Compiled by: Luan Peng, ChainCatcher
Important Information:
Telegram founder: Telegram has updated 10 application functions in one day, including gifts, tags, etc.
Former Russian investigator sentenced to 16 years in prison for taking $73 million in Bitcoin bribes, the largest bribery case in the country's history
HBO documentary suggests Peter Todd is Satoshi Nakamoto, Peter Todd has publicly denied it
Analysis: HBO documentary believes Peter Todd is Satoshi Nakamoto for reasons including postings, spelling habits, etc.
20,000 people in Argentina fell into a fake crypto project related to USDT, and the victims have filed a lawsuit
FTX files for settlement with former Alameda CEO, who will give up “all assets”
86-Year-Old Man Admits to Running Crypto Ponzi Scheme, Will Pay $14 Million
Binance will remove spot trading pairs such as APE/ETH, ATOM/BNB, BAL/BTC, etc.
“What important events have occurred in the past 24 hours?”
Telegram founder: Telegram has updated 10 application functions in one day, including gifts, tags, etc.
Telegram founder Pavel Durov posted on his personal TG channel: “Yesterday I proposed 10 improvements to our app. We prepared the mockup that day, and today we have a fully functional version with these features implemented.
These updates include 5 improvements to gifting, 3 improvements to tags, the ability to add media to a message after it’s been sent, and the ability to see when a message was edited. All in just one day.”
Former Russian investigator sentenced to 16 years in prison for taking $73 million in Bitcoin bribes, the largest bribery case in the country's history
According to Decrypt, former Russian investigator Marat Tambiyev was sentenced to 16 years in prison for accepting approximately $73 million in Bitcoin bribes during his investigation of organized crime. This amount is more than five times the previous highest bribe amount in Russian history.
Marat Tambiyev was accused of transferring half of the criminal gang’s bitcoins to his own wallet and leaving the other half to the criminals. Investigators found the bitcoin wallet key in a folder named “pension” on his laptop.
Marat Tambiyev has maintained his innocence in court and argued that his actions helped the state recover some of the gang's proceeds. He plans to appeal the verdict, according to Russian state media. Currently, one-third of the bitcoins that were stored on Marat Tambiyev's computer have been recovered, and the whereabouts of the rest are still unclear.
HBO documentary suggests Peter Todd is Satoshi Nakamoto, Peter Todd has publicly denied it
According to Cointelegraph, Cullen Hobak, the producer of HBO's documentary (Money Electric: The Bitcoin Mystery), showed Peter Todd and Blockstream founder Adam Back the evidence he pieced together, concluding that Peter Todd was Satoshi Nakamoto.
The documentary ends with Peter Todd saying, "Yes, I am Satoshi Nakamoto." But this admission by Peter Todd does not specifically prove that the Canadian developer is the inventor of Bitcoin. Peter Todd uses the quote "I am Satoshi Nakamoto" to support the privacy rights of the real inventor.
Peter Todd has publicly denied being the creator of Bitcoin and questioned Hoback’s conclusions after footage from the documentary leaked online ahead of its premiere that seemed to point to him as Satoshi Nakamoto.
Analysis: HBO documentary believes Peter Todd is Satoshi Nakamoto for reasons including postings, spelling habits, etc.
@tier10k posted on X that the main reasons why HBO believes Peter Todd is Satoshi Nakamoto (which he denies) are as follows:
In 2010, Todd responded to Satoshi on bitcointalk (from a new account); HBO claimed that he accidentally completed Satoshi's post using his own account;
After a few days neither account was updated;
Todd later deployed the “replace-by-fee” concept discussed in the post;
The documentary claims Todd used the pseudonym "John Dillon" to promote RBF;
Both used British/Canadian spellings;
Satoshi released on a schedule that the documentary claims aligns with the students’ schedule, with more content released on weekends;
Todd once discussed “sacrificing” Bitcoin; the documentary states this refers to destroying Satoshi’s Bitcoin.
20,000 people in Argentina fell into a fake crypto project related to USDT, and the victims have filed a lawsuit
According to CryptoNews, as many as 20,000 people in the Argentine city of San Pedro were involved in a fake USDT-related crypto project promoted by some unknown actors.
Lawyers said the platform operator promised to double investors' funds within six weeks and provide some investors with daily returns of 1% to 2% in US dollars. At present, at least 50 victims are preparing to file a lawsuit against a company called Knight Consortium. The company operates a crypto platform called "RainbowEx" but has not registered or obtained any legal support.
The victims include retirees, and some investors have been unable to withdraw their money for three weeks, sparking widespread panic.
FTX files for settlement with former Alameda CEO, who will give up “all assets”
According to Cointelegraph, FTX filed a motion seeking court approval for a settlement with former Alameda Research head Caroline Ellison.
Ellison agreed to transfer assets not seized by the government or used for legal expenses to FTX creditors. The motion states that once the terms are met, Ellison will only be left with certain personal physical property. She also promised to cooperate with FTX's investigation and litigation and share information she obtained on Alameda and her relationship with Sam Bankman-Fried.
FTX said the settlement will enable creditors to recover “substantially all recoverable assets” while Ellison’s collaboration will provide significant value.
A hearing on the proposed settlement is scheduled for Nov. 20.
86-Year-Old Man Admits to Running Crypto Ponzi Scheme, Will Pay $14 Million
An 86-year-old former California attorney has been sentenced to five years of probation and ordered to pay nearly $14 million after pleading guilty to running a multimillion-dollar crypto Ponzi scheme, Cointelegraph reported.
On Oct. 8, Las Vegas federal court Judge Gloria Navarro handed down a sentence to David Kagel for the prison term after he pleaded guilty in May to one count of conspiracy to commit commodities fraud.
Due to poor health, Kagel is currently receiving hospice care at a Las Vegas facility for the elderly, where he will serve out his probation unless he leaves, at which time he will be required to wear a monitoring device. Government prosecutors who charged Kagel last year said that from December 2017 to around June 2022, David Kagel and two accomplices lured victims into investing in a fraudulent crypto robot trading scheme with promises of high returns and no risk.
Binance will remove spot trading pairs such as APE/ETH, ATOM/BNB, BAL/BTC, etc.
According to the official announcement, Binance will delete and stop trading of APE/ETH, ATOM/BNB, BAL/BTC, and BNB/DAI spot trading pairs at 03:00 (UTC) on October 11.
Bernstein: Bitcoin price could reach $80,000-90,000 if Trump wins presidential election
Bernstein analysts reiterated their prediction that Bitcoin could reach $80,000 to $90,000 if Donald Trump wins the presidential election next month. While the analysts expect Bitcoin to perform well in the long term regardless of the outcome, they said that if Kamala Harris wins, Bitcoin could test the $40,000 range again.
Trump has repositioned himself as a pro-crypto candidate this year — accepting cryptocurrencies as campaign contributions and outlining policies such as turning the U.S. into a bitcoin mining “powerhouse,” appointing a crypto-friendly SEC chairman and establishing a national strategic bitcoin reserve. Harris, by contrast, had not mentioned cryptocurrencies in any speeches or policy statements until recently, when she made broader comments last month, saying she would encourage cryptocurrency businesses while protecting consumers, that the U.S. should “dominate” in the blockchain space and that digital assets were part of her vision for an “opportunity economy.”
While Bernstein analysts believe Bitcoin will perform well in the long term regardless of the outcome amid a backdrop of low interest rates, persistent U.S. fiscal deficits and unprecedented debt levels, the short-term reaction to the election could be substantial.
ZachXBT: 11 highly associated addresses with Murad were found, holding approximately $24 million in MEME tokens
ZachXBT posted that it had discovered 11 high-confidence wallets associated with MEME token KOL Murad Mahmudov, which hold approximately $24 million in meme coins on Ethereum and Solana for the community to monitor his future activities.
All of these wallets are funded from the same Ethereum address;
The source of funds is directly related to the STFX team address/multi-signer. The assets held in the wallet are similar to what he posted;
Each Solana address continuously uses deBridge;
Theoriq, the modular AI agent base layer, is launched on the incentive testnet
Theoriq, a modular AI agent base layer, announced the launch of its incentivized testnet in an X article. According to the development roadmap previously published on its website, Theoriq expects to launch the mainnet of its services by "the end of 2024."
In the meantime, the company will use the testnet phase to further develop its “Agent.”
According to RootData, a Web3 asset data platform, ChainML is a modular, composable AI agent base layer for Web3 machine learning and related complex data-driven computations. ChainML works with leading Web3 protocols as a design partner to apply machine learning to DeFi, gaming, social, and data infrastructure. In May of this year, ChainML raised $6.2 million in a seed round of extended financing and launched an agent base layer called Theoriq.
OpenAI asks to dismiss Musk's lawsuit against the company and its founder Sam Altman
OpenAI on Tuesday asked to dismiss Musk’s federal lawsuit against the company. Musk filed the lawsuit two months ago, accusing OpenAI of abandoning its founding mission of developing an open artificial intelligence platform to “benefit humanity” in favor of maximizing profits. In its motion to dismiss filed in federal court in California, OpenAI said Musk’s lawsuit was the latest in an “escalating campaign to harass OpenAI for its own competitive advantage.”
OpenAI’s filing notes that Musk has since launched his own artificial intelligence startup, xAI, and claims he “tried to use the justice system” to gain a competitive advantage in the field. Musk has not yet commented on the filing.
"What are the interesting articles worth reading in the past 24 hours?"
Increase Ethereum throughput by 50%? Quickly learn about the new community proposal EIP-7781
Recently, a new EIP (EIP) in the Ethereum community has sparked discussion. The new EIP-7781 proposal aims to increase the overall throughput of the Ethereum network by shortening block times and increasing data processing capacity. This proposal was proposed by Ben Adams, co-founder of Illyriad Games, on October 5. In simple terms, it will shorten the block generation time from 12 seconds to 8 seconds, increase the data processing volume of the block, and increase the throughput by 50%. In addition, it also plans to reduce the fees of the Ethereum Layer 2 network by increasing rollup-based delays.
Ben Adams described EIP-7781 as increasing transaction throughput by about 33% without increasing the number of individual blocks or blobs; distributing bandwidth usage over time to reduce peak bandwidth requirements and maintain network efficiency; this is equivalent to increasing the number of blobs from 6 to 8, or increasing the gas limit from 30M to 40M; but this approach does not increase peak bandwidth.
Justin Drake, a researcher at the Ethereum Foundation, expressed support for the proposal. He believes that shortening the slot time to 8 seconds will significantly improve the overall performance and user experience of the network. This change can not only increase network throughput by 50%, improve the efficiency of DEX (such as Uniswap v3), save approximately US$100 million in CEX-DEX arbitrage costs every year, but also optimize Layer by shortening the confirmation time by one-third. 1 User experience of smart contracts. At the same time, reducing slot time can also better distribute peak loads, making resource utilization of execution clients during non-validation peak periods more balanced, in line with Ethereum's long-term expansion goals. Despite the risk of increased time gaming, Justin Drake sees the change as a key step toward a more efficient, scalable network.
Three Arrows Capital returns to set up Meme Fund, but 80% of supply is concentrated in the hands of insiders
Three days ago, 3AC launched a meme fund called $3AC. Users of @bubblemaps quickly discovered that 80% of the supply was concentrated in a single cluster.
But curiosity drove me to dig deeper - what on earth were Su and Kyle up to? Could these two former billionaires really make a comeback?
Can the A-share "emotional bull market" spread to the crypto market? An article reviews the top 5 "China concept" token projects
On October 8, the first day after the National Day holiday, the "emotional bull market" of A-shares continued: A-shares opened this morning, the Shanghai Composite Index rose 10.13%, the Shenzhen Component Index rose 12.67%, and the ChiNext Index rose 18.44%; the A-share securities sector rose to the daily limit, and stock index futures rose to the daily limit across the board; the turnover of the Shanghai and Shenzhen stock markets exceeded 2.5 trillion yuan for the second consecutive trading day; the turnover of the Shanghai and Shenzhen stock markets exceeded 1 trillion yuan for the fifth consecutive trading day, and it took only 20 minutes, setting a new record for the fastest trillion yuan in history; today the Shanghai Composite Index once soared to break through 3,600 points. In the end, the total turnover of the Shanghai and Shenzhen stock markets was 3,451.939 billion yuan, an increase of 858.902 billion yuan from the previous day.
At the same time, the linkage effect of the A-share investment boom is also gradually transmitted to the crypto market: the USDT C2C price fell by about 1% in the morning, temporarily reporting 6.9 RMB. At the same time, the USDT-RMB exchange rate has fallen below 7, lower than the USD-RMB exchange rate. Part of the funds in the crypto market have "fled" to traditional financial markets such as A-shares.
As we mentioned in the previous article (A-shares rose above 3,300 points and straightened their spine, cryptocurrency VS stock market 2024 annual correlation node review): "Due to the smaller market size, the already scarce liquidity of cryptocurrency may further flow back", and today's market performance also indirectly confirms this point; but on the other hand, the emotional bull market of A-shares may drive the further rise of related concept tokens, making it easier for more funds to "join the marginal corners of this feast."
In view of this, this article briefly reviews the “China concept” related token projects for reference by crypto readers.
Base founder Jesse answers 100 questions from the community
Base may soon become the new king of L2.
Dune and DeFilama data show that from October 6, 2023 to October 6, 2024, Base's revenue increased by $64.57 million a year, $7 million more than the second-place Arbitrum; TVL increased by $1.8 billion a year, and the current total TVL is $2.26 billion. During the same period, Arbitrum increased by $700 million a year, with a total TVL of $2.39 billion; Base's weekly transactions reached 35 million times, of which the daily transaction number in recent months is more than double that of the second-place Arbitrum; Base's number of active addresses increased by 59 million. Almost all important data indicators are in a leading position, and Base is considered to be one of the public chains with the best development momentum.
Jesse launched Base last fall, and within a year, Base stood out from dozens of L2s.
This fall (October 1), Jesse joined the Coinbase executive team and became one of the eight core executives. In addition to Base, Jesse will also lead the important product Coinbase Wallet and be responsible for almost all on-chain businesses of Coinbase, the largest cryptocurrency exchange in the United States.
On October 2, Jesse answered questions from all users on Warpcast (Base ecosystem social platform), systematically answering his and Base's development plans for the coming year.
In this AMA, Jesse answered nearly 100 questions, covering topics such as: "Possible future products of Base: unsecured credit, regional stablecoins, Web3 social and creator tools", "Next steps for Base and Coinbase Wallet", "Base ecosystem infrastructure and applications, such as Warpcast, Moxie, etc.", "Views on memes, such as degen and basegod", "Personal interests and emotional life", etc. Foresight News has selected 60 of these questions and categorized them for readers.
Binance was shocked by the "missing case" of nearly $200 million Solana tokens. What is the origin of FalconX that "found the money"?
The disappearance of nearly $200 million worth of Solana tokens has drawn attention to FalconX, a cryptocurrency broker and the world’s first CFTC-registered cryptocurrency swap dealer.
