This article is reproduced with permission from: (Web3Brand)

Original author: Rubywang.eth

Image source: Web3brand

The original post is at https://x.com/rubywxt1/status/1849612840791048348

According to a United Nations report, [North Korean hackers] have stolen more than $3 billion in cryptocurrency over the past seven years. What you may not know is that in most cases, hackers joined the Web3 project team through "applying for remote work", and even more than 1/3 of some project teams are North Korean hackers. Have you interacted with a project that has been infiltrated by hackers? What precautions can be taken?​

The chaos and lack of innovation in the crypto world lead people to question: Are we truly making substantial progress toward an ideal future? (Protocol Revolution and DigiLaw Project) The introduction explores the essence of the crypto world, the bottlenecks in its development, and the infinite possibilities for future construction, providing important reflections on understanding the true nature of this new planet. This article is the third in the series of introductory content.

The birth of emerging technologies often comes with immense doubt and uncertainty, not only because it reshapes our way of life but also challenges our cognition and values. However, the torn understanding of the iPhone and Tesla cars quickly reached a consensus. Yet today, with Bitcoin leading the way, the crypto industry has made considerable progress; why are there still numerous positive and negative controversies intertwined? Why does the public's understanding of the crypto world remain filled with confusion and conflict, and why do many still fail to see the beautiful future of the crypto world?

(Edo-mae Monster) Japanese chain game pre-registration starts

According to Japanese media (Web3 Games Business), the blockchain game (Edomae Monster) (Edomae Monster) (tentative translation) jointly developed by CLINKS and Flying Penguin has opened pre-registration on October 25.

(Edo Mae Monster) is expected to be launched on the Seamoon Protocol platform operated by DMM Crypto at the end of November this year. The game combines elements such as "RPG × equipment production brushing × sushi restaurant simulation". Players can obtain NFT through playing and Can be traded in markets outside the game.

The speed of AI development is accelerating, and capabilities that were once unimaginable are now a reality. Especially AI agents—or virtual colleagues—who will work alongside us in the future and may eventually be able to perform tasks independently.

In fact, Gartner predicts that by 2028, at least 15% of daily work decisions will be made autonomously by AI agents (this proportion was 0% in 2024).

To further emphasize the potential of AI technology, the company has listed it as a top strategic technology trend for 2025. Gartner's distinguished vice president analyst Gene Alvarez said: "This is happening very, very quickly."

Bitcoin mining industry transforms into AI, investors pay more attention

Bitcoin recently surpassed the $70,000 mark, reigniting enthusiasm for the cryptocurrency. At the same time, the mining industry is also welcoming new investment opportunities, especially those mining companies that are transforming into the artificial intelligence (AI) industry. After experiencing weakness due to the Bitcoin "halving" event in mid-2024, companies such as Core Scientific (NASDAQ: CORZ) and Iris Energy (NASDAQ: IREN) are repositioning themselves to target the high-growth AI market. These two stocks leverage their extensive infrastructure to tap into the high-performance computing industry, making them strong investment options for the convergence of Bitcoin mining and AI.

12 years ago, you could buy Bitcoin for 10 U!

Bitcoin recently hit another historic milestone. 12 years ago today, cryptocurrency enthusiasts had their last chance to buy Bitcoin for less than $10. Bitcoin historian Pete Rizzo recently shared this interesting fact on X, sparking feelings of nostalgia and wonder in the crypto community. Rizzo posted: "Fun fact: 12 years ago today, you last had the opportunity to buy Bitcoin for less than $10."

Image source: X Pete Rizzo posted that 12 years ago, there was an opportunity to buy Bitcoin for less than $10

Dubai is about to usher in its annual event on Tuesday - Binance Blockchain Week. The event is scheduled to be held in Dubai from October 30 to 31, 2024, with the theme "Momentum".

Binance Blockchain Week recently announced 12 forward-looking projects, which have shown potential and innovation in modularization, re-staking, DeFi, Layer 2 and other industries, and will be promoted at the meeting.

As one of the largest Web3 events in the world, the trends of Binance Blockchain Week are worthy of attention. This article will introduce these 12 projects one by one to provide you with a reference.

Is Hearthstone in big trouble?

At the end of October, the famous card battle game Hearthstone received an update, allowing players to experience the upcoming expansion, The Great Dark Beyond, in advance with version 31.0.

However, as players delved deeper into the files, they were shocked to discover that the pixelated hero avatars Blizzard planned to launch were suspected of being AI-generated, sparking intense discussions in the community.

The origin of the incident can be traced back to social media platform X (formerly Twitter) user @1000_toasters, who discovered while digging into the 31.0 file data that Blizzard was planning to launch a series of pixel hero avatars. Originally, this was a pleasant surprise for players, but upon closer examination of these dug-up avatars, it was found that the details seemed to have anomalies.

In the operation of blockchain, the consensus mechanism is key to maintaining network security and consistency, and the PoS consensus mechanism selects validators through token staking. This article will delve into the operating principles of the PoS consensus mechanism, revealing how this mechanism ensures the security of transactions and the stable operation of blockchains without relying on high energy-consuming computing processes.

What is PoS?

Proof of Stake (PoS) is a consensus mechanism used for blockchain that selects validators by staking cryptocurrencies, who are responsible for confirming transactions and creating new blocks.

Recently, US regulatory agencies seem to be rushing to achieve results for the soon-to-end fiscal year 2024, increasing their regulatory enforcement力度 on the crypto industry.

Last week, the Wall Street Journal reported that the federal government is investigating cryptocurrency company Tether for potentially violating sanctions and anti-money laundering regulations. Although Tether has denied this, it has caused some panic in the market.

Throughout October, the SEC has charged at least 20 crypto projects and individuals, including Cumberland, Gotbit, CLS, ZM Quant, Saitama, and Robo Inu, seizing over $25 million in cryptocurrency. Many of these charges have been enforced in conjunction with the FBI and DOJ, with crypto market-making and trading firms that are closer to money becoming the focus of the crackdown.

Non-farm employment data far below expectations, Bitcoin prices plummet significantly.

The 10 October non-farm employment data released by the U.S. Bureau of Labor Statistics on November 1 was surprising, with only 12,000 jobs added, far below the market expectation of 100,000 jobs, marking the smallest increase since December 2020. Meanwhile, the non-farm employment data for the previous two months was also significantly revised downward, with a total decrease of 112,000 jobs. However, the unemployment rate was unaffected, remaining exactly as predicted at 4.1%.

The main data is summarized as follows:

Name Published Value Forecast Previous U.S. Non-Farm Employment Change 12,000 106,000 223,000 Unemployment Rate 4.1% 4.1% 4.1%

Editor’s note: I believe that many readers have heard the name ZachXBT frequently recently, including the confrontation with Ansem, the announcement of Murad’s address, the exposure of U businessman Wang Yicong, and the revelation of $SHAR’s project deck. Since 2021, on-chain detective ZachXBT has helped victims of scams and theft recover nearly $500 million. Last month, he uncovered a $243 million theft, the largest theft ever committed against an individual. From tracking crimes deep within the blockchain to uncovering the huge financial flows behind luxury lifestyles, ZachXBT has used his wisdom and persistence to help recover hundreds of millions of dollars in stolen funds in just a few years. This article in (Wired) magazine will take you into the mysterious world of this cryptocurrency "faceless detective", revealing how he battles wits with crypto crimes, as well as the little-known behind-the-scenes stories.

Decentralized exchange leader Uniswap announced yesterday that users can now purchase cryptocurrency on Uniswap through their Venmo accounts. This service is made possible through the integration of the crypto payment platform MoonPay and Venmo. The Uniswap development team stated that they are dedicated to providing users with more frictionless ways to purchase cryptocurrency; unlike centralized exchanges, using Uniswap to buy cryptocurrency allows users to self-custody their assets, reflecting greater transparency and complete control over their assets.

VanEck announces investment in (Off The Grid) developer

According to (Cointelegraph), asset management firm VanEck announced yesterday (10/31) that its private cryptocurrency fund has invested in blockchain game (Off The Grid) developer Gunzilla Games, marking VanEck's second investment in the blockchain gaming sector.

Data from venture capital firm Konvoy shows that in the third quarter of 2024, game startups attracted a total of $517 million in investment.

In March 2024, VanEck invested in another NFT card game (Parallel), with a total funding amount of $35 million, and Solana Ventures along with Coinbase's Base ecosystem fund also participated in the investment.

As MooDeng surged to a market cap of 400 million dollars in a week, and $GOAT reached 800 million in two weeks, more and more in the community are lamenting why their investments went to zero or why they missed such good opportunities. Not just meme coins, the price of Bitcoin also approached historical highs on October 30, hitting $73,562, just $160 away from a new historical peak.

After years of trading cryptocurrencies, everyone must have noticed that due to different personalities and experiences, trading styles, logic, and the projects they focus on vary from person to person. However, everyone has made some money to varying degrees. This year is a watershed moment in the cryptocurrency industry, with Bitcoin and altcoins having completely independent markets, while memes have become the absolute leading narrative. We are very curious to know what kind of returns each person's personality will bring in such a historically rare market situation.

Web3 games are still in their immature stage

During Binance Blockchain Week at the Coca-Cola Arena in Dubai, Cointelegraph spoke with Pixels CEO Luke Barwikowski and Farcana founder and CEO Ilman Shazhaev to discuss the current state of Web3 gaming and how, despite the The industry faces challenges and game companies have opportunities in Web3.

Barwikowski said in an interview that although the Web3 game project has achieved many milestones, the industry as a whole is still immature and there are still many things that need to be solved. He said: "Web3 games are much immature than people think. There are still many things that need to be figured out, and there is still a long way to go." He emphasized that although the Web3 game industry provides opportunities for entry and innovation, But to truly realize its potential, multiple obstacles need to be overcome.

As the end of 2024 approaches, blockchain payments have suddenly accelerated. Many mainstream financial institutions have begun to increase their support for blockchain payments:

On September 26, BlackRock partnered with Ethena to issue the USD stablecoin $USDb.

On October 3, PayPal partnered with Ernst & Young to complete the first commercial remittance using its self-issued $PYUSD stablecoin.

On October 3, VISA announced the VTAP platform to help institutions self-issue and operate stablecoins.

Also on October 3, SWIFT announced it would start experiments with digital currencies and digital asset transactions in 2025.

On October 16, internet payment giant Stripe announced its partnership with Paxos to support stablecoin payments.

According to the technology maturity curve, our crypto industry's technology development stage has now roughly reached the disillusionment period.

Source: C Labs Crypto Observation

When a new thing appears, the triggering period of technological birth (Innovation Trigger) is also called the dawn period.

A significant feature of this period is that there won't be too many participants.

If the things that everyone knows on the street, how could it possibly be in the dawn period?

The period after the dawn phase is the peak period of excessive expectation.

The typical feature of our crypto industry entering the peak period is the various narratives flying around, such as public chains, GameFi, DeFi, etc.

Franklin announced yesterday that it will issue its U.S. Government Money Market Fund, Franklin OnChain U.S. Government Money Market Fund ($FOBXX), through the Base blockchain. Investors can now subscribe to the $FOBXX deployed on the Base blockchain through Franklin's digital asset integration platform, Benji Investments (App Store, Google Play).

Anthony Bassili, the tokenization lead at Coinbase, stated that financial institutions like Franklin are seeking more efficient and low-cost public chain technologies to modernize the financial system.

"Franklin is the first large asset management company to launch tokenized assets on Base, big players are coming."

Celebrity controversy stirs up waves again, MrBeast and GaryVee suspected of manipulating NFT prices.

In recent years, with the rise of NFT and cryptocurrency markets, many celebrities have leveraged their influence to enter this emerging industry. However, internet celebrity MrBeast and Gary Vaynerchuk (GaryVee) have recently been revealed to be involved in a 'speculation plan' in the cryptocurrency and NFT markets, raising public concerns about whether their actions harm the interests of ordinary investors. The incident originated in May 2021, when GaryVee gifted a valuable VeeFriends series NFT 'Gift Goat' to MrBeast, who subsequently made purchases of several million dollars worth of VeeFriends NFTs, causing the market price of VeeFriends to soar and putting retail investors at risk of potential losses.