šØ Nvidia Gets āBigā Scandal With DOJ And SEC
The Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) have filed a petition with the Supreme Court, supporting a class action lawsuit against Nvidia. The reason? Nvidia is accused of ācovering upā more than $1 billion in revenue from selling GPUs to crypto miners in 2017-2018, while publicly announcing profits from the gaming segment. The incident was discovered during the 2018 downtrend when Nvidiaās revenue suddenly plummeted. Although the lawsuit was initially dismissed, the DOJ and SEC believe there is now enough evidence to proceed, including āexposeā testimony from former Nvidia employees and a āvaluableā report from the Bank of Canada showing that the company had personally reduced crypto revenue by $1.35 billion! If this lawsuit is approved by the Supreme Court, it will be a "painful blow" not only for Nvidia but also for many other companies that are hiding financial information.
+ US stocks on fire, Bitcoin falls below $61K as Middle East tensions escalate + US releases Non-farm payrolls at 7:30pm tonight Jobs created (Forecast = 148K, last month = 142K) Unemployment rate (Forecast = 4.2%, last month = 4.2%) ETF Spot session 03/10 + BTC minus $54.3M; Fidelity & Ark sell -$95.2M, other funds take in +$40.8M + ETH minus $3.2M; Fidelity & Grayscale sell -$15.3M, Blackrock alone collects +$12M, other funds have no fluctuations + IMF urges El Salvador to tighten Bitcoin management + Visa launches RWA platform to support banks issuing stablecoins, expected to pilot on Ethereum in 2025 + Grayscale launches Trust fund that allows users to invest in AAVE tokens + HBO releases trailer for documentary claiming to expose Satoshi Nakamoto's identity + Revoke cash allows disconnecting from multiple protocols at once to save time revoking + Binance Labs invests in Sophon - Elastic chain on zkSync
š„ BIG NEWS: HBO Claims to Have Discovered Satoshi Nakamoto's Identity
HBO has just released the trailer for its latest documentary, claiming to reveal the true identity of the "mysterious father" behind Bitcoin - Satoshi Nakamoto. š For years, Satoshi's identity has remained one of the biggest mysteries in the finance and technology world. The names often suspected include: software engineer Hal Finney, systems engineer Dorian Nakamoto, computer scientist Nick Szabo, and Hashcash founder Adam Back. However, the majority of the Bitcoin community is against the hunt for Satoshi's identity, arguing that his privacy should be respected. Any claim, without evidence such as Bitcoin transfers from Satoshi's wallet, is just baseless speculation! ā° The film will be released next Wednesday, October 9, at 8pm (Vietnam time). Is this just a hype game by HBO or have they really found out Satoshi's identity?
šŖ Ripple Teams Up With Brazilian Crypto Giant to Boost Global Payments
Ripple has teamed up with Mercado Bitcoināone of Brazilās largest crypto exchangesāto launch an international payments service that will enable businesses to make cross-border payments 24/7, quickly and cost-effectively. The service will initially support large institutions between Brazil and Portugal and is expected to launch later this year. It will then expand to both corporate and individual customers.
š„ Visa creates a "playground" for banks to participate in RWA
Visa has just launched the Visa Tokenized Asset Platform (VTAP) to support banks in issuing stablecoins. Initially, Visa simply supported banks in creating stablecoins to enter the blockchain market. It can then expand to tokenizing real assets such as real estate, debt securities and commodities With this platform, banks can transact across borders 24/7, increase transaction speed and reduce intermediary costs significantly. Currently, Visa is testing VTAP with BBVA - a Spanish banking giant, and if everything goes well, it is expected to pilot on Ethereum in 2025, promising to bring a whole new blockchain playground to the financial world.
šSwift Officially Tests Global Blockchain Transactions
Interbank payments system Swift will begin testing digital asset transactions on its global network in 2025. This is the first time Swift has put blockchain technology into practice, with the participation of banks from North America, Europe and Asia. Swift will leverage existing infrastructure to create a ābridgeā between public and private blockchains, allowing banks to conduct both cash and digital asset transactions across borders on a single platform. Instead of having to operate on separate, disconnected systems as before. This is a new step after Swift partnered with Chainlink to test connectivity with the Ethereum blockchain.
š Summary of Charles Hoskinson's speech at TOKEN2049
1ļøā£Cardano has just had a "comprehensive overhaul", focusing on implementing an on-chain governance mechanism. The long-term goal is to build a decentralized governance system, where the community can decide on its own budget, development roadmap and upgrades. 2ļøā£ Blockchain has gone through 3 generations: - Generation 1 (Bitcoin): Eliminates intermediaries, helping users control their own assets without banks - Generation 2 (Ethereum): Introduces smart contracts and programmability, bringing Dapps - Generation 3: Focuses on improving transaction speed, connectivity and flexibility in governance with many large projects such as Solana, Cardano, Aptos,... 3ļøā£ Current Problems of Blockchain: Although blockchain is very transparent, it lacks privacy and identity, which businesses always crave to deploy applications such as RWA, finance,... Because no one wants all their business details to be "exposed" publicly on the blockchain. 4ļøā£ Generation Four: To connect the real world and Web3, the fourth generation of blockchain needs to ensure the following factors: ā Privacy in smart contracts. ā Decentralized identity. ā Interoperability between blockchains and transparency. ā Decentralized governance with community participation in decision making. šIntroducing Midnight: Midnight was created to solve the āhard problemā of fourth-generation blockchain, supporting private smart contracts and ensuring cross-platform compatibility. Midnight will not raise capital from VCs but will apply a new token distribution mechanism called Glacier Drop, distributing to over 135 million wallets on major blockchains. šMidnight's Goal: Midnight will apply a multi-consensus mechanism to create a more powerful decentralized system, while still ensuring privacy and identity ownership, thereby paving the way for RWAs, enterprises and large financial institutions to confidently enter the blockchain. š The Future of Blockchain: The fourth generation will be the final stage needed for blockchain to become complete. After that, everything is just improvements for each specific case.
ETF Spot session 02/10 +BTC negative $36.6M; Ark & Bitwise sold -$71.8M, Fidelity & Blackrock alone collected +$35.1, other funds had no fluctuations +ETH positive $20.3M; Franklin & Blackrock Raises +$20.3M, Other Funds See No Change + SEC Appeals Ripple to Overturn XRP Not a Security Ruling and Increases Penalty to $125M + SEC Enforcement Director Gurbir Grewal Resigns After 21 Years - Under Grewal SEC Sues ~100 Crypto Companies + Bitwise Files XRP ETF Application to SEC, Kicking Off XRP ETF Race - However, Approval Still Uncertain + SUI Breaks $2, Surges Back to Old High Despite Unlocking Over $110M + Arbitrum Becomes First Layer-2 on Uniswap to Cross $200 Billion in Trading Volume + Lamborghini Teams Up with Animoca Brands to Launch "Fast ForWorld" Platform That Allows Users to Buy and Sell Supercars in Game on HST Animoca + OpenAI Raises $6.6B Led by Thrive Capital, Pushing Valuation to $100 Billion 157 billion USD
According to The Block, FTX is preparing to sell 22.3 million locked Worldcoin (WLD) tokens, worth about $37.7M, at a discount to raise money to pay off debt. Interested parties must submit an auction application before 7 AM tomorrow (Vietnam time) and will receive the results later if the application is accepted. That means FTX will sell in the form of OTC, not directly on the exchange because the tokens are still locked. The discount for these tokens can range from 40% to 75% compared to the current market price of WLD (about $1.69/token). This time, FTX decided to sell all remaining WLD to pay off debt. These tokens will be unlocked from December 1, 2024 to July 2028, opening a little bit each day. Previously, FTX had sold off SOL and MPLX tokens, now it's WLD's turn to be on sale!
šø Team Moonbix Binance gives you the choice of airdrop tokens The project will not issue tokens but can use other coins below to airdrop to users. Reply to this post with one of the emojis below to vote:š š BNB ā¤ļø DOGS š„ NOT š Moonbix is a gold mining game on Telegram, players can participate in gold mining & accumulate reward points to receive Airdrop
š„ Franklin Templeton Expands FOBXX Fund to Aptos
The $1.5 trillion asset management giant Franklin Templeton has just expanded its FOBXX fund to Layer-1 Aptos. The FOBXX fund is currently ranked 2nd in the government securities tokenization sector, accounting for more than 20% of the market share representing $420M in assets, just behind BlackRock's BUIDL fund with more than $520M. FOBXX with the BENJI token has expanded to many blockchains such as Stellar, Polygon, Arbitrum and Avalanche. Choosing Aptos is a strategic move by Franklin Templeton to connect traditional assets with DeFi on non-EVM blockchains, expanding its scope of operations across many different platforms.
šØ Bitwise Officially Files XRP ETF Application to SEC
Yesterday, Bitwise only filed in Delaware, but today it has officially submitted its application to the SEC to apply for the first XRP ETF in the US. This is a bold move, making Bitwise a pioneer in the XRP ETF race. Previously, Bitwise has been successful with Bitcoin and Ethereum ETFs, but the path with XRP is still uncertain. The SEC has withdrawn Solana ETF applications due to concerns about the legal status, making the possibility of approving an XRP ETF still challenging. However, Bitwise CEO Hunter Horsley is still very confident: āXRP is a familiar asset to mainstream investors and we believe it is a better opportunity for customers than Solana.ā
Binance has just received approval from the Argentine National Securities Commission (CNV) to provide Crypto services in the country. From now on, Argentine users can fully access Binance's products and services without worrying about being "questioned" halfway. To get the "green light" in Argentina, Binance must pass a series of strict requirements such as: šøStrict KYC process šøAnti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) regulations šøA separate Compliance Unit must be established, specializing in supporting the government in investigating Crypto-related violations With this pass, Binance has a legal presence in 20 countries around the world. This is not only an important milestone for Binance, but also demonstrates the globalization trend and maturity of the crypto market. Many countries are gradually perfecting their legal frameworks to create an increasingly transparent and secure trading environment, thereby strengthening investors' confidence.
š„š„š„ Market Brief Wednesday - October 2 + Crypto market is on fire after Iran's retaliation against Israel! Bitcoin plummeted to around $61K - $490M in assets liquidated in the past 12 hours. + Iran unleashed the BIGGEST firestorm in history, 200 missiles simultaneously rained down on Israel in revenge for the assassination of leader Haniyeh in July. ETF Spot session October 1 +BTC is negative $283.4M; strong selling pressure from most funds Fidelity + Grayscale + Ark,... Blackrock has not updated yet. +ETH is negative $48.6M; Grayscale, Fidelity & Bitwise sold -$52.5M, buying pressure is insignificant, only +$3.91M, Blackrock has not updated yet. + Over 20 industry leaders write to Harrisā team to hold a Crypto policy meeting this month. + Argentinaās Vice President and El Salvadorās President discuss Bitcoin implementation and create CNAD, the first Crypto regulatory commission. + Bitwise unexpectedly files XRP ETF application with Delaware but has yet to file with SEC. + Binance flags 10 tokens with major tokenomic changes. + Coinbase puts $IO and $DEGEN on future listing roadmap, $DEGEN nearly doubles after news.