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Changpeng Zhao announced his plans to complete a book on cryptocurrencies, much of which he wrote during his time in Lompoc Federal Prison in California.

He also said he plans to focus on the Giggle Academy education platform, which launched in March, as well as projects in the areas of decentralized finance, artificial intelligence and biotechnology, in which he plans to invest.

According to the former Binance CEO, the exchange is successfully continuing its operations without his involvement, which is an ideal scenario for any founder. Zhao promised to actively speak at various conferences dedicated to the crypto industry.

Earlier, Binance CEO Richard Teng confirmed that Zhao has been permanently barred from running the business and will not be able to hold important positions at the exchange.

 

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International money transfer system SWIFT has announced that it plans to test real-time transactions of tokenized assets and digital currencies in 2025, according to Reuters.

Over the past few years, banks and asset managers have been exploring the possibilities of “tokenizing” traditional assets such as bonds.

They expect the use of digital currencies, most often represented by blockchain-based tokens, to make trading faster, cheaper and more efficient, including by eliminating the middlemen involved in most transactions.

 

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In an interview, Julia Liang said Hong Kong's financial regulator is inspecting digital platforms for issuing licenses for virtual service providers (VASPs). The official said the first phase of SFC inspections has been completed and applicants have been instructed to make the necessary changes to their registration applications.

As of the beginning of the fourth quarter, there are three licensed SFC cryptocurrency platforms operating in Hong Kong: OSL, HashKey and HKVAX. Registration procedures for 11 crypto exchanges are scheduled to be completed by the end of the year.

Earlier, the Securities and Futures Commission of Hong Kong introduced a mandatory condition for crypto exchanges on the amount of insurance coverage of user deposits of 50%. Due to difficulties in meeting the requirements of the regulator, crypto exchanges OKX and Gate.io decided to withdraw their applications for licenses.

 

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Latin America is the fifth largest region in the world and accounts for more than 9% of the total cryptocurrency volume. Between July 2023 and June 2024, the cumulative funds raised in digital assets in this region increased by nearly $415 billion. Latin America has become the second region in the world in terms of crypto market growth after Africa.

At the same time, Argentina demonstrated the best results in terms of total capital inflows into cryptocurrencies - it was ahead of such countries as Brazil, Mexico, Venezuela and Colombia.

 

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Google rates the popularity of search queries on a scale from 0 to 100, based on the importance of the topic relative to the total volume of queries. According to this scale, user interest in bitcoin dropped to 33 points. At the same time, search queries containing the word “memcoins” reached 77 points during the same period. However, this figure failed to surpass its historical high of 100 points, which was set in October 2023.

Despite this, memcoins show no signs of losing interest among users, and platforms such as Pump.Fun and SunPump, where anyone can create their own virtual coins, continue to attract the attention of investors and traders. However, memcoins have been criticized by some industry experts.

In particular, investor and billionaire Mark Cuban recently expressed his opinion that memcoins are fraudulent schemes that newcomers to the market fall into.

 

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The World Liberty Financial platform has issued approximately 20 billion tokens with a total value of about $300 million. WLFI tokens were offered at $0.15 per unit, but by the evening of Tuesday, October 15, only 3% of the total asset had been sold.

According to anonymous sources close to the situation, the low level of demand may have been caused by technical problems related to access to the site. It is believed that the project resource was unable to cope with the high influx of buyers, which significantly limited the sales of WLFI. As a result, only 532 million tokens were sold on the first day of trading.

 

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Ripple's general counsel, Stuart Alderoti, confirmed that the Securities and Exchange Commission (SEC) has not appealed the court's ruling that XRP is not a security. This development represents a significant victory for the blockchain company, as it ensures that the token will not be subject to further scrutiny under securities laws.

However, Ripple has no intention of stopping there. Alderoti said that the company is going to file a cross-appeal against the court's decision regarding institutional sales of XRP. Previously, the court concluded that these sales were securities-related, which led to the imposition of a $125 million fine on the organization.

Ripple plans to challenge this ruling, especially since the SEC has formally appealed several rulings in favor of Ripple in this four-year legal battle.

 

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Peter Todd, who was named the creator of bitcoin in the HBO documentary “Money Electric: The Bitcoin Mystery,” has gone into the shadows. In an interview with WIRED, the programmer admitted to feeling fear for his life.

He said that the director of the movie about Satoshi Nakamoto, Cullen Hubbuck, was eager to draw attention to his project, and he succeeded. However, the release of the movie made Todd's life a real nightmare.

He explained that he agreed to participate, believing that the movie would focus on the history of bitcoin creation and its essence, rather than trying to reveal Nakamoto's identity.

Todd added that Satoshi did not want to be found, and there were reasons for that. He himself was never the creator of the first cryptocurrency. He is now in constant danger of being robbed or kidnapped.

There is a real possibility that some people may believe that he is the one who developed bitcoin and owns a large hoard of the cryptocurrency. In that case, they can take any steps to find out how to access it, the programmer concluded.

 

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On Monday, the bitcoin exchange rate continues to rise, strengthening for the third day in a row for the first time in twelve days and approaching the psychological level of $70,000 again!

 

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Leon Weidmann, head of research company Onchain Insights, is confident that the price of Ethereum (ETH) will continue to rise due to the limited supply of this cryptocurrency.

First, he noted the increase in Ethereum steaking. According to his data, members of the crypto community have blocked 28.9% of all issued ETH, which is 34.8 million coins worth $98.8 billion at current exchange rates.

Secondly, Ethereum stocks on cryptocurrency exchanges are gradually depleting. Currently, trading platforms hold 19.2 million coins worth $54.5 billion. This figure has been shrinking since November 2022, when exchanges held about 27.5 million ETH.