Fortune
The world's richest inmate is free. What will Binance billionaire 'CZ' do next? | Fortune
Changpeng Zhao leaves a halfway house on Friday. He has pledged himself to philanthropy but the pull of business will be strong.
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Dealers report high activity in buying BTC "call" options with a strike price of $75,000, along with significant selling of "puts."
Coindesk
Bitcoin Bulls Eye $75K and Higher as BTC Registers Three-Week Winning Streak
BTC has registered its first three-week winning trend since February.
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BTC mining profitability has been declining for the third consecutive month and remains at a record low, while the hashrate is increasing and the BTC price remains stable.
Times are tough for miners — JPMorgan
Times are tough for miners — JPMorgan
Coindesk
Bitcoin Mining Profitability Fell for Third Straight Month in September: JPMorgan
Daily block reward gross profit fell to the lowest "on recent record" last month, the report said.
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CoinDesk
Franklin Templeton Adds Aptos Blockchain to Support Tokenized Money Market Fund
Aptos {{APT}}, the Layer 1 blockchain inspired by the discontinued Diem (formerly Libra) blockchain developed by Meta, has become the latest where Franklin Templeton’s OnChain U.S. Government Money Market Fund (FOBXX) can be traded.
Franklin Templeton has added the Aptos blockchain to support its tokenized money market fund
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The Block
SEC appeals Ripple case ruling, citing conflict with Supreme Court precedent
"We believe that the district court decision in the Ripple matter conflicts with decades of Supreme Court precedent and securities law," an SEC spokesperson said.
The SEC is appealing the previous court ruling in the Ripple case, where the judge ordered the company to pay a civil penalty of $125 million, which is significantly less than the $2 billion requested by the SEC.
Ripple's CEO stated that they are ready to fight until the end.
Ripple's CEO stated that they are ready to fight until the end.
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Binance Labs invested in the ZKsync Sophon network
The Block
Binance Labs invests in ZKsync 'elastic chain' Sophon in token round
Binance Labs has invested an undisclosed sum in ZKsync 'elastic chain' Sophon ahead of its mainnet launch and token deployment next month.
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Cointelegraph
Tether is ‘best friend’ of US, says CEO Paolo Ardoinopost.title.seo-tail
As Tether’s 10-year anniversary approaches, its CEO Paolo Ardoino discusses what helped the company become one of the industry’s most significant and profitable players.
Paolo Ardoino stated that Tether is the best friend of the U.S. government.
Tether holds more U.S. Treasury securities than Germany, much more than any other competitor or any other financial institution in the world.
Tether holds more U.S. Treasury securities than Germany, much more than any other competitor or any other financial institution in the world.
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The Block
JPMorgan says geopolitical risk could drive investors to gold and bitcoin
Analysts at JPMorgan suggest geopolitical risk could lead investors to adopt a "debasement trade" strategy, favoring gold and bitcoin.
JPMorgan believes that globally, demand for BTC is growing due to four reasons:
▪️Increasing global tensions since 2022.
▪️Rising concerns about inflation.
▪️Budget deficits in developed countries.
▪️Sharp decline in trust in fiat currencies.
▪️Increasing global tensions since 2022.
▪️Rising concerns about inflation.
▪️Budget deficits in developed countries.
▪️Sharp decline in trust in fiat currencies.
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Cointelegraph
New Ethereum proposal aims to increase throughput by 50%
A new Ethereum Improvement Proposal, EIP-7781, aims to reduce block times by four seconds, increase short-term data capacity, and make DEXs more efficient.
Developers have submitted a new proposal for improving Ethereum.
If approved, the new update EIP-7781 will reduce block times on the network by 33% and increase data capacity — overall throughput will increase by 50%.
If approved, the new update EIP-7781 will reduce block times on the network by 33% and increase data capacity — overall throughput will increase by 50%.
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The Block
US bankruptcy judge approves FTX reorganization plan, two years after the exchange's collapse
A U.S. judge has approved FTX's bankruptcy plan, two years after the crypto exchange collapsed following allegations of fraud and misconduct.
FTX will fully repay $16 billion in debts to users — the court has approved the bankruptcy plan:
✏️ Payments under $50,000 — Q4 2024
✏️ Payments over $50,000 — Q1-Q2 2025.
✏️ Payments under $50,000 — Q4 2024
✏️ Payments over $50,000 — Q1-Q2 2025.
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