Vitalik Donates to Legal Defense Fund; Coinbase Appeals Against SEC

Headlines

▌Vitalik Buterin Donates 100 ETH to Roman Storm Legal Defense Fund

Ethereum co-founder Vitalik Buterin donated 100 ETH, worth about $240,000, to the legal defense fund of Roman Storm, a Tornado Cash developer accused of money laundering. This is the third time Vitalik has supported the fund, which has now raised more than 327 ETH. A U.S. judge rejected Storm's motion to dismiss the case and the case will proceed. Storm denies the charges and faces up to 45 years in prison if convicted. Despite facing sanctions, Tornado Cash still had deposits of about $1.9 billion in the first half of 2024.

▌Coinbase applies for early appeal to respond to new SEC moves

Coinbase asked the judge for permission to appeal its lawsuit against the SEC in advance because the SEC recently appealed the ruling in the Ripple case. Coinbase hopes to ensure that the Second Circuit Court has a comprehensive understanding of the case by submitting an appeal at the same time. The exchange hopes to review the applicability of the "Howey test" in digital assets, which is the traditional standard for determining securities. Although the SEC has requested to dismiss Coinbase's appeal, the judge has not yet ruled on it. Industry experts say the SEC's appeal in the Ripple case strengthens Coinbase's argument and believes it is a wise move.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $62,116.72, with a daily increase or decrease of +0.2%;

ETH's latest transaction price is $2,421.08, with a daily increase or decrease of +0.2%;

BNB's latest transaction price is $565.08, with a daily increase or decrease of +1.7%；

SOL's latest transaction price is 143.30 US dollars, and the intraday increase or decrease is +0.1%；

DOGE's latest transaction price is 0.11 yuan, and the intraday increase or decrease is +0.7%；

XPR's latest transaction price is 0.5326 US dollars, and the intraday increase or decrease is +0.1%.

Policy

▌Musk created PAC to support Trump

Musk announced the PAC (Political Action Committee) he created on the X platform to support Trump's election as US President.

Blockchain Application

▌Bitcoin Core 28.0 version has been officially released

Bitcoin Core 28.0 version has been officially released. This update introduces many new features, bug fixes and performance improvements.

▌Lamborghini partners with Animoca Brands to bring its sports cars to the Metaverse platform

Lamborghini, in partnership with Animoca Brands, plans to bring its iconic sports cars to the upcoming Metaverse platform "Fast ForWorld". Players will be able to own and trade these digital Lamborghini sports cars across multiple gaming platforms, with the first assets set to go live in November.

▌Ubisoft to launch Arbitrum-based NFT collection on Magic Eden

Ubisoft will launch the Arbitrum-based "Niji Warrior ID Cards" NFT collection on the Magic Eden marketplace for its upcoming multiplayer shooter Captain Laserhawk: The G.A.M.E. NFTs will reflect player activity and provide game governance features.

Cryptocurrency

▌Spot On Chain X account suspected to be stolen, released EIGEN airdrop phishing link

On October 6, the official Twitter account of data analysis agency Spot On Chain was suspected to be stolen, and released a fake EIGEN airdrop phishing link, while closing the tweet comment area. As of the time of posting, the tweet has been viewed 628,000 times.

▌USDC Treasury minted 50 million USDC

According to the on-chain data tracking service Whale Alert, USDC Treasury minted 50,000,000 USDC at around 01:09 Beijing time today.

▌7171 BTC flowed out of exchange wallets in the past 24 hours

According to the latest data, 7171.08 BTC flowed out of exchange wallets in the past 24 hours, 1503.12 BTC flowed into exchange wallets in the past 7 days, and 41053.33 BTC flowed out of exchange wallets in the past 30 days. As of press time, the total balance of exchange wallets is 2,342,226.02 BTC.

▌EigenLayer Stakedrop 2 is now available

The collection of EigenLayer Stakedrop 2 has officially begun, and all EIGEN collected will be distributed 100% to users. Eligible users can claim the reward at any time before December 1, 2024.

Important Economic Dynamics

▌Societe Generale: Labor market is hot, Fed expected to cut interest rates by 25bp in November

Societe Generale said that the US labor market report that exceeded market consensus firmly pushed the Fed to cut interest rates by 25 basis points in November instead of 50 basis points. Next week's CPI report may not change this view, as the decline in the overall inflation rate should be driven entirely by fuel prices, while the core inflation rate is expected to remain high.

Golden Encyclopedia

▌What is Algorithm of Thought (AoT)?

Algorithm of Thought (AoT) is a breakthrough approach in the field of artificial intelligence (AI) that revolutionizes the way AI models think and reason. Developed by Microsoft Research, AoT introduces a new paradigm for large language models (LLMs) to enhance reasoning capabilities to solve complex problems. It aims to combine the best of both worlds: a nuanced and intuitive understanding of the human thought process with a structured and systematic algorithmic approach.

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