Tesla's stock price surged 22% Google: Will enhance transparency of AI editing

Headline

▌Tesla's stock price surged 22%, Musk's wealth surged by more than $26 billion overnight

On Thursday (October 24th), Eastern Time, Tesla's stock price hit its best performance in 11 years, and the company's CEO and the world's richest man Musk's wealth also increased by more than $26 billion. Tesla's stock price rose 21.92% on Thursday to $260.48 per share, setting the best single-day increase since 2013, and its market value increased by about $150 billion. Thursday's increase of about 22% was also the company's second largest increase since its listing in 2010. According to the latest data from Forbes, Musk's current personal wealth is $269.8 billion (as of October 24), and he increased by $26.4 billion on Thursday, an increase of 10.83%.

▌Google: Will enhance the transparency of AI editing in Google Photos

Google said on its blog that in order to further improve transparency, Google is building ways to make it easier to detect how AI editing is used in Google Photos. Starting next week, Google Photos will indicate in the app when photos are edited using Google AI. Photos edited with tools such as Magic Editor, Magic Eraser, and Zoom Enhance already contain metadata based on the technical standards of the International Press Telecommunications Council (IPTC) to indicate that they were edited using generative artificial intelligence. Now, Google will go a step further and allow this information to be displayed in the photo app along with information such as file name, location, and backup status. In addition to indicating when an image is edited using generative AI, Google will also use IPTC metadata to indicate whether an image is composed of elements from different photos using non-generative features. This work is still in progress, and the company will continue to collect feedback and evaluate more solutions to enhance transparency about AI editing.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $68,215.30, with a daily increase or decrease of +2.5%;

ETH's latest transaction price is $2,536.62, with a daily increase or decrease of +0.7%;

BNB's latest transaction price is $594.40, with a daily increase or decrease of +1.8%；

SOL's latest transaction price is 177.17 US dollars, with a daily increase or decrease of +3.7%；

DOGE's latest transaction price is 0.142 yuan, with a daily increase or decrease of +1.5%；

XPR's latest transaction price is 0.5316 US dollars, with a daily increase or decrease of +1.1%。

Policy

▌The Pennsylvania House of Representatives passed a bipartisan bill to provide regulatory clarity for digital assets

According to a post by Fox Business reporter Eleanor Terrett on the X platform, the Pennsylvania House of Representatives passed a bipartisan bill to provide regulatory clarity for digital assets, a move that comes amid heightened uncertainty over cryptocurrency regulation at the federal level. The bill passed with a majority of 176 to 26 votes, including support from 76 Democrats and all 100 Republicans.

▌The U.S. SEC requested an extension of the deadline for filing the main brief in the Ripple case to January 15, 2025

A document shared by attorney James K. Filan on the X platform shows that the U.S. SEC requested an extension of the deadline for filing the main brief in the Ripple case to January 15, 2025.

▌The US government address once again transferred $20 million of Bitfinex hacker-seized funds to a new address

According to Arkham monitoring data, the US government address once again transferred $20 million worth of Bitfinex hacker-seized tokens to a new address, including ETH/USDT, etc.

Blockchain Applications

▌DeFi protocol Synthetix V3 expands to Arbitrum

DeFi protocol Synthetix V3 is expanding to Arbitrum, "representing a big step towards multi-chain."  

The team said: “With this launch, Synthetix will provide high-performance perpetual contract trading to Arbitrum users, building on its proven success on Optimism and Base, where it has facilitated over $50 billion in trading volume. Perpetual contract market Kwenta has partnered with Synthetix to be the first to launch Synthetix V3 on Arbitrum.”

▌Arbitrum developer Offchain Labs launches ‘Fast Withdrawals’ feature, reducing withdrawal deadlines from 7 days to 15 minutes

Offchain Labs, the original developer of Arbitrum, announced the launch of a new “Fast Withdrawals” feature, allowing selected Orbit chains and RaaS providers to achieve withdrawal finality within 15 minutes, compared to the usual wait time of up to 7 days.  

The team said: "After implementing fast withdrawals, the withdrawal time has been reduced by more than 90%, and the withdrawal process is extremely similar to withdrawing money from a bank account. Although not exactly the same, it is a substantial improvement over traditional blockchain standards, making it closer to the traditional TradFi fund transfer experience."

Cryptocurrency

▌Circle CEO: Stablecoins may account for 5%-10% of the global money supply in the next decade

Circle CEO Jeremy Allaire said that as the adoption of digital currencies continues to grow and become increasingly part of the global financial system, the stablecoin market may grow to $5 to $10 trillion in a decade.  

Allaire said he expects stablecoins to account for 5%-10% of the world's $100 trillion money supply in the next decade as the technology spreads in a similar way to Web2 innovations such as online video and online shopping. He said: "We are in the early stages of stablecoin adoption, but in the next ten or twenty years, this technology will become part of the global financial system." Standard Chartered Bank analysts predict that Bitcoin may exceed $73,000 on US election day. Standard Chartered Bank analyst Geoff Kendrick expects Bitcoin to break through its all-time high of $73,000 on the day of the U.S. presidential election. The prediction is based on an analysis of Bitcoin derivatives and trading volume. Kendrick said that if Donald Trump wins the election, option prices could rise by about 4%, and the total price could rise by 10% in the following days. In addition, open interest in Bitcoin call options expiring on December 27 shows an exercise price of $80,000, indicating that prices could quickly move toward this level.

▌Microsoft lists "Evaluation of Investing in Bitcoin" as a voting item for the December shareholder meeting

Microsoft's filing with the U.S. Securities and Exchange Commission (SEC) shows that the December 10 shareholder meeting will vote on "Evaluation of Investing in Bitcoin." The proposal was proposed by the conservative think tank National Center for Public Policy Research, but Microsoft's board of directors recommended that shareholders vote against it. The board deemed the proposal "unnecessary" and said that the company's management had After careful consideration of Bitcoin and other cryptocurrencies, we will continue to monitor relevant trends in the future to provide a basis for decision-making.

▌Fireblocks launches $1 million developer grant program to increase PYUSD adoption

Fireblocks, a digital asset management platform, announced the launch of a $1 million developer grant program to increase PYUSD adoption.  

Fireblocks' grant program incentivizes companies to build innovative blockchain-based products by providing grants to companies that hold PYUSD balances using the Fireblocks platform. Eligible individual projects will be eligible for up to $60,000 in program grants.  

Ran Goldi, senior vice president of payments and networks at Fireblocks, said in a statement: "Our pilot has demonstrated the transformative impact that PYUSD can have, and we look forward to seeing companies create real use cases that can fully leverage the advantages of stablecoins. ”

▌Solana network's daily fee revenue continues to hit a new high, about $8.7 million

Blockworks Research data shows that after setting a record high on October 22, Solana's fee revenue broke the record again, reaching nearly $8.7 million on October 23, and just under $8 million the day before. It is reported that this figure covers all sources of income, including basic fees, priority fees and tips. In July, Solana's total weekly fee revenue exceeded Ethereum for the first time, with weekly revenue of about $25 million, while Ethereum's weekly revenue was $21 million.

▌Bitcoin whale holdings hit a record high< /strong>

According to Cryptoquant data, Bitcoin whales currently hold about 670,000 Bitcoins, which is the highest value ever. This is undoubtedly an optimistic long-term signal.  

As can be seen from the chart, when whale holdings are at a high level, Bitcoin tends to show a sideways trend or a local mild decline. This accumulation phase can be described as the calm before the storm in the medium and long term.  

The real growth wave of Bitcoin begins when whales gradually reduce their holdings until the percentage change value of holdings becomes negative. Finally, if Bitcoin's historical high is not updated between the US presidential election and November 28 (+/- 21 days), it will indicate that there are serious problems in the current bull market cycle and things will get bad.

Important Economic Dynamics

▌The probability of the Fed cutting interest rates by 25BP in November is 96.3%

According to CME's "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points by November is 96.3%, and the probability of maintaining the current interest rate unchanged is 3.7%. The probability of maintaining the current interest rate unchanged by December is 1%, the probability of a cumulative interest rate cut of 25 basis points is 28.5%, and the probability of a cumulative interest rate cut of 50 basis points is 70.5%.

▌ECB Governing Council Member Mueller: The best policy option is to prudently cut interest rates

ECB Governing Council Member Mueller said that the best policy option is to prudently cut interest rates; he is not worried about falling behind the situation; he still believes that we will see a gradual recovery in the economy.

▌ECB Governing Council Member Wensch: We do not need to discuss a 50 basis point interest rate cut at this stage

ECB Governing Council Member Wensch said that we do not need to discuss a 50 basis point interest rate cut at this stage; there is currently no evidence to support our discussion of such a policy outlook; the European economy is weaker than we originally estimated; internal inflation is still very high; central bank policy depends on data.

Golden Encyclopedia

▌What is Dynamic Resharding

Dynamic resharding is a relatively new term that the marketing team of Near Protocol calls the "holy grail of sharding," but it also creates a new vocabulary that is not immediately understandable. Based on the concept of blockchain sharding, resharding occurs when the network adjusts the number of shards based on load. An overloaded shard can become two shards, and two underutilized shards can become one.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish correct investment concepts and be sure to increase risk awareness.