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2024-08-20

Tesla Stock Soars 22%; Binance Labs Invests in Solana Fitness App Moonwalk

Tesla's stock soars by 22%, Musk's fortune surges by over $26 billion overnight

On Thursday (October 24) Eastern Time, Tesla's stock performance hit its best in 11 years, and the wealth of the company's CEO, the world's richest man Musk, also increased by more than $26 billion. Tesla's stock rose by 21.92% on Thursday, closing at $260.48 per share, marking its best single-day gain since 2013, with a market value increase of about $150 billion. The approximate 22% increase on Thursday was also the second-largest increase since the company went public in 2010. According to the latest data from Forbes, Musk's current personal wealth stands at $269.8 billion (as of October 24), with an increase of $26.4 billion on Thursday, a growth rate of 10.83%.

Binance Labs announces investment in Solana ecosystem fitness responsibility app Moonwalk Fitness

Binance Labs announced an investment in the Solana ecosystem fitness responsibility app Moonwalk Fitness. Moonwalk Fitness plans to use this round of financing to accelerate product development and launch applications for iOS and Android. It is reported that Moonwalk Fitness combines gamification and financial incentives to promote a healthier lifestyle. It encourages users to bet on USDC, SOL, or BONK to complete daily step goals, with those who fail to meet the target losing part of their bet, and rewards being distributed to the winners. Previously, the crypto fitness app Moonwalk announced the completion of a $3.4 million financing round, led by Hack VC, with Binance Labs, Reciprocal Ventures, and Solana co-founder Raj Gokal participating.

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Microsoft lists "assessment of investing in Bitcoin" as a voting item for the December shareholders' meeting

A document filed by Microsoft with the U.S. Securities and Exchange Commission (SEC) shows that the "assessment of investing in Bitcoin" will be voted on at the shareholders' meeting on December 10. The proposal was put forward by the conservative think tank National Center for Public Policy Research, but Microsoft's board of directors recommends that shareholders vote against it. The board believes the proposal is "unnecessary" and states that the company's management has given sufficient consideration to Bitcoin and other cryptocurrencies, and will continue to monitor relevant trends to inform decision-making.

Solana network's daily fee revenue continues to set new highs, approximately $8.7 million

Data from Blockworks Research shows that after setting a historical high on October 22, Solana's fee revenue broke records again on October 23, reaching nearly $8.7 million, compared to just under $8 million the previous day. It is reported that this figure covers all sources of income, including basic fees, priority fees, and tips. In July, Solana's total weekly fee revenue exceeded Ethereum's for the first time, with its weekly revenue at about $25 million, while Ethereum's weekly revenue was $21 million.

Bitcoin whale holdings hit an all-time high

According to Cryptoquant data, Bitcoin whales currently hold about 670,000 Bitcoins, which is the highest value ever recorded. Undoubtedly, this is an optimistic long-term signal.From the charts, it can be observed that when the whale holding volume is at a high level, Bitcoin tends to exhibit a trend of sideways movement or a mildly bearish local decline. This accumulation phase can be described as the calm before the storm in the medium to long term.

The true growth wave of Bitcoin begins when whales gradually reduce their holdings until the percentage change in holdings becomes negative.

Decentralized social platform Bluesky completes a $15 million Series A funding round, led by Blockchain Capital

According to Decrypt, decentralized social platform Bluesky announced the completion of a $15 million Series A funding round, led by Blockchain Capital, with participants including SevenX, True Ventures, and Alumni Ventures. Bluesky stated that it will not "over-financialize" the "social experience" of Bluesky by integrating cryptocurrency tokens, NFTs, or other blockchain-based technologies into its platform at this time.

Google: Enhancing transparency of AI editing in Google Photos

Google stated on its blog that, in order to further improve transparency, Google is working on making it easier to detect how AI editing is used in Google Photos. Starting next week, Google Photos will indicate within the app when a photo has been edited by Google AI. Photos edited with tools such as Magic Editor, Magic Eraser, and Zoom Enhancement already include metadata according to the International Press Telecommunications Council (IPTC) technical standards, indicating that they have been edited with generative artificial intelligence. Now, Google will go a step further, displaying this information alongside other details such as file names, locations, and backup statuses within the photo app. In addition to indicating when an image has been edited with generative AI, Google will also use IPTC metadata to indicate whether an image is composed of elements from different photos using non-generative features. This work is ongoing, and the company will continue to gather feedback and evaluate additional solutions to enhance transparency regarding AI editing.

US SEC requests extension of the deadline for submitting principal briefs in the Ripple case to January 15, 2025

A document shared by lawyer James K. Filan on the X platform shows that the US SEC has requested an extension of the deadline for submitting principal briefs in the Ripple case to January 15, 2025.

Arbitrum developer Offchain Labs launches "fast withdrawal" feature, reducing withdrawal period from 7 days to 15 minutes

Arbitrum's original developer, Offchain Labs, announced the launch of a new "fast withdrawal" feature, allowing selected Orbit chain and RaaS providers to achieve withdrawal finalization within 15 minutes, as opposed to the usual waiting period of up to 7 days.The team stated: "After implementing quick withdrawals, the withdrawal time was reduced by more than 90%, making the withdrawal process extremely similar to that of withdrawing from a bank account. Although not identical, it is a substantial improvement compared to traditional blockchain standards, bringing it closer to the traditional TradFi experience of fund transfers."

Moonwalk: The Hidden Crypto Opportunity in Step Challenges

The fitness app Moonwalk, which incentivizes users to earn cryptocurrency through step tracking, recently raised $3.4 million in seed funding. The app aims to motivate healthy habits, allowing users to compete daily by challenging friends or strangers, with successful participants in meeting their step goals receiving rewards from pooled deposits. Unlike other crypto fitness platforms that require the purchase of NFTs, Moonwalk uses mainstream tokens for rewards, enhancing the user experience. Built on the Solana blockchain, the app plans to expand its features to support various fitness activities and develop iOS and Android versions to further attract mainstream consumers. This project not only focuses on fitness but also incorporates the trend of "spending crypto," striving to simplify the use of cryptocurrency.

60 Million Meme Tokens Wiped Out in Seconds, SHAR Conspires to Steal 3 Million in 12 Hours

On the Solana chain, a meme token called SHAR experienced dramatic price fluctuations in just a few hours, rising from zero to a market value of $60 million before quickly crashing to $3 million. The project side manipulated the market and created trading illusions to attract investors, ultimately leading to a plummet in token value. Despite this, the market's enthusiasm for meme tokens remains high, reflecting investors' desire for quick riches and blind adherence to decentralized narratives. The SHAR incident reveals the high risk and potential fraudulence of the meme market.

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