Summary of the Week: New Ath and Bid on Ethereum Reserves

We look at the key events of the past seven days at the Forklog UA Digest.

Market and forecasts

• Circle may lose a quarter of the revenue due to the rate reduction. Investor Omir Bhagat estimated that the Fed rate by 100 base points will reduce the gross -handle of the USDC operator by $ 618 million (23%) and a $ 303 million gross profit; More than 90% of the market expects such a step, since Circle’s revenues are almost entirely dependent on percentage of US treasure bonds.
• Corporate cryptoclines split the community. After Microstrategy, more and more companies are creating digital active treasures: supporters consider it a way to increase the awareness of tokens, and critics warn of conflict of interest and manipulation.
• Bitcoin repeats the price cycle in 2021. Traders Nebraskangooner and Ben Cowen note that after halving, the price of BTC shows a similar pattern: growth in July -August, a decline in September, peak in the IV quarter and a further “bear” market; Current dynamics can form a double peak, as in 2021.
• Standard Chartered raised an ETH forecast to $ 7,500. Bank analysts expect that by the end of 2025 the price of ETH will reach $ 7500 (and by 2028 – $ 25 thousand), referring to the accumulation of asset with corporate treasures and ETFs, which have already collected 3.8% of turnover, as well as on Genius ACT and network updates.
• Solana exceeded $ 205 for the first time in a long time. In two days SOL went up by 18%, and the number of transactions on the network increased by 45%; In this case, the volumes on DEX have decreased, and the financing of futures remains moderate (12% per annum), which indicates a healthy market.
• Bitcoin has updated the historic maximum above $ 124 thousand. BTC reached $ 124 128, raising capitalization to $ 2.4 trillion, but quickly rolled up to $ 121,500; Ethereum approached his peak ($ 4 737), staying 3% below Ath.
• The analyst sees a new stage of bitcoin growth. Charles Edwards noted that 75% of Coinbase is for institutional purchases; Large warrants (810 BTC) and expectations of reducing the Fed rates can support further growth, as it happened earlier.
• ETH has exceeded $ 4400 thanks to Bitmin plans. After Bitmine Immersion announced its intention to increase its ETH purchase program to $ 24.5 billion, the coin price jumped to $ 4418; Company’s shares have grown by 3.8%and investors are waiting for further purchases.
• Cryptophops have bypassed traditional ETF in popularity. Half of the top 20 new ETF in the US is related to cryptocurrencies; The flagships – IBIT from Blackrock ($ 57.4 billion of assets) and ETHA ($ 9.6 billion), and in total, over 1300 new ETFs have been launched since the beginning of 2024.
• BersTein called Coinbase the main beneficiary of ETH growth. Analysts note that the last month ETH has increased by 17.5%, while BTC – only 0.7%; Coinbase supports more than 250 tokens, 10% of its income provides stinging, and its own Base network generates ~ $ 75 million a year.
• S&P Global first appreciated the Defi protocol. The rating agency awarded the Sky (former Makerdao) rating b-; Analysts noted the risks of high concentration of deposits, centralized management and regulatory uncertainty, but recognized the viability of USDS steiblcoin.
• Eth -ETF tributaries have exceeded the emission after The Merge. In a month, US ETH funds have attracted 500,000 ETH ($ 2.45 billion), while the network has only released 456 723 ETH; Bitmine and Sharplink corporate players bought 2.3 million ETH (1.9% of circulation), and the funds already control 3.8% of coins.

Regulation and policy

• The founder of the Darknet market Sheep Marketplace was detained in the case of bribe. Czech Tomasz Grizhikovsky handed over to the Ministry of Justice the country 468 BTC for the return of the seized property; The scandal led to the resignation of the Minister of Justice, and the programmer himself was arrested after 9 years of imprisonment.
• The United States has expanded sanctions against Garantex. The US Ministry of Finance has repeatedly imposed sanctions against the Russian exchange Garantex, accusing it of processing more than $ 100 million illegal transactions; Her successor Grinex and affiliated companies in Russia and Kyrgyzstan also were banned.
• Google Play will upgrade the castecles policy. On October 29, the platform will require paman applications to have licenses in the United States, the EU and another 15 jurisdictions (such as registration with Fincen and CASP status in the EU); Applications without storage of keys are exempt from the requirement and users must be kyc.
• SEC will develop new rules after the Ripple case. SEC Head Paul Atkins has announced that after the completion of the Ripple process, the Office focuses on clear rules for digital assets and reduce the role of litigation, aiming to protect investors and promote innovation.
• The Ethereum detainee in Turkey was released. Fede Carrone reported that he spent a day in the pre -trial detention center after being charged with helping the attackers who use Ethereum to “Miksing”; He rejects involvement and explains that he explored privacy and is ready to cooperate with the authorities.
• Kvon pleaded guilty to fraud. Terraform Labs co -founder acknowledged that investors misleaded the use of a trading firm to maintain a UST stablcoin course; The prosecutor’s office provides up to 12 years in prison, although the maximum under the article is 25 years.
• Justin San filed a lawsuit on Bloomberg. TRON founder stated that the publication was falsely accused him of breach of securities and money laundering; San requires refutation and compensation for damage to reputation.

Cybersecurity and breakage

• BTCTURK suspended the withdrawal of funds after breaking at $ 48 million. Cyvers analysts have recorded suspicious activity on several blockchains: the hot wallets of the Exchange withdrew more than $ 48 million and began to exchange assets on ETH, after which the platform blocked the withdrawal of funds.
• MEV -BOT brought out $ 300 thousand. Due to Coinbase permits. The Venn Network Safety Researcher, under Nick Deebeez, explained that the exchange contracts provided an “endless approval” for the swapper, which allowed the MEV account to withdraw the accumulated commissions; Coinbase confirmed the incident, noting that customers were not injured.
• The North Korean hacker himself was a victim of breaking. Zachxbt researcher found that the IT worker from the DPRK, who, together with the team, created more than 30 counterfeit profiles to work in cryptoproecticians, was broken; The group used the purchased accounts of UPWORK and LINKEDIN to access the confidential systems.
• The hackers brought 58.2 BTC from the platform Odin.Fun. The attackers added liquidity to the token, raised the price artificially, and then removed liquidity and withdrew 58.2 BTC (~ $ 7 million); The number of deposits on the platform fell from 291 to 233 BTC in just two hours.
• CYC -data origins increase the risk of physical attacks on investors. Trezor co -founder Alona Vranova noted that criminals abducted cryptocurrency owners to force private keys; Data on more than 80 million users, including 2.2 million addresses, have fallen into the hands of criminals, and the number of attacks increases with the BTC price.
• The Embargo group was associated with the Hacker gang of Blackcat. TRM Labs reports that Embargo, which has earned more than $ 34 million since April 2024, could be a new version of a well-known Blackcat group; Embargo provides tools and infrastructure to other criminals, avoiding loud attacks.
• The Qubic pool made 51% of Monero’s attack. The Qubic mining has accumulated sufficient power to control the Monero blockchain, allowing double spending and censorship of transactions; The founder of the project Sergei Ivancheglo called it an “economic experiment”, which demonstrates the vulnerability of Pow networks.
• Ethereum developer has been injured from the harmful expansion of Cursor. ZAK COL reported that he installed a fake Cursor plugin with a professional icon that seamlessly copied his .env file and a private key; A few days later, the attackers withdrew the money from his wallet, and the Drainers campaign had already stolen more than $ 500,000.

Artificial intelligence and the latest technologies

• Shi created new antibiotics. The MIT team has used generative models to study more than 36 million compounds and found molecules that destroy Neisseria Gonorrhoeae and MRSA membranes; Dr. James Collins noted that AI allows you to explore unknown chemical spaces and open new classes of medicines.
• Industrial quantum computers are expected by the end of the decade. IBM and Google are planning to release “industrial” quantum machines by 2030, stating that the key physical barriers are overcoming; Amazon AWS is more skeptical and believes that it will take 15-30 years, because problems such as the “call” of Kubits have not yet been resolved.
• The quantum analogy helped with the analysis of medical images. American researchers have used the mathematical apparatus of localization of quantum states for processing of ultrasound and MR -shares: they consider the distribution of pixels as quantum oscillations and separate the signal from noise without manual parameters, which can improve the accuracy of diagnosis.
• Openai finances a competitor Neuralink. The company invests in the startup Merge Labs, which seeks to create a brainstorming interface; The project plans to raise $ 250 million in the estimate of $ 850 million, and Sam Altman will be co -founder, but not an investor.
• SI agents can become the main users of Ethereum. The Ethereum Foundation blog describes how autonomous agents can use the HTTP 402 and EIP -3009 for automatic payment in steiblcoins and performing blockchain actions without human involvement, which will allow, for example, robots to calculate with infrastructure.
• Butherin against excessive autonomy AI. Vitalik Butherin criticizes the concept of too “agent” models, believing that it is better to maintain control over people; It supports open models that allow you to easily interfere and edit answers, and expresses interest in neurointerphases as a convenient form of interaction.
• Generative AI reduced the traffic of cryptomedia in Eastern Europe. The study shows that the distribution of generative AI tools that form news without visiting the source led to the fall of cryptocurrency publications in the region; Editories are forced to adapt to new formats and offer unique content ..

Mining and infrastructure

• Block introduced a minister with a 10 -year service life. Jack Dorsi has announced the Modular Miner Proto Rig, where stakes can be replaced in 90 seconds; 9.4 kW installation provides 14.1 J/th, promising 15-20% of savings and minimal simple.
• Terawulf and Fluidstack will launch a large -scale SI -Project with Google support. Companies have concluded a 10 -year contract for the supply of 250 MW of computing capacity for AI at the Lake Mariner center worth $ 3.7 billion; Google guarantees a rent of $ 1.8 billion and the supply of 40 MW will start in 2026.
• Coinbase has completed a deribit purchase agreement for $ 2.9 billion. Deribit is the largest option with a trading site of $ 185 billion in July. The agreement provides for $ 700 million in cash and 11 million Coinbase shares.
• Eden Network covers activities and distribute 2000 ETH. The MEV -oriented project will be closed by increasing competition and expenses; Eden users (except US residents) will receive a share of 2000 ETH Treasury at a fixed rate, and the token jumped on this news by 66%.
• Mara will expand the presence of SI infrastructure in the market. According to the media, the Bitcoin Meiner Marathon Digital Holdings plans to buy a company for $ 168 million to enter the market for cloud training for machine training; It diversifies a business that is currently depends on BTC production.
• Bit Digital came out plus due to the accumulation of Ethereum. The company has changed the strategy: instead of selling the coins, it accumulates ETH in the treasury, which allowed to profit in the II quarter; Against the background of this BTBT action, the management plans to continue to focus on Ethereum.
• Gomling provides a new surge in interest in mining. Cloud Miner analysts believe that after halving and successful ETF, the demand for bitcoin production will increase; Investors are looking for money to make money on mining, and new energy efficient installations make this business more attractive.

Exclusive OP_return is an element of a bitcoin code that allows you to use blockchain not only for financial transfers, but also for the preservation of arbitrary small data. Although op_return opens up new potentially useful opportunities, the function has become a matter of controversy in the community. What is it as it works and why causes criticism – in new material:

What is OP_return and how does it allow you to store data on a bitcoin network?

The gun