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 🏡

🚀 Exclusive Opportunity: Get in Early with CratD2C!

🌟 Private Round Open NOW!
💰 Buy $CRAT for just $0.27 (Normally $0.75)!
📈 Limited-time offer for savvy investors looking to capitalize on the future of blockchain.

✅ Minimum Investment: $200
💥 Secure your spot before the price surges!

🔗 Join the revolution today at:
cratd2csmartchain.io
🟢Learn More about "CratD2C"
📱Telegram
📱Twitter
📱Discord

🚫 Microsoft Urges Shareholders to Reject Bitcoin Investment Proposal

➡️ Microsoft is advising its shareholders to oppose a proposal from a think tank advocating for Bitcoin investments. The tech giant argues that such an investment does not align with their long-term interests and is unnecessary as their management already considers this topic carefully.

Past evaluations have included Bitcoin and other cryptocurrencies among the options considered, and Microsoft continues to monitor trends and developments related to cryptocurrencies to inform future decision making

said the company.

📉 Microsoft emphasized the importance of stability in corporate treasury decisions, especially given the volatility of cryptocurrencies. Major shareholders like Vanguard, BlackRock, and State Street must take this factor into account when evaluating investments for corporate treasuries, which rely on predictability to maintain liquidity.

Microsoft has strong and appropriate processes in place to manage and diversify its corporate treasury for the long-term benefit of shareholders and this requested public assessment is unwarranted

it further stated.

➡️ The National Center for Public Policy Research plans to present its Bitcoin diversification proposal at Microsoft’s upcoming annual meeting on December 10. The think tank cites MicroStrategy as an example, noting that its Bitcoin investment strategy led to a 300% increase in stock performance despite less business activity compared to Microsoft.

And they’re not alone. The institutional and corporate adoption of Bitcoin is becoming more commonplace

it added, pointing out that BlackRock, Microsoft’s second-largest shareholder, offers a Bitcoin ETF to its clients.

💰 The think tank suggests that companies should consider investing at least 1% of their assets in Bitcoin. Earlier this year, Microsoft made a significant investment of $1.5 billion in UAE-based AI company G42 to enhance its presence in the AI sector.

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!

#SEEDPartnership 5️⃣

⚠️ India's Central Bank Governor Warns Against Cryptocurrencies

👀 Shaktikanta Das, the Governor of India's central bank, has reiterated his concerns about cryptocurrencies, emphasizing their potential to disrupt financial systems. Speaking at the Peterson Institute for International Economics during Macro Week 2024, he explained why the Reserve Bank of India (RBI) approaches crypto with caution.

💬 Das pointed out that cryptocurrencies were designed to circumvent traditional financial systems. He raised a critical question:

Are authorities or governments comfortable with privately issued cryptocurrencies possessing all the features of currency?

He argued that issuing currency is a sovereign function and that allowing cryptocurrencies to thrive could remove parts of the economy from central bank control, leading to monetary instability.

⚠️ He elaborated on the risks, particularly how crypto could undermine the central bank’s ability to manage the money supply, which is essential for controlling inflation and managing economic cycles.

If the central bank loses control of money supply in the economy… how does the bank check liquidity available in the system?

he queried, highlighting the potential chaos in financial and monetary systems if cryptocurrencies were to become prevalent.

⚡️ India has adopted a cautious and regulated approach to cryptocurrencies. Initially, it banned banks from dealing in these assets, but this restriction was later lifted. Despite this change, India’s stance on crypto remains largely conservative. Finance Minister Nirmala Sitharaman introduced a 30% tax on crypto earnings with no deductions allowed, reflecting a regulatory shift that suggests cryptocurrencies are recognized in India’s financial framework but remain under strict oversight.

🤔 Governor Das has often questioned the intrinsic value of digital assets, suggesting they could be part of a speculative bubble. International developments, like the US SEC’s approval of Bitcoin ETFs, have not altered his stance on cryptocurrencies. However, he has not completely dismissed the idea of digital currencies. The RBI is actively exploring a Central Bank Digital Currency (CBDC) or digital rupee, which would operate under the RBI’s control to maintain the integrity of monetary policy.

🌍 Furthermore, Das has called for international coordination due to the cross-border nature of cryptocurrencies. He envisions a global understanding and possibly regulation of cryptocurrencies to mitigate risks comprehensively.

Introducing the revolutionary Somnia blockchain with the NEW Multistream Consensus! ⚡️ Experience speeds of over 400k TPS, perfect for gaming and Mass Consumer - Large-scale apps!

Why should you get involved?

🏆 Unmatched Speeds: More than 400k transactions per second for seamless gaming and app experiences.

💸 No More Gas Wars: Handle high-density scenarios without the bottleneck.

🏆 Somnia Quest: Complete tasks, earn rewards, and be part of our vibrant community.

💥 Strong Backing: Supported by industry leaders like Improbable, MSquared, and Yuga Labs.

🚀 Join Our Devnet Early: Get a head start in building on the most scalable blockchain.

Don’t miss this opportunity to be at the forefront of blockchain innovation! 💰

Join Somnia quest and start earning 👉 bit.ly/SM-RTD-BL-EB

🎃 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! 🌈

☠️ Here’s a hint: the more codes you collect, the more rewards you earn!

FINDING THE HIDDEN LETTERS 👻

🛠 VanEck and Kiln Collaborate for Regulated Solana Staking

➡️ VanEck, a crypto-friendly asset manager known for its spot Bitcoin exchange-traded funds (ETFs) in the U.S., has teamed up with Kiln, an enterprise staking service provider. This partnership aims to provide regulated access to Solana staking rewards as part of VanEck's broader Solana strategy, which includes various investment products like exchange-traded notes (ETNs) and ETFs.

🔗 Staking allows Solana (SOL) holders to earn rewards by participating in the blockchain's validation process. With Kiln's integration, VanEck's institutional clients can incorporate Solana staking into their portfolios without the need to manage or stake SOL tokens directly. Kiln, which manages over 2.5% of the Solana network, offers competitive staking rates through its Jito-Solana integration, all supported by a SOC 2 Type II certified infrastructure.

📈 This announcement comes after a successful year for crypto, driven by the approval of spot Bitcoin ETFs in the U.S. Since January, these products have attracted over $23.35 billion in investments, pushing Bitcoin to a new all-time high in 2024. However, Ether ETFs have not seen the same enthusiasm, experiencing a cumulative net outflow of $485 million.

🌍 The next potential area for crypto ETFs could be Solana, which has a market capitalization exceeding $83 billion and a total value locked (TVL) of over $6.3 billion. Both VanEck and 21Shares have applied for spot Solana ETFs this summer, but discussions with the Securities and Exchange Commission (SEC) have reportedly stalled due to concerns about Solana's classification as a security under U.S. regulations.

➡️ In contrast, Europe offers a more favorable market for regulated Solana investment products. 21Shares’ Solana staking ETP, ASOL, has over $1 billion in assets under management (AUM), while competitors like CoinShares and Valour each manage around $300 million. VanEck’s European Solana fund, VSOL, is smaller with about $86 million in AUM but is positioned for growth through staking rewards.

🚀 The partnership with Kiln enables VanEck to tap into the increasing demand for regulated access to Solana and its staking rewards, especially in Europe. The future of the U.S. market in this regard will likely depend on regulatory clarity and the results of the upcoming presidential election.

🌐 Cross-Border Finance Revolution: Three Nations Pioneer Digital Asset Integration

➡️ The Hong Kong Monetary Authority (HKMA) has announced two major partnerships with the Bank of Thailand (BOT) and Brazil’s Banco Central do Brasil (BCB) to enhance cross-border tokenization. These collaborations are part of HKMA’s Project Ensemble and aim to integrate central bank digital currency (CBDC) infrastructures for streamlined tokenized transactions.

🔗 With the BOT, the HKMA plans to explore Payment versus Payment (PvP) and Delivery versus Payment (DvP) scenarios to facilitate trade payments and manage carbon credits. This builds on a 2019 fintech cooperation agreement. Alisara Mahasandana, Deputy Governor of Corporate Development at the BOT, emphasized the initiative's benefits:

Through our collaborative efforts in exploring the interoperability of tokenisation, mutual benefits for both Hong Kong and Thailand could be reaped.

🌍 In its partnership with BCB, the HKMA will connect the Ensemble Sandbox with Brazil’s Drex pilot platform to investigate PvP and DvP transactions across borders. The Drex CBDC is central to this effort. The HKMA stated:

The Drex pilot aims to support the development of a tokenised financial market in Brazil.

➡️ Alibaba's Metaverse Unit Faces Layoffs Amid Industry Shift

➡️ Alibaba has recently laid off employees at its metaverse unit, Yuanjing, reflecting a broader trend of diminishing interest in metaverse projects among major Chinese corporations. The layoffs primarily affected operations in Shanghai and Hangzhou.

Despite the cuts, a source indicated that Yuanjing will continue to operate but will shift its focus towards metaverse applications and tools.

📉 This move aligns with the strategy of U.S. tech giant Meta, which has persisted in investing in its loss-making Reality Labs division despite significant financial losses. Reality Labs reported a staggering $4.4 billion loss in the third quarter alone, bringing its total losses since 2019 to over $50 billion. Meta founder Mark Zuckerberg continues to emphasize the potential of Reality Labs even as it also laid off some employees in October 2023.

⚖️ Chinese tech companies that have invested in the metaverse, including Tencent, have faced regulatory challenges and a declining economic environment, prompting a reevaluation of their strategies. Tencent has encountered issues related to user data and content regulation since embracing the metaverse trend in 2021.

🔄 In contrast, some Chinese tech firms like Baidu are scaling back their metaverse-related activities to concentrate on artificial intelligence (AI), which is currently generating significant hype.

⚖️ SEC Commissioner Advocates for Reduced Crypto Enforcement Amid Regulatory Shift

🗣 U.S. Securities and Exchange Commission (SEC) Commissioner Mark Uyeda has expressed support for a shift in the SEC's approach to cryptocurrency regulation. He suggests a potential pause on enforcement actions against crypto firms for registration failures, emphasizing the need for clear regulatory guidelines instead.

The Commission’s war on crypto must end, including crypto enforcement actions solely based on a failure to register with no allegation of fraud or harm,

Uyeda stated. He highlighted that President-elect Donald Trump and the American electorate have sent a clear message for the SEC to carry out this mandate starting in 2025.

📉 Uyeda's position aligns with Trump's campaign promise to reduce enforcement efforts led by current SEC Chair Gary Gensler, who has implemented over 100 regulatory actions against crypto companies. While some cases involved serious misconduct, others targeted firms like Coinbase and Ripple for alleged unregistered securities sales.

⚖️ Gensler's assertion that

all crypto tokens aside from bitcoin and ether are securities under the SEC’s jurisdiction

has faced significant opposition. Uyeda and fellow SEC Commissioner Hester Peirce advocate for a framework prioritizing guidance over enforcement. Peirce promotes “safe harbors” for emerging blockchain and AI ventures, allowing them to operate under SEC observation without immediate penalties.

🚀 Trump has pledged to fire Gensler on his first day in office. Peirce, known as “Crypto Mom” for her supportive stance on digital assets, reportedly prefers leading an internal SEC “crypto task force” rather than becoming chair. This task force would focus on re-evaluating the agency’s approach to crypto regulation and establishing open communication with industry participants to promote regulatory clarity.

📈 Bybit Sees Surge in Futures Trading Volume Amid New Listings

📊 In the competitive crypto exchange landscape, Bybit reported a 61% increase in futures trading volume between September and October, reaching $639 billion, according to data from Wu Blockchain. The Dubai-based exchange attributes this growth to its new cryptocurrency listings, which included popular new coins and trending meme coins.

➡️ Bybit highlighted that recent additions like GOAT, MOODENG, and GRASS have broadened the platform’s appeal to a diverse set of retail traders. The company emphasized that embracing the meme coin trend—a significant focus within the crypto sector—has improved its market position. Listings of coins such as MOTHER, NEIROCTO, and SPX attracted substantial trading activity from meme coin communities, enhancing retail engagement.

♾ Additionally, Bybit reported growth in its institutional client base, driven by its commitment to security and regulatory compliance. The exchange stated that institutional investors, including hedge funds and asset managers, increasingly recognize Bybit’s tools and risk management features as advantageous.

📈 Shunyet Jan, Bybit’s head of institutional and derivatives, noted that the increase in volume underscores the strength of Bybit’s derivatives offerings and reflects sustained confidence in the platform. Bybit continues to invest in its trading features to secure a strong position in the competitive digital asset sector.

We are thrilled to see Bybit’s derivatives business achieve such impressive results

the Bybit executive told Bitcoin News.

This underscores the strength of our products and services, as well as the market’s confidence in Bybit. We will continue to invest in our platform and provide an exceptional trading experience for our users, solidifying our position as an industry leader.