A much-anticipated documentary on Satoshi Nakamoto by the American television company HBO was aired on Tuesday. It turned out that it was not the cryptographer Len Sassaman that everyone had guessed in advance; it was a Canadian software developer Peter Todd. HBO theorized that Todd was Bitcoin creator Satoshi Nakamoto, the pseudonymous cryptocurrency pioneer who mysteriously disappeared in 2011. However, the evidence in the documentary is still not enough to convince those who have long studied the mystery of Satoshi Nakamoto’s identity.

(Satoshi Nakamoto has committed suicide? HBO will expose the creator of Bitcoin, who is the most popular candidate Len Sassaman)

Former FTX executive Ryan Salame is set to report to prison on October 11 to serve a seven-and-a-half-year sentence. Salame said on Twitter that he was looking forward to his upcoming life in prison, describing the sentence as being like "summer camp."

Full of expectations about going to jail, describing the sentence as "summer camp"

Since the sentencing hearing on May 28, Salame has frequently shared on Twitter that he is looking forward to serving his sentence, jokingly saying that he will treat his sentence as a "summer camp" where he will make more friends.

Salame's attorneys asked that he serve his sentence closer to home at the federal prison in Cumberland, Maryland. Cumberland Federal Prison has served many well-known figures, such as Jack Abramoff, a well-known American lobbyist. And Salame will become another high-profile member of the prison.

According to reports, former Russian prosecutor Marat Tambiyev was recently sentenced to 16 years in prison for allegedly receiving 1,032 Bitcoin bribes from the hacker group Infraud. The case, involving more than $65 million, is considered one of the largest bribery cases in Russian history. Russian authorities discovered an Apple laptop in Tambiyev’s home that contained millions of dollars worth of Bitcoin “pension funds.”

Hackers offer tens of millions of Bitcoins as bribes, an irresistible temptation

Marat Tambiyev served on the Russian Federal Investigative Committee (ICR) in 2011 and was accused in 2022 of accepting tens of millions of bitcoins in bribes from the hacker group Infraud to help members of the group, Kirill Samokutyaevsky and Konstantin Bergmanov, keep their illegal gains.

Ray Dalio, the founder of Bridgewater Associates who has always been bullish on the Chinese market, said at the Greenwich Economic Forum on Tuesday that investing in China is still tricky because Beijing may be structurally moving the country away from capitalism.

(Bridgewater founder Dalio looks at China’s market outlook and how to implement “beautiful deleveraging” is the key)

Ray Dalio: Investing in China is still tricky

According to CNBC, Bridgewater Associates founder Ray Dalio gave a speech at the Greenwich Economic Forum on Tuesday. He reminded that investing in China is still tricky because Beijing may be structurally keeping the country away from capital. doctrine, investors should adopt a cautious attitude when investing in this region.

BitMEX founder Arthur Hayes recently stated that as the cryptocurrency market continues to boom in 2024, the market focus is no longer just on mainstream currencies such as Bitcoin and Ethereum, but on a new batch of listed tokens. Hayes said that the PvP atmosphere pervading the market made him wonder whether these newly issued tokens have deviated from the original spirit of Web3 and instead become a predatory game. Hayes also said that many project founders chose to list their tokens on centralized exchanges (CEX), but they did not expect that the cost ended up exceeding expectations, and the token price eventually fell down the toilet like "poop".

Cryptocurrency exchange Crypto.com confirmed that it received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) and decided to file a lawsuit with the SEC. Crypto.com claimed that the SEC had excessively expanded its jurisdiction and also refuted The agency’s assertion that most cryptocurrencies are securities.

Crypto.com confirmed that it has received a Wells Notice, which is a formal notice that the U.S. Securities and Exchange Commission (SEC) intends to file charges against defendants, including Uniswap, Consensys, Robinhood, and Coinbase, all of which began receiving Wills last year. Notice.

The Ethereum Layer 2 project Scroll announced in April that it would launch the point reward retroactive activity Session Zero. After half a year, it finally released the airdrop plan. It will also be launched on the Binance Launchpool today to launch a 2-day staking reward.

About the $SCR Token Launch • Token Name: Scroll (SCR)• Total Token Supply: 1,000,000,000 SCR• Airdrop Snapshot Date: October 19, 2024• Token Launch Date and Airdrop Claim Availability: October 22, 20243/8

— Scroll (@Scroll_ZKP) October 8, 2024

1 billion SCR tokens will enter circulation

Although the U.S. election is less than a month away, various parties have already begun preparing their own officials. U.S. Republican candidate Trump has threatened to replace SEC Chairman Gary Gensler, who has strict regulations on cryptocurrencies. According to reports, the Trump administration’s favorite potential candidate for SEC chairman will be Dan Gallagher, the legal director of securities brokerage Robinhood.

Robinhood is locked in a bitter battle with the SEC, and Trump will turn the tide

The report pointed out that several former regulatory executives, lobbyists and securities lawyers have said that if Trump successfully returns to the presidency, Dan Gallagher, the legal director of securities brokerage Robinhood, is expected to be one of the potential candidates for SEC chairman.

According to the latest report of the United Nations Office on Drugs and Crime (UNODC), Telegram has now become the main platform for criminal groups in Southeast Asia to conduct illegal transactions. Telegram is used to conduct illegal activities such as cryptocurrency money laundering, personal information selling, and data theft, and through generative AI (GenAI) and deep fake (Deep Fake) technology to expand criminal methods.

(Telegram founder Pavel Durov was indicted for a felony: assisting illegal transactions and organized crime, with a maximum sentence of ten years)

Unlicensed VASPs facilitate money laundering

UNODC pointed out that there are many unregulated virtual asset service providers (VASPs) on Telegram that provide "off-ramp" services (conversion to fiat currency), especially for USDT that has been marked as illegal. These providers claim to process up to 3 million USDT per day and conduct transactions through over-the-counter (OTC) platforms, setting low customer identity verification (KYC) standards and assisting customers in money laundering activities, especially in border areas such as the Mekong River in Southeast Asia.

British financial start-up Revolut has successfully avoided nearly $13.5 million in cryptocurrency losses in the past three months by using "advanced algorithms" to enhance fraud protection measures.

Revolut uses "advanced algorithms" to prevent fraud

According to The Block, Revolut launched its cryptocurrency-specific trading platform Revolut Process customer transactions. It flagged 8% of transfers as potentially suspicious between June and September. After a more in-depth review process, only one in 5,000 flagged transfers will result in account closure. This represents 0.02% of Revolut’s 45 million customers globally.

As one of the earliest asset management companies involved in the blockchain field, Grayscale’s industrial sensitivity is worth learning from. In fact, in addition to single-target trust funds, Grayscale also launches active funds for private equity. Although these products are difficult for ordinary people to access, we might as well regard them as grayscale’s promising currencies in their respective fields.

Grayscale Digital Large Cap Fund: Don’t touch meme coins

The Grayscale Digital Large-Cap Fund is one of the first securities to invest individually in a basket of large-cap digital assets in the form of securities and obtain value from them. The fund was established as early as February 2018. The fund holds digital assets with the largest market capitalization, the most liquidity, and meeting specific trading and custody requirements in a market-capitalization-weighted manner. The fund currently has $490 million in assets under management.

Huida CEO Jen-Hsun Huang has been invisible in the high-tech industry for many years. After highly intensive media exposure, Nvidia's stock price has soared and become a phenomenon-level stock in the post-epidemic era. Now Wall Street reports a piece of Nvidia news almost every day. Coincidentally, Huang Renxun’s family members are also from Tainan. Su Zifeng, who has beautiful academic qualifications, is Huang Renxun’s cousin. She started to work on the AI ​​track ten years ago and now becomes Huang Renxun’s Huida competitor.

Su Zifeng attempts to build a complete AI ecosystem and become a track for Full Stack development. Su Zifeng focuses on emphasizing the three core competitive points of AI chips, namely performance, price and supply chain.

Juli Vavilova, the partner of Telegram founder Pavel Durov, recently revealed that she found out she was pregnant after Pavel Durov was arrested by French police on August 24. Unfortunately, she had a miscarriage on October 4.

Just like in a movie, Pavel found out she was pregnant the day after she was arrested

Juli Vavilova said on Telegram that she found out she was pregnant the day after Pavel Durov was arrested. "For some reason, I felt like I needed to take a pregnancy test," she said. "Mario [Pavel Durov's assistant] said if this was a movie, I might find out I was pregnant." It seems that humanity's first The six senses are quite accurate.

Piero Cipollone, executive member of the European Central Bank (ECB), recently discussed in depth how blockchain and distributed ledger technology (DLT) will operate the capital market in the future at the "Future of Payments" seminar hosted by the German Bundesbank, and advocated the establishment of " "European Ledger" allows central bank digital currencies, commercial bank digital currencies and other digital assets to "coexist on a single platform", which not only improves efficiency and transparency, but also helps integrate the European digital asset market.

But Cipollone also said that if these technologies are allowed to develop freely, they may bring financial risks such as market fragmentation. Therefore, he also called on central banks of various countries to actively participate in formulating standards to ensure that these technologies can develop collaboratively.

JPMorgan analysts analyze the key catalysts that could affect the cryptocurrency market in the coming months, including the seasonal "Uptober" trend, the Federal Reserve's interest rate cut, the listing of Bitcoin ETF options and the Ethereum "Pectra" upgrade. While historical trends and structural developments offer potential, the market remains sensitive to macroeconomic factors and awaits clearer growth catalysts.

Cryptocurrencies rose more or fell less in October

Based on past historical trends, Bitcoin’s strong performance in October is often called an “Uptober.” Bitcoin had positive returns in October more than 70% of the time.

China's stock market reopened today after a week-long holiday. The CSI 300 Index rose more than 11% in early trading, and the Shanghai Composite Index rose more than 8%. Only Hong Kong's Hang Seng Index fell more than 3% as the market was not closed last week.

Source: CNBC China ends a week-long holiday and continues to rise sharply at the opening

Economists and traders are keeping a close eye on more policy measures as Beijing has released a sense of urgency to get its economy back on track to achieve its annual growth target of “around 5 percent,” according to CNBC. And senior officials from the National Development and Reform Commission will hold a press conference at 10 a.m. local time on Tuesday to brief reporters on the implementation of the stimulus policy.                           

Affected by tensions in the Middle East and expectations of interest rate cuts, major U.S. stock indexes closed in the black, and the 10-year U.S. Treasury yield rose to above 4%. Bitcoin fell from yesterday’s high of $64,478, Ethereum fell from $2,521, and almost all assets except crude oil fell across the board.

The first anniversary of the war between Israel and Kazakhstan, the war has not stopped yet

The Israel-Kazakhstan war has turned one year since the Palestinian armed group Hamas launched an unprecedented attack on southern Israel on October 7 last year. The Israeli authorities held a memorial service and Israeli Prime Minister Netanyahu vowed to continue fighting.

Nearly two years after cryptocurrency exchange FTX filed for bankruptcy, a U.S. Bankruptcy Court Delaware judge has approved FTX’s reorganization plan, and 98% of FTX’s creditors will receive approximately the amount of their allowed claims within 60 days of the plan’s effectiveness. 119% USD Back.

FTX expects the total value of the properties collected, converted to cash and available for distribution to fall between $14.7 billion and $16.5 billion, according to an official press release. The amount includes assets under the control of the Chapter 11 debtors as well as assets under the control of FTX Digital Markets, Ltd. (Bahamas), the joint official liquidators, FTX Australia’s administrators, the U.S. Department of Justice and dozens of private participating institutions. FTX will separately announce the program’s effective date and expected first distribution date.

The 50th G7 Italy recently held a two-day summit in Rome, Italy. One of the summits, the "G7 Competition Regulators and Policymakers Summit", focused on artificial intelligence (AI). development, and further discussed the risks and challenges that generative AI (GenAI) brings to the competitive market under the rapid development. This meeting also formulated some principles for the development of AI, emphasizing the strengthening of anti-monopoly law enforcement to prevent large companies from abusing their market advantages. , and ensure the safety and fairness of AI technology.​

AI giants monopolize resources and threaten new startups

Cryptocurrency markets were currently trending upward throughout September, but experienced a pullback at the end of the month. With the exception of a few tokens, most currencies have experienced ups and downs and oscillations in recent times. In the volatile market, it is undoubtedly difficult for many investors to predict where the currency market will go in the future.

BingX

Cryptocurrency Market Fundamentals for October

Perhaps the biggest potential bullish factor for the cryptocurrency market right now is the approaching U.S. presidential election.

From a political perspective, in order for the current ruling Democratic Party in the United States to continue to elect the next U.S. president for its candidate, the current U.S. government will take measures to release water to a certain extent. Once there is a sharp decline in the financial market, it is very likely that the U.S. The government will take protective measures to maintain the relative stability of the financial market. Because if there is a sharp decline, it will undoubtedly be extremely detrimental to the election of the Democratic Party in the United States. On the other hand, if Kamala Harris is finally elected, in order to create a new world situation, the United States may also carry out certain water release operations to inject liquidity into the financial market, which will be beneficial to the price of cryptocurrency.