Coinbase Vice President of Engineering Resigns, Ethereum Ancient Whale Transfers ETH to CEX

Headlines

▌Manish Gupta, Vice President of Engineering at Coinbase, announced his resignation

Manish Gupta, Vice President of Engineering at Coinbase for four years, announced on X that he would resign for personal reasons. He said: "I am still as optimistic about cryptocurrency and Coinbase's mission as ever, and I firmly believe that the team can promote regulatory transparency in the industry and bring the first 1 billion users into the crypto field."

▌Ethereum IC0 Ancient Whale Transferred 6,000 ETH to CEX Again 20 Minutes Ago

According to Ember's monitoring, the whale who obtained 150,000 ETH through IC0 transferred another 6,000 ETH (worth approximately US$14.71 million) to Kraken 20 minutes ago. He has sold 30,000 ETH in the past week. So far, he has sold 45,000 of the 150,000 ETH he obtained through IC0 (worth approximately US$113 million).

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $61,328.26, with a daily increase or decrease of -3.3%;

ETH's latest transaction price is $2,470.44, with a daily increase or decrease of -5.8%;

BNB's latest transaction price is $552.36, with a daily increase or decrease of -3.6%；

SOL's latest transaction price is 145.02 US dollars, and its intraday increase or decrease is -6.0%；

DOGE's latest transaction price is 0.1081 yuan, and its intraday increase or decrease is -7.2%；

XPR's latest transaction price is 0.6047 US dollars, and its intraday increase or decrease is -2.6%.

Policy

▌Indiana man pleads guilty to wire fraud and money laundering charges and steals more than $37 million in cryptocurrency

Indiana man Evan Light pleaded guilty on Monday to conspiracy to commit wire fraud and conspiracy to launder money and steal more than $37 million worth of cryptocurrency from nearly 600 victims, the U.S. Attorney's Office said in a statement. Court documents show that in February 2022, Light "participated in a cyber intrusion involving an investment holding company located in Sioux Falls, South Dakota." The documents also stated that Light was accused of stealing personal information and then stealing assets from hundreds of victims. According to the statement, Light was assisted by "one or more unidentified" persons. The Federal Bureau of Investigation (FBI) is in charge of the investigation. Light could face up to 20 years in prison for each count he pleads guilty to.

▌Hashdex submits revised S-1 application for Nasdaq Crypto Index ETF

According to regulatory documents on October 1, asset management company Hashdex has submitted a revised S-1 application for the Nasdaq Crypto Index ETF. The document shows that the crypto index ETF continues to make progress in its approval work with the U.S. Securities and Exchange Commission (SEC) after the agency asked for more time to decide whether to authorize the fund to trade in August. The Hashdex Nasdaq Crypto Index US ETF will initially include Bitcoin and Ethereum, but the document says it may eventually be expanded to include other cryptocurrencies.

▌Bitwise files XRP ETF application in Delaware

Bitwise has filed an exchange-traded fund application in Delaware, and the application for the Bitwise XRP exchange-traded fund (ETF) has appeared on the website of the Department of Corporations. According to the application, the Bitwise XRP ETF was established on September 30, 2024. The registration agent is listed as CSC Delaware Trust Company, headquartered in Wilmington, Delaware. Filing an application in Delaware does not necessarily mean that a registration application will be filed with the U.S. Securities and Exchange Commission (SEC) soon. This step may be part of early preparations, and formally filing an application with the SEC may take months.

▌More than 20 industry professionals requested a meeting with the Harris campaign policy team this month to discuss crypto policy

Several crypto industry leaders requested a meeting with the campaign policy team of U.S. Vice President Harris and running mate Tim Walz this month to discuss policy proposals to promote innovation and inclusion. In a letter sent to the campaign policy team on Tuesday, Nat'lpolicy Network WOC blockchain founder Cleve Mesidor, Black Women Blockchain Committee founder Olayinka Odeniran and Pennsylvania State University Dickinson Law School professor Tonya Evans and others called for the establishment of a regulatory framework for Web3 and DeFi to encourage innovation in the United States. More than 20 people signed the letter. They wrote: "Our group of different Web3 and DeFi industry leaders wrote to request a meeting with the Harris Walz campaign policy team in October 2024 to discuss the importance of Web3 and DeFi policies and regulatory frameworks that promote American innovation."

Blockchain Applications

▌Blockchain identity authentication platform Humanity Protocol announced that it has launched a test network

Blockchain identity authentication platform Humanity Protocol announced that it has launched a test network, users can register for Human ID, and in a few weeks, they will be able to register palm prints through the application. It is reported that Humanity Protocol uses palm print recognition technology and zero-knowledge proof to ensure user privacy and security, aiming to provide accessible and non-invasive applications for establishing human proof in Web3.

▌Stablecoin protocol Usual has reached a cooperation with LayerZero, and the protocol will enter the Layer 2 network

Stablecoin protocol Usual has reached a cooperation with LayerZero. With the help of LayerZero's cross-chain interoperability, the Usual protocol will be introduced into the Layer2 network and achieve faster transactions, lower fees and seamless cross-chain functions. In addition, Usual said it is also paying attention to cooperation in CeFi and other fields, aiming to build a seamless bridge between decentralized finance and traditional finance.

▌Bitcoin developer Alpen Labs launches ZK Rollup "Strata"

Alpen Labs, a developer focused on Bitcoin, launched "Strata". According to the team: "Strata is the result of two years of research and development by Alpen. In the first phase, Strata will be a ZK rollup on Bitcoin with a minimally trusted BitVM bridge. In the long run, Strata will be a settlement layer for ZK proofs directly on Bitcoin. In April, Alpen received $10.6 million in financing.

Cryptocurrency

▌USDC Treasury mints 50 million USDC on Ethereum

According to Whale Alert, USDC Treasury minted 50 million USDC on the Ethereum blockchain at 02:02:47 Beijing time.

▌Yesterday, Fidelity FBTC had a net outflow of $144.67 million

According to Trader According to T monitoring, yesterday, Fidelity FBTC had a net outflow of $144.67 million (2,338 BTC).

▌A whale deposited the last 7,000 ETH into Coinbase 8 hours ago, worth $17.68 million

According to the on-chain analyst Ember, the whale/institution that withdrew 29,414 ETH (74.49 million USD) from Coinbase at the end of August at a price of $2,532 also completed the sale of all ETH 8 hours ago: the last 7,000 ETH (17.68 million USD) was transferred to Coinbase. He hoarded 29,414 ETH (74.49 million USD) at a price of $2,532, and then sold all of them at a price of $2,605, realizing a profit of $2.3 million.

▌Coinbase transferred io.net (IO) and Degen (DEGEN) Coinbase has included io.net (IO) and Degen (DEGEN) in its listing roadmap. Coinbase has included io.net (IO) and Degen (DEGEN) in its listing roadmap. ▌75 million USDT transferred from Bitfinex to Tether Treasury According to Whale Alert, 75,000,000 USDT (75,055,312 USD) were transferred from Bitfinex to Tether Treasury at around 1:13 am Beijing time today.

Important Economic Dynamics

▌The probability of the Fed cutting interest rates by 25BP in November is 63.3%

According to CME's "Fed Watch": The probability of the Fed cutting interest rates by 25 basis points by November is 63.3%, and the probability of cutting interest rates by 50 basis points is 36.7%. The probability of a cumulative rate cut of 50 basis points by December is 32.6%, the probability of a cumulative rate cut of 75 basis points is 49.6%, and the probability of a cumulative rate cut of 100 basis points is 17.8%.

Golden Encyclopedia

▌What is Algorithm of Thought (AoT)?

Algorithm of Thought (AoT) is a breakthrough 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 and intuitive understanding of the human thought process with a structured and systematic algorithmic approach.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.