Planet Daily|BTC rose to 73650 USDT this morning and then fell back, only 130 USDT away from its all-time high; BTC mark
Headlines
TradingView data shows that BTC market share exceeds 60%
TradingView data shows that BTCs market share has exceeded 60% (currently 60.08%), up 16.43% this year.
OKX market data shows that BTC rose to 73650 USDT in the early hours of this morning before falling back, only about 130 USDT away from the previous high of 73787.1 USDT in March this year.
The total market value of Memecoins on Solana has exceeded $12 billion, a record high
According to Solana Floor monitoring, the total market value of Memecoins on Solana has exceeded $12 billion, a record high. Among them, WIF ranks first in Solana Memecoin market value with a market value of $2.65 billion, followed by POPCAT ($1.7 billion), BONK ($1.51 billion), MEW ($890 million), GOAT ($630 million), and BOME ($613 million).
Industry News
According to market news, the number of JOLTs job vacancies in the United States in September was 7.443 million, which was expected to be 8 million. The previous value was revised from 8.04 million to 7.861 million. (Jinshi)
Poll: Harris lead over Trump narrows further, leading by just one percentage point
A Reuters/Ipsos poll on Tuesday showed that in the final stage of the US presidential campaign, Harris lead over Trump has further narrowed, with 44% to 43%, only one percentage point ahead. (Jinshi)
U.S. Treasury Department’s new financial inclusion strategy does not mention cryptocurrencies
The U.S. Treasury Department has developed a new financial inclusion strategy to help people gain access to the financial system, but cryptocurrencies are mentioned only once in the 35-page report, touting the department’s work in flagging harms in the industry.
Although Vice President Harris said during her campaign that she would encourage cryptocurrencies as part of her economic agenda, her current administration has distanced itself from digital assets, making this likely the last mention of cryptocurrencies by the U.S. Treasury Department before next week’s election.
Biden thanks Nigerian president for pushing for release of Binance executive Tigran Gambaryan
According to a statement released by the White House, U.S. President Biden called Nigerian President Bola Tinubu on Tuesday to thank President Tinubu for his leadership in securing the release of American citizen and Binance executive Tigran Gambaryan on humanitarian grounds last week.
Project News
Jito officially announced that it will launch the first phase of Restaking at 15:00 UTC on October 30. The deposit window will be open at that time, and users can deposit through the Jito Restaking homepage or the front-end provided by Renzo, Kyros, and Fragmetric. The initial deposit limit is 25 million US dollars, which will be gradually increased in the next few weeks.
USDC Treasury destroys 50 million USDC on the Ethereum chain
According to Whale Alert monitoring, at around 20:22 Beijing time today, USDC Treasury destroyed 50 million USDC on the Ethereum chain.
Crypto wallet MetaMask developer Consensys lays off 20% of staff
Consensys, the developer of the crypto wallet MetaMask, announced a 20% layoff, involving approximately 160 employees. The companys founder and CEO Joe Lubin announced the news in a blog post, attributing the layoffs to macroeconomic headwinds and legal expenses from the companys long-standing battle with regulators. Consensys previously sent an open letter to the future US president, calling for clear and supportive regulations on cryptocurrencies and Web3. The letter stated that regulatory rulings need to be transparent to allow the United States to remain competitive globally while addressing issues of consumer protection and illegal activities. It is believed that the uncertainty of US regulation has hindered the development of blockchain technology. The company pointed out that despite the global adoption of decentralized platforms, there is a lack of a comprehensive framework. (Fortune)
Binance to launch Binance Wealth to support wealth managers and their high-net-worth clients
According to the official announcement, Binance will launch Binance Wealth, which aims to support wealth managers and their high-net-worth clients who are interested in expanding their crypto asset investment layout. It mainly caters to the needs of wealth managers, further connects traditional markets and crypto markets, and encourages more and more institutional and private wealth to invest in the crypto asset field.
It is reported that Binance Wealth provides wealth managers with a platform directly integrated within Binance to help them oversee every step of their high-net-worth clients’ crypto journey – from KYC/KYB processes to investment consulting.
Optimism Foundation agrees to provide 25 million OP tokens grant to Kraken
The Optimism Foundation agreed to provide Kraken with a grant of 25 million OP tokens. The deal was finalized around January or February this year, and also paved the way for Kraken to use Optimism’s OP Stack. Kraken announced last week that it would build a second-layer network Ink on top of Optimism’s OP Stack blockchain framework.
Tether Treasury minted 1 billion USDT on Tron this morning (authorized but not issued)
According to Whale Alert monitoring, at 4:43:51 Beijing time, Tether Treasury minted an additional 1 billion USDT on Tron.
Tether CEO Paolo Ardoino commented that this was an authorized but unissued transaction, meaning it will be used as inventory for the next issuance request and on-chain exchange.
The Arena: ARENA tokens deployed and initial airdrop open
The Avalanche ecosystem social protocol The Arena posted on X that ARENA has been deployed at 7:30 today, and all initial airdrop allocations are available. ARENA will initially be traded on LFJ.
Circle raises USDC exchange fees for the second time this year
Circle Internet Financial Ltd. has increased the fees it charges on USDC exchange for the second time in less than a year.
Visa and Coinbase Partner to Offer Real-Time Crypto Purchases via Debit Cards
Visa Inc. and Coinbase Global Inc. have partnered to allow Visa customers with eligible debit cards to deposit funds into their Coinbase accounts, sometimes instantly.
dYdX Trading lays off 35% of core team members
According to the official announcement, dYdX Trading has laid off 35% of its core team members.
Antonio Juliano, CEO and co-founder, said: “This decision was made because we realized that the company we had built was different from what dYdX had to become. We will move forward with clarity of thought and renewed passion. We will create an amazing product.”
Character*Voice
Matthew Siegel, head of digital asset research at VanEck, said Bitcoin’s recent gains appear to be related to political changes and global economic concerns. Siegel cited factors such as the upcoming U.S. election, changes in money supply, and international developments in Bitcoin mining as influencing recent price trends.
Coinbase CEO Brian Armstrong said in a post on X: “The next SEC chairman should withdraw all frivolous cases and apologize to the American people.
It won’t do the country the damage it deserves, but it will start the process of restoring trust in the SEC as an institution.”
CZ ranks 16th on the Hurun Rich List with a wealth of 135 billion yuan
According to the 2024 Hengchang Shaofang Hurun Rich List recently released by Hurun Research Institute, CZ ranked 16th on the list with a personal wealth of 135 billion yuan, and his personal wealth increased by 90 billion yuan from last year.
ai 16 z Whale: Bought 17% of supply with 80 SOL, will donate 11% to support the development of DAO
Elijah Madonia, a whale holding 16% of the supply of ai 16 z, posted a post on X reviewing his early experience of buying ai 16 z.
Elijah said that he initially purchased 17% of the supply of ai16z with 80 SOL, and then sent some tokens to ai16z founder Shaw and another team member because they didnt even have the opportunity to buy it themselves. Elijah then distributed some tokens to friends at a discounted price, hoping to share the profits.
Nomura warns: Markets are over-hedged on Trump trades, a Harris surprise could happen
Charlie McElligott, managing director of Nomura and cross-asset macro strategist for the Americas, warned in his latest report that in recent weeks, the market has over-hedged the hypothetical outcome of the election in which Trump and the Republican Party of the United States win both houses of Congress. It is possible that Harriss approval rating will be higher than expected and the election will be deadlocked. At that time, all types of assets will be at risk of reversal. Because in the next few days and the next two weeks, the U.S. Treasury will experience a large issuance in the early stage of the federal governments fiscal year 2025, including the issuance of $70 billion in five-year U.S. Treasury bonds, $69 billion in two-year Treasury bonds, and $44 billion in seven-year Treasury bonds, the JOLTS report on the number of job vacancies in the United States, the latest refinancing announcement of the Treasury Department, personal consumption expenditures (PCE), non-farm payrolls (NFP), the U.S. presidential election day, and the November Federal Reserve Monetary Policy Committee FOMC meeting. (zerohedge)
DWF Labs: Partner accused of drugging women removed from position
In response to the DWF Labs partner being accused of drugging women today, DWF Labs official X issued a statement: We have noticed the recent allegations about one of our partners involving inappropriate and unacceptable behavior, which is deeply worrying. Although the matter is still under investigation, DWF Labs has decided to immediately remove the partner from management and operational positions.
According to the X account of @hananotsorry Hana, on the evening of October 24, a DWF partner put unknown drugs into her drink several times in a bar in Hong Kong. She was rescued after being reminded by the waiter.
Investment and Financing
AI startup Sierra raises $175 million at $4.5 billion valuation
Sierra Technologies, an artificial intelligence startup founded by OpenAI Chairman Bret Taylor and former Alphabet (GOOGL.US) executive Clay Bavor, has raised $175 million in funding at a valuation of $4.5 billion, led by Greenoaks Capital Partners, with participation from Thrive Capital, Iconiq Capital and existing investors. The deal represents a significant jump in the companys valuation, which was close to $1 billion earlier this year.
Stablecoin project CAP Labs announced on X that it had completed a $1.9 million Pre-Seed round of financing, with participation from Kraken Ventures, Robot Ventures, ANAGRAM, ABCDE Labs, SCB Limited and others.
CAP Labs is building a scalable crypto-native stablecoin that provides users with a variety of crypto-native returns, including MEV, arbitrage, and other types of returns. Its mainnet is scheduled to go live in the first quarter of 2025.
Talent Protocol receives strategic investment from Base Ecosystem Fund
Web3 talent market protocol Talent Protocol announced on X that it has received strategic investment from Base Ecosystem Fund (led by Coinbase Ventures). After a year of joint construction, Base is increasing its investment in the cooperation between the two parties. TALENT tokens will be launched on the Base chain tomorrow.
Crypto insurance broker Native receives $2.6 million in seed funding led by Nexus Mutual
Crypto insurance broker Native has received $2.6 million in seed funding led by Nexus Mutual. Native will provide $20 million in on-chain insurance and operate a pool on Nexus Mutual. Nexus Mutual’s insurance alternative is also available through a product called Base DeFi Pass through many major protocols on the Coinbase Layer 2 network.
It is reported that since its establishment in 2019, Nexus Mutual has insured approximately $5 billion in crypto assets and paid out $18 million in claims. (Coindesk)
Bitcoin liquidity staking platform PumpBTC announced the completion of a $10 million seed round of financing, led by SevenX Ventures and Mirana Ventures, with participation from well-known institutions such as UTXO and Mantle Ecosystem Fund, and attracted many industry partners such as Quantstamp and Veda.
Libraro, a community-oriented Web3 content platform, announced the completion of its seed round (Phase I), led by Ayre Ventures. The specific amount of financing and valuation information have not been disclosed. The new funds will be used to expand its Web 3 loyalty program and on-chain author identity functions, prevent copyright infringement, and increase transparency of content ownership and distribution rights. (bebeez)
Security incidents
Truth Terminal founder X’s account was suspected to be hacked and promoted the new token $IB
Andy Ayrey, founder of Truth Terminal, announced the launch of a new token $IB on X, and it is suspected that his account was hacked.
Cosine: Keystone X account hacked, beware of phishing risks
SlowMist Yuxian issued a warning that the Keystone X account has been hacked, and people should be careful of any information it posted (including private messages) and beware of phishing attacks.
This article is sourced from the internet: Planet Daily|BTC rose to 73650 USDT this morning and then fell back, only 130 USDT away from its all-time high; BTC market share exceeded 60% (October 30)
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