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Important Information:
Polkadot Q3 financial report: treasury balance of US$153 million, marketing expenses dropped significantly
Metaplanet's stock price has risen 480% since it started its Bitcoin investment strategy, and it has increased its Bitcoin holdings four times this month
Hong Kong police's "codeword" arrest operation smashed a local cryptocurrency fraud group with a total amount of HK$360 million
Sui Foundation: The seller of $400 million SUI is not an insider, but an infrastructure partner
Trump and Harris held a campaign event in Pennsylvania on Monday to win voter support
Bitcoin mining company Bit Digital spends $46 million to acquire Canadian Enovum data center
Data: Justin Sun deposited all 3.97 million PUFFER airdrops into HTX 14 hours ago, currently worth $2.85 million
“What important events have occurred in the past 24 hours?”
Polkadot Q3 financial report: treasury balance of US$153 million, marketing expenses dropped significantly
Polkadot community members Alice and Bob released the Treasury operations report for the third quarter of 2024 on the official governance forum.
The report shows that the balance of Polkadot’s treasury is 33.3 million DOTs (US$153 million), and after deducting liabilities, the surplus is 32.4 million DOTs (US$149 million).
In terms of expenditure, the Polkadot Treasury spent a total of US$27 million (5.2 million DOT) in the third quarter, which is about half of the total expenditure in the second quarter (from US$58 million to US$27 million). In terms of DOT, it dropped from 8 million DOT to 5.2 million DOT.
Specifically, marketing-related expenses decreased the most, from $27 million to $9.9 million; development-related expenses remained stable, increasing from $10 million to $11.9 million; operating expenses also remained at a similar level, decreasing from $1.7 million to $1.4 million; talent and education-related expenses increased slightly, from $2.3 million to $3.8 million; research expenses were low, from $1.5 million to $310,000; and no economic incentive proposals were approved this quarter.
Metaplanet's stock price has risen 480% since it started its Bitcoin investment strategy, and it has increased its Bitcoin holdings four times this month
According to Cointelegraph, Japanese listed company Metaplanet has doubled its Bitcoin holdings this month, buying more than 450 Bitcoins in four purchases. Today, Metaplanet announced the purchase of about 107 Bitcoins, worth about $6.7 million. The company's stock price rose 15.7% today. The recent increase brings Metaplanet's total BTC holdings to 855.5.
Metaplanet's stock price has risen 480% since it announced its Bitcoin investment strategy in early April. Metaplanet CEO Simon Gerovich said the company's Bitcoin investment strategy was inspired by MicroStrategy and its executive chairman Michael Saylor, whose company currently holds more than 252,000 Bitcoins worth $16.45 billion. According to Bitcoin Treasuries, Metaplanet's Bitcoin holdings rank 23rd among listed companies.
Hong Kong police's "codeword" arrest operation smashed a local cryptocurrency fraud group with a total amount of HK$360 million
The Hong Kong police launched the "Code Word" arrest operation, and the Cyber Security and Technology Crime Bureau assisted in collecting evidence on the Internet and cryptocurrency transactions, smashing a local cryptocurrency fraud group, arresting 27 people, and defrauding a total of up to HK$360 million. Superintendent Yao Yongkan of the New Territories South Regional Criminal Headquarters said that the fraud group mainly used online romance to lure victims into investing in cryptocurrency. In order to defraud money, the group would hire technology professionals, including graduates majoring in digital media from local universities, for technical support, and also worked with overseas fraudsters to build a fake cryptocurrency platform.
Sui Foundation: The seller of $400 million SUI is not an insider, but an infrastructure partner
Sui Network, a public chain project, said on the X platform that in response to the accusation that "Sui insiders sold $400 million worth of tokens during this rally", the Sui Foundation wanted to respond directly to this person:
1. No insiders, foundation or Mysten Labs (including Mysten Labs founders) employees or ML investors, individually or collectively, sold $400 million worth of tokens during this period. Insiders did not engage in any preemptive selling or violations of lock-up periods and circulating supply schedules.
2. Although the poster did not provide a wallet address, we believe the possible owner of the wallet is the infrastructure partner, who owns the tokens according to the lock-up period. All token lock-up periods are executed by qualified custodians and are continuously monitored by the Sui Foundation, and the partner complies with the regulations.
Trump and Harris held a campaign event in Pennsylvania on Monday to win voter support
Republican presidential candidate Trump and his Democratic rival Harris held campaign events in Pennsylvania on Monday, with both sides trying to win over voters in the key battleground state.
Trump has pledged to eliminate the Social Security income tax and deregulate the energy and homebuilding industries in an effort to win over women and independent voters in suburban Philadelphia. Doing so, he argues, will unlock homeownership by lowering inflation and interest rates. "You've been eaten up by inflation, and what I'm doing is bringing you back into balance," Trump said.
Harris, for her part, is looking to boost her support among black male voters with a visit to Erie, where she visited a local record and coffee shop to discuss small business ownership. Harris has proposed tax breaks of up to $50,000 for new small businesses, and ahead of the event, Harris floated measures such as a new program for black entrepreneurs and others facing barriers to financing that would provide up to $20,000 in loans for starting a business up to $1 million.
Harris also pledged Monday to support a regulatory framework for cryptocurrencies, provide more support for the 20% of Black Americans who own or have owned digital assets, and work with lawmakers to legalize recreational marijuana and ensure Black people can participate in the expanding marijuana industry. Other proposals include establishing training and mentoring programs to help Black men get high-paying jobs.
Bitcoin mining company Bit Digital spends $46 million to acquire Canadian Enovum data center
Bitcoin mining company Bit Digital (BTBT) announced that it has acquired the Enovum data center in Montreal, Canada, a Tier 3 high-performance computing (HPC) facility for $46 million. According to the investor presentation, the data center is “100% leased and has a contracted capacity of 4 MW.”
The acquisition was funded primarily from its cash reserves, as well as approximately 1.62 million newly issued BTBT shares. It is unclear whether Bit Digital liquidated any of its digital assets to fund the deal. As of June 30, the company reported $61.7 million in cash and held $118 million worth of Bitcoin and Ethereum as of September 30.
Nansen CEO: Will no longer apply for Singapore permanent residency
I will no longer apply for permanent residency, said Nansen CEO Alex Svanevik at X. Having to ask bureaucrats to support your application, or submit the same documents ten times, seems inconsistent with the values that Lee Kuan Yew founded this country on.
I was surprised to learn that many permanent residents now have to apply for re-entry every year, which in my opinion completely defeats the purpose of becoming a permanent resident in the first place.
So I will continue to hold my Employment Pass (EP) for now while exploring other places to live.
I admit, I am disappointed with the outcome because I feel I have made positive contributions to Singapore in many ways. It is a great place to live and it would be great if Singapore could be home to my family for many generations.
Data: Justin Sun deposited all 3.97 million PUFFER airdrops into HTX 14 hours ago, currently worth $2.85 million
According to on-chain analyst @ai_9684xtpa, Justin Sun has deposited all 3.97 million PUFFER airdrops into HTX 14 hours ago, when the price was $0.3035. If not sold, these tokens are now worth $2.85 million.
"What are the interesting articles worth reading in the past 24 hours?"
Dialogue with Sui Lianchuang Adeniyi: What have we done to improve the user and developer experience?
This article is an interview with Sui co-founder Adeniyi Abiodun by Grayscale. Adeniyi Abiodun is the co-founder and chief product officer of Sui/Mysten Labs. Prior to founding Mysten Labs, Adeniyi led many of Meta's R&D initiatives in the blockchain and cryptocurrency space, including the Diem (also known as the Libra) network and the Move programming language. In the interview, Adeniyi gave an in-depth introduction to the advantages of the Sui network and some practical application scenarios, discussed Sui's innovative applications, both for users and developers, and proposed Sui's future development direction.
Harris once again expressed her views on cryptocurrency in the US election, but was questioned for her lack of sincerity and action.
The US presidential election has entered the countdown, and the competition between Trump and Harris has entered a white-hot stage. Compared with Trump's high-profile crypto actions, Harris rarely makes a clear statement on cryptocurrencies. Recently, Harris announced a series of economic security plans for black male voters during her campaign, including a promise to support a crypto regulatory framework to protect black male cryptocurrency investments. After the plan was announced, Harris was accused by the crypto community of "lack of sincerity" and only used cryptocurrencies as a tool to win the election.
Vitalik's new work: Potential technical routes of Ethereum's post-Merge roadmap
Originally, “the Merge” referred to the transition from proof of work to proof of stake. Ethereum has been running stably as a proof of stake system for nearly two years now, and proof of stake has performed very well in terms of stability, performance, and avoiding centralization risks. However, there are still some areas where proof of stake needs improvement.
My roadmap for 2023 consists of several parts: improved technical features such as increased stability, performance, and accessibility to small validators, as part of “the Merge”, and economic changes to address centralization risks.
