BTC $80,317.97 -1.55%
ETH $2,346.41 -2.53%
BNB $728.55 -2.34%
XRP $1.27 -3.09%
SOL $100.50 -3.86%
TRX $0.3296 -0.01%
DOGE $0.0763 -4.47%
ADA $0.2054 -5.14%
BCH $273.33 -3.43%
LINK $11.49 -4.51%
HYPE $75.59 -3.31%
AAVE $136.84 -7.14%
SUI $0.9309 -5.70%
XLM $0.1696 -4.10%
ZEC $1,141.74 -8.19%
AAPL $346.91 -0.14%
AMZN $247.98 -0.27%
GOOGL $320.42 -1.04%
MSFT $523.04 -0.22%
META $640.60 -0.91%
NVDA $211.27 -1.11%
TSLA $370.27 -0.67%
SNDK $1,225.73 -5.58%
INTC $86.12 -1.83%
SPCX $146.43 -1.97%
MU $876.77 -1.57%
AMD $514.66 -1.68%
BTC $80,317.97 -1.55%
ETH $2,346.41 -2.53%
BNB $728.55 -2.34%
XRP $1.27 -3.09%
SOL $100.50 -3.86%
TRX $0.3296 -0.01%
DOGE $0.0763 -4.47%
ADA $0.2054 -5.14%
BCH $273.33 -3.43%
LINK $11.49 -4.51%
HYPE $75.59 -3.31%
AAVE $136.84 -7.14%
SUI $0.9309 -5.70%
XLM $0.1696 -4.10%
ZEC $1,141.74 -8.19%
AAPL $346.91 -0.14%
AMZN $247.98 -0.27%
GOOGL $320.42 -1.04%
MSFT $523.04 -0.22%
META $640.60 -0.91%
NVDA $211.27 -1.11%
TSLA $370.27 -0.67%
SNDK $1,225.73 -5.58%
INTC $86.12 -1.83%
SPCX $146.43 -1.97%
MU $876.77 -1.57%
AMD $514.66 -1.68%

tag

All
Article
Flash

first_img The Pentagon prohibits the U.S. military from betting on prediction markets using military information

U.S. Secretary of Defense Lloyd Austin has prohibited all Pentagon personnel from using non-public information to place bets on upcoming military operations, involving prediction market platforms such as Kalshi and Polymarket. In a memo sent to senior Pentagon officials and defense agencies on Tuesday, he stated that all Department of Defense personnel are prohibited from using non-public information for financial transactions, with the relevant restrictions covering both classified and unclassified information.Austin wrote in the memo that adversaries will observe movements in these markets, and the safety of U.S. military personnel often depends on the enemy not knowing what is about to happen. He also pointed out that, aside from operational security, financial betting can distort judgment: a logistics personnel betting on the date of an operation will be concerned about that date, and an analyst holding a position on the outcome will also be concerned about that outcome.Before this directive was issued, U.S. Army soldier Gannon Ken Van Dyke was charged in April for allegedly profiting over $400,000 on Polymarket by using classified information regarding the operation to capture Venezuelan leader Nicolás Maduro. Prosecutors claimed he participated in the planning and execution of the operation and used advance knowledge to bet on the outcome of Maduro's ousting; he pleaded not guilty to all charges. In February, Israeli authorities also arrested and charged a military reservist and a civilian for allegedly using classified information to bet on events related to Israeli strikes against Iran on Polymarket.

1% of customer contributions come from Anthropic, while corporate Token spending has nearly stagnated

According to Ramp's tracking of payment data from over 70,000 U.S. companies, approximately 80% of Anthropic and OpenAI's enterprise revenue comes from the top 1% of clients. In August and September, enterprise Token spending saw nearly zero growth for two consecutive months; although it reached a historical high at the beginning of October, it was only 1.5% higher than the peak in August.According to Ornn data, the actual Token price index for Anthropic fell from over $1.70 in mid-September to $0.83, a decline of more than 50%, while OpenAI's corresponding index was $0.45. According to YipitData, the top 1% of Anthropic's clients contributed 46% of revenue in August, up from 25% a year ago. Ramp data shows that the paid adoption rate for enterprise AI in September only increased by 0.62 percentage points to 55.9%. Ramp's chief economist Ara Kharazian believes that growth is shifting from expanding the paid user base to enhancing the depth of use among existing users.Goldman Sachs warns that the growth rate of Token demand must exceed the decline in prices to support sustained investment in computing power. Apollo's chief economist Torsten Slok pointed out that companies are highly sensitive to computing power prices, and price reductions may not necessarily lead to sufficient new demand. Goldman Sachs data also shows that the realized return on invested capital for Amazon, Alphabet, Meta, Microsoft, and Oracle has dropped from 40% to 25%, the lowest since 2016.

Chairman of the Financial Services Commission of Korea: Taxation on virtual assets must fully consider multiple factors, the digital asset bill has entered the final negotiation stage

According to a report by the Korean News Agency, Lee Won-ik, Chairman of the Financial Services Commission, stated during a comprehensive inspection at the National Assembly's Political Affairs Committee regarding the taxation of virtual assets to be implemented next year, "Various circumstances need to be fully considered." On the same day, People Power Party member Song Yeon-sik questioned whether to abolish or postpone the taxation, stating that the nature of digital assets and policy direction have not yet been determined, and that the "Basic Law on Digital Assets" should be prioritized. Lee Won-ik responded that the relevant legislation on digital assets is in the final negotiation stage and discussions will be promoted as soon as possible; regarding taxation, opinions from various parties are diverse, and collection of opinions is still ongoing.The taxation of virtual assets in South Korea was introduced in 2020 through amendments to the Income Tax Act, having been postponed three times previously. The government is currently advancing administrative procedures according to the timeline for implementation in January next year, but some in the industry and even within the ruling party believe that due to unclear standards and insufficient infrastructure, the timing for implementation is not yet mature.

first_img Vantage and Rio Bank completed the first tokenized deposit loan participation payment

Vantage Bank and Rio Bank completed principal and interest payments for loan participants using the loan service platform Participate, utilizing tokenized deposits from Hazel Network. Participate stated that after Vantage submitted the payment, the platform completed the distribution of principal and interest, with tokenized deposits reaching the recipient's digital wallet in less than 3 minutes. The loan balance and payment notifications were automatically updated in sync, connecting the traditional processes that relied on wire transfers, spreadsheets, and email notifications. This payment was announced on October 19.This payment marks the first implementation of the collaboration between the two banks that began in April this year. Custodia CEO Caitlin Long confirmed that the transaction occurred on the Ethereum mainnet. Hazel was jointly developed by Vantage and Custodia: Participate (a subsidiary of BankLabs) provides loan workflows and payment instructions, Vantage offers banking services and reserves, and Custodia is responsible for wallets, blockchain operations, compliance, and reconciliation monitoring.According to the Hazel white paper, this settlement model includes both on-chain and traditional bank ledger records, with transactions permitted only for authorized participants, while customer identities and account information are kept off-chain. Participate plans to offer tokenized deposits and Fedwire payment automation services to 750 banks for loan participation and syndicate payments.

first_img White Whale Labs: The advantages of Solana meme coins are concentrated in cluster wallets

White Whale Labs released a study titled "The Audit Of The Memecoin Casino," stating that since late August, it has recorded all Pump.fun and Stonk new coin transactions on Solana, covering over 1 million liquidity pools and 7.7 million wallets with 384 million exchanges, with data exceeding 56 GB and 820 million rows. This dataset adds 18 to 25 million transactions daily, with up to about 1 million wallets and over 60,000 newly issued projects.The study claims that among the coins that have had real transactions, about one-tenth will double within the following 24 hours. Among 22.8 million first purchases within two weeks, 17% doubled before a 40% drop; using a doubling take-profit and a 40% drop stop-loss while accounting for costs, the average loss per transaction is about 19%. Clusters consisting of 450 to 2000 wallets often concentrate their purchases within one to two minutes after going live, with the doubling ratio for related coins being 28% to 46%, and their entry doubling before a 40% drop is 50% to 60%, higher than the 17% of other wallets. The daily count of groups tracked is between 9 and 33.Copy trading tests show that entering two minutes behind large clusters results in a single coin loss of 41% for 93 coins, with a median drop of 95%; tracking groups with positive records still shows a single coin loss of 11%, and backtesting a single wallet shows a single transaction loss of 20%. A few tight-knit groups made about 10% profit on 16 coins. Neural networks increased the doubling ratio from about 10% to 26%, but out of 771 selections over 8 days, daily results were negative, with an average loss of about 11%, a median drop of 45%, and 55% triggering stop-loss within 24 hours. White Whale Labs stated that after spending thousands of dollars on API, VPS, and model costs, no monetizable advantage was found, and they believe that meme coin trading is almost entirely driven by cluster wallets.
app_icon
ChainCatcher Building the Web3 world with innovations.