BTC must break $66.5K to signal bullish

Hot projects + Market overview

I. Mainstream exchange news

• Bybit launchpool has introduced SUI, further expanding ecosystem token pools.
• Bitget Launchpool has launched CATS (CATS).
• OKX will launch PayPal USD (PYUSD) spot trading.
• WOO X has listed TRUMPWIN and HARRISWIN, ERC20 tokens of Wintermute’s prediction market OutcomeMarket. Meanwhile, WOO X has also listed Eigenlayer (EIGEN).
• WOO X has launched the BILLY/USDT perpetual contract with up to 10x leverage.
• Coinbase has added io.net (IO) and Degen (DEGEN) to its listing roadmap.
• Bybit has listed the MOODENG/USDT perpetual contract.

II. Mainstream projects and trending events

• ether.fi will launch restaking rewards on October 15.
• On Polymarket, the probability of Donald Trump being re-elected has risen to 53.5%.
• According to Polymarket, Blockstream CEO Adam Back's chances of being identified as Satoshi Nakamoto in the HBO documentary once reached 21%. However, after his repeated denials, the probability has dropped to 10.4%.
• Delaware Bankruptcy Court Judge John Dorsey approved FTX's restructuring plan on October 7, allowing the company to start distributing funds to creditors. Under the plan, 98% of creditors will receive about 119% of their allowed claims within 60 days. FTX estimates the total value of assets available for distribution to be between $14.7 billion and $16.5 billion.
• Phantom has released a test version supporting the Base network.
• UniSat has revealed its Q4 roadmap, planning to introduce CAT20 token recognition and transfer features.
• Puffer Finance has completed the PUFFTOBER event snapshot. For every 10,000 ETH added, the PUFFER community allocation increases by 0.1%, with 70% going to new stakers and the rest to existing users.
• Eigen Foundation will open the first reward claims for its Programmatic Incentives v1 on October 15.
• Visa has launched the VTAP platform for tokenized digital asset management.
• Digital asset management firm Kin has launched a $100 million tokenized real estate fund on Chintai Network.

III. Funding news

• Aptos Labs has announced its strategic expansion into the Japanese market through the acquisition of Palette Chain developer HashPalette.
• Bitcoin ecosystem oracle APRO Oracle has completed a $3 million seed round, led by Polychain.
• Binance Labs has invested in Sophon, the elastic chain of ZKsync, in its token round.
• Full-stack decentralized development tool provider Layer has completed a $6 million funding round, led by 1kx.
• OpenAI has raised $6.6 billion in a new funding round, led by Thrive Capital.
• Circle Technology has secured $7.8 million in Series A1 financing, with participation from Sequoia China.
• Web3 gaming studio Moonray Studio has raised $8.25 million through two financing rounds.
• Decentralized AI training network Nodepay has completed a new funding round with backing from Animoca Brands.
• Metaverse platform SecondLive has raised $12 million, led by Crypto.com.

IV. Regulatory news

• US CFTC subcommittee has proposed allowing companies to use tokenized stocks as collateral.
• Japan's new Prime Minister, Shigeru Ishiba, has highlighted that blockchain and NFTs can promote regional economies.
• Hong Kong’s Securities and Futures Commission has approved ZA Bank to conduct virtual asset trading.

V. Popular projects 

Market overview

BTC hit a high of $64,478, rebounding 7.8% from its recent low of $59,828. In the short term, BTC must stay above $61,930 to avoid further weakness.

The key daily support level is $62,652. Staying below this level signals continued weakness while breaking above it indicates short-term strength.

The major resistance is near the previous high of $66,498, with a strong bullish trend requiring a break above $66,000.

MOODENG is up 103% in a day

The price of MOODENG, a memecoin inspired by the Thai pygmy hippopotamus "Moo Deng," known for its cute, wide-mouthed expression, has surged 103% in the last 24 hours.

MOODENG is taken over by the community, with a total supply of 420.69 billion tokens.

The token has seen continuous price growth over the past four days, rising more than 30-fold from its recent low, reaching a market cap of $75.88 million.

JHH is up 80% in a day

The price of JHH, a Solana-based memecoin featuring NVIDIA founder Jen-Hsun Huang, has surged 80% in the last 24 hours.

Launched on July 23 with zero tax fees, JHH previously saw over 200x gains before experiencing significant sell-offs to release liquidity. 

The on-chain liquidity of JHH has reached $586,000.

AAA is up 50% in a day

The price of AAA Cat (AAA), a memecoin built on Sui, has risen 50% in the last 24 hours. 

Originally discovered by @SuiDeveloper, AAA Cat has gained considerable attention within the Sui ecosystem, with a current market cap of $24.7 million.

MAGA is up 30% in a day

The price of the MAGA Coin, a memecoin inspired by Donald Trump’s iconic red MAGA hat that operates with a 0% tax structure, has risen 30% in the last 24 hours.

Driven by Trump's polarizing persona, the coin thrives on strong community engagement, Trump-related debates, and MAGA rallies.

Recent events, like Trump revisiting his shooting site and inviting Elon Musk to a rally, have increased market interest in Trump-themed memecoins.

MAGA Coin has reached a market cap of $78.58 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.

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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.

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