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How much key market intelligence did you miss on October 16?

How much key market intelligence did you miss on October 16?

BlockBeatsBlockBeats2024/10/16 11:00
By:BlockBeats

1. Hot topics: XRP, LTC; 2. Biggest rise and fall: $D.O.G.E, $GOAT, $REEF; 3. Top news: Ethereum ecosystem meme coin Neiro will be launched on Base network

Featured News


1.Ethereum ecosystem meme coin Neiro will be launched on the Base network

2.pump.fun daily active users and new addresses both hit record highs

3.Small-cap L2 tokens generally rose, METIS rose more than 10% in 24 hours

4.Ethereum Meme coin Terminus rose 200% in 3 hours, with a market value of 759 5. Storj project address transferred 5 million STORJ to GSR's Binance deposit address 2 hours ago. Trending topics Source: Overheard on CT (tg: @overheardonct), Kaito XRP: Today Ripple announced the launch of the dollar-pegged stablecoin RLUSD and partnerships with major trading platforms such as Uphold, Bitstamp and MoonPay, and is currently awaiting regulatory approval. In addition, Grayscale applied to convert its digital large-cap fund, including XRP, into an ETF, which further stimulated people's interest. The Ripple Swell event also highlighted Ripple's strategic initiatives and partnerships, which brought positive sentiment to XRP.


LTC: The main discussion around Litecoin (LTC) today has centered around Canary Capital’s Litecoin ETF application filed with the SEC, which has generated a lot of attention and positive sentiment on Twitter. The move follows Canary’s recent XRP ETF filing and is seen as a potential catalyst for increased institutional interest in Litecoin. The news has led to a surge in LTC’s social engagement, trading volume, and price performance, making it one of the biggest gainers in the crypto discussion.


POLYMARKET: Today's discussion around POLYMARKET has focused on major betting activity related to the upcoming US presidential election, with a particular focus on Trump's odds. Reports that an entity is taking large bets on Trump have raised questions about market manipulation and its impact on public opinion. The community has compared POLYMARKET's odds to other prediction models, highlighting the differences and sparking debate about their accuracy. In addition, POLYMARKET's integration with Pyth Network and its role in the broader crypto ecosystem is also under discussion.


Threads&Tweets


1. About the future of meme and liquidity, @0xKyle__


2. About the idea of MakerDAO brand update, @blockworksres


3. About selling flying golden dogs, @0xSunNFT


Featured Articles


1.《Vitalik New Article: Where else can Ethereum PoS be improved? How to achieve it?

Vitalik Buterin

Originally, "merge" referred to the most important event in the history of the Ethereum protocol since its launch: the long-awaited and hard-won transition from proof of work to proof of stake. Today, Ethereum has been a stable and running proof of stake system for nearly two years, and this proof of stake has performed very well in terms of stability, performance, and avoiding centralization risks. However, there are still some important areas for proof of stake to improve.


2.《The Art of Liquidity: What Kind of Bitcoin Off-Chain Expansion Network Do We Need

Ben, Discoco Labs founder

During the writing of this article, the industry-renowned lightning self-custodial wallet Mutiny Wallet announced its closure, and its partner Liquidity Service Provider (LSP) also ceased operations. The collaboration model between self-custodial wallets and LSPs has always been considered an important direction for the future of the lightning network, which inevitably makes people worry about its future again. Therefore, at this point in time, this article will explore the evolution of the channel network and its future development trends from the perspective of liquidity expansion.


On-chain data

On-chain fund flows on October 16


Maximum gainers and losers

Token volatility on October 16, sorted by 24h trading volume


Maximum gainers


1.$D.O.G.E (ETH)


2.$GOAT (Solana)


3.$DEEP (Sui)


Biggest Drawdown


1.$REEF


2.$MOODENG (Solana)


3.$PUFFER (ETH)

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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