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Polymarket CEO stresses platform's non-partisan positionPolymarket founder and CEO Shane Coplan has pledged "strict non-partisanship" for the decentralized prediction platform ahead of the upcoming US presidential election. "Given the recent New York Times article on Polymarket, now is the time to be clear: Polymarket is strictly nonpartisan. We are told that we are agents of the Democrats and MAGA, depending on the day. Unfortunately, the story is less juicy; we are simply market nerds who believe that prediction markets provide the public with a much-needed alternative data source," he wrote.

Polymarket CEO stresses platform's non-partisan position

Polymarket founder and CEO Shane Coplan has pledged "strict non-partisanship" for the decentralized prediction platform ahead of the upcoming US presidential election.

"Given the recent New York Times article on Polymarket, now is the time to be clear: Polymarket is strictly nonpartisan. We are told that we are agents of the Democrats and MAGA, depending on the day. Unfortunately, the story is less juicy; we are simply market nerds who believe that prediction markets provide the public with a much-needed alternative data source," he wrote.
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Willy Woo Predicts Weaker Altcoin Seasons in the FutureAltcoin seasons are likely to continue to please speculators, but the intensity of returns will decline as the crypto market matures, according to analyst Willy Woo. “This cycle is markedly different from the others. This is the third cycle since retail began to scale with altcoins that burst into the mainstream in 2017. 2020-2021 were the ‘innovations’ of DeFi and NFTs […] and this third cycle is all about meme coins that make fun of the crypto industry. No pretense that they’re trying to be revolutionary, world-changing technology, just honest casino,” he wrote.

Willy Woo Predicts Weaker Altcoin Seasons in the Future

Altcoin seasons are likely to continue to please speculators, but the intensity of returns will decline as the crypto market matures, according to analyst Willy Woo.
“This cycle is markedly different from the others. This is the third cycle since retail began to scale with altcoins that burst into the mainstream in 2017. 2020-2021 were the ‘innovations’ of DeFi and NFTs […] and this third cycle is all about meme coins that make fun of the crypto industry. No pretense that they’re trying to be revolutionary, world-changing technology, just honest casino,” he wrote.
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Media: Sotheby’s Insider Makes 490x Profit on BAN Meme TokenA trader earned $871,600 in two days on BAN, increasing his deposit by 490 times. It turned out to be an insider who issued a meme token, Lookonchain analysts noted. According to experts, he purchased 36.27 million BAN for 10.2 SOL ($1795). During the first rise in the meme token price, a user sold 12 million BAN for $56,900, after which the coin collapsed by almost 90%. However, the trader did not sell the rest in a panic.

Media: Sotheby’s Insider Makes 490x Profit on BAN Meme Token

A trader earned $871,600 in two days on BAN, increasing his deposit by 490 times. It turned out to be an insider who issued a meme token, Lookonchain analysts noted.

According to experts, he purchased 36.27 million BAN for 10.2 SOL ($1795).

During the first rise in the meme token price, a user sold 12 million BAN for $56,900, after which the coin collapsed by almost 90%. However, the trader did not sell the rest in a panic.
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About the main events of the industry for the weekFollowing the release of the HBO documentary Money Electric: The Bitcoin Mystery, Canadian programmer Peter Todd was forced into hiding. In the film, he was named as a possible creator of Bitcoin, although the developer himself denies this. Todd claims that director Cullen Hoback used this theory to attract attention to the film.

About the main events of the industry for the week

Following the release of the HBO documentary Money Electric: The Bitcoin Mystery, Canadian programmer Peter Todd was forced into hiding.

In the film, he was named as a possible creator of Bitcoin, although the developer himself denies this. Todd claims that director Cullen Hoback used this theory to attract attention to the film.
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Address "sleeping" for 14 years moved $3.4 million worth of bitcoinsA wallet that had been inactive for over 14 years moved 50 BTC worth almost $3.4 million to a new address, Whale Alert analysts noted. The wallet received its first cryptocurrency for $2 in 2010. Thus, in 14.3 years the amount has grown by about 1.7 million times. In early March, an unknown person sold 1,000 BTC mined in 2010, earning approximately $68 million.

Address "sleeping" for 14 years moved $3.4 million worth of bitcoins

A wallet that had been inactive for over 14 years moved 50 BTC worth almost $3.4 million to a new address, Whale Alert analysts noted.

The wallet received its first cryptocurrency for $2 in 2010. Thus, in 14.3 years the amount has grown by about 1.7 million times.

In early March, an unknown person sold 1,000 BTC mined in 2010, earning approximately $68 million.
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Bitcoin Tests Below $66,000On the night of Saturday, October 26, the quotes of the first cryptocurrency temporarily fell below the level of $66,000. At the time of writing, Bitcoin is trading above $67,100. According to CoinGecko, the digital gold has lost 0.7% in 24 hours. The asset’s capitalization is more than $1.3 trillion. The probable reason for the temporary correction in the cryptocurrency market was Israel's attack on Iran.

Bitcoin Tests Below $66,000

On the night of Saturday, October 26, the quotes of the first cryptocurrency temporarily fell below the level of $66,000.

At the time of writing, Bitcoin is trading above $67,100. According to CoinGecko, the digital gold has lost 0.7% in 24 hours. The asset’s capitalization is more than $1.3 trillion.

The probable reason for the temporary correction in the cryptocurrency market was Israel's attack on Iran.
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Trader Bought Meme Token After Binance Listing, Earned $140,000An experienced trader made $140,000 in less than 20 minutes by tracking new listings on the Binance cryptocurrency exchange, according to Lookonchain experts. At the time of the announcement of the listing of the MOODENG meme token perpetual contract on Binance, a user bought 2.77 million of these coins for 1,300 SOL. 20 minutes later, he sold them for 2,109 SOL, earning 809 SOL ($140,000).

Trader Bought Meme Token After Binance Listing, Earned $140,000

An experienced trader made $140,000 in less than 20 minutes by tracking new listings on the Binance cryptocurrency exchange, according to Lookonchain experts.

At the time of the announcement of the listing of the MOODENG meme token perpetual contract on Binance, a user bought 2.77 million of these coins for 1,300 SOL. 20 minutes later, he sold them for 2,109 SOL, earning 809 SOL ($140,000).
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Etherscan Team Updates Blockchain Explorer APIEtherscan developers have released beta version v2 with a unified API for retrieving data from over 50 EVM blockchains. Supported networks include Ethereum, BNB Smart Chain, Polygon, Arbitrum, including related testnets such as Sepolia, Goerli and others. The initiative aims to simplify the creation of multi-chain dapps by providing a single point of control over blockchain data. The transition will reduce developer overhead and improve application efficiency.

Etherscan Team Updates Blockchain Explorer API

Etherscan developers have released beta version v2 with a unified API for retrieving data from over 50 EVM blockchains.

Supported networks include Ethereum, BNB Smart Chain, Polygon, Arbitrum, including related testnets such as Sepolia, Goerli and others.

The initiative aims to simplify the creation of multi-chain dapps by providing a single point of control over blockchain data. The transition will reduce developer overhead and improve application efficiency.
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Base Lending Contract Vulnerability Leads to $1M TheftAn exploit in uncertified L2 Base network landing contracts resulted in the theft of more than $1 million. The incident was reported by security firm Cyvers Alerts. The attacker exploited a vulnerability in WETH-related smart contracts. After successfully manipulating the price oracle, he withdrew $993,000.

Base Lending Contract Vulnerability Leads to $1M Theft

An exploit in uncertified L2 Base network landing contracts resulted in the theft of more than $1 million. The incident was reported by security firm Cyvers Alerts.

The attacker exploited a vulnerability in WETH-related smart contracts. After successfully manipulating the price oracle, he withdrew $993,000.
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Kraken Unveils Details of Its Own L2 SolutionAmerican crypto exchange Kraken will launch its own blockchain, Ink, in the first quarter of 2025. Its founder Andrew Koller told Bloomberg about this in an interview. Access will be made open to retail and institutional users. The launch of the latter's test network is expected before the new year.

Kraken Unveils Details of Its Own L2 Solution

American crypto exchange Kraken will launch its own blockchain, Ink, in the first quarter of 2025. Its founder Andrew Koller told Bloomberg about this in an interview.

Access will be made open to retail and institutional users.

The launch of the latter's test network is expected before the new year.
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Expert predicts Bitcoin will be adopted as a global currency by 2030By around 2030, the first cryptocurrency will likely be used as global money, according to the vision of its creator Satoshi Nakamoto, according to the forecast by CryptoQuant founder and CEO Ki Yoon Ju. In support of his position, the expert pointed to the increase in mining complexity — +378% over the past three years. This leads to higher entry barriers for Bitcoin mining and the dominance of large institutional players in the industry.

Expert predicts Bitcoin will be adopted as a global currency by 2030

By around 2030, the first cryptocurrency will likely be used as global money, according to the vision of its creator Satoshi Nakamoto, according to the forecast by CryptoQuant founder and CEO Ki Yoon Ju.

In support of his position, the expert pointed to the increase in mining complexity — +378% over the past three years. This leads to higher entry barriers for Bitcoin mining and the dominance of large institutional players in the industry.
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Ripple CEO Says Bitcoin Industry Will 'Reset' After US ElectionsThe digital asset industry is set for a reboot regardless of the outcome of the November U.S. elections, according to Ripple CEO Brad Garlinghouse. “There is progress ahead of us, and I’m certainly looking forward to it,” he told CNBC’s Tanya Machin on stage at DC Fintech Week 2024. The entrepreneur called the current administration of President Joe Biden "hostile" to cryptocurrencies.

Ripple CEO Says Bitcoin Industry Will 'Reset' After US Elections

The digital asset industry is set for a reboot regardless of the outcome of the November U.S. elections, according to Ripple CEO Brad Garlinghouse.

“There is progress ahead of us, and I’m certainly looking forward to it,” he told CNBC’s Tanya Machin on stage at DC Fintech Week 2024.

The entrepreneur called the current administration of President Joe Biden "hostile" to cryptocurrencies.
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Experts estimate banks' minimum costs for launching digital rubleCommercial banks will need investments of between 120 million and more than 200 million rubles to connect to the national digital currency platform. This was stated by experts interviewed by Kommersant. This includes “costs for infrastructure, information security, application software and integration work with existing intra-bank systems, and as the number of connected clients and the number of transactions increases, additional investments will be required in infrastructure development and the purchase of licenses.”

Experts estimate banks' minimum costs for launching digital ruble

Commercial banks will need investments of between 120 million and more than 200 million rubles to connect to the national digital currency platform. This was stated by experts interviewed by Kommersant.

This includes “costs for infrastructure, information security, application software and integration work with existing intra-bank systems, and as the number of connected clients and the number of transactions increases, additional investments will be required in infrastructure development and the purchase of licenses.”
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Tigran Gambaryan cleared of all charges in Binance caseThe Nigerian government has dropped all charges against Binance cryptocurrency exchange top manager Tigran Gambaryan, local media reported. The decision was announced by the prosecution counsel representing the Economic and Financial Crimes Commission (EFCC) during a closed hearing at the Federal High Court in Abuja on October 23.

Tigran Gambaryan cleared of all charges in Binance case

The Nigerian government has dropped all charges against Binance cryptocurrency exchange top manager Tigran Gambaryan, local media reported.

The decision was announced by the prosecution counsel representing the Economic and Financial Crimes Commission (EFCC) during a closed hearing at the Federal High Court in Abuja on October 23.
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Bernstein: Bitcoin at $200,000 by the End of 2025 Is a Conservative ForecastBernstein analysts have repeated their forecast of the first cryptocurrency reaching $200,000 by the end of next year and called it “conservative,” The Block writes. “Bitcoin will be $200,000 this cycle (late 2025). […] We are conservative,” Bernstein’s head of digital assets Gautam Chhugani said in a note to clients.

Bernstein: Bitcoin at $200,000 by the End of 2025 Is a Conservative Forecast

Bernstein analysts have repeated their forecast of the first cryptocurrency reaching $200,000 by the end of next year and called it “conservative,” The Block writes.

“Bitcoin will be $200,000 this cycle (late 2025). […] We are conservative,” Bernstein’s head of digital assets Gautam Chhugani said in a note to clients.
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Nicolas Cage Calls on Actors to Fight the Spread of AINicolas Cage has called on young actors to resist pressure from employers and to fight the use of AI and EBDR to change or manipulate their performances. He made this statement on stage at the 25th Newport Beach Film Festival, Deadline writes. EBDRs allow a digital copy of an actor to be created with his participation. For example, a “rejuvenated” Indiana Jones played by Harrison Ford in the 2023 film Indiana Jones and the Wheel of Destiny.

Nicolas Cage Calls on Actors to Fight the Spread of AI

Nicolas Cage has called on young actors to resist pressure from employers and to fight the use of AI and EBDR to change or manipulate their performances. He made this statement on stage at the 25th Newport Beach Film Festival, Deadline writes.

EBDRs allow a digital copy of an actor to be created with his participation. For example, a “rejuvenated” Indiana Jones played by Harrison Ford in the 2023 film Indiana Jones and the Wheel of Destiny.
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BitFuFu to Buy 80 MW Bitcoin Farm in EthiopiaCloud mining service provider BitFuFu has entered into a definitive agreement to acquire a controlling stake in an 80 MW Bitcoin mining facility in Ethiopia. According to the press release, the deal marks the company's transition from a strategy of managing small assets to building its own mining infrastructure.

BitFuFu to Buy 80 MW Bitcoin Farm in Ethiopia

Cloud mining service provider BitFuFu has entered into a definitive agreement to acquire a controlling stake in an 80 MW Bitcoin mining facility in Ethiopia.

According to the press release, the deal marks the company's transition from a strategy of managing small assets to building its own mining infrastructure.
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Analysts Estimate Binance's Share Decline Over the Past YearOver the past year through October 9, Binance accounted for $22.5 trillion of the $54 trillion in spot and derivatives trading volume across 22 platforms, according to data from 0xScope. Analysts have noted increased competition among CEXs, which has resulted in the weakening of the position of the largest crypto exchange Binance.

Analysts Estimate Binance's Share Decline Over the Past Year

Over the past year through October 9, Binance accounted for $22.5 trillion of the $54 trillion in spot and derivatives trading volume across 22 platforms, according to data from 0xScope.

Analysts have noted increased competition among CEXs, which has resulted in the weakening of the position of the largest crypto exchange Binance.
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X Empire Users Complain to Elon Musk About 'Scam Airdrop'On October 18, the clicker game X Empire airdropped the X token on Telegram and announced the date of its listing on major cryptocurrency exchanges. Most users were unable to participate in the airdrop due to “not meeting the criteria.” X Empire Users Complain to Elon Musk About 'Scam Airdrop'

X Empire Users Complain to Elon Musk About 'Scam Airdrop'

On October 18, the clicker game X Empire airdropped the X token on Telegram and announced the date of its listing on major cryptocurrency exchanges. Most users were unable to participate in the airdrop due to “not meeting the criteria.”

X Empire Users Complain to Elon Musk About 'Scam Airdrop'
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Bill Miller Reveals Average Purchase Price of His BitcoinsMiller Value Partners founder Bill Miller bought Bitcoin “at the very beginning” at $200, and its average entry price from 2012 to 2024 is about $700. The businessman told this in an interview with Forbes. According to him, the first cryptocurrency is the only economic unit where supply does not depend on demand or price, unlike traditional assets and precious metals.

Bill Miller Reveals Average Purchase Price of His Bitcoins

Miller Value Partners founder Bill Miller bought Bitcoin “at the very beginning” at $200, and its average entry price from 2012 to 2024 is about $700. The businessman told this in an interview with Forbes.

According to him, the first cryptocurrency is the only economic unit where supply does not depend on demand or price, unlike traditional assets and precious metals.
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