Planet Daily | BTC briefly broke through 70,000 USDT this morning; Hong Kong Stock Exchange will launch a series of virt
Headlines
BTC broke through 70,000 USDT this morning, up 2.6% in 24 hours
OKX market data shows that BTC broke through 70,000 USDT this morning, reaching a high of 70,332 USDT, with a 24-hour increase of 2.6%.
Hong Kong Stock Exchange to launch virtual asset index series
The Hong Kong Stock Exchange (HKEX) announced that it will launch the HKEX Virtual Asset Index Series (Index Series) on November 15, 2024 to provide a reliable benchmark price for this rapidly emerging asset class, supporting Hong Kong’s development into Asia’s leading digital asset hub.
The index series will provide a transparent and reliable benchmark for the pricing of Bitcoin and Ethereum in the Asian time zone, and is committed to providing a unified reference price for virtual assets and resolving price differences between such assets on global exchanges.
New York Times: Bloomberg boss has spent nearly $100 million to support Harris
Multiple people familiar with the matter revealed that former New York Mayor and Bloomberg owner Michael Bloomberg recently donated $50 million to a nonprofit organization supporting Democratic presidential candidate Harris.
Bloombergs latest donation went to the nonprofit Future Forward USA Action, according to people familiar with the matter. Before this anonymous donation, he had already made $47 million in public political donations to the Democratic Party, second only to George Soros among all the major Democratic donors.
Market Changes
According to CoinGecko data, the current total market value of cryptocurrencies is 2.47 trillion US dollars, with a 24-hour increase of 0.5%. In addition, BTC has a market share of 55.9% and ETH has a market share of 12.5%.
According to Coinglass data, the entire network had a liquidation of US$169 million in the past 24 hours, of which long positions had a liquidation of US$72.8215 million and short positions had a liquidation of US$95.7778 million.
Coinglass data shows that the total open interest of BTC contracts on the entire network is 586,100 BTC, equivalent to approximately US$41.039 billion, setting a new historical high, with a 24-hour increase of 6.81%.
Among them, the open interest of CME BTC contracts was 164,600 BTC (about 11.497 billion US dollars), ranking first, with a 24-hour increase of 3.11%;
Binance BTC contract open interest is 125,400 BTC (approximately US$8.785 billion), ranking second, with a 24-hour increase of 8.73%.
On October 28, local time, the U.S. stock market closed, and the three major indexes closed up collectively, with the Dow Jones Industrial Average up 0.65%, the Nasdaq up 0.26%, and the SP 500 up 0.27%. Cryptocurrency concept stocks generally rose, with MARA Holdings up more than 11%, Riot Platforms and Canaan Technology up more than 9%, and MicroStrategy up nearly 9%.
Trump concept stocks strengthened, Trump Media Technology Group rose by more than 21%, and the cumulative increase this month has been close to 200%. (Jiemian News)
Industry News
Deepa Raja Carbon, Managing Director and Vice Chairman of Dubai Virtual Asset Regulatory Authority (VARA), said that after the turmoil in the virtual asset industry, people are more eager for clear regulations, which is why international exchanges are developing their business in Dubai. Hong Kong and Dubai have very similar DNA. The regulation of virtual assets in various regions does not need to be consistent, but coordination between regulators is very important, because many frauds involving virtual assets do not occur in a single region. Dubai and Hong Kongs various regulatory departments also have close ties, and they appreciate the way Hong Kong regulators handle problems the most. As long as the transaction or business is suitable for development in the region, they are willing to consider opportunities such as interoperability.
Hong Kong, China, has published its first policy guide dedicated to the application of artificial intelligence in the financial sector and proposed tax exemptions for virtual assets, as it strives to build Hong Kong into an Asian business hub.
To support licensed virtual asset trading platforms in developing sustainable business models, the SFC is establishing a formal advisory group for all licensed virtual asset trading platforms, consisting of representatives from each licensed institution to ensure that the SFC takes their views into account in the policy-making process.
Indias central bank governor Shaktikanta Das reiterated his cautious stance on cryptocurrencies, saying they have the potential to destabilize the financial system.
Das, speaking during the Peterson Institute for International Economics’ 2024 Macro Week, said cryptocurrencies were created to bypass the traditional financial system. The fundamental question is whether authorities or governments are willing to accept privately issued cryptocurrencies that have all the characteristics of a currency.
He argued that issuing money is traditionally a sovereign function and that allowing cryptocurrencies to flourish could take parts of the economy out of central bank control, a shift that could lead to monetary instability.
Crypto lobby groups file brief in court supporting lawsuit against SEC over token airdrops
Crypto lobbying groups the Blockchain Association and the Crypto Council for Innovation have filed an amicus brief in support of their ongoing lawsuit against the U.S. Securities and Exchange Commission (SEC) seeking to proactively clarify the rules surrounding token airdrops.
The nonprofits argued that a Waco District Court judge should force regulators to take action to respond to claims by Beba, an American clothing brand that issued tokens to reward shoppers, and DeFi Education Fund that the airdrops did not violate securities laws.
Fred Krueger, a Bitcoin supporter and PhD in mathematics from Stanford University, posted on X that BlackRock holds 7% of Microsoft (MSFT), second only to Vanguard, and also holds 8% of MicroStrategy (MSTR). These shareholders will vote on Monday to decide whether they should study the situation of buying BTC.
Project News
Microstrategy (MSTR) shares have risen nearly 250% so far this year, continuing a 353% gain in 2023.
While BTC has seen strong gains so far in 2024, it has not been as strong as MSTR. At the time of writing, BTC has a year-to-date return of 60%, while MSTR has returned almost 4 times more.
As of October 27, the number of daily transactions on Optimism Superchain reached 7.5 million, a month-on-month increase of 21.1%. In addition, the Optimism Collective has accumulated revenue of 15,800 ETH to date.
Degen: Season 9 Airdrop 2 and Season 3 Raindrop 2 will be distributed on October 31st
Degen posted on X that the Season 9 Airdrop 2 and Season 3 Raindrop 2 airdrops will be issued on October 31. The snapshot will cover all Tips as of midnight UTC on October 30.
According to the official announcement of bitSmiley, 3% of the total supply of tokens have been locked as bitDisc-Black staking rewards, and the rewards will be distributed according to the number of bitJade held by users.
Ethena Labs: Neither the team nor investors use locked tokens for sENA staking “mining”
Ethena Labs posted on X that we are aware of some questions on Discord and X about whether investors or the Ethena team are using locked tokens to receive Ethereal rewards through sENA. We want to make it clear to the community that absolutely no locked tokens that belong to the team or investors are being staked as sENA for any rewards, including Ethereal. This was publicly confirmed on Discord last week.
Coinbase: Will not perform ANT to ETH conversion operations on behalf of users
Coinbase Assets issued a reminder on the X platform that Aragon (ANT) is undergoing a token dissolution. As announced by the Aragon Association, ANT holders can redeem ANT for ETH at a fixed exchange rate of 0.0025376 ETH/ANT before November 2, 2024, but Coinbase will not perform ANT to ETH conversion operations on behalf of users.
Swell L2 is migrating to Optimism Superchain
According to official news, Swell L2 is migrating to Optimism Superchain. This move will allow Swell L2 to join the Superchain as an Optimistic Rollup built on OP Stack.
Vitalik transferred 100 ETH to each of the four addresses including UHF fund, suspected of donation
According to on-chain analyst Ember, Vitalik Buterin transferred 100 ETH to each of the four addresses, worth $1.027 million, including the UHF fund, which may be a donation from Vitalik to some organizations/institutions.
Vitalik released the future development of the Ethereum protocol (Part 6: The Splurge), the key goals are as follows:
– Make EVM reach a high performance and stable “endgame state”;
-Introducing account abstraction into the protocol so that all users can benefit from more secure and convenient accounts;
-Optimize transaction fee economics, improve scalability while reducing risk;
-Explore advanced cryptographic techniques that can make Ethereum better in the long run.
Character*Voice
BlackRock CEO: Bitcoin is an international asset not based on any currency
BlackRock CEO Larry Fink said: Bitcoin is an international asset. It is not based on anyones currency. (Cointelegraph)
Investment and Financing
According to official news, the Bitcoin native stablecoin project bitSmiley announced the completion of a second round of financing of US$10 million. This round of financing attracted a number of well-known investment institutions including MH Ventures and Skyland Ventures, which will provide strong support for bitSmiley to expand the liquidity and application scenarios of Bitcoin in decentralized applications.
Solana Ecosystem Project Streamflow Completes a New Round of Strategic Financing, Led by John Lilic
Solana ecosystem project Streamflow has completed a new round of strategic financing, led by John Lilic, with participation from Jump Crypto, Solana Ventures, IVC, GBV, Genblock, Hypersphere, Amber, VentureDAO, T3E, Huobi and Primeblock, as well as a group of angel investors. Streamflow is a comprehensive digital asset management infrastructure company dedicated to promoting the development of token-based economies on the chain. (Decrypt)
This article is sourced from the internet: Planet Daily | BTC briefly broke through 70,000 USDT this morning; Hong Kong Stock Exchange will launch a series of virtual asset indexes (October 29)
Related: The life of a trader under the Memecoin cult
Original author: hitesh.eth Compiled by Odaily Planet Daily ( @OdailyChina ) Translator: CryptoLeo ( @LeoAndCrypto ) A whale made 289 times profit on SPX, Smart money addresses made 117 times profit on GOAT and 855 times profit on GNON… Murad: Meme coin is a sign of the maturity of the crypto industry, Zhu Su: Memecoin infrastructure makes all tokenization possible, Arthur Hayes: Meme coin GOAT may reach a market value of 1 billion US dollars… SPX, GOAT, GNON, the recent industry events, in addition to BTC hitting $69,000, are the daily Memecoin myths of getting rich, real on-chain data, plus the spread of industry leaders, Meme has become the hottest track recently. Crypto KOL hitesh.eth published an article summarizing From exposure to belief in Memecoin, the thinking and social cognition…
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