Trump Pardons Zhao Changpeng (CZ), CZ Thanks and Promises to Help the U.S. Become the Cryptocurrency Capital
President Trump signed a pardon order, forgiving Zhao Changpeng, the founder of Binance. Zhao Changpeng had pleaded guilty in 2023 to violating the Bank Secrecy Act, becoming embroiled in money laundering and illegal trading scandals, and his company was also fined $4.3 billion by the U.S. Department of Justice. The White House stated that this move marks the end of the so-called "Biden administration's war on cryptocurrency."
Zhao Changpeng expressed his gratitude for Trump's pardon and stated, "I will do my utmost to help the U.S. become the cryptocurrency capital."
Google Quantum Computer Achieves Major Breakthrough, Speed Exceeds Classic Supercomputers by 13,000 Times
This week, Google's Quantum AI team announced that its next-generation quantum computer demonstrated a speed advantage equivalent to about 13,000 times that of classic supercomputers on specific complex computational tasks. This achievement is based on an improved qubit architecture and error correction algorithms, significantly reducing the error rate and showcasing the potential of quantum computing in simulating chemical reactions, optimization problems, and other fields.
Plasma Obtains Italian VASP License, Accelerates Expansion of EU Stablecoin Payment Business
Stablecoin payment company Plasma announced that it has obtained the Italian Virtual Asset Service Provider (VASP) license, officially integrating into the EU regulatory framework. This license allows Plasma to provide cryptocurrency payment, custody, and exchange services across the EU, and the company plans to use this as a foundation to accelerate the application of stablecoins in cross-border settlements and retail payments.
Walmart Plans to Accept Cryptocurrency Payments Through OnePay Cash
Walmart plans to integrate cryptocurrency payment services through its payment partner OnePay Cash, allowing customers to use cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) for in-store and online shopping.
Solana Officially Promotes Chinese Name Activity, Mentions "Solara"
Solana's official social media account retweeted a post about its Chinese name collection activity, for the first time mentioning the name "Solara." As a result, a meme coin with the same name saw a price surge driven by social media hype. This move indicates that Solana is actively promoting brand building and community interaction in the Chinese market, attempting to enhance its recognition and affinity among Chinese users.
Jia Yueting's Associated Company QLGN Partners with BitGo to Launch "C10" Digital Asset Treasury
Jia Yueting's associated Nasdaq company QLGN announced a strategic partnership with digital asset infrastructure provider BitGo to promote its "C10 Treasury" multi-asset allocation plan, which aims to allocate the top ten cryptocurrencies by market capitalization and utilize BitGo's compliant custody and over-the-counter liquidity services. The company stated that it has completed the necessary infrastructure preparations.
Decentralized Exchange Bunni Announces Gradual Shutdown of Operations
Decentralized exchange Bunni announced that it will gradually cease platform operations and stop related services. The team stated that due to declining market liquidity, insufficient project revenue, and regulatory uncertainties, it is difficult to maintain long-term sustainable development. Users must withdraw liquidity and assets within a specified period, and the smart contract will enter read-only mode. Bunni had previously gained attention for its liquidity management tools and yield optimization strategies, and its closure reflects the current acceleration of consolidation in the DeFi market and the intensifying trend of project survival of the fittest.
FalconX Acquires 21Shares, Expands into the Cryptocurrency ETF Market
Cryptocurrency trading company FalconX announced that it will acquire 21Shares, a leading global cryptocurrency ETF issuer. 21Shares is known for launching multiple cryptocurrency ETFs in Europe and the U.S., managing assets worth billions of dollars. Through this acquisition, FalconX plans to integrate its trading and custody services with 21Shares' ETF products, expanding its institutional client service capabilities and further promoting the adoption of cryptocurrency assets in traditional financial markets.
Standard Chartered Hong Kong to Launch Virtual Asset ETF Trading Services
Standard Chartered Hong Kong announced plans to launch virtual asset ETF trading services in November, allowing qualified investors to trade related ETF products such as Bitcoin and Ethereum directly through the Standard Chartered platform.
Solana Accelerates APAC Expansion, Launching Activities on October 28
Solana will hold the Solana Accelerate APAC event in China, aimed at interacting with local communities, connecting entrepreneurs, developers, and investors, and accelerating the adoption of cryptocurrency products. The event will take place in Beijing, Shanghai, Hangzhou, and Shenzhen.
Token Unlocking
Yield Guild Games will release 10.68 million YGG tokens on October 27, accounting for approximately 1.25% of the current circulating supply.
Numbers Protocol will release 4.49 million NUM tokens on October 28, accounting for approximately 0.61% of the current circulating supply.
SingularityNET will release 6.73 million AGIX tokens on October 28, accounting for approximately 0.43% of the current circulating supply.
Slash Vision Labs will release 4.81 million SVL tokens on October 28, accounting for approximately 0.06% of the current circulating supply.
Sign will release 290 million SIGN tokens on October 28, accounting for approximately 21.48% of the current circulating supply.
Sophon will release 25.13 million SOPH tokens on October 28, accounting for approximately 1.02% of the current circulating supply.
Grass will release 181 million GRASS tokens on October 28, accounting for approximately 72.4% of the current circulating supply.
Jupiter will release 53.47 million JUP tokens on October 28, accounting for approximately 1.72% of the current circulating supply.
Aurora will release 1.46 million AURORA tokens on October 29, accounting for approximately 0.31% of the current circulating supply.
Fracton Protocol will release 277.78 thousand FT tokens on October 29, accounting for approximately 0.28% of the current circulating supply.
Fracton Protocol will release 277.78 thousand FT tokens on October 29, accounting for approximately 0.28% of the current circulating supply.
IOTA will release 12.37 million IOTA tokens on October 29, accounting for approximately 0.33% of the current circulating supply.
Treehouse will release 11.25 million TREE tokens on October 29, accounting for approximately 6.12% of the current circulating supply.
Celo will release 851.87 thousand CELO tokens on October 30, accounting for approximately 0.15% of the current circulating supply.
Games for a Living will release 24.25 million GFAL tokens on October 30, accounting for approximately 0.4% of the current circulating supply.
Staika will release 1.57 million STIK tokens on October 30, accounting for approximately 2.5% of the current circulating supply.
Zora will release 166.67 thousand ZORA tokens on October 30, accounting for approximately 4.55% of the current circulating supply.
Renzo will release 423.7 thousand REZ tokens on October 30, accounting for approximately 8.79% of the current circulating supply.
Kamino will release 229.17 thousand KMNO tokens on October 30, accounting for approximately 5.99% of the current circulating supply.
Gunz will release 87.58 million GUN tokens on October 30, accounting for approximately 7.25% of the current circulating supply.
Related: A16z Raises $10 Billion New Fund Focused on AI and Defense, Cryptocurrency Sector Unexpectedly Absent
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