At about 3 am today, ZachXBT, a chain detective, quoted Arkham platform news in his personal telegram channel and posted: "$20 million of seized funds suspected to be associated with the US government were stolen." Subsequently, it added that the stolen addresses include: 0x3486ee700ccaf3e2f9c5ec9730a2e916a4740a9f 0xbf6f7c503e858aded4e18ce2bcf93846fd726c15 0x15d0a31ed5050ed8decd3c101aaee0b2ad2e6441

According to Foresight News, Solana's re-staking protocol, Solayer, has launched its first open-source Solana LRT codebase. This release includes a comprehensive set of deployable and ready-to-use Rust programs along with end-to-end TypeScript. The initiative aims to provide developers with a variety of free, open-source templates to facilitate the creation of applications.

According to Lookonchain monitoring, a whale who made a profit of $9 million on GOAT sold 9.23 million GOAT (worth about $7.13 million) yesterday. It is reported that the whale address initially spent $7.5 million to buy 22.48 million GOAT at $0.334. 17 hours ago, he started selling GOAT, selling 6.7 million GOAT (worth about $5.18 million) on the chain at $0.773, and deposited 2.53 million GOAT (worth about $1.95 million) into Gate. As of now, the whale address still holds 13.25 million GOAT (worth about $9.7 million), with a total profit of more than $9 million.

According to official news, OKX Web3 has jointly launched ecological activities with Mantle and several Telegram mini-game project parties. Users can link to multiple Mantle-based mini-games deployed on Telegram through OKX Connect, and can participate in winning MNT token rewards worth a total of approximately US$100,000. Mantle Network is a modular Layer-2 solution designed to improve the scalability of the Ethereum network. By leveraging Optimistic Rollup technology, Mantle Network efficiently processes more transactions at a faster speed, effectively reducing gas fees and speeding up transactions. OKX Web3 Wallet is an industry-leading one-stop Web3 portal that now supports more than 100 popular public chains, with unified App, plug-ins, web pages, and Telegram Mini Wallet.

According to Cointelegraph, Ethereum is experiencing heightened fear, uncertainty, and doubt (FUD) as Solana (SOL) gains traction. The price of ETH in terms of BTC has dropped to its lowest level in three and a half years. This widening gap between Bitcoin and Ether (ETH) is attributed to bearish sentiment and the rise of competing blockchains like Solana (SOL). Over the past week, SOL has surged by approximately 17%, while ETH has remained mostly stagnant. Some observers interpret this as a rotation out of ETH. On October 24, Cointelegraph reported that Solana has increased by about 600% against Ethereum since 2023, driven primarily by memecoin mania. This rise has sparked discussions about Solana potentially surpassing Ethereum’s market capitalization. However, Ethereum's market cap stands at over $300 million, while Solana's is just $82 million, according to CoinGecko. The ETH/BTC ratio has fallen to its lowest level since April 2021, reaching 0.037 on October 24, as Ether prices continued to decline while Bitcoin recovered. ETH has dropped around 9% since its two-month high of $2,760 on October 21, falling below $2,500 on October 24. Meanwhile, Bitcoin has recovered almost all its losses during the week, reaching $68,820 in late trading on October 24, according to CoinGecko. Ethereum developers and advocates have defended the blockchain, with core developer Eric Connor dismissing criticism about layer-2 user experiences, fragmented liquidity, and development speed. Connor argued that Ethereum remains the leading smart contract platform committed to true decentralization, with significant institutional adoption and developer activity. He stated, “I’ve always said Ethereum is a multi-decade play but it’s still on the right path to being the true winner.” Independent trader Bob Loukas acknowledged his criticism of Ethereum, stating that the current situation reflects a repricing of economic activity and the use of layer-2 chains. Ethereum educator Anthony Sassano commented that most of the FUD appears to be related to ETH’s underperformance, noting that sentiment is driven by price. Founder of Solana developer tools firm Helius, Mert Mumtaz, reiterated his support for the Ethereum ecosystem in a post on October 25.

According to Foresight News, the Chief Executive of the Hong Kong Monetary Authority (HKMA), Eddie Yue, has announced that there will soon be positive news to share regarding connectivity, the Greater Bay Area, and financial technology. These updates are expected to be revealed at the end of the month during the Hong Kong Fintech Week 2024, where new advancements in fintech projects will be disclosed. Yue emphasized the significance of tokenization development in Hong Kong, stating that if the city can become a pioneer in this field by establishing mature technology, operational, and issuance systems, it will naturally attract business as tokenization becomes more widespread.

According to CertiK Alert monitoring, the price manipulation attack on the Base chain affected the unverified loan contract starting with 0x5c52. The attacker manipulated the prices of WETH and SUI and obtained approximately $1 million in tokens through over-borrowing.

According to The Verge, OpenAI plans to launch its next-generation cutting-edge model Orion by December.

According to the official announcement, Bitget announced that it has launched the U-based X perpetual contract with a maximum leverage of 25 times. Contract strategy trading will be opened simultaneously.