Daily Report | The Bhutanese government deposits 929 BTC into Binance; Zhao Changpeng's wealth increases by 90 billion yuan compared to last year; Animoca Brands expands its Hong Kong office to 28,000 square feet
Highlights of October 29Organizer: Fairy, ChainCatcher
Important News:
- Hurun Rich List: Zhao Changpeng's wealth increased by 90 billion yuan compared to last year, reaching 135 billion yuan
- Hackers stole Truth Terminal founder Andy Ayrey's X account and posted meme information, earning over $600,000
- Animoca Brands expands its Hong Kong office to 28,000 square feet, equivalent to 10 times the size of a tennis court
- U.S. Senate Republican candidate Bernie Moreno claims he has sold all his Bitcoin holdings
- Insiders: Trump's crypto project World Liberty Financial plans to issue a stablecoin
- Insiders: Sequoia Capital may profit over $100 million from Stripe's acquisition of Bridge
- Data: The government of Bhutan deposited 929 BTC worth $66.16 million into Binance in the past hour
"What important events happened in the past 24 hours"
Data: The government of Bhutan deposited 929 BTC worth $66.16 million into Binance in the past hour
According to Lookonchain monitoring, the government of Bhutan deposited 929 BTC (worth $66.16 million) into Binance in the past hour. The government currently holds 12,456 BTC (worth $886.58 million).
Ant Group's AntChain publicly unveils its "Two Chains and One Bridge" platform designed for RWA business
At the 9th Hong Kong FinTech Week, AntChain publicly unveiled its "Two Chains and One Bridge" platform specifically designed for RWA business. The platform consists of an "Asset Chain," a "Transaction Chain," and the "AntChain Trusted Cross-Chain Bridge," aimed at facilitating the RWA transformation of new energy assets from the mainland in Hong Kong.
According to Yan Ying, Chief Scientist at Ant Group, the platform employs a digital twin technology system, supporting a transaction processing capacity of 100,000 transactions per second and PB-level data storage. The platform has been applied in the Hong Kong Monetary Authority's Ensemble project, assisting mainland new energy listed company Langxin in completing a $10 million cross-border financing in August this year. Currently, AntChain has provided on-chain services for over 12 million new energy devices, becoming the largest new energy blockchain device platform in the country.
BlackRock CEO: Expects the Federal Reserve to cut interest rates by at least 25 basis points before the end of 2024
BlackRock CEO Larry Fink stated that he expects the Federal Reserve to cut interest rates by at least 25 basis points before the end of 2024.
Hurun Rich List: Zhao Changpeng's wealth increased by 90 billion yuan compared to last year, reaching 135 billion yuan
According to the Hurun WeChat account, the Hurun Research Institute released the "2024 Hengchang Shaofang·Hurun Rich List," with Binance's former CEO Zhao Changpeng ranking 16th with a wealth of 135 billion yuan.
The article mentions that although Zhao Changpeng was arrested in California last year and paid over $7 billion in fines, his wealth still increased by 90 billion yuan (ranking 2nd in wealth growth) to 135 billion yuan, mainly due to the increase in total trading volume of virtual currencies over the past year, with Bitcoin's price rising 130% compared to the same period last year, reaching $65,000.
Additionally, the market capitalization of cryptocurrency exchange Coinbase has doubled from $19 billion to $46 billion. It is reported that Zhao Changpeng of Binance just made the list in 2018, and his wealth is now in the hundreds of billions.
Hackers stole Truth Terminal founder Andy Ayrey's X account and posted meme information, earning over $600,000
According to Lookonchain monitoring, hackers stole the X account of Truth Terminal founder Andy Ayrey and posted meme information, earning over $600,000 in just one hour.
Animoca Brands expands its Hong Kong office to 28,000 square feet, equivalent to 10 times the size of a tennis court
Animoca Brands recently opened a new office in a burgeoning tech area on the southern side of Hong Kong Island, covering 28,000 square feet (2,601 square meters) across two floors. This is approximately 10 times the size of a tennis court.
Animoca Brands President Evan Auyang stated in an interview: "We have increased from 7,500 square feet to 28,000 square feet. Now Hong Kong is a tenant's market, and we believe this is a perfect time to create a collaborative space not only for ourselves but also for other companies in our portfolio."
Although the cryptocurrency market is in a bull run, 2023 has been challenging for Animoca, including facing pressure to lay off employees and reducing the target size of its metaverse fund from $2 billion to $800 million. Auyang said, "As a company, we have to try. We must accept failure as part of it," adding that Animoca has already undergone several transformations in its short history.
Auyang emphasized the importance of government support in Animoca's decision to stay in Hong Kong, calling it "priceless," and mentioned a key moment when the Hong Kong Financial Services and the Treasury Bureau announced support for Web3 alongside Animoca CEO Yat Siu.
U.S. Senate Republican candidate Bernie Moreno claims he has sold all his Bitcoin holdings
According to Cointelegraph, Ohio U.S. Senate Republican candidate Bernie Moreno claimed he has sold his Bitcoin (BTC) holdings worth $70,006, apparently to avoid potential conflicts of interest with support from the cryptocurrency industry. Moreno stated he is "proud" to have gained support from the crypto industry in his campaign to defeat Senator Sherrod Brown.
The Senate candidate has purchased media support and received over $40 million from the political action committee (PAC) Defend American Jobs, which is affiliated with Fairshake and primarily helps Republican candidates. In addition to PAC funding, several well-known cryptocurrency executives, including Gemini co-founders Cameron and Tyler Winklevoss, Coinbase co-founder Fred Ehrsam, and Coinbase CEO Brian Armstrong, have also directly donated to Moreno's campaign. Moreno stated that if elected senator, he hopes to provide "regulatory certainty" for the cryptocurrency industry.
Data: Bitcoin's market share reached 59.92%, a new high since March 31, 2021
According to Tradingview data, Bitcoin's market share reached 59.92% around 03:35 AM today, a new high since March 31, 2021, and is currently at 59.54%.
Insiders: Sequoia Capital may profit over $100 million from Stripe's acquisition of Bridge
Insiders revealed that venture capital firms will profit hundreds of millions from Stripe Inc.'s acquisition of the crypto platform Bridge for $1.1 billion in cash and stock.
Institutions including Sequoia Capital, Ribbit Capital, Bedrock Fund Management, Index Ventures, and Haun Ventures have seen multiple returns on their investments in this startup. When Stripe agreed to acquire Bridge, it had been established for less than three years.
Sequoia Capital holds a 16% stake in Bridge and may profit over $100 million from it. It is reported that Sequoia Capital invested $19 million in Bridge's Series A funding last year.
Ribbit holds about 10% of Bridge, valued at approximately $100 million, while Bedrock and Index Ventures each hold about 6%, and Haun Ventures holds 4%.
Insiders: Trump's crypto project World Liberty Financial plans to issue a stablecoin
Multiple insiders revealed that Trump's crypto project World Liberty Financial, which recently completed a $14 million token launch, is planning to issue a stablecoin. The project has appointed Paxos co-founder Rich Teo as the head of stablecoin and payment operations. The project is simultaneously developing several core components, with features including the stablecoin set to launch at the appropriate time.
It is worth noting that if Trump wins the presidential election in 2024, the stablecoin issued by his business partners may face questions of conflict of interest. Currently, the largest stablecoin issuer in the U.S., Circle, holds $34.59 billion in assets to support its $34.37 billion USDC circulation. Meanwhile, Tether achieved a record profit of $5.2 billion in the first half of 2024 and currently holds nearly $81 billion in U.S. Treasury bonds.
Arthur Hayes: China's economic stimulus measures will drive up cryptocurrency prices
BitMEX founder Arthur Hayes published a blog post titled "Let's Go Bitcoin," stating that China's stimulus measures will inject trillions of dollars into financial markets and drive up cryptocurrency prices. The quantitative easing by the People's Bank of China and the re-acceleration of bank credit growth will take time, but its impact will be undeniable, providing an excellent buying opportunity. In August 2015, after the unexpected devaluation of the yuan, Bitcoin's price rose from $135 to $600, nearly a fivefold increase in less than three months.
"What are the noteworthy articles to read in the past 24 hours"
2024 crypto and settlement amounts reach a record high of nearly $20 billion, will there be a regulatory spring after the election?
Recently, U.S. regulators seem to be accelerating their enforcement actions in the cryptocurrency sector as the 2024 fiscal year comes to a close.
Last week, according to the Wall Street Journal, the federal government is investigating whether cryptocurrency company Tether may have violated sanctions and anti-money laundering regulations. Although Tether denied it, it still caused some panic in the market.
Throughout October, the SEC has at least charged over 20 cryptocurrency projects and individuals, including Cumberland, Gotbit, CLS, ZM Quant, Saitama, and Robo Inu, seizing over $25 million in cryptocurrency. Many of these charges were also enforced in conjunction with the FBI and DOJ, with crypto market makers and trading institutions that are closer to money becoming key targets.
With U.S. regulators not slowing down their scrutiny of cryptocurrencies, the number of crypto lawsuits and settlements in 2024 may reach a new high.
Vitalik on Ethereum's Possible Future (Part Six): The Splurge
Some things are hard to categorize, and there are many "details" in Ethereum protocol design that are crucial to its success. In fact, about half of the content involves different types of EVM improvements, while the rest consists of various niche topics, which is what "The Splurge" signifies.
The Splurge: Key Objectives
Transform the EVM into a high-performance and stable "final state"
Introduce account abstraction into the protocol, allowing all users to enjoy safer and more convenient accounts
Optimize transaction fee economics, improving scalability while reducing risk
Explore advanced cryptography to significantly improve Ethereum in the long term
80% of trading volume comes from Rug funds: The shocking truth behind Base chain's new high activity and Uniswap liquidity
Base is becoming a shining star in the EVM space, but according to Dune data analyst jpn memelord, while Uniswap's trading volume on the Base platform seems prosperous, a large portion of the trading is driven by repeatedly "pulling the plug" funds. This seems to confirm some community views that there are many "big cuts" on Base. What are the real data? This has been compiled and organized based on jpn memelord's research for readers' reference.
