Daily Planet|Gary Gensler may announce his resignation after Thanksgiving; pump.fun’s cumulative revenue exceeds $200 mi
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Source: Gary Gensler may announce his resignation after Thanksgiving
Odaily Planet Daily reported that Fox Business reporter Eleanor Terrett said on the X platform that Trumps choice for SEC chairman is still unknown, but Gary Gensler seems increasingly likely to resign and choose not to complete his term as commissioner. Washington sources rumored that Gary is likely to announce after Thanksgiving (November 28) that he will leave in early January (before Trumps inauguration).
Eleanor added that as for who will replace Gary, former CFTC Chairman Chris Giancarlo has denied rumors of his nomination, but Robinhood Chief Legal Officer Dan Gallagher, Bob Stebbins, Paul Atkins and Brad Bondi are still on the list of candidates.
According to Dune data from Odaily Planet Daily, pump.fun’s cumulative revenue has exceeded US$200 million (US$200,778,402), and the total number of tokens deployed has exceeded 3.36 million.
On-chain trading terminal DEXX was attacked, and most user funds were transferred
Odaily Planet Daily News: The on-chain trading terminal DEXX was attacked, and many users confirmed that their funds were transferred. The scope of this attack is not limited to the Ethereum chain, and the transferred assets are not limited to mainstream currencies.
Afterwards, DEXX Chinese official responded on the X platform: Currently DEXX has noticed the problem of tokens being transferred away as reported by many users, and several professional security audit teams have begun to analyze and investigate. The team is working hard to solve it, and there is no rug. Subsequent progress will be synchronized with everyone through the site push and X/Telegram notification as soon as possible.
SlowMist Cosine later published a post on X saying: So far, we have analyzed 821 stolen information related to DEXX users, with a total loss of nearly 20 million US dollars, of which 1 user lost more than 1 million US dollars, 2 users lost between 500,000 and 1 million US dollars, and 28 users lost between 100,000 and 500,000 US dollars. The stolen information is still being collected.
Odaily Planet Daily News: Binance co-founder He Yi posted on X that My Telegram account @heyibinance was maliciously reported and blocked. If someone claims to be He Yi on TG, it is a scam.
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Odaily Planet Daily News: Anjing Shiba Inu anonymous chief developer Shytoshi Kusama forwarded information on the X platform showing that President Trump and the upcoming Department of Government Efficiency (DOGE) are exploring a blockchain-based federal election voting and identity verification system.
Sources familiar with the matter said the system will be built in collaboration between X, Cardano, HyperLedger and Hedera. Federal legislation will require all states to implement an “eVote” platform to ensure the integrity of elections across the United States.
Sources say President Trump is insisting on a system that eliminates voter fraud because he is concerned about irregularities in 2028.
Kusama believes that the success of the system depends on integrating fully homomorphic encryption (FHE), while calling on Trump to appoint a professional blockchain advisor.
Goldman Sachs holds over $25 million in Grayscale and Fidelity Ethereum spot ETF shares
Odaily Planet Daily News: Goldman Sachs previously disclosed in a 13 F filing submitted to the SEC that as of Q3, it held over $731 million worth of Bitcoin spot ETF shares. In addition, it also held $22.6 million worth of Grayscale Ethereum Mini Trust ETF and $2.6 million worth of Fidelity Ethereum ETF shares. (Bitcoinist)
Elon Musk vetoed OpenAIs coin issuance plan in 2018
According to a public court document filed on November 14, Elon Musk vetoed OpenAIs ICO plan in 2018. The document shows that Musk and his legal team said that in early 2018, OpenAIs two founders, Sam Altman and Greg Brockman, wanted to launch tokens to help the company make profits, but at the time Musk believed that this would only lead to a significant reduction in the credibility of OpenAI and everyone associated with the ICO.
OpenAI was originally a non-profit organization. Musk joined OpenAI as co-chairman of the board and invested $44 million in the startup. Musk even suggested merging OpenAI with Tesla to solve the funding problem of the artificial intelligence startup. However, Musk left OpenAI in February 2018 and founded his own artificial intelligence company xAI. (The Block)
Odaily Planet Daily News: SG Forge, a subsidiary of Societe Generale, said it plans to launch its euro stablecoin EURCV on XRP Ledger (XRPL). The company uses Metacos technology for custody, which was previously acquired by Ripple and is now renamed Ripple Custody. EURCV was launched on Ethereum and has announced that it will expand to Solana, so XRPL will be its third blockchain to go online, and it is expected to be launched in 2025.
Billionaire Paul Tudor Jones Increases His Funds BTC Holdings to $159.9 Million via BlackRock IBIT
Odaily Planet Daily reported that according to Bitcoin Archive, SEC documents showed that billionaire Paul Tudor Jones increased his funds BTC holdings fivefold to $159.9 million through BlackRock IBIT.
Bloomberg ETF analyst Eric Balchunas retweeted the news and added that Tudor Jones is now one of the top 10 holders of IBIT.
Robert Kennedy Jr.: Most of his wealth is invested in Bitcoin
Odaily Planet Daily News: Former independent candidate for the US presidential election, Robert F. Kennedy Jr., said in a recently re-released video: I am a big supporter of Bitcoin. A year ago, I attended another Bitcoin conference here. I went home and invested most of my wealth in Bitcoin, so I went all in.
He also recently wrote a post describing Bitcoin as free money and reiterated the ability of the digital asset to hedge against monetary inflation. Kennedy has been a loyal supporter of Bitcoin for many years. He believes that decentralized, supply-capped, neutral currency and other hard assets such as gold and silver can stabilize the US dollar and avoid currency depreciation. (Cointelegraph)
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Odaily Planet Daily News According to official news, the Ethereum Foundation announced the launch of its first formal summer internship program, including research internships and software engineering internships, aimed at cultivating the next generation of Ethereum developers and researchers. Relevant personnel will directly contribute to core projects in key areas such as protocol security, account abstraction, expansion research, and client development. It is reported that the selected interns will be assigned a short-term project and a mentor and should work independently to a certain extent. The application is currently open and the deadline is December 9, 2024. A formal interview will be conducted after the initial screening, and the selection notification process is expected to be completed on January 10, 2025.
Odaily Planet Daily News: Certain class action lawsuits against Ripple and its CEO Brad Garlinghouse are entering the final judgment stage, which may help their ongoing litigation against the US SEC.
On Thursday, Judge Phyllis Hamilton granted final judgment in the settled class action lawsuits and ordered a stay on the remaining unresolved lawsuits. The decision shortens the class action lawsuits and paves the way for a trial to begin on January 21, 2025.
The class action plaintiffs argue that Ripple violated federal and California securities laws by selling XRP without registration between 2017 and 2023.
The analysis points out that the final judgment in this case may have a chain reaction on similar lawsuits filed by the SEC in 2020. Specifically, a ruling in favor of Ripple may greatly help it fight the SECs allegations that it has violated federal securities laws.
StarkWare CEO: Starknet will increase TPS 4x and reduce fees 5x in 3 months
Odaily Planet Daily News StarkWare CEO Eli Ben Sasson said he expects the transaction speed of the companys Ethereum L2 Starknet to increase fourfold in the next three months, while fees will drop fivefold.
Speaking at DevCon 2024 in Bangkok last week, Sasson said network improvements will primarily come from “better compilation and faster execution” of Cairo, Starknet’s native smart contract language.
Starknet will cross the 1,000 TPS milestone and compete with chains like Solana, which typically handles between 800 and 1,050 non-voting TPS, according to Solana Compass data. Sasson asserted that Starknet’s TPS will exceed 1,000 or more in the next “three months.”
He added that Starknet fees will also be further reduced, We are on track to reduce transaction costs on Starknet by 5 times, which could make it the cheapest L2. (Cointelegraph)
Odaily Planet Daily News: Recently, in an email disclosed by X user @sarah 07144297, a senior executive of Kalshi’s growth department allegedly “exposed” money laundering and wash trading on Polymarket to an unidentified reporter.
“Many of the accounts on Polymarket exhibited typical money laundering behavior, with much of this wash trading being obvious,” the email read.
The executives account has now been set to private. The email and its contents have not been independently verified. However, its contents suggest that it may simply be an attempt to further discredit Polymarket amid increasing scrutiny, and does not provide new or corroborating evidence. (Protos)
Uniswap front-end transaction revenue exceeds $100 million
Odaily Planet Daily reported that DefiLlama data showed that as of November 16, Uniswaps front-end transaction revenue exceeded US$100 million (US$100.56 million).
Odaily Planet Daily News: The Ethena Foundation announced that Wintermute’s proposal to “enable ENA fee switching” has been approved by the Risk Committee. The Foundation will work with the Risk Committee to finalize the relevant parameters for fee switch activation by November 30, and the specific implementation mechanism will be announced later.
Odaily Planet Daily News DL Research published an article on X stating that the decentralized stablecoin crvUSD launched by Curve Finance has generated $18 million in fees since its launch in June, with a market value of $66 million.
Jupiter Lianchuang: Confirmed that LFG will resume in February next year
Odaily Planet Daily News Jupiter Lianchuang meow posted on X: It is confirmed that LFG will resume after Catstanbul in February next year.
Cosine: Lending project polterfinance suffered $12 million theft due to “empty market” issue
Odaily Planet Daily reported that Yu Xian Yu X, the founder of SlowMist, posted a message saying that a lending project polterfinance (@polterfinance) on FTM was stolen due to the empty market problem, which was equivalent to the entire TVL of the protocol.
The project pointed out in its audit description that since the smart contract it uses is exactly the same as Geist, except that the flash loan function has been deleted from the lending pool, the Geist audit report is provided here.
Thala was attacked, THL plummeted by more than 50% in a short period of time
Odaily Planet Daily reported that Coingecko data showed that Thala (THL) plummeted by more than 50% in a short period of time, once falling below $0.37. It is currently quoted at $0.6281, a 24-hour drop of 12.4%.
According to a message released by the official staff in the community, the Thala protocol was affected by a series of transactions early Saturday, resulting in a brief damage to the v1 liquidity pool. Thala contributors have worked with several security agencies to regain access to all user funds. Efforts are currently underway to restore and compensate the affected users.
The team will release a full post-mortem report later today, and all protocol functionality will be restored once the affected liquidity pools are restored to normal.
Odaily Planet Daily News: Pump Science released a security incident update on X. The main situation is as follows: API key permissions were tampered with; hackers accessed the UI and released fake experiments; real developers discovered the problem and fixed it; final testing is currently underway and it will be back online later.
The official reminder stated that the only real tokens are $RIF/$URO, and all new tokens are only announced through official channels.
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Bloomberg analyst: CFTC has cleared the way for the launch of Bitcoin spot ETF options
Odaily Planet Daily News: The Clearing and Risk Division of the Commodity Futures Trading Commission (CFTC) stated in an employee advisory notice that spot Bitcoin ETF options are for ETF stocks registered as securities with the U.S. Securities and Menukarkan Commission (SEC). These stocks are listed and traded on national securities exchanges registered with the SEC, and are cleared and settled by the Options Clearing Corporation as the sole issuer of all stock options. In view of relevant court precedents, these spot commodity ETF stocks are likely to be regarded as securities, so the listing of these stocks on national securities exchanges registered with the SEC does not involve the jurisdiction of the CFTC, and clearing will be carried out in its capacity as a registered clearing agency supervised by the SEC.
Bloomberg analyst Eric Balchunas posted on social media that the CFTC has cleared the way for the listing of spot Bitcoin ETF options. This is the second obstacle that needs to be cleared after the SEC. Now we just need to wait for the OCC (Options Clearing Corporation) to list it.
Odaily Planet Daily reported that US President-elect Trump is considering a new candidate for Treasury Secretary: including former Federal Reserve Board member Kevin Warsh and Wall Street billionaire Marc Rowan.
Trump had been expected to pick Howard Lutnick, CEO of Wall Street firm Cantor Fitzgerald, or Scott Bessent, a former fund manager for George Soros.
But Trump has been reconsidering his top two candidates and has slowed his selection process, and he is expected to invite the candidates to interview him at Mar-a-Lago this week. [The New York Times]
Odaily Planet Daily reported that according to TASS, the Russian Ministry of Energy has formally put forward a proposal to restrict kriptocurrency mining activities in certain special regions affected by energy shortages.
An unnamed source said the official proposal would see the restrictions implemented in December this year, stressing: The Energy Ministry does have a proposal and we will consider it at a government committee meeting on November 18.
The Ministry of Energy said that the possible restrictions are justified by the expected energy shortages in some areas. The ministry explained that during the period of expected energy shortages, it is wise to prohibit cryptocurrency mining in areas where regulatory and fiscal parameters are critical and where electricity prices are subsidized. (Bitcoin.com)
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Elon Musk: I’m beginning to think that DOGE (Department of Government Efficiency) has real potential
Odaily Planet Daily News Elon Musk posted on X that he began to feel that DOGE (Department of Government Efficiency) had real potential.
Cathie Wood: At the current price of $90,000, Bitcoin is still a good investment
Odaily Planet Daily News: ARK Invest CEO Cathie Wood recently reiterated her bullish forecast for Bitcoin prices in an interview, insisting that despite market volatility, the companys forecast for 2030 remains unchanged.
It said: In the base case, Bitcoin is worth about $650,000 by 2030. In the bull case, it is between $1 million and $1.5 million.
Ark Invest first introduced these Bitcoin price predictions in its 2023 Big Ideas report, published last February. Unlike the single prediction in the earlier report, the company proposed three scenarios. Based on the most likely assumptions, the base case expects Bitcoin to reach $682,800 by 2030, the bear case estimates the price at $258,500, and the bull case expects Bitcoin to rise to $1.48 million.
Wood stressed that at current prices, Bitcoin is still a good investment, “Remember, we were the first public asset manager to invest in Bitcoin in 2015 at $250.”
She further explained: “With Bitcoin at $90,000 right now, we think we have a long way to go. Why? First of all, we’re getting regulatory relief here, which I think is one of the most important initiatives of the new administration. We’re getting regulatory relief for all kinds of innovation, including healthcare.
The other thing is that we’re now looking at Bitcoin as a new asset class, not just as a global monetary system, but as a new asset class, which means that institutions and asset allocators in general are saying, ‘Wait a minute, this asset behaves differently than all our other assets, and we need to include it. ’”
Citing Bitcoin’s historical performance during halving cycles, Wood predicts that Bitcoin will continue to gain momentum as inflation declines and halving events reduce supply. (Bitcoin.com)
Odaily Planet Daily reported that Brian Armstrong, CEO of Coinbase, wrote on X that the Department of American Government Efficiency (DOGE) is a once-in-a-lifetime opportunity to increase economic freedom in the United States and restore the size of the government to a healthy level.
The Founding Fathers were geniuses but probably overlooked the perverse incentives for democratic governments to grow in size over time (winning elections by promising more free stuff).
To future-proof this, we might need a constitutional amendment to limit total government spending (to, say, 10%), or find a way to align incentives (Buffett has proposed that an unbalanced budget make all members of Congress who voted for it ineligible for reelection).
Ideally, the government should have ways to temporarily rein in spending (like in times of war), but still have the right incentives to not let spending get completely out of control in the long term. An example would be a US sovereign wealth fund where every citizen has a share (and maybe people can buy more as needed), and any budget surpluses pay dividends. Then every citizen gets a share, and maybe Congress gets a slightly larger share.
What are the best ideas for aligning incentives with long-term fiscal discipline?”
Anthony Pompliano: A global race for Bitcoin is underway
Odaily Planet Daily News Asset manager and investor Anthony Pompliano recently said that the global Bitcoin arms race between sovereign states and governments has begun.
Pompliano said on Yahoo Finance that market participants believe President-elect Trump will keep his campaign promise to build a strategic reserve of Bitcoin, and that doing so is in the best interest of the United States to prevent being preempted by other countries.
“There’s a global race for Bitcoin right now,” Pompliano asserted. “Whether you’re a local, state, or federal government official, you should be looking for ways to get as much Bitcoin as possible onto your balance sheet. It’s not like gold, where we can just dig more out of the ground.”
He explained that the race to adopt Bitcoin is driven primarily by currency devaluation, noting that U.S. residents have lost about 25% of their purchasing power over the past five years. (Cointelegraph)
This article is sourced from the internet: Daily Planet|Gary Gensler may announce his resignation after Thanksgiving; pump.fun’s cumulative revenue exceeds $200 million (November 18)
Related: From prediction markets to info finance
One of the Ethereum applications that has always excited me the most are prediction markets. I wrote about futarchy, a model of prediction-based governance conceived by Robin Hanson, in 2014. I was an active user and supporter of Augur back in 2015 (look, mommy, my name is in the Wikipedia article!). I earned $58,000 betting on the election in 2020. And this year, I have been a close supporter and follower of Polymarket. To many people, prediction markets are about betting on elections, and betting on elections is gambling – nice if it helps people enjoy themselves, but fundamentally not more interesting than buying random coins on pump.fun. From this perspective, my interest in prediction markets may seem confusing. And so in this post I aim to explain what it is about the concept that excites me.…