OriginTrail, an ecosystem focused on creating a safe internet in the age of AI through its decentralized knowledge graph, was named the best project at the MIT Decentralized AI Summit. The summit brought together top innovators, researchers, and industry leaders to explore the future of decentralized AI technologies. OriginTrail's founder, Branimir Rakic, explained how their decentralized knowledge graph powered by Polkadot addresses important challenges in the age of AI, such as misinformation and unreliable AI. The recognition highlights OriginTrail's expected impact on driving mainstream adoption for both AI and Web3 technologies across diverse industries.

OpenAI is disbanding its "AGI Readiness" team and its members will be reassigned to other teams within OpenAI. The team was previously responsible for evaluating OpenAI's ability to handle increasingly powerful AI technologies and assessing the world's readiness for such technologies. Miles Brundage, the chief advisor of the AGI Readiness team, announced his resignation in a Substack post, citing the high opportunity cost and his belief that his external research could have a greater impact. He also hoped to reduce bias and believed that he had already achieved his goals at OpenAI.

According to Farside Investors monitoring data, the following is the fund data for US spot Bitcoin ETF and spot Ethereum ETF as of yesterday (October 24th):

The US crypto ETF market has experienced significant growth in 2024, driven by Bitcoin and Ethereum ETFs, with market capitalizations exceeding $78 billion and $7.81 billion, respectively. However, retail investors outside the US face obstacles in accessing crypto ETFs, limiting global adoption. The US now holds 83.3% of the global market for crypto ETFs, surpassing Canada's previous 46.3% market share. While European retail investors cannot access US spot bitcoin and Ethereum ETFs due to regulations, some countries like Germany and France offer access to crypto through ETNs. Despite limitations, the direct exposure to bitcoin and Ethereum through crypto ETFs is still in its early stages, and it remains to be seen whether other countries will gain crypto ETF market share relative to the US.

 Pennsylvania House of Representatives has passed a bipartisan bill to provide regulatory clarity for digital assets. This move comes amid increasing uncertainty at the federal level regarding cryptocurrency regulation. It continues a trend of legislative bodies and governors across the country attempting to establish some rules for the US crypto industry. The bill passed with a majority of 176 votes to 26, including support from 76 Democrats and all 100 Republicans.

The number of initial jobless claims in the United States last week was 241,000, estimated at 260,000, and the previous value was 258,000.

Hyve, a DA project on the chain, has completed a seed round of financing of $1.85 million, led by Lemniscap with participation from Paper Ventures and Frachtis.

Coinbase International announced on the X platform that Coinbase International and Coinbase Advanced will add support for ApeCoin perpetual futures contracts, and the APE-PERP market is expected to open on or after 17:30 on October 31, 2024 Beijing time.

23 scholars who have won the Nobel Prize in Economics jointly supported the Democratic presidential candidate Harris in a letter published on October 23 in the United States, and criticized her Republican opponent Trump's economic plan, especially his proposal to increase tariffs. However, it should be pointed out that since October, Trump's approval rating has been on the rise.

Jupiter has officially launched the Ape Pro application for trading Memecoin on Solana.

1. Cryptocurrency market STOKR raised $7.98 million in financing;

The US dollar index DXY rose more than 20 points in the short term after the release of US economic data, now reporting at 103.66.

According to Cryptoquant data, gold finance reported that currently Bitcoin whales hold about 670,000 Bitcoins, the highest value ever. Undoubtedly, this is an optimistic long-term signal. As shown in the chart, when the whale holding volume is at a high level, Bitcoin tends to show a sideways or mild downward trend. This accumulation stage can be described as calm before the storm in the medium to long term. The real growth trend of Bitcoin began when the whale gradually reduced its holding volume until the percentage change value of the holding volume became negative. Finally, if the historical high point of Bitcoin is not updated between the US presidential election and November 28th (+/- 21 days), it will indicate that there are serious problems in the current bull market cycle, and things will become very bad.

DigiFT has partnered with Chainlink to promote the tokenization of institutional-grade real-world assets (RWA). DigiFT uses the CCIP protocol to support the currency market fund tokens on its platform and uses Proof of Reserve to verify reserves and ensure safe minting.

According to on-chain analyst Yu Jin, decentralized stablecoin platform Reserve purchased 6.45 million CRV worth $2.03 million through market maker GSR Markets in the past 6 days. Reserve transferred $2.03 million USDC to GSR Markets' 0x0cD...a13 address and received 6,450,704 CRV at a buying cost of $0.314 per token. In addition, Reserve was also one of the buyers when Curve founder sold coins OTC in August last year. Reserve spent $1 million to buy 2.5 million CRV at a price of $0.4 per token from the Curve founder. Currently, Reserve holds a total of 19.41 million CRV ($6.38 million).

According to on-chain analyst Yu Jin's monitoring, decentralized stablecoin platform Reserve has purchased 6.45 million CRV (worth $2.03 million) through market maker GSR Markets in the past six days. In addition, Reserve was also one of the buyers of Curve founder's OTC sale last August: it spent $1 million to buy 2.5 million CRVs from the founder at a price of $0.4 per CRV. Currently, Reserve holds a total of 19.41 million CRVs ($6.38 million).

In an interview with Global Finance, former St. Louis Fed Chairman Brad stated: "The FOMC's last meeting and Powell's press conference were very clear that unless something dramatic happens, Fed officials are ready to act at the September meeting. I think they have expressed their intentions as central banks as clearly as possible. I think they will start cutting interest rates by 25 basis points in September. The question then is how quickly they want to reach a new monetary policy stance. Even if they slightly lower the policy rate, the rate will remain at a restrictive level. They need to continue to lower rates from that point. I think it may be a 25 basis point rate cut at each meeting, for several consecutive meetings, until the policy rate is lowered to a lower level, at which point they can decide whether inflation continues to move towards the 2% target and whether to continue normalizing policy rates. It is expected that there will be a 75 basis point interest rate cut from now until December."

Lookonchain monitoring shows that after Binance announced the launch of POPCAT perpetual contracts, a whale withdrew 39,816 SOL ($5.73 million) from Binance to purchase 10 million POPCAT tokens.

MakerDAO announced on X platform that the Endgame plan has introduced upgraded versions of DAI and MKR called NewStable and NewGovToken. However, DAI and MKR will still be available. Unless the governance department decides otherwise, these two tokens are expected to remain unchanged in the foreseeable future. Users can continue to hold and use these two tokens as before. DAI will remain available indefinitely. Users can upgrade to NewStable and choose to switch back to DAI at any time. 1 DAI = 1 NewStable (NST). The ecosystem will ultimately explore ways to differentiate between DAI and NewStable, with DAI focusing on native crypto use cases and NewStable targeting mass adoption. MKR can still be used to vote on governance proposals.