BTC is constrained by capital flow to Chinese stocks

Hot projects + Market overview

I. Mainstream exchange news

• OKX has launched SCR/USDT pre-market perpetual futures.
• Bitget has launched spot trading for the CATS token.
• Binance will launch the Scroll SCR token on Launchpool and pre-trading.
• Coinbase has listed the io.net IO token.

II. Mainstream projects and trending events

• Fosun Wealth Holdings, a subsidiary of the integrated financial technology services platform Fosun International,  will gradually roll out virtual asset trading and related financing services.
• The SCR token has a total supply of 1 billion, with an airdrop snapshot scheduled for October 19.
• Native USDC has been launched on the Sui network.
• Cosmos Foundation will transfer ATOM from a multi-signature wallet.
• The DOGS and NOT token burn events have started, resulting in the burning of tokens worth $4 million.
• Sophon Network, an entertainment-focused blockchain platform, will launch its mainnet and deploy SOPH tokens before December, but there will be no initial Token Generation Event (TGE).
• Google search has integrated ENS domain balance display.
• Canary Capital, a digital asset-focused investment firm, has filed a registration application for XRP spot ETF to the US SEC.

III. Funding news

• Semantic Layer has completed a $3 million seed round led by Figment Capital.
• Bitlayer has raised $9 million in an extended Series A round led by Polychain.
• AI startup Kiva AI has raised $7 million in a seed round, participated in by Coinfund.
• Gate.io has invested $10 million in TON blockchain to support Telegram-related project development.

IV. Regulatory news

• Crypto.com has received a Wells Notice from the US SEC and is suing the SEC, claiming the agency is overstepping its authority and disputing the claim that most cryptocurrencies are securities.
• The United Nations Office on Drugs and Crime (UNODC) has urged Southeast Asia to criminalize unlicensed Virtual Asset Service Provider (VASP) operations as a measure to combat cyber fraud.
• Japan’s Financial Services Agency has excluded non-custodial wallet service providers from the crypto asset trading industry.
• Hong Kong’s Securities and Futures Commission has completed the first phase of on-site inspections of virtual asset trading platforms and will announce plans for the next phase in due course.

V. Popular projects 

Market overview

Bitcoin dipped to $61,860, briefly breaking below $62,000. 

With volatility decreasing, attention is on whether BTC can break through the daily 140-day moving average (MA) of $62,600. Failure to do so could see BTC drop below $60,000. 

US stocks surged, with NVIDIA gaining 4% in one day, but BTC’s momentum has been limited, likely due to capital flowing into the Chinese stock market.

Bitcoin might begin its next upward phase once liquidity returns.

SIGMA is up 70% in a day

The price of SIGMA, a memecoin built on the Solana ecosystem, has surged 70% in the last 24 hours.

SIGMA represents a personality type characterized by independence, strategy, and self-reliance, often found exploring crypto markets outside traditional investment frameworks. 

With a total supply of 100 million tokens, zero tax fees, and no team allocation, SIGMA’s on-chain liquidity has reached $1.5 million, with a current market cap of $56.85 million.

NUB is up 50% in a day

The price of NUB (Sillynubcat), a memecoin featuring a cat created by a popular illustrator and shared on Instagram and TikTok, has surged 50% in the last 24 hours.

The token saw a sharp rebound after being mentioned by crypto influencer Ansem. 

NUB has on-chain liquidity of $5.6 million and a market cap of $32 million.

AURA is up 50% in a day

The price of AURA, a cat-themed memecoin on Solana, has surged 50% in the last 24 hours.

The character it features, a cat with an out-of-body experience, went viral on TikTok, with over 2.5 billion views.

Since its launch on May 30, AURA has risen more than 70-fold. The token has reached a market cap of $29.76 million with on-chain liquidity of $1.6 million.

HARAMBE is up 40% in a day

HARAMBE, a memecoin on Solana inspired by the gorilla Harambe, has seen its token rise 40% in the last 24 hours. 

The token references the tragic 2016 incident at the Cincinnati Zoo, which sparked widespread online reactions and eventually became a meme.

After a strong recovery from its low point, HARAMBE has reached a market cap of $33.7 million.

MINI is up 39% in a day

The price of MINI, a memecoin featuring a cat and promoting brotherhood, has seen a 39% price rise in the last 24 hours.

Claiming it's not a cult, MINI has gained attention for its widely shared images within the meme community.

The token has reached a new all-time high, with a market cap of $38.48 million and $2.2 million in on-chain liquidity.

LOCKIN is up 40% in a day

The price of LOCKIN, a memecoin originating from the "locked-in" concept, has surged 40% in the last 24 hours.

The token gained traction after X user @ctlarp documented his 130-day journey of buying LOCKIN.

The token has hit a new all-time high, reaching a market cap of $55.36 million.

On-chain daily

1. BITCOIN: BITCOIN, fully known as HarryPotterObamaSonic10Inu, is a memecoin on the Ethereum network. It was popularized during the previous bear market, combining the iconic imagery of Pepe and Sonic the Hedgehog. The meme originated from the 4chan imageboard and became one of the early examples of "autism memes" in internet culture.

• Current Price: $0.248
• Historical High: $0.293
• 24-Hour Increase: 34%
• Market Cap: $248M
• Official Twitter: https://twitter.com/RealHPOS10I

2. JOE: JOE is a long-established memecoin on Ethereum, featuring the "bean" emoji. Its overall design aligns with the cult-like humor found in similar projects such as Milady and Bitcoin.

• Current Price: $0.041
• Historical High: $0.0482
• 24-Hour Increase: 29%
• Market Cap: $41M
• Official Twitter:https://twitter.com/joecoin_

3. POCHITA: POCHITA is a memecoin on Ethereum, centered around the story of Cheems' owner adopting a new dog named Pochita. It was announced as a full community takeover now.

• Current Price: $0.00004129
• Historical High: $0.00004207
• 24-Hour Increase: 108%
• Market Cap: $5.4M
• Official Twitter: https://x.com/PochitaCTO

4. FWOG: FWOG initially is a memecoin on Solana, featuring a cute frog with long arms and legs, it has also launched an Ethereum version.

• Current Price: $0.0000000768
• Historical High: $0.000000102
• 24-Hour Decrease: 4.2%
• Market Cap: $3.2M
• Official Twitter: https://x.com/FWOG_CTO

5. NUB: NUB is a memecoin on Solana, featuring a cute, blue cartoon cat. Its recent price surge can be attributed to a comparison chart posted by notable KOL Ansem, suggesting that NUB might follow the explosive rise of the SPX memecoin.

• Current Price: $0.0345
• Historical High: $0.197
• 24-Hour Increase: 68%
• Market Cap: $34.5M
• Official Twitter: https://x.com/cantstopnub

6. SIGMA: SIGMA is a memecoin on Solana, featuring the "Sigma male" archetype—a personality type that values independence, self-reliance, and freedom from societal norms. It was announced as a community takeover now.

• Current Price: $0.0596
• Historical High: $0.0637
• 24-Hour Increase: 72%
• Market Cap: $53M
• Official Twitter: https://x.com/sigmaonsol69/

Bitcoin Ecosystem Overview

BTC Mainnet Gas Fee Update:

• Current BTC Transaction Fee: 10 satoshis/byte
• Transaction fees have increased in response to the recent rebound in Bitcoin prices.

Fractal Bitcoin Gas Fee Update:

• Current Transaction Fee: 115 satoshis/byte
• Gas fees have dropped significantly as transaction activity has decreased. Over the past seven days, fees have remained notably low.

Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:

ORDI:

• Current Price: $35.28
• 24-Hour Change: -0.9%
• Market Cap: $740M

DOG:

• Current Price: $0.0037
• 24-Hour Change: -3.53%
• Market Cap: $380M

FB:

• Current Price: $7.01
• 24-Hour Change: -10.1%
• Market Cap: $22.82M

Today's Popular Projects:

GLIZZY:

• Type: Fractal Bitcoin Inscription
• Market Cap: $1.85M
• 24-Hour Trading Volume: $18.8K
• 24-Hour Increase: +57.17%
• Number of Holders: 1,173

wzrd:

• Type: Inscription
• Market Cap: $98.32M
• 24-Hour Trading Volume: $69.93K
• 24-Hour Increase: +6.9%
• Number of Holders: 8,163

SAIKO•HAMSTER:

• Type: Rune
• Market Cap: $3.91M
• 24-Hour Trading Volume: $14.47K
• 24-Hour Increase: +38.34%
• Number of Holders: 1,799

Performances of today's top three tracks

CeFi: Overall daily sector change +1.46%

1. TROY: Troy is an intelligent hybrid asset management platform that aggregates liquidity from major DEXs, centralized exchanges, liquidity pools, and other essential sources into a global pool.

• Daily Increase: 9.78%
• Current Price: $0.00161
• Current Market Cap: $16.05M
• 24-Hour Trading Volume: $24.94M
• Recent News: Null

2. SCLP: SCLP is both an ERC-20 and BEP token, and it plays a key role in the Scallop ecosystem. It has several native use cases, such as receiving transaction fee rewards, staking, and paying transaction fees. It falls under the category of Real-World Assets (RWA).

• Daily Increase: 2.40%
• Current Price: $0.1493
• Current Market Cap: $11.78M
• 24-Hour Trading Volume: $635.48K
• Recent News: Became a 3OA partner.

3. OKB: OKB is the second-largest centralized exchange token by market cap, second only to Binance's BNB. It was issued by the OK Blockchain Foundation in 2021.

• Daily Increase: 2.45%
• Current Price: $42.72
• Current Market Cap: $2.56B
• 24-Hour Trading Volume: $3.94M
• Recent News: Null

StableCoin: Overall daily sector change -0.03%

1. USDD: USDD is a dollar-pegged stablecoin on the TRON blockchain.

• Daily Increase: 0.75%
• Current Price: $0.0104
• Current Market Cap: $744.07M
• 24-Hour Trading Volume: $3.16M
• Recent News: Null

2. FDUSD: First Digital USD (FDUSD) is a reserve-backed stablecoin launched by a subsidiary of Hong Kong-based financial company First Digital Limited in June 2023.

• Daily Increase: 0.26%
• Current Price: $1.0017
• Current Market Cap: $2.87B
• 24-Hour Trading Volume: $4.91B
• Recent News: Listed on VALR.

3. GUSD: GUSD, the first regulated stablecoin, corresponds to US dollar deposits held in US banks and is eligible for FDIC "pass-through" deposit insurance, though subject to applicable restrictions.

• Daily Increase: 0.10%
• Current Price: $1
• Current Market Cap: $73.72M
• 24-Hour Trading Volume: $506K
• Recent News: None

Payment: Overall daily sector increase +0.09%

1. MATH: MATH is a one-stop crypto solution platform that includes MathWallet, MATH VPOS Pool, MathDEX, MATH dApp Store, MATH Staking, MATH Pay, and MATH Chain.

• Daily Increase: 7.73%
• Current Price: $0.2048
• Current Market Cap: $36.61B
• 24-Hour Trading Volume: $363.24K
• Recent News: MathWallet now supports Soneium.

2. XVG: Verge(XVG) has improved the anonymity of the original Bitcoin blockchain, offering five different Proof-of-Work algorithms for mining: Lyra2rev2, Scrypt, X17, blake2s, and myr-groestl.

• Daily Increase: 2.42%
• Current Price: $0.00394
• Current Market Cap: $6.7M
• 24-Hour Trading Volume: $65.11M
• Recent News: Null

3. SVL: Slash Vision Labs (SVL) is a company focused on transforming the cryptocurrency payment landscape. It operates on the Mantle network and focuses on decentralization and community empowerment.

• Daily Increase: 2.24%
• Current Price: $0.00822
• Current Market Cap: $40.61M
• 24-Hour Trading Volume: $1.08M
• Recent News: Null

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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