BTC peak could be temporary

Hot projects + Market overview

I. Mainstream exchange news

• Binance Pool has launched merged mining for Bellscoin (BEL), allowing miners to earn LTC, DOGE, and BEL rewards by mining LTC.
• CZ has expressed interest in future investments focused on blockchain, decentralized technologies, artificial intelligence, and biotechnology.
• HuobiHTX, Coinbase and Bitget will list Eigenlayer (EIGEN).
• Bitget Wallet has launched OmniConnect, the Telegram mini-app cross-chain development suite.
• Bitget Launchpool will launch CATS (CATS), allowing users to stake BGB or USDT to earn CATS.
• Binance will launch the REI/USDT perpetual contract.
• OKX will list Pendle (PENDLE).
• WOO X will launch the BABYDOGE/USDT perpetual contract.
• WOO X has launched Phase 4 of its ORDER staking incentive program.

II. Mainstream projects and trending events

• This week’s major token unlocks amount to nearly $250 million, with SUI unlocking $107 million, ZETA at $39 million, and DYDX at $9 million. Meanwhile, in October, Celestia will unlock $1.1 billion worth of TIA tokens, and Cheelee will unlock $300 million worth of CHEEL tokens.
• Swell is set to launch a private beta testnet ahead of the rollout of Swell L2.
• EigenLayer's TVL has surged to $12.239 billion after the Eigen Foundation announced that EIGEN transfer restrictions will be lifted on October 1.
• Elon Musk has shared an image featuring the letters "D.O.G.E" alongside a Shiba Inu illustration.
• Vitalik Buterin, the co-founder of Ethereum, has highlighted that automated market-making on DEXs as a key crossover use case between crypto and AI.

III. Funding news

• Mind Network has completed a $10 million Pre-A funding round with participation from Animoca Brands and others.
• Initia, a blockchain project focusing on decentralized technologies, has completed a $2.5 million community round on the Echo platform.
• Decentralized 3D mapping project MeshMap has raised $4 million in a founding round, participated in by a16z CSX and GSR.

IV. Regulatory news

• Zhu Guangyao, former Vice Minister of Finance of China, has called for greater attention to the study of cryptocurrencies.
• A Brazilian court has ruled that X platform must pay over $5.2 million fine for allowing users access during a ban before service can be restored.
• The US SEC has filed charges against the entity behind the Mango Markets crypto exchange.
• The US House Foreign Affairs Committee has passed a resolution urging Nigeria to release Binance executive Tigran Gambaryan.

V. Popular projects 

Market overview

BTC hit a high of $66,498, successfully breaking the $66,000 level and completing the rebound from its recent low of $52,550.

However, it has since fallen below the $66,000 mark, posing a risk of further decline.

If BTC drops below $64,865 without a quick recovery, $66,498 could represent a short-term peak. In this scenario, a correction may follow before BTC attempts to reach new highs.

GIKO is up 190% in a day

The price of GIKO, a memecoin claiming to feature the "first cat on the internet," has surged 190% in the last 24 hours.

GIKO was created in 1998 on a 2chan.net message board. With no buy or sell taxes, and the token contract locked and abandoned, GIKO has attracted considerable attention.

GIKO has reached on-chain liquidity of $845,000 and a market cap of $23.16 million.

BEL is up 30% in a day

The price of Bell coin (BEL), a memecoin purportedly created by Dogecoin cofounder@BillyM2k, has surged 30% in the last 24 hours.

Inspired by Nintendo's Animal Crossing, BEL was created in 2013, eight days before Dogecoin, and uses POW consensus without any pre-mining.

BEL has reached a market cap of $48.59 million, with a six-fold increase from its low point.

DIA is up 20% in a day 

Decentralized Information Asset token DIA rose by 20% in the last 24 hours.

DIA recently launched DIA Lumina, an oracle architecture designed to meet the demands of modern decentralized applications (dApps). The product leverages DIA’s Ethereum Layer 2 solution, Lasernet, for transparent and verifiable on-chain data storage and computation.

DIA has reached a market cap of $55.45 million.

Terminus is up 20% in a day

The price of Terminus, a memecoin inspired by Elon Musk’s vision of Mars City, has surged 20% in the last 24 hours. 

Terminus, named after Musk's concept for humanity's first city on Mars, has garnered significant market attention since it was taken over by the community (CTO).

Terminus has reached on-chain liquidity of $1.3 million and a market cap of $36.38 million.

MOTHER is up 4% in a day

The price of MOTHER, a memecoin launched by Australian rapper and model Iggy Azalea, has increased by 4% in the last 24 hours.

Iggy Azalea, known for her massive social media following and over 3 billion YouTube views, launched the token to considerable fanfare.

MOTHER has reached on-chain liquidity of $4.4 million and a market cap of $120 million.

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. 

The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal, or professional advice of any kind. While we have made every effort to ensure that the information contained herein is accurate and up-to-date, we make no guarantees as to its completeness or accuracy. The content is based on information available during writing and may be subject to change.

Please note that this article includes references to third-party websites and dataduring provided solely for convenience and informational purposes. We do not endorse or assume any responsibility for the content, accuracy, or reliability of any information, products, or services offered by third parties.

Cryptocurrencies involve significant risk and are NOT suitable for the majority of investors. The value of digital currencies can be extremely volatile, and you should carefully consider your investment objectives, level of experience, and risk appetite before participating in any staking or investment activities.

We strongly recommend that you seek independent advice from a qualified professional before making any investment or financial decisions related to cryptocurrencies. We shall in NO case be liable for any loss or damage arising directly or indirectly from the use of or reliance on the information contained in this article.