DeepNewz

Regulation & Politics
Governor Newsom Vetoes SB 1047, AI Safety Bill, Supports Federal Preemption
On October 20, California Governor Gavin Newsom vetoed a landmark AI safety bill, SB 1047, which would have required advanced AI models to undergo rigorous safety testing before deployment

DeFi
EigenLayer's X Account Hacked, Fake $EIGEN Airdrop Scam Causes $1 Million in Losses
EigenLayer's official X (formerly Twitter) account has been compromised and is being used to promote a fake airdrop of its $EIGEN token, according to multiple online reports

TradFi & Fintech
Singapore's Largest Bank DBS Launches Token Services for Blockchain-Based Banking
DBS Bank, the largest bank in Singapore by assets under management (AUM), has introduced a new suite of services called 'Token Services'

DeFi
Fed's Waller: Stablecoins May Benefit Payment Systems, DeFi Could Complement Centralized Finance, Bullish Outlook
Federal Reserve Governor Chris Waller has made significant statements regarding the role of stablecoins and decentralized finance (DeFi) in the financial system

TradFi & Fintech
BlackRock in Talks with Binance to Use BUIDL Token as Futures Collateral
BlackRock is in discussions with global cryptocurrency exchanges, including Binance, to use its BUIDL token as collateral for futures trading

Markets
AI Meme Coins Emerge as New Trend in Crypto Market
AI meme coins are emerging as a new trend in the cryptocurrency market

Markets
Bitcoin's Price Surge Continues, Approaches $70,000 US
Bitcoin's price surge continues unabated, with the cryptocurrency approaching the $70,000 US mark

DeFi
PayPal's PYUSD Stablecoin Market Cap Plummets 40% to $618 Million Amid Solana Decline
PayPal's PYUSD stablecoin has experienced a significant decline in market capitalization, dropping 40% from its August high of over $1 billion to $618 million

DeFi
Swarm Markets Tokenizes 1 Ounce Gold Bars on Bitcoin Blockchain for First Time
Swarm Markets has launched a groundbreaking initiative by tokenizing 1 ounce physical gold bars on the Bitcoin blockchain

Markets
CME Bitcoin Futures Open Interest Hits All-Time High of 179,745 BTC, Totaling $20 Billion
CME's open interest in Bitcoin futures has reached new notional all-time highs, closing at 179,745 BTC on October 17, 2024




