1. Trump revealed that Elon Musk plans to create a new position of "Minister of Cost Cutting", showing his emphasis on financial management.

2. Elon Musk said he plans to build a self-sustaining city on Mars within the next 30 years, reflecting his long-term commitment to space exploration.

Elon Musk responded to a user's question about building a city on Mars on Twitter at 21:07 Beijing time. He said that if civilization remains stable in the next 30 years, a self-sufficient city with a population of 1 million will be built on Mars. It was previously reported that Elon Musk released a new plan to launch 5 starships to Mars within 2 years, send people to Mars within 4 years, and build the first Martian city TERMINUS on Mars that can accommodate 1 million people in 2050. - Original text

3. The address of Ethereum co-founder Vitalik Buterin exchanged 24 ETH through the transaction of DOG, which attracted market attention.

Ethereum co-founder Vitalik Buterin marked the address to exchange DOG for 24.311 ETH, equivalent to about US$59,999.54.

4. The ranking of the world's most suitable countries for cryptocurrency business has been released, with Dubai, Switzerland and South Korea ranking in the top three, reflecting the support of various regions for the crypto industry.

The ranking of the world's most suitable countries and regions for cryptocurrency business in 2024 is released. The top ten are: Dubai, Switzerland, South Korea, Singapore, the United States, Estonia, Italy, Russia, Germany, and Brazil. It is reported that Dubai scored the highest in regulatory clarity, exemption from capital gains tax, preferential corporate tax (9%), and affordable licensing fees, making it a top cryptocurrency destination; Switzerland has 900 registered cryptocurrency companies and offers a preferential capital gains tax of 7.8% for long-term investors, playing a key role in the global cryptocurrency field. -Original text

5. BlackRock Ethereum ETF added 7,574 ETH, bringing the total holdings to 414,168, showing the continued investment interest of institutions in Ethereum.

6. Multiple tokens will be unlocked next week, including AXS and ARB, involving a total amount of approximately US$150 million, indicating changes in market liquidity.

7. Former US President Trump and Elon Musk have frequent interactions, which may affect the future policy direction of the crypto market.

Former US President Trump said that Elon Musk wants to be in charge of cost cutting and will create a new position called "Minister of Cost Cutting".

8. There were 9,625 virtual currency fraud cases in Taiwan in the first half of the year, showing the region's urgent need for cryptocurrency regulation and security.

Virtual currency fraud in Taiwan, China has been increasing. In the first half of the year, there were 9,625 virtual currency fraud cases, an annual increase of 25%, and the amount of financial losses reached NT$14.176 billion, an annual increase of nearly 30%. There are three main types of virtual currency fraud in Taiwan: fake investment, wallet authorization, and secondary fraud.

9. The Avalanche Foundation plans to repurchase the tokens sold to Terra LFG, which needs to wait for court approval, which will affect the future development of the Terra ecosystem.

The Avalanche Foundation announced that it has reached an agreement to buy back nearly 2 million tokens sold to the Luna Foundation Guard, the organization supporting the collapsed Terra ecosystem. The transaction will be completed in April 2022 for $100 million, pending court approval. Financial details of the transaction have not been disclosed, but the tokens are currently worth more than $55 million at full price.

10. Ethereum's gas fee soared by 138.9% in a short period of time, indicating that the on-chain activity has increased and we need to pay attention to subsequent market fluctuations.

The current Ethereum Gas fee has risen to 30.37 Gwei, a 138.9% surge in 10 minutes, indicating that the activity on the ETH chain has increased. Please pay attention to market changes.

11. Paxos released the September PYUSD transparency report, revealing its asset support and market conditions, providing more transparency for the stablecoin market.

Paxos officially released the PYUSD transparency report for September 2024, disclosing the relevant unaudited data of PYUSD as of 05:00 Beijing time on August 31, 2024, including: 1. The total amount in circulation (Total Tokens Outstanding) dropped to US$709,794,225; 2. The current market value of collateral in U.S. Treasury bonds is approximately US$111,598,980, and the nominal position value is approximately US$110,718,542; 3. The current market value of collateral in U.S. Treasury bond-collateralized reverse repurchase agreements is approximately US$585,329,040, and the nominal position value is approximately US$573,852,000; 4. The current market value of cash deposits is approximately US$23,224,383, and the nominal position value is approximately US$23,224,383; 5. The current market value of collateral in total net assets is approximately $720,152,403, with a notional position value of approximately $707,794,925.

12. The CoinW booth was unveiled at the Dubai Future Blockchain Summit, demonstrating its marketing strategy and influence in the global crypto market.

CoinW, the world's leading cryptocurrency trading center, appeared as a platinum sponsor at the Dubai Future Blockchain Summit. CoinW's booth includes a photo wall. This wall continues the design inspiration of CoinW's Token 2049 booth in Singapore, showcasing Dubai's iconic buildings including the Burj Khalifa and the Burj Al Arab, supplemented by space elements, allowing people to instantly wander in the crypto world. CoinW will share this booth with its strategic partner, the Dubai Blockchain Center. Participants can enter from the entrance of Hall 7-10, complete the registration in the registration area on the right, and walk directly to the CoinW booth at H9C15.   -Original text

13. Virtual currency fraud in Taiwan is growing rapidly, with an annual growth rate of up to 25%, highlighting the challenges of cryptocurrency security in the region.

Virtual currency fraud in Taiwan, China has been increasing. In the first half of the year, there were 9,625 virtual currency fraud cases, an annual increase of 25%, and the amount of financial losses reached NT$14.176 billion, an annual increase of nearly 30%. There are three main types of virtual currency fraud in Taiwan: fake investment, wallet authorization, and secondary fraud.

14. Tokens such as AXS and ARB are about to be unlocked, which may have a short-term impact on market supply and demand. Investors need to pay close attention.

The above is a selection of hot topics in the past 24 hours. For faster news, please download AICoin (aicoin.com)