One of the most important changes in Cairo 1.0 is the syntax, allowing to write safer code (strong typing, ownership, etc.) while being more expressive. Cairo 1.0 also introduces a new intermediate representation, Sierra, which ensures that every Cairo run can be proven. However, currently Cairo 1.0 still lacks some features supported by older versions of Cairo, and it is expected to achieve functional parity with older versions of Cairo in the next few weeks.

Additionally, StarkNet Alpha V0.11.0 will be launched in the next few weeks and plans to introduce the ability to deploy and run Cairo 1.0 contracts.

Stabenow chairs the Senate Agriculture Committee, which has jurisdiction over the Commodity Futures Trading Commission, the primary U.S. regulator for bitcoin.

In 2022, the book value of assets managed by USV will be halved, but venture capital operations are in good condition. Last year was not all bad things, such as the explosion of decentralized protocols. Remaining "intact" during the shock proves that decentralized protocols are more viable than centralized entities and is a major lesson the Web3 industry should learn.

According to data released by the People's Bank of China Research Institute, as of August 31, 2022, the cumulative number of transactions in the pilot areas of 15 provinces (cities) was 360 million, with an amount of 100.04 billion yuan. The People's Bank of China's payment system report for the second quarter shows that the online payment business volume (third-party payment) of non-bank payment institutions has more than 200 billion transactions per day, which is 1.31 trillion yuan per day.

Vauld's concerns reportedly include Nexo's plans to phase out the U.S. market, where Vauld has numerous customers. But in today's proposal, Nexo said it intends to acquire Vauld's customer base, all cryptocurrencies owned by Vauld, all cryptocurrencies attributable to Vauld's customers, and all liabilities arising from ownership of the acquired assets. Nexo added that all customers (unless restricted by the respective jurisdiction’s regulatory framework) will be able to borrow, earn and redeem digital assets allocated in the new account, effective immediately. Other measures include an injection of funds from Nexo's balance sheet, effectively reducing the balance sheet deficit of all new Nexo customers by 10%, with no lock-up period on asset withdrawals.

It is reported that Vauld founder and CEO Darshan Bathija disclosed in an email sent to the company's creditors that Nexo's acquisition of Vauld "unfortunately did not bear fruit." But at Nexo, any decisions about Vauld's future rest in the hands of the company's committee of creditors, not its former chief executive, according to people familiar with the matter.

Prometheum Ember ATS will offer digital asset securities trading, clearing, settlement and custody. The new ATS has partnered with Anchorage Digital Bank to help it provide its service, which is meant to “seamlessly integrate with legacy securities trading systems.”

The ATS promised that it “enables institutions to trade digital asset securities under Federal Securities Laws.” It will initially support digital assets Flow, Filecoin, The Graph, Compound and Celo. Prometheum founder and CEO Aaron Kaplan said in a statement:

“Prometheum sets itself apart by maintaining the ability to be sustainably compliant under current securities laws, ensuring the multi-layer protections and standards required on Wall Street.”

Prometheum Ember ATS said in its statement that it will make the system’s full functionality available to all users “regardless of trading activity, volume, experience, or account size.”

It has been a long journey to SEC approval for Prometheum Ember ATS, which announced its intention to receive registration in March 2021. New York-based Prometheum, which was founded in 2017, was already operating as a crypto exchange at that time.

Related: SBF: FTX to filter assets it thinks are securities from US listings until registration in place

Prometheum Ember ATS is one of several partnerships Anchorage Digital Bank has established to advance its business. In June, Anchorage Digital announced it was working with Binance.US, CoinList, Blockchain.com, Strix Leviathan and Wintermute to segregate institutional client funds from exchanges into regulated asset vaults. Anchorage Digital CEO Diogo Mónica recently shared with Cointelegraph that the bank is preparing to enter the Asian market. Mónica has also called for greater regulatory clarity in the United States.

People are often skeptical about Web3, many of them influencers and digital content creators. Notably, many of those most reluctant to embrace Web3 are very successful on Web2. Since they’ve mastered monetization on popular Web2 platforms such as TikTok, Twitch and others, why bother learning the rules of a new game?

The current regulatory debate around restricting TikTok in the U.S. provides a salient example of the risks associated with Web2 platforms, and why embracing Web3 can both benefit and protect influencers and their fans. The value add of Web3 is twofold — autonomy and insurance. Let’s hope this TikTok proposal provides a wake-up call for influencers everywhere.

Cutting out the middleman There is a common misconception (not helped by the name) that Web3 is here to replace Web2. Rather than thinking about Web3 as a “new web,” it’s best to think about Web3 as a new channel. Web2 isn’t going anywhere soon, and as a creator, it’s smart to monetize as many platforms as possible. Influencers should think of it this way: If TikTok was announced today, would you reject it out of hand just because you were already successful on YouTube? Of course not. It’s the same with Web3.

Related: The future of DeFi is on TikTok

In a Web3 world, where digital content can be “tokenized” as NFTs, creators can set their own payment terms, and fans can actually own the digital item that they’re paying for, whether that be an artwork, a video, a piece of music, etc. NFTs can include royalty parameters, so creators and collectors can benefit directly from the proceeds of secondary market sales. That kind of recurring revenue stream doesn’t exist on traditional Web2 content platforms.

Protecting your content for the long term For successful influencers, censorship and “de-platforming” represent a major threat to their revenue, but many creators see it as an abstract risk. They argue that the removal of bad content is necessary and big tech companies can be relied upon to make sensible decisions. And anyway, good, rule-abiding creators like themselves won’t run afoul of moderation, right? They also seem to believe that platforms like Twitch, TikTok and Instagram are so successful that they’ll be around forever. Sadly, none of these arguments hold up.

In fact, popular platforms don’t stick around forever (remember MySpace and Vine?), and rule-abiding content creators get censored all the time. With so much content on their platforms, companies are forced to rely on automated solutions that frequently get things wrong, with costly consequences for creators. Healthy online communities need rules, and moderation is necessary in order to enforce them. But, if you’re a creator with an archive of valuable content, there’s a chance that your content will be lost or become unavailable to your fans.

Related: Nodes are going to dethrone tech giants — from Apple to Google

Web3 is different because it’s built on blockchains (or public ledgers) where data is added but never deleted or changed. Blockchains are decentralized by design, which means the data isn’t sitting on a server somewhere controlled by a big tech company; instead, a large network of nodes around the world maintains the accuracy of the network, making it transparent and virtually impossible to hack or corrupt.

An example of the resilience of Web3 platforms happened last year when the founder of Tezos-based NFT marketplace Hic et Nunc decided to abruptly shut down the project, leaving half a million NFTs in digital limbo. But, because Tezos is a public blockchain, and because the platform was built on Web3 open-source principles, the Hic et Nunc user community was able to relaunch it within hours, without serious disruption to sales. Imagine doing that with Instagram or TikTok.

Although a direct Web3 equivalent of TikTok doesn’t exist yet, it’s only a matter of time. And if you’re a digital content creator, there’s no need to wait. Web3 makes it possible, right now, to broaden your options for monetization and audience engagement through NFTs and other mechanisms. Creators should leverage as many platforms as possible. Web3 is what comes next — and it’s coming faster than you think.

Most notably, investment product volumes dropped to $758 million during the week, the lowest since October 2020 and far below the weekly average of $7 billion around this time last year when crypto markets were in an uptrend. 

The report reveals that Bitcoin (

BTC

$19,334

) investment products saw minor inflows of $4.6 million, marking the sixth consecutive weekly gain, while short-Bitcoin investment products saw outflows of $7.1 million.

Ether (

ETH

$1,345

) investment products saw outflows for the third successive week totaling $2.5 million, bringing the total of outflowspost-Mergeto $11.5 million, just 0.2% of assets under management. XRP (

XRP

$0.45

) saw inflows of $8 million. While that figure seems low, it’s reportedly close to the largest since the United States Securities and Exchange Commission’slawsuit against Ripple began.

Related: Institutional crypto adoption requires robust analytics for money laundering

So far this year, Bitcoin funds have seen a net worth of $296.2 million worth of inflows, while Ether funds have seen a net worth of $371.2 million in outflows. The figures suggest that investment managers are opting for the relative stability and longer track record of Bitcoin during the bear market.

CoinShares’ data reveals that Sweden, Canada and the United States saw the most action, with outflows of $4.5 million, $1.9 million and $1.2 million, respectively; while Germany, Brazil and Switzerland all saw minor inflows.

Eisenberg recently ousted himself as one of the persons behind the recent $117 million exploit of the Solana-based decentralized finance (DeFi) platform Mango Markets, which he has also claimed was "legal."

In an Oct. 23 post on Twitter, Eisenberg said the scheme involved deploying a “shitcoin" named Mango Inu, which he suggests was aimed at "exploiting bots" that gobble up newly launched tokens.

Eisenberg said the strategy involved deploying tokens, adding liquidity, and then "rug" right after the bots buy the token.

“Talked to someone who would deploy coins, add liquidity, and rug right after the bots bought, was a good low capacity strat last year when the bots bought anything that moved,” he said.

Much like the Mango Markets exploit, when people on Twitter questioned the morality and legality of the whole ordeal, Eisenberg argued that he hadn’t broken any laws as there was no promotion of the token:

“What part? Mango Inu is definitely not a security (no marketing, etc), no promises were made, just open market liquidity transactions.” Eisenberg said the token managed to get over $250,000 “invested/gambled” within half an hour with "absolutely no promotion," and that the fact that it occurred meant that "we're still so far away from the bottom."

He also explicitly warned not to buy the token, as "if you buy this you will definitely lose all your money.”

Pointless tokens continue to arise The Mango Inu token is another example of a token that has gained questionable market takeup recently despite not having any utility — a symptom usually associated with bull markets.

Earlier this month, a memecoin named “THE” token was created in response to a satirical Oct. 14 Twitter post from Ethereum co-founder Vitalik Buterin calling for the creation of an easily shilible project called “The Protocol.”

THE was subsequently launched on Ethereum and the Binance Smart Chain right after Buterin’s tweet, and pumped 77% by Oct. 20, though it has since dropped back down 60% to sit at $0.015 at the time of writing.

Related: 3Commas issues security alert as FTX deletes API keys following hack

The token, which was listed on exchanges such as Uniswap (V3), MEXC Global and Bitget, appears to serve no other function than the actualization of a joke made by Vitalik to foster wild speculation.

Blockchain cybersecurity firm PeckShield has urged caution with this token.

Jack Dorsey unveils decentralized social with algo choice and portable accounts Under the supervision of former Twitter CEO Jack Dorsey, a new social media platform called “Bluesky Social” has entered its private beta phase after years of anticipation. Underpinning the platform is a protocol known as the Authenticated Transfer Protocol (formerly named ADX). The protocol essentially removes the walls around user data, letting users move their accounts from platform to platform rather than having their profiles and information locked on a single platform.

Hodl! Tesla hangs onto all its remaining $218M in Bitcoin in Q3 After offloading 75% of its Bitcoin holdings in Q2, Tesla decided to retain its remaining BTC in Q3, according to the company’s latest earnings report. The Q3 earnings report detailed Tesla’s balance sheet carrying $218 million in digital assets. In February 2021, Tesla notably unveiled holding $1.5 billion worth of Bitcoin, but sold most of its holdings the following year due to China-related COVID-19 concerns.

Not like China: Hong Kong reportedly wants to legalize crypto trading Although a special administrative region of China, Hong Kong is reportedly looking to ease its crypto regulations to favor the industry. China has taken regulatory steps to discourage crypto industry activity in the past. Crypto trading in Hong Kong itself is largely limited to professional investors, thanks to Hong Kong’s Securities and Futures Commission (SFC). However, the SFC is now taking steps to allow retail crypto trading, as well as other crypto-friendly pursuits.

‘Performing as expected’ — Aptos Labs defends day 1 criticism Aptos, a blockchain constructed using programming language that was once intended for Meta’s Diem project, launched its mainnet on Oct. 17. The well-funded blockchain created by Aptos Labs claims a processing capacity of 160,000 transactions per second (TPS). However, just 4 TPS was observed at the time of Cointelegraph reporting on Oct. 18. The initial low numbers were expected, according to Aptos on Twitter. Oct. 20 reporting revealed numbers for the blockchain had risen to 16 TPS.