1. MicroStrategy achieves significant returns on its Bitcoin bets, with stock price increases surpassing Microsoft, demonstrating the success of its long-term betting strategy.
2. The U.S. government is making large-scale transfers of crypto assets, including the transfer of 1,572,860 aUSDC and 2,411 ETH, indicating active government actions in crypto asset management.
AICoin monitors that the U.S. government address transferred a total of 1,572,860 aUSDC to 0x0…243, valued at approximately $1.5729 million, with potential price declines. Data is for reference only. -Original
3. The U.S. government is suspected of beginning to return funds from hacked wallets, including 13.19 million aUSDC and 2,408 ETH, showing the government's emphasis on the security of crypto assets.
4. U.S. senators call for a leadership change at the SEC next year, criticizing current regulatory policies and emphasizing the need for a more supportive stance towards innovation.
U.S. Representative French Hill stated in an interview that regardless of which party controls the White House, the SEC should change its leadership next year. Hill claimed that Gary Gensler's actions at the SEC "create panic" and are unconstitutional, abusing the agency's regulatory power. He suggested that the SEC should adopt exemption relief measures for emerging industries like cryptocurrency and take a supportive stance towards innovation. Hill and other Republican lawmakers have criticized SEC Chairman Gary Gensler's actions in recent years, accusing him of failing to provide a clear regulatory framework for digital assets. -Original
5. JPMorgan analyzes that tokenized government bonds may challenge but will not completely replace stablecoins, indicating financial institutions' focus on tokenized assets.
JPMorgan analysts stated that the market for tokenized government bonds is growing, with tokenized U.S. government bonds being favored as yield alternatives to stablecoins and potentially challenging their dominance. However, analysts pointed out that regulatory restrictions and liquidity issues suggest that tokenized government bonds may only partially replace stablecoins. Analysts noted that major stablecoin issuers like Tether (USDT) and Circle (USDC) do not share reserve earnings with users, which not only reduces their income but also classifies stablecoins as securities. This classification would subject them to strict regulatory oversight, potentially limiting their use as collateral in the cryptocurrency market. -Original
6. The U.S. will offer a plea agreement to hackers suspected of breaching SEC accounts, emphasizing legal protections for cryptocurrency security.
U.S. federal prosecutors plan to offer a plea agreement to a man from Alabama accused of participating in the January hack of the SEC's X account and posting a false social media message about the approval of the first Bitcoin spot ETF. U.S. prosecutors told the judge at a hearing in Washington federal court on Friday, "We will propose a plea agreement, but we do not know if he will accept it." 25-year-old Eric Council Jr. pleaded not guilty to charges of conspiracy, aggravated identity theft, and fraudulent use of access devices during the hearing. Council's cooperation may help prosecutors track his accomplices in this case. Allegedly, these accomplices gained access to the agency's account using stolen personal information from an SEC employee. Prosecutors stated that Council allegedly forged identification and gained the trust of an employee at a local mobile phone store, getting them to help him obtain the victim's phone. Subsequently, those who initially identified the victim and directed Council's actions breached the security measures of the X account and posted the false tweet. -Original
7. TIA tokens worth approximately $1.02 billion will be unlocked on October 30, accounting for 79.91% of the circulating supply, potentially affecting market liquidity.
Celestia will unlock 175,590,000 TIA at 22:00 Beijing time on October 30, valued at approximately $1.02 billion, accounting for 79.91% of the current circulating supply. -Original
8. Microsoft will allow shareholders to vote on a proposal to invest in Bitcoin, indicating traditional companies' interest in cryptocurrency investments.
9. Demand for U.S. spot Bitcoin ETFs reaches a six-month high, with a total net inflow of 64,962 BTC in the past 30 days, showing strong market demand for Bitcoin ETFs.
CryptoQuant founder and CEO Ki Young Ju stated on the X platform that demand for U.S. spot Bitcoin ETFs has reached a six-month high, with a total net inflow of 64,962 BTC in the past 30 days. -Original
10. Deribit CEO states that demand for Bitcoin call options surges after the U.S. election, reflecting the market's sensitivity to political events.
Deribit CEO Luuk Strijers stated that the number of Bitcoin call options expiring on November 8 is twice that of put options, marking the first expiration after the U.S. election. Strijers added that derivatives traders expect Bitcoin prices to experience brief but significant volatility around the U.S. presidential election on November 5. -Original
11. John Deaton plans to represent the XRP community in the SEC's appeal case against Ripple, showing active legal engagement in cryptocurrency regulation.
XRP-supporting lawyer and U.S. Senate candidate John Deaton has applied to appear as an amicus curiae in the SEC's appeal case against Ripple. Journalist Eleanor Terrett shared this development, noting that Deaton's application was officially added to the Second Circuit Court's docket on October 23. Although Deaton is running for the U.S. Senate, he plans to continue representing the XRP community, arguing that XRP trading remains legal, as previously ruled by Judge Analisa Torres. Deaton criticized the SEC's contradictory stance, emphasizing its reversal on the Coinbase exchange issue, which he believes reflects a flawed regulatory approach. -Original
12. Matrixport analyzes that global central bank de-dollarization and rising sovereign debt will continue to drive demand for Bitcoin and gold.
Matrixport states that the sustained demand for Bitcoin and gold is driven by two major macro trends: efforts by central banks to reduce reliance on the dollar and the rapid rise in sovereign debt levels. Investors should consider holding these two assets, as they have performed well this year and may continue to benefit from the aforementioned macroeconomic changes. In 2024, gold rose by 31%, while Bitcoin increased by 59%, outperforming traditional assets. Additionally, Bitcoin's unique position as a speculative asset and store of value is gaining recognition. With increasing institutional interest, such as the approval of Bitcoin spot ETFs and significant investments from companies like MicroStrategy, Bitcoin is becoming an increasingly indispensable part of the financial ecosystem. Central banks indirectly acknowledge Bitcoin's importance by investing in proxy companies like MicroStrategy. Concerns over global economic instability, soaring government debt levels, and rising inflation also drive demand for gold and Bitcoin. Looking ahead, the growth trend of tokenized assets linked to gold prices opens a new avenue for investors, providing an on-chain alternative to traditional gold investments. This innovation is expected to further drive demand for gold and Bitcoin during periods of economic uncertainty. -Original
13. OpenAI CEO Sam Altman debunks reports about the new Orion model as fake news, showing high attention to the development of AI technology.
On the eve of the second anniversary of ChatGPT's launch, reports emerged that OpenAI plans to launch the next-generation flagship model Orion. Unlike the two models released by OpenAI this year, 4o and o1, Orion will not be widely released through ChatGPT but will first grant access to closely collaborating companies to allow them to build their own products and features. Subsequently, OpenAI CEO Sam Altman publicly debunked this as uncontrolled fake news. -Original
14. The likelihood of MicroStrategy being forced to sell its Bitcoin is extremely low, analysts believe its debt structure is relatively robust.
Analysts at BitMEX Research believe that based on the current debt structure, the likelihood of MicroStrategy being forced to sell its Bitcoin is "extremely low"; however, considering the volatility of cryptocurrencies, "anything is possible." As of Thursday's close, MicroStrategy's stock price reached its highest level in 25 years at $235.89, rising over 10% that day. -Original
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