According to data from Bloomberg, the total U.S. public debt has reached an unprecedented level of $35.75 trillion as of October 15, 2024. This marks a new all-time high, intensifying discussions around the sustainability of the country's fiscal policies.The surge in debt reflects ongoing economic challenges, including government spending to address inflation, interest rate hikes, and funding of various programs. As debt levels continue to rise, economists and policymakers are raising concerns about the long-term implications for economic stability and interest rate pressures.The escalating U.S. debt has also sparked debates on how this could impact global markets and the U.S. dollar's position as a reserve currency. 

According to Odaily, Lin Chen, Deribit's Head of Business for the Asia-Pacific region, announced on X that the largest BTC options trade today involved a user selling 500 BTC call options with a strike price of $100,000, set to expire at the end of June next year. Analysts suggest that the user likely holds a significant amount of BTC in spot holdings and is selling these long-term, high-strike call options to generate income. The strategy would be profitable if the BTC price remains below $145,000 at the time of settlement.

Fuel is an optimistic rollup L2 on Ethereum. It launched 4 years ago. This Fuel V1 was also the first stage 2 optimistic rollup on Ethereum. Time flies when you’re having fun. Now it’s time for an upgrade. Hence, Fuel launched Fuel Ignition. Like other L2s, it’s fast and offers cheap transactions. Their very own […] source: https://www.altcoinbuzz.io/product-release/fuel-ignition-a-powerful-new-ethereum-l2-goes-live/

Bitget announced that it will launch Scroll (SCR) in the Innovation Zone, Zk Zone and Layer2 Zone. The deposit channel is now open, and the trading channel will be open at 18:00 (UTC+8) on October 22. In addition, Bitget pre-market trading has launched Scroll (SCR) at 17:00 on September 20. As of the time of posting, the latest transaction price of pre-market trading is $1.38.

Gate.io Startup new coin mining will start CYRUS mining from 14:00 on October 15, 2024 to 14:00 on October 22 (UTC+8), supporting users to pledge USDT or GT to participate in mining. Staking USDT can enjoy up to 54.65% expected annualized return, with a total amount of 20,000,000 CYRUS. The Cyrus project reduces carbon emissions by producing renewable electricity and creates personal health and environmental value through exercise. It participates in electricity production and rewards users with blockchain technology. It is understood that Gate.io Startup new coin mining is a staking product of the platform Startup series. Users can obtain token pool rewards by staking designated tokens. The mining service has the characteristics of low threshold, high annualized return, flexible staking, and hourly reward distribution. It can also achieve multiple mining of one coin by holding GT and obtain multiple benefits.

OKX Web3 Wallet is now connected to the Gravity chain mainnet. Gravity provides a more efficient, scalable and secure way to manage complex cross-chain interactions. Users can manage Gravity chain assets and interact with DApps in the OKX Web3 Wallet, and can view Gravity chain interactions and other data in the OKX Explorer. OKX Web3 Wallet is the industry's leading one-stop Web3 portal, which now supports more than 100 popular public chains, and is unified in four terminals: App, plug-in, web page, and Telegram Mini wallet.

Binance Finance, One-Click Coin Buying, Flash Exchange, Leverage and Fixed Investment will launch Lumia (LUMIA) according to the timeline listed below. The LUMIA principal-guaranteed earning current product will be launched on Binance’s principal-guaranteed earning platform and open for subscription at 17:00 (ET on October 18, 2024); starting from 18:00 (ET on October 21, 2024), users can purchase LUMIA through any payment method supported by Binance Fixed Investment. Users can purchase LUMIA using credit/debit cards, Google Pay, Apple Pay, or use wallet balance to buy/sell LUMIA through the “One-Click Coin Buying” page. LUMIA can be traded with one-click buying within one hour of Binance spot listing. LUMIA users can convert LUMIA into BTC, USDT or other tokens supported by the Flash Exchange within one hour of Binance spot listing, and the conversion is free of handling fees. CoinSafe and Isolated Margin Trading will add LUMIA as a new borrowable asset at 19:00 (ET) on October 18, 2024, as well as LUMIA/USDT full-margin and isolated margin trading pairs.

Ripple faces SEC appeal targeting personal sales by Garlinghouse and Larsen, claiming securities law breaches. source: https://cryptopotato.com/sec-provides-details-with-last-minute-appeal-in-ripple-xrp-ruling/

Ripple’s chief legal officer, Stuart Alderoty, emphasized that the SEC’s Form C doesn’t appeal the ruling that XRP is not a security. source: https://cointelegraph.com/news/sec-ripple-appeal-no-challenge-xrp-not-a-security?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Lin Chen, head of Asia-Pacific business at Deribit, said in a post on X that the largest BTC option transaction today was a user selling a $100,000 call option for BTC at the end of June next year, totaling 500 BTC. Analysts believe that the user is estimated to hold a lot of BTC spot and earn profits by selling ultra-long-term inflated call options. If the price is lower than $145,000 at the time of delivery, it will be profitable.

At Trump’s Pennsylvania campaign, Elon Musk was asked if he'd lead a “Department of Government Efficiency.” He replied, “Yeah, Doge,” causing Dogecoin to surge over 10% to $0.1344, sparking speculation about whether it was coincidence or a strategic move.

近年来，美国国债的快速增长引发了金融市场的广泛关注。美银 CEO Brian Moynihan 再次发出警告，敦促美国政府正视其债务问题，以避免失去全球经济的主导地位。

A British software engineer is ready to get into a legal battle with Newport City Council for refusing to let him dig up a landfill where he lost his hard drive.

U.S. Treasury-like assets, programmable collateral, and pledge yields become benchmark interest rates; ETH is paving the way for a new hybrid asset and making it stand out from all other crypto assets except BTC.

In the final months of 2024, global oil markets are confronting a complex and volatile landscape. Despite the Organization of Petroleum Exporting Countries (OPEC) efforts to manage output, an oversupply in several key regions is becoming increasingly apparent. Analysts are issuing bold estimates for how this oversupply could shape the market as the year comes to a close, with potentially far-reaching implications for both producers and consumers.

China's economy has been grappling with a sharp deceleration in growth, and the latest data has reinforced the need for immediate intervention. The third quarter of 2024 saw the slowest economic expansion in six quarters, with GDP growth at 4.6% year-over-year. This brings overall growth for the first nine months of 2024 to 4.8%, teetering on the lower end of the government’s annual target of around 5%.

A groundbreaking development in diabetes treatment could soon make managing blood sugar levels far easier for millions of people worldwide. Scientists have designed a new form of insulin that automatically activates or deactivates based on glucose levels in the blood, effectively lowering blood sugar while preventing dangerous drops. This ‘smart’ insulin, named NNC2215, has shown remarkable success in animal studies, marking a significant step forward in diabetes care.

Amazon Web Services (AWS) is making a bold move into the nuclear energy sector with plans to invest over $500 million across three new projects in Virginia and Washington state. As AWS expands its cloud computing services and its focus on generative AI, the demand for clean, reliable energy is becoming paramount. Nuclear power, with its carbon-free output, is a key part of Amazon’s broader goal of achieving net-zero carbon emissions.

After years of anticipation and countless user requests, Amazon is finally delivering what Kindle users have long asked for: a color e-reader. The company announced the launch of the Kindle Colorsoft Signature Edition at an event in New York City on Tuesday, marking a major leap forward for its iconic reading device. Priced at $279.99, the Colorsoft is now available for preorder, with shipments set to begin on October 30th.

In January 2024, hacker Eric Council Jr. used a SIM swapping technique to hijack the SEC's X account and post a fake Bitcoin ETF approval, causing wild price swings in Bitcoin. He was arrested in October 2024 and charged with identity theft and fraud.