BTC hits an all-time high

BTC hits an all-time high

Hot projects + Market overview

I. Mainstream exchange news

  • WOO X has listed SPX/USDT perpetual contracts with up to 20x leverage.
  • OKX will list MEMEFI/USDT spot trading on November 22.
  • Bybit has been granted a virtual assets service provider license in Georgia.
  • Bitget plans to launch a launchpool project Swell (SWELL), with a total prize pool of 19.5 million SWELL.
  • Bitget has opened the application channel for listing assets, enhancing the fairness and transparency of the listing process.
  • Binance has obtained a banking license in Bahrain and is looking to invest in AI  in the Middle East.

II. Mainstream projects and trending events

  • Espresso, a blockchain protocol development team focused on scalability and privacy, will launch its mainnet within weeks.
  • Swiss startup Nym Technologie plans to repurchase $1 million worth of NYM tokens and launch NymVPN on December 12.
  • SuiNS will introduce the token NS, 10% of the token supply is earmarked for a community airdrop.
  • Web3 social platform and infrastructure provider UXLINK and PAN have reached a strategic cooperation, aiming to promote the construction of Bitcoin infrastructure.
  • Worldwide Stablecoin Payment Network (WSPN), Viction, a global Layer-1 blockchain, and Ninety Eight (formerly Coin98), have formed a strategic partnership to develop the stablecoin WUSD.
  • Kamino Finance has launched the Jito isolated market within Kamino Lend, facilitating the growth of JitoSOL.
  • Eugene Cheung, Chief Institutional Business Officer at OSL, has emphasized that Hong Kong is poised to become a global RWA tokenization hub and is exploring a blockchain-based platform through Ensemble.
  • The Universal Digital Payments Network (UDPN) and Aptos Labs have collaborated to develop an institutional-grade stablecoin management and tokenized deposit system.

III. Funding news

  • Uniswap Hook Incubator has announced a $1.2 million grant to Atrium Academy to expand the Uniswap Hook Incubator (UHI) project.

IV. Regulatory news

  • The Cyprus Securities and Exchange Commission has said the suspension of the authorization of the Cyprus Investment Firm FTX (EU) Ltd is extended until May 30, 2025.
  • The Bank of Italy warns that unpredictable regulations and higher taxes on cryptocurrency could push operators to conceal their activities.
  • The State Bank of Pakistan (SBP) has proposed amendments to its SBP Act to enable the central bank to issue and regulate cryptocurrencies.

V. Popular projects 

Market overview

Bitcoin has hit its all-time high at $75,000, and in order to continue reaching new highs, Bitcoin must maintain above $72,000.

Apart from Bitcoin, Solana has shown strong performance, with the SOL/ETH exchange rate rebounding to 0.07, approaching its previous high of 0.071. The final election results could signal potential market shifts.

PNUT: Stimulated by the US election

PNUT, a token associated with Peanut the viral squirrel, has surged over 100% in value as Donald Trump leads in the polls.

Previously, New York's Department of Environmental Protection (DEC) controversially removed Peanut due to rabies concerns, sparking widespread online outcry.

Elon Musk, a major Trump supporter, criticized the DEC's actions, boosting PNUT's visibility and market cap, which now stands at $83.27 million.

DOGE: Musk-related memecoin

DOGE, known as the Department Of Government Efficiency meme, stems from Elon Musk's X post on September 7 featuring an image tagged with "DOGE" and the phrase "Department Of Government Efficiency."

This meme carries political undertones and has reached a liquidity of $2.7 million, with a market cap of $75 million.

ZEREBRO: AI memecoin hype

 ZEREBRO, a cross-chain, multi-platform AI dubbed a schizophrenic artist, has launched tokens on both ETH and SOL, complete with a detailed whitepaper.

Users can engage with its dialogues, offering a unique pixel art style that stands out from other AI bots.

 This distinct approach has garnered considerable community attention, with ZEREBRO's market cap currently standing at $31 million.

USA: Country-themed Meme

As the US elections draw to a close, the USA memecoin, built on the Solana ecosystem, gains special significance.

Unlike the frequently speculated Trump and Harris-related memecoins, USA is considered a safer option with a lower market cap.

It currently has $1.8 million in on-chain liquidity and a market cap of $38.48 million.

SIGMA: Memecoin symbolizing independence

SIGMA, symbolizing self-reliance and strategic independence, features individuals exploring cryptocurrency markets beyond traditional investment frameworks.

Built on Solana with no taxes and no team allocations, the SIGMA token has a total supply of 100 million tokens.

With $3.1 million in on-chain liquidity, SIGMA's market cap has reached $120 million, recently hitting a new high.

On-chain daily

1. TRUMP47/SOL: TRUMP47/SOL is a memecoin on Solana, featuring the concept that Donald Trump will become the 47th President of the United States.

2. 47: 47 is a memecoin on the Solana network with the same concept as the aforementioned TRUMP47.

3. DOGE: DOGE is a memecoin on Solana, featuring the abbreviation for the Department of Government Efficiency proposed by Musk.

4. PNUT: PNUT is a memecoin on Solana, featuring the internet-famous squirrel that was euthanized, which subsequently led to criticism of the Democratic Party by both Elon Musk and Donald Trump.

  • On-Chain Token Holding Addresses: 33,657
  • Current Price: $0.0846
  • Market Cap: $84.6M
  • Official Twitter: https://x.com/pnutsolana

5. PATRIOT: PATRIOT is a memecoin on Ethereum, featuring patriotism and also a Trump-related coin.

6. SHRUB: SHRUB is a memecoin on Ethereum, featuring the name of Musk's pet hedgehog, SHRUB, as he responded to a Twitter user's question.

Bitcoin Ecosystem Overview

BTC Mainnet Gas Fee Update:

  • Current BTC Transaction Fee: 2 satoshis/byte
  • Gas fees are in a sustained downtrend.

Fractal Bitcoin Gas Fee Update:

  • Current Transaction Fee: 2 satoshis/byte
  • Gas Fee prices have plummeted significantly, with a recent trend of low activity, and today's overall level is a new low in recent times.

Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:

ORDI:

  • Current Price: $32.15
  • 24-Hour Change: +5.12%
  • Market Cap: $675.22M

DOG:

  • Current Price: $0.004076
  • 24-Hour Change: +18.60%
  • Market Cap: $407.36M

FB:

  • Current Price: $4.72
  • 24-Hour Change: -1.63%
  • Market Cap: $25.10M

Today's Popular Projects:

GLIZZY: Fractal Bitcoin Inscription, featuring hot dogs, with many interesting related narratives. Listed on Gate.io. It has a large community size.

  • Current Market Cap: $1.97M
  • 24-Hour Trading Volume: $964.18K
  • 24-Hour Increase: -0.0000046%
  • Number of Holders: 18,466

RSK: Featuring BTC sidechain Rootstock, it has gained recent popularity.

  • Current Market Cap: $35.33M
  • 24-Hour Trading Volume: $79.22K
  • 24-Hour Increase: +8.8%
  • Number of Holders: 4,553

BILLION•DOLLAR•CAT: Rune, featuring a billion-dollar cat. The community is growing, with 31.8K Twitter followers and tweet views ranging from 1K to 77K.

  • Current Market Cap: $76.98M
  • 24-Hour Trading Volume: $125.44K
  • 24-Hour Increase: +6.79%
  • Number of Holders: 11,368

Performances of today's top three tracks

Meme: Overall daily sector change: 13.18%

1. DOGE: Dogecoin was created as a joke in 2013 by software engineers Billy Markus and Jackson Palmer.

  • Daily Increase: 16.23%
  • Current Price: $0.1891
  • Current Market Cap: $27.67B
  • 24-Hour Trading Volume: $5.69B
  • Recent News: Following Elon Musk's support for Donald Trump, Dogecoin prices have surged significantly - 11.5

2. SHIB: A memecoin on Ethereum, named after the Japanese Shiba Inu breed.

  • Daily Increase: 8.79%
  • Current Price: $0.00001883
  • Current Market Cap: $11.07B
  • 24-Hour Trading Volume: $914M
  • Recent News: SHIB has released the S.H.I.B. plan proposal, planning to establish an innovation and blockchain strategy center in the United States - 11.5

3. Pepe: A memecoin on Ethereum, featuring the internet meme character Pepe the Frog.

  • Daily Increase: 14.02%
  • Current Price: $0.00000918
  • Current Market Cap: $3.85B
  • 24-Hour Trading Volume: $1.65B

AI: Overall daily sector change: 12.52%

1. TAO: Bittensor is an open-source protocol that uses blockchain technology to build decentralized neural networks. It allows machine learning models to interact and learn directly on-chain, aiming to incentivize the creation and planning of AI models in a decentralized manner, making AI technology accessible to all.

  • Daily Increase: 21.04%
  • Current Price: $509.2
  • Current Market Cap: $3.75B
  • 24-Hour Trading Volume: $175.66M

2. FET: Fetch.ai is a pioneering blockchain platform that combines artificial intelligence with decentralized networks to empower autonomous economic agents.

  • Daily Increase: 14.75%
  • Current Price: $1.3
  • Current Market Cap: $3.42B
  • 24-Hour Trading Volume: $370.84M

3. RENDER: RenderToken (RNDR) is an Ethereum-based distributed GPU rendering network, designed to connect artists and studios requiring GPU computing power with mining partners willing to rent out their GPU capabilities.

  • Daily Increase: 10.34%
  • Current Price: $4.726
  • Current Market Cap: $1.86B
  • 24-Hour Trading Volume: $116.33M
  • Recent News: APT, XAI, and RENDER are facing a one-time large unlock - 9.9

DeFi: Overall daily sector change: 8.98%

1. LINK: The first decentralized oracle network, allowing anyone to securely provide key external data, off-chain payment, and access to any other API functions for smart contracts.

  • Daily Increase: 11.23%
  • Current Price: $11.41
  • Current Market Cap: $7.19B
  • 24-Hour Trading Volume: $432.85M

2. UNI: The first decentralized token exchange protocol built on Ethereum, allowing users to directly exchange tokens without relying on centralized exchanges.

  • Daily Increase: 15.17%
  • Current Price: $7.857
  • Current Market Cap: $4.73B
  • 24-Hour Trading Volume: $292.65M
  • Recent News: Planning to hold Uniday event during Devcon in Bangkok on November 11. Unichain announces the launch of a new verification network - 11.1

3. AAVE: AAVE is a decentralized, open-source, non-custodial liquidity protocol based on Ethereum, allowing users to lend, borrow digital assets, and earn interest.

  • Daily Increase: 12.61%
  • Current Price: $147.1
  • Current Market Cap: $2.2B
  • 24-Hour Trading Volume: $329.24M
  • Recent News: Aave's proposal to add wstETH to Aave V3 on BNB Chain is open for voting - 11.1Aave Labs has launched Aave V3.2 - 10.10Aave V3 has been deployed on the ZKsync Era mainnet - 9.23

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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