🚀 BitVM Alliance Formed to Develop First BitVM Bridge by Year-End
#BitVM #BitVMAlliance #ZKP #Fiamma #Zerosync #ElementLabs #Citrea #Strata #Blockchain #Crypto
According to Foresight News, the on-chain ZKP verification infrastructure based on BitVM2 and the Babylon ecosystem infrastructure project Fiamma have joined the BitVM Alliance. This alliance, organized by BitVM founder and core developer Robin Linus, was internally established a month ago. The alliance includes five teams: Fiamma, Zerosync, Element Labs, Citrea, and Strata (incubated by Alpen Labs). These teams are all core contributors to the BitVM code. The primary goal of the alliance is to develop the first BitVM bridge by the end of the year.#BitVM #BitVMAlliance #ZKP #Fiamma #Zerosync #ElementLabs #Citrea #Strata #Blockchain #Crypto
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🚀 Bitcoin(BTC) Drops Below 67,000 USDT with a 0.68% Decrease in 24 Hours
#Bitcoin #BTC #USDT #cryptocurrency #marketdata #trading
On Oct 23, 2024, 03:20 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 67,000 USDT and is now trading at 66,984.007813 USDT, with a narrowed 0.68% decrease in 24 hours.#Bitcoin #BTC #USDT #cryptocurrency #marketdata #trading
🚀 US Lawmakers Push for Cryptocurrency Legislation by Year-End
#Cryptocurrency #Legislation #USLawmakers #Bipartisan #DigitalAssets #FIT21 #Stablecoin #WashingtonFintechWeek #MarketStructure #RegulatoryFramework
According to Odaily, an increasing number of bipartisan U.S. lawmakers are expressing hope that Congress will pass significant cryptocurrency-related legislation by the end of the year. Both Democrats and Republicans in the House and Senate are optimistic that the so-called 'lame-duck' session—from the November presidential election until the dissolution of the 118th Congress at the end of the year—can be utilized to finally legalize many areas of the cryptocurrency industry.
New York Senator Kirsten Gillibrand, speaking at Washington Fintech Week, stated, 'I think it would be great if we could complete a market structure bill during the lame-duck session.' She referred to bills like FIT21, which would create a federal framework for regulating digital assets. Gillibrand elaborated that with several pro-cryptocurrency lawmakers retiring from Congress over the Christmas period, including House Financial Services Committee Chairman Patrick McHenry and Senator Debbie Stabenow, there might be enough collective willpower in December to finally push through some cryptocurrency legislation.
'I know Chairman McHenry is leaving, and this is his top priority,' Gillibrand said. 'I hope he can work with me and Senator Cynthia Lummis, along with senior members of the House Financial Services Committee like Maxine Waters, to propose some market structure or stablecoin recommendations before this Congress ends. That would be very powerful.'
On Tuesday, House Financial Services Committee Vice Chairman, Representative French Hill, echoed similar sentiments during his speech at Washington Fintech Week. He agreed that multiple cryptocurrency legislations are likely to become law before the new year, stating, 'I remain optimistic that the regulatory framework bill FIT21 and the stablecoin bill might be considered during the lame-duck session.'#Cryptocurrency #Legislation #USLawmakers #Bipartisan #DigitalAssets #FIT21 #Stablecoin #WashingtonFintechWeek #MarketStructure #RegulatoryFramework
🚀 BNB Drops Below 590 USDT with a 1.54% Decrease in 24 Hours
#BNB #USDT #cryptocurrency #Binance #marketdata #trading #priceupdate #decrease
On Oct 23, 2024, 03:30 AM(UTC). According to Binance Market Data, BNB has dropped below 590 USDT and is now trading at 589.599976 USDT, with a narrowed 1.54% decrease in 24 hours.#BNB #USDT #cryptocurrency #Binance #marketdata #trading #priceupdate #decrease
🚀 Amber Group Receives 2000 ETH From Unknown Address
#AmberGroup #ETH #iChainfo #cryptocurrency #blockchain #unknownaddress
According to Odaily, monitoring by iChainfo has revealed that Amber Group (0xba29…f59c) received 2000 ETH, approximately valued at $5.23 million, from an unknown address (0x7746…3224).#AmberGroup #ETH #iChainfo #cryptocurrency #blockchain #unknownaddress
🚀 Opti Games Secures $2 Million Funding For Sparkball Development
#OptiGames #Sparkball #funding #investment #L1D #CMSHoldings #ImpossibleFinance #YGG #Monad #gaming #sports #event
According to Foresight News, Opti Games, the studio behind the sports fighting game Sparkball, has announced the completion of a $2 million funding round. The investment was led by L1D, with participation from CMS Holdings, Impossible Finance, YGG, Monad CEO Keone Hon, and his angel investment group Purple. Sparkball is planned to be built on the Monad chain. Opti Games is set to launch the Sparkball Season Zero event soon.#OptiGames #Sparkball #funding #investment #L1D #CMSHoldings #ImpossibleFinance #YGG #Monad #gaming #sports #event
🚀 US Spot Ethereum ETF Sees Significant Inflow
#Ethereum #ETF #BlackRock #inflow #investment
According to BlockBeats, on October 23, Farside monitoring reported a net inflow of $11.9 million into the US spot Ethereum ETF. Notably, all of this inflow was attributed to BlackRock's ETHA, which saw an influx of $11.9 million.#Ethereum #ETF #BlackRock #inflow #investment
🚀 Anthropic Unveils Claude 3.5 Sonnet With Advanced Computer Usage Feature
#Anthropic #Claude3.5 #AI #ArtificialIntelligence #Technology #ComputerUsage #PublicTesting #ScreenInteraction #MouseOperations #TextInput #Coding #Efficiency
According to PANews, artificial intelligence company Anthropic has announced the release of an upgraded version of its AI, Claude 3.5 Sonnet. This new version introduces a groundbreaking 'computer usage' feature, enabling the AI to operate a computer like a human and perform complex tasks. Currently in the public testing phase, this technology supports task execution through screen interaction, mouse operations, and text input.
In addition to Claude 3.5 Sonnet, Anthropic has also introduced a new model named Claude 3.5 Haiku. This model is designed to handle code tasks with greater speed and cost-efficiency. The release of Claude 3.5 Haiku is scheduled for the end of this month.#Anthropic #Claude3.5 #AI #ArtificialIntelligence #Technology #ComputerUsage #PublicTesting #ScreenInteraction #MouseOperations #TextInput #Coding #Efficiency
🚀 European Central Bank Discusses Potential Rate Cuts Below Neutral Level
#EuropeanCentralBank #RateCuts #InterestRates #EasingCycle #MonetaryPolicy
According to Odaily, sources have revealed that policymakers at the European Central Bank have initiated discussions on whether interest rates should be reduced below the neutral level during the current easing cycle.#EuropeanCentralBank #RateCuts #InterestRates #EasingCycle #MonetaryPolicy
🚀 Blackstone CEO Predicts U.S. Economic Stability Post-Election
#Blackstone #StephenSchwarzman #USEconomy #EconomicStability #PresidentialElection #InterestRates #EconomicGrowth #Investment #GlobalTransactions
According to Odaily, Blackstone Group Chairman and CEO Stephen Schwarzman stated in an interview in Tokyo on Wednesday that the United States is likely to avoid an economic recession regardless of the outcome of the presidential election. Schwarzman emphasized that both candidates have policies aimed at stimulating economic growth.
Schwarzman noted that with U.S. interest rates potentially continuing to decline, the environment for transactions and investment exits is improving. He remarked, 'It is essentially a matter of interest rates and economic growth. Interest rates will continue to fall, which will drive more buying and selling transactions.'
He also mentioned that transactions in Japan, India, and Australia are expected to remain active. Despite Europe's economic growth being potentially the lowest among developed countries, Schwarzman believes this could still present opportunities.#Blackstone #StephenSchwarzman #USEconomy #EconomicStability #PresidentialElection #InterestRates #EconomicGrowth #Investment #GlobalTransactions
🚀 Vitalik Buterin Discusses Future Digital Society On ETHPanda Talk
#VitalikButerin #ETHPandaTalk #DigitalSociety #Ethereum #FutureTechnology #Innovation #Podcasts #Humanity #LongevityTechnology
According to PANews, Ethereum founder Vitalik Buterin recently appeared on ETHPanda Talk to discuss the potential digital society 100 years from now. Over the past decade, Ethereum has established a robust infrastructure, and the next ten years will focus on exploring more applications based on Ethereum to benefit humanity.
The decision to envision a society 100 years into the future aims to break free from current constraints and imagine an ideal digital future. This timeframe is considered manageable, given the rapid advancements in longevity technology, allowing many to witness this transformation firsthand.
The video is a repost from ETHPanda Talk, a podcast series that interviews prominent Ethereum builders, sharing their stories, ideas, and thoughts to inspire further development.#VitalikButerin #ETHPandaTalk #DigitalSociety #Ethereum #FutureTechnology #Innovation #Podcasts #Humanity #LongevityTechnology
🚀 Andre Cronje Reveals Blockchain Operation Costs for Sonic Labs
#AndreCronje #SonicLabs #Blockchain #OperationCosts #Fantom #CryptoExpenses #Oracles #Stablecoins #RPC #Indexing #Dashboards #VRF #Governance #RiskManagement #LegalFees #Compliance #Infrastructure #Marketing #Bounties #Sponsorships #Media #RegulatoryCosts #EventCosts #CryptoFinance
According to Foresight News, Andre Cronje, co-founder of Sonic Labs (formerly Fantom), has disclosed the real costs associated with running a blockchain, even if only partially successful. Cronje detailed that the initial costs for oracles and stablecoins amount to $7.5 million, with annual costs of $3.5 million. Additionally, the initial costs for RPC, indexing, and dashboards are $200,000, with yearly expenses of $70,000. Other annual costs include $50,000 for VRF, keepers, wallet support, and governance, and $80,000 for explorers, custody, and risk management, totaling $13.2 million. These figures apply specifically to Sonic Labs.
Cronje also provided a breakdown of Sonic Labs' expenses from the previous year. Research and development costs were $10.9 million, while the ecosystem expenses reached $10.7 million. Legal fees amounted to $410,000, and compliance costs were $3.8 million. Infrastructure expenses were $2.4 million, marketing costs were $1.4 million, bounties were $1.2 million, sponsorships were $400,000, media expenses were $350,000, regulatory costs were $200,000, and event costs were $100,000. The total costs for the year amounted to $35.6 million. Cronje noted that these figures do not include the costs associated with listing on exchanges, which they fortunately do not need to do this year.#AndreCronje #SonicLabs #Blockchain #OperationCosts #Fantom #CryptoExpenses #Oracles #Stablecoins #RPC #Indexing #Dashboards #VRF #Governance #RiskManagement #LegalFees #Compliance #Infrastructure #Marketing #Bounties #Sponsorships #Media #RegulatoryCosts #EventCosts #CryptoFinance
🚀 Japan's Conservative Stance on Cryptocurrency ETFs Highlights Regulatory Hesitation
#Japan #Cryptocurrency #ETFs #Regulation #DigitalAssets #TaxPolicy #Investment #AssetManagement #MarketDistinction
According to BlockBeats, the approval of spot cryptocurrency ETFs in the United States, Hong Kong, and other markets has highlighted Japan's conservative and distinct regulatory approach. Japan has long positioned itself as a digital asset-friendly nation, aiming to become a larger asset management hub. However, at the policy level, Japan remains hesitant to relax restrictions, remove tax and regulatory barriers, and promote widespread adoption of cryptocurrencies. Despite some Japanese companies preparing to launch digital asset products, tax and regulatory constraints remain significant obstacles.
In Japan, general cryptocurrency investment gains are classified as miscellaneous income, with a maximum tax rate of 55%. However, ETFs traded on the securities market are considered capital gains, subject to a lower tax rate of approximately 20%, making it a more attractive option for investors seeking portfolio diversification through digital assets. Spot cryptocurrency ETFs would also benefit from tax advantages such as loss carryforwards. However, according to Keisuke Kimura, Vice President of the Japan Crypto Asset Business Association and former financial advisor at SMBC Nikko Securities, significant changes are needed for regulators to take action and introduce these potential tax benefits.#Japan #Cryptocurrency #ETFs #Regulation #DigitalAssets #TaxPolicy #Investment #AssetManagement #MarketDistinction
🚀 Web3 Platform Talent Protocol To Launch Talent Token On Base Chain
#Web3 #TalentProtocol #TALENTtoken #BaseChain #Basecoin #ReputationEcosystem
According to Odaily, Web3 platform Talent Protocol has announced that it will launch the TALENT token on the Base chain on October 29 at 20:00 UTC+8. TALENT is a Basecoin designed to create an open reputation ecosystem.#Web3 #TalentProtocol #TALENTtoken #BaseChain #Basecoin #ReputationEcosystem
🚀 Ethereum-Based Meme Project MAGA Sees Significant Price Surge
#Ethereum #MemeProject #MAGA #PriceSurge #Cryptocurrency #MemeCoin #MarketCapitalization #ETH
According to Odaily, the on-chain data indicates that the price of the Ethereum-based meme project MAGA has surpassed $0.00003093, marking a 114% increase within one hour. The market capitalization of MAGA has now reached $1.3 million. MAGA, which stands for Make America Great Again, is a meme coin themed around the U.S. presidential election.#Ethereum #MemeProject #MAGA #PriceSurge #Cryptocurrency #MemeCoin #MarketCapitalization #ETH
🚀 Ethereum-Based Meme Coin Daram To Appear On Nasdaq Screen In Times Square
#Ethereum #MemeCoin #Daram #Nasdaq #TimesSquare #FairMinting #Blockchain #Cryptocurrency #InvestmentRisks #ETH
According to BlockBeats, the Ethereum network's meme coin Daram will be featured on the Nasdaq advertising screen in New York's Times Square on October 25 at 11:30 local time. Daram is a meme project minted fairly on the Ethereum network, with over 42,000 addresses participating on the night of its release.
The fair minting process has gained popularity in the meme market due to its perceived fairness, leading to its adoption by multiple public chains. Currently, Daram has a market value of $12 million.
BlockBeats advises users to exercise caution when investing in meme coins, as they currently lack practical use cases and are subject to significant price volatility.#Ethereum #MemeCoin #Daram #Nasdaq #TimesSquare #FairMinting #Blockchain #Cryptocurrency #InvestmentRisks #ETH
🚀 Beyond Inc. To Lay Off 20% Of Workforce In Q4
#BeyondInc #layoffs #cryptocurrency #workforce #CPO #October2024
According to Odaily, cryptocurrency concept stock Beyond Inc. is set to lay off approximately 20% of its workforce. The layoffs are expected to be primarily implemented in the fourth quarter of this year. Additionally, the company's Chief Product Officer (CPO), Robinson, has been dismissed without cause, effective from October 22, 2024.#BeyondInc #layoffs #cryptocurrency #workforce #CPO #October2024
🚀 JellyC And Trovio Asset Management Merge To Attract Institutional Investors
#JellyC #TrovioAssetManagement #merger #cryptocurrency #hedgefund #institutionalinvestors #pensionfunds #digitalassets #Australia #superannuationfunds #regulations #assetsundermanagement
According to Odaily, cryptocurrency hedge fund management companies JellyC and Trovio Asset Management have merged, aiming to attract institutional investors such as pension funds. Executives from the companies revealed that Australia-based JellyC will become the majority shareholder of the merged entity. Michael Prendiville, co-founder of JellyC, stated that the merger will help open doors to large investors in the Asia-Pacific region, eventually including Australia's superannuation funds. To date, Australia's AUD 3.9 trillion (USD 2.6 trillion) pension industry has been reluctant to invest in digital assets. However, with Australia tightening cryptocurrency regulations, Prendiville expects this situation to change in the coming years. Prendiville mentioned that the merged business aims to increase its total assets under management by 150% from current levels to AUD 250 million by mid-2026. Trovio CEO Jon Deane indicated that Trovio will eventually sell its stake in the merged business, though no timeline was provided.#JellyC #TrovioAssetManagement #merger #cryptocurrency #hedgefund #institutionalinvestors #pensionfunds #digitalassets #Australia #superannuationfunds #regulations #assetsundermanagement
🚀 NGV Co-Founder And MakerDAO Founder Engage In Significant ENA Transactions
#NGV #MakerDAO #ENA #cryptocurrency #staking #Pendle #USDC
According to BlockBeats, on October 23, The Data Nerd reported that an address suspected to belong to NGV co-founder Christian received 2 million ENA tokens, equivalent to approximately $768,000. All of these tokens were subsequently staked on Pendle.
Additionally, 12 hours earlier, MakerDAO founder Rune Christensen received 2.04 million ENA tokens, valued at around $777,000. Christensen then converted these tokens into 774,000 USDC.#NGV #MakerDAO #ENA #cryptocurrency #staking #Pendle #USDC
🚀 Sofiane Larbi Joins Paradigm As Entrepreneur In Residence
#SofianeLarbi #Paradigm #EntrepreneurInResidence #ConsumerApplications #Cryptocurrencies #PredictionMarket #TMRNEWS #ConsumerBuilder #Innovation #Gaming
According to Odaily, Sofiane Larbi has joined Paradigm as an Entrepreneur in Residence, focusing on developing next-generation consumer applications that support cryptocurrencies. Larbi is a seasoned consumer builder, having recently launched the innovative prediction market TMR.NEWS. His previous experience includes developing applications in the dating, social, and gaming sectors.#SofianeLarbi #Paradigm #EntrepreneurInResidence #ConsumerApplications #Cryptocurrencies #PredictionMarket #TMRNEWS #ConsumerBuilder #Innovation #Gaming
🚀 Celestia Labs Reveals Mammoth Mini Testnet Results
#CelestiaLabs #MammothMini #Testnet #DataThroughput #Blockchain #FBSS #Vacuum #QUIC #P2P #CoreDeveloperCommunity #Roadmap #1GBBlocks
According to Foresight News, Celestia Labs has announced the results of its Mammoth Mini testnet proof of concept, achieving an average permissionless data throughput of 27 MB/s. Several improvements, such as FBSS, have moved from the research phase to the design phase. Other enhancements, including Vacuum! and the redesigned QUIC-based p2p stack, are currently in the prototype and MVP stages and are undergoing iterative improvements. The core developer community aims to propose these enhancements for deployment by 2025.
In September, the Celestia core developer community released a roadmap to significantly scale data throughput to achieve the next major milestone: 1GB blocks.#CelestiaLabs #MammothMini #Testnet #DataThroughput #Blockchain #FBSS #Vacuum #QUIC #P2P #CoreDeveloperCommunity #Roadmap #1GBBlocks