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Crypto Morning Briefing: Mysten Labs Buys Back Stake From FTX for $96 Million

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Breaking: Elon Musk Plans To Take On Google’s Bard & ChatGPT With New AI Startup

According to a recent report published by the Financial Times on Friday, billionaire CEO Elon Musk is currently working on the formation of an Artificial Intelligence (AI) startup that will compete with the likes of ChatGPT-maker OpenAI, Google’s Bard and Amazon’s Bedrock.

Mysten Labs Buys Back Stake From FTX for $96 Million

Mysten Labs, creator of the Layer 1 blockchain Sui, has repurchased an equity stake bought by FTX less than a year ago.

Metamask User Data From 18 Months Compromised

In yet another cause of concern for the crypto community, ConsenSys, the parent company of cryptocurrency wallet MetaMask, said there was a cybersecurity breach of user data. However, the company said the MetaMask browser extension and its mobile app are safe. The cryptocurrency wallet actually does not store user data as the software is non-custodial. However, the data breach occured at the end of one of its third party service providers, the company said on Friday.

SEC Poised To Increase Its Scrutiny of Decentralized Finance Exchanges

The U.S. Securities and Exchange Commission is set to remove any doubt that they plan to police decentralized finance.

OKX Wallet and Galxe Have Announced an Official Partnership

OKX Wallet and Galxe have announced an official partnership, allowing users to connect their OKX wallet web extension to set up and complete reward-based loyalty programs.

Market Watch 

As of press time, according to Cointime data:

BTC 's live price is $30,313.90 USD, dropped by 0.13% in the last 24 hours;

ETH’s live price is $2,087.52 USD, jumped by 3.73% in the last 24 hours;

BNB’s live price is $329.08 USD, jumped by 1.35% in the last 24 hours;

XRP's live price is $0.52 USD, jumped by 1.98% in the last 24 hours.

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  • Telegram Renames Gram Wallet to Money and Launches for All Users

    On October 9, Telegram officially renamed its previously limited-access wallet service 'Gram wallet' to 'Money' and launched it to over one billion users across the platform. 'Money' is an integrated wallet for the Gram token, supporting storage, transfers, and purchases of platform gifts and collectible usernames. Additionally, the accompanying trading platform 'Walt' offers services for over 300 assets, including tokenized stocks, precious metals, perpetual contracts, and wealth management projects. Users can make instant transfers from 'Walt' to the 'Money' wallet without incurring network fees. The official statement also cautions that investing in crypto assets carries associated risks.

  • Blockchain.com Seeks Approval for Prediction Markets and Cryptocurrency Derivatives Trading

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  • US May Seize Approximately $1 Billion in Cryptocurrency Related to Iran This Week

    U.S. Treasury Secretary Bencet stated at the NPolicy Summit held by Newsmax in Washington on Thursday that we may seize $1 billion in cryptocurrency this week, adding, "We know where it is, and we are isolating them." Bencet noted that the Trump administration's approach to Iran has shifted from 'maximum pressure' to 'absolute isolation,' with measures including maritime blockades, restrictions on air travel, and the cutting off of land routes. The UAE and Oman are cooperating with the U.S., which is also working with Pakistan and Turkey to cut off all land routes in and out of Iran.

  • Zcash Development Team Plans to Introduce Quantum-Resistant Signatures in January

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  • BTC Surpasses $83,000

    Market data shows that BTC has surpassed $83,000, currently priced at $83,017.3, with a 24-hour increase of 0.66%. The market is highly volatile, so please ensure proper risk management.

  • Central Committee and State Council: Comprehensive Implementation of 'AI+' Initiative

    On October 9, the Central Committee of the Communist Party of China and the State Council issued the 'Opinions on Developing New Quality Productive Forces.' The opinions mention the comprehensive implementation of the 'AI+' initiative. This includes promoting the transformation of traditional industries through artificial intelligence, accelerating the development of new-generation intelligent terminal applications such as smart connected new energy vehicles, AI smartphones and computers, and humanoid robots. It aims to speed up innovation in digital intelligence technologies like artificial intelligence, break through foundational theories and core technologies, and strengthen the efficient supply of computing power, algorithms, and data. The strategy involves tailored approaches based on local conditions and industry-specific policies to layout national pilot bases for AI industry applications and high-value application scenarios, vigorously promoting the application of AI across various sectors. Additionally, it emphasizes the establishment of a technology monitoring, risk warning, and emergency response system to ensure that artificial intelligence is safe, reliable, and controllable.

  • U.S. Government-Related Wallet Deposits 17,733 BTC and 750 WBTC to Coinbase Prime

    On October 9, according to monitoring by Lookonchain, wallets associated with the U.S. government have deposited 17,733 BTC (worth $1.48 billion) and 750 WBTC (worth $62 million) into Coinbase Prime over the past three days. According to tagging data from Arkham, these wallets currently hold cryptocurrency assets valued at $25.4 billion, with Bitcoin alone valued at $25.3 billion.

  • ETH Falls Below $2500

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  • ETH Surpasses $2500

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