Today's News Highlights:
Monochrome plans to launch Australia's first Ethereum spot ETF on Cboe
Grass Foundation: Airdrop One eligibility query page will go live on October 21
CoinShares: Last week saw a net inflow of $407 million into digital asset investment products
Regulatory News
SpaceX successfully recovers Starship for the first time
According to Jinshi, SpaceX successfully used the "chopsticks" mechanical arm on the launch tower to grasp the first stage super heavy rocket during its fifth Starship test flight, achieving an important goal of this launch mission. After the Starship launched and ascended for more than two minutes, the first stage separated from the Starship and began its return. More than six minutes after the Starship's launch, the first stage was successfully grasped by the "chopsticks" mechanical arm on the launch tower. This is SpaceX's first attempt to recover the first stage of the Starship.
According to Jinshi, Dr. Huang Tianyou has been appointed as the Chairman of the Hong Kong Securities and Futures Commission for a three-year term, from October 20, 2024, to October 19, 2027.
A man with a gun arrested near Trump campaign rally site
According to Jinshi, the Riverside County Sheriff in California reported that a man was arrested near a campaign rally site for former U.S. President Trump in California's Coachella Valley. The man was carrying a weapon and a fake pass. Local police stated that the man may have planned to assassinate Trump. The man, named Wim Miller, presented a forged pass at a security checkpoint around 5 PM Pacific Time on the 12th and was found to be illegally in possession of a shotgun, a loaded handgun, and a high-capacity magazine.
According to News.bitcoin, TD Bank, one of the largest financial institutions in the U.S., has agreed to pay a record $3 billion fine after pleading guilty to felony charges, marking the largest fine ever under the Bank Secrecy Act. The bank is the largest in U.S. history to plead guilty due to failures in its Bank Secrecy Act program and is the first to admit to conspiracy to launder money. The Department of Justice emphasized the bank's compliance failures, which created an environment for rampant financial crime.
TD Bank admitted to failing to maintain adequate anti-money laundering programs from January 2014 to October 2023. During this period, the bank did not monitor $183 trillion in customer activity, allowing three money laundering networks to transfer over $670 million through its accounts. One of the schemes involved five bank employees. The bank's automated transaction monitoring system designed to flag suspicious activity was intentionally rendered ineffective. Senior management, including the future Chief Anti-Money Laundering Officer, were aware of the system's flaws but failed to address these issues.
Project Updates
NFT artist DeeKay stated regarding the "wallet hacked, all assets stolen except NFTs" incident that he has identified the thief and will recover the funds. DeeKay pointed out that this person is someone very close to him who had access to the handwritten mnemonic phrase, so this does not involve hacking through Google Drive, malware, or similar content. However, he cannot disclose all details.
Previous news, NFT artist DeeKay: Wallet hacked, all assets stolen except NFTs.
Zulu Network's official X account hacked and posted phishing tweets
According to Scam Sniffer monitoring, the X account of the Bitcoin L2 protocol Zulu Network was hacked and posted phishing tweets.
According to the official announcement, Binance Wealth has launched a smart arbitrage product, allowing users to earn funding fees by hedging perpetual contract positions against spot positions. This aims to help users profit from funding fees while minimizing the risk of price fluctuations.
Monochrome plans to launch Australia's first Ethereum spot ETF on Cboe
According to Decrypt, Monochrome Asset Management is preparing to launch Australia's first Ethereum spot ETF on the Chicago Board Options Exchange (Cboe). The Monochrome Ethereum ETF (IETH) will begin trading on Monday, following the company's launch of a Bitcoin ETF (IBTC) in August 2023, which currently has a size of $15 million (approximately $10.1 million).
Although this size is still far from the billions held in the U.S., the fund positions itself as the world's first fund to offer physical Ethereum subscriptions and redemptions. The ETF will also be launched on most Australian brokerage platforms, supporting transfers from crypto platforms, decentralized wallets, and cold wallets. Crypto financial services company BitGo and cryptocurrency exchange operator Gemini will provide custody services for IETH, while State Street Australia will act as the fund manager.
Vitalik published a new article on the future development of the Ethereum protocol (Part 1: The Merge): "Possible futures of the Ethereum protocol, part 1: The Merge." It discusses what improvements can still be made in the technical design of proof-of-stake and the ways to achieve these improvements.
Grass Foundation: Airdrop One eligibility query page will go live on October 21
The Grass Foundation stated on the X platform that the Airdrop One eligibility query page will go live on October 21. The first Grass airdrop is the most widely distributed airdrop in history. Additionally, claiming has not yet opened and will not go live on October 21; it is just a checker. Please proceed with caution to avoid scams. Currently, there are no on-chain transactions that require signing.
Previous news, the AI web crawler project Grass based on the Solana network reminded users on the X platform to connect their Solana wallets on the Grass dashboard before 8:00 AM Beijing time on October 1. If the deadline is missed, users will not be able to claim rewards from the first airdrop.
According to the official announcement from the Nobel Prize, the 2024 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel is awarded to Daron Acemoglu, Simon Johnson, and James A. Robinson for their research on "how institutions are formed and affect prosperity." The research of the three laureates explains why the richest 20% of countries in the world are now 30 times wealthier than the poorest 20%, a disparity that persists despite some development in poorer countries, which have failed to narrow the gap with wealthier nations.
Their research points out that inclusive institutions, the reduction of resource plunder, and the introduction of the rule of law can lead to long-term prosperity. However, why do elites not simply replace the existing economic system? The laureates elucidate three key elements in the formation and change of political institutions through models: first, the conflict over resource allocation and decision-making power; second, the mobilization of the masses to pressure the elite in certain situations; and finally, the "commitment problem," where elites must cede decision-making power to the masses.
Investment and Financing
Samara Asset Group plans to issue €30 million bonds to increase Bitcoin holdings
According to CoinDesk, investment firm Samara Asset Group plans to issue bonds of up to €30 million (approximately $32.78 million) aimed at increasing its Bitcoin reserves and expanding its investment portfolio. The bond issuance will be managed by Pareto Securities, and the bonds will be listed on the Oslo and Frankfurt stock exchanges, with a minimum subscription amount of €100,000.
The company plans to use the bond proceeds to purchase shares in alternative investment funds and increase its Bitcoin holdings. Samara CEO Patrik Lowry stated that this will further strengthen the company's balance sheet and diversify investments in emerging technology sectors. Bitcoin is currently the main treasury reserve asset for Samara.
Important Data
Galaxy Digital's wallet withdrew 57 BTC from Binance about 2 hours ago
According to The Data Nerd monitoring, 2 hours ago, wallet 187f5 (belonging to Galaxy_Digital) withdrew 57 BTC (approximately $3.56 million) from Binance. Over the past week, this wallet has accumulated a total of 500 BTC (approximately $31.38 million). It currently holds a total of 3,912 BTC (approximately $244.45 million).
Galaxy Digital OTC address recharged 7,000 ETH to OKX and Binance in the past 2 hours
According to @ai_9684xtpa monitoring, in the past 2 hours, Galaxy Digital OTC address 0x335…75836 recharged 7,000 ETH to OKX and Binance, worth $17.48 million. The address currently holds 6,886 ETH, with a total value of $17.30 million.
Token Unlocks data shows that tokens ARB, AXS, and EIGEN will see significant unlocks next week, including:
Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9 PM Beijing time on October 16, accounting for 2.56% of the current circulation, worth approximately $49.4 million;
Axie Infinity (AXS) will unlock approximately 9.25 million tokens at 9:10 PM Beijing time on October 14, accounting for 6.08% of the current circulation, worth approximately $43.1 million;
Eigenlayer (EIGEN) will unlock approximately 11.22 million tokens at 3 AM Beijing time on October 16, accounting for 6.01% of the current circulation, worth approximately $43.9 million;
Starknet (STRK) will unlock approximately 64 million tokens at 8 AM Beijing time on October 15, accounting for 3.30% of the current circulation, worth approximately $26 million;
Taiko (TAIKO) will unlock approximately 12 million tokens at 8 AM Beijing time on October 14, accounting for 14.99% of the current circulation, worth approximately $18.7 million;
ApeCoin (APE) will unlock approximately 15.6 million tokens at 8:30 PM Beijing time on October 17, accounting for 2.31% of the current circulation, worth approximately $11.2 million;
Pixels (PIXEL) will unlock approximately 54.38 million tokens at 6 PM Beijing time on October 19, accounting for 7.05% of the current circulation, worth approximately $7.2 million;
Cardano (ADA) will unlock approximately 18.53 million tokens at 8 AM Beijing time on October 17, accounting for 0.05% of the current circulation, worth approximately $6.5 million;
Echelon Prime (PRIME) will unlock 750,000 tokens at 8 AM Beijing time on October 17, accounting for 1.57% of the current circulation, worth approximately $6.1 million;
Ethena (ENA) will unlock approximately 12.86 million tokens at 3 PM Beijing time on October 16, accounting for 0.47% of the current circulation, worth approximately $4.4 million;
Render (RENDER) will unlock approximately 490,000 tokens at 8 AM Beijing time on October 14, accounting for 0.13% of the current circulation, worth approximately $2.7 million;
CYBER (CYBER) will unlock approximately 890,000 tokens at 4 PM Beijing time on October 14, accounting for 3.81% of the current circulation, worth approximately $2.6 million;
Astar (ASTR) will unlock approximately 9.72 million tokens at 8 AM Beijing time on October 17, accounting for 0.13% of the current circulation, worth approximately $580,000;
Nym (NYM) will unlock approximately 2.73 million tokens at 8 AM Beijing time on October 15, accounting for 0.34% of the current circulation, worth approximately $200,000.
Bitcoin reaches $65,000, with a daily increase of 4.3%
OKX market shows that Bitcoin reached $65,000, currently reported at $64,915.9, with a daily increase of 4.3%.
"Bitcoin" Google search volume drops to a yearly low, while "memecoin" search volume surges
According to Cointelegraph, the Google search volume for "Bitcoin" reached its lowest point in a year during the week of October 12, 2024. On a scale of 100, interest in this search term dropped to just 33 by the end of the week. Meanwhile, the search volume for "memecoins" during the same period was at 77%, but has not yet surpassed the historical high of 100 set in late October 2023. However, Ki Young Ju, CEO and founder of CryptoQuant, believes that due to the continued high interest in these digital assets, the search volume for memecoins will return to previous historical highs by the end of October 2024.
According to News.bitcoin, last week, NFT transaction volume declined to $77.46 million, down 8.78% year-on-year, with a significant decrease in both buyers (down 64.47%) and sellers (down 66.40%). Ethereum NFTs topped the list with a transaction volume of $27 million, up 4.95% year-on-year. Following closely was Bitcoin NFTs, with a transaction volume of $16.78 million, up 29.36% year-on-year, while Solana NFTs ranked third with a transaction volume of $11.38 million, up 1.95% year-on-year.
CoinShares: Last week saw a net inflow of $407 million into digital asset investment products
According to CoinShares' latest weekly report, last week saw a net inflow of $407 million into digital asset investment products, as investors' decisions may have been more influenced by the upcoming U.S. elections rather than monetary policy prospects. This trend is evident as stronger-than-expected economic data had little impact on halting capital outflows, while the recent U.S. vice-presidential debate and subsequent polls shifted towards the Republican Party, which is perceived to be more supportive of digital assets, leading to inflows and an immediate rise in prices. As expected, due to the political nature of the recent inflows, the U.S. saw inflows of $406 million, while another significant inflow country was Canada, with an inflow of $4.8 million. The total inflow for Bitcoin reached $419 million, making it the main beneficiary of recent political changes. In contrast, short-term Bitcoin investment products saw outflows of $6.3 million.
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