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More →Zcash releases Zebra 7.0.0, requiring nodes to upgrade before November 5.
CoinWorld data: The Zcash Foundation has announced the release of Zebra 7.0.0, which supports the nu7 mainnet and requires node operators to upgrade before block 3,543,405 (expected around November 5) in order to remain on the consensus chain. In its October 22 announcement, the foundation noted that the older 6.4.x version will stop running a few days before activation. Features of the new version include 25-second block times, network sustainability mechanisms, and fixes for five security recommendations.
Former Google CEO Eric Schmidt: AI is not a bubble, and Anthropic's revenue is growing rapidly.
Benzinga reports that former Google CEO Eric Schmidt said artificial intelligence is "not a bubble" and noted that Anthropic's revenue is growing rapidly. He mentioned that Anthropic's growth rate is twice that of Google when he was CEO, saying "this is real money with real customers."
Report: No breakthrough in Lebanon-Israel talks, sides divided on disarmament of Hezbollah
According to US sources speaking to Al Arabiya TV, the talks between Lebanon and Israel held in Florida, USA, have ended without a breakthrough. Israel insists on participating in monitoring Hezbollah's disarmament, while Lebanon rejects this demand and advocates that an independent international mechanism verify the removal of Hezbollah's weapons. The sources said the US side has held separate consultations with the Lebanese and Israeli delegations to resolve their differences.
Trump accuses Iran of faking Hormuz attack as oil tops $113.
According to CoinWorld news, Trump accused Iran of fabricating ship attacks and naval mine incidents in the Strait of Hormuz in order to drive up oil prices, which have already climbed above $113 per barrel. Iran warned that if commercial vessels continue to use the U.S.-backed South Oman corridor, it will attack U.S. bases in the region. As tensions in the Middle East escalate, Bitcoin fell nearly 4% within 24 hours, hitting a low of $81,273. Trump said on social media that Iran is fabricating false attack reports to drive up oil prices ahead of the U.S. midterm elections, and reiterated that Iran must never be allowed to obtain nuclear weapons.
Musk says AI and robots could make traditional currency obsolete
According to CoinWorld news, Musk stated that artificial intelligence and robots can, and value will shift to energy, electricity, and matter, thereby making traditional currency obsolete.
Valero Energy reports record quarterly profit amid supply disruptions.
Valero Energy, a refiner, kicked off the U.S. refining earnings season by reporting the highest quarterly profit in its history, beating Wall Street expectations. This was mainly driven by fuel supply disruptions caused by the wars in Iran and Ukraine, which pushed up profit margins in the third quarter. Diesel prices used in manufacturing and agriculture have hit record highs, and gasoline prices remain elevated, putting pressure on consumers and Trump's Republican Party, especially as the midterm elections approach. Valero said its refining margin per barrel processed nearly tripled to $39.24 in the quarter, and adjusted operating profit from its refining business surged more than 400% year over year to $8.8 billion.
Bitcoin's market capitalization share stands at 59.48%.
CoinWorld data: Under CoinWorld's unified market methodology, Bitcoin's market capitalization accounts for 59.48% of the total cryptocurrency market capitalization.
Coinbase fined $3.6 million in Ireland over fund protection issues
Coinbase's Irish branch has been fined approximately $3.6 million by the Central Bank of Ireland for failing to properly safeguard customer funds. This is the second enforcement action by the regulator against the exchange's European operations in less than a year. The regulator said Coinbase Ireland was fined €3,252,618 for breaching the safeguarding and outsourcing rules under Ireland's electronic money regulations. The fine reflects a 30% discount on a €4,646,597 penalty. The penalty is still subject to confirmation by the Irish High Court before taking effect. The regulator found three major failures in Coinbase's safeguarding of funds: over-reliance on its U.S. parent company to handle safeguarding processes under Irish and EU rules, a lack of sufficient local expertise to oversee the safeguarding of customer funds, and chronic underfunding of its designated safeguarding accounts. The regulator also noted problems with the company's internal controls and a failure to report material safeguarding changes to the regulator. Coinbase Ireland acknowledged the violations.
Bitcoin hash rate reaches a seven-month high above 1 ZH/s
According to data from Bijie.com, the Bitcoin hash rate has reached above 1 ZH/s, hitting a new high in seven months. Although major miners are shifting computing power toward AI, mining competition continues to intensify.
Pump.fun adds take-profit and stop-loss order functionality for EVM chain trading.
According to CoinWorld news, the meme coin issuance platform Pump.fun added take-profit and stop-loss order functionality for trading on EVM chains on October 23, covering networks such as Robinhood, BSC, Base, Hyperevm, Arc, and Ink.