#2024

On November 13, 2024, the FBI searched the Manhattan apartment of Shayne Coplan, CEO of the betting platform Polymarket. Agents woke him at 6 a.m. local time, requesting that he hand over his smartphone and other electronic devices.

On November 7, the Fed announced a 25 basis point cut in the interest rate, bringing it to a range of 4.5-4.75%, aligning with market expectations. This move marks the second consecutive reduction in 2024 following a period of sustained high rates.

On November 5, 2024, an attendee of Ethereum Devcon, one of the largest crypto events, was robbed by two criminals in Bangkok.

Sam Altman, OpenAI’s CEO, stated that the next major AI model from the company is unlikely to roll out in 2024. The delay reflects OpenAI’s commitment to focusing on current model development rather than rushing a new launch.

Tether, the issuer of stablecoin USDT, reported $2.5 billion in net profit for Q3 2024. Independent auditing firm BDO confirmed that Tether’s total profit for the first nine months of 2024 reached $7.7 billion, with all declared reserves fully verified.

Ethereum-compatible Layer 1 blockchain Monad is reportedly beginning its testnet rollout, following the recent launch of its devnet—a developer testing phase.

Ethereum Layer 2 solution Linea developed by Consensys is heading towards decentralization. At Devcon 2024, the company announced the Linea Association to oversee the blockchain’s development and governance along with the launch of the LINEA token.

MakerDAO voted to maintain the name “Sky” in connection with the recent rebranding tied to the long-term “Endgame” plan for transforming the protocol. The poll was conducted on November 4, 2024, and about 80% of voters supported the decision to keep the Sky brand.

On November 4, 2024, Semler Scientific—a leader in developing and marketing technology solutions for healthcare providers managing chronic conditions—announced its Q3 financial results.

On November 1, the U.S. Bureau of Labor Statistics released its October 2024 employment update, which sent ripples through the Bitcoin market. The unemployment rate remained steady at 4.1%, in line with expectations.

At Binance Blockchain Week Dubai 2024, Changpeng Zhao (CZ), the former CEO of Binance, joined Altcoin Daily’s Austin Arnold for an introspective “fireside chat.” Reflecting on recent struggles, including his imprisonment, CZ revisited his past missteps, shared key takeaways, and spoke about his new forward-focused vision.