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Share link:In this post: Judge Ronald Griffing said Logan Paul’s bid to remove a lawsuit over the collapse of CryptoZoo should be allowed. Griffin also urged the class-action plaintiff to update all but one of its 27 claims against Paul, the one linking him to commodity pool fraud. The judge dismissed Paul’s bid to accuse CryptoZoo co-founders of the project’s failure.
Share link:In this post: SoftBank shares fell over 5% after it announced a $2 billion deal to buy Intel stock at $23 per share. Asian markets dropped across the board as investors waited for the U.S. Fed’s Jackson Hole meeting. Jerome Powell is expected to signal a possible rate cut, with futures showing an 83% chance for September.
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Share link:In this post: Ethereum ETFs now hold over 6.5M ETH, with projections showing a September flip as they close in on Bitcoin ETFs’ share of the circulating supply. US spot ETH ETFs saw $59M in outflows on August 15 after record weekly inflows of 649,000 ETH pushed totals above $3.7B. Institutional investors dominate Ethereum with 19.2M ETH, while retail holdings fall sharply, highlighting shifting market influence amid price swings near $4,450.
Share link:In this post: Odin.fun still has no set date to resume trading after its $7M hack. CEO Bob Bodily confirmed funds have been frozen in CEXs, and investigations are ongoing. Trading will only resume after user balances, audits, and platform cleanup are finalized.
SEI’s 100-day EMA is about to cross above the 200-day EMA. Combined with weekly outflows and short liquidations stacked, SEI’s price could be primed for a continuation rally. But one cohort of traders may get burned.
DeFi and RWA protocols are shifting their focus to Layer 1 in pursuit of higher valuations, but rebranding won't help if the product is lacking.
Meta’s decision to cut back on AI investment and restructure its division is causing turbulence in the AI token market, with price drops seen across major assets.
- 16:38OpenAI is expected to spend $115 billions on increasing server investment by 2029.Jinse Finance reported, citing The Information, that OpenAI is expected to spend $115 billions by 2029 to increase investment in servers, in order to advance its artificial intelligence research and support products such as ChatGPT. Given its financial needs, an IPO may be crucial for the company.
- 16:26pump.fun's protocol revenue surpassed Hyperliquid in the past 24 hoursBlockBeats News, November 2, according to Defillama data, pump.fun generated $1.42 million in revenue over the past 24 hours, surpassing Hyperliquid's $1.18 million in revenue during the same period, and ranking only behind Tether ($23.36 million) and Circle ($7.91 million).
- 16:26Dash: Recent Price Surge Stems from Long-term Fundamental Development, Not Overnight SuccessBlockBeats News, November 2, Dash stated in a post that this month's strong DASH price performance was not achieved overnight, but is the result of long-term fundamental development. Five major achievements have been made in recent years: the launch of DashSpend, in-depth research into bill payment issues, comprehensive improvements to privacy payment features, DEX support (added to Maya Protocol), and the launch of the decentralized application platform Evolution.