OPINION: Federal Reserve Board member Christopher Waller stated that decentralized finance (DeFi) is likely to complement traditional finance rather than replace it, emphasizing the ongoing need for intermediaries and regulatory frameworks.
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OPINION: Michael Saylor, CEO of MicroStrategy, encourages major companies to invest in Bitcoin instead of share buybacks, arguing it could significantly increase market value and serve as a hedge against inflation.
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RECENTLY: Ambient Finance was hacked via a DNS attack, exposing users to malicious links, but assured funds were secure.
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JUST IN: ScamSniffer now applies a 0.25% fee on select DEX trades, with mandatory fees supporting security services and limiting functionality if disabled.
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RECENTLY: JPMorgan, Bank of America, Wells Fargo, and Citi lost $6.9 billion in Q3 2024 due to rising credit card delinquencies, signaling a potential debt bubble burst.
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STUDY: A survey by Blockworks Research found that 69.2% of Ethereum institutional investors are engaged in staking, with notable growth since the PoS transition.
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ANALYSIS: USDT and USDC now account for approximately 50% of transaction volume among major cryptocurrencies, contributing to a stablecoin market capitalization of $172 billion.
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RECENTLY: President Putin announced BRICS has officially adopted cryptocurrencies for investments, ahead of the 2024 summit.
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RECENTLY: The Tapioca DAO suffered a major exploit resulting in a 95% drop in TAP token price and the theft of $4.5 million in cryptocurrencies, with recovery efforts underway.
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STUDY: Anthropic's report reveals potential sabotage threats from advanced AI models but asserts that current risks can be managed with minimal mitigations.
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JUST IN: The SEC has approved the listing of a Bitcoin options ETF on the New York Stock Exchange. Traders anticipate that this approval will provide significant liquidity to the markets.
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RECENTLY: U.S. authorities charged former Olympic snowboarder Ryan James Wedding for his alleged role in a cocaine-smuggling operation that used Tether (USDT) as part of the scheme.
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RECENTLY: CryptoCom has filed a high-stakes lawsuit against the SEC, challenging its authority over secondary market token sales, which could reshape cryptocurrency regulation.
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JUST IN: The UAE Central Bank granted initial approval for AED Stablecoin, potentially becoming the first regulated dirham-pegged stablecoin in the region.
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JUST IN: The U.S. Treasury used machine learning AI to detect and recover over $4 billion in fraud in 2024, significantly increasing its fraud prevention capabilities compared to the previous year.
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RECENTLY: DWF Labs announced a partnership with Ethereum-based Neiro to enhance its marketplace and community.
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OPINION: Analyst Nate Geraci predicts US-based spot Bitcoin ETFs will exceed Gold ETFs in cumulative net inflows within two years, following recent net inflows of over $2 billion as Bitcoin approaches $70,000.
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OPINION: Governments are reliant on free money.
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ANALYSIS: Binance has surpassed $100 trillion in trading volume, far outpacing competitors OKX, Bybit, Bitget, and HTX, according to CCData.
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JUST IN: Hyve launched HyveDA, a data availability protocol with 1 GB/s throughput, 100 times faster than current solutions, following a $1.85M pre-seed round.
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RECENTLY: World Network, formerly Worldcoin, launched its Ethereum Layer 2 World Chain, with Dune Analytics reporting 737,928 transactions and over 17,000 users in the first 24 hours.
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RECENTLY: Rebar Labs plans to launch the first Bitcoin-native MEV Shield by the end of 2024, aiming to protect traders from front-running and onboard miners representing a significant portion of the Bitcoin network’s hashrate.
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RECENTLY: Chirag Tomar, a 31-year-old Indian national, was sentenced to five years in prison for a $20 million Coinbase fraud, where he impersonated customer support to steal victims' two-factor authentication codes.
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ANALYSIS: Glassnode co-founders predict a significant altcoin season ahead, suggesting that altcoins may outperform Bitcoin after one final dip, with Solana, Ethereum, and BNB likely leading the market.
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ANALYSIS: Coinbase and Hut 8 led crypto stocks higher as Bitcoin rose 9% to around $68,800, nearing the $70,000 mark, according to The Block's price page, while major banks reported strong earnings and BlackRock's Bitcoin ETF saw significant inflows.
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ANALYSIS: PumpFun hit new all-time highs with 78,000 daily active addresses and $7.3 million in weekly revenue, surpassing Solana, according to DeFiLlama.
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JUST IN: Drop Protocol announced it secured $4 million in a seed round led by CoinFund, with backing from notable investors and plans to build on the Neutron platform using the Cosmos SDK.
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RECENTLY: Stellar announced the integration of Blockaid's Onchain Detection and Response (ODR) technology to enhance security for Lobstr and Freighter wallets, offering real-time threat detection and response.
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JUST IN: Binance announced the listing of Lumia (LUMIA), available for subscription today and for purchase via Automatic Deposit starting October 21, 2024.
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STUDY: A Digital Chamber survey reveals that 16% of U.S. voters prioritize candidates' crypto stances, with 25% of Democrats and 21% of Republicans considering it important; notably, 40% of Black voters see crypto as crucial for their 2024 election decisions.
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