BTC could aim for $74K after consolidation

Hot projects + Market overview

I. Mainstream exchange news

• WOO X has launched the GOAT token for contract trading, as we as the GRASS token for pre-market trading.
• OKX has launched the MEMEFI token for pre-market trading, and the Simon’s Cat (CAT) token for spot trading.
• Coinbase Developer Platform has launched Based Agent, a platform for creating on-chain AI agents, enabling users to create their own AI-powered crypto agent.
• Binance has relaunched its Binance Connect service, aiming to simplify and enhance the way businesses and individuals manage their financial interactions globally.
• Binance has launched SAFE/USDT and MOODENGSOL/USDT perpetual contracts.
• Bitget has listed X/USDT and SAFE/USDT perpetual contracts with up to 50x leverage.

II. Mainstream projects and trending events

• WOOFi has launched its Synthetic proactive market maker (sPMM) on the Solana network, supporting SOL and USDC trading pairs.
• OxMantle, a high-performance Ethereum layer-2 network built for scalability and modularity, is partnering with Agora to integrate AUSD, an institutional-grade stablecoin that bridges traditional finance with blockchain, enhancing ecosystem security and reliability.
• Sovereign Rollup project DeFund will airdrop its native token D to users who stake on Celestia.
• Solana liquid staking protocol Fragmetric has recently announced the launch of its mainnet and launched the LF(ra)G campaign, which will reward fragSOL holders with on-chain F points. 
• TSMC halted chip supplies to Sophgo, an AI company connected to Bitmain, due to a US Department of Commerce investigation into Sophgo for allegedly supplying chips to Huawei in violation of export controls. While Sophgo denied any ties to Huawei and shared its findings with TSMC, Sophgo did not contest TSMC's decision to stop supplying chips.
• Three Arrows Capital co-founder Zhu Su tweeted that he has gone long on BTC and the Solana-based memecoin YAKUB.
• Scroll ecosystem stablecoin project Essence Finance is suspected to have undergone a rug pull, with its stablecoin CHI dropping 93.94% to $0.06 in 6 hours, and over $20 million in collateral is suspected to have been removed.
• Solana liquid staking protocol mETH protocol will launch its COOK token on October 29.
• DeFi protocol Linear Finance is planning to launch the perpetual contract trading platform Perp Dexes in mid-November.
• Celestia, a popular modular data network, is set to introduce the Ginger upgrade, which promises to revolutionize its transaction processing and network performance. 
• Magic Eden, the largest multichain crypto platform, is set to launch TestME (ME Test Coin) on October 29, according to the company’s CEO Jack Lu.
• BlackRock's IBIT holdings have exceeded 400,000 BTC, with a recent $2.3 billion BTC increase over the last two weeks.
• Blockchain and cryptocurrency tracker Arkham intelligence has supported on-chain data on the Solana blockchain, enabling users to use Arkham to track Solana wallets.

III. Funding news

• LOScoin, a Telegram Bot Web3 gaming social platform based on the Solana chain, has completed a $2 million funding round,  led by the Solana Foundation.
• AI search startup Perplexity is raising a new round of financing with a valuation of at least $8 billion. X, Notion, and OpenAI have all made acquisition offers.
• KaJ Labs, a decentralized research institution focused on advancing artificial intelligence and blockchain technology, has announced a commitment to invest $75 million to build the Atua AI on-chain enterprise platform, in order to further accelerate the growth and expansion of Atua AI.
• Waymo, Alphabet Inc.'s autonomous driving unit, has completed a $5.6 billion funding round, led by Google parent Alphabet.

IV. Regulatory news

• The Hong Kong Securities and Futures Commission (SFC) has met with representatives from 12 Asia-Pacific securities market regulators to discuss regulatory approaches to crypto-assets, tokenization and artificial intelligence.

V. Popular projects 

Market overview

BTC is currently establishing a base between $65,000 and $69,000. If it holds above $65,300, it may target the previous high of $74,000 after adjusting over a longer period. 

Altcoins are likely to see a major surge only after BTC achieves new highs. For now, market movements are segmented, and cohesive capital formation is challenging due to low risk appetite among on-market funds.

A BTC rally could attract external capital, potentially leading to discoveries in undervalued altcoins.

LUNA: Leading GOAT copycat on Baselive streams

LUNA, an AI-driven memecoin on Base, features a virtual figure that promotes the coin via continuous live streams and interacts with viewer comments through its AI agent, @luna_virtuals.

The LUNA token currently has $7.9 million in on-chain liquidity and a market cap of $220 million.

GME: Gaining market traction

The GME meme gained attention in September 2019 after Roaring Kitty shared a screenshot on r/wallstreetbets, showcasing a $53,000 GameStop position.

He encouraged retail investors to invest in GameStop to challenge large institutions, sparking widespread retail enthusiasm.

With no transaction fees, locked liquidity provisions, and renounced ownership, the GME token has reached a market cap of $52.54 million.

KEYCAT: Viral internet cat meme 

KEYCAT features a meme cat named Fatso, known for its musical talent on the keyboard since its debut in 2007.

Fatso, along with two other cats, Bento and Skinny, have continued this tradition, entertaining the internet with their paw performances.

These three cats have become symbols of meme culture, sparking laughter and numerous imitations.

The KEYCAT token has reached market liquidity of $1 million and a market cap of $35.96 million.

Significant token unlocks this week

This week sees significant token unlocks for TIA, SUI, OP, and IMX, collectively releasing over $1.23 billion in value:

• Celestia (TIA) will unlock 175 million tokens (~$900M) on October 30, representing 79.68% of the supply.
• Sui (SUI) will unlock 64.19 million tokens (~$112M) on November 1, representing 2.32% of the supply.
• Optimism (OP) will unlock 31.34 million tokens (~$50.15M) on October 31, representing 2.5% of the supply.
• Immutable (IMX) will unlock 32.47 million tokens (~$43.52M) on November 1, representing 1.98% of the supply.

On-chain daily

BLUE: BLUE is a memecoin on the Base blockchain.

Official Twitter: https://x.com/blue_base_blue

Market Cap: $1.4M

Current Price: $0.001479

On-Chain Token Holding Addresses: 17,053

Yes: Yes is a community token of A16z Ai Dao, with 9% held by the A16z Dao wallet.

Official Twitter: https://x.com/i/communities/1850419648111448222

Market Cap: $1.79M

Current Price: $0.00179

On-Chain Token Holding Addresses: 9,876

POPGOAT: POPGOAT is a memecoin on Solana, combining POP CAT and GOAT visuals.

Official Twitter: https://x.com/popgoatsol

Market Cap: $1.3M

Current Price: $0.001224

On-Chain Token Holding Addresses: 5,302

Uranus: Uranus is a Solana-based memecoin themed around Uranus, now community-driven.

Official Twitter: https://x.com/Uranusmemes

Market Cap: $6.1M

Current Price: $0.006164

On-Chain Token Holding Addresses: 2,206

VIRTUAL: VIRTUAL is a decentralized AI virtual character platform on Base.

Official Twitter: https://x.com/virtuals_io

Market Cap: $471M

Current Price: $0.4701

On-Chain Token Holding Addresses: 47,298

imgnAI: imgnAI is the creator token of the imgnAI platform, which is an artificial intelligence application designed for consumer use.

Official Twitter: https://x.com/imgn_ai

Market Cap: $10.4M

Current Price: $0.01351

On-Chain Token Holding Addresses: 447,976

Bitcoin Ecosystem Overview

BTC Mainnet Gas Fee Update:

• Current BTC Transaction Fee: 3 satoshis/byte
• Gas fees have been low, showing a slight rebound over the weekend.

Fractal Bitcoin Gas Fee Update:

• Current Transaction Fee: 26 satoshis/byte
• Gas fees have plummeted and remained low recently, reflecting weak price movement.

Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:

ORDI:

• Current Price: $33
• 24-Hour Change: +5%
• Market Cap: $693.57M

DOG:

• Current Price: $0.004692
• 24-Hour Change: +3.5%
• Market Cap: $469M

FB:

• Current Price: $5.14
• 24-Hour Change: -1.1%
• Market Cap: $24.12M

Today's Popular Projects:

KingTiger: KingTiger is a Fractal Bitcoin Inscription featuring the tiger king concept, led by a Chinese community, that recently launched an airdrop event. 

• Current Market Cap: $529K
• 24-Hour Trading Volume: $3,088
• 24-Hour Increase: +21%
• Number of Holders: 8,311

𝛑: 𝛑 is one of the leading inscriptions, with a generally increasing market cap and growing community size over the past month. 

• Current Market Cap: $50M
• 24-Hour Trading Volume: $127K
• 24-Hour Increase: +5%
• Number of Holders: 27,462

BITCOIN•BRO•BEAR: BITCOIN•BRO•BEAR is a Rune token with a meme concept featuring an ab-toned bear, often endorsed by Western KOLs. 

• Current Market Cap: $406K
• 24-Hour Trading Volume: $32.6K
• 24-Hour Increase: +114%
• Number of Holders: 568

Performances of today's top three tracks

NFT: Overall Daily Sector Change: +3.88%

1. MPLX: Metaplex, a decentralized NFT infrastructure on Solana.

• Daily Increase: +19.73%
• Current Price: $0.5036
• Market Cap: $380.63M
• 24-Hour Trading Volume: $10.42M
• Recent News: Solana NFT holders can adjust TM account sizes and receive SOL rewards.

2. OPUL: Opoulous provides music copyright NFTs and DeFi loans for musicians, with fan investment options.

• Daily Increase: +9.29%
• Current Price: $0.06565
• Market Cap: $32.83M
• 24-Hour Trading Volume: $842.71K
• Recent News: Upcoming MFT airdrop.

3. LOOKS: LOOKS is a community-driven NFT marketplace, rewards in LOOKS for trades.

• Daily Increase: +4.45%
• Current Price: $0.03947
• Market Cap: $39.25M
• 24-Hour Trading Volume: $1.67M
• Recent News: Null.

RWA: Overall Daily Sector Change: +3.8%

1. OM: MANTRA is a compliance-focused RWA L1 blockchain.

• Daily Increase: +13.16%
• Current Price: $1.4365
• Market Cap: $1.26B
• 24-Hour Trading Volume: $87.69M
• Recent News: Null.

2. MPL: Maple Finance is a decentralized marketplace for business lending.

• Daily Increase: +10.44%
• Current Price: $22.774
• Market Cap: $178.42M
• 24-Hour Trading Volume: $4.64M
• Recent News: Null.

3. CPOOL: Clearpool is a decentralized capital market for institutions, offering uncollateralized liquidity.

• Daily Increase: +7.77%
• Current Price: $0.19816
• Market Cap: $138.93M
• 24-Hour Trading Volume: $1.49M
• Recent News: Released its first improvement proposal for Ozean, an RWA yield chain.

Meme: Overall Daily Sector Change: +3.13%

1. NEIRO: NEIRO is a cryptocurrency similar to Dogecoin, featuring a Shiba Inu as its mascot.

• Daily Increase: +65.06%
• Current Price: $0.1063
• Market Cap: $106.3M
• 24-Hour Trading Volume: $76.8M
• Recent News: Null.

2. APU: APU is a memecoin featuring a sad frog, which is a derivative of the Pepe character, and is listed on MEXC and Bitget.

• Daily Increase: +13.65%
• Current Price: $0.0008492
• Market Cap: $276.75M
• 24-Hour Trading Volume: $8.72M
• Recent News: Null.

3. MAGA: MAGA is a memecoin featuring a red hat symbolizing Trump’s election slogan.

• Daily Increase: +10.68%
• Current Price: $0.0001897
• Market Cap: $78.81M
• 24-Hour Trading Volume: $16.87M
• Recent News: Trending due to US election discussions.

Disclaimer

The development and market cap of stablecoins mentioned in the above content is speculative and based on market analysis at the time of writing and should not be interpreted as guaranteed outcomes. Market conditions can fluctuate widely and unpredictably due to numerous factors such as regulatory changes, market demand, and global economic developments. 

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