maker

According to The Information, the interim CEO of Nvidia is not the leader of the company's major decisions and is not responsible for setting the agenda for significant company decisions.Additionally, according to data from the Gate platform, Nvidia's intraday decline has narrowed to within 4%.

Dunamu's Vice Chairman Kim Hyung-nyun stated at the Seoul Digital Asset Policy Conference that the stock tokens of South Korea's representative companies, Samsung Electronics and SK Hynix, can only be traded overseas. This situation is distressing. He also officially announced that Dunamu has completed the technical preparations for stock tokenization, and relevant services can be launched at any time once the regulatory system allows.In addition, the conference also discussed the legislative process of the "Basic Law on Digital Assets." South Korea's Democratic Party member Min Byung-deok advocated that the bill should be passed in the current regular National Assembly, no later than January 18 of next year. South Korea's People Power Party member Park Soo-min stated that legislation should not be rushed and called for a comprehensive allowance for institutions and legal entities to invest in crypto assets.

According to the Beijing Daily, on November 11, Foreign Ministry spokesperson Guo Jia Kun hosted a regular press conference. A Reuters reporter asked about the recent allegations involving Nvidia CEO Jensen Huang, noting that U.S. lawmakers on Tuesday again called for tightening restrictions on China's access to advanced artificial intelligence chips. Guo Jia Kun responded, "China's position on the issue of U.S. chip exports to China has been consistent."Previously, on November 8, Jensen Huang sent a letter to employees acknowledging personal matters, which were later implicated in a spy scandal. Both parties in the U.S. Congress used this opportunity to push for export restrictions on AI chips to China, with reports indicating that Republicans and Democrats are urgently promoting three related bills.

AI-driven Web3 trading and research platform Vision Makers has completed a $4 million seed round financing, with investors including MH Ventures, Castrum Capital, Titans Ventures, M2M Capital, Archer Capital, Gemhead Capital, MYR Venture (formerly Mayer Venture), ACN Labs (Aitech Labs), Zerone Venture, Velion Venture, Mira Capital, and BlockRise.Vision Makers is an AI-driven Web3 platform that integrates conversational crypto research, token analysis, and decentralized trading, allowing users to ask questions in natural language and receive answers based on on-chain data, social sentiment, and news. The platform is also preparing for exchanges, alerts, and agent services for signatures. Its VMKS token, based on the BNB Chain, is used for access, staking, and payments within the platform.

Texas State Representative Ron Reynolds submitted HB 815, a bill that allows each city and county in the state to invest up to 10 million dollars of public funds in Bitcoin or other cryptocurrencies. The bill was submitted on the first day of the pre-filing period for the 90th Texas Legislature and will amend the Public Funds Investment Act by adding Section 2256.0165 "Authorized Investment: Cryptocurrency." If it becomes law, this authorization will take effect on September 1, 2027.The 10 million dollars is a cap for each city or county, not a statewide pooled fund, and school districts and other local governments subject to the investment law are not included. The bill adopts the definition of Bitcoin and cryptocurrency from last year's SB 21, which established the Texas Strategic Bitcoin Reserve, so cities or counties are not limited to Bitcoin. The bill does not introduce a requirement for the purchased tokens to have an average market value of at least 50 billion dollars over the past 24 months, nor does it include provisions for cold storage and qualified custodians, and it does not specify regulations for custody, digital asset audits, or loss handling.This bill is a narrowed version of last year's proposal. Reynolds previously submitted HB 4258 with Mihaela Plesa on March 10, 2025, allowing the state auditor to invest up to 250 million dollars from the Economic Stabilization Fund in Bitcoin or cryptocurrencies, and set the same 10 million dollar cap for cities and counties, but it did not become law. Texas's own reserve was established separately through SB 21, signed by Governor Greg Abbott in June 2025. The Texas State Auditor's Office purchased 5 million dollars of BlackRock iShares Bitcoin Trust on November 20, 2025, as a transition, and the second purchase brought the reserve's IBIT exposure to about 10 million dollars. The regular session of the 90th Legislature will convene on January 12, 2027, and the bill has not yet been submitted to committee.

Crypto journalist Eleanor Terrett published an article summarizing the key results of the U.S. midterm elections, stating that the outcomes are generally unfavorable for the Republican Party and the crypto industry. She pointed out that despite over $64 million invested by the crypto industry, it was unable to prevent Sherrod Brown from returning to the Senate, where Brown may gain a leadership position on a committee with jurisdiction over crypto issues. Sherrod Brown previously served as the chairman of the Senate Banking Committee and holds significant influence over legislation and regulation of digital assets.Eleanor Terrett noted that Brown is cautious and even skeptical about crypto, emphasizing that consumer and investor protection should take priority. He advocates for enhanced information disclosure, segregation of customer assets, combating conflicts of interest, and anti-money laundering measures, opposing industry-led lax legislation. While he does not outright reject reforms on stablecoins and market structure, he insists that the regulatory framework must become stricter and not dilute the standards of traditional financial markets.Additionally, pro-crypto representatives Bryan Steil, Zach Nunn, and Ann Wagner were defeated, and Mike Lawler has conceded to Cait Conley, although the Associated Press has yet to make a final determination on New York's 17th congressional district. Kirsten Gillibrand, chair of the Democratic Senatorial Campaign Committee, helped the Democrats secure a Senate majority that exceeded expectations. After the Republican Party lost control of the Senate, Tim Scott is expected to transition from chairman of the Banking Committee to minority leader; the outcome in French Hill's district has not yet been determined, but it appears he may narrowly win and is expected to become minority leader, with the chairmanship taken over by Maxine Waters. Pete Ricketts won in Nebraska, and Andy Barr secured the vacant Senate seat in Kentucky, succeeding Mitch McConnell and potentially competing for a position on the Banking Committee.

According to Bloomberg, after Binance experienced a record $6.3 billion hack, it has increased incentives for some market makers trading on the platform to boost trading activity. Sources familiar with the matter revealed that shortly after the security breach, the company reached out to smaller trading firms to offer higher commissions in the spot and futures markets.Sources indicated that during this week-long initiative, so-called level 2 and level 3 market makers would receive the same commission rates as level 4 participants, which is the highest tier on the platform. The sources added that these changes are aimed at providing greater financial incentives for smaller liquidity providers to quote on the trading platform and maintain a deeper order book.According to information on its website, Binance primarily categorizes market makers into different tiers based on the liquidity they provide, with companies offering larger trading volumes qualifying for higher tiers, typically receiving larger commissions, thereby reducing their trading costs. A Binance spokesperson stated that the latest measures following the security breach help to calm the market and noted that, just as prioritizing clear communication is important, the company took immediate action to maintain its core competitive advantage in liquidity. According to data from Talos, within 24 hours after the hack, the depth of the Bitcoin order book on Binance dropped by about 30%, with the depth within a 1% price range falling from $45 million to $32 million.

The cryptocurrency KOL Seven research stated that currently, the majority of the major funds and main margin accounts of market makers and quantitative institutions in the cryptocurrency market are on Binance. Many institutions are engaged in cross-exchange arbitrage or hedging, and the suspension of withdrawals by Binance could lead to a sudden halt in their capital chain.Seven research mentioned that if the market continues to fluctuate violently, relevant institutions will be unable to withdraw funds from Binance to supplement margins elsewhere. To prevent liquidation, they will be forced to close positions on other exchanges and on-chain, forcibly pulling cash back. They also indicated that this is why the stolen assets were Ethereum-based, resulting in Solana and a bunch of altcoins dropping on the same day.

Binance will launch trading pairs for bStocks tokenized securities APPB, BSPB, GEVB, SKDDB, and SKUUB on October 28 at 20:00. Users can exchange bStocks for BTC, USDT, or other supported tokens without fees within one hour after the launch. In addition, the zero maker fee promotion for all bStocks trading pairs has been extended to December 1 at 07:59.

According to Euronews, the Finance Committee of the French National Assembly voted last week to pass several amendments to cryptocurrency taxation. According to the proposal, residents holding over 800,000 euros in cryptocurrency assets who move abroad will be subject to an exit tax starting in 2027, covering foreign platform tokens and self-custody wallets, with the tax rate yet to be specified; those migrating within the European Union can apply for a tax deferral, and assets held for 2 to 5 years may be exempt from tax.Additionally, self-custody wallets valued at over 100,000 euros at the end of the year must be declared, or they will face a fine of up to 10,000 euros; the exchange of cryptocurrency assets for stablecoins will also fall under the current unified tax rate of 31.4%.It is worth noting that the committee rejected the budget revenue portion with a vote of 31 to 3, so the aforementioned amendments must be resubmitted this Tuesday and will be voted on again on October 20, with a full case vote scheduled for November 17 before being handed over to the Senate for review.

Security company CertiK's analysis shows that a legacy MakerDAO auction keeper contract was exploited, with the attacker taking away 200 ETH, worth over $500,000. CertiK stated that the root cause was the lack of access control for the 0x8804d1de function in the keeper implementation contract.This contract was involved in the "Black Thursday" liquidation crisis in March 2020, when it won ETH with zero bids, with four transactions of 50 ETH each remaining unsettled. The attacker took this batch of funds and transferred them out in amounts of 10 ETH each via Tornado Cash. Although this contract is not currently a core part of the Sky ecosystem, old contracts with remaining funds may still become targets for attacks.

According to market news, Hunter Biden, the son of former U.S. President Biden, announced the results of an independent investigation into the launch of the LAPTOP token, stating that he has commissioned the forensic company Groom Lake to verify all transactions on the day of the launch. He denied that the team cashed out, stating that the founder's tokens remain concentrated in the same wallet and have not been transferred since the launch; his personal tokens have been locked for six months and will be released over two years.He cited the investigation, stating that Market Maker 1 had $500,000 in startup capital but only invested about $5,200 and less than 30,000 tokens into the liquidity pool, which accounted for only 0.003% of the total supply. The extremely low liquidity caused the price to rise from $0.05 to about $317 in less than two minutes, followed by a 98% drop within the next hour. After the price peaked 84 seconds later, Market Maker 1 withdrew funds during the sell-off, causing the available funds to support sell orders to drop from $16,200 to zero, close to the current price.He stated that Market Maker 1's DEX position made a profit of about $686,000, while Market Maker 2's related DEX transactions netted over $2.1 million, and he believes that the market maker responsible for the launch issues should buy back and destroy the tokens. He stated that he takes ultimate responsibility, will not exit the project, and plans to destroy most of the unclaimed tokens from the first airdrop next week; this airdrop accounts for 10% of the total supply.

According to Defimon Alerts monitoring, a new address funded by Tornado Cash withdrew 200 WETH from a dormant MakerDAO ETH-A liquidation bot on October 6, resulting in a loss of approximately $538,000.This upgradable proxy had won four ETH-A liquidation auctions in 2020 (numbers 1457 to 1460, each with 50 WETH), but did not call deal(), leaving the collateral in Flipper.The withdrawal function of the implementation contract was not protected by ds-auth, allowing any caller to trigger it: first calling deal() on the aforementioned old auctions, then transferring the collateral to the keeper via Vat.flux, and subsequently using GemJoin.exit to transfer 200 WETH to the address specified by the caller and unpacking it into ETH. The MakerDAO core contracts operated as designed, with the vulnerability lying in the unprivileged exit function of the third-party bot.

According to CNBC, U.S. Democratic Congressman Don Davis proposed the "No Betting on Your Own Race Act," which aims to prohibit federal office candidates from trading prediction market contracts related to their own election results.Under the bill, violators will be fined at least $10,000 or three times the net profits from the related trades, whichever is higher. Before this proposal was introduced, Davis's Republican opponent in North Carolina's 1st Congressional District, Laurie Buckhout, was fined nearly $2,600 for trading Kalshi contracts related to her candidacy and was suspended from trading on Kalshi for three years.

Polymarket's Vice President Josh stated on platform X that the team is fully developing a complete Central Limit Order Book (CLOB) based on Rust, as the current CLOB is the root cause of most issues on the platform.According to the plan, the complete order lifecycle process, including trading, settlement, on-chain interaction, indexer, and engine notifications, will be completed in the testing environment in October; in November, all production traffic will be mirrored to the new trading cluster, and results will be compared with the existing system. At the same time, testing permissions will be opened to market makers, and the migration switch plan will be locked in, with two complete drills to be completed before the official switch.Josh also mentioned that if progress goes smoothly, the new system will be officially released, and the migration is expected to require little or no changes for market makers and developers.

According to Digital Asset, Yoon Jong-joon, the digital financial policy officer of the Financial Services Commission (FSC) of South Korea, stated that they are considering introducing a market maker system for the virtual asset market to enhance market efficiency and stability. Although the current "Virtual Asset User Protection Act" prohibits market-making activities, this move indicates that the FSC intends to revisit and consider the introduction of this mechanism in the second phase of the legislative process.Yoon Jong-joon also mentioned that exchanges need to have sufficient capital and operational capabilities, and core functions (such as transaction execution, trading support, and abnormal trading monitoring) may shift from self-regulatory oversight to public regulation; governance rules related to major shareholders and management are expected to be strengthened; after the bill is enacted, it is expected to promote business diversification, the establishment of a trustworthy trading environment, a digital asset issuance and disclosure system, a Korean won stablecoin, and enhanced user protection, among other things.

According to Ember monitoring, after the AKE price briefly rose by 115%, it is suspected that its active market maker withdrew 216 million AKE from Binance Alpha 4 hours ago, worth approximately 13.83 million USD.This entity currently holds at least 1.24 billion AKE on-chain, valued at approximately 803 million USD, accounting for over 54% of the circulating supply. Ember speculates that AKE and the previously risen B2 may be operated by the same active market maker.