Headline
▌Trump: Happy 16th Anniversary of Bitcoin White Paper
Former US President Trump posted on social media platform X: "I want to wish our great Bitcoin enthusiasts a happy 16th anniversary of the Satoshi White Paper. We will end Harris's war on cryptocurrency, and Bitcoin will be made in the United States! Vote for Trump!"
▌OpenAI adds search function to ChatGPT to challenge Google
OpenAI is adding a new set of search functions to its flagship product ChatGPT, further escalating the challenge of the artificial intelligence startup to Alphabet's Google. OpenAI said on Thursday that this option, called ChatGPT Search, will allow users of chatbots to search for timely information like on the web and obtain online attribution from news publishers and other data sources. Previously, the company launched a product prototype called SearchGPT in July, which is separate from the ChatGPT application and is only available to a limited number of users.
OpenAI said the search function will be available on the chatgpt.com website as well as desktop and mobile applications.
Market
As of press time, according to Coingecko data:
BTC recently traded at $70,217.48, with a daily increase or decrease of -3.0%;
ETH recently traded at $2,515.53, with a daily increase or decrease of -5.4%;
BNB recently traded at $575.40, with a daily increase or decrease of -3.4%；
SOL's latest transaction price is 168.47 US dollars, with a daily increase or decrease of -3.8%；
DOGE's latest transaction price is 0.1614 yuan, with a daily increase or decrease of -4.5%；
XPR's latest transaction price is 0.5091 US dollars, with a daily increase or decrease of -2.7%.
Policy
▌Immutable responded to the U.S. SEC Wells Notice that IMX tokens are not securities
Blockchain game company Immutable received a Wells Notice from the U.S. Securities and Exchange Commission (SEC), accusing it of possible violations of securities laws. Immutable responded that IMX tokens do not fall into the category of securities and questioned the SEC's practice of "replacing regulation with law enforcement." Immutable called for a clear regulatory framework.
▌Italian Finance Minister: Digital assets are "extremely risky" and a 42% crypto capital gains tax is necessary
During the World Savings Day event held on October 31, Italian Economy and Finance Minister Giancarlo Giorgetti refuted criticism of the plan to increase capital gains tax on cryptocurrencies such as Bitcoin to 42%. Giorgetti said digital assets are "extremely risky" and a 42% crypto capital gains tax is necessary.
Previously, the Italian Council of Ministers approved a budget bill to increase the capital gains tax on Bitcoin from 26% to 42%. The proposed tax increase still needs to be reviewed and approved by Italian lawmakers before it can be implemented.
▌A Pennsylvania judge put Musk's case involving the US election on hold while the federal court heard the case
A Pennsylvania judge put Musk's case involving the US election on hold while the federal court heard the case.
Musk was previously asked to attend a hearing in Philadelphia, Pennsylvania, to consider his million-dollar lottery to encourage voters to vote. It is reported that Musk supports former US President and Republican presidential candidate Trump and has spent millions of dollars to support his campaign. Musk announced the $1 million prize lottery through the "American Political Action Committee" to increase voter registration in competitive areas.
Blockchain Applications
▌Web3 infrastructure company BlockJoy launches node tool BlockVisor 2.0
Web3 infrastructure company BlockJoy has launched BlockVisor 2.0, a "custom solution for blockchain node operators designed to eliminate the need for expensive cloud infrastructure."
▌Zero-knowledge proof company NEBRA launches aggregation tool on World Chain
Zero-knowledge proof research company NEBRA is launching its universal proof aggregator tool on World’s blockchain World Chain. The integration is designed to reduce the cost of running ZK proofs on World Chain.
Cryptocurrency
▌Tether's net profit in the third quarter reached $2.5 billion, and the cumulative profit in the first nine months of this year reached $7.7 billion
Tether Holdings released its third-quarter financial report for 2024, showing that the company's net profit reached $2.5 billion, the cumulative profit in the first nine months reached $7.7 billion, and the total assets reached $134.4 billion, all of which were record highs. The circulation of the stablecoin USD₮ issued by Tether is close to $120 billion, a year-on-year increase of 30%. In addition, Tether holds $102.5 billion in U.S. Treasury bonds, ranking among the top 18 holders in the world. At the same time, the company's reserve buffer increased to more than $6 billion, and continued to invest in gold, Bitcoin mining and artificial intelligence.
▌Analyst: Ethereum's "lowest retracement point" before hitting a new all-time high may be $2,500
Independent analyst Poseidon said that Ethereum had experienced the "last drop" last weekend, falling to $2,382, but immediately rebounded to above $2,500 within 48 hours. The trader explained that ETH has reclaimed the 200-day EMA level on the 8-hour time frame, and the weekend's decline was a "bear trap/bias", and the "lowest retracement point" before hitting a new all-time high may be $2,500.
The analyst said: "If it stays above $2,600, I will add more long positions. I still believe that this range will eventually break out to the upside."
▌MicroStrategy has purchased Bitcoin every quarter since Q3 2020
According to an article in Bitcoin Magazine, MicroStrategy has purchased Bitcoin every quarter since the third quarter of 2020.
▌U.S. Congressman McHenry celebrates the 16th anniversary of the publication of the Bitcoin white paper
According to Bitcoin Magazine, U.S. Congressman McHenry said: "We celebrate the 16th anniversary of the publication of the Bitcoin white paper. Innovators, entrepreneurs and developers are making Satoshi Nakamoto's vision closer to reality than ever before."
▌Viewpoint: MicroStrategy's plan to raise $42 billion to acquire more Bitcoin is a "win-win"
Alexander Blume, CEO of Two Prime Digital Assets, said that MicroStrategy's plan to raise $42 billion to acquire more Bitcoin is a "win-win". More and more investors are considering how to invest in Bitcoin in the event of further depreciation of the US dollar, which is one of the reasons for the recent strength of Bitcoin prices, which may stimulate more institutional interest in Bitcoin and related investments.
Important Economic Dynamics
▌Capital Economics: Non-farm payrolls must be much lower than expected to make the Fed more dovish
Olivia Cross of Capital Economics said in a report that non-farm payrolls must show a "significant decline" this week for the Fed to cut interest rates by another 50 basis points next week. Economists surveyed by the Wall Street Journal expect new jobs to slow to 100,000 from 254,000 in September due to the impact of hurricanes and strikes. Cross said the data needs to be much lower than expected to prompt the Fed to be more dovish. On the other hand, Cross believes that there are upside risks to inflation, which is another reason for the Fed to act cautiously.
▌The probability of the Fed cutting interest rates by 25BP in November is 90.1%
According to CME's "Fed Watch", the probability of the Fed cutting 25 basis points by November is 90.1%, and the probability of keeping the current interest rate unchanged is 9.9%. The probability of maintaining the current interest rate unchanged by December is 1.9%, the probability of a cumulative interest rate cut of 25 basis points is 25.2%, and the probability of a cumulative interest rate cut of 50 basis points is 72.9%.
▌The US stock market closed with the Nasdaq down 2.76%, and technology stocks fell across the board
The three major US stock indexes closed down collectively, with the Dow Jones Industrial Average down 0.9%, the Nasdaq down 2.76%, and the S&P 500 down 1.86%. Large technology stocks fell across the board, with Microsoft down more than 6%, Meta down more than 4%, Amazon and Tesla down more than 3%, and Apple and Google down nearly 2%. Chip stocks fell across the board, with Arm down more than 8%, Nvidia and Micron Technology down more than 4%, and TSMC and Qualcomm down more than 2%.
Golden Encyclopedia
▌What is the Aptos Blockchain?
Aptos aims to be a fast, scalable and reliable blockchain that supports decentralized applications (DApps) and aims to accelerate the development of Web3. Avery Ching and Mo Shaikh launched the Aptos Blockchain on October 12, 2022. It is designed to achieve high throughput and low latency, which means it can process approximately 160,000 transactions per second and verify them in less than 1 second on average. Aptos technology natively integrates the Move language to provide these fast and secure transactions, allowing developers to write smart contracts and build DApps. Aptos provides everything you need to "build your big idea" and even combines artificial intelligence to make Web3 easy for novices and experts.
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.
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