Author: Sahil Poudel

OpenGradient and Nuffle Labs Introduce Secure AI to Blockchain

SUMMARY

Nuffle Labs and OpenGradient have teamed up to integrate decentralized, secure AI on blockchain networks, giving developers access to AI features without jeopardizing the integrity of the blockchain.

Nuffle Labs and OpenGradient Partner for Secure Blockchain AI

Nuffle Labs and OpenGradient are collaborating to bring secure, decentralized AI processing to blockchain networks, according to a press release. This partnership will allow developers to use AI directly on-chain without relying on off-chain solutions, which may pose privacy risks.

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Blockchain networks and AI have been challenging to integrate due to blockchain’s secure yet inflexible infrastructure versus AI’s need for high-performance computing. Nuffle Labs has introduced a “Fast Finality Layer” to close this gap and improve transaction security and speed. Across several blockchains, OpenGradient will use this new architecture to facilitate safe, trust-minimized AI computation.

Impact on Blockchain Development

This partnership will enable decentralized applications to use AI functions on-chain, bypassing blockchain’s usual limitations and avoiding less secure external services. OpenGradient will use Nuffle’s infrastructure to allow AI models to run across blockchain networks while preserving security.

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For those less familiar with blockchain technology, the significance of this partnership lies in its approach to privacy and security in digital applications. Blockchain’s decentralized data storage and integrity protect against tampering, but integrating AI securely has been challenging—until now.

Focus on NEAR Protocol

The initial focus will be on the NEAR Protocol ecosystem, where OpenGradient will conduct real-time analytics and on-chain decision-making using Nuffle’s technology. This will bypass typical performance barriers that blockchain faces with AI’s high computational demands.

Vietnam Launches National Blockchain Strategy, Aiming to Lead Asia by 2030

Summary

Vietnam has finally revealed its National Blockchain Strategy, which aims to position itself as the leading decentralized country in Asia. This initiative focuses to put Vietnam as a future blockchain leader and a key-player in blockchain research, discovery, innovation and its application.

Blockchain Leadership Goals

On October 22, Vietnam launched its own Blockchain strategy. This carefully crafted plan aims to build atleast 20 globally reputable blockchain brands by 2025. The major motive behind all this by the government is to turn current Vietnam into a regional leader in decentralized technology with international influence in blockchain space.

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Building Blockchain Infrastructure

The key portion of the plan is the establishment of three blockchain testing centers in major cities. The testing centers’ main aim will be to enhance decentralization, digitalization, security, innovation and form a National Blockchain Network. If it is to workout exactly like the speculation, this will boost Vietnam’s ability to compete on global scale.

Vietnam’s 5-Point Blockchain Plan

The government outlined five main actions: improving legal frameworks, enhancing blockchain infrastructure, developing skilled human resources, promoting research, and encouraging global collaboration. Various ministries, like the Ministry of Information and Communications, will oversee these initiatives.

Collaboration and Innovation

To drive success, Vietnam will foster collaboration among local digital technology firms. The Vietnam Blockchain Association will also spearhead projects under the strategy to accelerate the country’s blockchain growth on the global stage.

Vitalik Buterin Calls Michael Saylor’s Bitcoin Comments ‘Insane’

Summary

Ethereum co-founder Vitalik Buterin directly criticized Michael Saylor, the chairman of MicroStrategy over his comment on Bitcoin’s recent activity. Buterin didn’t leave no crumbs and sharply called Saylor’s remarks “batshit insane” in a heated X (formerly Twitter) post.

Buterin Fires Back at Saylor’s Views

Vitalik Buterin took personal issue with the remarks made by Michael Saylor on his recent interview regarding bitcoin’s activity. The activity being the custody, where Saylor firmly believed that Regulated Finance Institutions. However, Buterin rejected this remark saying this goes against the decentralized ethos of crypto and calling out this action to be a push towards “regulatorty capture”.

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Crypto Leaders Side with Buterin

Several crypto famous leaders like Jameson Lopp and Eric Voorhees sided with Buterin. All of them shared the same view regarding involvement of third party on crypto space. Many believe this remark from Saylor as a direct contradiction to the whole concept of decentralization nature of blockchain.

Saylor’s Stance on Bitcoin Custody

In the interview, Saylor suggested the Bitcoin custody to be taken over by too Big to fail banks, believing it would protect assets from being seized. This seemed to contradict his previous vicious advocacy for self-custody. Just a year earlier, after the collapse of FTX, Saylor supported self-custody, stating that people should hold their own private keys. This hypocrisy surprised many, as he appears to favor institutional control over digital assets, a shift that Buterin and others find alarming.

Amid the formation of a bullish pattern, the CAT token gains 37%.

In conclusion, Simon’s Cat (CAT) meme coin recently saw a 37% increase after a bull flag pattern appeared on its daily chart. The increase in investor activity and the addition of new exchange listings could result in further gains for the token.

Bull Flag Pattern Indicates Potential Rally

According to trader Zak, CAT’s price has formed a classic bull flag pattern, often a sign of further upside. The token rose from $0.000024 to $0.000038 by Oct. 21, forming a flagpole before pulling back slightly. Consolidation between $0.000038 and $0.000044 was noted by another trader, Mr. Albert, indicating an impending breakout.

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Investor Activity and Market Performance

Due to a rise in daily trading volume to more than $60 million, CAT’s market capitalization increased from $166 million to $233 million over the past week.The meme coin’s listing on OKX and strong investor interest—including a whale purchase of $26,000 worth of CAT—has driven buying activity. The number of CAT holders also grew, reaching 235,666 by Oct. 28.

1000006309 Bitmala
Source: crypto.news

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Mixed Signals Are Shown by Technical Indicators

Technical indicators suggest a possible pause even though CAT’s upward momentum is still present. The MACD is showing a weakening trend, indicating potential short-term consolidation, and the Relative Strength Index (RSI) fell from overbought levels to a neutral 54.

Stripe Acquires Stablecoin Platform Bridge in $1.1B Deal

Summary

Stripe has reportedly accomplished acquisition of stable platform Bridge for $1.1 billion, as per the post done by TechCrunch co-founder Michael Arrington. However, the actual companies have yet to make an official statement.

Deal Confirmed, No Official Announcement Yet

The acquisition of Bridge, founded by former coinbase executives Zach Abrams and Sean Yu in 2022, follows alleged report from last week that the company were in final stage of negotiations. However, neither Stripe nor Bridge have released any official statement except X (formerly twitter) post by Michael Arrington.

Arrington’s Oct. 20 X post.

Bridge’s Role in Stablecoin Market

Bridge provides further features and facilities such as creation, transfer and storage of stablecoins making the system smoother for Stripe. A $40 million funding round for bridge was conducted in August which was conducted by major investing companies like Sequoia and Ribbit, which was followed by the negotiation deal.

Stripe’s Growing Crypto Ambitions

Stripe’s acquisition of Bridge fits its strategy to re-enter the crypto sector. After first introducing Bitcoin payments in 2014 and discontinuing them four years later, Stripe re-entered the market with stablecoin payments in 2024, citing demand for faster and cheaper blockchain transactions.

Rising Demand for Stablecoins

The use of Stablecoin is continously growing, reaching a market height of $173 billion in Q3 2024. This initiative positions Stripe on a favourable position to capitalize on the booming market, which has potential of hitting $3 trillion by 2030. Traditional Financial giants like Paypal and Visa have also started to enter this digital space.

Bitcoin, Ethereum Surge After Major Short Liquidations

Summary

Bitcoin and Ethereum are experiencing bullish momentum due to recent liquidation. Data provided by Coinglass states that over $138 million are in liquidation with $95 million coming from shorts position.

Ethereum Leads Liquidations and Gains

Ethereum showed exponentially good results at charts with $27.69 million in liquidation of which $23.84 million were from shorts position. This growth has also boosted ETH’s value by 3.1%, reaching $2,730. Ethereum’s trading value has also skyrocketed by 117% with grand total value of $17.4 billion as investors interest has been gathered. Notably, the largest single liquidation order was on Binance, worth $6.64 million in the ETH/USDT pair.

Bitcoin Follows Close Behind

Bitcoin saw $25 million in liquidations, with $21 million coming from shorts. This short squeeze helped BTC reach a four-month high of $69,460, though it corrected slightly and is now trading at $68,700. BTC’s daily trading volume spiked by 74%, climbing to $24 billion.

Broader Market Impact

The international crypto market has been on three-month high of $2.49 trillion. However analyst believe if this is to continue there’s a possibility of tides turning the other way, triggering sell-offs as traders and investors scramble to limit their potential loss. Conclusively, the surge of liquidation does shine a positive light on crypto space but further surge might cause potential problems.

D3 Global Unveils .APE Domain Names for ApeCoin Community

Summary

D3 Global has released .APE domain names providing ApeCoin holders to create a new web3 identity through newly created ApeChain. This initiative is part of an effort to make an interoperable name service for for the Apecoin ecosystem.

.APE Domains Go Live on ApeChain

D3 Global, which is a worldly known company for their specialization in web3 domain has officially launched .APE domain names for ApeCoin community which started as a memecoin. This initiative was announced on October 22, these domains will allow ApeCoin users to create their own tokenized web3 identities with the help of ApeChain layer-2 network.

Proposal Backed by ApeCoin Community

The launch follows a community-approved proposal that is in symmetry with the Internet Corporation for Assigned Names and Numbers (ICANN)‘s rollout of new generic top level domains (TLD)s. This effort is part of a larger initiative to enhance the utility and branding of ApeCoin users.

Multiple Uses for Tokenized .APE Names

ApeCoin holders can use these tokenized .APE names for several purposes, including email addresses, wallet addresses, decentralized identifiers, and as usernames across web3 platforms. This brings added functionality and personalization to ApeCoin’s growing ecosystem.

Building the Future of Web3

Gerard Hernandez of the APE Foundation expressed his excitement about the partnership with D3 Global stating:

“There is an imminent need for a comprehensive, all-in-one name solution that not only facilitates the growth of the APE brand and community, but also ensures futureproof utility for users.”

The domains will be available first to ApeCoin holders, with public availability set to follow soon.

Revolve Labs Proposes $60M Bitcoin Mining Data Center in Minnesota

Summary

A Colorado–based mining company, Revolve Labs is planning to build a $60 million data center in Glencoe, Minnesota. This facility aims to boost bitcoin production and processing capacity, address noise concerns and support local blockchain ecosystem.

Plans for a New Data Center

Colorado-based Revolve Labs is planning to establish $60 million data center in Glencoe, Minnesota. This project will have various features including AI data centers, cooling system, backup generator and lower noise concerns.

X ( formerly Twitter) post about AI Data Center.

Project Scope and Employment

The proposed facility is in early planning stages and will cost between $40 million and $60 million. It is expected to create 10 jobs and sit on a 6.2-acre site, also housing a new power substation.

Noise Concerns from Bitcoin Mining

Locals have raised an issue about possible noise pollution from mining, with reports of equipment noise reaching upto 85 decibels. This is not new for Revolve Labs as it has already faced similar complaints in other locations.

Economic Impact on Glencoe

Despite the noise issues, Revolve Labs’ operations have brought in $500,000 in net annual revenue, supporting local infrastructure projects and keeping electrical rates steady for residents.

Chinese Woman Pleads Not Guilty to Bitcoin Laundering Charges in the UK

Summary

Zhimin Qian, a Chinese national, has pleaded not guilty to charges of Bitcoin laundering in UK court. She was accused of handling illegal cryptocurrency in connection with a large money laundering operations.

X (formerly Twitter) post by Crypto News (CoinGape)

Qian Faces Money Laundering Charges

Zhimin Qian, popularly known as Yadi Zhang, stood in front of UK court and pleaded not guilty to laundering Bitcoin. According to Bloomberg, Qian was arrested and charged with two counts of money laundering. The UK’s Criminal Prosecution Service alleges that Qian possessed and transferred illegal cryptocurrency as part of a broader criminal operation prior to April 23.

The Involvement of Jian Wen

Authorities claim that Qian worked with Jian Wen, who has been sentenced for 6 years on the count of being involved in laundering plot. Police conducted raid on Wen’s residence to find 61,000 Bitcoin, currently valued over $4 billion. This arrest on Wed led the authorities to conduct a thorough investigation on Qian.

“Crypto Queen” Allegations

Qian is infamous with the name “Crypto Queen” , as she is accused of frauding 130,000 Chinese investors out of $5.6 billion between 2014 and 2017. However Qian denies all accusation and intends to fight back vigorously.

Trial Set for 2025

The trial is scheduled to begin in September 2025 at Southwark Crown Court, where another co-defendant, Seng Hok Ling, has also pleaded not guilty to related charges.

Qian’s case has drawn significant attention, as the broader legal proceedings around cryptocurrency crimes continue to evolve globally like the one which recently occured in Hong Kong.

TON Blockchain Sees Sharp Drop in Daily Active Users

Summary

The Open Network (TON) has seen a steep drop in daily active users, according to data provided on IntoTheBlock. The blockchain which showed a promising future in september has suddenly declined into abyss in october. This decline shows a broader market trend and specific challenges faced by a network.

TON’s Active Users Plummet

It is surprising that TON has seen its daily active users nosedive, TON at its peak had over 5 million active users. According to a chart shared on X (formerly Twitter), analysts believe this sharp decline on daily active users started in recent weeks. This raises suspicion on crypto space, can new blockchain projects ever reach the heights of Bitcoin and Ethereum ?

TON’s Daily Active Users Chart, Posted on X by IntoTheBlock

September Surge Quickly Fades

Toncoin powered network, TON had its moment in the spotlight earlier this year, especially in september when crypto gaming on telegram-based decentralized applications like Catizen and Yescoin saw hugs boost in users. On September 27, TON hit its peak active user count of 5.18 million and that number fell down to just 1.58 million by ghe 21st October, showcasing turbulence in Blockchain space.

New Addresses Also Decline

Alongside this, new addresses and zero-balance addresses on TON also took a hit, dropping from 2.58 million and 346,000 to under 650,000 and 68,000, respectively. It seems the market slowdown wasn’t the only factor at play. Events like the arrest of Telegram’s founder Pavel Durov and other network challenges have seemingly influenced the dip in user engagement.

Hope on the Horizon?

Historically, spikes on crypto projects have led to major events. While the numbers might look grim there’s still hope, seeing how Near Protocol is managing 3 million active users during current crypto turbulence. TON also has integration plans with Alchemy Pay, which fuel a rebound in users activity and provide us with a generational comeback.

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