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Russia to Lift Bitcoin Mining Ban on November 1
Russia is set to lift its Bitcoin mining ban on November 1, 2024, but this comes with new regulatory requirements. All Bitcoin miners will need to register with Russia’s Federal Tax Registry and provide details of their equipment models and wallet addresses for government monitoring. This ban, initially imposed in early 2022, primarily targeted large-scale Bitcoin mining operations in Russia, particularly in areas with low electricity costs. The ban aimed to prevent excessive energy consumption
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⚡️ Thank you, Satoshi, for changing my life — today marks the 16th anniversary of the #Bitcoin white paper release!
⚡️ Thank you, Satoshi, for changing my life — today marks the 16th anniversary of the #Bitcoin white paper release!
The initial trading price of Bitcoin was $0.0008, which has now appreciated more than 90 million times.
Although Satoshi Nakamoto vanished after 2011, the white paper covers the worldview of Bitcoin that Satoshi most wanted to convey —
Bitcoin is the first time in human history that private property has become inviolable through technological means, and time will ultimately prove the greatness of Bitcoin.
The most widely circulated Chinese translation of the white paper comes from Mr. Wu Jihan, and it is recommended that everyone read it once again, as I believe it will yield further insights. Thank you again for #BTC changing my life!
The initial trading price of Bitcoin was $0.0008, which has now appreciated more than 90 million times.
Although Satoshi Nakamoto vanished after 2011, the white paper covers the worldview of Bitcoin that Satoshi most wanted to convey —
Bitcoin is the first time in human history that private property has become inviolable through technological means, and time will ultimately prove the greatness of Bitcoin.
The most widely circulated Chinese translation of the white paper comes from Mr. Wu Jihan, and it is recommended that everyone read it once again, as I believe it will yield further insights. Thank you again for #BTC changing my life!
Truth Terminal Founder’s X Account Hacked, Fake Token Market Cap Reaches $25 Million
A day ago, Truth Terminal founder Andy Ayrey posted on social media, hinting at upcoming actions. What drew attention was that the post seemed to suggest a new token launch, which Andy Ayrey himself later confirmed.
However, it was all part of a hacker’s plot. Andy Ayrey’s account later shared a message claiming to have launched a project called $IB, along with the token’s contract address.
According to the contract details, the token’s market cap surged to $25 million at its peak, and the hack
However, it was all part of a hacker’s plot. Andy Ayrey’s account later shared a message claiming to have launched a project called $IB, along with the token’s contract address.
According to the contract details, the token’s market cap surged to $25 million at its peak, and the hack
This Week's Noteworthy Events(Oct 28, 2024-Nov 3, 2024)
Token Unlocking
SingularityNET (AGIX) will unlock approximately 8.07 million tokens at 00:00 UTC on October 28, with a proportion of 2.11% of the current circulating supply, valued at approximately $4.3 million.Velo (VELO) is scheduled to unlock approximately 182 million tokens at 00:00 UTC on October 29, with a proportion of 2.47% of the current circulating supply, valued at approximately $2.3 million.Celestia (TIA) is set to unlock approximately 175.6 million tokens at 14:00 UTC on October 30
SingularityNET (AGIX) will unlock approximately 8.07 million tokens at 00:00 UTC on October 28, with a proportion of 2.11% of the current circulating supply, valued at approximately $4.3 million.Velo (VELO) is scheduled to unlock approximately 182 million tokens at 00:00 UTC on October 29, with a proportion of 2.47% of the current circulating supply, valued at approximately $2.3 million.Celestia (TIA) is set to unlock approximately 175.6 million tokens at 14:00 UTC on October 30
Vietnamese Government Releases National Blockchain Strategy, Aims to Establish 20 Leading Brands
The Vietnamese government has officially released the “National Strategy for Blockchain Technology Application and Development by 2025” and the “2030 Vision (National Blockchain Strategy),” defining blockchain as one of the major technological trends of the Fourth Industrial Revolution. The strategy was signed and issued by Deputy Prime Minister Vu Duc Dam.
Strategic Vision
According to the 2030 strategy and vision, Vietnam aims to become a leading country in the region and establish an interna
Strategic Vision
According to the 2030 strategy and vision, Vietnam aims to become a leading country in the region and establish an interna
Scroll Airdrop Faces Scrutiny, Airdrops Enter the “Dark Forest” Era
Yesterday, the highly anticipated Layer2 project Scroll successfully launched on Binance. According to Rootdata’s heat index, the project’s popularity has been steadily increasing since its launch. However, the feedback on the project has not been entirely positive. Since its debut, the price of $SCR has dropped by 22%.
WikiBit has compiled the following key reasons behind this situation:
1️⃣ Dissatisfaction among Scroll users regarding the token distribution ratio.
2️⃣ The airdrop allocation r
WikiBit has compiled the following key reasons behind this situation:
1️⃣ Dissatisfaction among Scroll users regarding the token distribution ratio.
2️⃣ The airdrop allocation r
Stripe’s Historic $1.1B Acquisition of Bridge: The Largest Deal in Crypto Industry
According to TechCrunch founder Michael Arrington, Stripe has finalized negotiations to acquire the stablecoin platform Bridge for $1.1 billion, after initially being discussed for $1 billion.
Bridge first announced its investment from 1confirmation in 2022 and, in August 2024, raised $58 million at a $200 million valuation from Haun Ventures, Sequoia Capital, Ribbit Capital, and Index Ventures.
This acquisition marks the largest known deal in the crypto industry to date, surpassing Galaxy Dig
Bridge first announced its investment from 1confirmation in 2022 and, in August 2024, raised $58 million at a $200 million valuation from Haun Ventures, Sequoia Capital, Ribbit Capital, and Index Ventures.
This acquisition marks the largest known deal in the crypto industry to date, surpassing Galaxy Dig
This Week's Noteworthy Events(Oct 21, 2024–Oct 27, 2024)
Token Unlocks
• Cardano (ADA) will unlock approximately 18.53 million tokens on October 22 at 00:00 UTC, representing 0.05% of the circulating supply, with a value of around $6.5 million.
• Galxe (GAL) will unlock approximately 587,000 tokens on October 22 at 00:00 UTC, representing 0.46% of the circulating supply, valued at around $1.2 million.
• Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens on October 22 at 19:00 UTC, representing 0.69% of the circulating supply, valued at
• Cardano (ADA) will unlock approximately 18.53 million tokens on October 22 at 00:00 UTC, representing 0.05% of the circulating supply, with a value of around $6.5 million.
• Galxe (GAL) will unlock approximately 587,000 tokens on October 22 at 00:00 UTC, representing 0.46% of the circulating supply, valued at around $1.2 million.
• Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens on October 22 at 19:00 UTC, representing 0.69% of the circulating supply, valued at
⚠️RUG PULL ALERT!
The project IBX ($ARTIC), which raised over 160,000 Solana (valued at more than $24 million), has conducted a rug pull and is currently laundering and transferring assets. According to WikiBit’s investigation, the project is closely connected to Orderly Network. Orderly Network gained attention after receiving more than $25 million in funding from several prominent institutions.
During IBX’s public token sale, Orderly Network utilized its influence to help facilitate this process for IBX.
#rugpullalert #orderlynetwork #IBX
The project IBX ($ARTIC), which raised over 160,000 Solana (valued at more than $24 million), has conducted a rug pull and is currently laundering and transferring assets. According to WikiBit’s investigation, the project is closely connected to Orderly Network. Orderly Network gained attention after receiving more than $25 million in funding from several prominent institutions.
During IBX’s public token sale, Orderly Network utilized its influence to help facilitate this process for IBX.
#rugpullalert #orderlynetwork #IBX
WikiBit Industry Insghts
Hot Topicsrump family project WLFI launchesRadiant Capital hacked, resulting in losses exceeding $50 millionBTC runes gain attention once again"MEME" driving force Gotbit CEO arrested in Portugal
Over the past week, BTC spot ETF saw a net inflow of $1.39 billion, while ETH spot ETF saw a net inflow of $24.22 million. BTC price rose by 12.2% in the past week, and ETH price increased by 9.9%. The ETH/BTC exchange rate stands at approximately 0.388, remaining low. BTC's market dominance reached 57
Over the past week, BTC spot ETF saw a net inflow of $1.39 billion, while ETH spot ETF saw a net inflow of $24.22 million. BTC price rose by 12.2% in the past week, and ETH price increased by 9.9%. The ETH/BTC exchange rate stands at approximately 0.388, remaining low. BTC's market dominance reached 57
Gotbit CEO Arrested: Unveiling the Force Behind the “MEME Season”
According to previous reports, on October 9, the U.S. Securities and Exchange Commission (SEC), the FBI, and the Department of Justice (DOJ) jointly filed lawsuits against four crypto companies, including Gotbit Consulting, ZM Quant Investment, and CLS Global, accusing them of self-trading market manipulation and multiple crimes related to cryptocurrencies such as Saitama, Robo Inu, and NexFundAI. A total of nine individuals were charged, with some defendants agreeing to separate settlements.
Fo
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The Trump Family Crypto Project WLFI Officially Launched
World Liberty Financial (WLFI) is a DeFi project initiated by Donald Trump Jr. and Eric Trump. It brings together top talents from the cryptocurrency, DeFi, finance, and technology fields, such as Steve Witkoff and Corey Caplan. The platform aims to challenge the traditional banking system by providing modern decentralized financial solutions, addressing the lack of innovation, transparency, and inclusiveness in the current financial industry. WLFI is also closely tied to Donald Trump’s 2024 pre
The price of $REEF has suddenly plummeted by over 50%, with the exact cause currently unknown.
This Week's Noteworthy Events(Oct 13, 2024–Oct 20, 2024)
Token Unlocks
Axie Infinity ($AXS ) will unlock approximately 9.25 million tokens on October 14 at 13:10 UTC, accounting for 6.08% of its circulating supply, valued at around $43.1 million.
Taiko ($TAIKO) will unlock around 12 million tokens on October 14 at 00:00 UTC, making up 14.99% of the circulating supply, with a value of approximately $18.7 million.
CYBER ($CYBER ) will unlock approximately 890,000 tokens on October 14 at 08:00 UTC, representing 3.81% of the circulating supply, valued at
Axie Infinity ($AXS ) will unlock approximately 9.25 million tokens on October 14 at 13:10 UTC, accounting for 6.08% of its circulating supply, valued at around $43.1 million.
Taiko ($TAIKO) will unlock around 12 million tokens on October 14 at 00:00 UTC, making up 14.99% of the circulating supply, with a value of approximately $18.7 million.
CYBER ($CYBER ) will unlock approximately 890,000 tokens on October 14 at 08:00 UTC, representing 3.81% of the circulating supply, valued at
WikiBit Industry Insight: SUI and APTOS TVL Reach New Highs
Market Observations
Decline in Primary Market Financing
The primary market remains pessimistic. According to RootData, in Q3 2024, Web3 primary market funding activities declined. There were 321 financing rounds, down 25.7% from the previous quarter, with total funding amounting to $2.406 billion, a 15% decrease from the prior quarter. Venture capital transaction activity (measured by monthly deal count) fell to the lowest in four years.
Security Incidents
The blockchain sector continues to fac
Decline in Primary Market Financing
The primary market remains pessimistic. According to RootData, in Q3 2024, Web3 primary market funding activities declined. There were 321 financing rounds, down 25.7% from the previous quarter, with total funding amounting to $2.406 billion, a 15% decrease from the prior quarter. Venture capital transaction activity (measured by monthly deal count) fell to the lowest in four years.
Security Incidents
The blockchain sector continues to fac
Certik Releases Q3 Security Report for the Web3 Industry
The blockchain industry continued to face significant security challenges in the third quarter of 2024. According to Certik’s Q3 Security Report, there were 155 security incidents during this period, resulting in total losses of $753.09 million. Compared to Q2 2024, although the number of incidents decreased by 27, the amount of losses increased by 9.5%. These figures indicate that while the frequency of security incidents has decreased, the average loss per incident has risen, reflecting the in
Q3 2024 Crypto Industry Funding Overview
Overall Situation
According to data from RootData, Q3 2024 showed a downward trend in Web3 primary market funding activities. The quarter saw 321 funding rounds, a decrease of 25.7% from the previous quarter, with a total funding amount of $2.406 billion, down 15.0% compared to the last quarter.
The infrastructure sector continued to lead, with total funding of $745 million, accounting for 30.9%. Notably, the “Others” category (excluding infrastructure, DeFi, NFT, gaming, CeFi, DAO, social, and
According to data from RootData, Q3 2024 showed a downward trend in Web3 primary market funding activities. The quarter saw 321 funding rounds, a decrease of 25.7% from the previous quarter, with a total funding amount of $2.406 billion, down 15.0% compared to the last quarter.
The infrastructure sector continued to lead, with total funding of $745 million, accounting for 30.9%. Notably, the “Others” category (excluding infrastructure, DeFi, NFT, gaming, CeFi, DAO, social, and
FTX Reorganization Plan Approved, Creditors May Receive Compensation Before Year-End
On October 7, 2024, FTX Trading Ltd. (operating as FTX.com) and its affiliate debtors announced that the U.S. Bankruptcy Court for the District of Delaware confirmed their reorganization plan, less than two years after their historic bankruptcy filing.
Asset Value
In filings on May 8, FTX reported that since filing for bankruptcy, they have recovered and liquidated assets valued between $14.5 billion and $16.3 billion. Under the reorganization plan, approximately 98% of creditors will receive ar
Asset Value
In filings on May 8, FTX reported that since filing for bankruptcy, they have recovered and liquidated assets valued between $14.5 billion and $16.3 billion. Under the reorganization plan, approximately 98% of creditors will receive ar
According to the latest Immunefi Crypto Losses Report, hackers stole $409 million worth of cryptocurrency in Q3, with an additional $3 million lost due to fraud. The $409 million stolen represents a 40% decrease compared to the same period last year.
Most of the losses this quarter came from hacks on crypto exchanges, with India’s #wazirX losing $235 million and Singapore’s #BingX losing $52 million.
#cryptolossesreport
Most of the losses this quarter came from hacks on crypto exchanges, with India’s #wazirX losing $235 million and Singapore’s #BingX losing $52 million.
#cryptolossesreport
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