Rivalsavior

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OpenAI Plans Restructuring To Prevent Hostile Takeovers According to Odaily, OpenAI is pursuing a largely untested corporate structure to shield itself from hostile takeovers and protect CEO Sam Altman from external interference. The artificial intelligence startup, which secured $6.6 billion in new funding last week, is planning to restructure as a Public Benefit Corporation (PBC). Multiple sources familiar with the company's strategy indicate that one key advantage of the PBC structure is its potential to thwart unwanted acquisitions or demands from activists. This means that existing investors, such as Microsoft or other parties, may face challenges if they attempt to acquire OpenAI. The PBC structure obligates OpenAI to balance the best interests of shareholders, the public, and stakeholders, including employees and society. A knowledgeable source stated that this approach to the company's

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Bullish Bitcoin Hopes Dented as China Eases Stimulus Plans According to CoinDesk: Bitcoin's recent rally has been dampened by a lack of new stimulus measures from China, with Beijing’s latest announcements falling short of market expectations. As a result, BTC dropped by 1.5%, following a surge in the past few weeks that had been partly driven by hopes of long-term Chinese stimulus. Crypto traders are now shifting their focus to an upcoming Federal Reserve meeting for potential market direction. The market was further disappointed when the National Development and Reform Commission (NDRC), in a Tuesday briefing, provided no specific details on new measures to stimulate China's economy. This underwhelmed investors who had anticipated stronger post-holiday market support. Consequently, the Shanghai Composite jumped by 4% at the open but closed the day lower, while the Hang Seng Index fell nearly 7%, reversing previous gains.

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Phishing Group Shifts Focus From Ton Ecosystem To Bitcoin According to Odaily, SlowMist founder Yu Jian shared on the X platform, citing an official tweet from ScamSniffer, that a phishing group operating within the TON ecosystem is preparing to shut down. The group believes that the TON community lacks significant players and is relatively small. Consequently, they have decided to shift their focus to the Bitcoin ecosystem, deeming it more lucrative. Yu Jian also suggested that the group's decision might indicate a lack of intelligence on their part

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Eigenlayer to Unlock $31 Million Worth of Tokens According to Odaily, Scopescan revealed on the X platform that a whale sold its EIGEN holdings at an average price of $3.2, despite having purchased them at an average cost of $3.5. Additionally, Scopescan disclosed that $31 million worth of EIGEN tokens are set to be unlocked in the next two days. The unlocking information indicates that Eigenlayer (EIGEN) plans to unlock approximately 9.93 million tokens at 3:00 AM UTC+8 on October 9. This amount represents 5.32% of the current circulating supply.

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Solv Protocol Generates $1.46 Million in Fees, Surpasses Solana and Uniswap According to Foresight News, data from DefiLlama reveals that Solv Protocol generated $1.46 million in protocol fees over the past 24 hours. This performance places Solv Protocol at the 7th position on DefiLlama's ranking, surpassing Solana, which generated approximately $1.2 million, and Uniswap, which generated around $1.1 million during the same period. As of now, Solv Protocol's Total Value Locked (TVL) has reached $1.4 billion, making it the highest TVL protocol within the Bitcoin Financial (BTCFI) ecosystem. This significant achievement highlights Solv Protocol's growing influence and prominence in the decentralized finance (DeFi) space.

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Ethereum Whale Continues Significant Sell-Off According to BlockBeats, on October 4, Lookonchain monitoring revealed that a prominent Ethereum ICO whale has been persistently selling off Ethereum. Just 45 minutes ago, this whale sold another 6,000 ETH, valued at approximately $14.11 million. Since September 22, the whale has sold a total of 40,000 ETH at an average price of $2,525 per ETH, amounting to $101 million. Despite these significant sales, the whale still holds a substantial amount of Ethereum, with a remaining balance of 99,500 ETH, valued at around $238 million

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Meta Unveils Hyperscape Tech For Real-Time 3D Environments According to Cointelegraph, Meta recently introduced a new technology called 'Hyperscape' that aims to revolutionize telepresence and redefine remote work. This tech takes the concept of stitching photographs together to create a 3D environment, similar to YouTube’s 360 videos, and transforms it into a real-time rendering system. Meta remains optimistic about the metaverse, as demonstrated by CEO Mark Zuckerberg at the company's 'Connect' event on September 25. During the event, Zuckerberg showcased the new 'Orion' smart glasses, which provide users with a heads-up display that seamlessly integrates digital information into their physical surroundings. While the Orion glasses garnered significant attention, the Hyperscape demo emerged as a notable highlight for virtual reality and Web3 enthusiasts.

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Arbitrum Achieves $200 Billion Trading Volume Milestone on Uniswap According to PANews, Uniswap Labs has officially announced that Arbitrum has become the first Layer 2 network to surpass $200 billion in trading volume on the Uniswap protocol. This significant milestone highlights the growing adoption and usage of Layer 2 solutions in the decentralized finance (DeFi) ecosystem. Arbitrum's achievement underscores the scalability and efficiency improvements that Layer 2 networks bring to blockchain transactions, making them more accessible and cost-effective for users. The milestone is a testament to the increasing importance of Layer 2 networks in enhancing the performance and user experience of decentralized applications (dApps).

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BNB Chain Launches Featured Activities Program for Community Projects BNB Chain has announced the introduction of a new initiative called "BNB Chain Featured Activities," designed to spotlight new and innovative projects within its ecosystem. This dynamic program aims to engage the BNB Chain community while providing a platform for projects to showcase their creativity, impact, and engage users through various activities.

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Bitcoin's Price Expected To Benefit From US Presidential Election According to Cointelegraph, Bitcoin’s price is anticipated to benefit from the upcoming United States presidential election, regardless of the outcome, as per CK Zheng, chief investment officer of ZX Squared Capital. Zheng highlighted that both Republican and Democratic parties have not adequately addressed the increasing US debts and deficits, which could be favorable for Bitcoin, especially after the election. Historically, Bitcoin has seen significant gains in the fourth quarter, particularly during years with Bitcoin halving events. CoinGlass data indicates that Bitcoin has rallied more than 50% six times since 2013 in the fourth quarter. The last halving event in 2020 saw Bitcoin surge 168% in the fourth quarter, coinciding with the US presidential election that year. Zheng expects Bitcoin to reach a new all-time high in Q4 or shortly thereafter.

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Cheems Completes Migration To BNB Chain With Significant Price Surge According to BlockBeats, on September 28, the Cheems project, originally part of the zkSync ecosystem, has successfully completed its 1:1 migration to the BNB Chain. Following the migration, the price of Cheems surged by over 100% in a short period, currently trading at $0.0(7)6291 with a market capitalization of $13.91 million. The official statement from Cheems highlighted that the community's migration to the BNB Chain aims to collaboratively advance the development of Web3. Holders of Cheems can now benefit from faster transaction speeds and lower gas fees on the BNB Chain. Additionally, Cheems plans to introduce more updates and support initiatives in the coming months, positioning itself as a new cultural symbol in the Web3 space.

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Whale Investor Reinvests $1.29 Million in POPCAT After Significant Loss According to BlockBeats, on September 25, Lookonchain monitoring revealed that a whale investor had previously incurred a loss of $611,000 (-45%) on POPCAT. Despite this significant setback, the investor has recently reinvested in the cryptocurrency. Over the past two days, the whale spent 8,644 SOL, equivalent to $1.29 million, to purchase 1.3 million POPCAT tokens at a price of $1 each.

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Animal-Themed Meme Tokens Surge in Value According to BlockBeats, on September 24, the market witnessed a resurgence of 'animal-themed' meme tokens, with several experiencing significant gains. Among these tokens, Ethereum Doge (EDOGE) saw its market capitalization surpass $7.7 million, marking a 138% increase within 24 hours. Pesto The Baby King Penguin (PESTO) also experienced a substantial rise, with its market capitalization exceeding $2 million and a 24-hour increase of 337%. Additionally, MOODENG's market capitalization broke through $8.6 million, reflecting a 27.3% gain over the same period. CHEEMS saw the most dramatic rise, with its market capitalization reaching over $4.3 million, a 597% increase in 24 hours.

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Chainbase And Google Cloud Collaborate On AI And Web3 Initiative According to BlockBeats, on September 23, blockchain data network Chainbase and Google Cloud successfully hosted a seminar titled 'AI and Web3: Building a Trusted Digital Future' during Token2049 in Singapore. During the event, Chainbase unveiled its new product, Chainbase Dataset, developed in collaboration with Google Cloud and based on BigQuery. BigQuery is a fully managed, AI-supported data analytics platform provided by Google Cloud. This partnership enables over 300 real-time updated multi-chain datasets from the Chainbase Data Platform to directly serve the 7 million developers and enterprise users on the BigQuery platform, facilitating the implementation of on-chain intelligent applications. Currently, the Chainbase Data Platform supports the development of more than 10,000 products, with over 20,000 developers within its ecosystem.

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Ethereum Predicted To Surge To $10,000 In Current Cycle According to BlockBeats, on September 22, Mike Alfred, founder of the crypto wealth management company Eaglebrook Advisors, shared his insights on X regarding the potential rise of Ethereum. Alfred stated that while Bitcoin maximalists might dismiss the notion, Ethereum could see its price increase from $2,500 to $10,000 in this cycle. Alfred explained that this prediction aligns with the nature of liquidity cycles. He emphasized that regardless of attempts to counter, argue, or complain about it, the upward trend is inevitable. 'Everything is going up,' he remarked, highlighting the broader market movements.

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MetaDAO To Launch Decision Market At Solana Breakpoint Conference According to Odaily, MetaDAO, a governance experiment project within the Solana ecosystem, announced at the Solana Breakpoint Conference in Singapore that it is set to launch a decision market for 'any metric and decision.' This new initiative aims to enhance the decision-making processes within the ecosystem by providing a platform for various metrics and decisions to be evaluated and acted upon. In August, MetaDAO revealed that it had secured $2.2 million in funding, with Paradigm leading the investment round. The project is reportedly similar to the prediction market Polymarket, which allows users to forecast outcomes on a wide range of topics. MetaDAO's decision market is expected to bring a new level of engagement and accuracy to governance within the Solana ecosystem, leveraging the collective intelligence of its participants to make more informed decisions.

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Circle CEO Announces AI Collaboration With Solana for 2025 According to BlockBeats, on September 20, Circle CEO Jeremy announced at the Solana Breakpoint conference that the company plans to collaborate with Solana in 2025 to introduce AI agents. These agents aim to enhance the flexibility and security of wallet infrastructure, improve the speed and stability of app and protocol interactions, and reduce transaction fees. Jeremy also highlighted that USDC currently supports 15 chains, with the Cross-Chain Transfer Protocol (CCTP) achieving a total transaction volume exceeding $12.6 billion and expanding to over 100 countries.

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Banana Gun Wallet Reportedly Compromised, Users Urged To Exercise Caution According to BlockBeats, on September 19, market sources reported that some community members claimed their Banana Gun wallets were compromised for unknown reasons. The incident has raised concerns among users of the Telegram Bot project Banana Gun, prompting a call for heightened vigilance regarding personal asset security. Market data indicates that the price of BANANA is currently $40.38, reflecting a 6.55% decline over the past 15 minutes. This sudden drop has further fueled apprehensions within the community. BlockBeats advises users to exercise caution when using Banana Gun and to take necessary measures to protect their assets.

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Ethereum Layer 2 Ecosystem Reaches Record High In Locked ETH According to BlockBeats, on September 18, Leon Waidmann, Head of Research at Onchain HQ, released data indicating that the Ethereum Layer 2 ecosystem is experiencing robust growth, with the total locked value reaching an all-time high of 14.65 million ETH. Waidmann emphasized that this increase is not only evident in the dollar value but also in the continuous rise in the amount of ETH itself being locked. This trend reflects the rapid expansion of the Ethereum ecosystem.

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USDC To Launch On Sui Network According to Cointelegraph, USD Coin (USDC), the second-largest stablecoin by market capitalization, is set to be integrated into the layer-1 (L1) blockchain Sui network. This announcement was made by Jeremy Allaire, the co-founder and CEO of Circle, the issuer of USDC. Allaire shared the news on X on September 17, reposting an announcement from Sui network ambassador Stravia.sui111.sui. As part of this integration, USDC will be natively supported on Sui through the Cross-Chain Transfer Protocol (CCTP). CCTP is a permissionless on-chain utility that facilitates USDC transfers between blockchain networks via native burning and minting. Launched in 2023, Sui is an L1 blockchain and smart contract platform designed to simplify and enhance the creation of applications and functions within the Web3 ecosystem. It utilizes the Move programming language and supports parallel transaction execution.

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