BTC dropped to $62.6K and could dip to $59.3K
Hot projects + Market overview
I. Mainstream exchange news
- Binance has launched pre-market spot trading services.
- Bitget will list the Hamster Kombat (HMSTR) spot, futures strategy, and follower trading.
- Coinbase Prime has added custody services for zkSync (ZK).
- WOO X has listed pre-market trading for Eigenlayer (EIGEN).
- WOOFi has launched "Stake Surge" featuring Optimism incentives.
II. Mainstream projects and trending events
- Hamster Kombat has announced plans to buy back tokens using future ad revenue.
- Terra blockchain developer Terraform Labs is in talks with third parties about taking over parts of its operations.
- Dogecoin founder Shibetoshi Nakamoto has clarified that he hasn’t created any other cryptocurrencies besides Dogecoin.
- Babylon will launch the first phase of its mainnet (Cap-2) in the second week of October.
- DOGS announced that 3.2% of its token supply will be allocated to charitable donations, future development, and token burns.
III. Funding news
- Initia has completed a $14 million Series A funding round led by Theory Ventures.
- Decentralized cloud computing platform Swan Chain has raised fresh funds from a funding round led by OP Foundation.
- EarthFast, a crypto custody solution, has secured $1.4 million in Pre-Seed funding, led by TheGP and Nascent.
- AminoChain has raised $5 million in seed funding, with a16z as the lead investor.
IV. Regulatory news
- The Central Committee of the Communist Party of China and the State Council have called for proactive measures to address the employment impacts of rapidly advancing technologies, including artificial intelligence.
V. Popular projects
Market overview
BTC has dropped to a low of $62,670, pulling back from $64,817. The bottom for this pullback is uncertain, but the moving avearge (MA140) at $62,828 serves as a crucial support level on the daily chart.
This reflects the natural oscillation of the asset, where a significant rise is often followed by a correction. The current market is in a relatively low-stimulus phase, leading to more sideways movements and consolidation.
While a dip below $59,326 is possible, holding above the key $60,000 level could set up BTC for a bullish flag pattern.
SEAM is up 67% in a day
Seamless Protocol, a native lending protocol on the Base network, has seen its token SEAM surge by 67% in the last 24 hours.
It currently supports lending and borrowing services for ETH, cbETH (LST), and stablecoins like USDT, USDC, and DAI.
SEAM's market cap stands at $52.5 million, ranked 640th.
GHX is up 26% in a day
GamerHash’s token GHX, powering its ecosystem of over 760,000 gamers, has risen by 26% in the last 24 hours.
GamerHash allows users to monetize idle CPU/GPU power for AI, DePIN, and GameFi tasks.
GHX’s market cap stands at $70.25 million, ranking 544th.
L3 is up 22% in a day
Layer3, a Web3 bounty platform where users can complete tasks and earn rewards for contributing to Web3 from anywhere in the world, has seen its token L3 rise by 22% in the last 24 hours.
On September 24, the protocol announced its expansion to Solana, which is expected to increase product usage.
L3’s market cap stands at $28.34 million, ranked 894th.
CELO is up 16% in a day
The price of CELO has surged 16% in the last 24 hours following Vitalik Buterin’s praise on X regarding its focus on developing regions.
Buterin lauded Celo's efforts to improve global financial accessibility, particularly in developing countries.
CELO’s market cap stands at $349 million, ranked 190th.
On-chain daily
1. #dog: #dog is a memecoin on the Solana chain, inspired by the discussions about Dogecoin on X.
- Current Price: $0.002671
- Historical High: $0.002674
- 24-Hour Increase: 4140%
- Market Cap: $2.6M
- Official Twitter: https://x.com/search?q=%23dog&src=typed_query
2. HDMI: Holy Drunk Midget (HDMI) is a memecoin on the Solana chain, based on the concept of a drunken gnome. It was announced as a community takeover on September 24, 2024.
- Current Price: $0.003393
- Historical High: $0.003974
- 24-Hour Increase: 4507%
- Market Cap: $3.3M
- Official Twitter: https://x.com/CTOHDMI
3. TOTO: TOTO is a memecoin on the Solana chain, featuring a cute elephant that became famous after being rescued by the Sheldrick Wildlife Trust.
- Current Price: $0.003075
- Historical High: $0.003410
- 24-Hour Increase: 510%
- Market Cap: $3.0M
- Official Twitter: https://x.com/i/communities/1836871733367951500
4. HSUI: SUICUNE (HSUI) is a memecoin on the Sui chain, based on an anime-style mythical creature and serving as the Sui chain's mascot.
- Current Price: $0.02381
- Historical High: $0.03036
- 24-Hour Increase: 3.44%
- Market Cap: $5.8M
- Official Twitter: https://x.com/hsuionsui
5. DOGGO: DOGGO is a memecoin on the Ethereum chain, featuring the only known Shiba Inu diagnosed with short spine syndrome. It was announced as a community takeover on September 21, 2024.
- Current Price: $0.0(8)5328
- Historical High: $0.0(8)8191
- 24-Hour Increase: 1051%
- Market Cap: $2.6M
- Official Twitter: https://x.com/FirstDoggoEth
6. INCEPT: INCEPT is an experimental memecoin based on the ERC-4d standard, which combines ERC-20 and ERC-6551, enabling the token to function as both a fungible and non-fungible asset with token account features.
- Current Price: $968.18
- Historical High: $1129.07
- 24-Hour Increase: 122,000%
- Market Cap: $9.5M
- Official Twitter: https://x.com/incept_erc4d
Bitcoin Ecosystem Overview
BTC Mainnet Gas Fee Update:
- Current BTC Transaction Fee: 3 satoshis/byte
- Transaction fees have remained persistently low for the past 3 months, unaffected by market conditions.
Fractal Bitcoin Gas Fee Update:
- Current Transaction Fee: 857 satoshis/byte
- The surge in Gas fees is due to the minting capabilities of the CAT 20 and BRC 20 protocols on Fractal Bitcoin, with most activities being related to inscriptions.
Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:
- ORDI:
- Current Price: $35.36
- 24-Hour Change: -3.5%
- Market Cap: $742M
- DOG:
- Current Price: $0.00305
- 24-Hour Change: +7.7%
- Market Cap: $325M
- FB:
- Current Price: $13.11
- 24-Hour Change: +2.4%
- Market Cap: $32.56M
On-chain daily
- wukongx:
- Fractal Bitcoin inscription
- Market Cap: $1.46M
- 24-Hour Trading Volume: $40,178
- 24-Hour Change: +56%
- Number of Holding Addresses: 9,997
- PiJS:
- Inscription
- Market Cap: $278K
- 24-Hour Trading Volume: $15,391
- 24-Hour Change: +9.3%
- Number of Holding Addresses: 434
- PI•TOKEN•RUNES:
- Rune
- Market Cap: $178K
- 24-Hour Trading Volume: $190,984
- 24-Hour Change: +1257%
- Number of Holding Addresses: 963
Performances of today's top three tracks
SocialFi: Overall daily sector increase: 0.12%
1. BBL:Beoble is a revolutionary Web3 social platform aiming to provide enhanced decentralized wallet-to-wallet communication.
- Daily Increase: 17%
- Current Price: $0.008
- Current Market Cap: $1.72M
- 24-Hour Trading Volume: $4.27M
- Recent News: Announced it secured investment from Ripple on May 29.
2. BERRY: Berry is a decentralized platform offering solutions to pressing issues in the global entertainment and donation industries, addressing unequal revenue-sharing structures.
- Daily Increase: 12.14%
- Current Price: $0.00025
- Current Market Cap: $2.52M
- 24-Hour Trading Volume: $626.17K
- Recent News: None
3. CHZ: Chiliz is the sole token used on Socios.com, granting sports and gaming fans the rights to co-manage teams, tournaments, leagues, and other events.
- Daily Increase: 4.51%
- Current Price: $0.0649
- Current Market Cap: $588.75M
- 24-Hour Trading Volume: $191.49M
- Recent News: Partnered with Naver to develop the crypto wallet, Naver Pay Wallet on August 30.
RWA: Overall daily sector decrease: 0.35%
1. HIFI: Hifi Finance is an Ethereum-based protocol offering fixed-rate, term loans. It uses synthetic assets (hTokens) to track underlying assets, allowing borrowers to mint hTokens by depositing collateral, and lenders to trade hTokens for USDC.
- Daily Increase: 7.92%
- Current Price: $0.5451
- Current Market Cap: $75.84M
- 24-Hour Trading Volume: $92.8M
- Recent News: Initiated forum discussions for the 9th and 10th Hifi Improvement Proposals on September 20.
2. PENDLE: Pendle is a protocol enabling the tokenization and trading of future yield. It introduces a new type of Automated Market Maker (AMM) supporting assets with time-decay features, giving users more control over future yields.
- Daily Increase: 2.96%
- Current Price: $4.282
- Current Market Cap: $688.75M
- 24-Hour Trading Volume: $148.89M
- Recent News: BitMEX founder Arthur Hayes converted part of his PENDLE holdings to ATH.
3. ONDO: Ondo Finance is a pioneering DeFi platform focused on bridging traditional finance (TradFi) and decentralized finance.
- Daily Increase: 2.39%
- Current Price: $0.7634
- Current Market Cap: $1.1B
- 24-Hour Trading Volume: $514.58M
- Recent News: In collaboration with BlackRock, proposed introducing the U.S. Treasury fund OUSG to Sky.
Meme: Overall daily sector decrease: 0.91%
1. FIGHT: Fight is memecion on Solana. Inspired by President Trump’s quote “Fight Fight Fight” during his final speech after an assassination attempt.
- Daily Increase: 54.39%
- Current Price: $0.01241
- Current Market Cap: $11.95M
- 24-Hour Trading Volume: $10.54M
- Recent News: Trump reiterated “Fight Fight Fight” in a post, causing FIGHT on Solana to surge by nearly 53% within 6 hours.
2. CATE: Cate ia a memecoin on Binance Smart Chain. CATECOIN is the first deflationary decentralized Meme token with a real-world usage platform.
- Daily Increase: 14.8%
- Current Price: $0.000000315
- Current Market Cap: $10.83M
- 24-Hour Trading Volume: $1.05M
- Recent News: Launched on PancakeSwap on September 17.
3. BABYDOGE: BabyDoge is a cryptocurrency based on the Dogecoin network, created by members of the Dogecoin community. Its value is derived from Dogecoin, and it is used for payments and transactions.
- Daily Increase: 0.000000002269
- Current Price: $0.000000002269
- Current Market Cap: $350.3M
- 24-Hour Trading Volume: $108.04M
- Recent News: Launched the BabyDoge Telegram Game on July 15.
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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