AC Questions Ethereum Foundation Funding Allocation, Claiming No Assistance While Developing on Ethereum

On October 21st, as per Cointelegraph, Growler Mining, which is Argo Blockchain's largest creditor, is set to take over this struggling cryptocurrency mining company through a "debt-to-equity" swap. As a result, existing shareholders will only be left with a minuscule portion of the company's equity. According to the restructuring documents filed under the UK Companies Act, Growler will convert approximately $7.5 million of secured debt into equity and provide new funding in return for an 87.5% stake in Argo post-restructuring. Argo's $40 million unsecured bondholders will collectively obtain a 10% stake, while the existing shareholders will hold only a 2.5% stake. This court-supervised restructuring plan, named "Project Triumph," is intended to avoid bankruptcy and maintain the company's Nasdaq listing status.

October 21st: As per The Block, Printr, which is the first project incubated and supported by Bybit Venture Studio, has managed to secure a total of $4.5 million in funding. The startup is gearing up to officially launch its token Launchpad platform that is independent of specific chains. It is reported that Printr is constructed based on cross-chain communication protocols like Axelar and LayerZero, enabling users to concurrently launch meme coins on various blockchains such as Base, BNB Chain, Ethereum, Mantle, and Solana. The project aims to tackle the issue of liquidity fragmentation and assist token creators in accessing a diverse crypto ecosystem.

On October 21st, according to market data, the price of the Binance Alpha current Bluwhale (BLUAI) airdrop coin is presently at $0.03, and its market capitalization is $37.66 million. Each eligible user is able to obtain 1600 BLUAI tokens through the airdrop. Based on the current price, the individual earnings from this airdrop event are estimated to be approximately $48.

On October 21st, based on HTX market data, Bitcoin saw a rebound and surpassed $108,000. It is now trading at $108,800 and has increased by 1.1% within 20 minutes.

On October 21st, a Reuters survey of economists conducted from October 15th to 21st indicated that the Federal Reserve is projected to lower interest rates by 25 basis points in the coming week and in December. Nonetheless, there remains a notable disparity of viewpoints among economists regarding the interest rate level by the end of next year. A month prior, economists had anticipated only one rate cut this year. But this new forecast follows a recent transformation in expectations among Fed policymakers towards more rate cuts. Among 117 economists, with the exception of two, all predict that the Fed will again cut interest rates by 25 basis points on October 29th, reducing the rate to 3.75%-4.00%. Two economists anticipate a 25 basis point cut in October and a 50 basis point cut in December. The proportion of economists expecting another rate cut in December has decreased to 71%. Financial market traders are more certain, as interest rate futures contracts have fully factored in

On October 21st, the cryptocurrency company Ripple Labs Inc. is engaged in discussions to lease high-rise space within Brookfield Group's new London skyscraper. In the event that the deal is successfully concluded, they will establish their presence in one of the most costly office regions within the current London financial district. According to sources, Ripple intends to lease approximately 90,000 square feet (8,361.3 square meters) of office space in the Leadenhall Building located in London's financial district. Developed by Brookfield, this 35-story building is reportedly being offered at a rental rate of ￡140 per square foot ($187.33), thereby becoming one of the priciest office spaces in the financial district, on a par with rental levels in the Mayfair upscale area. Given that the negotiations are not made public, the individuals involved have requested anonymity. Ripple has more than 900 employees across 15 offices worldwide and offers digital asset payment and custody serv