Author: Deep Tide TechFlow
Market Dynamics Yesterday
High-Frequency Intent Execution Layer Aori Announces Cooperation with Full-Chain Rollup Network Initia
According to official news, high-frequency intent execution layer Aori announced a partnership with full-chain Rollup network Initia. The two will collaborate to establish an intertwined liquidity layer for atomic settlements, liquidity aggregation, etc., and create a more efficient market for thousands of application chains.
Previously reported, Initia announced the completion of $14 million in Series A funding and $2.5 million in community round funding, and plans to launch the mainnet and TGE in the next two months.
Movement Labs Announces Support for ERC-3643 and Joins ERC3643 Association
According to official news, the core development team of the Move virtual machine public chain Movement Network, Movement Labs, announced support for ERC-3643 and joined the ERC3643 Association. This is reportedly the first time the ERC-3643 standard has been expanded beyond the Ethereum Virtual Machine (EVM) ecosystem to further meet the market's demand for high-throughput solutions and alternative programming paradigms.
It is reported that ERC-3643 is an identity-based permissioned token standard that has become the industry standard in the field of real-world asset (RWA) tokenization and has been adopted by institutions such as Citibank and Dutch Bank. Movement Network uses the Move programming language and can process over 160,000 transactions per second.
Matrixport: Bitcoin Dominance Rises to 58%, Altcoin Boom Delayed
Matrixport released a research report stating that Bitcoin's market dominance continues to climb, now reaching 58%, indicating that the altcoin boom has yet to arrive. Although there are over 20,000 cryptocurrencies on the market, the focus remains highly concentrated on Bitcoin. Bitcoin's dominance indicates that ETF capital inflows have little impact on altcoins, while also suggesting that retail investors have not yet entered the market on a large scale.
Bitcoin trading volume has doubled from $10 to $20 billion in 2023 to $20 to $40 billion, further highlighting Bitcoin's increasing influence. From a risk-adjusted perspective, Bitcoin remains one of the most attractive trades in the current cryptocurrency market.
a16z Founder: The Birth of GOAT is the First True Fusion of AI and Cryptocurrency
a16z founder Marc Andreessen discussed the origins of Truth Terminal and the creation process of Meme Coin GOAT in a podcast. He described how the AI robot began promoting the GOAT meme and then created a Meme token for it, which quickly grew in valuation to $500 million. Andreessen described this as the first true fusion of AI and cryptocurrency.
Anthropic Launches Controllable AI Entity That Can Perform Tasks in Various Software Environments and the Real-Time Internet
On October 23, according to Jin10 data, AI startup Anthropic, supported by Amazon, announced a major breakthrough in the AI field: the AI entity it developed can operate computers like humans and complete complex tasks. Anthropic's Claude is one of the chatbots similar to OpenAI's ChatGPT and Google's Gemini.
It is reported that this new feature is an upgrade to Claude 3.5 Sonnet. The upgraded AI model has 'computer usage capabilities', allowing it to interpret screen information, click buttons, input text, browse websites, and perform tasks across various software environments and the real-time internet.
The U.S. SEC Approves Multiple Bitcoin ETF Options for Trading, with a Position Limit of 25,000 Contracts
According to Crowdfund Insider, the U.S. Securities and Exchange Commission (SEC) approved multiple Bitcoin ETF options products for listing on Cboe and NYSE American exchanges.
Cboe Approved for Options Listing of Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB); NYSE American Approved for Options Listing of Grayscale Bitcoin Trust ETF (GBTC), Grayscale Bitcoin Mini Trust (BTC), and Bitwise Bitcoin ETF (BITB). Previously, the SEC approved options trading for BlackRock's iShares Bitcoin Trust (IBIT).
Ethereum's balance ratio on centralized exchanges continues to be lower than that of Bitcoin, indicating holders' preference for self-custody.
According to analyst Leon Waidmann, glassnode data shows that the balance ratio of Ethereum on centralized exchanges continues to be lower than that of Bitcoin. As of October 18, 2024, the balance ratio of Ethereum on exchanges is 10.415%, while Bitcoin's is 15.073%.
This trend indicates that compared to Bitcoin holders, Ethereum investors are more inclined to choose self-custody methods to safeguard their assets.
Moonshot 24-Hour Trading Volume Ranking: ACT, GNON, and SLOP in the Top Three
On October 23, according to Dune panel data, the Moonshot 24-hour Meme Coin trading volume ranking is as follows:
ACT: $145,600;
GNON: $134,100;
SLOP: $124,600;
SHOGG: $105,100;
GOAT: $94,100;
FARTC: $59,000;
FWOG: $32,900;
FLOYD: $16,400;
RBT: $10,900;
KIRI: $10,800.
Arkham: Tesla Transferred $770 Million in Bitcoin Last Week, Possibly for Internal Wallet Adjustment
On October 23, crypto analysis platform Arkham posted on X, stating that Tesla's Bitcoin transfer last week was an internal wallet adjustment, and these Bitcoins still belong to Tesla. Tesla transferred all 11,509 Bitcoins (approximately $776.9 million) to seven new wallets, each holding between 1,100 to 2,109.3 Bitcoins.
Arkham points out that all receiving wallets received test transactions, with all but one holding whole Bitcoin. There is speculation that this transfer may be to a custodian, such as obtaining a loan secured by Bitcoin.
Market Dynamics
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