Daily Report | HKEX will launch a virtual asset index series; ai16z's market value once approached 100 million USD; Musk released Shiba Inu-related images in conjunction with the US election
October 28 News OverviewOrganizer: Fairy, ChainCatcher
Important News:
- Musk posts Shiba Inu-related images on X platform to coincide with the U.S. election
- Arthur Hayes: Family office holds large long positions in BTC, ETH, and other tokens
- Ethena Labs: No locked team or investor tokens were used to earn rewards through sENA
- Hong Kong Stock Exchange to launch virtual asset index series
- AI-driven venture capital fund ai16z's market value briefly nears $100 million after a16z partner's post gets likes
- Data: Japanese listed company Metaplanet increases its Bitcoin holdings by nearly 160 coins
"What important events occurred in the past 24 hours"
Ethena Labs: No locked team or investor tokens were used to earn rewards through sENA
Ethena officially responded to doubts on Discord and X, confirming that no locked team or investor tokens were staked to earn Ethereal rewards through sENA. The official statement indicated that any transferred ENA was unlocked according to the original schedule, and the tokens in the relevant wallets are unlocked foundation tokens, which will not participate in any Ethereal airdrops or related rewards.
Additionally, to enhance transparency, the total amount of future airdropped sENA will be displayed in the interface this week, excluding the currently undistributed sENA.
Arthur Hayes: Family office holds large long positions in BTC, ETH, and other tokens
According to CoinDesk, BitMEX founder Arthur Hayes stated, "Given the uncertainty of the U.S. election results, the family office Maelstrom has invested 5% of its fund in staked USDe (Ethena USD), which can earn about 13% returns. We maintain large long positions in Bitcoin, Ethereum, and other tokens."
Hayes added that the fund will deploy all sUSDe into cryptocurrency once the U.S. election results are clear and the losing side accepts defeat. Hayes joked that who the winner is does not matter in the short term.
CoinShares: Last week, net inflows into digital asset investment products exceeded $900 million, with Ethereum seeing a net outflow of $35 million
According to CoinShares' latest weekly report, last week saw net inflows of $901 million into digital asset investment products, accounting for 12% of total AUM this month, making it the fourth largest month for inflows. The total inflow for this year is currently $27 billion, more than double the $10.5 billion inflow in 2021.
Bitcoin saw inflows of $920 million, while Ethereum experienced outflows of $35 million; Solana and blockchain stocks saw inflows of $10.8 million and $12.2 million, respectively.
"Fed Mouthpiece": New inflation risks may arise after the U.S. election
According to Jinshi, "Fed mouthpiece" Nick Timiraos stated that the Federal Reserve's two-and-a-half-year battle against inflation seems to have succeeded, but the U.S. election may change this situation. Both candidates support policies that promote economic growth, which could prevent inflation from declining further. However, economists and even conservative advisors are concerned that Trump-supported views are particularly likely to ignite inflationary sparks. This includes his proposals for comprehensive tariffs on imported goods, expelling workers, and relying on the Fed to lower interest rates.
Overall, these policies trend towards inflation. Trump's proposals could lead him into a new conflict with the Fed, whose task is to maintain low inflation. Any factors that reignite inflation could cause officials to slow down or even halt interest rate cuts.
Hong Kong Securities and Futures Commission is establishing a consultation group for virtual asset trading platforms, set to launch in early 2025
To support licensed virtual asset trading platforms in developing sustainable business models, the Hong Kong Securities and Futures Commission is establishing a formal consultation group composed of representatives from each licensed institution to ensure that the Commission considers their views in the policy-making process.
The Hong Kong Securities and Futures Commission expects this consultation group to launch in early 2025. Future white papers released by the Commission on priority regulatory matters in the virtual asset industry will be based on discussions from this group and feedback from other stakeholders.
Hong Kong Stock Exchange to launch virtual asset index series
The Hong Kong Stock Exchange announced today that it will launch the Hong Kong Stock Exchange Virtual Asset Index Series (Index Series) on November 15, 2024, providing reliable benchmark prices for this rapidly emerging asset class and supporting Hong Kong's development as Asia's leading digital asset hub.
The index series will provide transparent and reliable benchmarks for the pricing of Bitcoin and Ethereum in the Asian time zone, aiming to provide a unified reference price for virtual assets and address price discrepancies across global exchanges.
Hong Kong Stock Exchange Group CEO Charles Li stated, "We are pleased to launch the Hong Kong Stock Exchange Virtual Asset Index Series to meet the regional demand for this rapidly emerging asset class. By providing transparent and reliable real-time benchmarks, we hope to help investors make informed investment decisions, thereby supporting the healthy development of the virtual asset ecosystem and consolidating Hong Kong's position as an international financial center."
Data: Japanese listed company Metaplanet increases its Bitcoin holdings by nearly 160 coins
Japanese listed company Metaplanet announced that it has purchased an additional 156.78 Bitcoins for 1.6 billion yen, bringing its total holdings to 1,018.17 Bitcoins, with an average purchase price of $61,552.
AI-driven venture capital fund ai16z's market value briefly nears $100 million after a16z partner's post gets likes
According to The Block, the AI-driven venture capital fund ai16z on the decentralized investment platform Daos.fun briefly saw its market value approach $100 million after receiving likes on a post from a16z partner Marc Andreessen. The fund was created by developer Shaw and currently holds about $1 million in assets, primarily investing in Degen Spartan AI tokens.
Andreessen wrote in a post, "GAUNTLET THROWN," accompanied by a screenshot of the robot's X account. In another post, Andreessen wrote, "Hey, I have that T-shirt," along with a screenshot of the ai16z fund's avatar. Following this boost, ai16z's market value peaked at $96.6 million before falling back to around $50 million.
It is reported that the ai16z fund uses an AI model to simulate Andreessen's investment decisions, with investments made based on suggestions from DAO members. The weight of investment suggestions depends on the number of tokens held by members and their historical recommendation success rates. The fund is set to expire on October 24, 2025, and has already completed verification on the Jupiter exchange and Moonshot platform. The project plans to further reduce human intervention in the future to achieve AI autonomous trading decisions.
Musk posts Shiba Inu-related images on X platform to coincide with the U.S. election
Musk posted a Shiba Inu-related image on the X platform to coincide with the U.S. election, in which Musk is seen wearing a "Make America Great Again" hat and raising his arm, while the Shiba Inu in the image mimics the same action.
As a result, DOGE briefly surged past $0.14, currently reported at $0.145, with a 24-hour increase of 4.46%, and its market value rising to approximately $21 billion.
Data: Tether holds $9.45 billion worth of Bitcoin and gold
At the Plan ₿ forum held in Lugano, Switzerland, Tether revealed that its reserves include $5.58 billion in BTC and $3.87 billion in gold (based on prices as of October 27), totaling $9.45 billion.
Additionally, Tether CEO Paolo Ardoino stated, "Tether also holds about $100 billion in U.S. Treasury bonds."
White House: President Biden will vote early in the election on Monday
According to Jinshi, the White House announced that President Biden will vote early in the election on Monday.
"What are some interesting articles worth reading in the past 24 hours"
Analyzing daos.fun: Can ai16z's explosive growth recreate the pump.fun myth?
daos.fun is positioned as a meme "fund" launch platform based on Solana, and the "funds" launched on this platform will operate in the form of a DAO and issue corresponding DAO tokens (for example, ai16z is the DAO token of this "fund").
The operation of daos.fun mimics the launch process of conventional funds and can be divided into three stages: fundraising, operation, and redemption.
Ethena team faces "integrity" crisis, using 180 million ENA to earn Sats aims to dilute rewards?
The Ethereum stablecoin synthetic dollar project Ethena has not shaken off the doubts of being the "next LUNA" and has recently faced another "integrity crisis." Some community users posted on the X platform questioning the use of 180 million ENA to earn Sats in Q3, diluting the rewards of other participants. Here are the details.
The Ethena team is using 180 million ENA tokens (accounting for 25% of the SENA supply, used to earn Sats) for liquidity mining in Q3, which effectively dilutes the rewards of other participants. This has raised significant concerns about the team's ethics.
a16z co-founder supports, market value jumps from zero to $80 million in one day, is AI investment DAO taking over meme speculation?
On the weekend of October 27, another meme project under the "a16z concept," ai16z, attracted widespread market attention, with its market value reaching $80 million just one day after its release. Like GOAT, it not only ignited the speculative enthusiasm of degens but also excited many investors, while its underlying DAOS.FUN opened up the community's imagination for "AI investment DAO."
