BTC must stay above $67.7K to sustain upward momentum

Hot projects + Market overview

I. Mainstream exchange news

• WOO X has listed the PUFFER token for contract trading.
• OKX has listed the Banana Gun (BANANA) token.
• BlackRock is discussing the use of BUIDL tokens as collateral for futures contracts with crypto exchanges, including Binance.
• Bitget has listed the Scroll (SCR) token, with a pre-market trading price of $1.38.
• Binance has listed the BNSOL token for auto-invest, staking, lending, and one-click buying.
• Coinone has listed the Pencils Protocol (DAPP) token.
• Bybit Web3 has launched a Kontos airdrop event with a prize pool of 400,000 KOS.

II. Mainstream projects and trending events

• Revolve Labs, a mining host provider, is planning to build a $60 million AI data center in Minnesota.
• Pump.fun has launched an advanced trading terminal and is planning to issue tokens.
• Arbitrum has proposed a token swap with a series of blue-chip projects, identifying 19 potential candidates and planning swaps with 3-7 of them. The total swap will not exceed 2 million ARB tokens, with a maximum of 500,000 ARB for any single project.
• Scroll has announced its largest rewards program to date, aimed at boosting engagement and participation on its platform.
• Elon Musk, during a speech in Pennsylvania, mentioned the Committee on Government Efficiency (D.O.G.E.).
• The US SEC has approved NYSE and Cboe, two of the most prominent US financial exchanges, to launch Bitcoin ETF options trading.
• Grayscale has opened private placements for 20 token funds to qualified investors, including AAVE, AVAX, and BCHG.
• NEIRO Ethereum has partnered with DWF Labs, a new-generation Web3 investor and market maker.
• The Development Bank of Singapore (DBS) has launched DBS Token Services, combining tokenization and smart contract capabilities with traditional banking services.
• Arthur Hayes, the founder of BitMEX, has touted the viral potential of Al-themed memecoins and predicted that GOAT could reach a $1 billion market cap.
• RateX, a leveraged yield trading market, has launched on the Solana mainnet and partnered with Jito and Jupiter.
• Avalon Labs has announced its total locked value (TVL) exceeded $800 million and is planning to launch the Bitcoin-backed interest-bearing stablecoin USDa.
• ApeChain, a new blockchain platform constructed on Arbitrum Orbit L3, has launched its official mainnet cross-chain bridge and is offering an automatic yield mode for stablecoin holders on its chain.

III. Funding news

• AI search startup Perplexity has started fundraising talks aiming to raise its valuation to $8 billion.
• Indico Capital Partners, a venture capital firm, has raised €76 million ($83 million) for its fund, targeting investments in AI and Web3 sectors.
• Oak Grove Ventures, an early-stage investment firm, has invested in ZEROBASE, a real-time ZK-proof network that has raised $5 million with participation from Binance Labs.
• Canyon Network, an on-chain AI oracle service, has raised $6 million in funding, participated by DeData Technologies.

V. Popular projects 

Market overview

BTC reached a high of $69,519, marking an 11.3% increase since breaking through the daily moving average (MA140) at $62,448. 

BTC is currently on an upward trend, expected to maintain its rise if it stays above $67,781. Dropping below this level may lead to an adjustment phase.

 SPEEDY is up 85% in a day

The price of SPEEDY, a memecoin featuring a tortoise, has surged 85% in the last 24 hours.

It emphasizes the virtue of perseverance, illustrating that speed isn't always key to success in the crypto market.

SPEEDY has $680,000 in on-chain liquidity and a market cap of $38.33 million.

APE is up 58% in a day

The price of APE, an ERC-20 governance and utility token used within the APE Ecosystem, has seen a 58% daily increase following the activation of the official ApeChain cross-chain bridge on Arbitrum Orbit L3 on October 20. 

Ape Express, a token issuance platform on ApeChain, has also been launched, bolstering the token's market presence.

APE's trading volume exceeded $2.8 billion in the last 24 hours, with project BORED valued at $16.8 million and CURTIS at $11.2 million within the ApeChain.

Deepbook is up 57% in a day 

Deepbook, a central limit order book for the Sui market, has seen a 57% increase in the last 24 hours.  

It enhances the DeFi ecosystem by distributing liquidity through a low-latency, high-performance engine leveraging Sui's capabilities.  

Deepbook has reached a market cap of $230 million, ranking 265th. 

Significant Token Unlocks This Week

This week sees major token unlocks from YGG, ADA, ENA, and FET, collectively releasing over $25 million in value.

Yield Guild Games (YGG) will unlock 14.08 million tokens (~$7.87M) on October 27, representing 3.64% of the supply.

Cardano (ADA) will unlock 18.53 million tokens (~$6.83M) on October 22, representing 0.05% of the supply.

Ethena (ENA) will unlock 12.86 million tokens (~$5.43M) on October 23, representing 0.47% of the supply. 

Artificial Superintelligence Alliance (FET) will unlock 3.5 million tokens (~$5.11M) on October 28, representing 0.13% of the supply.

On-chain daily

1. FWOG: FWOG is a memecoin on the Solana chain, featuring a frog concept. It was announced as a full community takeover on October 20.

• Current Price: $0.2544
• Historical High: $0.2547
• 24-Hour Increase: 57.22%
• Market Cap: $250.3M
• Official Twitter: https://x.com/solfwog

2. Retadia: Retadia is a memecoin on the Solana network, featuring a female-led cult token concept. It was announced as a full community takeover on October 19.

• Current Price: $0.004941
• Historical High: $0.005255
• 24-Hour Increase: 5.67%
• Market Cap: $4.9M
• Official Twitter: https://x.com/retardiasolana?s=21&t=J4URbD8y5nOtESb4AetAvQ

3. SPX: SPX is a memecoin on Ethereum, inspired by the S&P 500 index from the US stock market.

• Current Price: $0.8476
• Historical High: $0.9136
• 24-Hour Increase: 37.16%
• Market Cap: $789.1M
• Official Twitter: https://web.telegram.org/a/#-1001913748118

4. Curtis: Curtis is a memecoin on the Ape chain, featuring the extended identity of a developer.

• Current Price: $0.01019
• Historical High: $0.01038
• 24-Hour Increase: 107%
• Market Cap: $10.4M
• Official Twitter: https://x.com/intent/post?text=Fcuk+it+ApeChain+%24Curtis%2C+Sunday

5. BITCOIN: BITCOIN is a memecoin on Ethereum, featuring the concept of Bitcoin.

• Current Price: $0.3429
• Historical High: $0.3571
• 24-Hour Increase: 16.54%
• Market Cap: $342.7M
• Official Twitter: https://x.com/RealHPOS10I

6. DEEPBOOK: DEEPBOOK is a DeFi token on Sui, representing the order book of Sui mainnet's DeepBook V3.

• Current Price: $0.09026
• Historical High: $0.09071
• 24-Hour Increase: 56.36%
• Market Cap: $226.7M
• Official Twitter: https://x.com/DeepBookonSui

Bitcoin Ecosystem Overview

BTC Mainnet Gas Fee Update:

• Current BTC Transaction Fee: 4 satoshis/byte
• Gas fees slightly rebounded from October 12 to October 17 but have recently fallen again.

Fractal Bitcoin Gas Fee Update:

• Current Transaction Fee: 41 satoshis/byte
• Gas fees have remained low recently due to weak price movement.

Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:

ORDI:

• Current Price: $37.9
• 24-Hour Change: +2.9%
• Market Cap: $796.34M

DOG:

• Current Price: $0.00561
• 24-Hour Change: +0.18%
• Market Cap: $561M

FB:

• Current Price: $7
• 24-Hour Change: +14%
• Market Cap: $28.92M

Today's Popular Projects:

GLIZZY:

• Type: Fractal Bitcoin Inscription
• Market Cap: $2M
• 24-Hour Trading Volume: $8,888
• 24-Hour Increase: +34%
• Number of Holders: 18,969

BTZF:

• Type: Inscription
• Market Cap: $142M
• 24-Hour Trading Volume: $14,865
• 24-Hour Increase: +30%
• Number of Holders: 824

GIZMO•IMAGINARY•KITTEN:

• Type: Rune
• Market Cap: $34M
• 24-Hour Trading Volume: $185,479
• 24-Hour Increase: +30%
• Number of Holders: 3,858

Performances of today's top three tracks

NFT: Overall daily sector change +15.38%

1. APE: ApeCoin is an ERC-20 token used within the APE ecosystem. It serves as both a governance and utility token for the Bored Ape Yacht Club (BAYC) and related communities, empowering decentralized community building at the forefront of Web3.

• Daily Increase: +64.51%
• Current Price: $1.472
• Current Market Cap: $1.07B
• 24-Hour Trading Volume: $2.73B
• Recent News:

APE token underwent a large unlock event on September 16.

ApeChain, based on Arbitrum Orbit L3, launched the official mainnet cross-chain bridge on October 20.

Animoca Ventures proposed and passed a new fund launch in partnership with ApeCoin Ventures on August 1.

2. Epik Prime: Epik Prime is an NFT licensing technology company that brings brands into video games, creating premium digital items and experiences for gamers worldwide. Epik is the first and only company trading NFTs with AAA game companies, with clients like ViacomCBS, Warner Music, Garena, Tencent, and Universal.

• Daily Increase: +16%
• Current Price: $0.029
• Current Market Cap: $30.62M
• 24-Hour Trading Volume: $161.84K
• Recent News: Null

3. BLUR: BLUR is the governance token for the Blur platform, a unique NFT marketplace and aggregator that provides real-time pricing, portfolio management, and cross-market NFT comparison.

• Daily Increase: +15.32%
• Current Price: $0.2763
• Current Market Cap: $538.74M
• 24-Hour Trading Volume: $261.11M
• Recent News: Blur treasury moved 36.782M BLUR tokens into a Blur multi-signature contract on August 16.

DeFi: Overall daily sector change +5.09%

1. DeepBook: DeepBook is a new decentralized limit order book built on Sui. DeepBook leverages Sui’s performance to offer a low-latency and high-throughput execution engine, dispersing liquidity across the DeFi ecosystem.

• Daily Increase: +59.27%
• Current Price: $0.09
• Current Market Cap: $1.11B
• 24-Hour Trading Volume: $2.73B
• Recent News:

DeepBook launched its V3 version and distributed airdrops to test users on October 14.

Tokenomics was updated on September 12.

V3 testnet was released on August 23.

2. BarnBridge: BarnBridge is a cross-platform protocol for risk tokenization.

• Daily Increase: +44.43%
• Current Price: $2.152
• Current Market Cap: $20.86M
• 24-Hour Trading Volume: $1.8M
• Recent News: Null

3. Perpetual Protocol:

• Daily Increase: +34.92%
• Current Price: $0.8333
• Current Market Cap: $60.68M
• 24-Hour Trading Volume: $53.27M
• Recent News: Null

Layer2: Overall daily sector change +5.01%

1. ARPA: ARPA is a decentralized secure computation network designed to improve blockchain fairness, security, and privacy.

• Daily Increase: +38.18%
• Current Price: $0.05646
• Current Market Cap: $55.46M
• 24-Hour Trading Volume: $238.85K
• Recent News: ARPA Network announced the launch of native restaking rewards on September 10.

2. SKALE: SKALE is a modular blockchain network native to Ethereum, featuring 0 gas fees. It allows developers to deploy their own EVM chains with enhanced performance, all without sacrificing security or decentralization.

• Daily Increase: +8.32%
• Current Price: $0.04323
• Current Market Cap: $223.74M
• 24-Hour Trading Volume: $40.05M
• Recent News: Dmail Network will distribute initial staking rewards, with SKALE as the first project onboarded on October 16.

3. Cartesi: Cartesi is a blockchain operating system that allows developers to use Linux and standard programming environments to build decentralized logic while preserving the decentralization and security of the blockchain.

• Daily Increase: +8.13%
• Current Price: $0.04322
• Current Market Cap: $116.21M
• 24-Hour Trading Volume: $16.95M
• Recent News: Cartesi Blockchain hosted the “Doomsday Olympics” with a total prize pool of $15,000 on 9/14

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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