Important information from last night and this morning (September 29-September 30)

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PANews
09-30
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FTX plans to allocate $230 million to compensate preferred shareholders, and the restructuring plan confirmation hearing will be held on October 7 PANews, September 30 - According to a report by The Block, under a new disclosed agreement, FTX debtors will allocate up to $230 million from the proceeds of government forfeiture actions to compensate preferred shareholders. This agreement was finalized after the voting deadline for FTX creditors on the claims plan, which surprised and angered some creditors. Prior to the August 16 voting deadline, creditors overwhelmingly voted to approve the FTX restructuring plan, but they were unaware of this provision. While shareholders are usually the last to be compensated in bankruptcy proceedings, FTX debtors stated that compensating preferred shareholders would help avoid high litigation costs and delays associated with the forfeiture proceeds. Additionally, according to the latest FTX bankruptcy documents, the claims plan has not yet been approved by the court. The next court hearing to confirm the restructuring plan is scheduled for October 7, 2024. If the plan is approved, creditors with claims under $50,000 may start receiving compensation by the end of 2024. Larger claimants may have to wait until the first or second quarter of 2025 to receive compensation. Meta CEO Zuckerberg's net worth exceeds $200 billion, making him the world's fourth-richest person PANews, September 30 - According to Cailianshe, with the social media giant Meta's stock price hitting a new high, its CEO Mark Zuckerberg's net worth has surpassed $200 billion, making him the world's fourth-richest person, and he may soon surpass Amazon founder Jeff Bezos and LVMH chairman Bernard Arnault. According to the Bloomberg Billionaires Index, Zuckerberg's wealth has grown by a staggering $73.4 billion this year, bringing his total net worth to $201 billion. Tesla CEO Elon Musk remains the world's richest person with a net worth of $272 billion, followed by Bezos with $211 billion and Arnault with $207 billion. Sonic Labs: Users can start earning about 200 million S airdrop credits through Sonic Arcade this week PANews, September 30 - Sonic Labs (formerly Fantom) announced on the X platform that users can start earning about 200 million S airdrop credits through Sonic Arcade this week, with no fees or cross-chain requirements to participate. Coinbase report: Bitcoin is expected to perform positively in Q4, driven by US rate cuts and China's stimulus policies PANews, September 30 - According to a report by Bitcoin.com, Coinbase Institutional wrote in its "Token2049 Conference Highlights" report last Friday: "We expect a positive Q4 2024, driven by US rate cuts and China's large-scale fiscal and monetary stimulus policies, which will enhance market liquidity and support Bitcoin's performance." The report focuses on Bitcoin and high-beta crypto assets, taking an optimistic view of the overall market outlook for the coming months. The report also discusses Ethereum's recent challenges, particularly the rise in its transaction fees. It notes: "On-chain activity is increasing, with growth in decentralized exchange (DEX) trading volumes and higher Ethereum gas prices." However, despite the recent launch of a US spot Ethereum ETF, the token has not benefited as much as Bitcoin. The report describes: "While many market participants remain bullish on Bitcoin, we have encountered some skepticism around Ethereum, as the token does not appear to have benefited from the launch of the US spot Ethereum ETF two months ago." However, the report points to positive signals for the crypto space, with Solana and other L1 networks focusing on scalability and transaction efficiency, and improvements in decentralized exchanges and blockchain infrastructure. Cyvers: Crypto hacking losses surged to $2.1 billion in the first three quarters of 2024, with CeFi platforms hit the hardest PANews, September 30 - According to a report by Beincrypto, Cyvers stated that in the first three quarters of 2024, crypto hacking losses reached $2.114 billion, exceeding the total losses for the entire year of 2023 by a significant margin, a 72% increase year-over-year. In 2024, CeFi platforms were hit the hardest, with a 984% increase in crypto hacking attacks. In just the second quarter of 2024, there were five major incidents, resulting in $401 million in losses. The most notable was the DMM Bitcoin exchange data breach, which caused a $305 million loss. Turkey's BtcTurk also suffered a $55 million loss, and other exchanges like Lykke and FixedFloat also experienced losses. Compared to the same period in 2023, DeFi platform losses decreased by 25%. However, the 62 incidents in the second quarter of 2024 still resulted in $171.3 million in losses, with Ethereum and BNB Chain continuing to be the primary targets due to their large ecosystems. A whale initiates its 12th ETH trading cycle, spending $26.82 million USDT to buy 10,083.2 ETH PANews, September 30 - According to on-chain analyst Yu Jian's monitoring, a trading whale made a "manual MEV" move the other night, and then last night (8 hours ago) re-entered a cross margin position on ETH to start his 12th ETH trading cycle: spending $26.82 million USDT to buy 10,083.2 ETH at a price of $2,660. In the previous 11 cycles, he made 10 profits and 1 loss. A trader sells 265.89 BTC held for 2 years, making a profit of $11.28 million PANews, September 30 - According to Lookonchain monitoring, a trader sold 265.89 BTC ($17.5 million) 4 hours ago, making a profit of $11.28 million (+181%). Two years ago, he bought 265.89 BTC ($6.23 million) from Bitfinex at a price of $23,443. A dormant address holding 50 BTC is just activated after 10.8 years According to Whale Alert, at 21:45 Beijing time, an address that had been dormant for 10.8 years was just activated, containing 50 BTC, currently worth about $3.29 million. The BTC in this address was worth only $49,949 in 2013. Data: SUI, OP, IMX and other tokens see major unlocks this week, totaling nearly $300 million Token Unlocks data shows that tokens such as SUI, OP, IMX will see major unlocks this week, totaling $295.7 million: - Sui (SUI) will unlock about 64.19 million tokens on October 1 at 8am Beijing time, accounting for 2.40% of the current circulating supply, worth about $107 million. - Optimism (OP) will unlock about 31.34 million tokens on September 30 at 8am Beijing time, accounting for 2.50% of the current circulating supply, worth about $60 million. - Immutable (IMX) will unlock about 32.47 million tokens on October 4 at 8am Beijing time, accounting for 2.02% of the current circulating supply, worth about $59 million. - ZetaChain (ZETA) will unlock about 53.89 million tokens on October 1 at 8am Beijing time, accounting for 13.43% of the current circulating supply, worth about $39 million. - dYdX (DYDX) will unlock about 8.33 million tokens on October 1 at 8am Beijing time, accounting for 1.32% of the current circulating supply, worth about $9 million. - Maverick Protocol (MAV) will unlock about 36.40 million tokens on October 1 at 8am Beijing time, accounting for 9.56% of the current circulating supply, worth about $9 million. - Cardano (ADA) will unlock about 18.53 million tokens on October 2 at 8am Beijing time, accounting for 0.05% of the current circulating supply, worth about $7.5 million. - Galxe (GAL) will unlock about 2 million tokens on October 1 at 8am Beijing time, accounting for 1.57% of the current circulating supply, worth about $4.9 million.

Manta Network (MANTA) will unlock approximately 1.87 million tokens at 7:59 AM Beijing time on October 1, which is 0.50% of the current circulating supply, valued at approximately $1.8 million; Liquity (LQTY) will unlock approximately 18.53 million tokens at 8:00 AM Beijing time on October 2, which is 0.05% of the current circulating supply, valued at approximately $7.5 million. **PANews APP function update, download and experience it immediately!** 【Comments】 Speak freely, exchange views 【Floating Window】 Interrupt reading, return anytime 【In-text Search】 Quick positioning, reach the core

Sector:
Halving Tokens
Smart Contracts
Binance Launchpool
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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