BTC nears $68K, aiming for $71K

Hot projects + Market overview

I. Mainstream exchange news

• Kraken has launched Ethereum staking services via the Eigen layer, allowing users to earn rewards on their ETH holdings.
• Gate.io has introduced TON mining services with an entry threshold of 1 TON.
• WOO X has listed the OX token of Open Exchange, a decentralized trading platform.
• Binance has adjusted the leverage and margin tiers for multiple USDT-margined perpetual contracts, including the TURBO/USDT pair. 

II. Mainstream projects and trending events

• Galxe has integrated with the Sei Network, enhancing its capabilities and expanding its reach within the blockchain ecosystem.
• FTX/Alameda-related addresses have distributed $23.75 million SOL redeemed on October 15 to 20 addresses, most of the SOL received by these addresses will subsequently flow into CEX. 
• FLock.io, a decentralized AI training and finetuning platform, has launched a delegated staking feature for FML tokens, allowing users to earn rewards while securing their investments.
• Tesla has transferred its remaining $770 million in Bitcoin reserves to multiple new addresses.
• Celestia has announced on social media the first upgrade of its Data Availability (DA) network, Shwap. Activated through Celestia-node v0.18.2 on the Arabica and Mocha testnets, Shwap boosts DA sampling speed by 12x and reduces storage requirements by 16.5x.
• BlackRock-backed real-world asset tokenization firm Securitize has launched a conversion service for the BlackRock BUIDL fund and USDC.
• SingularityDAO will merge with Cogito Finance and SelfKey, to form an AI-centric Layer 2.
• Sui Network ambassadors hinted that the Suilend protocol token may be released within 60 days, generating anticipation within the community.
• Polymarket, a decentralized prediction market platform, has recorded over $1.9 billion in bets on the upcoming US presidential election, with current odds showing a 56% probability of Donald Trump winning.

III. Funding news

• The Arena, a social protocol, has completed a $2 million Pre-Seed round led by Blizzard (Avalanche Ecosystem Fund), Ava Labs, and members of the Avalanche leadership team.
• Vue Protocol, a Web3 social Layer2 solution, has secured $6 million in a funding round led by SALT Fund and Kraynos Capital.
• Opacity Network, a zero-knowledge proof data verification platform, has completed a $12 million seed round led by Archetype.
• Bitnomial, a cryptocurrency derivatives exchange, has raised $25 million in a funding round led by Ripple Labs.
• Azra Games, a blockchain game developer, has raised $42 million in a Series A round led by Pantera Capital.
• Blockcast, an open content delivery network, has completed a $2.85 million funding round led by Lattice Fund.
• Pell Network, a blockchain project aimed at providing a decentralized network for processing and verifying data, has secured $3 million in pre-seed funding led by Halo Capital.

IV. Regulatory news

• The United Arab Emirates’ stablecoin issuer AED has received in-principle approval from the Central Bank of the UAE to issue a stablecoin.

V. Popular projects 

Market overview 

BTC surged to a high of $67,950, breaking through the key resistance level of $66,000.  

As long as BTC holds above this level, there is potential for further upward momentum, with targets at $69,000 and $71,000. 

KLAUS is up 139% in a day 

The price of Klaus, a memecoin built on Ethereum featuring a fish, has surged 139% in the last 24 hours.  

The KLAUS token has reached $800,000 in liquidity and a market cap of $47.91 million. 

GOOGLZ is up 63% in a day 

The price of GOOGLZ, a memecoin on Fantom featuring goggles, has risen 63% in the last 24 hours.  

Since its launch on October 4, the GOOGLZ token has increased over 16 times, with current liquidity of $910,000 and a market cap of $14.55 million. 

Deepbook is up 33% in a day 

Deepbook, a central limit order book for the Sui market, has seen a 33% 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 $81.21 million, ranking 519th. 

XBG is up 45% in a day 

XBorg, a decentralized player identity protocol aiming to revolutionize the gaming industry, has seen its token XBG surge 45% in the last 24 hours. 

Next-generation games and apps can leverage XBORG ID for enhanced, immersive, personalized experiences. 

XBG has reached a market cap of $67.29 million, ranking 585th. 

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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