From major Ethereum trades to a dramatic SEC showdown, here are today’s biggest stories in crypto and finance, plus Franklin Templeton’s blockchain move.
The crypto and finance world sees no shortage of intrigue: Deribit’s record-breaking Ethereum options trade, Immutable’s unexpected SEC clash, and Franklin Templeton's leap into blockchain-integrated funds are just a few of the latest events making headlines. Here’s your quick catch-up on the top developments in crypto and beyond.
Key Points
ETH Options Trade Records $289,000 in Premiums:
A crypto holder strategically capitalized on the pre-election period by selling call options on 1,750 ETH, securing a $289,000 premium with a November 22 expiration. The trade highlights savvy investor maneuvers in today’s volatile market, per Deribit’s Lin Chen.
Ethereum Developer Updates and Devcon Delay:
Ethereum’s core developers discussed updates to Pectra specifications, postponing further developments until after the Ethereum Devcon. Christine Kim from Galaxy shared that the PeerDAS Devnet is also on hold after a large-scale reorganization.
ZetaChain Restores Operations:
After a brief outage due to a software update failure among validators, ZetaChain is resuming its mainnet operations with rollback adjustments to previous node versions.
TON VM Security Fixes:
Ton developers have patched two critical vulnerabilities in their virtual machine to prevent potential network disruptions caused by malicious contracts.
BlackRock’s Halloween ETF Inflows:
BlackRock led the way in Halloween Bitcoin inflows with $33.34 million, while Ethereum ETFs saw their highest weekly inflow with $13.65 million, showing resilience despite market fluctuations.
OpenAI Faces Compute Strain:
CEO Sam Altman highlighted in an AMA that capacity limitations are slowing OpenAI’s product rollout. The shortage has stalled Sora’s video generation tool and ChatGPT’s vision capabilities, potentially pushing OpenAI to develop proprietary chips with Broadcom.
SEC Targets Immutable:
Blockchain gaming platform Immutable received a surprise Wells notice from the SEC over alleged securities violations regarding the IMX token, prompting a public response criticizing the agency's approach.
Franklin Templeton Pioneers Blockchain on Base:
Franklin Templeton’s Benji system is now live on the Base blockchain, marking the first time an asset manager has tokenized a fund on Base.
With Ethereum trades setting records, Immutable standing its ground against the SEC, and Franklin Templeton exploring blockchain, crypto's expanding influence on traditional finance shows no signs of slowing. Stay tuned for continued updates as these stories evolve.
Related: Cointelegraph
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