Selected News:

1. Bitcoin options market makers are shorting Gamma, causing short-term volatility to rise and making it difficult for prices to drop significantly;

2. Worldcoin will change to reward operators with WLD, and extend the loan agreements with 5 market makers until December 15, 23 years.

3.Port3 Network has received investment from DWF Labs and will explore multidimensional cooperation plans;

4. A whale address added 3574 ETH to its holdings 20 minutes ago, and has accumulated a total of 14,647 ETH in purchases over the past 3 days.

5. Ethereum core developers: It is irresponsible for Nethermind and Besu to stop storing Ethereum historical data.

Project Updates

Bitmain plans to launch Aleo Antminer

According to official sources, Bitmain plans to launch the Aleo Antminer. The Aleo project heavily utilizes Zero-Knowledge Proof (ZKP) technology, aiming to build a decentralized, scalable, and privacy-protecting blockchain network.

Worldcoin will change to reward operators with WLD and extend loan agreements with 5 market makers to December 15, 2023.

Worldcoin announced that during the transition phase after the launch of Worldcoin, Orb operators will receive rewards in the form of USDC, and this transition phase is nearing its end. Operators will receive rewards in the form of WLD. In addition, World Assets Ltd. (a subsidiary of the Worldcoin Foundation) has signed loan agreements with five market makers operating outside the United States in preparation for the official launch of WLD. The purpose of these entities is to ensure sufficient liquidity for WLD traded on centralized trading platforms outside the United States and to enhance the price stability of WLD.

These five entities collectively obtained a loan of 100 million WLD, which was originally due on October 24, 2023. However, World Assets Ltd. decided to extend the initial loan agreement to December 15, 2023, while keeping all other terms of the agreement unchanged. Therefore, on October 24, 2023, the market maker will return 25 million WLD of the current outstanding loan, and the remaining 75 million WLD will be repaid on December 15, 2023.

Bitcoin options market makers are shorting Gamma, causing short-term volatility to rise and making it difficult for prices to drop significantly.

Galaxy Research Director of Research, Alex Thorn, posted on social media that in recent days, as the BTC spot price has risen, more and more Bitcoin options market makers have chosen to short Gamma. However, when shorting Gamma and the spot price rises, it is necessary to buy back the spot to maintain Delta neutrality, which should amplify any short-term upward momentum. According to their analysis of Amberdata, the starting price for market makers to short Gamma is around $28,500. If the Bitcoin price rises to $32,500, market makers will need to buy $20 million worth of Delta for every 1% increase thereafter. This means that as the spot price rises, market makers will need to buy more and more Bitcoin, which should increase the magnitude of any short-term upward movement.

In addition, because traders are long Gamma within the range of $26,750-$28,250. When they are long Gamma but the spot price falls, they must buy back the spot to maintain Delta neutrality. Therefore, as options traders buy back Delta, any short-term price decline will face resistance. This is a good thing for the bulls, because if the spot price rises moderately, the short covering of the bearish Gamma may cause its price to rise sharply soon, but if the price falls, the covering of the bullish Gamma may provide some support to limit the short-term decline.

The oracle project Supra will conduct a public sale at 15:00 on October 25th.

The oracle project Supra announced that it will conduct a public sale on October 25th at 15:00. 50 million SUPRA tokens will be available for public purchase, and buyers need to invest at least $200 with no maximum limit. During the TGE phase, investors can immediately receive 10% of the tokens, and then 5% will be released every month for the next 18 months. According to official documents, the supply of SUPRA tokens is 10,000,000,000 (10 billion).

Binance will support Polygon native USDC

According to an official announcement, Binance will support the native USD Coin (USDC) issued by Circle on the Polygon network. Deposits and withdrawals of the token on the aforementioned network will be available soon. Binance currently supports the cross-chain version of USD Coin (PoS) (USDC.e) and will adopt MATICUSDCE as its code. Binance will temporarily suspend the existing USDC deposit and withdrawal services on the Polygon network on October 25, 2023 at 14:00 (GMT+8); Spot trading, margin trading, futures trading, Binance Earn, and Binance Pay services for USDC will not be affected.

Viewpoint

Ethereum core developers: Nethermind and Besu's decision to stop storing Ethereum historical data is irresponsible

Ethereum core developer and Geth client developer Péter Szilágyi stated on social media that it is irresponsible for Ethereum clients Nethermind and Besu to stop storing Ethereum historical data without standardizing it in a way that does not violate the protocol. Allowing users to not store historical chains is a very dishonest marketing tactic, and users switch to the X client because it is smaller; they can still access old data because Geth provides it; users are unaware of this with Geth developers.

They can collaborate on EIP-4844 to help archive historical blocks, and then all clients can delete them at once, but market share will not change. Péter Szilágyi expressed his desire to quit Ethereum, "Since even core developers are maximizing their relative interests compared to other developers, why bother making it better? I am deeply disappointed in everyone involved."

Data

friend.tech "Keys" price ranking: Crypto KOL Vombatus ranks first with 8.236 ETH

friend.tech "Keys" price ranking latest data shows: · Encryption KOL Vombatus ranks first with 8.236 ETH; · Encryption KOL CBB0FE ranks second with 5.663 ETH; · Encryption KOL Levi ranks third with 4.064 ETH; · Encryption KOL MURPHY_WIFE ranks fourth with 3.844 ETH; · Encryption KOL Herro ranks fifth with 3.57 ETH.

2 new wallet addresses withdrew 24,784 TRB, worth approximately $1.88 million, from OKX and Binance 10 minutes ago.

According to Lookonchain monitoring, 2 new wallet addresses from OKX and Binance collectively withdrew 24,784 TRB ($1.88 million) about 10 minutes ago. In the past three days, a total of 7 new wallet addresses have withdrawn 198,755 TRB ($15.06 million) from trading platforms, accounting for 7.83% of the total supply.

OPNX total trading volume reaches 10 billion US dollars

The encryption claims and trading platform Open Exchange (OPNX) stated on social media that the total trading volume of the platform has reached 10 billion US dollars.

Telegram communication group: https://t.me/theblockbeatsApp

Twitter official account: https://twitter.com/BlockBeatsAsia

Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

Official Twitter Account: https://twitter.com/BlockBeatsAsia