Week in Review

1. FLOKI announced the launch of the asset tokenization platform TOKENFI, and the platform website will be launched on October 27.

🎉Comment: This week, FLOKI launched a sub-coin, which can be obtained by staking the parent coin, and it once exploded. In addition, Memeland has also been launched on Binance and will be launched next month. There is no doubt that the current market does not have a particularly good narrative that can carry a large amount of funds, and Meme coins are first-class in terms of igniting emotions and accommodating funds. The most eye-catching sectors next month are probably the AI ​​sector or the MEME sector, so keep paying attention.

2. Binance will launch POWR U-margined perpetual contracts on October 27.

🎉Comment: Binance launched many u-based contracts for tokens this week, such as GAS, POLYOX, POWR, etc. The common point of these tokens is that the market value is relatively low and they are listed on upbit. Then there are more transactions on bybit, and then bybit will be listed, and then Binance will launch u-based contracts. The three exchanges are linked in a dream. There is no doubt that this round of copycat craze started with upbit. Keep paying attention.

3. The price of MINA on Upbit has risen to $1.45, more than double the premium of mainstream CEX.

🎉Comment: Undoubtedly, Upbit has performed particularly well in the altcoin market this year, and its every move has affected the entire altcoin market. Mina's surge this week because it added a Korean won trading pair from the Korean BTC trading pair is not accidental. Upbit's annual UDC conference is approaching. For the projects participating in the conference, it represents the importance of Upbit to a certain extent. Mina not only participated in the conference, but the founder also gave a speech at the conference, which shows the importance the exchange attaches to it. Continue to pay attention to the status of the UDC conference.

4. The blockchain game Illuvium will release a public beta version in Q1 2024.

🎉Comment: A 3A masterpiece in blockchain games, it has been tested for several rounds and will be launched in Q1 next year. ILV has hundreds of thousands of fans, a good community foundation, the support of the founder of SNX, and many old DeFi OGs. I believe that the game will not be worse than bigtime. After the blockchain game boom in 2021, many games have been developed for a long time. There may be many new games coming online slowly.

5. The chairman of the U.S. SEC refused to disclose the agency's plans for a spot Bitcoin ETF, reiterating that the crypto industry is rife with non-compliance.

🎉Comment: This week, institutions have been using news to manipulate the market, pulling up-down-pulling-down-pulling, and so on. In such a market that is easily manipulated, whether the SEC can approve the spot ETF is still a question, because the reason for rejection in the past was that the market was too easy to manipulate. However, it can be seen that the SEC is actively reviewing the spot ETF. As for whether it can be finally passed, it depends on January. But whether the ETF will eventually pass or not, the future of BTC will come, so there is no need to be pessimistic.