With Bitcoin still trying to surpass the $35,000 level, analysts have flagged Aave (AAVE), Solana (SOL), The Sandbox (SAND), AAVE stalling after surging 86% earlier this year, trading sideways for most of 2023. However, upward momentum only emerged in mid-September, pushing AAVE toward the $100 resistance level for the first time since August 2022. A breakout of this key barrier after months of consolidation suggests further upside may be on the way if bullish momentum continues. returned to previous highs by the end of the year, supported by its widely accepted status as a leading decentralized finance protocol. With core utility in crypto lending and liquidity pools, AAVE will benefit as DeFi adoption accelerates. Solana (SOL) also had a month October was strong, with prices surging nearly 80% to reach a high of $38.62 on October 31st. A potential factor driving the price was Solana's annual Breakpoint conference from October 30 to November 3, where several key announcements were made. These included the launch of the Firedancer testnet, collaboration with Google Cloud, and increased institutional interest reflected in a spike in Solana's TVL to $438 .28 million at the time of writing. Solana's positive development and strong price movement indicate promising growth prospects in the future. Lastly, The Sandbox's SAND token surged over the past week after revealing a Mastercard integration enabling SAND payments and the FallO'ween event. Although SAND lost more than 95% of its value after rallying in 2021, analysts remain optimistic thanks to The Sandbox's ongoing partnership.SAND broke above its 100-day exponential moving average recently, testing resistance at $0.36.With a unique metaverse offering, The Sandboxes may be a strong prospect if the ecosystem develops.In addition to the continued potential of AAVE, Solana, and The Sandbox.Given crypto's bullish momentum in Q4, analysts highlight AAVE, Solana, Sandbox, Minetrix, and Kombat as prospects to watch closely.We will analyze the technical and fundamental factors driving the top prospects this is to identify the best crypto to buy now.AAVE Targets $95: Can It Break Resistance?AAVE price has shown a striking bullish breakout, following a symmetrical triangle pattern formed from October 24 to October 31.The breakout was punctuated by an upward move of 9.48 % yesterday, putting AAVE on track towards its immediate resistance level.AAVE is currently trading at $92.61, representing an increase of 3.87% so far.While the recent upward move is encouraging for investors, a potential bearish RSI divergence has emerged, which indicating a possible trend reversal.The 20-day EMA for AAVE is at $78.54, well above the 50-day EMA ($71.24) and 100-day EMA ($67.82).In general, a crossover of the short-term EMA above the long-term EMA is considered as a bullish signal. However, the current bullish movement in AAVE prices has the potential to contrast with the RSI which fell slightly from yesterday's 75.90 to 71.93 today. This bearish divergence could signal an upcoming price correction. Meanwhile, the MACD histogram increased to 1.18 from yesterday's 0 .92.This increase, which usually indicates bullish sentiment, supports the upward trajectory of AAVE price.However, the strengthening of the bullish trend by MACD goes against the RSI's subtle warning of a potential price reversal.AAVE is currently facing a horizontal resistance zone ranging from $92.03 to $95.55.Overcoming resistance this could signal a continuation of the bullish trend.On the downside, the closest support can be found at the previous swing high level of $88.If this level fails to hold, AAVE can find strong support in the horizontal zone between $83.47 and $84.60.AAVE price has shown promising bullish behavior , but technical indicators hint at an uncertain future.The bullish breakout and rising MACD histogram contrast with a potential bearish RSI divergence, indicating that the market may be in an overbought condition. Investors should remain cautious and prepare for potential AAVE price volatility. The key for traders is the $95.55 resistance level. A sustained break above this point could confirm the continuation of the bullish trend. Conversely, a drop below the $88 support level might validate a bearish RSI divergence, potentially leading to a price correction. Therefore, traders should monitor this level carefully while considering their moves next on AAVE markets. Solana SOL Price Drop: Is It Time to Reassess Bullish Momentum SOL prices have been on a strong upward trajectory in recent weeks, surging more than 23% to reach a new year-to-date high of $46.90. However, after this impressive rally, the price appears to be starting to weaken today. SOL price is currently at $39.96, marking a 2.89% decline so far. From a technical perspective, SOL price is showing several important patterns. The 20-day EMA for SOL price is currently $31.62, well above the 50-day and 100-day EMAs at $26.85 and $24.35 respectively. This is usually a bullish pattern, but the recent price decline warns investors to interpret it wisely. Relative Strength Index (RSI ) SOL is currently at 79.13, down from yesterday's 84.58. Although the RSI is slightly lower today, it is still in overbought territory (above 70), indicating that SOL price may be experiencing short-term selling pressure. MACD histogram remains unchanged at 1. This indicates that the bullish sentiment is still there, but the momentum may slow down if the MACD line crosses below the signal line in the coming days. Looking at the key price levels, SOL price is facing a horizontal resistance zone between $46.58 and $48.44. However , with the price experiencing a deeper retracement today, the 0 Fib level.236 at $40.80 could possibly be the closest resistance level in the following days. On the support side, the immediate support is the 0.236 Fib level at $40.80, but with today's decline in SOL price, it seems that this level will not be able to hold. The next significant support level lies between $37.04 and $39.95. This zone meets the 0.382 Fib level of $37.02, making it a critical level to watch. Keeping the above in mind, investors and traders should monitor SOL price closely in the coming days. If SOL price can find strong support and bounce above the $40.80 level, this may attract further buying momentum. However, if the $37.02 support level does not hold, we could see a deeper correction in SOL price. As always, trading within the defined risk limits and waiting for clearer signals would be the wisest strategy in this scenario This.Sandbox Price Consolidates As Bulls and Bears ClashSandbox Price (SAND) set a new multi-month high today, hitting an intraday peak of $0.38 before trading back at $0.3602 at press time.Though still up 1.01 % today, SAND is facing immediate resistance just above the current price level. With SAND price unable to break the $0.3623 to $0.3698 resistance zone over the past four trading days, buyers are desperate for a convincing breakout to propel the coin to its next leg up. However, be careful -caution may be warranted until SAND can close firmly above this stubborn barrier. Looking at technical indicators, the short term is starting to strengthen versus the long term for SAND. The 20 day EMA is currently at $0.3282 while the 50 day EMA is slightly lower at $0.3194.With the faster moving average crossing above the slower moving average, this signals increasing momentum in the near term.At the same time, the RSI for SAND edged up to 69.83 from yesterday's reading of 68.72.Although not yet in overbought territory above 70, the steady rise suggests that upward price momentum may be underway despite the headwinds. The MACD histogram tells a similar story, printing at 0.0049 compared to 0.0051 yesterday. Although the indicator is slightly down, positive values ​​reflect increasing bullish momentum.With SAND struggling to reach its strongest overhead resistance, buyers may need strong buying volume to absorb selling pressure and push SAND prices to new highs.On the downside, initial support emerges nearby The 100-day EMA is $0.3421. Further support lies between $0.3357 and $0.3404, where SAND found buyers on several recent pullbacks. Although technicals currently favor upside, traders may want to wait for a convincing break above $0.3698 before entering fresh buy positions .Otherwise, a move below the 100-day EMA could signal waning momentum and potential future SAND price consolidation.It is recommended to patiently wait for a catalyst or definitive chart signal at this time.With AAVE, Solana, and Sandbox trading approaching key levels, analysts are also advises to be wary of breakthroughs from low-profile cryptocurrencies. Note: This is not financial advice. Purchase or sell specific coins. Please do your own research and analysis to buy the coins you want.

Amir Elmaani, the 31-year-old founder of Oyster Protocol, was sentenced to a maximum of four years in prison for tax evasion. In an announcement Tuesday, the United States Attorney's Office said that Elmaani, also known by the pseudonym “Bruno Block,” received the sentence after pleading guilty in April 6.As part of his guilty plea, he admitted to creating and selling Pearl tokens without paying taxes on the huge profits made from the project.Elmaani admitted to causing tax losses exceeding $5.5 million.“Amir Elmaani violated his obligation to pay taxes on profits of millions dollar cryptocurrency, and he also violated investors' trust in the cryptocurrency he founded,” District Attorney Damian Williams said in a comment. “Participants in the cryptocurrency market must act within the rules, and this Office will be relentless in prosecuting those who don't.”Elmaani's fraudulent activities began in September and October 2017 when he actively promoted a cryptocurrency called Pearl (PRL).The digital asset was marketed as a means for investors to obtain data on the Oyster Protocol, a blockchain-based data storage platform .Elmaani Used a Smart Contract to Mint New PRL Tokens Before Dumping ThemIn October 2018, Elmaani secretly minted a large number of new PRL tokens and then dumped them on the market.“On or about October 29, 2018, I used a smart contract to mint new PRL , without notifying anyone, including other people working on the Oyster Protocol project,” he said in his defense statement. “I then sold these new PRLs on a digital trading platform.”He further admitted that the parties who purchased the newly minted PRL tokens this was likely unaware of the increase in total supply.Despite making huge profits from this exit scheme, Elmaani filed a tax return in 2017 claiming income of $15.000 from the patent design business.Furthermore, he reported zero income to the tax authorities in 2018.However, investigations revealed that in 2018, Elmaani spent more than $10 million on several yachts, $1.6 million on a carbon fiber composite company, a number of large amounts of money in home improvement stores, and more than $700,000 for the acquisition of two homes.One property was purchased through a shell company, while the other property was registered in the names of two of Elmaani's associates.Prosecutors also found that Elmaani was extensively involved in trading precious metals and stored gold bullion in safe on one of his yachts.Prosecutors further revealed that Elmaani employed friends and family as recruits to receive cryptocurrency proceeds and transfer them or convert them into US currency, avoiding proper reporting and taxation.In addition to the four-year prison sentence, Elmaani was also sentenced to one year of supervised release and ordered to pay $5.5 million in restitution.

The rest of the team is saying goodbye to Avalanche-based social finance platform Stars Arena. And the situation is getting heated, with criticism and accusations filling the comments section.According to a tweet posted on Monday evening (UTC time), “as of today, KookCapitalLLC has been relieved of his duties as a member of the Stars Arena team.”Yesterday, Kook tweeted that “it is with a heavy heart that I must announce my retirement from” Stars Arena, and that despite his goal to support founder hannesxda, aka ‘theBuilder,’ “I have had serious issues with management and direction for some time. .”

Spain Moves to Adopt MiCA Six Months Before Deadline, Citing Investor Protection: Here's MoreSpain has announced plans to reduce the transition period before implementation of Crypto Asset Markets (MiCA) regulations.Recent publications from the government show a meeting with first vice president Nadia Calvino and Verena Ross, President of the European Securities and Markets Authority (ESMA) to update the country's regulatory framework, exceeding the six-month deadline. July 2026 is the deadline for all 27 member states to implement the law's regulations. The law was hailed as the first significant attempt to expand market regulations giving member states a 36-month transition period to bring all local market sectors into compliance with the regulatory law. Spain's rapid efforts in implementing local regulations will make the law came into force in December 2025, 18 months earlier than the deadline as the Ministry of Economy mentioned the need to protect investors and users of crypto assets. “This will provide greater legal certainty and protection for Spanish investors in this type of assets.” The law will impact international digital asset companies such as Coinbase, Kraken, and Binance that have obtained licenses to operate locally. The implementation of this measure refers to the fact that all stakeholders must accelerate compliance before December 2025. It is worth noting that the exchanges mentioned above have stated that they will comply with the regulations in all jurisdictions.Nations become MiCA complaintsSince the signing of MiCA by the European Union (EU), several countries have attempted to comply with the regulations before the specified deadline.The European Securities and Markets Authority (ESMA) also asked member countries to speed up the implementation of the law in their respective countries.Similar steps have also been taken for stakeholders such as digital asset exchanges and stablecoin issuers to begin preparations ahead of the final in order to remain cautious and avoid legal repercussions.Investor protection is ever-present in global crypto circles following the major market crash in 2022 (Terra Network and FTX ) resulting in billions of dollars being wiped from the market.As Spain's MiCA prepares for the Digital EuroBanco de España, Spain's central bank has informed its citizens about the potential benefits of a digital Euro, the European Union's Central Bank Digital Currency (CBDC).In a document dated October 19, the bank it highlighted the nature of the currency and added that it will connect users with a seamless mix of digital transactions and cross-border settlements. While many European countries maintain a positive approach towards CBDCs, privacy departments have flagged potential data breaches by Central Banks and licensed private companies they.

Digital asset investment funds recorded a record net outflow of $326 million (Approximately Rp. 5.1 Trillion) last week, marking the largest single-week inflow since July 2022. According to the latest report from CoinShares, the surge in investor interest can be attributed to the increasing optimism surrounding potential approval of a spot-based Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC). “Monthly inflows are now approaching half a billion dollars,” the report said, noting that this shows increasing investor confidence. weekly influx is undoubtedly positive for Bitcoin, it is worth noting that Bitcoin is only ranked the 21st largest in history, indicating that investors are still cautious.However, industry experts believe that the approval of a spot-based Bitcoin ETF in the coming months is very likely. The approval would represent a significant regulatory milestone for the industry and could potentially encourage further investment. Regionally, the United States accounted for only 12% of the $38 million (Approx. Rp. 600 Billion), as investors eagerly await the potential launch of a spot-based ETF. The main contributors to inflows were Canada, Germany and Switzerland, with inflows of $134 million (Approx. IDR 2.1 Trillion), $82 million (Approx. IDR) respectively. 1.3 Trillion), and $50 million (Approx. IDR 794 Billion). Interestingly, Asia also experienced a surge in weekly inflows, reaching $28 million (Approx. IDR 444 Billion). With total assets under management now reaching $37.8 million (Around Rp. 587 Billion), the highest since May 2022, the digital asset market experienced substantial growth.Bitcoin Dominates Weekly InflowsBitcoin dominated inflows, capturing 90% of the total $296 million.However, the recent price surge also drove inflows of $15 million (Approx. IDR 238 Billion) into a short-term Bitcoin investment product, reflecting a hedging strategy used by some investors.Apart from Bitcoin, Solana experienced significant inflows of $24 million (Approx. IDR 381 Billion). Although several other altcoins also experienced inflows, this wave of optimism did not extend to Ethereum, which experienced an outflow of $6 million (Approx. IDR 95 Billion). ).Anticipation of spot ETF approval has led to a surge in Bitcoin prices in recent weeks.The cryptocurrency rallied toward $35,000 earlier this month, driven by market speculation surrounding a potential spot ETF approval.The price spike not only caught investors' attention but also sparked renewed interest in crypto trading, leading to a significant increase in daily exchange volume. As reported, the seven-day moving average for spot exchange volume across leading platforms broke through an impressive $24 billion mark on October 26, a level not seen since late March.

Ripple Labs is working on a pilot program with Hong Kong's Fubon Bank to offer property equity access to residents. The XRP cryptocurrency developer revealed that the collaboration is part of the e-HKD pilot project. Ripple and Fubon Bank were selected to demonstrate the tokenized asset settlement use case, he added. This is a very proud moment for the Ripple#CBDCteam & our partners. We have worked together on a proof of concept of a hypothetical e-HKD Pilot Program for the#HKMAto help realize home equity. 👇 https://t. co/xvp6o1asBp— Mary C. Hall (@SystemsandTech) October 31, 2023Under the proposed solution, the partners use “state-of-the-art technology” to offer Home Equity Line of Credit (HELOC) to citizens. The collective goal of the venture is to address the growing demand for tokenized real estate equity. The HELOC pilot project also saw participation from five major players, including Hex Trust, Stratford Finance, KodeLab, BCW, and TOKO.e-HKD for Asset SettlementE- HKD is Hong Kong's central bank digital currency (CBDC), which was launched in May. The regulator – the Hong Kong Monetary Authority (HKMA) – highlighted that e-HKD has the potential to complete payments faster and more cost-effectively. “The hypothetical integration of e-HKD into a HELOC facility could potentially offer many advantages,” the company said. For example, users benefit from a simplified online platform, receiving faster loan approvals and around-the-clock access to property equity. The solution also increases efficiency with end-to-end cryptography on the operational side, enabling real-time reporting and eliminating manual processes. “Potential developments include full tokenization of property title deeds, expanding the pilot to broader lending markets, and exploring international implementation.”Key FindingsThe e-HKD pilot program notes that customers will receive simulated access to the HELOC function via the bank's app. “Once accepted, an e-HKD wallet is automatically created and a tokenized version of the property is allocated to customers.”The trial also offers flexible fund withdrawals, allowing customers to gain 24/7 control over e-HKD funds.Ripple Labs added that they will expand the HELOC trial use cases based on the findings. “Potential developments include full tokenization of property title deeds, expanding the trial to broader lending markets, and exploring international implementation.”

One of the main causes of loss of crypto assets is the downloading of fake wallet applications from search engines.Fraudsters leverage search engine optimization (SEO) and search engine marketing (SEM) techniques to promote phishing links leading to fake wallet applications with malicious backdoors, Bitrace said in a recent post.These fake apps closely resemble genuine apps in terms of appearance and user experience, making it easy for unsuspecting users to fall victim.

The UK has released proposals for a stablecoin framework along with broader industry regulations in a bid to position the country as an investment destination and to protect users.In an October 30 release, the Treasury Department published a set of guidelines to regulate ‘fiat-backed stablecoins’ amid calls for global regulation following broader scrutiny of the market.Recently, there have been calls made for the UK to issue an official statement regarding the use of stablecoins and incorporate these assets into the financial system to encourage cross-border payments.

Thailand's second largest bank, Kasikorn Bank, widely known as K-Bank, has acquired a 97% stake in the parent company of the established Satang crypto exchange.This strategic acquisition comes as K-Bank intensifies its efforts in the cryptocurrency sector, aiming to offer a comprehensive suite of crypto services that comply with Thailand's regulatory framework.K-Bank Acquires Majority Stake for $102 MillionThe deal, worth 3.705 billion Thai baht (around IDR 1.6 Trillion), was implemented through a newly established K-Bank subsidiary known as Unita Capital, Thailand Posts reported.

The group overseeing cold wallets tied to bankrupt crypto exchange FTX has sent more than $19 million worth of crypto to various exchanges, according to blockchain data.On-chain analytics firm Peckshield reported that around 470,000 SOL tokens, worth around $15.5 million, were moved to different wallets, with some of these funds going to wallets belonging to “CEXs like Binance.”Additionally, an Ethereum (ETH) wallet that the blockchain explorer also labeled as belonging to FTX also made a transfer, involving $2.5 million worth of Ethereum-based ERC-20 tokens, which were sent to a Binance deposit address.

Kraken will provide user data to the IRS after a legal battle over crypto tax reporting. Image by Michael O'Keene, Adobe Stock. Major US cryptocurrency exchange Kraken will provide limited user information to the Internal Revenue Service (IRS) next month following a court order received in June. The data concerns certain Kraken users who made transactions of more than $20,000 between 2016 and 2020.IRS Gets Limited Access to Kraken User Data

Crypto exchange Gemini has initiated a lawsuit against digital asset lender Genesis in a bid to gain control of its $1.6 billion Grayscale Bitcoin Trust stake.The lawsuit, filed Friday in U.S. Bankruptcy Court for the Southern District of New York, aims to recover shares to repay Gemini's Earn program clients.Gemini and Genesis have been embroiled in a dispute since last year when Genesis served as the primary lending partner for Gemini's Earn product.

FTX founder Sam Bankman-Fried began his testimony in his fraud trial on Thursday, defending himself against charges of intentionally defrauding his exchange's customers.Before taking the stand, SkyBridge Capital founder Anthony Scaramucci said that the former crypto mogul's chances against government prosecutors were very bleak.“He will be skinned alive;” Scaramucci said in an interview with CNBC, Thursday. “There is no way to escape. He thought he was going to outwit the prosecutors, but they are very experienced at this.”

Binance CEO and co-founder Changpeng Zhao has taken a personal hit from the market with his net worth dropping due to low trading volume.The Bloomberg Billionaires Index index released on Oct. 26 showed Zhao's net worth reduced by $11.9 billion, a big drop from his $96.9 billion portfolio at the start of last year.Previously ranked 11th on the world's richest list, the crypto boss now sits in 95th position with a net worth of $17.3 billion.

Taiwan Advances Crypto Regulation as Draft Law Passes First Reading in ParliamentTaiwan's parliament, the Legislative Yuan, has passed the first reading of a proposed crypto law that will regulate the crypto asset industry.Taiwan has taken a significant step in regulating the crypto sector by proposing a law special cryptocurrency, which has been passed for the first time in the Legislative Yuan (Taiwan's parliament). This proposed law, co-authored by Yung-Chang Chiang and 16 other lawmakers, would require all cryptocurrency platforms operating in Taiwan to obtain permits. Failure to comply could result in a regulatory order for them to cease operations. Although Taiwan's Financial Supervisory Commission (FSC) has previously released guidelines for the crypto sector to establish self-supervisory rules, these measures lack legal enforcement. The goal is to establish a regulatory framework that provides oversight and legal enforcement for crypto businesses, emphasizing the need for legislation. The law is to ensure proper regulation of the cryptocurrency sector. This follows when Yung-Chang Chiang, a member of Taiwan's Legislative Yuan, expressed his intention earlier this month to have the first draft of this law ready for review by parliament by the end of November 2023 or even faster.The new special law will empower regulatory authorities to impose administrative sanctions on operators who violate these self-regulatory regulations. This law aims to address the need for law enforcement in this sector, as previously existing self-regulatory guidelines did not have such force. Yung-Chang Chiang, a member of the Legislative Yuan who co-proposed the special measure, said, “We hope The Financial Oversight Commission could also submit their version of the bill to the legislature, allowing various sectors of society to further consolidate consensus during the process.”*Taiwan Proposes Crypto Law to Address Overseas Market Concerns and Increase Regulation*Taiwan's proposed crypto law comes in response to concerns over activity in overseas crypto markets and aims to prevent “regulatory arbitrage.” Lawmakers believe that crypto assets are different from traditional financial products and require special regulations.In addition to the proposed law, on September 26, the Taiwan Financial Supervisory Commission introduced guidelines to enhance investor protection in the field of cryptocurrencies.The guidelines cover various aspects of the industry , including separating exchange assets from customer assets, reviewing the listing and delisting of digital assets, and requiring foreign virtual asset service providers to obtain necessary approvals from local regulatory authorities.On the same day, major cryptocurrency exchanges operating in Taiwan also established an association to advance industrial interests. However, it is not yet known exactly when the second reading of the bill will take place. However, that may not happen until January 2024, as the terms of office of all current lawmakers in Taiwan will end next January. Currently, Taiwan requires virtual asset service providers to comply with anti-money laundering laws, but most of the crypto industry still not set.

Crypto recovery company Unciphered has extended an offer to former Ripple chief technology officer (CTO) Stefan Thomas to unlock a hard drive containing more than 7,000 Bitcoins ( BTC) that he has not been able to access for years. In an open letter Wednesday, Unciphered proposed to unlocked Thomas' IronKey hard drive, which held 7,002 BTC, equivalent to approximately $244 million at the time of writing.Thomas, a German-born programmer, forgot the password required to access the drive, which was designed to erase his data after ten false attempts.When now, he only has two attempts left. Unciphered claims to have developed a method to safely crack the hardware and retrieve BTC keys that have been stored on the drive for years. Wired, Unciphered managed to access data on a similar IronKey device after a staggering “200 trillion attempts,” apparently breaking the ten-attempt barrier. “While there are always caveats, this is not theoretical,” Unciphered said. The company expressed its willingness to showcase its capabilities on various sample to instill confidence before proceeding with Thomas' hard drive.CEO Eric Michaud of Unciphered revealed that the company gained access to the data on the IronKey mentioned in the Wired report by extracting certain information from the drive and using an offline server.This approach allowed the team to take some guesswork password.While Michaud refrained from disclosing what the company would ask for in return from Thomas, he stressed that Unciphered has built a sustainable business to help individuals recover their lost or inaccessible crypto assets.Nearly 20% of BTC Supply May Not AccessibleIn addition to Thomas, there are also many high-profile cases involving individuals struggling to recover or find their crypto keys.In 2021, a Reddit user claimed to have regained access to 127 BTC after more than a decade by finding the private key on an old computer. In 2013, British citizen James Howells accidentally threw away a hard drive containing around 7,500 BTC and has since it made several failed attempts to find and recover it from the landfill. In total, some estimates suggest that around 20% of Bitcoin's total supply is inaccessible, leaving the billion-dollar cryptocurrency remaining locked indefinitely.

According to a Tuesday release from the U.S. Securities and Exchange Commission (SEC), BlackRock Advisors LLC has agreed to a $2.5 million fine for failing to accurately describe investments in the entertainment industry.This development is of particular concern because it coincides with speculation surrounding BlackRock's spot Bitcoin ETF.What's Wrong with BlackRock?from 2015 to 2019, BlackRock's Multi-Sector Income Trust made a large investment in Aviron Group, a company that specializes in developing advertising plans for films. Despite the company's role in the trust's portfolio, BlackRock misrepresented Aviron as a “Diversified Financial Services” entity in several annual and semi-annual reports. Additionally, BlackRock claimed the interest rates paid by Aviron were higher than they actually were. The discrepancy was later identified and corrected by BlackRock in 2019.

The eye-scanning crypto project Worldcoin, co-founded by Sam Altman, announced on Sunday that the project's operators will receive rewards in the form of its native coin, WLD, instead of using its stable coin USDC. Worldcoin's operators operate a biometric scanning device called Orb, which developed by Tools for Humanity, will receive rewards in the form of WLD tokens as recognition of personal legitimacy. Previously, operator rewards were paid in USDC.The transition from USDC to WLD will be completed next month, and the service is not available to users in the United States.In a company update, Worldcoin noted that the project has seen a gradual increase in the supply of its native coin, from around 100 million to a little over 130 million, or about 1.34% of the total supply of 10 billion coins. The project aims to create a network of as many people as possible to verify human existence. "To achieve this, the majority of the WLD token supply will be awarded to new and existing users in the form of user grants over the next few years," the company wrote.WLD Supply IncreaseWorldcoin attributes this increase in WLD token supply to Orb users claiming around 34 million WLD as free user grants, since the launch of this native token in July. The circulating supply consists of 100 million WLD tokens in the form of loans granted to market makers, 34.3 million in claimed user grants, and tokens received by operators in return .This loan will expire on Tuesday, October 24, and according to Worldcoin, the agreement will be renewed until December 15 "for a lower loan amount, namely 75 million WLD in total."Last month, Sam Altman, who is also the CEO of OpenAI, the creator of ChatGPT, said that Worldcoin faces huge operational challenges. "The operational challenges are certainly enormous when you think about what it takes to produce these Orbs," Altman said in a discussion panel during the Token 2049 event in Singapore. He also emphasized that overcoming "biometric resistance" remains a challenge.