Get Ready for the Next Breakout of $UBX! 🙈

With 7 years of steady growth, UBIX Network has proven its resilience in the crypto space, delivering real-world products that solve practical problems. Backed by an innovative hybrid DAG protocol, UBX drives transactions, staking, and governance within the ecosystem 💼

Unlike traditional blockchains that can face bottlenecks and slow transaction times, UBIX’s DAG structure allows for faster transaction speeds, higher throughput, and lower fees⚡️

The UBX coin is currently undervalued, with a market cap under $1 million!

📉 This is not a pump-and-dump strategy, UBIX is a long-established project with low market capitalization and its own L0 protocol providing a strong foundation. The chart is showing strong potential 📊, an obvious good entry point! DYOR!

Don’t miss out on this rare opportunity to stock up on $UBX before the next big move! 💰

👉https://t.me/UBIX_Network
👉https://ubix.network/
👉 https://www.mexc.com/exchange/UBX_USDT

🌐 Ripple's RLUSD Stablecoin Takes on the World with Top Partners

➡️ Crafted for Enterprise, Built for Trust
Ripple's latest offering, RLUSD, isn't just another stablecoin. It's a meticulously designed digital asset that puts regulatory compliance and financial trustworthiness front and center.

➡️ Guided by the Best in the Business
With an advisory board featuring heavyweights like Sheila Bair and Chris Larsen, Ripple is leaving no stone unturned in ensuring RLUSD's success.

➡️ Regulation is Key
Operating under a New York Trust Company Charter, RLUSD will be subject to strict regulatory oversight from day one. This is Ripple's way of saying, "We're serious about doing things right."

💱 Available Everywhere You Trade
From Bitstamp to Bitso and Bullish, major exchanges are lining up to offer RLUSD. Whether you're an institutional investor or a retail trader, this stablecoin has got you covered.

⚖️ Stability for Global Transactions
Cross-border payments can be a headache, but RLUSD aims to change that. By reducing volatility and partnering with market makers like B2C2 and Keyrock, Ripple wants to make your international transactions smoother than ever.

📈 More Than Just Payments
RLUSD isn't stopping at payments; it's eyeing real-world asset tokenization too. Imagine trading commodities and securities on the blockchain – that's the future Ripple envisions.

💼 The CEO Speaks
Brad Garlinghouse himself believes that RLUSD is set to become the go-to stablecoin for enterprises. With a focus on compliance and demand already building up, it's hard to argue with his optimism.

💰 Backed by Real Value
Transparency is key in the world of stablecoins, and Ripple knows it. Monthly reports from independent auditors will verify that each RLUSD token is backed by a solid mix of U.S. dollar deposits, government bonds, and cash equivalents.

⚖️ Binance Vs SEC Lawsuit: Court Issues Major Orders, Stuns Crypto Market 😱

Multiple orders issued by Judge Amy Berman Jackson sends Ripple through the crypto market.

👉 Read more

🏦 CMB Wing Lung Bank Launches Virtual Asset ETF Trading in Hong Kong

🌟 CMB Wing Lung Bank has launched virtual asset exchange-traded fund (ETF) trading services in Hong Kong, becoming one of the first mainland-funded banks to do so. This new service enables customers to trade virtual asset ETFs, including those linked to major cryptocurrencies like Bitcoin and Ethereum, as well as ETFs focused on blockchain technology.

📈 The bank's offerings include access to both spot and futures ETFs on the Hong Kong Stock Exchange. A dedicated ETF section has been added to its mobile app, providing users with tools for real-time market tracking, educational materials, and seamless trading for both Hong Kong and U.S. stocks. Additionally, a Popular ETF Rankings feature has been introduced to help investors monitor market trends and identify potential opportunities.

🌍 Lam Suk-fan, Assistant General Manager of CMB Wing Lung Bank, emphasized that this new offering aligns with Hong Kong’s vision of becoming a global hub for virtual assets. He stated,

The Hong Kong Special Administrative Region Government is actively promoting the development of an international virtual asset centre.

Lam also mentioned that the bank will leverage its professional advantages in securities trading and wealth management, adhere to a customer-centric approach, and fully comply with regulatory policies to provide efficient and convenient virtual asset investment services to Hong Kong residents.

🚀 The press release indicated that CMB Wing Lung Bank plans to continue promoting financial innovation and enhancing its financial products and service system. The bank aims to develop into a commercial bank in Hong Kong that offers customers comprehensive cross-border and local financial services.

🛡 Transak Faces Ransomware Attack by Stormous

🔍 Transak, a fiat-to-crypto payment gateway, recently fell victim to a ransomware attack by the group Stormous on October 20, compromising the data of thousands of users. The company revealed that an attacker gained unauthorized access to an employee's laptop through a sophisticated phishing attack. This breach allowed the attacker to log into the system of a third-party KYC vendor used for document scanning and verification, resulting in access to specific user information stored in the vendor's dashboard.

📊 During the incident, the attacker obtained names, dates of birth, ID documents, and user selfies of over 92,000 customers. However, no financially sensitive information was compromised, including credit cards, Social Security Numbers, email addresses, phone numbers, and passwords. Transak assured that their financial systems' security measures remain robust and that they continue to protect all critical data to ensure the highest level of privacy and security for their users.

🔍 In response to the incident, Transak has engaged a cybersecurity firm and top forensic experts to investigate the hacking incident. The company has promised to contact affected users with resources to help them further protect themselves. Despite the breach, Transak stated that there is "no indication" that any of the stolen data has been misused.

We deeply empathize with how frustrating and disappointing this must be for the affected users

Our top company priority is taking action to protect users and fix any vulnerabilities to ensure nothing like this ever happens again.

🌟 The Stormous ransomware group has claimed responsibility for the attack and has even published some of the stolen Transak user data on its website. While an unnamed ransomware group reportedly claimed to have obtained financial data in the hack, Transak appears unwilling to negotiate with the alleged attacker.

⚠️ This breach could have significant repercussions as major players in the crypto industry, including Coinbase, BinanceUS, Trust Wallet, and others, rely on Transak's services. According to reports, the employee involved in the incident has since "exited" Transak.

November’s your final fire, light it up before SEED listing's out of sight! 🔥

Hey Seedizens, the clock’s ticking, and this is your last big move! If you've been holding back, now’s the time to jump in before it’s game over!

🔥 SEED burning has returned! Stay away too long, and your SEED will go up in smoke.

🪙 Your wallet will be linked to one Telegram account only, ensuring fairness for the upcoming airdrop. With a single connected wallet, you’ll have the chance to mint NFTs! Make sure you connect your frequently-used wallet! Need help? Check out the GUIDE here!

🥰 Big events with big partners are on the horizon, and all the listing details will be revealed soon!

No time to waste — November is the make-or-break moment. Get active, dominate tasks, and secure your SEED before the big listing hits.

COME BACK SEED HOME 🏡

💰 US Government-Linked Crypto Wallet Hacked for $20 Million

🚨 A crypto wallet associated with the US government, which contained Bitfinex seized funds, was reportedly hacked on Thursday, resulting in a loss of $20 million. According to blockchain intelligence firm Arkham, hackers drained Tether (USDT), USD Coin (USDC), aUSDC, and Ethereum (ETH) from the wallet. The stolen stablecoins were converted into ETH and transferred to multiple addresses labeled "Binance Deposit." Arkham suggests that the hacker has already started laundering the stolen funds through suspicious addresses linked to money laundering services.

⏳ Minutes before the hack, the US government withdrew $5.4 million from Aave, marking its first activity on that address in eight months. Additionally, another $1.12 million in Tether (USDT) was also pulled out. This timing raises questions about the security of government-linked crypto assets.

🔍 Blockchain investigator ZachXBT described the hack as "nefarious" and indicated that the flow of funds suggests theft was involved. This incident highlights the vulnerabilities even government-associated wallets face in the cryptocurrency space.

↪️ The hacked wallet was previously linked to a 2016 incident where a duo stole 120,000 Bitcoin (BTC), valued at approximately $8.2 billion today. The US Department of Justice seized these assets, marking it as one of the largest crypto seizures at that time. Investigators noted that the hacker's wallet used 1inch, an exchange aggregator, to swap stablecoins for Ethereum.

🔗 After the conversion, the Ethereum was shuffled in $40,000 chunks to a Binance deposit address. However, ZachXBT clarified that this was not a direct transfer to Binance but rather to "a nested exchange which uses Binance for liquidity." This incident underscores the complexities of tracing crypto transactions and the ongoing challenges in combating cryptocurrency-related crimes.

Following our successful campaign with OKX, we’re thrilled to announce our partnership with Binance, the world’s leading crypto exchange, to bring you an event like no other! 😮

How to claim your $600 Trading Fee Credit on Binance? Easy! 😎

1️⃣ Register on Binance through this link Binance x SEED Campaign or enter referral code SEEDcoin.
2️⃣ Complete KYC verification to activate your account.
3️⃣ Receive your credit directly in your Binance account. Your voucher will be valid from Mon, Oct 28th.

⚠️ Sneak Peek: Seedizens, finish your KYC requirement on Binance — you’ll thank us when the next big thing rolls out!

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📈 Hong Kong to Launch Benchmark Indices for Bitcoin and Ethereum

🌐 Hong Kong's bourse operator, HKEX, is set to enhance its role as Asia's digital asset hub by launching benchmark indices for Bitcoin and Ethereum on November 15. This initiative aims to address the global price discrepancies of virtual assets and provide investors with real-time benchmark prices to aid their decision-making.

💱 The HKEX Virtual Asset Index Series will include volume-weighted indices for Bitcoin and Ethereum, denominated in US dollars and updated in real-time. It will also feature daily exchange rates calculated at 4:00 pm Hong Kong time for settling financial products. This series will adhere to the European Union’s Benchmark Regulation (BMR) standards and will be managed in collaboration with a UK-registered benchmark administration entity, with contributions from CCData, a specialist in virtual asset data and index services.

📊 This launch aligns with Hong Kong's 2022 policy to build a robust virtual asset ecosystem and is expected to increase public awareness of virtual asset investment patterns through accurate, real-time data. Key components of this transformation include establishing licensing requirements for virtual asset service providers and formulating crypto regulations.

🛡 The Securities and Futures Commission (SFC) has played a crucial role in expanding retailv investor access to virtual assets by introducing mechanisms like Exchange Traded Funds (ETFs) for cryptocurrencies. Additionally, the SFC is expediting the licensing process for Virtual Asset Trading Platform (VATP) applicants with provisional approval. This accelerated process will involve on-site assessments and discussions with the senior leadership of these entities, with the regulator expecting to issue the first round of official licenses to VATP applicants before the year ends.

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🎃 Unlock SEED’s Spooky Codes If You Dare! 👻

This Halloween, SEED YouTube has more than just videos – it’s full of spooky surprises! 🤯 Each video hides a secret code, waiting to be spotted by watchful Seedizens.

ℹ️ Keep a close eye on every second, and you’ll see letters pop up on screen. Once you've cracked the code, enter it in the ▶️ Academy Section ▶️ and enjoy your rewards!

So, Seedizens, get ready to jump into the videos and search for these hidden letters. You never know what rewards are waiting! 🌈

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FINDING THE HIDDEN LETTERS 👻

💰 MicroStrategy Poised for Profitability by 2025

📈 MicroStrategy may soon transition to profitability due to its significant Bitcoin holdings and expected changes in crypto asset accounting rules. A recent Bloomberg report indicates that new standards permitting firms to value digital assets at market prices could enable MicroStrategy to shift from negative to positive earnings by 2025.

➡️ The company's extensive Bitcoin reserves, acquired under Chairman Michael Saylor's strategy to mitigate inflation, could play a crucial role if revalued at current market rates. Analysts suggest that adjusting Bitcoin's valuation on MicroStrategy's balance sheet could add billions to its reported income.

📊 Lance Vitanza, managing director of equity research at TD Cowen, remarked on the potential stabilization of MicroStrategy's stock performance following its recent surge. He stated,

I think that the stock is going to stop skyrocketing

and projected that the stock price will settle between $200 and $215.

🔄 Analyst estimates suggest that MicroStrategy could achieve a net income of $2 billion next year, a significant turnaround from the anticipated $200 million loss for this year. Mark Palmer, managing director at Benchmark Co., expressed optimism about the company's financial outlook, stating,

The company will be in a position pretty much overnight to flip from negative earnings to positive earnings

📈 The recent rise in Bitcoin's value to $71,995, marking a 7.9% weekly gain and a new all-time high against the euro, underscores the favorable market conditions for MicroStrategy's Bitcoin-heavy portfolio. This potential shift towards profitability could make MicroStrategy eligible for inclusion in more investment indexes, thereby expanding its investment reach and appeal.

💼 With over $18 billion in Bitcoin, MicroStrategy stands as one of the largest corporate investors in the cryptocurrency space.

➡️ Memecoins, Market Manipulation, and Michael Saylor's Controversial Comments

🎉 Last week in the crypto world was filled with excitement, from the influence of memecoins to allegations of market manipulation involving Polymarket, and Michael Saylor's controversial remarks about custodial bitcoin.

💫 Memecoins continue to demonstrate their power in the market. Many serious traders and builders have been discussing them enthusiastically, showing that even the most serious individuals can be drawn in by their appeal. Two notable memecoins currently in the spotlight are FARTCOIN and KWIF, which are both humorous and intriguing.

📉 This week, Polymarket faced criticism due to its prediction market showing Trump leading in comparison to polls. Skeptics, particularly from mainstream media, accused it of market manipulation, claiming that wealthy individuals with agendas were skewing the odds. However, it's important to remember that anyone can take the opposite side of those bets.

If you think people are using millions of dollars trying to influence an outcome instead of making predictions, you should take the other side!

🔍 A more legitimate criticism of Polymarket is that it publishes its trading volume while obscuring open interest (OI). This could create a false perception of robust market depth. Despite this, Polymarket still has the most liquid betting market for the U.S. presidential election.

📊 Two papers were released this week from central bank-affiliated individuals criticizing Bitcoin. The first claimed Bitcoin exacerbates wealth inequality, while the second argued that prohibiting Bitcoin could help governments manage permanent primary deficits.

🤪 Michael Saylor stirred controversy with his comments suggesting that custodial bitcoin is safer from government seizure. He dismissed those who disagreed as "paranoid crypto anarchists." This sparked widespread backlash, including a response from Vitalik who called Saylor's remarks

batshit insane.

💰 On a positive note, payments company Stripe acquired stablecoin platform Bridge for $1.1 billion. This marks the largest acquisition in the crypto industry to date and legitimizes crypto to Silicon Valley funds and companies that are still uncertain about it.