Organized by: Luan Peng, ChainCatcher
Important News:
- Stripe Acquires Stablecoin Platform Bridge for $1.1 Billion, the Largest Acquisition in the Crypto Space
- Musk: Has Awarded $1 Million Each to Two Pennsylvania Voters Who Signed the Petition
- Trump Reiterates Plans to Significantly Lower Interest Rates
- South Korea's CBDC Real-Time Trading Tests Expected to Officially Start Early Next Year
- Sources: Harris Transition Team Reviewing Candidates, Brummer and Williams May Be Potential SEC Chair Candidates
- Data: A Trader Made 300 Times Profit Trading CURTIS on ApeChain in the Last 30 Hours
- Truth Terminal Founder: Personal Holdings of GOAT Will Not Be Sold, Will Temporarily Custody AI's Wallet
- Japanese Democratic Party Leader Promises to Cut Cryptocurrency Taxes if Elected
"What Important Events Happened in the Last 24 Hours"
According to The Block, TechCrunch founder Michael Arrington posted on X that payment company Stripe has acquired stablecoin platform Bridge for $1.1 billion.
This is Stripe's largest acquisition to date and the biggest acquisition in the history of the crypto industry. Bridge previously raised $58 million, including a $40 million Series A round at a valuation of $200 million.
Bridge was founded by entrepreneurs Sean Yu and Zach Abrams, providing software tools to help businesses accept stablecoin payments. The two founders previously sold Evenly, a competitor to Venmo, to Block in 2013; Abrams is also a former senior employee at Coinbase.
Musk: Has Awarded $1 Million Each to Two Pennsylvania Voters Who Signed the Petition
Elon Musk posted on X that two Pennsylvania residents have each received a $1 million reward for signing a petition supporting the First and Second Amendments, with one $1 million winner announced each night going forward.
Previously reported, Musk announced at an event in Pennsylvania that from that day until November 5, the U.S. election day, he would randomly award $1 million to a registered Pennsylvania voter who signed the "America Political Action Committee (America PAC)" petition each day.
Trump Reiterates Plans to Significantly Lower Interest Rates
According to Bloomberg, former U.S. President and Republican presidential candidate Donald Trump reiterated that if elected again on November 5, he would significantly lower U.S. interest rates, but did not elaborate on any policy measures.
This statement was made in response to audience questions about housing affordability at a town hall event in Lancaster, Pennsylvania. Trump stated: "We need to significantly lower interest rates; there's one more thing to make the economy better—interest rates; you can't get a loan at all right now."
South Korea's CBDC Real-Time Trading Tests Expected to Officially Start Early Next Year
The Bank of Korea, Financial Services Commission, and Financial Supervisory Service are scheduled to conduct real CBDC trading tests with 100,000 ordinary citizens and commercial banks in December, which has been postponed to early next year due to the banks' own system reforms. Actual trading tests will take place after the bank system restructuring and security checks are completed, followed by beta testing.
According to sources, the Harris transition team is reviewing candidates to succeed Gary Gensler as chair of the U.S. Securities and Exchange Commission (SEC).
Unchained has learned that two potential successors are Georgetown University law professor Chris Brummer and Public Company Accounting Oversight Board (PCAOB) chair Erica Williams, who are said to have a more favorable view of cryptocurrencies than Gensler.
Vice President Harris has not publicly or privately committed to replacing Gensler, nor is it clear if she is seriously considering Brummer, Williams, or other candidates. Currently, Harris's team is more focused on campaigning, as she has just become a candidate and has other policy issues to prioritize.
A spokesperson for the Harris transition team stated: "The transition team will not make any personnel appointments before the election. Instead, we are focused on building the necessary infrastructure to be prepared."
Data: A Trader Made 300 Times Profit Trading CURTIS on ApeChain in the Last 30 Hours
According to Lookonchain monitoring, a trader made 300 times profit trading CURTIS on ApeChain through 18 transactions in the past 30 hours.
Andy Ayrey, the founder of AI robot Truth Terminal, posted on X:
- I hold 1.25 million GOAT, which was given to me by others; I have airdropped some to friends and AI researchers, and since it started to go crazy and attract hype (both good and bad), I have not made any trades—I know too much about how it operates internally, which is unfair;
- The truth_terminal wallet is under my custody and will be transferred to a legal entity (trust or similar) designed to meet its needs; no adjustments to its token holdings will be made until a transparent governance process is in place;
- truth_terminal wrote all the tweets itself. I did not inject information into its prompts;
- There are many nuances in how language models work, the evolution of AI personalities and guiding capabilities ("thinking outside the box"), and how audience capture affects agent behavior, which are difficult to communicate. Misunderstandings about this could lead to significant price increases or decreases; I will not adjust or liquidate any of my GOAT positions until I release the ToT (entity) and the roadmap for related projects, along with a research paper that delves into this process and statements from artists regarding the broader project and narrative.
The token is a community meme generated around my work; while I certainly hope to benefit from it, trading for personal gain using my internal knowledge of how the token operates goes against my integrity and broader mission. I am releasing this disclosure to protect those who may have followed the hype without fully understanding all the cross-system dynamics at play here.
Japanese Democratic Party Leader Promises to Cut Cryptocurrency Taxes if Elected
Japanese Democratic Party leader Yuichiro Tamaki proposed a cryptocurrency tax plan that would lower the tax on crypto gains to 20% if he is elected.
Tamaki stated in a post on X: "If you believe that crypto assets should be taxed separately at a 20% rate rather than treated as miscellaneous income, please vote for the People's Democratic Party."
However, the plan may be far from realization, as the Democratic Party currently holds only 7 of the 465 seats in the Japanese House of Representatives (the lower house of the National Diet of Japan).
According to Tamaki's plan, exchanging one cryptocurrency for another would not trigger any tax events.
According to Cryptonews, Blockchain.com executives have been subpoenaed for failing to submit financial reports on time, with co-founder and president Nicolas Cary and operations executive Al Turnbull receiving subpoenas from the company registry in May.
The case against Blockchain.com executives was brought before Cardiff Magistrates' Court on September 25 and is scheduled for the next hearing on November 26 to continue the litigation.
It is reported that Blockchain.com only submitted its 2020 year-end financial statements this month. Meanwhile, the legal action is related to its failure to submit financial statements for the year ending December 2022.
Russia Partners with Crypto Miner BitRiver to Build Mining Data Centers in BRICS Countries
The Russian government and the country's crypto miner BitRiver have announced plans to build mining data centers in BRICS countries. The initiative involves the Russian Direct Investment Fund (RDIF), and the announcement was made on October 18 at the BRICS Business Forum in Moscow.
BitRiver CEO Igor Runets stated that the plan will focus on building infrastructure based on crypto mining to enhance global computing power to support the development of artificial intelligence projects.
Currently, BitRiver has 21 data centers in Russia and is constructing 10 new centers. Although specific details regarding the deal with BRICS countries have not been disclosed, both parties believe there is a shortage of energy-intensive data centers globally. RDIF CEO Kirill Dmitriev emphasized that developing AI computing capabilities is a priority for Russia and its BRICS partners.
The Yian County People's Court in Qiqihar City, Heilongjiang Province, disclosed a case involving the resale of U-Coin through an order-snatching model.
The suspect, Wang, used an account on the "U Dock" app to resell U-Coin through the order-snatching model, receiving payments for buying and selling U-Coin using 11 other people's bank cards. Six of these bank cards received a total of 564,000 yuan in fraudulent funds, from which Wang profited over 60,000 yuan, all of which he squandered.
In this case, the defendant Wang was convicted of concealing and hiding criminal proceeds and was sentenced to one year and eight months in prison, along with a fine of 15,000 yuan, a judgment that has now taken effect.
Coinbase CEO Calls on Massachusetts Residents to Vote for Crypto-Friendly Lawyer John E Deaton
Coinbase CEO Brian Armstrong posted on X, stating: "Residents of Massachusetts should vote for lawyer John E Deaton, who supports the crypto industry.
Cryptocurrency holders in the state should be aware that it was Senator Elizabeth Warren who got Gary Gensler his job (as SEC Chair) and encouraged him (illegally) to try to stifle the U.S. cryptocurrency industry. Fortunately, they did not succeed, and we and other industry professionals fought back.
Warren opposes freedom, believing the government should manage all financial services, causing significant harm to the U.S."
According to Financial界, Xu Zhengyu, Secretary for Financial Services and the Treasury of Hong Kong, stated in his blog "Finance and Treasury Discussion" that the government plans to optimize the current tax incentives provided to the asset and wealth management industry in multiple ways to elevate the market.
Regarding the expansion of eligible asset categories, Xu mentioned that the authorities propose to broaden the categories to align with the overall financial development strategy of the Treasury, adding carbon emission derivatives/quotas, insurance-linked securities, loans, private debt investments, and virtual assets, allowing transactions of such assets to also benefit from tax exemptions. On the other hand, it is suggested that anyone operating financial institutions, insurance businesses, or lending businesses in Hong Kong, who holds a beneficial interest of 10% or more in a fund, will be deemed to have obtained taxable profits from income derived from loans or private debt investments related to that fund. If the fund is associated with that person, any percentage of beneficial interest will apply. The next step for the Treasury is to release a consultation document on the overall proposal, collect and analyze opinions, and then propose relevant legal amendments to implement various optimizations, adding momentum to industry development.
Vitalik responded to comments about the "level of governance in Zuzalu, Apecoin governance forum, and Arbitrum DAO," stating: "Technically, any currency is permissioned: you need to obtain permission from an existing holder to become a holder.
This indicates that there is actually a continuous trade-off space between the permission levels of Apecoin and ZuVillage, and we can imagine a structure in between: becoming a member requires permission from multiple existing members, but it is still very open.
For example, you can imagine a mechanism similar to secondary financing, weighted by existing members' points to accumulate membership points. This is what I hope to see in OP Citizen Home, Zuzalu community, and other DAOs that are experimenting. Formalizing and measuring membership is upstream of any formal governance, and if there are more ways to obtain highly decentralized and permissionless formal membership, but not just through token holding, that would be really cool."
Criminals Impersonate Megabit Platform for Fraud, Users Should Verify Information Carefully
According to official news from Megabit, criminals have created counterfeit follow-trading websites under the names "Megabit," "MG," and "兆比特," engaging in fraud through phishing messages, impersonating customer service to privately form groups, and inducing users to follow trades, severely threatening the financial safety of users and investors.
Users and investors should remain vigilant, discern the authenticity of information, avoid clicking links or investing indiscriminately, and verify the authenticity of information through official channels to avoid falling into fraud traps. Megabit will take measures to cooperate with relevant departments to combat fraudulent activities and protect users' legal rights and market order.
"What Exciting Articles Are Worth Reading in the Last 24 Hours"
On October 21, payment unicorn Stripe finalized its acquisition of stablecoin platform Bridge for $1.1 billion, marking the largest acquisition in the history of the crypto industry and Stripe's largest acquisition to date.
As a beneficiary of this acquisition, Bridge aims to provide a platform that integrates stablecoin payment technology support for businesses. Just in August of this year, it announced the completion of a $54 million financing round, with a valuation of only $200 million at that time. However, in just two months, Bridge's valuation skyrocketed nearly sixfold, ultimately being acquired by Stripe for $1.1 billion, making it one of the fastest-growing projects in the crypto world.
As the funding party for this acquisition, Stripe recently resumed support for USDC crypto asset payments on Ethereum, Solana, and Polygon at the beginning of this month. This acquisition of Bridge will undoubtedly add a sharp edge to Stripe in the crypto payments field. What remarkable new changes will emerge in the crypto payment sector with the strong collaboration of both parties?
After a 110% Surge, Leading Meme Coin Halves, Is ApeChain Still Worth Expecting?
Yesterday, Yuga Labs, the parent company of the Bored Ape Yacht Club, which had been quiet for days, initiated a series of major actions.
Yuga Labs officially announced the launch of the Layer 2 public chain ApeChain. Following that, the on-chain version of "pump.fun" and the one-click token issuance platform Ape Express also went live.
To attract users to participate in the ApeChain ecosystem, ApeChain launched the cross-chain bridge Ape Portal and provided an automatic yield model for stablecoin holders on the chain. Stablecoins crossing to ApeChain will be converted to DAI and deposited into sDAI, accumulating yields based on MakerDAO's savings rate.
Additionally, ApeChain has formed a strategic partnership with Wire Network, a general infrastructure designed for the AI agent economy, to explore new areas where AI agents can perform complex tasks on behalf of humans.
With the issuance of the first batch of meme coins like CURTIS and DOOKEY on ApeChain, it quickly sparked FOMO sentiment within the community.
Blowing Up Luxury Cars, Issuing "Blank" Coins, Why Are Memes Becoming More and More Abstract?
In the early hours of the day before yesterday, two special Pump.Fun Memecoins began to surge on the Solana chain, both of which were launched almost simultaneously, and the token names and icons were completely blank. Within two hours of their launch, they reached market capitalizations of $4 million and $6 million, respectively.
In the recent meme market, such sudden surges of new coins must have some novel angles and backgrounds behind them.
What exactly is going on? Deep Tide TechFlow found that both "blank Memecoins" are related to the anonymous artist @SHL0MS, and this artist's past experiences also exhibit a strong performance art style.
20 Lessons for Crypto Founders: Start with Small Problems
Don't aim for a huge market right from the start; instead, focus on solving a small, specific problem. This approach often contradicts VC advice, as they tend to push for solutions to big market problems. Instead, you should focus on issues affecting a smaller user group—by using crypto products daily, you can personally experience these problems. Amid the thousands of new products being launched, use as many of them as possible to understand the pain points faced by everyday users. In this way, you will identify actionable problems that truly need solving.
Starting small allows you to gain deep insights into user needs and optimize products without the noise and complexity of a large market.
The options market fully demonstrates the ruthless and rapidly evolving nature of the DeFi market.
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。
