%;
DOGE's latest transaction price is 0.1081 yuan, with a daily change of -7.2%;
XPR’s most recent trading price is $0.6047, with a daily change of -2.6%.
policy
▌Indiana man pleads guilty to wire fraud and money laundering charges and steals more than $37 million in cryptocurrency
Indiana man Evan Light pleaded guilty on Monday to charges of conspiracy to commit wire fraud and conspiracy to launder money and steal more than $37 million worth of cryptocurrency from nearly 600 victims, the U.S. Attorney's Office said in a statement. Court documents show that in February 2022, Light "participated in a cyber intrusion involving an investment holding company located in Sioux Falls, South Dakota." The documents also stated that Light was accused of stealing personal information and then stealing assets from hundreds of victims. According to the statement, Light was assisted by "one or more unidentified" persons. The Federal Bureau of Investigation (FBI) is in charge of the investigation. Light could face up to 20 years in prison for each count he pleads guilty to.
▌Hashdex submits revised S-1 application for Nasdaq Crypto Index ETF
Asset management company Hashdex has filed a revised S-1 application for a Nasdaq Crypto Index ETF, according to a regulatory filing on Oct. 1. The filing indicates that the crypto index ETF continues to make progress with the U.S. Securities and Exchange Commission (SEC) after the agency requested more time to decide whether to authorize the fund to trade in August. The Hashdex Nasdaq Crypto Index U.S. ETF will initially include Bitcoin and Ethereum, but the filing states that it may eventually be expanded to include other cryptocurrencies.
Bitwise Files XRP ETF Application in Delaware
Bitwise has filed an exchange-traded fund application in Delaware, and an application for the Bitwise XRP exchange-traded fund (ETF) has appeared on the Department of Corporations website. According to the application, the Bitwise XRP ETF was established on September 30, 2024. The registration agent is listed as CSC Delaware Trust Company, headquartered in Wilmington, Delaware. Filing an application in Delaware does not necessarily mean that a registration application will be filed with the U.S. Securities and Exchange Commission (SEC) soon. This step may be part of early preparations, and a formal filing with the SEC may take months.
More than 20 industry professionals requested a meeting with Harris campaign policy team this month to discuss crypto policy
Several crypto industry leaders have requested a meeting with the campaign policy team of U.S. Vice President Harris and running mate Tim Walz this month to discuss policy proposals to promote innovation and inclusion. In a letter sent to the campaign policy team on Tuesday, Nat'lpolicy Network WOC Blockchain founder Cleve Mesidor, Black Women Blockchain Committee founder Olayinka Odeniran, and Pennsylvania State University Dickinson School of Law professor Tonya Evans, among others, called for the establishment of a regulatory framework for Web3 and DeFi to encourage innovation in the United States. More than 20 people signed the letter. They wrote: "Our group of different Web3 and DeFi industry leaders wrote to request a meeting with the Harris Walz campaign policy team in October 2024 to discuss the importance of Web3 and DeFi policies and regulatory frameworks that promote innovation in the United States."
Blockchain Applications
▌Blockchain identity authentication platform Humanity Protocol announced that it has launched a test network
The blockchain identity authentication platform Humanity Protocol announced that it has launched a test network, where users can register for Human ID, and in a few weeks, they will be able to register their palm prints through the application. It is reported that Humanity Protocol uses palm print recognition technology and zero-knowledge proof to ensure user privacy and security, aiming to provide accessible and non-intrusive applications for establishing human proof in Web3.
Stablecoin protocol Usual reaches cooperation with LayerZero, and the protocol will enter the Layer 2 network
On October 2, the stablecoin protocol Usual reached a cooperation with LayerZero. With the help of LayerZero's cross-chain interoperability, the Usual protocol will introduce the Layer2 network and achieve faster transactions, lower fees and seamless cross-chain functions. In addition, Usual said it is also paying attention to cooperation in CeFi and other fields, aiming to build a seamless bridge between decentralized finance and traditional finance.
▌Bitcoin developer Alpen Labs launches ZK Rollup "Strata"
Bitcoin-focused developer Alpen Labs has launched “Strata.” According to the team: “Strata is the result of two years of R&D by Alpen. In the first phase, Strata will be a ZK rollup on Bitcoin with a minimally trusted BitVM bridge. In the long term, Strata will be a settlement layer for ZK proofs directly on Bitcoin. In April, Alpen received $10.6 million in funding.
Cryptocurrency
▌USDC Treasury mints 50 million new USDC on Ethereum
According to Whale Alert monitoring, USDC Treasury minted 50 million new USDC on the Ethereum blockchain at 02:02:47 Beijing time.
Fidelity FBTC had a net outflow of $144.67 million yesterday
According to Trader T monitoring, Fidelity FBTC had a net outflow of US$144.67 million (2,338 BTC) yesterday.
▌A whale deposited the last 7,000 ETH into Coinbase 8 hours ago, worth $17.68 million
According to the monitoring of the on-chain analyst Ember, the whale/institution that withdrew 29,414 ETH (US$74.49 million) from Coinbase at the end of August at a price of US$2,532 also completed the sale of all ETH 8 hours ago: the last 7,000 ETH (US$17.68 million) was transferred to Coinbase. He hoarded 29,414 ETH (US$74.49 million) at a price of US$2,532, and then sold all of them at a price of US$2,605, realizing a profit of US$2.3 million.
Coinbase adds io.net (IO) and Degen (DEGEN) to its coin listing roadmap
Coinbase has added io.net (IO) and Degen (DEGEN) to its roadmap.
75 million USDT transferred from Bitfinex to Tether Treasury
According to Whale Alert monitoring, 75,000,000 USDT (75,055,312 US dollars) were transferred from Bitfinex to Tether Treasury at around 1:13 Beijing time today.
Important economic developments
▌The probability of the Federal Reserve cutting interest rates by 25BP in November is 63.3%
According to CME's "Fed Watch": The probability of the Fed cutting interest rates by 25 basis points by November is 63.3%, and the probability of cutting interest rates by 50 basis points is 36.7%. The probability of a cumulative rate cut of 50 basis points by December is 32.6%, and the probability of a cumulative rate cut of 75 basis points is 49.6%; the probability of a cumulative rate cut of 100 basis points is 17.8%.
Golden Encyclopedia
What is the Algorithm of Thought (AoT)?
Algorithms of Thought (AoT) is a groundbreaking approach in the field of artificial intelligence (AI) that revolutionizes the way AI models think and reason. Developed by Microsoft Research, AoT introduces a new paradigm for large language models (LLMs) to enhance reasoning capabilities to solve complex problems. It aims to combine the best of both worlds: a nuanced, intuitive understanding of the human thought process with the structured, systematic nature of an algorithmic approach.
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