Headline.
TradingView data shows that BTC market share has exceeded 60%.
TradingView data shows that BTC market share has exceeded 60% (currently 60.08%), up 16.43% this year.
BTC briefly rose to 73,650 USDT early this morning before falling back, just 130 USDT away from the historical high.
OKX market shows that BTC briefly rose to 73,650 USDT early this morning before falling back, just 130 USDT away from this year's high of 73,787.1 USDT.
The total market value of Memecoins on Solana has exceeded $12 billion, setting a new record.
According to Solana Floor monitoring, the total market value of Memecoins on Solana has exceeded $12 billion, setting a new record. Among them, WIF ranks first in Solana Memecoin market value with $2.65 billion, followed by: POPCAT ($1.7 billion), BONK ($1.51 billion), MEW ($890 million), GOAT ($630 million), BOME ($613 million).
Industry news.
U.S. September JOLTs job vacancies at 7.443 million, expected 8 million, previous value revised to 7.861 million.
According to market news, U.S. September JOLTs job vacancies are at 7.443 million, expected to be 8 million, and the previous value has been revised from 8.04 million to 7.861 million. (Golden Ten)
Poll: Harris's lead over Trump has further narrowed, leading by just one percentage point.
Reuters/Ipsos poll on Tuesday shows that in the final phase of the U.S. presidential campaign, Harris's lead over Trump has narrowed further, leading by just one percentage point at 44% to 43%. (Golden Ten)
The U.S. Treasury's new financial inclusion strategy does not mention the role of cryptocurrencies.
The U.S. Treasury has developed a new financial inclusion strategy to help people access the financial system, but this 35-page report mentions cryptocurrency only once, to promote the Treasury's work in marking the industry's hazards. Although Vice President Harris stated during her campaign that she would encourage cryptocurrencies as part of her economic agenda, the current government she serves has maintained distance from digital assets, which may be the Treasury's last mention of cryptocurrencies before next week's elections.
Biden thanks Nigerian President for spearheading the release of Binance executive Tigran Gambaryan.
According to a statement from the White House, President Biden called Nigerian President Bola Tinubu on Tuesday to thank him for his leadership in ensuring the release of American citizen and Binance executive Tigran Gambaryan for humanitarian reasons last week.
Project news.
Jito will launch the first phase of Restaking on October 30, with an initial deposit cap of $25 million.
Jito officially announces that the first phase of Restaking will start at 15:00 UTC on October 30, with a deposit window opening at that time. Users can deposit through the Jito Restaking homepage or front ends provided by Renzo, Kyros, and Fragmetric. The initial deposit cap is set at $25 million, which will gradually increase in the coming weeks.
USDC Treasury destroyed 50 million USDC on the Ethereum chain.
According to Whale Alert monitoring, around 20:22 Beijing time today, USDC Treasury destroyed 50 million USDC on the Ethereum chain.
Crypto wallet MetaMask developer Consensys lays off 20%.
Crypto wallet MetaMask developer Consensys announces a 20% layoff, affecting about 160 employees. The company's founder and CEO Joe Lubin announced this in a blog post, attributing the layoffs to macroeconomic headwinds and legal expenses from the company's long-standing battle with regulators. Consensys previously sent an open letter to future U.S. presidents calling for clear and supportive regulations for cryptocurrencies and Web3. The letter stated that regulatory decisions need to be transparent to keep the U.S. competitive globally while addressing consumer protection and illicit activities. They believe that the uncertainty of U.S. regulation hinders the development of blockchain technology. The company noted that despite the global adoption of decentralized platforms, there is a lack of a comprehensive framework. (Fortune)
Binance will launch Binance Wealth, aiming to support wealth managers and their high-net-worth clients.
According to the official announcement, Binance will launch Binance Wealth, aimed at supporting wealth managers and their high-net-worth clients interested in expanding their cryptocurrency investment layout, primarily catering to the needs of wealth managers, further connecting traditional markets and crypto markets, encouraging institutions and private wealth to invest more in crypto assets. Binance Wealth provides wealth managers with a platform directly integrated within Binance to help them monitor every step of their high-net-worth clients' crypto journey—from KYC/KYB processes to investment consulting.
The Optimism Foundation agrees to grant 25 million OP tokens to Kraken.
The Optimism Foundation agrees to grant 25 million OP tokens to Kraken, a deal finalized around January or February this year, also paving the way for Kraken to use Optimism's OP Stack. Kraken announced last week that it will build a layer two network Ink on top of Optimism's OP Stack blockchain framework.
Tether Treasury minted 1 billion USDT (authorized but unissued) on Tron this morning.
According to Whale Alert monitoring, at 4:43:51 Beijing time today, Tether Treasury minted an additional 1 billion USDT on Tron. Tether CEO Paolo Ardoino commented that this is an authorized but unissued transaction, meaning it will be used as inventory for the next issuance request and on-chain exchange.
The Arena: ARENA token has been deployed and initial airdrop claims are open.
Avalanche ecosystem social protocol The Arena announces on X that ARENA has been deployed today at 7:30, and all initial airdrop allocations can be claimed. ARENA will initially trade on LFJ.
Circle has raised its USDC exchange fees for the second time this year.
In less than a year, Circle Internet Financial Ltd. has raised its fees for USDC exchanges for the second time.
Visa collaborates with Coinbase to provide real-time cryptocurrency purchase services via debit cards.
Visa Inc. collaborates with Coinbase Global Inc., allowing Visa customers with eligible debit cards to deposit funds into their Coinbase accounts (sometimes instantaneously).
dYdX Trading reduces its core team by 35%.
According to the official announcement, dYdX Trading has reduced its core team by 35%. CEO and co-founder Antonio Juliano stated: 'The decision was made because we realized that the company we built differs from the company dYdX must become. We will move forward with clarity and new passion. We will create amazing products.'
Person * Voice.
VanEck executive: U.S. elections, changes in money supply, and developments in Bitcoin mining drive Bitcoin prices up.
VanEck digital asset research director Matthew Siegel stated that Bitcoin's recent rise seems to be related to political changes and global economic concerns. Siegel pointed out that factors such as the upcoming U.S. election, changes in the money supply, and international developments in Bitcoin mining have influenced recent price trends.
Coinbase CEO: The next SEC chairman should withdraw all meaningless cases and apologize to the American people.
Coinbase CEO Brian Armstrong posted on X stating: 'The next SEC chairman should withdraw all meaningless cases and apologize to the American people. This will not cause the nation the damages it deserves, but it will initiate the process of restoring people's trust in the SEC as an institution.'
CZ ranks 16th on the Hurun Rich List with a wealth of 135 billion yuan.
According to the latest release from Hurun Research Institute (2024 Hengchang Shaofang · Hurun Rich List), CZ ranks 16th with a personal wealth of 135 billion yuan, an increase of 90 billion yuan from last year.
ai 16 z whale: Previously bought 17% of the supply for 80 SOL, will donate 11% to support the development of DAO.
Whale Elijah Madonia, holding 16% of the supply of ai 16 z, posted on X reviewing his early experience of purchasing ai 16 z. Elijah stated that he initially bought 17% of the supply of ai 16 z for 80 SOL, and later sent some tokens to ai 16 z founder Shaw and another team member because 'they didn't even have the chance to buy themselves'. Elijah later distributed some tokens to friends at a discounted price, hoping to share the profits.
Nomura warns: The market has overly hedged against Trump trades, which may lead to 'Harris surprises'.
Nomura's managing director and cross-asset macro strategist Charlie McElligott warns in the latest report that in recent weeks, the market has overly hedged against the outcome of Trump and the Republican Party winning both houses of Congress, which could lead to Harris's approval ratings being higher than expected and an electoral deadlock, posing reversal risks for various assets. This is due to the massive issuance by the U.S. Treasury in the early fiscal year 2025, including $70 billion in five-year U.S. Treasury bonds, $69 billion in two-year Treasury bonds, and $44 billion in seven-year Treasury bonds, along with the JOLTS report disclosing job vacancies in the U.S., the latest refinancing announcement from the Treasury, personal consumption expenditure (PCE), non-farm payroll (NFP) data, the U.S. presidential election day, and the Federal Reserve's monetary policy committee FOMC meeting in November. (Zerohedge)
DWF Labs: Has terminated the position of a partner accused of drugging women.
Regarding today's incident involving a DWF Labs partner accused of drugging women, DWF Labs officially posted on X: We have noted recent allegations regarding one of our partners, involving inappropriate and unacceptable behavior, which is deeply concerning. Although this matter is still under investigation, DWF Labs has decided to immediately terminate this partner's management and operational roles. According to @hananotsorry Hana's X account, on the evening of October 24, a DWF partner put unknown drugs into her drink multiple times at a bar in Hong Kong, and she was rescued after being alerted by the staff.
Investment and financing.
AI startup Sierra raises $175 million at a valuation of $4.5 billion.
AI startup Sierra Technologies, founded by OpenAI board chairman Bret Taylor and former Alphabet (GOOGL.US) executive Clay Bavor, has completed $175 million in financing, reaching a valuation of $4.5 billion, led by Greenoaks Capital Partners, with Thrive Capital, Iconiq Capital, and existing investors participating. This deal represents a significant jump in the company's valuation; earlier this year, it was valued at close to $1 billion.
Stablecoin project CAP Labs completes $1.9 million Pre-Seed round of financing, with participation from Kraken Ventures.
Stablecoin project CAP Labs announces on X the completion of $1.9 million Pre-Seed round financing, with participation from Kraken Ventures, Robot Ventures, ANAGRAM, ABCDE Labs, SCB Limited, among others. CAP Labs is building a scalable crypto-native stablecoin that can provide users with various crypto-native yields, including MEV, arbitrage, and other types of yields. Its mainnet is planned to launch in the first quarter of 2025.
Talent Protocol received strategic investment from the Base ecosystem fund.
Web3 talent market protocol Talent Protocol announces on X that it has received strategic investment from the Base Ecosystem Fund (led by Coinbase Ventures). After a year of collaboration, Base is increasing its investment in both parties' cooperation. The TALENT token will be launched on the Base chain tomorrow.
Crypto insurance brokerage Native raised $2.6 million in seed funding, led by Nexus Mutual.
Crypto insurance brokerage Native has received $2.6 million in seed funding led by Nexus Mutual. Native will provide $20 million in on-chain insurance and operate a fund pool on Nexus Mutual. Nexus Mutual's insurance alternatives can also be obtained through several major protocols on Coinbase's second-layer network via a product called Base DeFi Pass. Since its establishment in 2019, Nexus Mutual has insured approximately $5 billion in crypto assets and paid out $18 million in claims. (Coindesk)
Bitcoin re-staking protocol PumpBTC completes $10 million seed round financing, led by SevenX Ventures and Mirana Ventures.
Bitcoin liquidity staking platform PumpBTC announces completion of $10 million seed round financing, led by SevenX Ventures and Mirana Ventures, with participation from well-known institutions such as UTXO and Mantle Ecosystem Fund, and attracted several industry partners including Quantstamp and Veda.
Community-oriented Web3 content platform Libraro completes Phase 1 seed round financing, led by Ayre Ventures.
Community-oriented Web3 content platform Libraro announces the completion of seed round financing (Phase 1), led by Ayre Ventures, with specific financing amounts and valuation information not disclosed. The new funds will be used to expand its Web 3 loyalty program and on-chain author identity features, prevent copyright infringement, and improve the transparency of content ownership and publishing rights. (bebeez)
Security incident.
Truth Terminal founder X's account suspected of being hacked and promoting new token $IB.
Truth Terminal founder Andy Ayrey announced on X the launch of a new token $IB, with his account suspected of being hacked.
Yuxian: Keystone X account hacked, beware of phishing risks.
Slow Mist Yuxian warns that the Keystone X account was hacked, be cautious of any information released (including private messages), and beware of phishing attacks.
