BTC has rebounded from lows, but its direction remains unclear

Hot projects + Market overview

I. Mainstream exchange news

• Binance will launch the AERGO/USDT perpetual contracts with up to 75x leverage.
• Binance Futures copy trading will add the DOGS/USDT contract.
• OKX will delist the FRONT/USDT and FRONT/USDC spot trading pairs.

II. Mainstream projects and trending events

• The topic of cryptocurrency was not discussed during the first presidential debate between Donald Trump and Kamala Harris. Bitcoin's price briefly dropped below $57,000 during the debate.
• BitGo has announced the expansion of Wrapped Bitcoin (WBTC) to Avalanche and BNB Chain using LayerZero's OFT standard.
• Ethereum Name Service (ENS) has announced that PayPal and Venmo have integrated ENS into their payment platforms. This feature will initially be available to users in the United States.
• Standard Chartered launched crypto custody services in the UAE.
• Bankrupt cryptocurrency exchange FTX has agreed to pay Emergent Technologies $14 million to settle administrative fees related to the withdrawal of claims on 55 million Robinhood shares, as part of its bankruptcy proceedings.
• State Street Global Advisors has launched three actively managed ETFs focused on digital assets and disruptive technology. The ETFs are supported by Galaxy Asset Management, a subsidiary of Galaxy Digital Holdings, one of the largest digital asset investment firms globally.
• According to Mempool data, an independent Bitcoin miner has earned 3.169 BTC in block rewards and 0.044 BTC all worth over $181,000.
• Layer3 has launched its new Launchpad feature, with Caldera as the first project to go live. Users who participate in the initial tasks will be eligible for a Caldera airdrop and a share of $100,000 in rewards.
• Sony Bank and Sony L2 Soneiu are exploring the launch of a Yen stablecoin.
• tZERO, a securities token platform, has been granted approval to provide digital asset custody services in the United States.
• Scroll DeFi protocol Pencils has announced the first airdrop plan for its DAPP token.

III. Funding news

• Web3 game developer Nytro Lab has raised $8 million in a funding round, led by SevenX Ventures.
• Web3 operating system Fountain has raised $3.5 million in seed funding, participated in by Foundation Capital.
• Ammalgam has raised $2.5 million in seed funding, led by Framework Ventures.
• Orange Cap Games, a blockchain gaming development studio, has announced the completion of a $2 million pre-seed angel funding round, participated in by LayerZero CEO Bryan Pellegrino.
• Exowatt, a modular clean energy solution provider, has raised $20 million in a funding round led by a16z, Atomic, and OpenAI CEO Sam Altman.
• RON ecosystem gaming platform Moku has raised $5.35 million in a funding round led by Sky Mavis.
• Oracle network Blocksense Network has completed a $4 million seed round, led by Permutation, with participation from a16z CSX.
• a16z crypto has announced the 21 companies selected for its 2024 Fall Crypto Startup Accelerator (CSX). Each chosen company will receive an investment of at least $500,000 from a16z CSX.

IV. Regulatory news

• According to the FBI Cryptocurrency Fraud Report 2023,  in 2023, the US saw a record high in crypto-related security complaints, with losses exceeding $5.6 billion.
• Indonesian crypto exchange Indodax has experienced over 150 suspicious transactions, resulting in losses of approximately $18.2 million.

V. Popular projects 

Market overview

Bitcoin has reached $58,100 before correcting. The US stock markets have stabilized, and BTC has been rebounding.

BTC needs to break through $59,000 to reverse the downtrend. The correction from $65,000 has concluded, and the rebound from $52,550 is in progress, but a strong break above $59,000 is necessary to confirm a full market reversal.

BLAZE is up 848% in a day

The price of BLAZE, which mints tokens through daily auctions, has surged 848% in the last 24 hours. 

The token has a total supply of 11 million, and users stake it to earn ETH rewards. The protocol buys back and burns tokens using a portion of its profits to increase value.

BLAZE has reached a market cap of $18.82 million, with a 24-hour trading volume of $2.23 million.

MUNCAT is up 48% in a day 

The price of MUNCAT, a memecoin featuring a cat stranded on the moon, has increased by 48% in the past 24 hours.

Launched on SunPump, MUNCAT has reached a market cap of $25.56 million with $610,000 in liquidity. Since its launch on August 21, MUNCAT has surged over 40-fold in value.

WOO is up 12% in a day

The WOO token has seen a 12% day increase in price after WOO X launched its copy trading product on September 9.

The price increase follows WOO X crypto exchange’s launch of a unique CounterTrading feature, allowing users to profit by taking opposite positions from lead traders 

DRIFT is up 18% in a day

Drift Protocol, a decentralized trading platform built on Solana, has seen its token DRIFT rise by 18% in the last 24 hours.

Launched in May 2024, DRIFT experienced a price spike after Multicoin Capital revealed in a report on September 11 that it had accumulated a significant DRIFT position through its liquidity and venture funds.

DRIFT’s 24-hour trading volume has exceeded $18 million.

On-chain daily

1. GOWILLA: GOWILLA is a memecoin on the Solana chain, derived from the DEEBO concept.

Current Price: $0.0007736

Historical High: $0.009257

24-Hour Increase: 2582%

Current Market Value: $3.8M

Official Twitter: https://x.com/solgowilla?s=21

2. KID: KID is a memecoin on the Solana chain, originating from a 15-year-old kid named Deu.

Current Price: $0.0003520

Historical High: $0.0004985

24-Hour Increase: 545%

Current Market Value: $1.3M

Official Twitter: https://x.com/kidonsol

3. FP: FP is a memecoin on the Solana chain, featuring Fluffy Pickle, a furry pickle mascot.

Current Price: $0.0002955

Historical High: $0.0004824

24-Hour Increase: 174%

Current Market Value: $1.8M

Official Twitter: https://x.com/kidonsol

4. CATE: CATE is a memecoin on the Ethereum chain and a part of the Dogeverse.

Current Price: $0.01458

Historical High: $0.01535

24-Hour Increase: 150%

Current Market Value: $8.8M

Official Twitter: https://x.com/cateonethereum

5. HARRIS: HARRIS is a memecoin on the Ethereum chain centered around Kamala Harris, who is seen as a strong contender for the Democratic nomination. The token has been taken over by the community. The price surged following her strong performance in the September 11th presidential debate against Donald Trump.

Current Price: $0.0008825

Historical High: $0.004665

24-Hour Increase: 58.58%

Current Market Value: $1.7M

Official Twitter: https://x.com/KamalaHarrisERC

6. WUKONG: WUKONG is a memecoin on the Ethereum chain inspired by the game Black Myth: Wukong. The token gained attention recently when Elon Musk shared a deepfake picture, praising the game as an impressive AAA title.

Current Price: $0.001850

Historical High: $0.001896

24-Hour Increase: 134%

Current Market Value: $1.7M

Official Twitter: https://x.com/Wukongethcoin

Daily runes observation

Gas Fee Change:

Current BTC transaction fee: 5 satoshis/byte

Note: Despite market conditions, fees have remained persistently low for three months. 

However, with the recent launch of the Fractal Bitcoin Mainnet, transaction fees have surged above 40 satoshis/byte, with high-priority fees skyrocketing to over 100 satoshis/byte. 

This is due to the new Covenant Attested Token (CAT) Protocol launch, which features characteristics like no need for indexers, modularity, programmable minting, and cross-chain interoperability. CAT Protocol can operate on any Bitcoin-compatible blockchain that activates OP_CAT.

Today's Popular Projects:

THE•TRUMP•RUNES:

Status: Fully minted

Market Value: $215K

24-Hour Trading Volume: $168,607

Increase: 10,000%

Holding Addresses: 410

WUKONG•MYTHS:

Status: Fully minted

Market Value: $1.28M

24-Hour Trading Volume: $121,098

Increase: 1761%

Holding Addresses: 354

ZEUS•RUNES•BITCOIN:

Status: Fully minted

Market Value: $8.8M

24-Hour Trading Volume: $19,801

Increase: 30%

Holding Addresses: 3015

Top Rune Projects Tracking:

DOG•GO•TO•THE•MOON: Rune #3, also an airdropped rune from Runestone.

Current Price: 4.6 Sats

24-Hour Change: -0.63%

Current Market Value: 4600 BTC

RSIC•GENESIS•RUNE: Rune #8, from the renowned RSIC inscription mining project.

Current Price: 5.1 Sats

24-Hour Change: +8.5%

Current Market Value: 1069 BTC

BANK•OF•NAKAMOTO•DOLLAR: A synthetic dollar protocol built on Bitcoin L1.

Current Price: 2.9 Sats

24-Hour Change: -3.3%

Current Market Value: 609 BTC

Performances of today's top three tracks

SocialFi Sector Daily Increase: 5.13%

1. PUSH: EPNS (Ethereum Push Notification Service) is a decentralized notification protocol that allows users to receive notifications from dApps, services, or smart contracts across multiple platforms. PUSH is the native governance token of the protocol, allowing holders to participate in governance and earn rewards from network fees, 70% of which are distributed to PUSH holders. The fee pool will activate approximately one year after the protocol launch.

Daily Increase: 7.41%

Current Price: $0.0696

Current Market Value: $4.20M

24-Hour Trading Volume: $4.11K

Recent Activity: The rise could be attributed to the social media announcement of the launch of Wallet Tracker, which claims to add lightweight features to crypto wallets, including token price tracking, Web3 news updates, PUSH and Uniswap V2 LP staking APR updates, and latest hack news alerts.

2. TON: TON (The Open Network) is a next-generation blockchain platform that is fast, secure, and scalable. TON can process millions of transactions per second if necessary and is user and service-provider-friendly. It can host current and future applications.

Daily Increase: 5.96%

Current Price: $5.29

Current Market Value: $2.03B

24-Hour Trading Volume: $5.90M

Recent Activity: The increase may be linked to their updated profile image that combines the TON logo with the Resistance Dog, a symbol of the digital resistance movement due to recent accusations against Telegram’s CEO. This highlights the network’s stance on defending digital privacy and freedom of speech.

3. PTS: Petals (PTS) is a Web3.0 short video creation and social platform built entirely on blockchain technology, designed to promote value transfer and fair distribution among users. Content consumers, producers, backend service providers, and advertisers can create value through value redistribution.

Daily Increase: 5.93%

Current Price: $0.0000122

Current Market Value: $172.3K

24-Hour Trading Volume: $2.947K

Recent Activity: The boost might be due to their announcement of an airdrop event on Telegram (link: https://t.me/PetalsVideo/416214).

AI Sector Daily Increase: 5.09%

1. ALI: Artificial Liquid Intelligence (ALI); Alethea AI is building a decentralized protocol to enable the creation of interactive and intelligent NFTs (iNFTs). As the initiator of the iNFT standard, Alethea AI embeds AI animation, interaction, and generative AI capabilities into NFTs. ALI tokens serve as the native utility token of the iNFT protocol and the applications built on it.

Daily Increase: 14.6%

Current Price: $0.009511

Current Market Value: $58.77M

24-Hour Trading Volume: $55.1K

Recent Activity: None

2. DSLA: DSLA Protocol (DSLA); Stacktical is a platform that deploys Service Level Agreements (SLAs) on the blockchain. It helps online businesses improve service reliability by automatically compensating customers for slowdowns, downtime, and unresponsive customer support. The platform is powered by DSLA tokens (Decentralized Service Level Agreement). 

Daily Increase: 13%

Current Price: $0.0001916

Current Market Value: $1.066M

24-Hour Trading Volume: $702.05

Recent Activity: None

3. FET: Fetch.AI combines machine learning (ML), artificial intelligence (AI), multi-agent systems, and decentralized ledger technology. Fetch tokens are used as a digital currency for any transaction or secure communication on the Fetch.AI network. Nodes and agents must stake tokens to gain operational qualifications.

Daily Increase: 11.1%

Current Price: $1.3

Current Market Value: $3.3B

24-Hour Trading Volume: $8.35M

Recent Activity: Likely due to the September 9th wallet update announcement (v1.0.2), introducing governance features and auto-locking. It could also be linked to their recent rebranding as ASI_Alliance after merging with SingularityNET and Oceanprotocol. They have launched a “Governance Proposal” feature allowing users to vote on governance proposals.

RWA Sector Daily Increase: 2.77%

1. OM: Mantra (OM) is an RWA Layer 1 blockchain. Built for institutions and developers, Mantra provides a permissionless blockchain for permissioned applications. Key features include Cosmos SDK compatibility, IBC support, and security via a sovereign PoS validator set.

Daily Increase: 8.38%

Current Price: $1.02

Current Market Value: $866M

24-Hour Trading Volume: $266.8K

Recent Activity: The rise may be due to the staking rewards promotion announced via official media (link: https://t.me/MANTRA_Chain/512698).

2. PENDLE: Pendle (PENDLE) is a permissionless yield trading protocol that allows users to manage yield through tokenizing future yield. Pendle tokens can be used for governance, liquidity provision, and benefiting from protocol fees.

Daily Increase: 6.18%

Current Price: $3.18

Current Market Value: $0.5B

24-Hour Trading Volume: $746.3K

Recent Activity: The increase might be due to ZERO’s tweet highlighting Pendle as an exclusive market for BTC-based tokens like eBTC (link: https://twitter.com/zerolendxyz/status/1833165820798927176).

3. CTC: Creditcoin (CTC) is a global credit network platform connecting blockchain assets to create an inter-blockchain lending marketplace. Creditcoin aims to create a secure, transparent crypto lending market where fundraisers and lenders can connect directly.

Daily Increase: 5.45%

Current Price: $0.4186

Current Market Value: $156M

24-Hour Trading Volume: $153.6K

Recent Activity: The increase may be linked to the official media announcement about the launch of their credit wallet, which features WalletConnect, optimized gas fees, and the ability to transfer CTC tokens between native and EVM addresses (link: https://t.me/CreditcoinOfficial/708).

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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