BTC must stay above $62.8K for a bullish signal

Hot projects + Market overview

I. Mainstream exchange news

• Binance will list the FIDA/USDT perpetual contract.
• Coinbase International will list the Polygon (POL) and Dogs (DOGS) perpetual contracts.
• Upbit will list Cat in a Dog's World (MEW).

II. Mainstream projects and trending events 

• Sky converted over 280 million DAI to USDS within 24 hours of launch.
• Zumo has launched a new feature to help European crypto asset service providers comply with the upcoming Markets in Crypto-Assets (MiCA) sustainability requirements. Their Oxygen MiCA compliance module, in partnership with the Crypto Carbon Ratings Institute, provides sustainability metrics compliant with MiCA.
• Worldcoin is testing a new facial recognition feature for its World App, described as a private one-to-one face match.
• Roam, a decentralized global broadband network provider, has teamed up with Huma, a payment financing network focused on tokenizing real-world assets (RWAs), to launch the DePIN hardware loan program.
• SynFutures, one of the largest on-chain derivatives markets, has introduced perpetual contracts for the US presidential election odds. This allows users to engage in leveraged trading up to ten times on Polymarket's predictions, with settlements planned around November 4.
• GoPlus, a Web3 cybersecurity firm, has expanded its "Token Security Detection API" to support the Solana network, offering comprehensive security analyses of Solana tokens, including basic contract information, security and permissions, and DEX data.
• At the Token2049 event, PayFi's infrastructure, PolyFlow, has introduced a new "Scan to Earn" feature, which allows users to earn rewards in the form of tokens and points by scanning receipts from real-world or on-chain purchases and recording these transactions on the blockchain.
• The social graph protocol Lens has partnered with Avail DA to develop a scalable and resilient decentralized social network. This new architecture will allow users to freely switch between social apps while retaining all their social connections and capital.
• Solv has collaborated with Babylon, Pendle, and Corn to launch a Bitcoin LST yield pool, which exceeded $7 million in total value locked (TVL) within an hour of launching. The liquidity provider (LP) returns reached as high as 600%.

III. Funding news

• Tether has invested $1.5 million in Sorted Wallet to improve cryptocurrency access for users in emerging markets, aiming to boost financial inclusion in Africa and South Asia. Sorted Wallet, designed for feature and low-end smartphones, offers non-custodial services to assist the unbanked and underbanked in developing regions with cryptocurrency transactions.
• Foresight Ventures has made a strategic investment in Layer 1 blockchain Aptos to accelerate ecosystem development.
• Solana ecosystem DeFi platform Drift has raised $25 million in Series B funding led by Multicoin Capital.
• Bool Network has raised $2 million in seed funding for Bitcoin infrastructure participated in by Antalpha Ventures.

IV. Regulatory news

• Louisiana has officially started accepting cryptocurrency payments, becoming the latest US State to embrace digital currencies. The state's Treasurer, John Fleming, announced that residents can now use Bitcoin, Bitcoin Lightning Network, and USDC to pay for various state government services.
• The Bank of Canada has officially shelved its central bank digital currency (CBDC) project, known as the "digital Canadian dollar," concluding nearly five years of research.

V. Popular projects 

Market overview

Bitcoin reached a high of $63,850, its fourth attempt to break through the daily moving average (MA140) since the pullback that started on March 14, 2024.

BTC is currently at $62,801, with support at $60,100. For a clear bullish signal, BTC needs to stabilize above the real-time daily moving average.

REEF is up 20% in a day

Reef Chain, an EVM-compatible DeFi chain utilizing NPoS/PoC consensus, has seen its token REEF rise by 20% in the last 24 hours.

Reef chain has seen 5,000 new wallet addresses in August, marking a 22% growth within a month.

The REEF token has recently surged over tenfold, reaching a market cap of $94.85 million with a 24-hour trading volume of $76 million.

FIDA is up 60% in a day

Bonfida, a comprehensive platform for data-driven crypto traders built on Solana and Serum, has seen its token FIDA surge 50% in the last 24 hours following Binance's announcement of listing FIDA perpetual contracts.

FIDA has reached a market cap of $65 million.

TURBO is up 16% in a day

The price of Turbo, a memecoin based on the first meme created using ChatGPT, has surged 16% in the last 24 hours.

Turbo features an IP of a yellow frog and has shown strong performance recently.

The Turbo token has reached a market cap of $417 million with an on-chain liquidity pool of $5.99 million and 38,700 holding addresses.

GIGA is up 14% in a day

GIGA, a memecoin on the Solana blockchain, has surged 14% in the last 24 hours. 

The token is based on the image of Russian bodybuilder Ernest Khalimov, known for his impressive physique and chiseled jawline, earning him the nickname "Gigachad." 

GIGA’s market cap has reached $188 million, with on-chain liquidity of $2.7 million.

On-chain daily

1. DOE: DOE is a memecoin on the Solana chain, initially launched on pump.fun and now taken over by the community. The project includes NFT offerings.

   - Current Price: $0.004943

   - Historical High: $0.005590

   - 24-Hour Increase: 980%

   - Current Market Value: $3.8M

   - Official Twitter: https://x.com/dogsofelon

2. MISHA: MISHA is a memecoin on the Ethereum chain, named after Vitalik's dog and now taken over by the community.

   - Current Price: $0.00001650

   - Historical High: $0.00002870

   - 24-Hour Increase: 218,000%

   - Current Market Value: $6M

   - Official Twitter: https://x.com/misha_cto

3. GOU: GOU is a memecoin on the Ethereum chain, inspired by the Chinese word for "dog," and aims to become a memecoin like DOGE and NEIRO.

   - Current Price: $0.004600

   - Historical High: $0.004875

   - 24-Hour Increase: 489%

   - Current Market Value: $3M

   - Official Twitter: https://x.com/GouOnETH

4. WLFI: WLFI is a memecoin on the Solana chain, named after the World Liberty Financial project launched by the Trump family.

   - Current Price: $0.0101157

   - Historical High: $0.0104978

   - 24-Hour Increase: 645%

   - Current Market Value: $1.6M

   - Official Twitter: https://x.com/WLFIDTRUMP

5. BERRY: BERRY, or Strawberry AI, is an advanced AI-driven, crypto-centric search engine on the Ethereum chain.

   - Current Price: $0.2262

   - Historical High: $0.2267

   - 24-Hour Increase: 64.39%

   - Current Market Value: $22.6M

   - Official Twitter: https://x.com/StrawberryAI_5

6. FAC: FAC is a memecoin on the Ethereum chain, featuring an avocado cat created by Grok, with CoinLiquidity as the market maker.

   - Current Price: $1.65

   - Historical High: $1.71

   - 24-Hour Increase: 143%

   - Current Market Value: $13.9M

   - Official Twitter: https://x.com/FlyingAvoCats

Bitcoin Ecosystem Overview

BTC Mainnet Gas Fee Update:  

- Current BTC transaction fee: 4 satoshis/byte. Despite market conditions, fees have remained persistently low for the past three months.

Fractal Bitcoin Gas Fee Update:  

- Transaction fees: 1052 satoshis/byte, driven by the minting of BRC 20 protocol on Fractal Bitcoin, leading to market FOMO.

Top Inscription, Rune, and Fractal Bitcoin Tokens Tracking:

ORDI:  

  - Current Price: $32.1  

  - 24-Hour Increase: 6.7%  

  - Current Market Value: $720M

DOG:  

  - Current Price: $0.00247  

  - 24-Hour Increase: 0.6%  

  - Current Market Value: $248.6M

FB:  

  - Current Price: $21.6  

  - 24-Hour Decrease: 6.2%  

  - Current Market Value: $38.25M

Today's Hot Projects:

Burger:  

  - Type: Fractal Bitcoin Inscription  

  - Market Value: $282K  

  - 24-Hour Trading Volume: $32,058  

  - 24-Hour Increase: 157%  

  - Holding Addresses: 7,172

Pizza:  

  - Type: Inscription  

  - Market Value: $83M  

  - 24-Hour Trading Volume: $114,495  

  - 24-Hour Increase: 16%  

  - Holding Addresses: 3,730

PUPS•WORLD•PEACE:  

  - Type: Rune  

  - 24-Hour Trading Volume: $5,603  

  - 24-Hour Increase: 29%  

  - Holding Addresses: 7,506

Performances of today's top three tracks

Layer2: Sector Daily Increase of 5.89%

1. DYM: Dymension is a modular blockchain network known as RollApps, designed for easy deployment and high speed. The modular design separates responsibilities into different layers: RollApps execution, settlement, consensus, and Dymension Hub.

   - Daily Increase: 20%

   - Current Price: $1.929

   - Market Cap: $392.56M

   - 24-Hour Trading Volume: $56.43M

   - Recent Update: 3D Playground testnet launch.

2. ZKF: ZKFair is a community-driven Layer2 that utilizes Polygon CDK, Celestia DA, and Lumoz RaaS.

   - Daily Increase: 17.1%

   - Current Price: $0.000917

   - Market Cap: $9.17M

   - 24-Hour Trading Volume: $3.62M

   - Recent Update: None.

3. GEL: Gelato Network is a decentralized automation protocol, providing infrastructure services for Ethereum smart contracts and users through an "executor" service for transaction automation.

   - Daily Increase: 12%

   - Current Price: $0.1959

   - Market Cap: $48.3M

   - 24-Hour Trading Volume: $150.89K

   - Recent Update: Participated in TOKEN2049; first Gelato-native module launched on Base L3s.

AI: Sector Daily Increase of 4.99%

1. PAAL: PAAL is a complex chatbot utilizing AI and machine learning to automate tasks traditionally requiring human cognition, such as natural language understanding and problem-solving.

   - Daily Increase: 25.5%

   - Current Price: $0.2214

   - Market Cap: $188.95M

   - 24-Hour Trading Volume: $4.38M

   - Recent Update: Launched on Dubai market for trading.

2. SPEC: Spectral Labs (SPEC) combines Web3 technology with machine learning (ML) and artificial intelligence (AI). SPEC is an ERC-20 token.

   - Daily Increase: 16.6%

   - Current Price: $6.5914

   - Market Cap: $79.46M

   - 24-Hour Trading Volume: $8.8M

   - Recent Update: None.

3. MOOV: dotmoovs is gamifying sports, creating a blockchain-powered Play2Earn platform using advanced AI systems to analyze athlete challenge videos.

   - Daily Increase: 15%

   - Current Price: $0.00219

   - Market Cap: $2.19M

   - 24-Hour Trading Volume: $743.18K

   - Recent Update: App improvements and new features added.

GameFi: Sector Daily Increase of 4.63%

1. RIDE: holoride transforms everyday travel into highly immersive experiences by combining automotive data, extended reality, and blockchain technology. The RIDE token powers the holoride partner network.

   - Daily Increase: 41%

   - Current Price: $0.00274

   - Market Cap: $2.35M

   - 24-Hour Trading Volume: $149.77K

   - Recent Update: None.

2. WAS: Wasder is a Swedish company launched in 2017 as a social community platform for gamers. The platform offers tools to connect players, host communities, and integrate with streamers and friends for party chats.

   - Daily Increase: 36%

   - Current Price: $0.00218

   - Market Cap: $1.3M

   - 24-Hour Trading Volume: $190.06K

   - Recent Update: None.

3. FYN: Affyn is a Singapore-based company developing a blockchain-based metaverse project that integrates fun gameplay with blockchain technology, offering mobile games that utilize geolocation and AR mechanics alongside NFTs and FYN tokens.

   - Daily Increase: 27.8%

   - Current Price: $0.00893

   - Market Cap: $3.29M

   - 24-Hour Trading Volume: $250.56K

   - Recent Update: None.

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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