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Strive Enterprises launches a new capital management division, integrating bitcoin into client portfolios to protect against risks, including high levels of global debt, rising yields on fixed assets, and inflationary pressures 📈
Strive Enterprises, founded by Vivek Ramaswamy, announced on November 1 the launch of a new capital management division that integrates Bitcoin into client portfolios.The company aims to use Bitcoin as a protective tool against risks such as high levels of global debt, rising yields on fixed income, and inflationary pressures.Ramaswamy noted that many asset managers do not consider adding Bitcoin to client portfolios, which sets their strategy apart from competitors.
Crypto casino Metawin hacked for $4 million on Ethereum and Solana: October has become a bloody month for the security of decentralized finance with total losses of $88.47 million ✂️
Analyst ZachXBT reported that the crypto-casino Metawin was hacked for over $4 million on the Ethereum and Solana platforms. He tracked more than 115 addresses associated with the attacker, who transferred funds to KuCoin and HitBTC.In October, there were 20 attacks on crypto platforms, with total losses of approximately $88.47 million. The largest attack occurred on October 17, when Radiant Capital lost $53 million due to vulnerabilities in smart contracts. Hackers also stole $20 million from a government wallet, but most of the funds were returned.As of November 2024, losses from hacker attacks have exceeded $1.4 billion. In the third quarter, hackers stole $750 million through 155 incidents, with average losses of $5.93 million. The main attack methods remain phishing and the compromise of private keys, highlighting the need for improved security in decentralized finance.
Ripple executed large transfers: 900 million XRP transferred to anonymous wallets, XRP price increased by 3% to $0.51833 💰📈
Whale Alert recorded two large XRP transfers from Ripple amounting to nearly a billion coins: 500 million and 400 million XRP, which totals $254.7 million and $203.8 million respectively. Ripple regularly releases one billion XRP per month, returning about 80% back to escrow to support liquidity.A transfer of 31.1 million XRP to the Bitso exchange was also recorded, confirming Ripple's collaboration with this platform. As a result, the price of XRP increased by 3% to $0.51833.
Web3 startups raised $5.4 billion in venture capital in 2024: $1.4 billion in the third quarter, marking a focus on decentralized projects and artificial intelligence 🚀
Blockchain startups raised $1.4 billion in the third quarter of 2024, bringing the total investment to over $5.4 billion. Investors are focusing on the intersection of blockchain and artificial intelligence, as well as decentralized infrastructure. In October, Glow raised $30 million for developing a decentralized solar network, while Nillion Network secured $25 million for its privacy platform.Venture firms are gearing up for 2025 by creating new funds. Gate Ventures and Boon Ventures launched a $20 million fund for Web3 startups, while Dragonfly Capital is raising $500 million for its fourth crypto fund.
The Sheetz convenience store chain expands its partnership with Flexa: Now Bitcoin (BTC), Ether (ETH), and USD Coin (USDC) payments are available at more than 750 locations in the United States 🛒
SafePal launches the Mini Wallet App in Telegram, allowing 950 million users to create individually owned Swiss bank accounts with support for the digital crypto card Visa 💳
UBS Asset Management launches the “UBS USD Money Market Investment Fund Token” (uMINT) on the Ethereum platform for investors in tokenized financial assets 💰
Huawei launches Harmony OS with the integration of the digital yuan (CBDC) 💵, allowing applications to make payments directly 💳 and strengthening financial security when interacting with other financial applications 🔒
The Open Network (TON) Foundation has launched a new decentralized governance model, Society DAO, to actively engage the community in decision-making and resource allocation. 🌐
Transak received two licenses: A second money transmission license (MTL) in the US 💳 and registration with FINTRAC as a money services business (MSB) in Canada 🍁
SCRYPT and P2P.org launch a collaboration to support the conversion of EigenLayer (EIGEN) to Ethereum (ETH), providing convenient solutions for delegators 🚀
Aptos Foundation and SK Telecom integrate Tether’s USDT into “T wallet” for 30 million users: a step towards mass web3 adoption ⚡️
Top-5 Largest Scam Altcoins
BitConnect — A Ponzi scheme promising high returns, collected $3.5 billion (2016-2018), collapsed, leaving investors without funds.OneCoin — MLM-style scam, raised over $4 billion since 2014. The founder disappeared, and the blockchain turned out to be fictitious.Pincoin and iFan — A scheme from Vietnam, attracted $660 million through fake ICOs. The management vanished with the money.Prodeum — A "produce tracker" disappeared after raising funds, leaving only the word “penis” on its site.Centra Tech — Promised a crypto debit card, raised $25 million. The founders were convicted of fraud.
SingularityDAO has merged with Cogito Finance and SelfKey to create Singularity Finance—an EVM-based Layer 2 platform for the AI economy: 94.78% of SDAO holders supported the merger 🔹
SingularityDAO has completed voting on plans for a merger with Cogito Finance and SelfKey to create the Singularity Finance platform—a Layer 2 EVM-based platform aimed at tokenizing the AI economy. The merger was supported by 94.78% of SDAO token holders, with over 15 million tokens cast via the Snapshot platform.Mario Casiraghi, co-founder of SingularityDAO, emphasized the importance of this decision and expressed gratitude for the support, which will enable SingularityDAO and its partners to accelerate innovation in AI and DeFi. Now, SingularityDAO awaits a KEY community vote to confirm SelfKey’s participation.Singularity Finance will focus on AI services, such as tokenizing real assets and managing digital identities. Cloris Chen, CEO of Cogito Finance, noted that the merger will open new opportunities at the intersection of AI and DeFi, establishing Singularity Finance as a leader in this sector.The merger will also integrate SelfKey and Cogito's solutions to enhance AI-driven portfolio and risk management solutions already offered by SingularityDAO. Singularity Finance will be governed by a leadership council, including Mario Casiraghi, Cloris Chen, and Dr. Ben Goertzel.
Sonic, Solayer, and Adrastea are launching an innovative rewards program for delegators with liquid restaking tokens LRT and have attracted over $50 million in SOL 🚀
The Sonic SVM project on the Solayer platform has reached a milestone of $50 million SOL delegated to its services. In honor of this, Sonic is launching a new rewards program for delegators, offering additional returns. This has been made possible through a partnership with Adrastea, which has implemented Liquid Restaking Tokens (LRTs) that allow delegators to retain SOL liquidity while simultaneously earning staking rewards.The collaboration between Sonic, Solayer, and Adrastea is aimed at strengthening the Solana restaking ecosystem by providing users with new earning opportunities and flexibility in asset management.
OpenAI has introduced the search feature in ChatGPT with real-time web search support and partnerships with Reuters, Associated Press, and other leading news agencies 📰
OpenAI launched a new search feature in ChatGPT, enabling competition with search engines like Google and Bing. Now, users can access real-time news, sports results, stock quotes, and weather forecasts thanks to web search and partnerships with data providers.The ChatGPT Search feature, which was beta-tested over the summer, is available to ChatGPT Plus subscribers and waitlisted members, and will soon be available in the free version. OpenAI noted that the new feature allows for "searching in a more natural and intuitive way," making information search simpler and more convenient.
Best news of the last 10 days
VanEck invested in the first AAA-level Web3 game by Gunzilla Games, "Off The Grid," with the opportunity to earn GUN tokens on PC, Xbox, and PS5 platforms 🎮
Suilend launches SpringSui to enhance liquid staking and yield opportunities on Sui Network, introducing the new token Spring SUI (sSUI) and protocol updates SIP-31 and SIP-33 🌐
Cyberattack on centralized cryptocurrency exchange M2: $13.7 million in digital assets, including Bitcoin, Ether, and Solana, were stolen; the exchange has announced full restoration of client funds and strengthened security measures 🔒
Crypto.com Completes Acquisition of SEC Registered Broker-Dealer Watchdog Capital, LLC, Opening Access to Stock and Options Trading for American Traders 📈
Citrea Raises $14 Million for DeFi Development on Bitcoin Using Zero-Knowledge Technologies and Launches the ‘Citrea Origins’ Program for Developers 🎉
Citrea is expanding the use of Bitcoin by offering DeFi services such as lending and borrowing BTC without intermediaries. The platform utilizes zero-knowledge technologies to enhance Bitcoin's scalability and supports rollups similar to Ethereum, enabling the hosting of a variety of applications on the Bitcoin blockchain.Citrea has raised $14 million in a Series A funding round led by Peter Thiel's Founders Fund, with participation from prominent players in the crypto ecosystem. This marks Founders Fund's first investment in Bitcoin-focused projects and underscores the growing interest in Bitcoin-based solutions.The launch of the ‘Citrea Origins’ program invites developers to create applications on the platform, fostering the formation of a DeFi ecosystem based on Bitcoin. Chainway Labs CEO Orkun Kilic noted that Citrea will serve as the foundation for a "limitless economy" and assist in achieving "hyperbitcoinization."
Gustavo Rodriguez received eight years in prison for his role in crypto fraud with IcomTech: a Ponzi scheme with false promises to investors and fake returns 🚨
Gustavo Rodriguez, a former promoter of the cryptocurrency company IcomTech, was sentenced to eight years in prison for participating in fraud. Southern District of New York Judge Jennifer Rochon found that Rodriguez made false statements in court but issued a lighter sentence than prosecutors had requested.Founded in 2018 by David Carmona, IcomTech presented itself as a mining and cryptocurrency trading company, promising guaranteed returns but engaged in no real activity. Instead, it operated as a Ponzi scheme, where new investors' funds were used to pay the old ones.
Binance and Amazon Web Services join forces to optimize the KYC process using artificial intelligence: data accuracy up to 95% and cost reduction by 80% 📊
Binance announced a partnership with Amazon Web Services (AWS) to optimize the KYC verification process using artificial intelligence.Starting October 31, the new KYC system on the Binance platform automatically fills in user data, verifies addresses, and screens against the World-Check database. Thanks to AI integration, data recognition accuracy has increased to 95%, recognition costs have decreased by 80%, and address verification approvals have increased by 6% across 107 jurisdictions. Additionally, the time for screening in the World-Check database has been reduced by 30%.Rohit Wad, CTO of Binance, added that the company plans to expand the use of AWS technologies to improve customer service, risk management, and regulatory compliance.
Bybit has launched the localized platform bybit.kz for Kazakhstan with support for a fiat gateway for Kazakhstani tenge (KZT), simplified registration, and multilingual support 🚀
Bybit, the second-largest cryptocurrency exchange in the world, has launched a fully localized platform, bybit.kz, for the Kazakhstani market, having received a license from the Astana Financial Services Authority (AFSA). Now, users in Kazakhstan can take advantage of a secure and convenient platform with unique opportunities for the local crypto community. In collaboration with local banks, a fiat gateway will be launched for deposits and withdrawals in KZT, ensuring fast and convenient transactions. The platform offers support in Kazakh, Russian, and English, so users can receive assistance in their native language. Bybit Kazakhstan adheres to high-security standards and complies with strict KYC and AML requirements.The launch of bybit.kz opens up new opportunities for crypto traders in Kazakhstan, providing them with access to high-quality and secure services tailored to their needs.