BTC could aim for $70K

BTC could aim for $70K

Hot projects + Market overview

I. Mainstream exchange news

  • WOO X spot and futures markets will list Hamster Kombat (HAMSTR)
  • Bitget will list LogX Network (LOGX).
  • Bithumb will list UXLINK and FIDA in the KRW market.
  • Coinbase will list ZKsync (ZK).

II. Mainstream projects and trending events

  • LogX, an on-chain perpetual contract trading platform, has announced that the airdrop claim and staking of its LOGX token are now live. The LogX Foundation will cover all fees associated with the claims and staking.
  • The Eigen Foundation has reopened the verification window for eligible community contributors. Contributors can connect their X, Discord, Farcaster, or Github accounts via the designated homepage link to check if they qualify for the second season airdrop rewards.
  • The Grass Foundation has issued a reminder for users to connect their Solana wallets to the Grass dashboard by 8:00 AM on October 1 or risk missing the rewards.
  • Lending protocol Sky (formerly MakerDAO) is reportedly reconsidering its plan to remove WBTC as collateral, following a lengthy discussion between Sky and BitGo CEO Mike Belshe.
  • According to on-chain analyst @ai_9684xtpa, Dragonfly Capital has transferred 62.62 million AEVO tokens (worth approximately $25.04 million) to FalconX. This transaction suggests that Dragonfly Capital may have liquidated all its holdings since May, potentially incurring a loss of around $36.84 million.
  • The Sui Foundation has appointed Coinbase Prime for custody and financial management services. Starting this week, Sui’s community treasury will be jointly managed by BitGo and Coinbase to enhance the security and oversight of its assets.
  • According to Bloomberg, BNY Mellon is planning to advance its crypto ETF custody services, offering secure storage solutions for Bitcoin and Ethereum held by clients of exchange-traded products.

III. Funding news

  • Daylight, a Web3 rewards aggregation solution, has completed a $6 million seed round, led by USV.
  • Meridian, a DeFi project within the Movement ecosystem, has raised $4 million in a seed round led by ParaFi Capital.

IV. Regulatory news

  • Senior members of the US House Financial Services Committee are calling for a "significant agreement" on stablecoin legislation by the end of the year.
  • The US SEC has charged TrustToken and TrueCoin with deceiving investors in their stablecoin investment plans. A settlement agreement has been reached.
  • US Congressman Brad Sherman has stated that the SEC should regulate cryptocurrencies, with legislation clarifying their status as securities.
  • BlackRock, Standard Chartered Hong Kong, and MasterCard announced the formation of a tripartite alliance to participate in the second phase of the Hong Kong Monetary Authority's "Digital HKD" pilot program.

V. Popular projects 

Market overview

Bitcoin reached a high of $64,817 but was unable to break through the $65,000 resistance level. It remains above the daily moving average (MA140) at $62,834, which is a key support level.

The key resistance zone lies between $65,000 and $66,000. If Bitcoin breaks above this range, it could push towards the $70,000 mark.

PUPS is up 54% in a day 

PUPS, a core project in the Runes ecosystem hype, has seen its token rise by 54% in the last 24 hours after migrating part of its liquidity to Solana, gaining market attention.

PUPS had previously dropped over 90% from its high but has recently experienced a considerable rebound.

ICE is up 46% in a day

Ice Open Network (ION), a fork of the TON blockchain, has seen its token ICE rise by 46% in the last 24 hours.

ION shares TON's scalable architecture, enabling the creation of a comprehensive ecosystem of products and services.

The ICE token has reached a market cap of $86.84 million, ranking 577th.

 

SC is up 38% in a day

The price of SC, a memecoin featuring a cat wearing a shark hat, has surged 38% in the last 24 hours.

Despite a 90% drop from its high, the SC token still holds a $25 million market cap with $1.5 million in liquidity.

TOSHI is up 41% in a day 

The price of TOSHI, a memecoin named after the cat of Coinbase CEO Brian Armstrong, has surged 41% in the last 24 ohurs.

The TOSHI tokan has reached a market cap of $57.63 million, with liquidity of $1.7 million and over 459,000 holding addresses.

HARAMBE is up 34% in a day

The price of HARAMBE, a memesoin on Solana featuring gorilla Harambe, has surged 34% in the last 24 hours.

Harambe gained traction after being tragically shot at the Cincinnati Zoo in 2016. What started as public outrage evolved into an internet sarcastic meme.

The HARAMBE token has recently seen a considerable rebound from its low point, reaching a market cap of $24.13 million.

On-chain daily

1. NEIRO: NEIRO is a memecoin on the Solana chain, inspired by a popular Shiba Inu on social media, similar to Kabosu (DOGE).

- Current Price: $0.009936

- Historical High: $0.01137

- 24-Hour Increase: 11.73%

- Market Cap: $9.7M

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

2. MAGA2025: MAGA2025 is a memecoin on the Solana chain, featuring elements that reference or include aspects related to Trump's persona, image, or likeness.

- Current Price: $0.002563

- Historical High: $0.002565

- 24-Hour Increase: 420%

- Market Cap: $2.5M

- Official Twitter: https://x.com/maga2025coin

3. STICKS: STICKS is a memecoin on the Solana chain, featuring a stick figure character. The concept revolves around simplicity.

- Current Price: $0.003201

- Historical High: $0.003744

- 24-Hour Increase: 566K%

- Market Cap: $3.1M

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

4. PLOP: PLOP is a memecoin on the SUI chain, featuring a water droplet character. The concept is to serve as the official mascot of the $SUI chain.

- Current Price: $0.001096

- Historical High: $0.001190

- 24-Hour Increase: 260K%

- Market Cap: $11.1M

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

5. FUD: FUD is a memecoin on the SUI chain, featuring a pug character.

- Current Price: $0.00003252

- Historical High: $0.00003680

- 24-Hour Increase: 17.17%

- Market Cap: $12.1M

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

6. MOODENG: MOODENG is a memecoin on the Solana chain, featuring a hippo character. The concept is based on the recently viral Thai celebrity hippo "Bounce Pig."

- Current Price: $0.08781

- Historical High: $0.08861

- 24-Hour Increase: 80.95%

- Market Cap: $87.3M

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

Bitcoin Ecosystem Overview

Bitcoin Ecosystem Overview:

BTC Mainnet Gas Fee Changes:

- Current BTC Transaction Fee: 4 satoshis/byte  

  Despite market fluctuations, BTC transaction fees have remained persistently low for the past three months.

Fractal Bitcoin Gas Fee Changes:

- Current Transaction Fee: 997 satoshis/byte  

  The surge is attributed to the minting capabilities of the CAT 20 protocol on Fractal Bitcoin, with most transaction activity being inscriptions.

Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:

- ORDI:  

  - Current Price: $36.5  

  - 24-Hour Change: +2.53%  

  - Market Cap: $768M  

- DOG:  

  - Current Price: $0.0026

  - 24-Hour Change: +1.74%  

  - Market Cap: $280M  

- FB:  

  - Current Price: $13.04  

  - 24-Hour Change: -2.2%  

  - Market Cap: $29M  

Today's Popular Projects:

-  PUPSFB :

  - Fractal Bitcoin Inscription  

  - Market Cap: $4.35M 

  - 24-Hour Trading Volume: $6160

  - 24-Hour Change: +1.17%  

  - Number of Holding Addresses: 774

-  𐊶 :

  - Inscription  

  - Market Cap: $20M  

  - 24-Hour Trading Volume: $179,670 

  - 24-Hour Change: +10.57%  

  - Number of Holding Addresses: 838

- NICOLAS•PI•RUNES :

  - Rune  

  - Market Cap: $2.45M 

  - 24-Hour Trading Volume: $14,860

  - 24-Hour Change: +19.8%  

  - Number of Holding Addresses: 10,835

Performances of today's top three tracks

NFT: Overall daily sector increase: 5.50%

1. Boson Protocol: Boson Protocol is the decentralized commerce layer of Web3. It enables the sale of physical goods as redeemable NFTs anywhere, allowing buyers to exchange NFTs for physical products. No intermediaries are required, only code and independent dispute resolvers.

   - Daily Increase: 17%  

   - Current Price: $0.29  

   - Current Market Cap: $47M  

   - 24-Hour Trading Volume: $1.32M  

   - Recent News: Recent News: Announced a partnership with the world's first IRL NFT gallery, SuperchiefGalleryNFT, to tokenize an art collection valued at $5.1 million.

2. HELLO: HELLO is a Web3 ecosystem built around the creation, incubation, and distribution of exclusive TV shows, games, NFTs, and live events.

   - Daily Increase: 16%

   - Current Price: $0.024

   - Current Market Cap: $12M

   - 24-Hour Trading Volume: $1.77M

   - Recent News: HELLO Arcade's weekly leaderboard raffle event

3. BLUR: BLUR is a unique non-fungible token (NFT) marketplace and aggregation platform, known for its advanced features such as real-time price feeds, portfolio management, and multi-market NFT comparison, offering a faster and more intuitive interface than other platforms.

   - Daily Increase: 16%  

   - Current Price: $0.25  

   - Current Market Cap: $24M  

   - 24-Hour Trading Volume: $133.7M  

   - Recent News: Unlocked 39.46 million tokens on September 18, approximately valued at $6.94 million.

MEME: Overall daily sector increase: 5.42%

1. PEPE: PEPEGOLD is a community-based memecoin centered around the iconic meme character Pepe the Frog.

   - Daily Increase: 7.46%  

   - Current Price: $0.00000863  

   - Current Market Cap: $3.63B  

   - 24-Hour Trading Volume: $1.63B  

   - Recent News: Listed on HashKey Global, with futures newly added as collateral on Kraken.

2. dogwifhat: dogwifhat(WIF) is a memecoin that has recently gained attention within the Solana blockchain ecosystem.

  - Daily Increase: 14.83%

  - Current Price: $2.031

  - Current Market Cap: $2.03B

  - 24-Hour Trading Volume: $1.09B

  - Recent News: Listed on HashKey Global on September 3.

3.Shark Cat: Shark Cat is a memecoin on Solana, gaining attention due to its unique branding and a famous legal dispute with the popular Nala Cat.

  - Daily Increase: 35.53%

  - Current Price: $0.02555

  - Current Market Cap: $26.6M

  - 24-Hour Trading Volume: $2.59M

  - Recent News: Reached a licensing agreement allowing the team to use Nala’s image while maintaining control.

DeFi: Overall daily sector increase: 5.01%

1. BOND: BarnBridge is a DeFi risk tokenization protocol. Its application allows users to select from opposing pools, known as tranches, and take positions on risk factors such as interest rates or asset prices.

  - Daily Increase: 44.43%

  - Current Price: $2.152

  - Current Market Cap: $20.86M

  - 24-Hour Trading Volume: $1.41M

  - Recent News: Null

2. HMX: A next-generation decentralized perpetual contract exchange operating on the Arbitrum network, focused on improving capital efficiency through its perpetual cross-margin derivatives exchange.

  - Daily Increase: 18.34%

  - Current Price: $1.76

  - Current Market Cap: $4.26M

  - 24-Hour Trading Volume: $52.2K

  - Recent News: Distributed Dragons weekly.

3. VEGA: Vega is a proof-of-stake blockchain built on Tendermint, enabling the trading of derivatives on a decentralized network.

  - Daily Increase: 13.65%

  - Current Price: $0.0433

  - Current Market Cap: $2.69M

  - 24-Hour Trading Volume: $155.2M

  - Recent News: Proposed to shut down the Vega Alpha mainnet and the VEGA token, and launched a new project called Nebula. The Vega community has approved the proposal, and the Vega chain has been expected to operate until October 27.

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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.

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.

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