Elon Musk's Dogecoin Pump Boosts Other Meme Coins Amid Trump Rally Tour. In a recent surge, Dogecoin (DOGE) saw a significant increase in value, followed by other meme-based cryptocurrencies like Shiba Inu (SHIB) and JINDRAV. This rally is attributed to the involvement of Elon Musk, who tweeted about DOGE's potential, sparking interest among investors. As a result, these meme coins have seen increased trading volumes and values.
Source: https://decrypt.co/288815/elon-musk-dogecoin-pump-meme-coins
Bitmain, a leading manufacturer of cryptocurrency mining equipment, has denied allegations linking it to a supply chain investigation involving Huawei. The company issued a statement asserting its independence and commitment to transparency in the face of unsubstantiated claims.
Source: https://decrypt.co/288788/bitmain-denies-ties-huawei-supply-chain-investigation
Robert Downey Jr. has expressed concerns about the use of his likeness in digital replicas created with generative AI. The actor, known for his role as Tony Stark/Iron Man in the Marvel Cinematic Universe, stated that he would "sue all future executives" who attempt to create a digital replica of him without his involvement. This comes as the film industry grapples with the implications of artificial intelligence on storytelling and character portrayal.
Source: https://decrypt.co/288789/robert-downey-jr-ai-digital-replica
Recent on-chain data suggests a significant increase in Ethereum exits from exchanges, sparking curiosity about what lies ahead for cryptocurrency trading. According to reports, this phenomenon may be indicative of a shifting market trend or a temporary fluctuation. As the trading year continues, it will be essential to monitor these developments and assess their impact on the broader crypto landscape.
Bitcoin is experiencing volatility due to a combination of factors, including geopolitical tensions, macroeconomic conditions, and the upcoming U.S. presidential election. The market is preparing for potential price swings as election uncertainty increases speculation. Despite recent corrections, Bitcoin has demonstrated resilience, rebounding by 30% in October after dipping to $52,756 in September. Historically, the fourth quarter has been bullish during halving years, with an average quarterly return of 31.34%. Additionally, institutional interest in digital assets is growing, with Emory University investing in the Grayscale Bitcoin Mini Trust and Coinbase shares.
Source: https://Blockchain.News/news/bitcoin-btc-faces-volatility-amid-us-election-economic-factors
The Hong Kong Monetary Authority (HKMA) has issued a public alert regarding phishing messages linked to Livi Bank. These messages are designed to deceive recipients into revealing sensitive personal information. The HKMA advises the public to remain cautious and verify any suspicious communications. If individuals have already shared personal data or conducted transactions via these phishing messages, they should contact Livi Bank using official contact details and report incidents to the Hong Kong Police Force's Crime Wing Information Centre.
Source: https://Blockchain.News/news/hkma-alerts-public-on-phishing-messages-linked-to-livi-bank
Recent research by CoinGecko has analyzed the impact of Consumer Price Index (CPI) announcements on Bitcoin prices. The study found that the correlation between CPI changes and Bitcoin's price is not straightforward, with fluctuations in both directions. This complexity is attributed to central banking policies, which have had a more pronounced effect on Bitcoin prices than CPI figures alone.
The Federal Reserve's interest rate hikes have influenced borrowing costs and speculative investments like Bitcoin. Additionally, Bitcoin's perception as a hedge against currency devaluation and its capped supply have contributed to its market dynamics.
Source: https://Blockchain.News/news/impact-cpi-announcements-bitcoin-btc-prices-analyzed
"Binance, a leading cryptocurrency exchange, has announced that it will cease support for BEP2 token deposits and withdrawals. This decision aligns with the BNB Chain team's plan to sunset the BNB Beacon Chain by November 19, 2024. Users are advised to act before the deadlines to avoid potential disruptions in their trading activities."
Source: https://Blockchain.News/news/binance-end-support-bep2-deposits-withdrawals
BitMEX has launched a new perpetual swap listing for GRASSUSDT, offering traders up to 50x leverage. This addition enhances trading possibilities on the platform and is expected to attract traders looking to maximize their potential through leverage. The new listing is part of BitMEX's efforts to diversify its product offerings.
Source: https://Blockchain.News/news/bitmex-launches-grassusdt-perpetual-swap-50x-leverage
Binance Expands Futures Copy Trading with New Perpetual Contracts
Cryptocurrency exchange Binance has introduced new USDⓈ-M perpetual contracts to its Futures Copy Trading platform. This feature allows users to mirror the trades of experienced traders in real-time, providing a strategic advantage to novice traders looking to learn from seasoned professionals.
Source: https://Blockchain.News/news/binance-expands-futures-copy-trading-new-perpetual-contracts
GalaChain, a decentralized blockchain platform, is poised to revolutionize developer engagement in 2025. The platform offers enhanced tools and support for building Web3 applications, with a focus on the entertainment industry. GalaChain's eco-friendly approach, low gas fees, and fast transactions make it an attractive option for developers looking to build robust decentralized applications (dApps). The platform's SDK and documentation will be simplified, allowing developers to efficiently build smart contracts and manage nodes. Additionally, GalaSwap is evolving into GalaConnect, a comprehensive wallet management solution.
Source: https://Blockchain.News/news/galachain-revolutionize-developer-engagement-2025
The BNB Chain has introduced a new data archive layer called BNB Chronicle, designed to address the issue of unbounded state growth on its blockchain. The solution provides long-term data availability while maintaining trustlessness and decentralization. With the total storage size of a full node reaching 2.45TiB, BNB Chronicle reduces storage needs by excluding historical data, aligning with proposals like EIP4444 and BEP283. The archive layer consists of three components: Block/Blob Indexer, API Server, and Light Peers, ensuring data integrity through post-verification.
Source: https://Blockchain.News/news/bnb-chronicle-enhancing-data-storage-bnb-chain
"DeFi Revolutionizes Financial Systems with Blockchain Technology
Decentralized Finance (DeFi) is transforming financial transactions using blockchain, offering peer-to-peer exchanges and smart contracts in the Web3 landscape. This innovative approach bypasses centralized control systems, enabling financial services like borrowing, lending, and trading.
DeFi democratizes access to financial services, giving users control over their assets regardless of geographical or social constraints. It enhances transparency and user autonomy, aligning with Web3's core principles of decentralization and user sovereignty.
While DeFi presents risks, technological advancements and improved security practices are expected to mitigate current challenges. The future may see increased integration between DeFi and traditional finance, potentially resulting in hybrid models that leverage the strengths of both systems."
Source: https://Blockchain.News/news/understanding-defi-decentralized-finance-revolution
EOS Unveils Ambitious Roadmap for 2024-2025, Focusing on Interoperability and Scalability
The EOS blockchain has released its roadmap for the next two years, highlighting significant upgrades across its ecosystem. The plan focuses on enhancing scalability, security, and developer efficiency through updates to the EOS EVM, Middleware, and Antelope protocol. Notable features include the introduction of Savanna Consensus, RAM optimizations, and multi-party computation (MPC) wallets.
Source: https://Blockchain.News/news/eos-2024-2025-roadmap-interoperability-scalability
Breaking news! Elon Musk's xAI is partnering with NVIDIA to expand Grok, a revolutionary AI supercomputer. This collaboration aims to push the boundaries of artificial intelligence and machine learning. The move highlights the growing importance of AI in various industries.
Source: https://decrypt.co/288755/musks-xai-taps-nvidia-to-expand-grok-using-worlds-largest-ai-supercomputer
Polygon (MATIC) has introduced AggLayer, a solution aiming to unify blockchain ecosystems by aggregating sovereign chains. This innovation aims to address the current fragmentation of Layer 1 and Layer 2 chains, which is seen as a significant barrier to mass adoption. AggLayer employs zero-knowledge proofs to create a secure cross-chain ecosystem, enabling seamless communication, asset transfers, and data sharing across various networks.
Source: https://Blockchain.News/news/polygon-introduces-agglayer-unify-blockchain-ecosystem
Breakthrough in AI Research: Model Merging Techniques Enhance Efficiency and Performance
Large language models (LLMs) are revolutionizing artificial intelligence, but their customization process can be costly and inefficient. To address this challenge, researchers have developed model merging techniques that combine the weights of multiple customized LLMs, boosting resource utilization and performance.
Source: https://Blockchain.News/news/exploring-model-merging-techniques-llms
ElevenLabs has reached a significant milestone, surpassing $1 million in payouts to voice actors since February 2024. The platform's Voice Library initiative aims to encourage the expansion of its voice collection by offering financial compensation to contributors. This achievement highlights ElevenLabs' commitment to nurturing talent and creativity within the industry.
Source: https://Blockchain.News/news/elevenlabs-1-million-voice-library-payouts
Offchain Labs has introduced Timeboost, a protocol designed for Arbitrum chains that aims to balance speed and Maximum Extractable Value (MEV) protection. This new protocol employs an auction-based mechanism for prioritizing transaction sequencing, allowing users to bid for faster processing times. The goal is to optimize the transaction lifecycle while maintaining rapid speeds.
Source: https://Blockchain.News/news/timeboost-offchain-labs-innovative-transaction-ordering-arbitrum
NVIDIA has announced the development of RAG-based question-and-answer LLM workflows, aimed at enhancing AI capabilities and user experiences. The initiative leverages Perplexity's search API to facilitate web search and summarization tasks while minimizing latency and token usage. NVIDIA's approach utilizes NIM microservices and A100-equipped nodes for efficient model deployment.
Source: https://Blockchain.News/news/nvidia-develops-rag-based-llm-workflows-enhanced-ai-solutions