Bitcoin faces resistance at $100,000, market attention shifts to Ethereum and other altcoins.

Author: Deep Tide TechFlow

Market dynamics from yesterday.

The Movement Network Foundation announced the $MOVE token economics, with 60% of the total allocated to the community.

The Movement Network Foundation announced the token economics of its token $MOVE, with a total supply of 10 billion, an initial circulation of about 22%, and 60% of the total will be allocated to the community, including ecosystem and community, foundation, and initial claims.

Specific allocation is as follows:

  • Ecosystem and Community: 40%

  • Initial claim: 10%

  • Foundation: 10%

  • Early Contributors: 17.5%

  • Early Investors: 22.5%

$MOVE tokens will be gradually unlocked over 60 months, and the team and investors cannot participate in staking initially.

The Movement Network Foundation stated that the $MOVE token will undergo TGE on the Ethereum mainnet. After the mainnet launch (coming soon), $MOVE holders can migrate cross-chain to Movement Network. The gas fees of the Movement Network are settled in $MOVE, and the use cases of $MOVE tokens include: economic security staking, gas fees, governance and decentralization, and native assets of Movement Network.

Pump.fun announces indefinite suspension of live streaming feature.

According to DLNews, Pump.fun, the largest Meme coin issuance platform in the Solana ecosystem, announced the indefinite suspension of its live streaming feature. It is reported that the number of live broadcasts on the platform surged 100 times in a week, and some Meme coin creators engaged in inappropriate behavior to promote their tokens. Platform founder Alon stated that hundreds of violating videos have been removed.

The official announcement states: 'Recent events during the platform's live broadcasts have raised concerns. We regret to hear about some users' experiences and take this opportunity to address these issues publicly and directly... To ensure the absolute safety of users, we will indefinitely suspend the live streaming feature on the site until the review infrastructure is ready to handle higher-level activities. In the future, we will publish guidelines to make the rules and regulations for site use more transparent. We will also provide more visibility for creators and users regarding individual review decisions to ensure everyone understands the processes and outcomes.'

Since its launch this year, Pump.fun has issued nearly 4 million Meme coins, accounting for 83% of Solana's token issuance, with daily revenue exceeding $1 million.

Justin Sun invests $30 million in Trump's family cryptocurrency project WLFI, becoming its largest investor.

TRON founder Justin Sun announced a $30 million investment in Trump's family cryptocurrency project World Liberty Financial (WLFI), becoming the largest investor in the project. Justin Sun stated that with Trump's support for Bitcoin, the U.S. is becoming the center of the blockchain industry.

Tim Cook: I have personally held Bitcoin for three years, but Apple has no plans to incorporate cryptocurrency into its business model.

According to CEO Today, Apple CEO Tim Cook revealed in a recent interview that he has held Bitcoin for three years as part of his diversified investments. However, Cook made it clear that this investment is a personal matter and has nothing to do with Apple. Apple has no plans to incorporate cryptocurrency into its business model in the near future or in the future, including payment systems or corporate investment portfolios.

Cook pointed out that while Bitcoin's potential is worth noting, Apple remains cautious about emerging technologies. Currently, Apple focuses on core product lines such as smartphones, computers, wearable devices, and related services, rather than entering the highly volatile cryptocurrency market. At the same time, although Apple allows cryptocurrency wallets and blockchain-related applications on the App Store, it has no plans to further participate directly in the crypto ecosystem.

SynFutures announces the establishment of a foundation and the launch of token F, and will soon conduct TGE and airdrop.

SynFutures announces the establishment of the SynFutures Foundation and the launch of its native token F, with a disclosure of airdrop details and TGE date coming soon. The SynFutures Foundation will be committed to promoting the long-term development of the protocol and achieving joint decision-making through community governance proposals. The F token will be allocated to the community, early supporters and advisors, the foundation treasury, core contributors, protocol development, and liquidity support, with holders entitled to governance voting rights, fee rebates, staking rewards, and additional benefits from the second-quarter airdrop.

MicroStrategy increased its holdings by 55,500 BTC over the past week.

MicroStrategy founder Michael Saylor posted on social media that MicroStrategy has increased its holdings of 55,500 bitcoins at an average price of approximately $97,862, with a total value of about $5.4 billion.

QCP: Bitcoin faces resistance at $100,000, market attention shifts to Ethereum and other altcoins

According to the latest report released by QCP, the cryptocurrency market fell yesterday, with over $100 million in BTC and ETH holdings liquidated on major exchanges, but both remain robust above key support levels of $95,000 and $3,200, respectively.

Despite some pullback over the weekend, the forward volatility remains high. The market expects BTC may maintain a range-bound oscillation before December, while short-term attention shifts to ETH. The ETH risk reversal indicator shows high demand for short-term call options, while the demand for BTC call options is concentrated after December 27, 2024, possibly related to the potential impact of Trump's supportive policies for cryptocurrencies, which are expected to take effect next year.

Recently, the market share of BTC has decreased from 62% to 59%, reflecting a trend of funds gradually shifting from BTC to ETH and other altcoins.

Former Grayscale CEO and OpenAI Chief Product Officer join the Aptos Labs advisory board.

According to The Block, blockchain company Aptos Labs announced that former Grayscale CEO Michael Sonnenshein and OpenAI Chief Product Officer Kevin Weil have joined its advisory board.

Sonnenshein will leverage his analyst experience in traditional financial institutions (such as Barclays, Bank of America, and JPMorgan) and his ten-year leadership at Grayscale Investments to help Aptos promote the institutional adoption of digital assets. Weil plans to utilize his expertise in artificial intelligence to assist Aptos in integrating AI technology into blockchain applications.

Pump Science: URO and RIF are the only official tokens.

Pump Science posted on X stating, 'URO and RIF are the only tokens launched by our team, and any new tokens will be announced here first.'

Market dynamics

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Meme coins dominate half of Solana's trading volume; cool reflections in a hot market.

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