Today, the crypto market saw a surge.
Bitcoin is approaching a high of $64,000, and Ethereum is at $2,500.
Altcoins rose by about 10% overall. Among them, the MEME coin sector performed the strongest, with NEIRO rising by 50%, while PEPE, WIF, and BONK also rose by 15% respectively.
The MOODENG project on the Ethereum chain increased more than 4 times in one day. Although it has since pulled back, the overall trend remains strong.
In addition, Musk announced on the X platform that he had created a political action committee (PAC) to support Trump's campaign for the US presidency. This also led to a rise in PAC tokens related to the US election.
At present, the market's attention and funds are mainly focused on the hype of the MEME sector.
The current state of the industry is that the popularity of a chain often depends on whether someone launches a new MEME project on it and attracts a large number of participants, thereby creating a wealth effect.
From the perspective of the MEME project, various public chains, inscriptions, runes, etc. are just issuance tools and carriers of MEME tokens.
The news worth noting is:
1. Trump and Musk team up to promote
As the 2024 U.S. presidential election enters its final stage, Trump returned to the city of Butler County, Pennsylvania, on October 5. This is where he was nearly shot three months ago.
At this convention, Trump continued his speech which was interrupted by the shooting on July 13, and opened with a quote from that time: "As I said...", which instantly ignited the enthusiasm of his supporters.
Musk also appeared at the conference and expressed his support for Trump.
He praised Trump's resilience after the shooting, saying: "This is a man who showed courage in the midst of a hail of bullets!"
At the same time, he also mocked the current President Biden: "We have a president who can't climb stairs, but we have another president who raised his fist to fight even after being shot. So, who do you want to represent the United States?"
Musk reminded supporters of the importance of this election: “This is the most important election.
They want to take away your weapons, they want to take away your freedom of speech, they even want to take away your right to have a fair election.”
He stressed the importance of free speech: "Free speech is the cornerstone of democracy! That's why it's the First Amendment!"
Finally, Musk called on the public to take action: "President Trump must win the election to protect the Constitution! Register to vote immediately and get everyone you know to vote! Send them a text message now! Nothing is more important than this!"
He encouraged the crowd to shout: "Fight, fight, fight! Vote, vote, vote!"
To show his support, Musk also changed his Twitter profile and profile picture to a personal photo with elements of the US election.
Trump’s chances of winning the 2024 U.S. presidential election have risen to 51%, surpassing Harris’ 48%, according to prediction market Polymarket.
It can be seen that the US presidential campaign has entered a white-hot stage, and Musk's public campaign for Trump has further increased Trump's chances of winning.
If Trump is elected, it will be a big boon to the crypto market, and combined with the interest rate cut policy, the market may see a wave of gains by the end of the year.
2. The mystery of Satoshi Nakamoto’s origin may be revealed
The American HBO channel will launch a documentary (Money Electronics: The Mystery of Bitcoin) directed by Karen Hoback on October 8.
Based on the trailer, many American netizens believe that this documentary may reveal the true identity of Bitcoin founder "Satoshi Nakamoto".
On the prediction website Polymarket, netizens have placed bets on this topic through smart contracts. So far, the total amount of bets has exceeded $380,000.
Surprisingly, 63.5% of netizens believed that the unknown "small town youth" Len Sassaman might be "Satoshi Nakamoto", while Harold Finney, an American software engineer who has always been regarded as a popular candidate, only received 12.4% support.
Meanwhile, AI tools from OpenAI, Google and Microsoft predicted that Finney would be revealed as Satoshi Nakamoto in a documentary.
So, who is Len Sassaman?
Len is a true cypherpunk, talented, uninhibited and idealistic.
He has dedicated his life to defending individual freedom through cryptography, participated in the development of PGP encryption and open source privacy technology, and studied P2P networks under the guidance of blockchain inventor David Chaum.
He is a pillar of the hacker community and a friend and influencer to many important figures in information security and cryptocurrency history.
Len was said to be on track to become one of the most important cryptographers of his time, but after a long battle with depression and functional neurological disorders, he tragically committed suicide on July 3, 2011 at the age of 31.
Why do people think Len Sassaman might be Satoshi Nakamoto?
Evan Hatch, founder of Worlds.org, published an article in 2021 introducing the life of Len Sassaman and the similarities between him and Satoshi Nakamoto.
He believes that Len Sassaman is most likely Satoshi Nakamoto, the direct contributor to Bitcoin.
According to investigations by US media, the possibility that Sassaman is "Satoshi Nakamoto" has gradually been discovered.
First of all, judging from his daily routine and word choice, "Satoshi Nakamoto" is likely to be in Europe, and Sassaman fits this description perfectly in Belgium.
Satoshi Nakamoto once mentioned in a post that "the difficulty of mining increased yesterday." If he lived in the United States, this time zone would not match the statement of "yesterday."
In addition, the main research circle of encryption technology is in the United States. "Satoshi Nakamoto" is most likely an American, or at least closely connected with the American academic circle. There are not many people who meet this condition and live in Europe.
What’s even more interesting is that the frequency of “Satoshi Nakamoto” publishing articles surges during the winter and summer vacations, but almost disappears at the end of the spring and fall semesters.
During the weekdays, "Satoshi Nakamoto" is often active in the evening or late at night during the European time period, showing the characteristics of a "night owl".
The most coincidental thing is that two months before Sassaman committed suicide, "Satoshi Nakamoto" suddenly posted: "I have turned to other things and may not be here in the future."
So, in general, Sassaman is very likely Satoshi Nakamoto.
3. UniSat released their fourth quarter roadmap
Plans include activating runes on FB, supporting CAT20, and updating PizzaSwap.
The specific arrangements are as follows:
October: They will activate Rune to support CAT20 recognition and transmission, and launch a marketplace called CAT Marketplace.
November: Planned FB voting, major update of PizzaSwap, and optimizations for brc-20, runes, and CAT20.
December: A technology called zkAtomicSwap will be introduced to enable more efficient transaction exchanges, provide advanced support for the CAT protocol, and make another major update to PizzaSwap.
Recently, Fractal Bitcoin (FB) has not performed well. It fell from a high of $39 to a low of $6.7, a drop of more than 80%.
We can watch these updates from UniSat to see if they can help restore market confidence and attention to FB.
Overall, the market's focus is still on the MEME sector.
Next, we can focus on the US presidential election. If Trump is elected, the market may usher in a relatively large wave of gains at the end of the year.
In addition, today's bargain hunting points and tutorials have been updated. Old friends in the core group can ask the assistant for the link.
To join the core group, you can add v: changjian099. What’s more interesting is that the frequency of “Satoshi Nakamoto” publishing articles surges during the winter and summer vacations, and almost disappears at the end of the spring and autumn semesters.
During the weekdays, "Satoshi Nakamoto" is often active in the evening or late at night during the European time period, showing the characteristics of a "night owl".
The most coincidental thing is that two months before Sassaman committed suicide, "Satoshi Nakamoto" suddenly posted: "I have turned to other things and may not be here in the future."
So, in general, Sassaman is very likely Satoshi Nakamoto.
3. UniSat released their fourth quarter roadmap
Plans include activating runes on FB, supporting CAT20, and updating PizzaSwap.
The specific arrangements are as follows:
October: They will activate Rune to support CAT20 recognition and transmission, and launch a marketplace called CAT Marketplace.
November: Planned FB voting, major update of PizzaSwap, and optimizations for brc-20, runes, and CAT20.
December: A technology called zkAtomicSwap will be introduced to enable more efficient transaction exchanges, provide advanced support for the CAT protocol, and make another major update to PizzaSwap.
Recently, Fractal Bitcoin (FB) has not performed well. It fell from a high of $39 to a low of $6.7, a drop of more than 80%.
We can watch these updates from UniSat to see if they can help restore market confidence and attention to FB.
Overall, the market's focus is still on the MEME sector.
Next, we can focus on the US presidential election. If Trump is elected, the market may usher in a relatively large wave of gains at the end of the year.
