Category: AI

TrumppledgestoendcryptoregulationandpardonsforRossUlbricht,appealingtoBitcoinadvocatesasElectionDayapproaches. HarrisproposesAI-friendlypolicies,contrastingTrump’spro-Bitcoinstance,assupporterslooktotheNov.5election. RepublicansweepmightfuelBitcoin’sgrowth,withprojectionshintingatmajorpricesurgesunderpro-cryptopolicies. Incommemorationofthe16thyearsincethecreationofBitcoin,theformerpresidentoftheUSADonaldTrumpreinforcedhisstandindefenseofthegovernment’srigidrestrictivepoliciesconcerningcryptocurrency.TrumpdeclaredhimselfasupporterofBitcoininasocialmediapost,statinghewouldputanendtowhathedubbed“Kamala’swaroncrypto.”Hisstatement,referringtohisrivalKamalaHarris,alsohighlightedapro-Bitcoinpolicyagendahewouldpushforwardifhewontheelection. IwouldliketowishourgreatBitcoinersaHappy16thAnniversaryofSatoshi’sWhitePaper.WewillendKamala’swaroncrypto,&BitcoinwillbeMADEINTHEUSA!VOTETRUMP!#Bitcoin#FreeRossDayOne —DonaldJ.Trump(@realDonaldTrump)October31,2024 TrumptookthisoccasiontoaddresshiscommitmenttothecryptocommunityandstressedhisintentiontopromoteBitcoininnovationintheUnitedStates.ThiscomesdaysbeforetheNov.5election,whereTrumphopestogainfavoramongcryptoadvocates. BackingBitcoinandCrypto-FriendlyPolicies Trump’smessagetotheBitcoincommunityalsoincludedareiterationofhisplantopardonRossUlbricht,thefounderofSilkRoad,whoisservingalifesentence.HisrecentpostssuggestheviewsasupportiveapproachtowardBitcoinanditstechnologyasanopportunitytostrengthenU.S.economicindependenceandtechnologyleadership.Besidesthis,heproposedacompleteoverhaulofcryptoregulations,amovelikelyaimedatdistancingtheU.S.fromcurrentpoliciesthatmanycryptoadvocatescriticize. Trumphasbeenactivelypursuingcryptovoters,promisingtoendfederalBitcoinsalesanddismissSECchairGaryGensler,knownforhisaggressivestanceoncryptocurrencyenforcement.Trump’sstrategyisgainingattention,especiallyasBlackRock’sBitcoinETFgarnersrecordinvestments. Bitcoin’sMomentumandElectionImplications Bitcoinhasmaintainedsteadygrowth,withnotablecorporateholderslikeMicroStrategyaddingtotheirportfolios.Trump’spro-Bitcoinrhetoriccouldfurtherfuelthismomentum,especiallyifhisproposedpolicieseaseregulatoryconstraints.ManycryptoenthusiastssuggestaRepublicanvictorycouldacceleratepro-cryptoreforms,potentiallydrivingBitcointonewpricehighs.Notably,aTrumpwin,combinedwithRepublicancontrolofCongress,couldcreatefavorableconditionsfordigitalassets,possiblypushingBitcoin’spricetoward$125,000bytheendoftheyear. cryptonewsland.com

ArgotCollective,backedbytheEthereumFoundation,isnowsupportingseverallanguages,excludingVyper,causingariftintheDeFicommunity. TheexclusionofVyperfromfundinghassparkeddebate,withcriticsstressingitscriticalroleinEthereum’sDeFiinfrastructure. ArgotCollective’sapproachaimstoensurefinancialtransparencywhileprioritizinglanguageslikeSolidityandFeforEthereumecosystemgrowth. TheEthereumFoundation’srecentlaunchoftheArgotCollectivehasdrawnsignificantcriticismfromtheEthereumcommunity.Establishedasalong-term,non-profitorganizationdedicatedtoEthereumsoftwaredevelopment,ArgothaspromisedtosupportvariousEthereumprojectsforuptotenyearsthroughgrants.However,thelackoffundingforVyper,akeyprogramminglanguageforDeFiprojectslikeCurveFinance,LidoFinance,andYearnFinancehassparkeddebateovertheFoundation’sfundingapproachandpriorities. FocusonSolidityandFeSparksConcernsAmongDevelopers Argot’sfundingstructureemphasizessupportforprojectssuchasSolidity,Fe,andothertoolswithintheEthereumecosystem.Fe,anewerlanguagebuiltwithsafetyinmind,waschosenforfundingdespitelimitedreal-worlduse.Incontrast,Vyper,widelyimplementedinDeFi,receivednofunding.Communitymembersarguethisdecisioncouldcompromisethelong-termsecurityandutilityofDeFiprojectsthatdependonVyper.CurveFinancefounderMichaelEgorovvoicedhisfrustration,suggestingthatthedecisionmayreflectpersonalbiasesamongthoseoverseeingtheallocationoffunds. Withaninitialfocusonlanguages,formalandsourcecodeverification,Argotwillbecomethenewhomefor▸Act▸@ethdebug▸@official_fe▸Hevm▸@solidity_lang▸@SourcifyEthTheteammembersofthese@ethereumprojectsarethefoundingmembersofArgot. —ArgotCollective(@argotorg)October31,2024 Argotstateditaimstoupholdfinancialtransparencyandrejectprofit-drivenapproacheswithinEthereum.Theorganizationclarifieditwouldrelyongrantsandstakingincome,steeringclearofequitysalesortokenofferingstomaintainindependence.WhilethesemeasuresareintendedtoenhanceEthereum’stechnicalsupport,criticsremainwaryofArgot’slanguageselection,suspectingashifttowardtechnicaldecentralizationmayinfluencethesechoices. ExclusionofVyperRaisesQuestionsonProjectPrioritization ManyEthereumadvocatesemphasizethatfundingshouldprioritizelanguageswithaprovenimpact.Egorov’sremarkshighlightaprevailingsentimentthatVyper’sessentialroleinDeFishouldsecureitaplacewithinEthereum’sfundinglandscape.ByoverlookingVyper,someargue,theEthereumFoundationrisksneglectingcriticaltoolsforDeFistabilityinfavorofless-utilizedlanguages. TheArgotCollective’splansmarkasignificantshiftinEthereum’sorganizationalstructure,intendingtodistributedevelopmentalcontrolacrossindependententities.However,amidthesechanges,theEthereumFoundationmayfaceincreasingcallstoaddresscommunityconcernsaboutitscommitmenttosupportingessentialtechnologiesacrossitsdecentralizedecosystem. cryptonewsland.com

BlackRock’sBitcoinETFledwitha$315Minflow,boostingitstotalBTCholdingsto433,713,valuedat$30.19B. EthereumETFssawanetinflowof19,064ETH,withiSharesadding$49.4Mworth,raisingtotalholdingsto466,275ETH. CombinedBitcoinandEthereumETFsexperiencedstronginflows,reflectingincreasedinvestorinterestincryptocurrencyETFs. OnNovember1,BitcoinandEthereumETNswitnessedhugeinflowswhichtestifyinvestortrustandappetiteinsuchproducts.Fromtheanalysisofthedata,itbecomesapparentthattherearequitedifferentiatedtrendsofassetflowwiththeprimaryETFsandleadingfirmssuchasBlackRock. Nov1Update: 10#BitcoinETFsNetFlow:+1,115$BTC(+$77.62M)🟢#Blackrock(iShares)inflows4,528$BTC($315.17M)andcurrentlyholds433,713$BTC($30.19B). 9#EthereumETFsNetFlow:+19,064$ETH(+$47.83M)🟢#Blackrock(iShares)inflows19,691$ETH($49.4M)andcurrentlyholds…pic.twitter.com/XiCY3FrPtW —Lookonchain(@lookonchain)November1,2024 BitcoinETFs:StrongInflowsMarkPositiveMomentum Thereportdisclosedthatamongthe10mainBitcoinETFs,theoverallnumberhasanetinflowof1,115BTCwithavalueofroughly$77,620,000.SuchapositivechangeindicatesthatmoreinvestorattentionisshiftingbacktowardsBitcoinETFsduetoconstantvolatilemarkets.ItiscrucialtomentionthatthetoprealizedgrossamountwasachievedbytheiSharesbyBlackRockwithaninflowof4,528BTC,or$315,170,000.TheseassetsboostediShares’totalinvestmentsto433,713BTCequivalenttoabout$30.19billion. SameaswithotherkindsofBitcoinETFs,thelattersawinflowsbuttheirnumberswerenotnearlyashigh.Forinstance,theARK21SharesBitcoinETFreceived1,338BTCovertheweek,whichbroughtthebalanceapositiveinflow.However,forexample,theFidelityWiseOriginBitcoinFundobserved1,071BTCnetoutflowwithin7days,whichimpliesthediversificationofinvestmentpatterns. EthereumETFs:NoticeableGrowthinInflows ItalsonotedtheinflowstotheEthereumETFmarket.NinemajorEthereumETFswitnessedacollectivenetinflowof19,064ETH,whichintoday’svalueofaround47,830,140USD.Similarly,BlackRock’siSharesEthereumETFcanbedistinguishedbytheinflowof19,691ETH,or$49.4million.Thisedgedupitsholdingsto466,275ETH,or$1.17billionintotalvalue.TheEthereumbasedtrustoperatedbyGrayscalerecordedaminoroutflowof100ETHinthelastonedaybutcurrentlycontrolsahugeamountof1.59millionETHs.TheFidelityEthereumfundwasperformingsmoothlyandevenbought4,000ETHduringtheweek. cryptonewsland.com

Assetmanagementcompany21ShareshasjoinedthelistoffirmsthathavefiledapplicationswiththeUSSecuritiesandExchangeCommission(SEC)foraspotXRPexchange-tradedfund(ETF). OnNov.1,21SharessubmittedanS-1formtoregisteritsCoreXRPTrustsharesforlistingontheCboeBZXExchange.Coinbase,thelargestcryptoexchangeintheUS,wouldserveasthefund’scustodian. Earlierthisyear,21SharessuccessfullylaunchedspotBitcoinandEthereumETFsfollowingSECapproval,includingitsBitcoinETF(ARKB),developedinpartnershipwithArkInvest.ARKBhassinceattracted$2.6billioninnetinflows,whileitsEthereumETF(CETH)hasgained$21.8million. CoreXRPTrust TheCoreXRPTrustoperatesasapassiveinvestmentvehicle.ItsgoalistotrackthepriceofXRPwithoutattemptingtogenerateadditionalreturnsbybuyingorsellingXRPbasedonmarkettrends.TheTrustwillnotuseleverage,derivatives,orsimilarstrategiesforitsassets. Instead,itaimstomirrortheperformanceoftheCMECFRipple-DollarReferenceRateafterfactoringinexpensesandotherliabilities.CFBenchmarksLtd.calculatesthisbenchmark. 21SharesalsoclarifiedthattheTrustdoesnotofferdirectexposuretoXRP.RatherthanadirectinvestmentinXRP,theTrustallowsinvestorsindirectaccesstoXRP’smarketthroughatraditionalbrokerageaccount,reducingthebarriersandriskstypicallyassociatedwithholdingortransferringXRPdirectlyorpurchasingitfromanXRPspotmarket. XRPETF Meanwhile,thechancesofanXRPETFapprovalareslim,consideringtheSEChasyettoapproveanyspotXRPETFs. ThisuncertaintystemsfromtheSEC’songoinglegalbattlewithRippleLabs,thecompanybehindXRP.Since2020,thefinancialregulatorallegedthatRippleraised$1.3billionthroughunregisteredXRPsales. However,a2023judgmentruledthatXRPwasnotasecuritywhensoldprogrammaticallyonexchanges,butthecaseremainsunderappeal. Despitethelegalhurdles,RippleCEOBradGarlinghouserecentlyexpressedoptimismthattheSECwilleventuallyapproveanXRPETF,givenitsrecentapprovalsforBitcoinandEthereumETFs. Otherassetmanagers,includingCanaryCapitalandBitwise,arealsopursuingapprovalfortheirspotXRPETFs,signalingstronginstitutionalinterestinexpandingXRPinvestmentoptionsdespiteregulatoryuncertainty. cryptoslate.com

TheDepartmentofJusticehasindictedAlekseiAndriunin,founderandCEOofcryptofinancialservicesfirmGotbit,onchargesofwirefraudandconspiracytocommitmarketmanipulation. Andriunin,aRussiannationalresidinginPortugal,allegedlyorchestratedaschemetoartificiallyinflatetradingvolumesforclientcryptocompanies,includingseveralbasedintheUS.HewasarrestedonOct.16. Theindictment,filedintheDistrictofMassachusetts,alsochargesGotbitandtwoofitsdirectors,QawiJaliliandFedorKedrov,whowerenamedinapreviousindictmentunsealedearlierthismonth. ProsecutorsallegethatGotbit,whichmarketeditselfasa“memecoinmarketmaker,”used“washtrading”techniquesfrom2018through2024tomanipulatemarketactivity,enablingcryptocurrenciestosecurelistingsonplatformslikeCoinMarketCapandmajorexchanges. Memecoins,oftenbasedoninternetmemes,canquicklyriseinvaluebuttendtoexperiencesharpdeclines,atrendthatGotbitallegedlyexploitedtoattractnewclients. CourtdocumentsclaimthatAndriunindevelopedsoftwarespecificallydesignedtocarryoutwashtrades,creatingmisleadingtradingactivitytodeceiveinvestorsandexchanges.TheindictmentalsoallegesthatGotbit’semployeesmarketedtheseservicestoclients,highlightingtheirmethodsforevadingdetectiononpublicblockchains. Gotbitreportedlyfacilitatedmillionsofdollarsinwashtradesandearnedtensofmillionsfromthesepractices,withAndriuninallegedlytransferringsignificantsumsintohispersonalBinanceaccount. ThechargesalsohighlightGotbit’sroleintargetingmemecoininvestorsthroughwhatprosecutorsdescribeas“pumpanddump”schemes.Theseschemesinvolvedinflatingatoken’stradingvolumetodrawininvestorsbeforesellingoffholdingsataprofit,oftenleavinginvestorsataloss. ProsecutorscitedOperationTokenMirrors,aDOJinvestigationthatinvolvedcreatingafakedigitaltokentoobservemanipulationtactics,aspartoftheevidencegatheredinthecase. Ifconvicted,Andriunincouldfaceupto20yearsinprisonforwirefraud,inadditiontofines,restitution,andforfeiture.Theconspiracychargecarriesamaximumsentenceoffiveyears.SentencingwouldbedeterminedbyafederaljudgebasedontheU.S.SentencingGuidelines. cryptoslate.com

HayesviewstheFederalReserve’sratedecisionasmoreinfluentialondigitalassetsthantheupcomingUSelectionoutcome. KeyTakeaways HayessuggestsSolanacouldbeastrongplayamidelectionvolatility,potentiallyoutperformingBitcoininbullishtrends. TheFederalReserve\'smonetarypolicyisexpectedtohaveamoresignificantimpactondigitalassetsthantheUSelectionoutcomes. ArthurHayes,co-founderofBitMEXandCIOatMaelstrom,favorsSolanaaheadoftheUSelections,describingitasa“highbetaBitcoin”duringanappearanceontheUnchainedpodcast. Withtheelectionsjustdaysaway,HayesexplainedthatSolanaisagoodbetbecauseitishighlyliquidandlikelytojumpifBitcoinperformswell. Additionally,Hayesassertedthat,inthelongrun,itdoesn’tmatterwhowinstheUSelection,astheoverarchinginfluenceondigitalassetswillbetheFED’sdecisiononwhethertocutratesonNovember7. “ThebiggerpictureremainsfocusedontheFederalReserve’smonetarypolicyratherthantheimmediateoutcomesoftheelections,”heexplained. HayesalsoremarkedthathefavorsSolanaoverETH,describingEthereumas‘tooslow’rightnowandinneedofanarrativeshifttochangepeople’smindsetaboutitspoorperformanceinrecentmonths. HenotedthatSolanacurrentlyhasthe‘mindshare,’movesquickly,andwilllikelyoutperformBitcoinwhenthemarketpumps,whereasEthereumis‘equalbeta’toBitcoin,orperhapsevenabitlower. Duringthepodcast,HayespointedoutthatSolana’simpressiverisefromaroundsevendollarstooveronehundredandeightydollars,particularlypost-FTXcollapse,underscoresitsabilitytogainandholdvaluerapidly. Hayesalsotoucheduponregulatoryaspects,cautioningthatsignificantimprovementsincryptoregulationsareunlikely,irrespectiveofpoliticalchanges. Hisadvicetoinvestorsandtradersistofocusmoreonmarketfundamentalsratherthanpoliticaldevelopments,whichoftenhavetransientimpactsonmarketdynamics. ThesessionwrappedupwithHayesemphasizingthestrategicimportanceofselectinghigh-betaassetslikeSolanaduringtimesofpredictedmonetaryeasing. cryptobriefing.com

AccordingtocybersecurityfirmPeckShieldAlert,thecryptocurrencyspacefacedapproximately20hackingincidentsinOctober2024,withtotallossesreachingaround$88.47million. Fivesignificantbreachesaccountedformostofthelosses,withRadiantCapitalexperiencingthelargestsetback. TheTopOctoberCryptoHacks ThefirmrevealedthatamongthetopfiveincidentsinOctoberwastheRadiantCapitalexploit,wheremillionsincryptoassetswerebridgedtoEthereum.Additionally,awalletlikelycontrolledbytheU.S.governmentwascompromised,resultingina$20millionloss. TheRadiantCapitalepisodehappenedonOctober17,withblockchainsecurityfirmAnciliaInc.issuinganalertforsuspiciousactivityontheprotocol’ssmartcontractontheBNBChain.Severalon-chainsecurityexpertsgavedifferentestimationsoftheloss,withSpotonChaingivingafinalassessmentof$53million. Thiswastheplatform’ssecondbreachthisyear;inJanuary2024,itsuffereda$4.5millionlossduetoaseparatevulnerabilityinitssmartcontracts. CryptoPotatoreportedthehigh-profileincidentonOctober24wherecriminalscompromisedacryptocurrencywalletlikelycontrolledbytheU.S.government.Thewalletheldassetsseizedinthe2016Bitfinexhackandwasdrainedof$20million.However,theunknownattackerlaterreturnedabout$19.3milliontothebreachedwallet. ArkhamIntelligencehadtracedthefunds’movementtoanaddressbeginningwith“0x348,”whichcontainedcryptocurrenciessuchasUSDCoin(USDC),Tether(USDT),andEthereum(ETH). InthecaseofEigenLayer,$5.7millionwasstolenandthenlaunderedthroughtheHitBTCandBybitexchanges.TheexploitwasexecutedonOctober4,afterwhichtheproject’steamannounceditwasinvestigating“unapprovedsellingactivity”fromanow-flaggedwalletaddress. MoreIncidents Elsewhere,theTapiocaFoundation,adecentralizedfinanceplatformontheBNBChain,lost$4.7millioninasocialengineeringattack.Inthatoccurrence,hackersusedacompromisedkeytogaincontroloftheproject’stokenvestingcontract,allowingthemtomintaninfiniteamountofUSDOtokens. Theythendrained$3millionfromtheUSDO/USDCliquiditypoolonUniswap.Afterhackingtheexploiter,thefoundationlaterrecoveredapproximately1,000ETH,valuedatover$2.7million. Anotherdecentralizedprotocol,SunrayFinance,had$2.86millionstolenafteramalicioussmartcontractontheArbitrumchainwasupgradedinasingletransaction.TheattackerusedtheAcrossbridgetofundtheirinitialwallet,minted200trillionSUNtokens,andswappedthemforUSDT.ThisleadstotheSUNtoken’svaluecollapsingtozero. cryptopotato.com

BlockchaininfrastructureserviceproviderConsenSyshasfiledanotherresponseovertheclaimsfromtheUSSecuritiesandExchangeCommission(SEC)thatMetaMaskisviolatingFederallawsoveritsproductofferings.TheJoeLubin-ledfirmrevealedthattheclaimsarenotwhatdemandsadvocacyasageneralmatter.Thefirmrevealeditspositiononthematter,highlightingconfidenceinitsproduct.

StablecoingiantTetherHoldingsLtdisexpandingitsreachontheTONNetworkandtheMiddleEast.AsdisclosedrecentlyattheTONGatewayeventinDubai,Tether’sSeniorStrategicPartnershipManagerAlessandroGioriconfirmedtheDirham-backedUSDTwillgoliveontheprotocol.

Thecryptomarkethaswitnessedabearishturnaroundsincemid-weekasBitcoin’spricebreaksbelowthe$70,000floor.TherenewedsellingpressurecanbeattributedtomarketuncertaintyfollowingtheupcomingresultoftheU.S.election.Whilethealtcoinmarketallowsthebearishmomentum,theBNBpriceanalysisshowsthepotentialforsharpresultsamidthecompletionofthe29thQuarterlyBurnandreversalpattern. Similarnews(1) Addsimilarnews IsBNBReadytoRally?FoundationFinalizes$1BQuarterlyBNBBurn thecoinrepublic.com 45m Addsimilarnews Sendusalinktoasimilarnewsstoryonanothersource. Link Whydoweneedit Thecitationrateofanewsitemindicatesitsimportanceandsignificance.Thenumberofmentionsindifferentsourcesallowsyoutolookataneventfromdifferentangles. Pleasehelpusimprovetheapplication.Ifwehavepublishednewsandyouhavefoundasimilaroneinanothersource,sendusalinktoit. Send