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In the wave of AI and blockchain integration, the release of ERC-8004 marks the entry of the Machine Economy into the Trust Era.
It's time to upgrade the financial system, rebuild the global payment channels, and create the world's deserved Internet.
The U.S. government shutdown continues, Bitcoin price rebounds; Meteora founder accused of token manipulation; Hyperliquid Strategies plans to raise 1 billion USD; Tesla’s Bitcoin holdings have yielded an 80 million USD profit; crypto industry leaders discuss regulatory legislation. Summary generated by Mars AI. This summary is produced by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.
An era of conversation has begun, the era of confrontation has ended
Several Asia-Pacific countries, including Hong Kong, India, Mumbai, and Australia, are resisting corporate hoarding of cryptocurrencies.
At this new historical starting point, the entire industry is working together to move toward a more open, interconnected, and efficient future.
Investing globally no longer requires a cross-border identity, just a Bitget account.
- 05:30Multicoin Capital partner Kyle Samani: More optimistic about FHE compared to TEE and ZKPJinse Finance reported that on October 23, Multicoin Capital partner Kyle Samani joined the recent heated privacy discussion in the crypto community by posting on X, stating that assets are more important than privacy. For 99% of people, the risks of volatility far outweigh the benefits brought by privacy. There are three main ways to achieve on-chain privacy: Trusted Execution Environment (TEE), Zero-Knowledge Proof (ZKP), and Fully Homomorphic Encryption (FHE). When considering which method is optimal, three variables are important: A. Permissionless; B. Ability to execute arbitrary DeFi; C. Scalability of algorithms and chips. However, TEE does not work in a permissionless environment, and B is exactly where ZKP fails. He cited the recently surging privacy project Zcash as an example: when you submit an anonymous Zcash transaction, this transaction is actually invisible and cannot interact with anyone else's assets, making DeFi impossible. FHE, on the other hand, allows computation on encrypted data, and privacy DeFi using FHE architecture is very straightforward. Therefore, he expressed that he is more optimistic about FHE.
- 05:14Japan Plans to Ban Banks and Insurance Companies from Selling Cryptocurrencies, Securities Firms May Be PermittedJinse Finance reported that the Financial Services Agency of Japan is advancing a regulatory proposal for financial products, intending to prohibit banks and insurance companies from selling virtual currencies, while allowing securities firms and similar institutions to conduct virtual currency sales. Previously, the Financial Services Agency of Japan had already regarded virtual currencies as investment targets and has been exploring regulatory measures under the Financial Instruments and Exchange Act. The agency believes that virtual currency prices are highly volatile and there is a risk of asset leakage due to cyberattacks, thus it is necessary to protect the interests of depositors and insurance policyholders. However, given that internet securities firms and other institutions are already engaged in virtual currency sales, from the perspective of fair competition, the Financial Services Agency of Japan has preliminarily decided to allow securities subsidiaries under banks or insurance companies to sell virtual currencies. The report also pointed out that "it is expected that only after risk management measures are fully established will the Financial Services Agency of Japan possibly approve banks or insurance companies to hold and operate virtual currencies." The Financial Services Agency of Japan plans to submit relevant legal amendments at next year's regular session of the National Diet.
- 05:09After closing a BTC long position, the whale starting with 0x3fc opened a short position, holding over $80 million.According to ChainCatcher, monitored by HyperInsight, in the past three hours, the whale address starting with 0x3fc, after closing its BTC long position, switched to opening a new BTC short position at an average price of $108,300, with a notional position value reaching $80.28 million. It is currently experiencing a floating loss of over 20%, with the current liquidation price at $109,700. In addition, this address had previously chased long positions in BTC and SOL during the market pullback at 4 a.m. today, and closed those positions three hours ago. Over the past week, the cumulative loss for this address has reached $3.64 million.