Headlines
▌Bloomberg: Former Binance CEO CZ has been released
On September 28, Bloomberg reported that CZ(CZ), the former leader and co-founder of Binance, has been released two days earlier than originally planned. A spokesperson for the Federal Bureau of Prisons declined to provide specific information about CZ's release. The U.S. Department of Justice had requested that CZ's sentence be extended to 36 months because they accused CZ of deliberately violating the law to profit for the company and himself. On the other hand, CZ's lawyer said that CZ has taken responsibility and "deeply regrets" his crimes, and asked the court to sentence him to probation.
▌Bhutan produces about 55 to 75 BTC per week from Bitcoin mining, and currently holds 13,119 BTC
The Kingdom of Bhutan is actively mining Bitcoin, and relevant data shows that the Kingdom of Bhutan's weekly Bitcoin mining output is about 55 to 75 Bitcoins, worth about $3.6 million to $4.9 million. Currently, the Kingdom of Bhutan holds 13,119 BTC (worth about $860.4 million).
Quotes
As of press time, according to Coingecko data:
BTC's latest transaction price is $66,126.24, with a daily change of +1.8% ;
ETH's most recent trading price is $2,699.69, with a daily change of + 3.0% ;
BNB's latest trading price is $608.29, with a daily increase of +7.3% ;
SOL's latest trading price is $158.96, with a daily change of +3.1% ;
DOGE's latest transaction price is 0.1263 yuan, with a daily increase or decrease of +7.5% ;
XPR recently traded at $0.5924, with a daily change of +1.3% .
policy
▌Mango Markets reaches settlement with US SEC, but still needs court approval
The U.S. Securities and Exchange Commission (SEC) accused Mango Markets-related entities Mango DAO, Blockworks Foundation and Mango Labs of offering and selling "MNGO" tokens without registration and engaging in unregistered brokerage activities, involving more than $70 million. A settlement has been reached, and the three parties agreed to pay a fine of approximately $700,000, destroy MNGO tokens, and request that the tokens be removed from the trading platform. The settlement still requires court approval.
▌Brazilian Supreme Court: Company X needs to pay outstanding fines to resume business operations in Brazil
The Brazilian Supreme Court stated that Company X needed to pay the outstanding fines and resume its business operations in Brazil.
Blockchain Applications
▌Sui Ecological Lending Protocol Scallop has been connected to Sui Wallet
On September 28, according to official news, Sui Ecological Lending Protocol Scallop has been connected to Sui Wallet, and Sui Ecological users will be able to access the services provided by Scallop more conveniently. At the same time, Scallop announced the launch of a reward activity with a total prize pool of US$10,000. From September 28 to October 7, users who borrow at least US$50 from Scallop through Sui Wallet are eligible to participate in the prize pool competition. It is reported that Sui Wallet is a multi-functional wallet launched by Sui development company Mysten Labs, which can manage multiple wallets at the same time and support NFT collection, token exchange, DApp and other functions. Scallop is the leading lending protocol in Sui ecology, and its total revenue has exceeded US$2 million.
▌Chaos Labs releases ARFC proposal to increase Aave V3 supply cap
Chaos Labs published the ARFC proposal of "Increasing the Supply Limit of Aave V3" in the Aave Governance section. Specifically, it increases the supply limit of cbBTC deployed by Aave V3 on Ethereum and Base, and increases the supply limit of AAVE.e deployed by Aave V3Avalanche.
▌Spark: SKY Farm is now available on Spark
Spark, a lending protocol under Sky (formerly Maker), stated on the social platform that SKY Farm has been launched on the Spark application.
Cryptocurrency
▌Ethereum's average gas fee in the past week was 498% higher than the monthly average, and the median transaction cost rose to $1.69
Coinbase's weekly report shows that the surge in Ethereum chain activity has led to a surge in transaction fees in the past week. From September 16 to 26, the average Gas fee was 498% higher than the average of the previous 30 days, and the median transaction cost of Ethereum rose from $0.09 at the beginning of the month to $1.69. In addition, Ethereum DEX transaction volume increased by 9% month-on-month, and the total amount of ether transfers increased by 17% month-on-month, further pushing up transaction fees.
▌ Coinbase includes EigenLayer (EIGEN) in its coin listing roadmap
According to official news, Coinbase announced that EigenLayer (EIGEN) will be included in the coin listing roadmap.
▌ Ark Invest Bitcoin ETF transferred 4,754 BTC to two unknown addresses, worth nearly $313 million
According to Arkham monitoring data, about 8 hours ago, Ark Invest's spot Bitcoin exchange-traded fund ARKB 21Shares Bitcoin ETF transferred a total of 4,754 BTC to two unknown addresses, worth approximately US$312.96 million. Among them, 2,412 BTC were transferred to the address starting with "bc1q9" and 2,342 BTC were transferred to the address starting with "bc1qt".
Fidelity Ethereum ETF received a total of 6,000 ETH from Coinbase Prime and transferred it to a new address
According to Arkham monitoring data, Fidelity FETH ETF, the Fidelity spot Ethereum exchange-traded fund, received a total of 6,000 ETH from the Coinbase Prime address, worth approximately US$15.91 million, and then transferred the funds to a suspected Fidelity FETH ETF Inflows address starting with "0x9fF0".
Important economic developments
▌Fed's Musallem: If the labor market is weaker, it may be appropriate to accelerate the pace of rate cuts
St. Louis Fed President Joseph Musalem acknowledged that the labor market has cooled in recent months, but he remained optimistic about the outlook given low unemployment and underlying economic strength. Musalem had supported a rate cut in September. He said the business sector was in "good shape" and overall activity was "solid," adding that large-scale layoffs did not appear to be "imminent." However, he acknowledged that the risks facing the Fed might require it to cut rates more quickly. "I realize that the economy could be weaker than I currently anticipate and the labor market could be weaker than I currently anticipate," he said. "If that is the case, then a faster pace of rate cuts may be appropriate."
▌Berkshire Hathaway reduces its stake in Bank of America again
SEC filings show that Berkshire Hathaway sold about 11.7 million shares of Bank of America (BAC.N) common stock between September 25 and September 27, with a transaction amount of about $460.66 million.
▌The three major U.S. stock indexes closed with mixed gains and losses
The three major U.S. stock indexes closed with mixed gains and losses, with the Dow Jones Industrial Average up 0.33%, the Nasdaq down 0.39%, and the S&P 500 down 0.13%. Popular technology stocks had mixed gains and losses, with Tesla up more than 2% and Nvidia down more than 2%.
Golden Encyclopedia
What is the Algorithm of Thought (AoT)?
Algorithms of Thought (AoT) is a groundbreaking approach in the field of artificial intelligence (AI) that revolutionizes the way AI models think and reason. Developed by Microsoft Research, AoT introduces a new paradigm for large language models (LLMs) to enhance reasoning capabilities to solve complex problems. It aims to combine the best of both worlds: a nuanced, intuitive understanding of the human thought process with the structured, systematic nature of an algorithmic approach.
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