Organized by: Fairy, ChainCatcher

Important News:

• Hurun Rich List: Zhao Changpeng's wealth increased by 90 billion yuan compared to last year, reaching 135 billion yuan
• Hackers stole Truth Terminal founder Andy Ayrey's X account and posted meme information, earning over $600,000
• Animoca Brands expands its Hong Kong office to 28,000 square feet, equivalent to 10 times the size of a tennis court
• U.S. Senate Republican candidate Bernie Moreno claims he has sold all his Bitcoin holdings
• Insiders: Trump's crypto project World Liberty Financial plans to issue a stablecoin
• Insiders: Sequoia Capital may profit over $100 million from Stripe's acquisition of Bridge
• Data: The government of Bhutan deposited 929 BTC worth $66.16 million into Binance in the past hour

"What important events have occurred in the past 24 hours"

Data: The government of Bhutan deposited 929 BTC worth $66.16 million into Binance in the past hour

According to monitoring by Lookonchain, the government of Bhutan deposited 929 BTC (worth $66.16 million) into Binance in the past hour. The government currently holds 12,456 BTC (worth $886.58 million).

Ant Group's AntChain publicly unveils its "Two Chains and One Bridge" platform for RWA business

At the 9th Hong Kong FinTech Week, AntChain publicly unveiled its "Two Chains and One Bridge" platform specifically designed for RWA business. The platform consists of an "Asset Chain," a "Transaction Chain," and the "AntChain Trusted Cross-Chain Bridge," aimed at facilitating the RWA conversion of new energy assets from the mainland in Hong Kong.

According to Yan Ying, Chief Scientist at Ant Group, the platform employs a digital-physical twin technology system, supporting a transaction processing capacity of 100,000 transactions per second and PB-level data storage. The platform has been applied in the Hong Kong Monetary Authority's Ensemble project, assisting the mainland new energy listed company Langxin in completing a $10 million cross-border financing in August this year. Currently, AntChain has provided on-chain services for over 12 million new energy devices, becoming the largest new energy blockchain device platform in the country.

BlackRock CEO: Expects the Federal Reserve to cut interest rates by at least 25 basis points by the end of 2024

BlackRock CEO Larry Fink stated that he expects the Federal Reserve to cut interest rates by at least 25 basis points by the end of 2024.

Hurun Rich List: Zhao Changpeng's wealth increased by 90 billion yuan compared to last year, reaching 135 billion yuan

According to the Hurun WeChat account, the Hurun Research Institute released the "2024 Hengchang Shaofang · Hurun Rich List," with former Binance CEO Zhao Changpeng ranking 16th with a wealth of 135 billion yuan.

The article mentions that although Zhao Changpeng was arrested in California last year and paid over $7 billion in fines, his wealth still increased by 90 billion yuan (ranking 2nd in wealth growth) to 135 billion yuan, mainly due to the increase in total trading volume of virtual currencies over the past year, with Bitcoin's price rising 130% compared to the same period last year, reaching $65,000.

Additionally, the market value of the cryptocurrency exchange Coinbase has doubled from $19 billion to $46 billion. It is reported that Zhao Changpeng of Binance was just listed in 2018, and his wealth has now exceeded 100 billion.

Hackers stole Truth Terminal founder Andy Ayrey's X account and posted meme information, earning over $600,000

According to monitoring by Lookonchain, hackers stole the X account of Truth Terminal founder Andy Ayrey and posted meme information, earning over $600,000 in just one hour.

Animoca Brands expands its Hong Kong office to 28,000 square feet, equivalent to 10 times the size of a tennis court

Animoca Brands recently opened a new office covering 28,000 square feet (2,601 square meters) in a burgeoning tech area on the southern side of Hong Kong Island, spanning two floors. This is approximately 10 times the size of a tennis court.

Animoca Brands President Evan Auyang stated in an interview, "We increased from 7,500 square feet to 28,000 square feet. Now Hong Kong is a tenant's market, and we believe this is a perfect time to create a collaborative space not only for ourselves but also for other companies in our portfolio."

Although the cryptocurrency market is in a bull run, 2023 has been challenging for Animoca, including facing pressure to lay off employees and reducing the target size of its metaverse fund from $2 billion to $800 million. Auyang said, "As a company, we must try. We must accept failure as part of it," adding that Animoca has undergone several transformations in its short history.

Auyang emphasized the importance of government support in Animoca's decision to stay in Hong Kong, calling it "priceless," and discussed the key moment when the Hong Kong Financial Services and the Treasury Bureau announced support for Web3 alongside Animoca CEO Yat Siu.

U.S. Senate Republican candidate Bernie Moreno claims he has sold all his Bitcoin holdings

According to Cointelegraph, Ohio U.S. Senate Republican candidate Bernie Moreno claimed he sold his Bitcoin (BTC) holdings worth $70,006, apparently to avoid potential conflicts of interest with support from the cryptocurrency industry. Moreno stated that he is "proud" to have gained support from the crypto industry in his campaign to defeat Senator Sherrod Brown.

This Senate candidate has received over $40 million in support from the political action committee (PAC) Defend American Jobs, which is affiliated with Fairshake, primarily helping Republican candidates. In addition to PAC funding, several well-known cryptocurrency executives, including Gemini co-founders Cameron and Tyler Winklevoss, Coinbase co-founder Fred Ehrsam, and Coinbase CEO Brian Armstrong, have also directly donated to Moreno's campaign. Moreno stated that if elected senator, he hopes to provide "regulatory certainty" for the cryptocurrency industry.

Data: Bitcoin's market share reached 59.92%, a new high since March 31, 2021

According to Tradingview data, Bitcoin's market share reached 59.92% around 03:35 AM today, a new high since March 31, 2021, and is currently at 59.54%.

Insiders: Sequoia Capital may profit over $100 million from Stripe's acquisition of Bridge

Insiders revealed that the venture capital firm will profit hundreds of millions of dollars from Stripe Inc.'s acquisition of the crypto platform Bridge for $1.1 billion in cash and stock.

Institutions including Sequoia Capital, Ribbit Capital, Bedrock Fund Management, Index Ventures, and Haun Ventures have seen multiple returns on their investments in this startup. When Stripe agreed to acquire Bridge, it had been established for less than three years.

Sequoia Capital holds a 16% stake in Bridge and may profit over $100 million from it. It is reported that Sequoia Capital invested $19 million in Bridge's Series A financing last year.

Ribbit holds about 10% of Bridge, valued at approximately $100 million, while Bedrock and Index Ventures each hold about 6%, and Haun Ventures holds 4%.

Insiders: Trump's crypto project World Liberty Financial plans to issue a stablecoin

Multiple insiders have revealed that the Trump crypto project World Liberty Financial, which recently completed a $14 million token launch, is planning to issue a stablecoin. The project has appointed Paxos co-founder Rich Teo as the head of stablecoin and payment operations. The project is simultaneously developing several core components, with features including the stablecoin set to be launched at the appropriate time.

It is noteworthy that if Trump wins the presidential election in 2024, the stablecoin issued by his business partners may face questions of conflict of interest. Currently, the largest stablecoin issuer in the U.S., Circle, holds $34.59 billion in assets to support its $34.37 billion USDC circulation. Meanwhile, Tether achieved a record profit of $5.2 billion in the first half of 2024 and currently holds nearly $81 billion in U.S. Treasury bonds.

Arthur Hayes: China's economic stimulus measures will drive cryptocurrency prices up

BitMEX founder Arthur Hayes published a blog post titled "Let's Go Bitcoin," stating that China's stimulus measures will inject trillions of dollars into the financial markets and drive cryptocurrency prices up. The quantitative easing by the People's Bank of China and the renewed acceleration of bank credit growth will take time, but its impact will be undeniable, providing an excellent buying opportunity. After the unexpected devaluation of the yuan in August 2015, the price of Bitcoin rose from $135 to $600, nearly a fivefold increase in less than three months.

"What are the noteworthy articles to read in the past 24 hours"

2024 crypto and settlement amounts near $20 billion record high, will there be a regulatory spring after the election?

Recently, U.S. regulators seem to be accelerating their enforcement in the crypto sector as the 2024 fiscal year comes to a close.

Last week, according to The Wall Street Journal, the federal government is investigating cryptocurrency company Tether for potential violations of sanctions and anti-money laundering regulations. Although Tether has denied the allegations, it has still caused some panic in the market.

Throughout October, the SEC has charged at least 20 crypto projects and individuals, including Cumberland, Gotbit, CLS, ZM Quant, Saitama, and Robo Inu, seizing over $25 million in cryptocurrency. Many of these charges have also involved joint enforcement with the FBI and DOJ, with crypto market makers and trading firms being key targets.

With U.S. regulators not slowing down their scrutiny of crypto, the number of crypto lawsuits and settlements in 2024 may reach a record high.

Vitalik on the possible future of Ethereum (Part Six): The Splurge

Some things are hard to categorize, and there are many "details" in the design of the Ethereum protocol that are crucial to its success. In fact, about half of the content involves different types of EVM improvements, while the rest consists of various niche topics, which is the meaning of "The Splurge."

The Splurge: Key Objectives

Transform the EVM into a high-performance and stable "final state."

Introduce account abstraction into the protocol, allowing all users to enjoy a more secure and convenient account.

Optimize transaction fee economics, improving scalability while reducing risk.

Explore advanced cryptography to significantly improve Ethereum in the long term.

80% of trading volume comes from rug funds: The shocking truth behind Base chain's new high activity and Uniswap liquidity

Base is becoming a shining star in the EVM space, but according to Dune data analyst jpn memelord, while Uniswap's trading volume on the Base platform appears prosperous, a large portion of the trades is driven by repeatedly "pulling the plug" funds. This seems to confirm some community views that there are many "big cuts" on Base. What do the real data show? This has been compiled and organized based on jpn memelord's research for readers' reference.

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