Musk cited an anonymous financial account that said “the national debt has been added $500 billion in the last 3 weeks alone,” adding, “The government is out of control.”

Last month, Musk met with Bitcoin-friendly El Salvadoran President Nayib Bukele, who made history by adopting Bitcoin as legal tender in El Salvador in 2021. Bukele predicted that the U.S.’s days may be numbered.

The U.S. national debt has been growing rapidly in recent years, crossing $34 trillion in early 2024 and surpassing $35 trillion in August.

Earlier this year, Bank of America analysts warned that the US debt burden would soon increase by $1 trillion every 100 days, potentially fueling Bitcoin's price rise, and could reach $36 trillion by the end of 2024.

Airdrop Criteria

It's time to wrap up the first phase of our journey.

In this phase, as promised, we will distribute 70% of the supply.

And as I have said from the beginning, everything will be transparent and open to our users. Below, I’ll outline how we calculated the Airdrop.

The key principle is simple: the more value you brought to the community, the bigger your drop will be. I’ve mentioned this multiple times in my posts, and we will stick to this rule.

We divided all the criteria into two parts.

This model allowed us to objectively evaluate each participant's contribution and allocate tokens accordingly.

Intel faces problems in China

In a statement late Wednesday, the China Cyber ​​Security Association (CSAC) listed alleged vulnerabilities in Intel processor chips, saying the flaws in product quality and security management showed an “irresponsible attitude toward its customers.”

The association also accused Intel of using remote management features to spy on users and surreptitiously install backdoors, as well as ignoring flaws reported by users.

Daniel Newman, CEO of The Futurum Group, noted that the security review comes amid heightened tensions between China and the United States over control of chips and leadership in artificial intelligence.

In its statement, the CSAC noted that Intel was also one of the biggest beneficiaries of the Biden administration’s “CHIP Act,” which the organization said had unreasonably excluded and suppressed the Chinese semiconductor industry.

Tesla Moves All $770 Million of Its Bitcoin to Unknown Wallets

In a series of transactions, the company that made an unprecedented $1.5 billion investment in Bitcoin in February 2021 moved about $770 million in the cryptocurrency to seven new addresses on Tuesday. Tesla previously conducted six test transactions, interacting with Bitcoin wallets for the first time since selling off most of its holdings in 2022.

As of Oct. 15, Tesla held about 9,720,$BTC , worth about $650 million, down from 43,000 at its peak. However, according to Arkham, Tesla holds up to 11,509 across 68 addresses, worth $770 million at current prices. Elon Musk’s SpaceX is estimated to hold 8,285,$BTC , according to Bitcoin Treasuries.
It is unknown why the company is moving $BTC after more than two years of inactivity, although some suspect it may be preparing to sell off an even larger portion of its coins.

$BTC – the downward trend again failed to break through the historical support level of 61065, forming a false breakout.
ETH – the downward trend has been unable to break through the historical support level of 2355 for a long time, forming false breakouts

$SOL – the downward correction stopped at the ascending trend line and began to turn upward.

$BTC hits
$66,500 for the first time since late July, following Harris's lead.

The price of $BTC rose on Monday evening after Democratic presidential candidate Kamala Harris pledged to support a regulatory framework for cryptocurrencies.

The world's largest cryptocurrency briefly reached a late-July high of $66,555. After the surge, prices partially pulled back, trading under moderate pressure on Tuesday.

Elon Musk and Pavel Durov became "friends" on the social network X

Elon Musk subscribed to Pavel Durov on the social network X, formerly Twitter. Interestingly, Pavel Durov himself, the founder of Telegram, subscribed to Elon Musk, the head of Tesla, SpaceX and X. The editorial staff of the resource "Durov's Code" drew attention to this.

It was noted that Elon Musk became the only user that Pavel Durov follows on X. Earlier, against the backdrop of the situation in France, Elon Musk expressed joy that everything is now fine with Pavel Durov.

Musk was one of the first major world figures who sharply condemned the restrictions on freedom of speech in France after Durov's arrest.

The Biden administration is discussing the possibility of restricting sales of advanced AI chips from Nvidia and other U.S. companies to certain countries, Bloomberg reports, citing people familiar with the matter.

The new approach would cap export licenses for certain countries in the interests of national security, according to people who spoke on condition of anonymity to discuss private discussions. The focus of U.S. officials is on the Gulf states, which have a growing appetite for AI data centers and have the resources to finance them.

Nvidia, whose shares hit a new record high yesterday, also declined to comment on the reports.

The Biden administration has already restricted shipments of AI chips from companies like Nvidia and AMD to more than 40 countries in the Middle East, Africa and Asia over concerns that their products could be diverted to China.

Oil prices fell nearly 4% in Asian trading on Tuesday after media reports that Israel was prepared not to strike Iranian oil facilities eased concerns about supply disruptions, Reuters reports.

Brent crude futures fell to $74.53 a barrel as of 08:40 Moscow time, while U.S. WTI contracts fell 3.75% to $71.07 a barrel.

Both benchmarks fell about 2% on Monday, erasing the combined gains made in the seven sessions through Friday, when investors were concerned about supply risks as Israel planned to retaliate against a missile attack from Iran.

Israeli Prime Minister Benjamin Netanyahu told the United States that Israel is prepared to strike Iranian military targets, not nuclear or oil ones, the Washington Post reported Monday.

Red packet

https://s.binance.com/bBclOz9p

Altcoins follow BTC gains

The world's second-largest cryptocurrency, Ether, rose 2.2% to $2,596.08.

XRP and ADA rose 1-2%, while MATIC was unchanged.

Among meme tokens, DOGE gained 3.4%.

But despite the recent gains, most crypto tokens have suffered losses over the past two weeks amid a lack of any major positive signals for the industry.

Red packet

https://s.binance.com/bBclOz9p

Binance Labs invested in Sophon, an ecosystem of entertainment applications in gaming, social media, AI, prediction markets and more. With a grand vision to transform the way users live, play, create and communicate in the Internet economy, Sophon focuses on creating a seamless customer experience.

Sophon can achieve all this with unique ZK Stack applications, such as own account abstraction, which is designed to provide gas commission-free operation. The zkSync codebase is the most field-proven zkEVM, consistently demonstrating best-in-class throughput and cost across the entire Ethereum L2 stack in various public benchmarks. This is critical to creating a highly scalable and stable environment for the next generation of consumer-facing applications.

Red packet
https://s.binance.com/bBclOz9p