Daily Report | Over 20 Nobel Prize winners jointly support Harris; Musk increases support for Trump, adding a donation of $44 million; Ripple has submitted Form C, appealing the SEC's ruling on XRP institutional sales
October 25 News OverviewOrganizer: Luan Peng, ChainCatcher
Important News:
- Over 20 Nobel Prize winners jointly support Harris
- Decentralized social platform Bluesky completes $15 million Series A funding, led by Blockchain Capital
- GRASS airdrop will take place on October 28
- U.S. government address attacker converts part of stolen funds to ETH, then transfers to Binance and two new addresses
- Musk increases support for Trump with an additional $44 million donation
- Argentinian regulators conduct first on-site inspection of cryptocurrency companies
"What important events happened in the past 24 hours"
Over 20 Nobel Prize winners jointly support Harris
According to Jinshi, 23 scholars who have won the Nobel Prize in Economics published a letter on October 23, U.S. time, jointly supporting Democratic presidential candidate Harris and criticizing her Republican rival Trump's economic plan, particularly his proposal for increased tariffs.
However, it should be noted that since October, Trump's approval ratings have shown an upward trend. Polling data indicates that the gap in support between Trump and Harris is narrowing.
Notably, Boivin, managing director of the research department at the world's largest asset management firm BlackRock, stated that the market is underestimating the risk of one of the candidates in the U.S. presidential election questioning the results of next month's election, which could lead to "weeks of legal disputes" and impact financial markets.
According to Decrypt, decentralized social platform Bluesky announced the completion of a $15 million Series A funding round, led by Blockchain Capital, with participation from SevenX, True Ventures, and Alumni Ventures.
Bluesky stated that it will not "over-financialize" Bluesky's "social experience" by integrating cryptocurrency tokens, NFTs, or other blockchain-based technologies into its platform at this time.
According to RootData, Bluesky is building the AT Protocol, a new foundation for social networks that allows creators to be independent of the platform, developers to innovate freely, and users to make choices in their experiences. The project was initiated by the founder of Twitter.
GRASS airdrop will take place on October 28
The Grass Foundation announced on X that the GRASS airdrop will take place on October 28 at 13:30 (UTC). Users must have obtained 500+ points before October 14 at 20:00 (UTC) and linked their wallets on the Grass dashboard to qualify for the airdrop.
According to @ai_9684xtpa's monitoring, after the U.S. government's stolen funds were transferred to an address starting with 0x348, part of the stablecoins was exchanged for 2,709 ETH (approximately $6.08 million).
The exchanged ETH has been distributed to Binance and two new addresses, while the hacker's wallet still holds $13.2 million worth of AUSDC.
Musk increases support for Trump with an additional $44 million donation
According to Jinshi, the America PAC disclosed that Elon Musk donated approximately $44 million to support Trump's team in the first half of October, increasing his support for Trump.
Previous reports indicated that Musk donated about $75 million to the organization over the three months from July to September.
Additionally, according to another document submitted to the Federal Election Commission, Trump's campaign team reported that in the first half of this month, it spent over $88 million on advertising and had $36 million in the bank for the final stages of the campaign. During this period, Trump's campaign team raised $16 million.
Argentinian regulators conduct first on-site inspection of cryptocurrency companies
According to Portal Do Bitcoin, Argentina's Financial Information Unit (UIF) and the Securities Commission (CNV) conducted their first on-site supervision of a Bitcoin and cryptocurrency exchange to identify risks of money laundering, terrorist financing, and financing of weapons of mass destruction.
This inspection is part of UIF's 2024 annual regulatory plan and took place at an undisclosed exchange in Rosario, Santa Fe Province. According to Resolution No. 49/2024, virtual asset service providers must report to UIF and register with CNV. This move comes as Argentina increases vigilance against cryptocurrency-related scams, with reports of unregistered platforms allegedly involved in fraud.
Insiders: Kraken to hire Tribe Capital co-founder Arjun Sethi as co-CEO
According to two insiders, Arjun Sethi, co-founder of venture capital firm Tribe Capital, is expected to be appointed as co-CEO of cryptocurrency exchange Kraken, working alongside current CEO Dave Ripley.
Sethi first invested in Kraken in 2019 and joined its board in 2021. According to one insider, even while taking on this new role at Kraken, Sethi will retain his position as chairman and chief investment officer of Tribe Capital.
Yesterday, Kraken announced plans to launch an L2 blockchain called Ink early next year.
Previous news indicated that on December 11, 2023, Arjun Sethi, CEO of venture capital firm Tribe Capital, stepped down, with Boris Revsin succeeding him, while Arjun Sethi will serve as chairman and chief investment officer of Tribe Capital.
Musk ignores DOJ warning and issues two $1 million prizes to voters
According to Jinshi, on Thursday, Elon Musk's super PAC awarded two $1 million prizes to registered voters in Michigan and Wisconsin, ignoring a previous warning from the DOJ that these prizes could be illegal.
The pro-Trump super PAC stated on Wednesday that the DOJ had sent a letter to the organization warning that its "daily" lottery could violate federal election laws, which prohibit paying voters to register. Musk launched this lottery last Saturday, with the super PAC announcing a winner each day until Wednesday.
Deribit options pricing: Bitcoin has a 9.58% chance of rising above $100,000 by year-end
According to CoinDesk, the current pricing of BTC options trading on Deribit indicates a 9.58% chance that the price will rise above $100,000 by December 27.
Data: USDC Treasury burns 61.02 million USDC on Ethereum blockchain
According to Whale Alert's monitoring, around 17:00 Beijing time today, the USDC Treasury burned approximately 61.02 million USDC on the Ethereum blockchain.
Binance adjusts leverage and margin tiers for multiple U-based perpetual contracts including ICPUSDT
According to the official announcement, Binance has updated the leverage and margin tiers for U-based perpetual contracts including ICPUSDT, 1INCHUSDT, DARUSDT, ROSEUSDT, EGLDUSDT, RSRUSDT, and SSVUSDT as of October 25, 2024, at 08:30 (UTC). Please note: current user positions will not be affected.
Ripple has submitted Form C, appealing the SEC's ruling on XRP institutional sales
According to Cointelegraph, Ripple Labs has submitted Form C to the U.S. Second Circuit Court of Appeals, appealing a recent ruling by the U.S. Securities and Exchange Commission (SEC). Ripple's Chief Legal Officer Stuart Alderoty confirmed this in a post on October 25, adding that "the SEC cannot submit new evidence or request Ripple to provide more evidence."
This submission follows a ruling made in August by the Southern District of New York federal court, which imposed a $125 million fine on Ripple for its institutional XRP sales and determined that these sales constituted securities transactions.
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Kraken is also launching Layer 2, a quick look at its DeFi dedicated chain Ink
Ink is Kraken's L2 blockchain based on the Optimism Superchain. As a natural evolution of our mission, Ink will become a seamless bridge to DeFi, enabling users to confidently and easily make on-chain payments.
Going on-chain can feel complex and intimidating. As a single, integrated ecosystem, Ink simplifies user interactions with top DeFi applications, protocols, and communities. All of this is driven by one goal: to make it easier for people to access exciting new opportunities on-chain.
Ink is built on the open-source, MIT-licensed OP Stack codebase from Optimism, joining the broader Ethereum ecosystem. In addition to benefiting from the security of Ethereum (the world's largest blockchain platform), Ink will also be part of the superchain. This unified blockchain network shares security, governance, and values, adopting a common standard codebase to help scale Ethereum.
The value of L1 tokens is more akin to sovereign assets, existing at a premium due to being "productive assets"; DApp and L2 tokens resemble equity assets, seeming to have no more value beyond generating cash flow.
Binance achieves a million "small goals" in trading volume, Richard still looks to the big future
Trading is undoubtedly the main narrative of the crypto industry, with major users and funds revolving around this core. Currently, the leading trading platforms in the industry have achieved trading volumes of up to trillions of dollars. Recent data from CCData shows that Binance's cumulative spot and derivatives trading volume has surpassed $100 trillion, a figure that far exceeds other mainstream exchanges, firmly establishing Binance at the top of the global crypto exchange market. This not only reflects Binance's strength but also indicates the rapid development and increasing recognition of the crypto industry.
With investment from Binance Labs, will Moonwalk spark the next wave of fitness trends?
Following the popularity of StepN, health and fitness Web3 applications are emerging one after another; however, few projects have been able to surpass StepN's success, mainly due to a lack of innovation in most applications.
In this context, Moonwalk recently announced it has secured $3.4 million in seed funding led by Hack VC, with other investors including Binance Labs, Reciprocal Ventures, and Solana co-founder Raj Gokal. Will it have unique features and create a fitness trend like StepN?
To this end, Odaily Planet Daily elaborates on Moonwalk's basic gameplay and future token expectations.
A comprehensive review of crypto VC investment levels: Who are the real winners?
Animoca Brands and a16z stand out as the only companies that have repeatedly led these high-return deals.
