Bitwise CIO: Bitcoin may break $100,000 sooner than expected

Matt Hougan, chief investment officer at asset management firm Bitwise, said Bitcoin could reach six figures sooner than expected, driven by massive institutional inflows into Bitcoin exchange-traded funds (ETFs), an unstable U.S. economy and the U.S. presidential election.

Matt Hougan highlighted factors such as the growing Republican support for cryptocurrencies and inflation concerns that are driving investors toward Bitcoin. With regulatory clarity and supply constraints brought about by the Bitcoin halving, he predicted that Bitcoin prices will surge quickly.

Standard Chartered: Solana Could Rise 400% If Trump Wins the Presidential Election

According to Watcher.Guru, Standard Chartered Bank said that Solana could rise 400% if Trump wins the presidential election.

The total open interest of Bitcoin contracts on the entire network exceeds $40 billion

According to Coinglass data, the total open interest of Bitcoin futures contracts across the network is 584,150 BTC (approximately US$40.08 billion).

Among them, the open interest of CME Bitcoin contracts was 180,750 BTC (about 12.39 billion US dollars), ranking first;

Binance Bitcoin contract open interest was 121,780 BTC (about US$8.36 billion), ranking second.

Musk: $1 million has been given to two Pennsylvania voters who signed the petition

On October 21, Elon Musk posted on Twitter that two Pennsylvania residents had each received a $1 million reward for signing petitions supporting the First and Second Amendments, and that a $1 million winner would be announced every night.

As previously reported, Musk announced at an event in Pennsylvania on October 19 local time that he would randomly give $1 million to a registered voter in Pennsylvania who signed the petition of the America PAC every day from that day to the US election day on November 5. Federal documents show that Musk donated $75 million to the America PAC, which supports Trump's presidential campaign, in the third quarter ending in September.

ApeChain and its official cross-chain bridge are now online

On October 20, according to official news, ApeChain and its official cross-chain bridge have been launched. Users can cross-chain tokens such as ETH and APE into ApeChain.

In addition, the ApeChain core user incentive program will also be launched tomorrow.

dYdX Foundation CEO: The secrets of moat, Trojan horse and flywheel will be revealed tomorrow

Charles d'Haussy, CEO of the dYdX Foundation, said in a post on social media that "at tomorrow's dYdX Day event, speakers will reveal the secrets of moats, Trojan horses, and flywheels."

Stripe acquires stablecoin platform Bridge for $1.1 billion

Payments company Stripe has acquired stablecoin platform Bridge for $1.1 billion, according to TechCrunch founder Michael Arrington.

Bridge is Stripe’s largest acquisition to date and the largest in crypto industry history, raising $58 million from investors at a previous valuation of $200 million.

Bridge provides software that helps businesses accept stablecoin payments, marking an expansion of Stripe’s cryptocurrency adoption efforts.

Data: The total locked value of DeFi protocols reached 89.56 billion US dollars

According to Defi Llama data, the total locked value (TVL) of DeFi protocols reached 89.56 billion US dollars. The top five TVLs are Lido (US$26.26 billion), AAVE (US$13.52 billion), EigenLayer (US$11.65 billion), ether.fi (US$6.591 billion), and MakerDAO (US$6.14 billion).

The current market value of Bitcoin accounts for 54.8%

According to Coingecko data, the current cryptocurrency market value is 2.47 trillion US dollars, with a 24-hour trading volume of 64.526 billion US dollars. The current Bitcoin market value accounts for 54.8%, and Ethereum market value accounts for 13.1%.

The current Bitcoin network computing power is 693.46EH/s

According to BTC.com data, the current Bitcoin network computing power is 693.46EH/s, and the 24-hour transaction rate is 8.2 transactions/s. The current network difficulty is 92.05T, and the next difficulty increase is predicted to be 2.53% to 94.38T, with 2 days left before the adjustment.

Last week's crypto news review | The total asset value of US spot Bitcoin ETF hit a record high

The price of Bitcoin exceeded US$68,000, and US spot Bitcoin ETF holdings hit a record, pushing the fund's total net asset value to US$66.1 billion. Interest in cryptocurrencies among Asian private wealth has grown significantly, with 94% having invested or considering investing. SEC appeals Ripple’s XRP lawsuit, disputing unregistered securities issue. The future development of the Ethereum protocol focuses on decentralization and interoperability. Radiant Capital suffered a cyber attack and lost more than $50 million. The number of USDT users hits a new high, and Tether explores commodity trading opportunities. Hong Kong’s policy address mentioned the development of virtual assets and digital currency.

New highs are just around the corner: the game between Bitcoin and gold!

Despite the recent gains in Bitcoin, it has not yet reached a new all-time high, while gold and the S&P 500 have set new records. The continued depreciation of the yen is seen as a positive sign for risk assets and may drive future gains in Bitcoin. Bitcoin prices have previously been frustrated by rapid gains and market selling pressure, but recent accumulation signs and macroeconomic factors, such as interest rate cuts by Western central banks and political factors, may help it reach new highs.

Are all new coins on the five major exchanges performing poorly? Analysis of opportunities and risks of altcoins amid liquidity exhaustion

This article analyzes the performance of new coins in the five major exchanges (Binance, OKX, Upbit, Bybit, Coinbase) within one month and finds that most new coins perform poorly, and investors often pay for the flight of early investors. In contrast, mainstream currencies such as Bitcoin and Ethereum have performed steadily and attracted more funds. Investors need to be wary of low-circulation projects and focus on project fundamentals and token economics to gain a foothold in the high-risk crypto market.