Compiled by: Luan Peng, ChainCatcher
Important News:
- Nigerian Court Denies Binance Executive's Bail Request Due to Health Issues
- RootData: Over 17% of Web3 Companies Use ".io" Domain Names, Including Well-Known Projects like Sui, Optimism, Arbitrum, Filecoin, and Blur
- Sun Yuchen: Liberland is a Strong Example of the Relationship Between State and Citizens, Further Advancing This Vision During His Tenure as Acting Prime Minister
- Market News: Meme Coin SPX6900's Official Twitter Account Hacked, Do Not Click Any Links
- Matrixport: Traders May Consider Using Bullish Options Arbitrage Strategies for Profit Ahead of the U.S. Elections
- Ethiopia Expands Bitcoin Mining Power Allocation to 600 Megawatts
- Survey: 29% of European Payment Service Providers Unwilling to Collaborate with Cryptocurrency Exchanges
- Fidelity Discloses Data of Over 77,000 Customers Was Leaked in August, Related Vulnerabilities Have Been Fixed
"What Important Events Happened in the Last 24 Hours"
Nigerian Court Denies Binance Executive's Bail Request Due to Health Issues
According to Bloomberg, a Nigerian court denied the bail application of Binance executive Tigran Gambaryan on health grounds. The executive is on trial for alleged money laundering and currency manipulation, and the court instructed the prison to send him to the hospital for treatment. Tigran Gambaryan, the head of financial crime compliance at Binance, has been detained in the country since February, with U.S. lawmakers claiming he is being unjustly held. His lawyer has repeatedly mentioned his poor health and stated that he requires surgery.
According to data from the Web3 asset data platform RootData, among the 15,032 projects/institutions currently operating (excluding those that have ceased operations), 2,675 projects/institutions (including 2,549 projects and 126 institutions) are using ".io" domain names, accounting for approximately 17.8%.
Notable projects include Sui, Sei, Arbitrum, Filecoin, Blur, Optimism, KuCoin, BitTorrent, Gate.io, StarkNet, Merit Circle, EOS, Neiro, Nexo, Synthetix, zkSync, Raydium, Blur, IOTA, Kava, IoTeX, 1inch, WOO X, Hamster Kombat, AltLayer, Mask Network, GMX, Metis, Blast, Banana Gun, etc. Notable institutions include Waterdrip Capital, The Spartan Group, AC Capital, OpenSea Ventures, Ryze Labs, YBB Foundation, Ton Ventures, etc.
Previously reported, the UK government announced it would abandon its sovereignty over the Chagos Islands in the Indian Ocean. Once the treaty is signed, the British Indian Ocean Territory will cease to exist. Previously, the Internet Assigned Numbers Authority (IANA) nominally assigned ".io" as a country code top-level domain (ccTLD) to the British Indian Ocean Territory, and returning the Chagos Islands would eliminate the British Indian Ocean Territory, which could also lead to the cancellation of the corresponding ISO-3166 two-letter country code IO and the ".io" domain name.
TRON (TRX) network founder Sun Yuchen responded on X to the recent news about being elected as the unrecognized acting prime minister of the micro-nation Liberland, expressing his happiness at the community electing him as prime minister. His main points are as follows:
- Liberland is not just a country; it embodies a political philosophy that advocates for freedom, minimal government intervention, and individual autonomy.
- As acting prime minister, the goal is to actively promote the idea of a small government, not only within Liberland but also as a model for the world. Our success can inspire other countries to adopt liberal principles, demonstrating that minimalist government can bring stability and prosperity without excessive regulation or coercion. By adhering to this approach, we will further solidify Liberland's position as a beacon of freedom and individual autonomy.
- Looking ahead, envisioning a land of freedom will become a global symbol of liberal ideals, serving as a spiritual home for people around the world who cherish freedom. Just as Vatican City represents the central spiritual authority for Catholics, the land of freedom will become the heart of the liberal movement. Liberals around the world may have their own countries and nations, but the land of freedom will be their ideological home: a place that respects and embodies their beliefs in freedom, autonomy, and voluntary governance.
- What makes Liberland truly unique is that it is the first country where the relationship with citizens is based not on lineage or geographical boundaries, but on shared principles and values. There are no compulsory obligations, no taxes, and no orders imposed on citizens. Everything is built on voluntary participation and mutual respect, believing that all governments should operate this way—even if not now, they certainly will in the future.
- Liberland is a strong example of the relationship between state and citizens, committed to further advancing this vision during his tenure as prime minister.
Previously reported, according to a document disclosed by @tier10k, the unrecognized micro-nation Liberland announced the results of its latest parliamentary elections. TRON (TRX) network founder Sun Yuchen won the election and was nominated as acting prime minister by Liberland's president Vit Jedlička. The official statement from Liberland stated that the election was completed at 5 AM Central European Time on October 6, marking the full deployment of the country's blockchain-based election system for the first time. The election process used a simple set of rules, fully algorithmic, aimed at providing transparency and eliminating doubts about the election results.
Market News: Meme Coin SPX6900's Official Twitter Account Hacked, Do Not Click Any Links
Meme coin KOL Murad disclosed on the X platform that the official Twitter account of the meme coin project SPX6900 (SPX) was hacked, stating, "Do not click any links. No airdrops, no staking, and no other tokens."
Matrixport released a chart stating that as implied volatility remains low, Bitcoin traders need to establish corresponding positions to prepare for a potential bull market brought on by a Trump victory. Bitcoin options will expire on November 8, 2024, but the market has not shown extreme positioning, indicating that traders are cautious about the election results. However, the strike prices of $65,000 and $70,000 suggest that many traders are anticipating a market rebound.
The trading volume in the Bitcoin options market this year has ranged from $42 billion to $71 billion, gradually replacing the underperforming coin stocks since the Bitcoin halving in April 2024, becoming a more favored leveraged tool among traders. Additionally, although MicroStrategy's current stock price is higher than the value of its held Bitcoin, holding MicroStrategy shares has become an alternative way to gain direct exposure to Bitcoin.
Earlier this year, the macro environment improved, and Bitcoin prices rebounded, but as market structure and liquidity drivers weakened, a pullback occurred.
Trump's victory could bring favorable conditions for Bitcoin, but if the Federal Reserve adopts a tightening monetary stance in response to the economic over-stimulation from Trump's policies, the rise will face resistance. During this pre-election period, traders looking to profit in the short term may consider using bullish options arbitrage strategies to manage risk and capture upside gains.
Ethiopia Expands Bitcoin Mining Power Allocation to 600 Megawatts
Ethiopia has expanded its Bitcoin mining power allocation to 600 megawatts, becoming one of the fastest-growing markets globally, with plans to further increase capacity this year.
According to Ethan Vera, co-founder and CEO of Bitcoin miner Luxor, miners in Ethiopia primarily use low-power mid-generation equipment, such as the S19J Pro and A1346 models.
It is reported that Ethiopia is also signing power supply agreements with 21 mining companies, mostly from China, intending to become a Bitcoin mining hub.
The foreign exchange and payment fintech company Neo conducted a survey of 100 European payment service providers (PSPs), revealing that banks perform poorly in partnerships. Due to restrictions from banking partners, 29% of PSPs are unwilling to collaborate with cryptocurrency exchanges.
The survey also found that 95% of PSPs have experienced bank account closures or restrictions, with 71% of these cases occurring without a clear reason provided by the banks. To address this issue, most PSPs maintain relationships with multiple banks, but the process of finding new banking partners is lengthy, averaging 11.5 months.
Fidelity recently submitted a document to the Maine Attorney General stating that 77,099 of its customers were affected by a data breach, which is just a small portion of its 51.5 million customer base.
It stated that between August 17 and 19, an attacker exploited two recently established customer accounts to obtain customer names and other personal identifiers. On August 19, when Fidelity first discovered the breach, unauthorized access was terminated.
The company stated that it received assistance from "external security experts" to resolve the issue. Fidelity emphasized that no third party accessed any Fidelity accounts.
Fidelity announced it will provide affected users with two years of free credit monitoring and identity recovery services "to detect any unusual activity that may affect users' personal financial situations."
Binance to Open Trading Bot Services for Trading Pairs EIGEN/TRY, PEPE/FDUSD, etc.
Binance announced that it will open trading bot services for the following trading pairs on October 11, 2024, at 16:00 Beijing time, supporting spot grid and spot DCA (Dollar-Cost Averaging): EIGEN/TRY, PEPE/FDUSD, SUI/FDUSD.
“.io” Domain Name May Disappear Due to Geopolitical Influences
The UK government announced it would relinquish sovereignty over the Chagos Islands in the Indian Ocean, transferring it to the neighboring island nation of Mauritius. Once the treaty is signed, the British Indian Ocean Territory will cease to exist. International organizations will update their records.
Previously, the Internet Assigned Numbers Authority (IANA) nominally assigned ".io" as a country code top-level domain (ccTLD) to the British Indian Ocean Territory. Returning the Chagos Islands would eliminate the British Indian Ocean Territory, and the corresponding ISO-3166 two-letter country code IO and ".io" domain name may also be canceled.
It is reported that many users and businesses view ".io" as a generic top-level domain (gTLD) rather than one specific to a country/region. As of 2023, approximately 1.2 million ".io" domain names have been registered, a significant portion of which are associated with cryptocurrency-related companies.
Musk Changes X Account Avatar to a Themed Image with "WE,ROBOT" Characters
Musk changed his X account avatar to a themed image featuring the characters "WE,ROBOT."
According to KBS, the Bank of Korea's monetary policy committee held its seventh monetary policy direction meeting today (11th), reducing the benchmark rate from the current 3.50% by 25 basis points to 3.25%.
This rate cut marks a shift from the Bank of Korea's monetary tightening stance, which began in August 2021 with a 0.25% increase, transitioning to an easing policy after 3 years and 2 months.
Trump: In Fact, the Federal Reserve Has Cut Rates Too Quickly
Trump stated that last month's inflation was much worse than expected, being double the anticipated amount, with most of the increase coming from rising food prices, rent and housing costs, and car prices. Interest rates are also a significant factor. They are very high. In fact, the Federal Reserve has cut rates a bit too quickly. The cuts are too large, and everyone knows this is a political maneuver. Under Biden and Harris's leadership, the economy is completely in shambles due to inflation. But Harris said she couldn't think of any different decisions she would make.
"What Interesting Articles Are Worth Reading in the Last 24 Hours"
Ethereum ETF Cold Shoulder: Why Are Investors Reluctant to Buy In?
Ethereum ETFs have not received the same level of attention as Bitcoin ETFs, even experiencing net outflows this week. Tom Carreras investigated this.
- The performance of Ethereum spot exchange-traded funds (ETFs) has failed to attract the same demand as Bitcoin spot ETFs.
- However, given the immense popularity of Bitcoin products, this is a high expectation.
- Disadvantages include the lack of staking rewards for ETFs and difficulties in marketing Ethereum to investors.
For many investors, the performance of spot Ethereum ETFs has been disappointing.
In contrast, spot Bitcoin ETFs have processed nearly $19 billion in inflows over 10 months, while the Ethereum ETF that started trading in July has failed to generate the same appeal.
Worse still, Grayscale's ETHE, which existed as an Ethereum trust before converting to an ETF, suffered massive redemptions during the conversion, and demand for other Ethereum funds failed to offset this trend.
This means that since its launch, the Ethereum ETF has experienced a net outflow of $556 million. According to Farside data, these products saw a net outflow of $8 million just this week.
So, why is the performance of Ethereum ETFs so different? There are several possible reasons.
“Meme Industry DWF” Sued for Fraud, What Other Projects Besides Neiro and Bonk Did Gotbit Market?
On October 9, U.S. federal prosecutors filed market manipulation and fraud charges against four cryptocurrency "market makers" and their employees, with the SEC and FBI also involved in the investigation. The market maker behind "meme industry DWF," Bonk, and Neiro, Gotbit, is prominently listed.
Currently, Gotbit's CEO Aleksei Andriunin has been arrested in Portugal, and two of Gotbit's employees in Russia have also been charged.
As early as a year ago, on-chain detective ZachXBT exposed Gotbit's market-making tactics and warned users to be cautious of any projects collaborating with Gotbit. Since then, Gotbit has also faced controversy for its involvement in several tokens suspected of being rug pulls.
However, Gotbit's market-making services still attract a large number of project teams and meme groups. According to Gotbit's official X platform, Gotbit has provided market-making services for around 50 projects this year, most of which are memes.
Whether the SocialFi track can break free from the "growth dilemma" may depend on the revenue generation capability of the "Fi" segment being sufficiently validated. In a previous article titled "SocialFi 'Narrative Failure,' Does Crypto Social Have a Future?" we briefly analyzed the main issues facing current SocialFi projects, and how to solve these problems, combining the main characteristics and advantages of crypto projects, SocialFi projects may also need to partially draw on the development ideas of traditional mobile internet hit applications.
Odaily Planet Daily will break down the "Fi" segment of traditional social products and SocialFi projects in this article, and analyze the development history of "Lemon 8," a popular application known as the "overseas version of Xiaohongshu," which has recently performed well, for reference by players in the SocialFi track.
The Fate of .io Domain Names Uncertain? 16% of Web3 Companies Are Using .io
The UK relinquishing sovereignty over the British Indian Ocean Territory's Chagos Islands and transferring it to Mauritius marks a historic moment signaling the end of British colonialism in Africa, while also sparking widespread discussion about the future of the highly regarded .io top-level domain.
Who Is Angela Meng, the Chinese-American CEO of Coinbase Who Moved to the U.S. at Age 11?
Who is Angela Meng? This may be the biggest news in the Chinese crypto circle these days.
In the crypto industry, news of marriage can also spark discussions, especially when the protagonist is Brian Armstrong, co-founder and CEO of the world's most well-known cryptocurrency exchange platform, Coinbase. Recently, Brian announced on social media that he married Angela Meng a week ago, and this news quickly sparked enthusiastic discussions in the crypto community. Notable figures from the global crypto field have sent their blessings, with Ark Invest's Cathie Wood ("Wood Lady") and MicroStrategy's founder expressing sincere congratulations to the newlyweds.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
