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Farhan Shaik

@pizzasat

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Farhan Shaik pfp
Farhan Shaik
@pizzasat
Tether announced its upcoming investment in Quantoz Payments to support the launch of EURQ and USDQ euro and US dollar-referenced E-Money Tokens (EMTs) respectively, designed to be MiCAR-compliant. — link The stablecoins will be listed on exchanges Bitfinex and Kraken on November 21. Kraken and Fabric Ventures have also invested in Quantoz
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Farhan Shaik
@pizzasat
The founder of Slowmist reminds that if you need to copy sensitive information on your computer, as long as the computer is connected to the Internet, there are countless possibilities for your sensitive information to be "stolen". If your computer is not equipped with a hardware wallet or iPhone wallet for external confirmation, it is only a matter of time before it is stolen.
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Farhan Shaik
@pizzasat
The Ethereum Foundation released its 2024 report. As of October 31, 2024, EF's asset reserves are US$970.2 million, of which US$788.7 million are crypto assets, 99.45% are in ETH. The goal of EF's asset reserves is to provide financial support for important public products. It is necessary to sell ETH regularly to ensure sufficient reserves in the coming years.
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Farhan Shaik
@pizzasat
The Korea Digital Asset Exchange Association announced that ORB (Orbs) and TEMCO will be included in the trading warning currencies. Deposit business of these two currencies will be suspended. The ORB project failed to truthfully disclose information that had a significant impact on the currency price. TEMCO was for arbitrarily changing important information without public disclosure.
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Farhan Shaik
@pizzasat
Polymarket shows that Trump's winning rate has fallen since it reached a peak of 67% on October 30, and has dropped to 58.1% on November 2, while Harris's has increased from a low of 34.4% to 41.1%. A Washington Post poll found that in the final days, Harris and Trump's support in the most critical state of Pennsylvania was almost the same.
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Farhan Shaik
@pizzasat
According to WSJ, the French user who spent more than $38 million on betting on Trump's victory on Polymarket said he had no political purpose. He claimed to be a Frenchman who had lived in the United States and worked as a trader in a bank. If Trump's victory came true, he could get a return of more than $80 million. If Harris wins, the user may lose all or most of his money.
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Farhan Shaik
@pizzasat
Avenir Crypto, the family office of Huobi founder Li Lin, disclosed that it has become the largest institutional holder of two major Bitcoin ETFs in Asia, and said it will invest $500 million to support excellent quantitative teams. In 2022, Li Lin sold the cryptocurrency exchange Huobi to Justin Sun for $1-1.5 billion.
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Farhan Shaik
@pizzasat
Crypto exchange M2 had a security incident involving $13.7 million at 7:16 on October 31. M2 said it took full responsibility for any potential losses and all services have now been restored. M2 was founded in 2022 and is headquartered in the UAE. It supports UAE residents to buy and sell Bitcoin and Ethereum directly through bank accounts.
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Farhan Shaik pfp
Farhan Shaik
@pizzasat
UBS Asset Management, one of the world's largest asset management companies, announced the launch of its first tokenized money market fund uMINT in Singapore. The fund is built on Ethereum distributed ledger technology (DLT) and aims to provide institutional investors.
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Farhan Shaik
@pizzasat
The BNB Foundation announced the completion of the 29th quarterly BNB burning, with a total automatic burning of 1772712.363 BNB, worth approximately $1.07 billion. This quarter's burning and future burning will be carried out directly on BSC, and the corresponding amount of BNB will be sent to the "black hole" address.
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Farhan Shaik
@pizzasat
Arthur Hayes' latest article argues that China will eventually adopt quantitative easing (QE) and other economic stimulus measures to combat deflationary pressures, which will drive Bitcoin's growth. As the money supply of the Chinese economy increases, Bitcoin will become a means of combating currency depreciation.
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Farhan Shaik
@pizzasat
🙉 Farcaster's monthly revenue is down 96% compared to its February peak So far, Farcaster’s monthly revenue in October stands at $15,825 — a ~96% drop from its peak monthly revenue in February In May this year, it raised $150 million in its Series A, with a reported valuation of $1B
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Farhan Shaik pfp
Farhan Shaik
@pizzasat
NCPPR plans to propose a Bitcoin diversification evaluation proposal at Microsoft's annual shareholder meeting on December 10, calling Bitcoin "the best inflation hedge" and recommending that the company invest at least 1% of its total assets in Bitcoin. Microsoft's board of directors recommends that shareholders vote against the proposal, mainly due to the volatility of cryptocurrencies.
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Farhan Shaik pfp
Farhan Shaik
@pizzasat
The Vietnamese government has identified blockchain as one of the important technological trends of the Fourth Industrial Revolution and is committed to making Vietnam a leading regional blockchain technology research, application and innovation center by 2030. The Vietnamese government plans to create 20 blockchain brands with regional influence.
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Farhan Shaik pfp
Farhan Shaik
@pizzasat
Bitfinex lending rates have suddenly skyrocketed, with multiple orders lent at a high 30% APR today. Greekslive stated that the big spot traders have started to add to their positions in a big way and is a strong bullish signal. 30% APR lending has been an accurate signal of a major bull market for the last two years.
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Farhan Shaik pfp
Farhan Shaik
@pizzasat
The Russian state and the nation’s biggest crypto miner BitRiver have unveiled plans to build mining data centers in BRICS nations. Per RBC, the deal involves the Russian Direct Investment Fund (RDIF), the country’s sovereign wealth fund. BitRiver already has 21 data centers in Russia and is building 10 new centers.
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Farhan Shaik pfp
Farhan Shaik
@pizzasat
The free version of the security check plugin ScamSniffer currently charges a 0.25% fee on selected DEX transactions. According to the official documentation, although the fee option can be turned off by disabling the "Enable Premium Plan" option, this will also result in the loss of some functionality. In the future, fees will become a default part of the service. Fees are collected by adding custom commands to Uniswap general router transactions.
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Farhan Shaik pfp
Farhan Shaik
@pizzasat
Coinbase has integrated ZetaChain mainnet as a default network within its ecosystem, and Coinbase Prime now supports institutional custody for ZETA. Coinbase has also joined as a validator, enabling native ZETA staking and rewards. Meanwhile, ZetaChain has launched full support for Base, facilitating seamless interactions across Base, Bitcoin, Ethereum, and other networks.
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Farhan Shaik pfp
Farhan Shaik
@pizzasat
a16z Crypto released a report saying that as of September this year, there were about 617 million cryptocurrency holders worldwide and 60 million monthly active users. The transaction volume of stablecoins in the Q2 of 2024 was more than twice that of Visa. The average cost of sending USDC on Base is less than one cent, compared to an average cost of $44 for sending international wire transfers.
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Farhan Shaik pfp
Farhan Shaik
@pizzasat
🚨 Total spot Bitcoin ETF trading volume surpasses $2.1 billion for the second consecutive day.
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