Cryptocurrency Weekly Update: Developments, Issues, and Predictions #BTC00929

1. High uncertainty in the U.S. election, Harris’s winning probability rises, and there is an interest rate meeting on Friday, leading the cryptocurrency market to adopt a cautious approach. This period's at-the-money implied volatility (IV) rose to 80%, with this month's options IV higher than long-term options, suggesting a possible big market movement soon.

2. Coinbase's Chief Legal Officer stated that the FDIC's use of 'cease and desist letters' instructing banks to limit services to crypto companies is an attack on the crypto industry, creating unfair obstacles.

3. The total market cap of stablecoins increased by 0.38% last week, reaching $173.117 billion. The total market cap of USDT increased by 0.3% to $120.441 billion, with a market share of 69.62%.

4. Binance has a strict screening process; the token distribution and airdrop rules for listed projects are transparent, but not all projects wishing to airdrop can be listed. Investors need to think independently and not be influenced by FUD.

5. The Vice President of Sotheby’s stated that the meme token BAN is a personal interest project and is unrelated to Sotheby’s; it has not been promoted or encouraged for purchase. The rumor of making $1 million in profit is untrue, and the related wallets are not owned by him, with most profits unrealized.

6. On November 1, Russia's cryptocurrency mining regulations will come into effect, legalizing mining and stipulating safety, operation, and trading requirements for miners. Legal miners must register and report to the Federal Tax Service.

7. Web3 security incidents in October resulted in losses of approximately $147 million, with 28 attacks causing about $129 million in losses (some of which have been recovered), along with phishing attacks resulting in $18.04 million in losses.

8. Strive Enterprises established a wealth management business, integrating Bitcoin into portfolios to hedge risks. Previously raised $30 million in Series B funding, with lead investors related to Bitcoin; if Trump is elected, its CEO has served as co-chair of the transition team.

9. The spot Bitcoin ETF attracted $1.3 billion in new investor funds in the first two days of October, with a net inflow of $4.4 billion in October. Meme stocks and AI-related tokens outperformed the overall cryptocurrency market in the ‘animal spirits’ indicator.

10. The Deputy Governor of the Central Bank mentioned in the preface of 'Monetary Theory' that if currency issuance is unrestricted, it may be replaced by digital assets and stablecoins. He also discussed thoughts on digital currencies, respecting Robert Mundell and Satoshi Nakamoto.

11. Naval stated that most crypto projects fail because founding teams become wealthy too early and cannot recruit new members; Multicoin's founder agrees, stating that the best founders are not financially driven. #美国大选后涨或跌？