Well-known social media personality Jimmy Donaldson (MrBeast) has been accused of making more than $10 million by promoting low-market-cap cryptocurrency projects and then selling those tokens. The allegations stem from an on-chain investigation by crypto investigator SomaXBT, which revealed that MrBeast participated in the first decentralized exchange offering (ID0) and token promotion of multiple projects, and then sold them for profit after the token prices soared. The projects involved include SuperFarm ($SUPER), Polychain Monsters ($PMON), and SPLYT ($SHOPX), among others, some of which saw their value drop by more than 90% after his exit, sparking ethical controversy over "pump and dump" operations and accusations of price gouging. (Cryptonews)

Lin Chen, head of Asia-Pacific business at Deribit, said in a post on X that the largest BTC option today is: a user sold a $100,000 call option at the end of March next year, totaling 650 BTC, with a premium of $1.546 million. Analysts believe that the user should hold a large amount of BTC spot and earn profits by selling forward inflated call options. If the price is lower than 103,000 at the time of delivery, it will be profitable.

According to Odaily, QCP Capital has analyzed that Bitcoin's recent rebound to $65,000 may be related to the postponement of Mt.Gox's repayment deadline to October 2025. While various factors could explain the current price movement, historical price trends offer an intriguing perspective. Currently, it is mid-October, just three weeks away from the U.S. presidential election. Looking back at 2016, Bitcoin traded within a very narrow range for over three months. It wasn't until three weeks before the U.S. election that Bitcoin began to rise from $600, eventually doubling its price by the first week of January. Similarly, in 2020, Bitcoin was stuck in a stagnant range for nearly six months. It started to rebound from $11,000 three weeks before the U.S. election, reaching a peak of $42,000 by January. So far, October's performance has been relatively disappointing, with Bitcoin only up by 1.2%, compared to an average increase of 21%.

null source: https://x.com/Bitcoinsensus/status/1845801413990859070

QCP Capital published an analysis that BTC's rebound to $65,000 may be related to Mt.Gox's postponement of repayment until October 2025. Although there may be many factors that can explain the current trend, if you look at the historical price trend, this is a rather interesting moment, because it is now mid-October and there are only three weeks before the US election. If you look back to 2016, BTC has been trading in a very narrow range for more than 3 months. It was not until three weeks before the US election that BTC began to rise from $600 and eventually doubled its price in the first week of January. Similarly, in 2020, BTC was trapped in a boring range for half a year until it rebounded from $11,000 three weeks before the US election, reaching a high of $42,000 in January. So far, October's performance has been quite disappointing, with BTC only up +1.2% compared to an average increase of +21%.

According to CoinShares, last week’s increase in crypto investment products was influenced by the upcoming US elections rather than monetary policy outlooks. source: https://cointelegraph.com/news/political-shift-407-million-inflow-crypto-coinshares?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

According to Odaily, Deutsche Bank will offer multicurrency accounts and foreign exchange services to Keyrock, a digital asset company. This collaboration aims to optimize and expand Keyrock's market-making and over-the-counter (OTC) trading services. By integrating these services into a single entity, Keyrock can reduce its counterparty and settlement risks. Additionally, this partnership will enable Keyrock to expand its operations across Europe, the Middle East, and Africa (EMEA), the Asia-Pacific (APAC) region, and Latin America (LATAM).

Global crypto funds record outflows totaling $407 million as investors shift focus from monetary policy outlooks to U.S. elections. source: https://dailycoin.com/crypto-funds-see-407m-inflows-amid-u-s-political-shifts/?utm_source=cryptopanic&utm_medium=rss

Other crypto-related terms paint a mixed picture, with “NFTs” and “DeFi” also at the lows, while hot topics like “memecoins” are on the rise. source: https://www.theblock.co/post/320868/google-bitcoin-search-volume?utm_source=rss&utm_medium=rss

Liquidity management protocol DeFi Edge has stopped all deposits to its strategy contracts from its user interface on October 14. The application is integrated with multiple exchanges, including PancakeSwap, Thena, Camelot, Lynex, QuickSwap, etc. It is reported that its team previously announced on X that it would "delist" some strategies used for the Camelot exchange on the Arbitrum network. It stated that users should withdraw funds before October 10, as these strategies will no longer be managed after that date. (Cointelegraph)

Recommended readings for today's evening: 1. Vitalik: What else can be improved in Ethereum PoS and what are the ways to improve it; 2. What are the real differences between the three public chains Sui, Aptos and Movement; 3. Has ETH/BTC reached the limit? ;

BTC, Satoshi Nakamoto, the universe and starry sky of Bitcoin. Golden Finance teaches you step by step how to take away Satoshi Nakamoto’s coins.

Bitcoin (BTC-USD) surged to its highest level in two weeks on Monday, buoyed by mixed reactions to China's latest stimulus efforts and growing speculation that cryptocurrency may attract more attention than Chinese stocks. The leading digital asset rose as much as 2.8% before slightly paring gains to trade at $63,890 as of 6:55 AM in London. Alongside Bitcoin, smaller tokens like Ether (ETH-USD) and Solana (SOL-USD) also experienced upward momentum.

Singapore has chosen to keep its monetary policy settings unchanged, bucking the global trend of policy easing as the city-state’s economy showed robust growth in the third quarter of 2024. The Monetary Authority of Singapore (MAS), which manages monetary policy through the exchange rate rather than interest rates, decided to maintain the slope, width, and center of the Singapore dollar’s currency band. This approach helps to curb imported inflationary pressures by keeping the local currency on a gradual appreciating path.

The overwhelming popularity of Moo Deng, a baby pygmy hippopotamus, has caused significant traffic congestion at Khao Kheow Open Zoo in Chonburi province.

The rise of generative AI is pushing software engineers to acquire new skills, such as prompt engineering, to remain relevant in their roles. Despite fears of AI replacing jobs, experts emphasise that it will create new opportunities and enhance productivity in the software development field.

The cryptocurrency market closed flat with a market cap of $2.3 trillion. Geopolitical and economic events have had a significant impact on the crypto market.

United States Prosecutors are asking Heather Morgan to spend 18 months in jail for laundering 120,000 Bitcoins stolen from crypto exchange Bitfinex in 2016.

Open innovation in low-barrier-to-participation and permissionless financial rails will unlock many unimaginable games.

Single Slot Finality (SSF) and staking democratization, Single secret leader election, faster transaction confirmation, 52% attack recovery, increased quorum threshold, quantum resistance, etc.