Top News:

1. Celestia has completed the deployment of its mainnet test version, marking the official launch of its modular network.

2. Circle will no longer support consumer account minting of stablecoins.

3. BingX, Binance, OKX and other platforms have successively launched TIA trading.

4. Musk: NFT is not even on the blockchain, it's just a URL pointing to a JPEG.

5. A US judge ruled that New York law applies to the SBF case.

Price Observation

CYBER breaks through $7.5, with a 24-hour increase of 19.53%

On October 31st, according to market data, CYBER broke through $7.5 with a 24-hour increase of 19.53%.

OSMO surged above $0.39, with a 24-hour increase of 25.68%.

On October 31st, according to market data, OSMO rose and broke through 0.39 US dollars, with a 24-hour increase of 25.68%.

JUNO 24-hour increase exceeds 140%, now priced at $0.66

On October 31st, according to CoinGecko data, JUNO saw a 24-hour increase of 142%.

Cosmos ecosystem mainstream currency sees a general rise, with JUNO's 24-hour increase exceeding 140%

On October 31st, according to CoinGecko data, mainstream tokens in the Cosmos ecosystem experienced a general uptrend, with ATOM rising by 7.8% in 24 hours, JUNO rising by 142% in 24 hours, OSMO rising by 24.8% in 24 hours, and EVMOS rising by 28.1% in 24 hours.

Aevo market TIA futures prices have experienced significant fluctuations, rising to nearly $3.6 at the highest

On October 31st, according to data from the options trading platform Aevo, the TIA (Celestia) futures price experienced significant fluctuations within one hour, rising to nearly $3.6 at its highest and dropping to $2.75 at its lowest.

SUSHI short-term breakthrough $0.76, 24-hour increase of 17%

On November 1st, according to OKX market data, SUSHI briefly broke through $0.76 with a 24-hour increase of 17%.

SOL breaks through $38.6 in a short time, hitting a new high for the year

On November 1st, according to OKX market data, SOL short-term broke through $38.6, hitting a new high for the year, with a 24-hour increase of 9.69%.

Transaction Tracking

Nansen: FTX released 1.6 million SOL from collateral yesterday, worth $57.6 million

On October 31st, according to Nansen's monitoring, FTX released 1.6 million SOL, worth $57.6 million, from its staking pool yesterday. Currently, these funds have not left the wallet. According to previous reports, FTX/Alameda transferred $27.2 million worth of cryptocurrency again today, according to Lookonchain's monitoring. As of October 31st, FTX/Alameda has transferred approximately $106 million worth of cryptocurrency.

Fantom Foundation attacker transferred 8.3 million DAI and exchanged it for 4621.8 ETH

On October 31st, according to PeckShieldAlert data monitoring, the attacker of Fantom Foundation transferred 8.3 million DAI to a new address starting with 0x5cDE and exchanged it for 4621.8 ETH.

Tether Q3 Report: Cash and Cash Equivalents Reserve Ratio Reaches 85.7%, Setting a New Record, Excess Reserves Reach $3.2 Billion

On October 31st, Tether, the issuer of the stablecoin USDT, released a third-quarter attestation report for 2023 completed by independent accounting firm BDO. The report shows that as of September 30th, 2023, Tether's total assets were at least $86,384,653,832, exceeding the total liabilities of $83,176,997,409. The proportion of its cash and cash equivalents (C&Ceq) reserve reached a historic high of 85.7%.

The vast majority of them are US Treasury bills, totaling $72.6 billion. Tether has accumulated $3.2 billion in excess reserves, leaving only $2 billion in collateralized loans as part of its US dollar reserve.

In addition, the Tether Group does not consider using a portion of its reserves to support investments in sustainable energy, Bitcoin mining, data, and P2P technology for issued tokens. As of the third quarter of 2023, investments in these areas reached $668,891,473, and have reached $809,491,473 since the beginning of the year.

Insiders: Jane Street, Jump and other traders have negotiated with BlackRock on "market-making for BTC spot ETF"

On November 1st, according to sources cited by Coindesk, some of the world's largest market makers may participate in the approval of BlackRock's BTC spot ETF by regulatory agencies, providing liquidity for the ETF. Currently, trading giants Jane Street, Virtu Financial, Jump Trading, and Hudson River Trading have negotiated with BlackRock on market-making roles.

Data: Flow mainnet transaction volume exceeds 500 million

On November 1st, Flow officially announced that the total transaction volume on the Flow mainnet has exceeded 500 million, reaching 500,002,135 transactions, with 452 active nodes.

派盾：Frax Finance website DNS suspected to be hijacked

BlockBeats News, on November 1st, according to PeckShield's monitoring, the DNS of the hybrid algorithm stablecoin protocol Frax Finance website was suspected to have been hijacked.

Financing Express

SINOHOPE, a company in the encryption industry, has partnered with Alpha Blockchain Capital to launch a 100% virtual asset investment fund.

On October 31st, according to official sources, New Fire Technology Holdings Limited announced a partnership with Alpha Blockchain Capital (referred to as "ABC") to launch a 100% virtual asset investment fund - Alpha Blockchain SP1, aimed at providing eligible professional investors with investment portfolios in 100% virtual assets.

It is reported that the Alpha Blockchain SP1 Fund adopts an active investment strategy, with New Fire Asset Management (Hong Kong) Limited ("New Fire Asset Management") and China Zhongheng Financial Group Limited ("Zhongheng Financial") jointly serving as investment managers and Alpha Blockchain Capital serving as the advisor to the fund. The fund's investment scope will focus on 100% virtual assets, and its target clients are professional investors who have passed risk assessment and virtual asset knowledge assessment and are qualified.

Regulatory News

SEC Chairman Gary Gensler congratulates the 15th anniversary of the release of the BTC white paper

On November 1st, Gary Gensler, the Chairman of the US SEC, posted on social media to congratulate the 15th anniversary of the BTC whitepaper.

The US Government Accountability Office: SEC did not submit cryptocurrency accounting-related announcements to Congress for review in accordance with procedures

On November 1st, according to CoinDesk, the US Government Accountability Office (GAO), a subsidiary of the US Congress, found that the Securities and Exchange Commission (SEC) did not submit Accounting Staff Bulletin No. 121 (SAB 121) to Congress for review in accordance with federal rulemaking procedures. The SEC responded that this conclusion only affects the interpretation of SAB 121 under the Congressional Review Act and does not directly affect the current status of the bulletin as a non-binding SEC policy. SAB 121 requires financial institutions holding customer cryptocurrency assets to record these assets on their own balance sheets.

A US judge ruled that New York law applies to the SBF case.

On November 1st, according to CoinDesk, US Federal Judge Lewis Kaplan will explain to the jury how New York law applies to the seven charges against SBF. SBF's lawyers have attempted to argue that the jury should follow British law as FTX's terms of service are governed by the UK. Closing arguments will begin on Wednesday, and deliberations could begin as early as Thursday.

The largest virtual currency money laundering merchant in Taichung was arrested, with a total of over 320 million USDT laundered in a year.

On November 1st, according to the report by United Daily News, the Criminal Investigation Bureau's Cyber Crime Investigation Division in Taiwan cracked a case of fraudulent mobile phone software using fake Taishin Securities credentials last year. During the investigation of the victim's funds, it was discovered that a money launderer surnamed Qiu was suspected of using virtual currency to launder money and frequently traveled to Southeast Asian countries such as Malaysia. In June of this year, the police arrested Qiu and three other suspects when he returned to Taiwan. Upon further investigation of Qiu's phone, it was found that he had handled 320 million USDT from February of last year until now.

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