Memeland Launches MEME Token Fire Sale | Cryptocurrency Trend

1.Mainstream Exchange Trends:

• Binance is set to launch the USDS-M POWR Perpetual Contract on October 27 at 10:30 AM (UTC+8), with up to 50x leverage.
• In a post on X, Justin Sun shares that following the third quarter of 2023, the actual revenue was US$202 million and the expenses amounted to US$104 million, with profits being estimated at $98 million, m arking a QOC increase of 14%.
• Bitget announced the launch of a new Launchpad project, T2T2, with a new team mode.
• Bybit Launchpool to list Celestia (TIA) on October 31.
• Bitget to list Tottenham Hotspur fan token (SPURS) in the Innovation Zone and Fan Token Zone.
• Binance announced the appointment of Kyrylo Khomiakov, General Manager for Central and Eastern Europe (CEE), as Head of CEE and Central Asia.

2.Cryptocurrency Trends:

• The Arbitrum Orbit is ready for mainnet deployment. Arbitrum Orbit is a program launched earlier this year that allows blockchain developers to use Arbitrum's technology to launch their own Layer 2 or Layer 3 networks.
• Ethernet developer confirmed that Dencun upgrade will not not be implemented before the end of this year.
• LSD stablecoin protocol Prisma Finance has announced the launch of its governance token PRISMA on November 2.
• Memeland has launched the sale of MEME tokens and announced the token contract address.
• DYdX Chain has launched on its mainnet as an independent Cosmos Layer 1 network, and the alpha phase is expected to start on October 30.
• Floki launched the asset tokenization platform TokenFi, with 56% of its tokens to be distributed to Floki holders.

3.Financing Trends:

• Aera, a new startup founded by Tarun Chitra, the founder of DeFi risk manager Gauntlet, has announced the closing of a US$8 million funding round led by Bain Capital Crypto with participation from Jump Trading.
• In a post on the X platform, the custody product De.Fi announced that it has secured an investment from OKX Ventures, with the exact amount remaining undisclosed.

4.Regulatory Trends:

• According to the Wall Street Journal, Sam Bankman-Fried's defense team has asked the judge presiding over the case for a not guilty verdict, stating that the prosecutors failed to prove the charges. This is a common request from the defense after the government adjourns the case. The judge denied the request, indicating that the trial will continue and the defense will soon begin presenting its case.
• The People's Court Daily published an article titled Criminal Determination of Virtual Currency Settlement and Payment Assistance, pointing out that virtual currency settlement and payment assistance refers to the use of virtual currency to provide property transfer assistance for others to commit telecommunications fraud.
• On October 26, the UK Parliament passed the Economic Crime and Corporate Transparency Bill, allowing law enforcement agencies to crack down on the use of cryptocurrencies related to criminal activity without the need for a conviction, CoinDesk reported.