BTC $68,456.14 -6.94%
ETH $1,916.01 -6.34%
BNB $630.38 -6.42%
XRP $1.01 -2.79%
SOL $78.68 -5.10%
TRX $0.3108 -2.02%
DOGE $0.0637 -4.99%
ADA $0.1681 -2.63%
BCH $215.75 -5.58%
LINK $9.69 -3.52%
HYPE $70.98 -0.68%
AAVE $109.78 -7.12%
SUI $0.7733 -5.23%
XLM $0.1423 -2.93%
ZEC $904.86 -7.95%
AAPL $356.23 +0.18%
AMZN $267.88 +0.48%
GOOGL $300.54 +2.08%
MSFT $518.74 -0.48%
META $624.00 -0.58%
NVDA $163.56 +2.07%
TSLA $397.11 +2.84%
SNDK $921.64 -1.71%
INTC $60.77 +1.01%
SPCX $140.46 +1.09%
MU $789.93 +1.34%
AMD $576.62 +2.82%
BTC $68,456.14 -6.94%
ETH $1,916.01 -6.34%
BNB $630.38 -6.42%
XRP $1.01 -2.79%
SOL $78.68 -5.10%
TRX $0.3108 -2.02%
DOGE $0.0637 -4.99%
ADA $0.1681 -2.63%
BCH $215.75 -5.58%
LINK $9.69 -3.52%
HYPE $70.98 -0.68%
AAVE $109.78 -7.12%
SUI $0.7733 -5.23%
XLM $0.1423 -2.93%
ZEC $904.86 -7.95%
AAPL $356.23 +0.18%
AMZN $267.88 +0.48%
GOOGL $300.54 +2.08%
MSFT $518.74 -0.48%
META $624.00 -0.58%
NVDA $163.56 +2.07%
TSLA $397.11 +2.84%
SNDK $921.64 -1.71%
INTC $60.77 +1.01%
SPCX $140.46 +1.09%
MU $789.93 +1.34%
AMD $576.62 +2.82%

elf

All
Article
Flash

first_img The French National Assembly passed an amendment requiring the declaration of self-custodied crypto assets exceeding 100,000 euros

According to Cointelegraph, the French National Assembly passed Amendment I-2701 with 150 votes in favor, 44 against, and 8 abstentions, requiring taxpayers to report self-custodied crypto assets totaling no less than 100,000 euros (approximately 112,000 USD) to the tax authorities, with the reporting threshold calculated based on the holdings as of December 31 of the relevant tax year.In the same session, the National Assembly rejected another amendment with 69 votes against and 14 in favor, which originally aimed to exempt from tax the income from crypto payments for goods and services not exceeding 1,000 euros (approximately 1,120 USD) within the tax year. The aforementioned reporting requirement has been included in the 2027 Finance Bill and must be retained in the final legislation to take effect. The National Assembly is required to complete the first reading of the bill by November 17, and the Senate is scheduled to begin discussions on November 20.The National Assembly also postponed the vote on the revenue portion of the budget for the second time, which was originally scheduled for October 20. Faustine Fleuret, the global public affairs head of the lending protocol Morpho, stated that the revenue portion "is likely to be rejected," which could lead to the entire bill being rejected in the National Assembly, including the provisions incorporated through the passed amendments.Previously, the assembly rejected two proposals to impose an exit tax on unrealized crypto gains for taxpayers moving abroad and passed an amendment on October 16 to tax the income from converting crypto assets into stablecoins classified as electronic money tokens under EU rules.

Huawei, Alibaba, and 20 other organizations released a self-discipline convention for the development of intelligent entities

According to Gelonghui, citing the China Academy of Information and Communications Technology, on November 4, a joint release of the "Self-Regulatory Convention for the Development of Intelligent Agents" was made by 20 entities including the China Academy of Information and Communications Technology, Huawei, Alibaba, Tencent, and Xiaomi.The convention mentions the construction of interconnected infrastructure for intelligent agents, co-building interoperable infrastructure, developing technologies and standards for intelligent agent registration and resolution, capability description and discovery, intent understanding and transformation, network routing and connection, resource scheduling and measurement, protocol compatibility and mutual recognition, continuously reducing the cost of cross-domain discovery and connection for intelligent agents, and supporting the interconnected collaboration of intelligent agents.The convention also mentions accelerating the empowerment of intelligent agents across various industries, adhering to serving the real economy, developing low-threshold tools for intelligent agent development and deployment, collaborating on research and development of intelligent agents aimed at real operational scenarios that create actual value, promoting the embedding of intelligent agents into existing production systems and business processes, creating benchmark applications, continuously reducing the cost of implementing intelligent agents, and assisting industries in improving quality and efficiency.

OpenAI's self-developed Git backend Pando has launched and has taken over the main code repository

After Cursor and Anthropic, OpenAI announced its self-developed Git backend Pando, which has now taken over the company's entire main code repository. Over the past year, Codex has enabled engineers to deploy a large number of Agents to write code simultaneously, resulting in an increase in code branches, pushes, merges, and pull requests. OpenAI's original system experienced frequent stalls and merge failures, with reliability even dropping below 90%.One engineer is responsible for the core architecture design, and multiple Codex Agent teams participated in the implementation, with Pando going into production in 10 weeks. This backend allows code pushes from different branches to be processed in parallel without queuing each other. When pulling code, data packets are no longer generated separately for each client but instead reuse existing Git data packets, distributing them directly through caching. After the transformation, the median latency of code pushes was reduced by nearly 80%, distributing nearly 1 PB of data daily, with a cache hit rate exceeding 99%, but different branches no longer guarantee to present the same state at the same moment.Cursor's Origin is still based on Git, primarily aimed at replacing GitHub as a code hosting service. Anthropic's Scion, on the other hand, has abandoned Git, placing commits, merges, and historical queries on the server side. OpenAI retains the Git client and protocol, only reconstructing the backend, so engineers and Agents do not need to change their original development processes significantly.

first_img The Central Bank of Russia approved NAUFOR to act as a self-regulatory organization for the cryptocurrency industry

According to Bitcoin Magazine, on October 29, the Central Bank of Russia approved the National Association of Participants in the Securities Market (NAUFOR) to become the country's first self-regulatory organization for cryptocurrency exchanges and digital custodians. This move implements the "Digital Currency and Digital Rights Law," which was passed by the State Duma in July, into an operational system. The law requires exchange operators and digital custodians to enter the central bank's registry and must join a self-regulatory organization.The central bank's registry currently includes 23 cryptocurrency exchanges and 8 digital custodians, including VTB, Sberbank, and T-Bank's parent company T-Technologies. Companies listed in the registry must complete their membership within 90 days. The self-regulatory organization is responsible for setting industry standards, supervising members, and communicating with regulators on behalf of the industry.NAUFOR stated that it will participate in the formulation of standards for the digital asset market and promote adjustments to the rules by the central bank. The association earlier this month obtained similar qualifications in the field of information system operators and currently has 725 members.The law prohibits the use of Bitcoin for everyday payments, and domestic cryptocurrency payments remain banned. It also issues licenses to exchanges and custodians, limits retail investors' purchase amounts, and establishes state-regulated cross-border trading channels. Non-qualified retail investors can purchase up to 300,000 rubles, approximately $3,800, per year through a single intermediary. Additionally, the Moscow Exchange has tested cryptocurrency trading with professional market participants and plans to launch in December; Sberbank has also been approved to custody Bitcoin and other cryptocurrency assets.

first_img Blink Wallet charges a monthly fee of 1 USD for idle custodial accounts, encouraging users to switch to self-custody

Blink Wallet, a Bitcoin wallet, announced a monthly idle fee of $1 for custodial accounts that have not logged into the app for 12 consecutive months. This adjustment was initiated at the beginning of September through a change in the terms of service and push notifications were sent to inactive users, with the first deduction completed in mid-October. According to a blog post released by the company, users who log back in within 12 months will have the deducted fees refunded.This fee applies only to custodial accounts and aims to alleviate the burden that inactive accounts place on the startup. The announcement stated that these accounts incur ongoing costs related to ledger and infrastructure maintenance, record verification retention, compliance monitoring and reporting, as well as support for claims, which were previously shared by active users through regular in-app transaction fees. Sources told Bitcoin Magazine that approximately 100,000 accounts met the criteria for inactivity at the time of the first deduction, with a total balance exceeding $800,000. The first deduction collected about $45,000, primarily from accounts that had been idle for over a year with small Bitcoin balances. Blink Wallet originated from the Bitcoin adoption wave in El Salvador, initially named Bitcoin Beach Wallet, and was an early custodial Lightning Network wallet that introduced the Stable Sats feature to hedge value against the US dollar. The wallet was spun off from the founding company Galoy in October 2024, operated by Lukas Duczko and a new board, with Duczko holding a controlling stake, while Galoy continues as a service provider and minority shareholder, also establishing the Bitcoin Beach Fund.In recent years, custodial wallets have faced overall pressure, with Wallet of Satoshi, Alby, and Blue Wallet successively halting custodial wallet services and shifting to self-custody infrastructures like Spark. The EU MiCA regulations regarding licensing and KYC compliance requirements are an important backdrop. Blink launched a self-custody wallet supported by Spark in June 2026, and its user base is still adapting to this transition. On September 19, hackers withdrew 6.61 Bitcoins from custodial wallet users through compromised management tools, and the company's investors subsequently announced that they would fully compensate affected users.

Sun Yuchen revealed his life strategy: integrating Buffett, Musk, and Trump, and self-proclaimed as the "Fourth Giant" of Penn

Recently, Sun Yuchen discussed his personal communication and life strategy role models in a conversation with Jin Ming, stating that he does not simply imitate one person, but is a "hybrid mix" of Elon Musk, Donald Trump, and Warren Buffett.Sun Yuchen mentioned an interesting coincidence that all three are alumni of his alma mater, the University of Pennsylvania. As he integrates the strategies of these three individuals, the outside world has begun to jokingly refer to the emergence of a "fourth giant," namely Sun Yuchen himself. In terms of specific strategy breakdown, he stated that his investment and risk control fully absorb the value investment philosophy that Buffett and Munger emphasize on fundamentals, bringing an old-school playbook into the crypto space, which instead creates a dimensional advantage.In terms of business growth and communication, Sun Yuchen pointed out that Musk compensates for Buffett's shortcomings in technology narratives and expectation-driven approaches, forming a dual drive of fundamentals and high-tech high growth. Regarding personal branding and communication, he mainly draws inspiration from Trump, even admitting that he initially learned spoken English by following Trump's show "The Apprentice."Sun Yuchen also shared an interesting anecdote, stating that there is actually a "mutual disdain law" among these three. For example, when he once suggested to Buffett during dinner that he acquire Tesla during its low point, Buffett declined, as he believed that if a company is too disruptive and full of "surprises," it does not align with his investment style.

first_img The messaging protocol XMTP will transition to a self-hosted open-source stack, and the Labs network will shut down in early 2027

The messaging protocol XMTP founder Shane Mac stated that XMTP will evolve into a self-operating open-source messaging stack, providing private conversations between people and agents, with infrastructure controlled by users, without requiring tokens or wallets. The network hosted by XMTP Labs will shut down in early 2027.Shane Mac mentioned that he founded XMTP five years ago because he believed that private messaging should not be owned by a single company. He recalled that the team envisioned using wallets as cross-application identities, allowing messages to follow identities, and using tokens to pay infrastructure operators, but this path was not realized. XMTP has never issued tokens and will not issue them now. He admitted that it was a wrong decision to persist with a single shared network for a long time, as developers have consistently requested the ability to self-host XMTP. Therefore, it has shifted to self-hosting, allowing developers to use, inspect, modify, and maintain the entire software suite without relying on Labs. Former employees will assist in maintaining the protocol, and Shane Mac himself will continue to be involved.The article introduces that self-hosted XMTP offers quantum-resistant end-to-end encryption, private one-on-one and group chats, encrypted identities, and message authenticity, as well as SDKs for mobile, web, server, and agents. Chief Technology Officer Nick Molnar has simplified the backend to a single Rust binary and integrated attachments, push notifications, handles, and signed webhooks for new messages. Each self-hosted network does not automatically interconnect by default, and agents from different tools must connect to the same backend to share conversations.

first_img Pump.fun Co-founder Alon: Self-developed cross-chain bridge has been launched, purchase error rate has decreased by 92%

The co-founder and Chief Operating Officer Alon of the meme coin issuance platform Pump.fun stated that the team had previously focused on launch pads for a long time and only began supporting cross-chain exchanges about 5 months ago. After investigating the cross-chain service provider Relay used at that time, he noted that over one-ninth of cross-chain purchases on Relay encountered errors, with typical purchase landing times close to 4 seconds, and one-tenth exceeding 7 seconds. The number of tokens users received was usually less than expected. He also mentioned that the social trading application FOMO still relies on Relay.Alon stated that the self-developed cross-chain bridge Pump Bridge has been opened to all Pump.fun application users. Compared to Relay, the purchase landing speed has improved by 2 times, and the error rate has decreased by 92%, dropping from over one-ninth to less than one percent. Users can obtain more tokens on average with the same amount of funds, and currently, no additional cross-chain fees are charged. He mentioned that due to the limitations of light speed and target chain confirmation time, the theoretical fastest landing time for purchases is about 1.1 seconds, and the team is still working to reduce the remaining gap.The above comparison comes from random tests conducted in the Pump.fun mobile application from September 28 to October 7, covering Robinhood, BSC, Base, Arc, and Ink, excluding Ethereum, with a total of 416,669 transaction results recorded. Among them, 383,326 transactions recorded the time taken from click to successful prompt, and an additional 35,333 transactions of completed USDC purchases under $500 were used for comparison. Alon also stated that the platform fee rate is 0.45%, with Callout rewards of at least $300,000 daily, totaling about $20 million over two months, and the platform does not retain platform fees.
app_icon
ChainCatcher Building the Web3 world with innovations.