Headlines
Michael Saylor: MicroStrategys ultimate goal is to become a Bitcoin bank
According to Bitcoin Magazine, Michael Saylor said MicroStrategys ultimate goal is to become a Bitcoin Bank and build a company with a market value of one trillion US dollars.
Japanese listed company Metaplanet bought another 108.99 BTC
Metaplanet, a Japanese listed company, announced on X that it had spent another 1 billion yen to buy 108.99 BTC, and currently holds a total of 748.502 BTC.
The prediction market Polymarket predicts that Trumps probability of winning the US presidential election has risen to its highest point in more than two months, currently at 55.5%, while Vice President Harris probability of winning has dropped to 43.9%, and the gap between the two has further widened.
Additionally, more than $1.6 billion has been placed on Polymarket on the November election.
Fidelity plans to launch blockchain-based money market fund
Fidelity is preparing to launch a money market fund that may one day trade on a blockchain, the latest move by traditional large money managers to explore how to use blockchain technology to speed up financial transactions and expand the audience for their products.
Fidelity recently filed a document with the U.S. SEC outlining the plan. By launching this fund, Fidelity will catch up with BlackRock, which already has a similar fund and has attracted more than $500 million in funds. (The Information)
Industry News
Cosine: Angel Drainer announced that he led the phishing attack of 15,079 fwDETH assets
According to a post published by SlowMist Cosine on the X platform, the phishing group Angel Drainer announced that it had led the phishing attack on 15,079 fwDETH assets.
It is reported that today a user lost 15,079 fwDETH (over 35 million US dollars) after signing a permit phishing signature.
Project News
Market News: Arkham Intelligence plans to launch crypto derivatives exchange next month
According to market news, blockchain data company Arkham Intelligence Inc., which is backed by investors including OpenAl founder Sam Altman, plans to launch a crypto derivatives exchange next month, according to a person familiar with the matter. The person, who asked not to be named, said Arkham Intelligence is moving its operations from London and New York to Punta Cana, Dominican Republic, where the new exchange is expected to be located.
Worldcoin and Dune Partner to Increase Transparency Ahead of World Chain Mainnet Launch
Worldcoin is partnering with Dune to increase transparency for users ahead of the World Chain mainnet launch.
It is reported that Dune will enable the Worldcoin community to obtain on-chain data through detailed analysis or insights. The cooperation will also provide developers and users with indicators such as the number of real people interacting with the chain, the performance of DeFi protocols or DEX based on World Chain. (TheBlock)
Investment and Financing
Ithaca, a second-layer network development company, announced the completion of a new round of financing of US$20 million, with Paradigm participating in the investment. Paradigms CTO Georgios Konstantopoulos will serve as the companys CEO. The new funds will support Ithaca to launch its Layer 2 blockchain Odyssey, which has begun running on the test network. (TheBlock)
Character Voice
Max Kettner, chief multi-asset strategist at HSBC, said on Thursday that it was almost certain that the last two meetings of the year would see a 25 basis point rate cut each. However, after the CPI release, Atlanta Fed President Bostic said he was completely comfortable with keeping interest rates unchanged next month, and he already expected only one more rate cut this year. (Jinshi)
Wolfe Research: The Fed may switch to cutting interest rates every other meeting
Stephanie Roth, chief economist at Wolfe Research, said this could lead some Fed officials to consider pausing rate cuts, depending on what subsequent data shows. I dont think todays data will change a lot, Roth said. We expect them to cut rates at every meeting, but if the job market and inflation data continue on their current trend, they will likely move to cutting rates every other meeting. (Jinshi)
Scroll Co-founder: Thank you to the community, but wider distribution is better for everyone
Sandy Yu, co-founder of Scroll, said in a post on X: For us, Binance is not only a listing platform, but also the best channel for global distribution. It will open up channels for deposits and withdrawals and help us enter the next stage of development, especially for emerging markets. Binance now supports ETH deposits and withdrawals for the Scroll network, and will soon support stablecoin deposits and withdrawals. We will be the first zkRollup to receive such support.
Sandy added: “We love and appreciate our community, but a wider distribution is better for everyone. This way we can welcome more members in the future. This is a long-term game.”
According to previous news, Scroll has announced its token economic model, but the community is generally dissatisfied with Scrolls distribution plan of providing 5.5% of tokens to Binance Launchpool and 7% of tokens to the first airdrop.
