Elon Musk posted on X: "All actions of the Government Efficiency Department will be published online for maximum transparency. If the public thinks we have cut important spending or have not cut wasteful spending, please let us know. We will also list the stupidest tax spending rankings. This is tragic, but very interesting."

Elon Musk responded to the post on X that he will lead the U.S. government efficiency department, saying that the department is not a threat to democracy, but a threat to bureaucracy.

Alex Thorn, head of research at Galaxy Digital, wrote on X that Bitcoin rose $8,343 on Monday, its highest single-day gain (in US dollars). Peter Chung, head of research at Presto Research, said: "Any fund manager who does not take the time to analyze Bitcoin opportunities is likely to fail to fulfill their fiduciary responsibilities to their clients. Anyone who understands modern portfolio theory must understand the benefits of investing in Bitcoin in small amounts. Given the positive regulatory momentum and the availability of spot ETFs, there is really no excuse." Justin d'Anethan, head of business development for Asia Pacific at cryptocurrency market maker Keyrock, said that reaching this price milestone (Bitcoin rose to $90,000 on some trading platforms) is "a signal that the market is increasingly enthusiastic about the idea of ​​Bitcoin as a more stable and even more politically favored asset. Supportive regulation is crucial here, and the market's enthusiasm stems from the idea that lower taxes, less excessive government intervention, and dovish central bank policies will benefit Bitcoin and its operators." In addition, several industry experts said that Bitcoin will reach $100,000 in the next 1-3 months. (The Block)

According to Trader T monitoring, BlackRock IBIT's full-day trading volume reached US$3.856 billion, making it one of the five ETFs with the largest trading volume yesterday, of which 45% were active buy orders and 39% were active sell orders.

According to PANews, recent monitoring by PeckShield has revealed that the address associated with the Bunny Finance attacker has transferred approximately 1,411.2 ETH, valued at around $4.7 million, to Tornado Cash over the past nine hours. This movement of funds highlights ongoing concerns about the security of decentralized finance platforms and the challenges in tracking illicit activities within the cryptocurrency space. The transfer to Tornado Cash, a privacy-focused Ethereum mixer, underscores the difficulties in tracing stolen assets once they enter such platforms. Tornado Cash allows users to obscure the origin and destination of their transactions, making it a popular choice for those seeking to launder or hide illicitly obtained cryptocurrencies. This incident adds to the growing list of security breaches and exploits in the DeFi sector, raising questions about the robustness of security measures in place to protect users and their assets. As the DeFi ecosystem continues to expand, the frequency and sophistication of attacks have also increased, prompting calls for enhanced security protocols and regulatory oversight. The transfer of such a substantial amount of Ethereum to a privacy mixer like Tornado Cash highlights the need for improved tracking and recovery mechanisms to combat the misuse of decentralized platforms for illegal activities. Stakeholders in the cryptocurrency industry are urged to collaborate on developing solutions that can effectively address these security challenges while preserving the privacy and decentralization principles that underpin the sector.

Nvidia CEO Huang Renxun said that Nvidia and SoftBank have experimented with the world's first combination of artificial intelligence and 5G telecommunications networks. (Jinshi)

크립토퀀트 “비트코인 활성 주소 수 증가, 상승랠리 시사” 리플(XRP)의 90센트 콜이 옵션 시장을 지배 .. 가격은 65센트 근처를 맴돌다 분석: 비트코인 약 200일 후 정점 가능성 source: https://coincode.kr/27180

Some analysts pointed out that Trump, who has shown goodwill towards cryptocurrencies, has found new allies in Congress and the government. So, what exactly does the cryptocurrency field want to win in this most "expensive" election?

According to Paidun's monitoring, the Bunny Finance attacker's marked address has transferred approximately 1,411.2 ETH (approximately US$4.7 million) to Tornado Cash in the past 9 hours.

Michael Cahill, CEO of Douro Labs, said: "It's only a matter of time before Bitcoin reaches $100,000. In my opinion, this could happen as early as the first quarter of 2025. We are seeing unprecedented momentum as the current macro environment is favorable for digital assets." In addition, Matt Klein, portfolio strategist at Nascent, predicts: "Bitcoin will reach $100,000 by Trump's inauguration at the latest. The only question is whether the Lummis Act is worth serious consideration. If the Lummis Act becomes law, there is no limit to the rise." According to Cahill, the post-election rally is not just FOMO, and the current price is not just retail-driven speculation like in 2017. "The market has finally recognized Bitcoin as a legitimate asset and a hedge against inflationary pressures. Now we see a structural shift in investors' views on Bitcoin. The foundation for six-digit prices has begun, and this rally has the potential to consolidate Bitcoin's position as the cornerstone of the global financial system." Bitwise CIO Matt Hougan said that Bitcoin could "easily" reach $10 by the end of the year. "Everyone is paying attention to new entrants buying Bitcoin. This is very real, but another reason for this rebound is that people have stopped selling. Long-term holders are no longer willing to sell Bitcoin at prices below $100,000, and short sellers don't want to fight the general trend." Chandra Duggirala, CEO of Tides.Network, said that the price of Bitcoin could easily reach $100,000 before Thanksgiving, but there are risks in the short term. "We haven't seen strong FOMO from wealth managers, and retail investors are just starting to pay attention. So, this trend is still in its early stages. We believe that once it exceeds $100,000, real FOMO will come." (The Block)

Casey, founder of Ordinals, posted on the X platform that ord 0.21.3 has been released, including the following major updates: 1. Users can add metadata when burning inscriptions. This is unstructured, human-readable metadata that is displayed on the page where the inscription is burned; 2. Add a new command "ord wallet split" to perform arbitrary asset splits; 3. Add a new command "ord wallet sign" to allow messages to be signed using addresses in the wallet.

Bitcoin’s run to new highs has been fueled by strong spot demand and institutional inflows. This article explores on-chain indicators, highlighting strong spot buying momentum, rising ETF AUM, futures premium, and the potential for continued gains during this ATH phase.

Apple Studios and A24 are reportedly adapting Michael Lewis's book on Sam Bankman-Fried’s rise and fall, with Lena Dunham as screenwriter. As studios race to capture his scandal, the film highlights the intrigue and volatility of crypto. Will this be the ex-FTX CEO’s lasting legacy?

Golden Finance launches the 2507th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest news on the digital currency and blockchain industry.

After making big money investing in cryptocurrencies, James Fickel has quietly become one of the world’s largest funders of longevity science and brain research.

‍Currently, spot BTC ETFs traded in the United States are equivalent to approximately 66% of the total assets managed by gold ETFs.

Golden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.

If compared with the market value of other mainstream assets, the top price range of Bitcoin is between 110,000 and 220,000 US dollars.

Cryptocurrency, Web 3.0, Artificial Intelligence, Web3 + AI: Is it just hype or are we ready for Web4.0? Golden Finance, Welcome to the Dawn of Web4.0

Recommended readings tonight: 1. Shanzhai group dance: a list of crypto tokens that have risen more than BTC in 7 days; 2. What are the hot projects worth paying attention to in Sui ecology, which leads the rise of major public chains; 3. BTC aims at the $90,000 mark: who is pulling the price? Is $100,000 still far away? ;