The long holiday is over, and it’s the first day of work. We were overwhelmed by the surge of the A-share market next door, but many important events that deserve attention still happened in the 24/7 crypto field this week. BlockBeats has compiled the important news worthy of attention during the holiday for readers as follows.
HBO to release documentary film attempting to uncover Satoshi Nakamoto's identity
On October 4, documentary producer Cullen Hoback and HBO announced the upcoming documentary film (MoneyElectric: The Mystery of Bitcoin) that attempts to decipher the identity of Satoshi Nakamoto. (MoneyElectric: The Mystery of Bitcoin) will be broadcast on HBO on October 8. The film interviews people who claim to have been in close contact with the founder after the release of Bitcoin. It indicates that Satoshi Nakamoto may not be one person, but a group of people. However, the trailer does not provide enough information to reveal the identity of Satoshi Nakamoto.
Related reading: (The biggest mystery in the cryptocurrency world will be revealed this week? Who is Satoshi Nakamoto?)
The film is directed by Emmy Award nominee Cullen Hoback, director of (Q: Into the Storm). Currently, users on Polymarket believe that Len Sassaman will be the "Satoshi Nakamoto" revealed in this documentary. It is reported that Len Sassaman committed suicide in 2011 after struggling with depression. Because he has long published academic works on cryptography, which often show his firm ideological commitment to privacy and decentralization, some people think he is Satoshi Nakamoto.
MOODENG on Ethereum has risen sharply, meme donations to charity have become a new way of publicity
On October 5, the market value of the Meme coin MOODENG on the Ethereum chain exceeded $11 million. The surge was caused by Ethereum co-founder Vitalik Buterin selling 11.76 billion MOODENGs through KyberSwap in exchange for 21.033 ETH (about $50,900). On October 7, Vitalik's address sold another 10 billion MOODENGs for 308.69 ETH (US$762,000) and transferred 260.16 ETH (US$642,000) to the charity Kanro.
Ethereum co-founder Vitalik Buterin posted on social media that “Any tokens sent to me will be donated to charity (thanks Moodeng, the 10 billion tokens received today will be donated to the prevention and treatment of airborne disease technology), but I would rather donate the tokens directly to charity, and perhaps set up a DAO to allow the community to directly participate in decision-making and processes.”
Bybit launches global mainstream market index trading services
On October 3, Bybit announced that in order to enhance the user's trading experience on MetaTrader 5 (MT5), users will have access to index trading from October 2, 2024, thereby expanding opportunities in the global market. Users can access 17 global mainstream market index CFDs including FTSE China A50, Dow Jones Index, Nasdaq 100 Index, and Nikkei 225 Index.
Through index trading, users can participate in the performance of major markets in the global economy. Indices such as FTSE China A50 and Nikkei 225 represent the situation in the Asian market, while Dow Jones and Nasdaq 100 reflect the economic dynamics of the US market. For investors who pay attention to global economic trends, this is an efficient way to gain global market exposure.
Bybit's addition of index trading means that it is transforming from a pure cryptocurrency exchange to a more comprehensive investment platform, attracting more types of investors, especially those who are accustomed to the stock and foreign exchange markets, which will help improve Bybit's market competitiveness. For traders, they can not only operate in the cryptocurrency field, but also get involved in the volatility of traditional markets, thereby enhancing risk management capabilities and creating more profit opportunities.
It is reported that MetaTrader 5 is a popular online trading platform designed for foreign exchange, stock and delivery contract trading. It provides advanced functions, technical analysis tools and automatic trading functions, suitable for experienced traders. BlockBeats Note: The full name of CFD is Contract for Difference. Through this form of trading, investors do not actually own the underlying assets, but hold positions on the rise and fall of their prices.
"Big Mouth Cat" POPCAT's market value hits a new high
On October 7, the Solana on-chain meme coin POPCAT broke through $1.46, reaching a record high of $1.42 billion in market value. As of writing, POPCAT’s market value is $1.21 billion, ranking seventh in the meme coin sector.
On October 5, Andrew Kang, co-founder and partner of crypto venture capital firm Mechanism Capital, posted on social media, “It looks like @MustStopMurad’s speech at Token2049 has catalyzed the next wave of capital reallocation into Meme coins. Popcat appears to be one of the beneficiaries of these capital flows and is now undergoing price discovery. The four major Meme coins that are preparing to join this cycle are BONK, WIF, PEPE, and FLOKI.”
Musk all in Trump
On October 5, the campaign team of former US President and Republican presidential candidate Trump said that Trump will return to Butler, Pennsylvania on October 5 local time to hold another campaign rally. Since Trump encountered the first "attempted assassination" incident at a campaign rally in Butler on July 13, he has stated several times that he will return to Butler for another rally.
On October 6, Trump and Musk returned to Butler, Pennsylvania, and held a campaign rally. The two spoke together, and multiple series of MEME tokens rose. Musk also posted a message on the social platform "Make America Based Again".
Musk updated his Twitter profile to "Read @America to understand why I'm supporting Trump for President" and updated the profile link to the "American Political Action Committee" website. @America is a newly created account, which is the propaganda channel of the American Political Action Committee, aiming to support key values and leaders who fight for them, such as secure borders, reasonable spending, urban safety, and a fair judicial system.
Other important news
EIGEN hit $4.94 on Binance before falling back to $4.13
According to market data, on October 1, EigenLayer (EIGEN) hit a high of $4.94 at the opening on Binance and then fell back. It is currently quoted at $4.13, with a trading volume of $21 million on Binance and a chain trading volume of $12.4 million.
Coinbase Adds io.net (IO) and Degen (DEGEN) to its Listing Roadmap
On October 2, according to the official announcement, Coinbase included io.net (IO) and Degen (DEGEN) in its coin listing roadmap.
Upbit will launch Wormhole (W) KRW, BTC, USDT trading pairs
On October 2, according to the official announcement, Upbit will launch the Wormhole (W) Korean Won, BTC, and USDT markets, which are expected to be launched at 19:00 on October 2 (Korean time).
Grayscale launches Aave Trust
On October 3, Grayscale’s head of product and research, Rayhaneh Sharif-Askary, said in a statement: Grayscale has launched a new fund that provides investment in Aave’s AAVE token.
Source: FTX is looking to sell 22.3 million locked WLD at a significant discount
On October 3, The Block reported, citing sources, that FTX is seeking to sell 22.3 million locked WLD at a discount, currently worth approximately US$37.7 million. The sale is part of the agency's ongoing efforts to recover funds for creditors.
Visa launches VTAP, a tokenized asset platform
On October 4, according to official news, Visa launched the Visa Tokenized Asset Platform (VTAP), which will help banks issue fiat-backed tokens. BBVA will use VTAP to create tokens on the public Ethereum blockchain, and is expected to conduct a live pilot in 2025. The VTAP solution is available on the Visa developer platform for participating financial institution partners to create and experiment with their own fiat-backed tokens in the VTAP sandbox.
Bitwise to launch Bitcoin and Treasury bond rotation strategy ETF (BITC)
On October 5, Bitwise is converting its three futures-based ETFs into a single ETF, with the conversion expected to take place on December 3. Bitwise announced on Friday the launch of the Bitwise Trendwise Bitcoin and Treasury Rotation Strategy ETF (BITC), which combines the Bitwise Bitcoin Strategy Optm Roll ETF (BITC), the Bitwise Ethereum Strategy ETF (AETH), and the Bitwise Bitcoin and Eth Eq Wgh Str ETF (BTOP).
IntoTheBlock: Ethereum mainnet fees hit a record low after Dencun upgrade, ETH turns to inflation
On October 6, according to IntoTheBlock data, after the Dencun upgrade, Ethereum mainnet fees hit a record low as L2 transactions surged. EIP-4844 cut L2 costs by 10 times, driving a record number of transactions. However, due to the reduction in the number of Ethereum destruction, ETH has turned from deflation to inflation.
BGB rebounded to $1.2, and once plunged into a pin and "cut in half"
On October 7, according to Bitget market data, BGB rebounded to $1.2 and is now quoted at $1.1, a 24-hour increase of 4.43%. Previously, BGB once plunged downward to $0.5344, a short-term drop of more than 50%.
Ethereum community launches new proposal EIP-7781, aims to increase throughput by 50%
A new Ethereum Improvement Proposal (EIP) will reduce Ethereum’s block times by 33% and increase data capacity — thereby increasing overall throughput by 50%, developers claimed on Oct. 7. Introduced on Oct. 5 by Illyriad Games co-founder Ben Adams, EIP-7781 aims to reduce block times on the Ethereum network from the current 12 seconds to 8 seconds, increase rollup-based latency, and increase the capacity of blobs (a temporary data structure used to reduce fees on the Layer 2 network).
