During the weekend, the liquidity and turnover rate of the crypto market were relatively low due to the fact that institutions were taking a break.

The price of Bitcoin fluctuated around $64,000, while Ethereum hovered around $2,500.

Among altcoins, the MEME sector still performed the strongest, with BRETT, BOME, and WLD all rising by more than 10% against the trend.

In addition, there is a MEME coin project called Goat that performed very well over the weekend, with the highest increase being nearly 10 times.

This project is a bit like TURBO, claiming to be created by an AI robot, taking advantage of the AI ​​craze.

However, this type of on-chain project is very risky and is not recommended for novices to participate because they can easily be scammed.

Now, those who participate in these projects are basically experienced veterans.

For novices, it is recommended to choose some projects that have been listed on mainstream exchanges, which will have relatively lower risks.

1. SpaceX achieves feat by catching returning rocket with a robotic arm

On October 13, SpaceX conducted an unmanned test flight and successfully launched an ultra-heavy rocket called "Super Heavy".

This rocket is the first stage booster of the Starship system. It is 230 feet tall (about 23 stories high) and is equipped with 33 Raptor engines, responsible for sending the Starship into space.

The biggest highlight of this test flight was that SpaceX used a giant robotic arm called "Mechazilla" to successfully catch the "Super Heavy" rocket returning to the ground.

This marks a significant step forward for SpaceX in achieving rapid rocket reuse.

Musk was very excited about this, saying: "We have taken a big step towards achieving multi-planetary life!"

To commemorate this success, Musk also changed his X account profile picture from "Starship Flight 5" to a picture of the "Mechazilla" launch tower.

It can be seen that SpaceX's achievement is not only a technological victory, but also an important step in achieving its long-term space exploration goals.

The reuse of rockets is the key to achieving frequent and low-cost space travel, which lays a solid foundation for future missions to Mars and the Moon.

2. Trump says Musk will serve as "Minister of Cost Cutting"

In an interview with Fox News, U.S. presidential candidate Trump said he plans to stimulate economic growth and create more jobs by attracting more companies to return to the United States and moving manufacturing back to the country.

When talking about the national debt, he mentioned Musk, praising him as a successful businessman who is particularly good at cutting costs.

Trump said Musk wanted to be in charge of a position dedicated to cutting costs and promised to achieve that goal without affecting anyone.

As a result, Trump plans to create a new position called "Secretary of Cost Cutting" and give Musk the position, rather than giving him a traditional cabinet role.

In addition, Trump also mentioned that Musk promised to launch a rocket to Mars before the end of his "second term" and emphasized the need to strengthen the United States' space capabilities.

3. MicroStrategy aims to become a leading Bitcoin bank

MicroStrategy founder Michael Saylor said in an interview that the company's ultimate goal is to become a leading Bitcoin bank.

He believes that Bitcoin is a revolutionary digital asset that can not only effectively fight inflation, but also serve as an excellent tool for long-term value storage.

Saylor noted that Bitcoin's price volatility has attracted investors seeking high returns.

Over time, Bitcoin will become an integral part of institutional and individual portfolios.

He sees MicroStrategy as a Bitcoin bank whose main business is creating financial instruments related to Bitcoin, such as stocks, convertible bonds, fixed income and preferred stocks.

Unlike traditional banks, MicroStrategy does not lend money. Instead, it borrows money at a low interest rate, offers it to lenders at a slightly higher interest rate, and invests the funds in Bitcoin.

Saylor estimates that this strategy will have an average annual return of about 29%.

Notably, MicroStrategy’s stock price has risen 1,620% since it adopted its Bitcoin strategy, far outperforming the gains of Bitcoin, the S&P 500, and major tech stocks.

Saylor also said: “The only thing better than Bitcoin is more Bitcoin…If you want to win, you need a Bitcoin strategy.”

It can be seen that MicroStrategy's strategy is very simple and clear. They buy Bitcoin by issuing bonds.

As long as the funds are insufficient, they raise funds by issuing bonds, which means they can get funds to buy Bitcoin continuously.

4. This week, the increase in Bitcoin spot ETF holdings exceeded the output during the same period

According to HODL15Capital monitoring, the US Bitcoin spot ETF increased its holdings by a total of 4,635 BTC this week, exceeding the BTC production in the same period (3,150).

This shows that the demand for Bitcoin from American investors is very large, resulting in a shortage of supply. According to market laws, when demand exceeds supply, prices usually rise.