This Week's News Top 10<ol><li>SEC Chairman Gary Gensler Congratulates BTC White Paper on Its 16th Anniversary: The SEC will continue its "enforcement-led" policy to protect investors, with crypto assets listed as a priority for 2025.</li><li>Ripple Co-founder Donates 10 Million USD in XRP to Support Harris: Chris Larsen donates XRP again to support Kamala Harris's presidential campaign.</li><li>Vitalik Criticizes Michael Saylor's Regulatory Comments: He claims Saylor's argument that regulation captures and protects cryptocurrency is nonsense.</li><li>BlackRock ETF Executive: 75% of Bitcoin Buyers are New Crypto Enthusiasts: Investors primarily acquire Bitcoin through ETFs.</li><li>Tether's Profit Last Year Surpasses BlackRock: Stablecoins have become an important application of crypto technology, with a global trading volume of 5.10 trillion USD.</li><li>Stripe Acquires Stablecoin Platform Bridge for 1.10 Billion USD: This marks an expansion of Stripe's cryptocurrency adoption efforts.</li><li>Binance CEO: Tigran Gambaryan Released in Nigeria: Binance reiterates its cooperation with global regulators.</li><li>Kraken Plans to Launch Exclusive Blockchain Ink: Supporting DeFi transactions, lending, and staking services.</li><li>Argentina Drafts New Regulations for Crypto Assets: Strengthening protections for crypto users and proposing new compliance requirements.</li><li>U.S. Government Address Allegedly Under Attack: Over 20 million USD in assets transferred, with attackers starting to launder money.</li></ol>Key Financing Events<ul><li>AI payment company Skyfire receives investment from Coinbase Ventures and a16z.</li><li>Binance Labs invests in Moonwalk Fitness.</li><li>ZEROBASE completes 5 million USD financing.</li><li>Bitcoin re-staking platform Echo completes Pre-Seed round financing.</li><li>B² Network completes a new round of financing.</li><li>Malaysia's Hata completes 4.20 million USD seed round financing.</li><li>Karpatkey completes 7 million USD financing.</li><li>DeFi platform Azura completes 6.90 million USD seed round financing.</li><li>Borderless.xyz completes 3 million USD seed round financing.</li><li>Fluid Protocol completes 3.90 million USD seed round financing.</li><li>Variational completes 10.30 million USD seed round financing.</li><li>Party Icons completes 9 million USD seed round financing.</li><li>Shuttle Labs completes 6 million USD seed round financing.</li><li>STOKR completes 7.98 million USD financing.</li><li>Opti Games completes 2 million USD financing.</li><li>Sui Foundation makes a strategic investment in Arttoo.</li></ul>

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<div>This content is for informational purposes only and does not promote or endorse any business or investment activities. Readers are advised to strictly comply with the laws and regulations of their respective regions and not to engage in any illegal financial activities.Top 10 News This Week1. US SEC Chairman Gary Gensler Celebrates 16th Anniversary of BTC White Paper <a href="https://cointelegraph.com/news/sec-chair-bitcoin-white-paper-anniversary" target="_blank">link</a>US SEC Chairman Gary Gensler recently congratulated the 16th anniversary of the BTC white paper in an interview with Bloomberg, but he also stated that the SEC would continue its policy of "regulation by enforcement" to protect investors. The SEC's review department has listed crypto assets as one of its priorities for 2025. Notably, when asked how he would respond if Trump is re-elected in 2024, Gensler did not comment on the possibility of being removed from his position.2. Ripple Co-Founder Donates Another 10 Million USD in XRP to Support Harris <a href="https://decrypt.co/287549/ripple-founder-10-million-xrp-kamala-harris" target="_blank">link</a>Ripple co-founder Chris Larsen announced on Monday that he has donated an additional 10 million USD worth of XRP to support Vice President Kamala Harris in her presidential campaign. Previously, Larsen donated 1 million USD in XRP through the same organization in August. Larsen stated on Twitter that supporting Harris's campaign is to ensure that the US continues to maintain its leading position in technological innovation, particularly in the field of cryptocurrency.3. Vitalik: Michael Saylor's Advocacy for Regulatory Capture to Protect Cryptocurrency is Nonsense <a href="https://x.com/VitalikButerin/status/1848876323026178429?s=191" target="_blank">link</a>Vitalik stated that Michael Saylor's comments are complete nonsense; he seems to explicitly advocate for protecting cryptocurrency through regulatory capture ("When regulated public entities like BlackRock and Fidelity hold assets, all legislators and enforcement agencies have stakes in these entities"), however, there are many precedents that show this strategy fails, and it is not the purpose of cryptocurrency.4. BlackRock ETF Chief: 75% of Bitcoin Buyers are New Crypto Fans from Wall Street <a href="https://www.cnbc.com/2024/10/18/blackrocks-etf-chief-says-75percent-of-its-bitcoin-buyers-are-crypto-fans-new-to-wall-street.html" target="_blank">link</a>BlackRock ETF head stated that 75% of its Bitcoin buyers are new cryptocurrency fans from Wall Street. Samara Cohen, head of ETF and index investments at BlackRock, mentioned that the demand for Bitcoin among investors is mainly being met through investment tools like ETFs rather than direct purchases on crypto exchanges. Data shows that 80% of Bitcoin ETF buyers are direct investors, with 75% being first-time purchasers of BlackRock's iShares products. One of BlackRock's strategies is to promote the advantages of ETFs to cryptocurrency investors.5. Tether's Profits Surpass BlackRock's Last Year, Stablecoins are Becoming an Important Application of Crypto Technology <a href="https://experts.bitwiseinvestments.com/cio-memos/could-stablecoins-put-an-end-to-money-market-accounts" target="_blank">link</a>According to the latest crypto market report released by crypto asset management firm Bitwise for the third quarter of 2024, stablecoins are becoming an important application of crypto technology, gradually penetrating multiple trillion-dollar markets. Bitwise data indicates that in the first half of 2024, the global trading volume of stablecoins reached 5.10 trillion USD, approaching Visa's 6.50 trillion USD transaction scale. Currently, the total amount of US Treasuries held by the top five stablecoins has exceeded that of some G20 countries such as South Korea and Germany. The business model of stablecoin issuers primarily earns interest by holding income-generating assets such as US Treasuries.This model has significantly enhanced the profitability of issuers like Tether, whose profits last year even exceeded those of asset management giant BlackRock.6. Payment company Stripe acquires stablecoin platform Bridge for $1.1 billion <a href="https://www.theblock.co/post/322144/stripe-acquires-stablecoin-platform-bridge-for-1-1-billion-in-cryptos-largest-acquisition-techcrunch?utm_source=rss&amp;utm_medium=rss" target="_blank">link</a>According to TechCrunch founder Michael Arrington, payment company Stripe has acquired stablecoin platform Bridge for $1.1 billion. The software provided by Bridge helps businesses accept stablecoin payments, marking an expansion of Stripe's cryptocurrency adoption efforts. Bridge previously raised $58 million from investors, including $40 million in Series A funding, with a valuation of $200 million. Therefore, the $1.1 billion price represents a significant increase compared to the company's previous valuation, making Bridge Stripe's largest acquisition to date and the largest acquisition in the history of the crypto industry.7. Binance CEO Richard Teng: Tigran Gambaryan finally released in Nigeria <a href="https://x.com/_RichardTeng/status/1849456286762766627" target="_blank">link</a>Binance CEO Richard Teng posted that Tigran Gambaryan has been safely released after being detained in Nigeria for nearly eight months, during which he demonstrated great resilience and perseverance. He will be reunited with his family and receive much-needed medical care. Binance reiterated its commitment to continue working closely with global regulators to ensure compliance and transparency in the evolving digital asset space. Prior reports indicated that the Nigerian government had dropped charges against Binance executive Tigran Gambaryan.8. Crypto exchange Kraken plans to launch its proprietary blockchain Ink in early 2024 <a href="https://www.bloomberg.com/news/articles/2024-10-24/crypto-exchange-kraken-plans-to-launch-its-own-blockchain-early-next-year?srnd=homepage-europe" target="_blank">link</a>Crypto exchange Kraken plans to launch its proprietary blockchain Ink in early 2024 to support DeFi trading, lending, and staking services. Kraken founder Andrew Koller stated that the technology of Ink will be similar to Coinbase's Base, with a testnet expected to go live within the year and the mainnet opening to retail and institutional users in the first quarter of next year. Kraken plans to provide applications on Ink through Kraken Wallet, with over 12 DeFi applications launching initially, potentially expanding to include real assets and advanced lending applications. Like Coinbase, Uniswap, and Worldcoin, Kraken has also opted for the OP Stack Ethereum L2 solution.9. Argentina drafts new regulations for crypto asset supervision <a href="https://news.bitcoin.com/industry-stakeholders-cautious-as-argentina-drafts-new-crypto-regulations/" target="_blank">link</a>The Argentine Securities Regulator (CNV) recently released a regulatory draft for the operation of virtual asset service providers (VASPs), aimed at enhancing protections for crypto users while imposing new compliance requirements on industry participants. The draft's main points include: requiring crypto companies to disclose agreements with third parties and customers; establishing policies and cybersecurity standards to prevent money laundering and terrorism financing; and setting minimum registered capital requirements for different types of crypto companies, with a minimum capital amount of approximately $173,000 for institutions providing transfer, custody, and virtual asset management services.10. Arkham: US government address allegedly attacked by suspicious addresses, with over $20 million in assets transferred <a href="https://x.com/ArkhamIntel/status/1849537146861859120" target="_blank">link</a>According to Arkham monitoring, an address marked as "U.S. Government: Bitfinex Hacker Seized Funds - The address of the seized funds is suspected to have been attacked by the suspicious address 0x348…0A9f, which has transferred over 20 million dollars in assets. The address 0x348…0A9f has converted assets such as USDT and USDC into ETH and deposited them into multiple addresses marked as "Binance deposit addresses". Arkham believes that the attacker has begun laundering money through suspicious addresses associated with money laundering services. ZachXBT pointed out that these addresses are unrelated to Binance but instead utilize nested Binance liquidity. Currently, this address still holds over 13.19 million AUSDC.Key Financing Events<ul><li>AI payment company Skyfire announced a strategic investment from Coinbase Ventures and a16z <a href="https://www.theblock.co/post/322742/coinbase-ventures-and-a16zs-csx-bring-skyfires-total-funding-raised-to-9-5-million?utm_source=twitter&amp;utm_medium=social" target="_blank">link</a></li><li>Binance Labs announced an investment in the blockchain fitness incentive application Moonwalk Fitness <a href="https://www.binance.com/en/blog/ecosystem/binance-labs-invests-in-moonwalk-fitness-to-gamify-fitness-5853342758592100899?hl=en" target="_blank">link</a></li><li>ZEROBASE announced the completion of a 5 million dollar financing round, with Binance Labs as one of the lead investors <a href="https://x.com/BinanceLabs/status/1847595834697011688?s=19" target="_blank">link</a></li><li>The Bitcoin re-staking platform Echo announced the completion of its Pre-Seed funding round <a href="https://x.com/EchoProtocol_/status/1848197296887914771" target="_blank">link</a></li><li>B² Network completed a new round of financing, led by Animoca Brands <a href="https://x.com/BSquaredNetwork/status/1848370270899515695" target="_blank">link</a></li><li>Malaysian digital asset exchange Hata completed a 4.20 million dollar seed funding round <a href="https://theedgemalaysia.com/node/730957" target="_blank">link</a></li><li>DAO fund management solution provider Karpatkey completed a 7 million dollar financing round <a href="https://www.theblock.co/post/322392/karpatkey-closes-7-million-funding-round-to-expand-dao-treasury-services?utm_source=twitter&amp;utm_medium=social" target="_blank">link</a></li><li>The DeFi platform Azura completed a 6.90 million dollar seed financing round <a href="https://fortune.com/crypto/2024/10/22/exclusive-defi-platform-azura-launches-after-raising-6-9-million-from-initialized/" target="_blank">link</a></li><li>Blockchain payment company Borderless.xyz completed a 3 million dollar seed financing round <a href="https://www.theblock.co/post/322450/amity-ventures-leads-3-million-pre-seed-round-for-borderless-xyz" target="_blank">link</a></li><li>Fluid Protocol announced the completion of a 3.90 million dollar seed financing round, led by Bloccelerate <a href="https://www.theblock.co/post/322479/fluid-protocol-secures-3-9-million-seed-funding-to-launch-usdf-the-native-stablecoin-of-fuel-network" target="_blank">link</a></li><li>The crypto trading platform Variational announced the completion of a 10.30 million dollar seed financing round <a href="https://www.<li>Web3 mobile gaming platform Party Icons announces completion of 9 million USD seed round financing <a href="https://www.theblock.co/post/322736/bitkraft-ventures-leads-9-million-seed-round-in-crypto-mobile-gaming-platform-party-icons?utm_source=twitter&amp;utm_medium=social" target="_blank">link</a></li><li>Shuttle Labs announces completion of 6 million USD seed round financing <a href="https://www.globenewswire.com/news-release/2024/10/23/2967762/0/en/Shuttle-Labs-Raises-6M-to-Build-Genius-the-Crypto-Exchange-FTX-Could-Never-Be-Secure-Self-Custodial-and-Decentralized.html" target="_blank">link</a></li><li>European digital asset market platform STOKR announces completion of 7.98 million USD financing <a href="https://www.theblock.co/post/322783/stokr-raises-7-98-million-to-establish-corporate-bitcoin-treasury?utm_source=telegram1&amp;utm_medium=social" target="_blank">link</a></li><li>Web3 game developer Opti Games announces completion of 2 million USD financing <a href="https://nftplazas.com/opti-games-raises-2m-for-sparkball/?ref=onepagecrypto.com" target="_blank">link</a></li><li>Sui Foundation announces strategic investment in modern art RWA project Arttoo <a href="https://chainwire.org/2024/10/23/sui-foundations-latest-strategic-investment-arttoo-a-fine-art-rwa-project-on-sui/" target="_blank">link</a></li></ul>For more industry financing events, please refer to <a href="http://crypto-fundraising.info/" target="_blank">crypto-fundraising.info</a>.

Wu Says Zhou Selection: US Government Address Suspected to be Attacked, Stripe's $1.10 Billion Huge Acquisition, Kraken to Launch L2 and News Top 10