🚀 **Breaking News: ParallelAI & io.net Join Forces to Revolutionize AI Processing!** 🚀
- **Strategic Alliance**: ParallelAI and io.net, leaders in AI and decentralized GPU computing, have partnered to supercharge AI development.
- **Enhanced Power**: With A100 GPUs from IO Cloud, ParallelAI boosts its processing power, meeting the demands of massive AI projects.
- **Cost Efficiency**: IO Cloud offers up to 90% cost savings, making it a game-changer for developers.
- **Innovation Boost**: Joint R&D efforts promise groundbreaking advancements in GPU cloud computing.
What do you think about this partnership? Share your thoughts below! 💬
**Radiant Capital Suffers $50M Hack Due to Malware Attack**
Radiant Capital, a DeFi platform, revealed a detailed post-mortem of the October 16 hack that led to the theft of over $50 million in digital assets from BNB Chain and Arbitrum networks. The attackers compromised the devices of three long-standing developers using sophisticated malware. This malware tricked the Safe{Wallet} interface into displaying legitimate transaction data while malicious transactions were executed in the background.
The breach occurred during a routine multisignature emissions adjustment, a process requiring multiple signatures to authorize a transaction. The compromised devices intercepted these approvals and replaced them with malicious ones, which were then signed and executed. This attack was hard to detect as the signed transactions appeared legitimate in the user interface.
Radiant Capital has advised all users to revoke approvals on all chains to prevent further incidents. This hack is part of a larger trend, with access control exploits accounting for $316 million in lost funds in Q3, nearly 70% of all crypto funds stolen during that period.
$DOGE
{spot}(DOGEUSDT)
/USDT Technical Analysis:
DOGE is currently trading at $0.13948, showing steady upward movement with a 1.31% increase over the past 24 hours. The current trend points to continued bullish momentum, with three critical targets to watch:
🎯 Target 1 - $0.14500: This is the nearest resistance level. If DOGE breaks through this, we could see stronger upward movement. Traders should look for confirmation of a breakout before entering.
🎯 Target 2 - $0.15000: A psychological barrier and potential pivot point. Reaching this level could signal a more sustained rally, attracting further buying interest.
🎯 Target 3 - $0.16000: The next major resistance level. A breakthrough here would likely indicate a stronger bullish trend, possibly leading to longer-term gains.
Watch for key support levels at $0.13500 and $0.13000 to gauge any potential pullbacks. Stay tuned for more updates as DOGE continues its dynamic performance on Binance!#Write2Earn!
⚡️Crypto News Digest: Key Updates You Need to Know
The current report features updates of Lumia, EigenLayer, Scroll, Worldcoin, Initia, Bitget Wallet, Hatom, Robinhood, pSTAKE, Kraken, BNB Beacon Chain, and RWA Inc.
$LUMIA $ORN $EIGEN $SCR $WLD $BWB $HTM $BTC #Bitcoin #BTC $ETH #Ethereum #ETH $PSTAKE $BNB $RWA
For the second quarter running, the asset manager of Morgan Stanley, $1.3 trillion, reported exposure to US Bitcoin spot exchange-traded funds.
In a 13F-HR/A filing with the US Securities and Exchange Commission on Thursday, Morgan Stanley disclosed it holds $272 million worth of the Bitcoin investment vehicle as of the end of the third quarter. Notably, this was a mere 0.02% of the asset manager’s $1.3 trillion holdings.
Meanwhile, a chunk of the funds were invested in the BlackRock iShare Bitcoin Trust (IBIT). Morgan Stanley revealed it owns 5.5 million shares purchased in the second quarter. The shares’ value was $187.7 million at the time of purchase. However, it has surged to $209 million over the last quarter, accounting for a 10.2% increment.
Furthermore, Morgan Stanley disclosed that it held on to its investments in the Ark 21 Shares Bitcoin ETF (ARKB) but significantly reduced its exposure to the Grayscale Bitcoin Trust (GBTC). The filing revealed that it lowered its GBTC shares from $270 million to $148,000.
#Bitcoin #Crypto #CryptoNews” #CryptoNewssCommunity #CryptoNewsUSA
🚀 Bitcoin Bulls Charging Ahead! 🚀
Anthony Pompliano, our favorite Bitcoin cheerleader, predicts a bullish run for BTC thanks to global interest rate cuts and increased liquidity. The US Fed's recent 50 basis-point cut is just the beginning, he says.
- Lower rates + more liquidity = Bitcoin boom! 📈
- This trend will continue, no matter who wins the upcoming presidential election.
Pompliano notes that every president (except Bush during the 2008 crisis) has seen stock market gains. Why? "We devalue the dollar," he says.
Agree or disagree? Drop your thoughts in the comments! 💬
For more insights, watch the full interview on our channel and subscribe!
🚀 **Bitfinex Invests in Plasma to Boost Bitcoin Payments!** 🚀
- Bitfinex has invested in Plasma, a platform focused on payments, real-world assets, and DeFi infrastructure on Bitcoin.
- Announced on Oct. 18 via X, the investment aims to scale Tether (USDT) usage on Bitcoin.
- Plasma plans a zero-fee payment rail for USDT, allowing users to send dollar-denominated assets globally with no fees.
- The platform supports BTC gas fees, staking, and Ethereum virtual machine compatibility.
- Bitfinex CTO Paolo Ardoino emphasizes the importance of building on Bitcoin's secure network.
💬 What do you think about this move? Share your thoughts in the comments!