Event Calendar
Event Calendar
The crypto market may be set up for some short-term volatility this week as monthly bitcoin (BTC) and ether (ETH) options contracts are set to expire on Friday.
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According to Foresight News, Ethereum Layer2 network Metis announced that the total lock up volume (TVL) of Metis LST has reached $16.3 million, approaching a historical high.
Click on the link to enter the live stream: https://meeting.tencent.com/p/7989583470 From the current market perspective, there has been a pullback after Bitcoin hit the 69500 line yesterday, and yesterday Bitcoin closed with a cross star with an upper and lower shadow line. Today, the market has bottomed out to around 66600, which also means that this round of rebound has ended and there is no possibility of further upward movement. At the hourly level, the bottoming out did not fall below and did not form a continuation! Today, Bitcoin reached the support level of 66500 points as scheduled, which effectively supported the upward trend of Bitcoin. So, in the future, we will focus on whether the gap above 68200 points can continue to be filled, and how should the future market trend go? Follow tonight's live broadcast at 19:00! We will start live streaming to guide everyone on short-term activities and future directions! Tencent Meeting ID: 798-958-3470 QQ group number: 252791266 Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent AICoin's position or viewpoint and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AICoin, and the consequences shall be borne by oneself.
BlockBeats news, on October 22nd, top trader Eugene Ng Ah Sio stated on social media that "investors often make mistakes when investing in highly volatile and constantly changing new technologies. This is part of finding exceptional returns. Just make sure not to give up too early when you find the right investment opportunity. If your success rate on a new project is 10%, then it's worth persevering while the other 9 projects go to zero, if your winner can bring you more than 10 times the return. However, if you sell your winner too early, this mathematical model will collapse. If you sell at 5 times the return, suddenly your entire operation becomes a negative expectation Previously, Eugene stated that he has purchased the AI meme coin GOAT and stated that GOAT and GNON will be key positions for future long-term trends.
Yuichiro Tamaki, leader of Japan’s Democratic Party for the People, is making an effort to woo voters by “proposing clear tax cuts and regulatory reforms regarding cryptocurrencies” ahead of national elections on Oct 27.
Across Protocol has proposed capping its ACX token supply to one billion following criticism from LayerZero Labs CEO Bryan Pellegrino.Pellegrino flagged a function in the Across token contract that he claimed allowed the owner to burn ACX tokens from any wallet.The LayerZero Labs CEO also claimed the Across and UMA Protocol contracts can infinitely mint tokens.
Stripe's acquisition of Bridge validates the usage of stablecoins for public blockchains, broker Bernstein said in a research report Tuesday.
Foresight News reported that according to Protos, Uniswap Labs recently announced the launch of its own blockchain Unichain, which has raised doubts among large holders of UNI tokens about its commitment to decentralization. Stanford's head of cryptocurrency governance, Billy Gao, posted 22 tweets on social media criticizing Uniswap for making major decisions around decentralized autonomous organizations (DAOs). Gao pointed out that the hasty release of Unichain "surprised many people" and kept "representatives in the dark". He further questioned, 'How much control do token holders really have?' Gao also raised speculation about a possible behind the scenes transaction between Uniswap and Optimism. As one of the many second layer networks in the Ethereum ecosystem, Optimism's market value accounts for less than one-fifth of all Ethereum second layer solutions. Why did Uniswap Labs choose OP over other leading second tier solutions, such as Arbitrarum, which has a market value more than twice that of Optimism.
Singapore based cryptocurrency investment firm QCP Capital reported that the short-term implied volatility reached its peak on election day, expanding by 10 volatility points compared to the previous expiration date, and leaning towards call options rather than put options, despite Bitcoin being about 8% lower than its historical high. At the same time, the stock market presents a different picture. The S&P 500 index has reached a historic high, with 20% of companies about to release their financial reports. The options market tends towards put protection, and it is expected that the index may fluctuate by 1.8% on November 6th, the day after the election. The correlation between the stock market and cryptocurrency has reached a historical high of 0.83. Given the trend of mean regression and the differences in the positioning of the options market, this may indicate the arrival of a turning point. The election has created a zero sum game scenario for the stock market, where the industry winner will depend on the election results. By contrast, both US presidential candidates are more supportive of cryptocurrency than the previous administration, so any weakness in the stock market could prompt capital to reallocate to the cryptocurrency sector.
According to the heat ranking, APE's popularity has decreased by 640000 followers compared to yesterday, ranking first. The heat ranking is as follows: ① APE ($1.47,-5.77%) ② DYDX ($1.16,-4.92%) ③ CAT ($0.00003587,44.46%) ④ MEW ($0.008745,-8.56%) ⑤ DOGE ($0.1426,-1.79%) The buying power of APE's main funds is weak, with a net inflow of $41.243 million in 24 hours and a transaction volume of $5.394 billion in 24 hours, of which the net inflow of the main funds is $4.0621 million.
OKX - APT price fluctuation, current price $11.05, 24-hour price increase of 7.7%. The transaction volume in the past 24 hours was 1.165 billion US dollars, an increase of 128.05%. The data is for reference only
Odaily Planet Daily News: According to DefiLlama data, Solana TVL has risen to $6.468 billion, reaching its highest level in two years for the first time since January 2022.
According to BlockBeats, on October 22nd, according to Lookonchain monitoring, a trader has traded over 2000 meme coins in the past 30 days, with a winning rate of as high as 81.34%. It earned a total profit of 815000 US dollars.
Starting from 00:00 Singapore time on October 25, 2024, AICoin will undergo a system upgrade. During the upgrade period, all services such as web pages, PC desktop software, apps, and open data will be temporarily suspended. Upgrade time: October 25th from 00:00 to 06:00, expected to take 6 hours. It will be advanced or delayed according to the actual situation. After the upgrade is completed, it will be announced as soon as possible. We apologize for any inconvenience caused during the upgrade period. If you have any questions, please feel free to send them via telegram at any time( https://t.me/aicoincn )Or email address( support@aicoin.com )Give us feedback. Thank you for your understanding and support! AICoin team October 22, 2024
According to BlockBeats, on October 22nd, according to monitoring by Ashes, IOSG transferred 42558 ILVs (approximately $1.66 million) to Binance one hour ago. They previously sold 75753 ILV for $70.6 when ILV launched the Binance contract in November last year.
According to Foresight News, Binance announced that the start time of Scroll (SCR) trading, originally scheduled for 4:00 PM on October 22, 2024, will be postponed to 5:00 PM on October 22, 2024.
Odaily Planet Daily News: The market dominance rate of Bitcoin continues to rise, now reaching 58%, indicating that the counterfeit coin craze has not yet arrived. Although there are over 20000 cryptocurrencies on the market, the focus of the market is still highly concentrated on Bitcoin. The dominant position of Bitcoin indicates that the inflow of ETF funds does not have a significant driving effect on altcoins, while implying that retail investors have not yet entered the market on a large scale. The trading volume of Bitcoin has doubled from $10 billion to $20 billion in 2023 to $20 billion to $40 billion, further highlighting the increasing influence of Bitcoin. From a risk adjustment perspective, Bitcoin remains one of the most attractive transactions in the current cryptocurrency market.
According to BlockBeats, on October 22nd, Matrixport released a research report stating that the market dominance of Bitcoin continues to climb and has now reached 58%, indicating that the counterfeit coin craze has not yet arrived. Although there are over 20000 cryptocurrencies on the market, the focus of the market is still highly concentrated on Bitcoin. The dominant position of Bitcoin indicates that the inflow of ETF funds does not have a significant driving effect on altcoins, while implying that retail investors have not yet entered the market on a large scale. The trading volume of Bitcoin has doubled from $10 billion to $20 billion in 2023 to $20 billion to $40 billion, further highlighting the increasing influence of Bitcoin. From a risk adjustment perspective, Bitcoin remains one of the most attractive transactions in the current cryptocurrency market.
BlockBeats News: On October 22nd, Sky co-founder Rune Christensen released a community proposal stating that there is still some confusion in the community regarding the roles of Sky token and Maker brand, and feedback suggests that Maker brand has a stronger affinity compared to Sky. Rune said, 'Now more than ever, it is clear how much the DeFi community loves and trusts the Maker brand, and people are very interested in the brand and the stability, security, and scale of DeFi it represents.'. Compared to upgrading to SKY, people are more willing to hold MKR tokens To address these issues, he proposed three possible directions: continuing to use Sky as the core brand and leveraging its recent development momentum; Repositioning the original identity of the Maker brand and restoring MKR as the sole governance token; Finally, reposition the Maker brand to give it a fresh look and align it with USDS.