Daily Summary, 24 October

Daily Summary, October 24

🇺🇸 Politics and Regulation in the USA
* Donald Trump stated that he pardoned Changpeng Zhao because he “was not guilty” and “became a victim of political persecutions by the Biden administration.”
* Elizabeth Warren stated that Changpeng Zhao gave Donald Trump a bribe in the amount of $2 billion in the stablecoin USD1.
* JPMorgan will allow institutional clients to use Bitcoin and Ethereum as collateral.

💰 Large Movements and Mining
* An ancient Bitcoin-miner after 14 years of inactivity transferred 4000 BTC ($440 million) to a new address.
* Another solo-miner mined a block in the Bitcoin network and earned 3.126 BTC ($347,000).
* Ripple co-founder Chris Larsen since January 2018 has sold XRP for an amount of about $764 million, often selling coins near local maxima.
* From the SpaceX wallet of Elon Musk, 1215 BTC were transferred to an unknown address.

🇷🇺 Regulation in Russia and the World
* In the State Duma of the Russian Federation, they are preparing bills against illegal mining, including a separate article for the theft of electricity for the purpose of cryptocurrency mining.
* In Poltava, a city council deputy was exposed who tried to conceal more than $4.7 million in cryptocurrency.

📈 Analytics and Markets
* Blockchains can now process more than 3,400 transactions per second — almost at the level of the largest traditional financial systems.
* The trading volume of futures on DEX-exchanges in October has exceeded the record mark of $1 trillion.
* The capitalization of altcoins turned out to be approximately $800 billion lower than it could have been with the previous interest of retail investors.
* Inflation in the USA increased to 3% (the previous figure was 2.9%).

🏛 Technologies and Corporate News
* Google reported achieving “verifiable quantum supremacy” using a new algorithm on a 105-qubit processor.
* CMO of Polymarket confirmed plans to launch the native token POLY and conduct an airdrop.
* The head of Tether expects about $15 billion in profit for the company this year.
* The Bank of Russia commented that it does not regulate the “knife market in CS”.