Compiled by: Luan Peng, ChainCatcher
Important Information:
Nigerian court rejects Binance executive's bail request over health issues
RootData: More than 17% of Web3 companies are using the ".io" domain name, including Sui, Optimism, Arbitrum, Filecoin, Blur and other well-known projects
Justin Sun: Liberland is a powerful example of the relationship between the state and its citizens, and he will further advance this vision during his tenure as acting prime minister
Market News: Meme Coin SPX6900 official account was hacked, please do not click any links
Matrixport: Before the US election, traders can consider using call option arbitrage strategies to gain profits
Ethiopia expands Bitcoin mining power allocation to 600 MW
Survey: 29% of European payment service providers are unwilling to cooperate with cryptocurrency exchanges
Fidelity disclosed that the data of more than 77,000 customers was leaked in August and the relevant vulnerability has been fixed
“What important events have occurred in the past 24 hours?”
Nigerian court rejects Binance executive's bail request over health issues
According to Bloomberg, a Nigerian court rejected the bail application of Binance executive Tigran Gambaryan, who was on trial for alleged money laundering and currency manipulation, on health grounds, and instructed the prison to send him to a hospital for treatment. Tigran Gambaryan, head of financial crime compliance at Binance, has been detained in the country since February, and U.S. lawmakers said he was unfairly detained. His lawyers have repeatedly mentioned his poor health and said he needs surgery.
RootData: More than 17% of Web3 companies are using the ".io" domain name, including Sui, Optimism, Arbitrum, Filecoin, Blur and other well-known projects
According to data from the Web3 asset data platform RootData, among the 15,032 projects/institutions currently in operation (excluding ceased operations) included in RootData, a total of 2,675 projects/institutions (including 2,549 projects and 126 institutions) are using the ".io" domain name, accounting for approximately 17.8%.
Well-known projects include Sui, Sei, Arbitrum, Filecoin, Blur, Optimism, KuCoin, BitTorrent, Gate.io, StarkNet, Merit Circle, EOS, Neiro, Nexo, Synthetix, zkSync, Raydium, Blur, IOTA, Kava, IoTeX, 1inch, WOO X, Hamster Kombat, AltLayer, Mask Network, GMX, Metis, Blast, Banana Gun, etc. Well-known institutions include Waterdrip Capital, The Spartan Group, AC Capital, OpenSea Ventures, Ryze Labs, YBB Foundation, Ton Ventures, etc.
As previously reported, the British government announced that it would give up its sovereignty over the Chagos Islands in the Indian Ocean. Once the treaty is signed, the British Indian Ocean Territory will cease to exist. Previously, the Internet Assigned Numbers Authority (IANA) nominally assigned ".io" as a country code top-level domain name (ccTLD) to the British Indian Ocean Territory. The return of the Chagas Islands will cause the British Indian Ocean Territory to disappear, and the corresponding ISO-3166 two-letter country code IO and ".io" domain name may also be cancelled.
Justin Sun: Liberland is a powerful example of the relationship between the state and its citizens, and he will further advance this vision during his tenure as acting prime minister
Justin Sun, founder of the TRON (TRX) network, responded to the previous incident of being elected as the acting prime minister of the unrecognized micro-nation of Liberland in a post on X. He was indeed happy to see the community elect him as the prime minister of Liberland. The main points are as follows:
More than just a country, Liberland embodies a political philosophy that champions freedom, minimal government intervention, and individual autonomy.
As Acting Prime Minister, my goal is to actively promote the idea of small government, not only within Liberland, but as a model for the world. Our success can inspire other countries to embrace liberal principles, showing that minimalist government can bring stability and prosperity without excessive regulation or coercion. By adhering to this approach, we will further solidify Liberland's position as a beacon of freedom and individual autonomy.
Looking to the future, envision Freeland becoming a global symbol of liberal ideals, a spiritual home for people around the world who cherish freedom. Just as Vatican City represents the central spiritual authority for Catholics, Freeland will be the heart of the liberal movement. Liberals around the world may have their own countries and nations, but Freeland will be their ideological home: a place that honors and embodies their beliefs in freedom, self-government, and voluntary governance.
What is truly unique about Liberland is that it is the first country whose relationship with its citizens is not based on blood or geographical borders, but on shared principles and values. There are no compulsory obligations, no taxes, and no orders imposed on citizens. Everything is based on voluntary participation and mutual respect, believing that all governments should work this way - even if they don't now, they will in the future.
Liberland is a powerful example of the relationship between state and citizens and is committed to furthering this vision during his tenure as Prime Minister.
Earlier news, according to a document disclosed by @tier10k, the internationally unrecognized micro-country of Liberland announced the results of its latest parliamentary election. Justin Sun, founder of the TRON (TRX) network, won the election and was nominated by Liberland President Vit Jedlička as acting prime minister. According to an official statement from Liberland, the vote count for this election was completed at 5 a.m. Central European Time on October 6, marking the first full deployment of the country's blockchain-based election system. The election process uses a simple set of rules and is fully algorithmic, aiming to provide transparency and eliminate doubts about the election results.
Market News: Meme Coin SPX6900 official account was hacked, please do not click any links
Meme coin KOL Murad disclosed on the X platform that the official X account of the Meme coin project SPX6900 (SPX) was hacked, "Please do not click on any links. There is no airdrop, no staking, and no other tokens."
Matrixport: Before the US election, traders can consider using call option arbitrage strategies to gain profits
Matrixport published a chart saying that as implied volatility continues to be low, Bitcoin traders need to establish corresponding positions to prepare for the bull market that may be brought about by Trump's victory. Bitcoin options will expire on November 8, 2024, but the market has not seen extreme positions, indicating that traders are cautious about the results of the election. However, the strike prices of $65,000 and $70,000 indicate that many traders are looking forward to a market rebound.
The Bitcoin options market, with a volume of between $42 billion and $71 billion this year, is gradually replacing crypto stocks, which have performed poorly since the Bitcoin halving in April 2024, as a more popular leverage tool for traders. In addition, although MicroStrategy's current share price is higher than the value of its Bitcoin holdings, holding MicroStrategy has become an alternative option to gain direct exposure to Bitcoin.
At the beginning of this year, the macroeconomic situation was positive and the price of Bitcoin rebounded at one point, but as the market structure and liquidity driving factors both weakened, it retreated again.
Trump's victory could be bullish for Bitcoin, but gains will be thwarted if the Federal Reserve takes a tighter monetary stance in response to the excessive stimulus from Trump's policies. During the pre-election period, traders looking to make short-term profits could consider using a call option arbitrage strategy to manage risk and capture upside gains.
Ethiopia expands Bitcoin mining power allocation to 600 MW
Ethiopia has expanded its electricity allocation for Bitcoin mining to 600 megawatts, making it one of the fastest-growing markets in the world, with plans to increase capacity further this year.
According to Ethan Vera, co-founder and CEO of bitcoin miner Luxor, miners in Ethiopia mainly use mid-generation devices with lower power consumption, such as S19J Pro and A1346 models.
Ethiopia is also understood to be aiming to become a Bitcoin mining hub by signing power supply agreements with 21 mostly Chinese mining companies.
Survey: 29% of European payment service providers are unwilling to cooperate with cryptocurrency exchanges
A survey of 100 European payment service providers (PSPs) by foreign exchange and payment fintech company Neo shows that banks are not doing well in collaboration. 29% of PSPs are reluctant to work with cryptocurrency exchanges due to restrictions on banking partners.
The survey also found that 95% of PSPs had experienced bank account closures or restrictions, with 71% of cases occurring without clear reasons provided by the bank. To address this, most PSPs maintain relationships with multiple banks, but the process of finding a new bank partner is lengthy, taking an average of 11.5 months.
Fidelity disclosed that the data of more than 77,000 customers was leaked in August and the relevant vulnerability has been fixed
Fidelity filed a document with the Maine Attorney General this week saying 77,099 of its customers were affected by the data breach, a small fraction of its 51.5 million customer base.
It said an attacker gained access to customer names and other personal identifiers using two recently established customer accounts between August 17 and 19. The unauthorized access was terminated on August 19 when Fidelity first discovered the breach.
The company said it received assistance from "external security experts" to resolve the issue. Fidelity stressed that no third party had accessed any Fidelity accounts.
Fidelity said it would provide affected users with two years of free credit monitoring and identity restoration services "to detect any unusual activity that may affect a user's personal financial situation."
Binance will open trading bot services for EIGEN/TRY, PEPE/FDUSD and other trading pairs
Binance announced that it will open trading robot services for the following trading pairs at 16:00 Beijing time on October 11, 2024, supporting spot grid and spot DCA (dollar cost averaging): EIGEN/TRY, PEPE/FDUSD, SUI/FDUSD.
“.io” domain names may disappear due to geopolitical influences
The British government announced that it would give up its sovereignty over the Chagos Archipelago in the Indian Ocean and transfer it to the neighboring island nation of Mauritius. Once the treaty is signed, the British Indian Ocean Territory will no longer exist. International agencies will update their records.
Previously, the Internet Assigned Numbers Authority (IANA) nominally assigned ".io" as a country code top-level domain name (ccTLD) to the British Indian Ocean Territory. The return of the Chagas Islands will cause the British Indian Ocean Territory to disappear, and the corresponding ISO-3166 two-letter country code IO and the ".io" domain name may also be cancelled.
It is reported that many users and businesses regard ".io" as a generic top-level domain (gTLD) rather than a specific country. As of 2023, approximately 1.2 million ".io" domain names have been registered, a large portion of which are companies related to cryptocurrency.
Musk changed the X account profile picture to a theme picture with the characters "WE,ROBOT"
Musk changed his X account profile picture to a themed picture with the characters "WE,ROBOT".
Data: Bank of Korea cuts its benchmark rate by 25 basis points to 3.25% from 3.50%
According to KBS, the Monetary Policy Committee of the Bank of Korea held its seventh monetary policy direction meeting this year today (11th), lowering the benchmark interest rate by 25 basis points from the current 3.50% to 3.25%.
The rate cut marks the Bank of Korea's shift to easing after three years and two months from its monetary tightening stance of 0.25% since August 2021.
Trump: In fact, the Fed lowered interest rates too quickly
Trump said inflation was much worse than expected last month, twice as high as expected, with most of the increase coming from rising food prices, rising rent and housing costs, and rising car prices. Interest rates are also a big factor. They are very high. In fact, the Fed lowered interest rates a little too fast. The reduction was too large, and everyone knows it was a political operation. Under Biden and Harris, the economy is a complete mess because of inflation. But Harris said she couldn't think of any different decisions she would make.
"What are the interesting articles worth reading in the past 24 hours?"
Ethereum ETF is coldly received: Why are investors unwilling to pay for it?
Ethereum ETFs haven’t received as much attention as Bitcoin ETFs, and even saw net outflows this week. Tom Carreras investigates.
The performance of Ethereum spot exchange-traded funds (ETFs) has failed to attract the same demand as Bitcoin spot ETFs.
But given the enormous popularity of Bitcoin products, that’s a tall order.
Disadvantages include the lack of staking returns for ETFs and the difficulty in marketing Ethereum to investors.
For many investors, the performance of spot Ethereum ETFs has been disappointing.
By comparison, spot bitcoin ETFs have handled nearly $19 billion in inflows over a 10-month period, while the Ethereum ETF, which began trading in July, has failed to generate the same traction.
To make matters worse, Grayscale’s ETHE, which existed as an Ethereum Trust before converting to an ETF, suffered massive redemptions during the conversion process, while demand from other Ethereum funds failed to offset this trend.
This means that Ethereum ETFs have experienced $556 million in net outflows since launch. According to Farside data, this week alone, these products have seen net outflows of $8 million.
So why is the Ethereum ETF behaving so differently? There are several possible reasons.
“The DWF of Meme” was accused of fraud. In addition to Neiro and Bonk, what other projects did Gotbit make markets for?
On October 9, U.S. federal prosecutors filed charges of market manipulation and fraud against four cryptocurrency “market makers” and their employees, with the SEC and FBI also involved in the investigation. Gotbit, the market maker behind the so-called “meme DWF”, Bonk, and Neiro, is on the list.
Currently, Gotbit's CEO Aleksei Andriunin has been arrested in Portugal, and two of Gotbit's employees in Russia have also been indicted.
As early as a year ago, the on-chain detective ZachXBT had exposed Gotbit’s market-making practices and warned users to be wary of any project that cooperated with Gotbit. Since then, Gotbit has also been controversial because of the suspected rugs in multiple tokens involved in market making.
However, Gotbit’s market-making service still attracted a large number of project parties and meme teams. According to Gotbit’s official X platform, Gotbit provided market-making services to about 50 project parties such as Neiro and Hamster Kombat this year, most of which were memes.
Learn from Zhang Yiming's "new social product" and dismantle the entire chain of SocialFi's hematopoietic ability
Whether the SocialFi track can get rid of the "growth dilemma" may need to rely on the "Fi" link's hematopoietic ability to be sufficiently verified. In the previous article (SocialFi's "narrative failure", does encrypted social networking still have a future?), we briefly analyzed the main problems of the current SocialFi track projects. In order to solve these problems, combined with the main characteristics and advantages of encrypted projects, the SocialFi project may also need to partially learn from the development ideas of traditional mobile Internet blockbuster applications.
In this article, Odaily Planet Daily will break down and explain the "Fi" aspects of traditional social products and the SocialFi project, and analyze the development history of "ByteDance's hit app Lemon 8", which has performed well recently and is known as the "overseas version of Xiaohongshu", for reference by players in the SocialFi track.
16% of Web3 companies use .io
The United Kingdom has relinquished sovereignty over the Chagos Archipelago in the British Indian Ocean Territory and handed it over to Mauritius. This historic moment marks the end of British colonialism in Africa and has also sparked widespread discussion about the future of the highly anticipated .io top-level domain.
Who is Angela Meng, the Chinese-American boss of Coinbase, who moved to the United States at the age of 11?
Who is Angela Meng? This may be the biggest news in the Chinese crypto community these days.
In the crypto industry, marriage news can also spark a discussion, especially when the protagonist is Brian Armstrong, co-founder and CEO of Coinbase, the world's most well-known cryptocurrency trading platform. Recently, Brian announced on social media that he had been married to Angela Meng for a week, and this news quickly sparked heated discussions in the crypto community. Well-known figures from the global crypto field have sent their blessings, and Cathie Wood of Ark Invest and the founder of MicroStrategy have expressed their sincere congratulations to the newlyweds.
