Bitget Research Institute: Bitcoin exceeded $44,000, ORDI fell first and then rose due to the Luke incident

1. Popular currencies

ORDI（Token）：ORDI has experienced sharp rises and falls in the past 24 hours. The price first fell almost straight from $63.26 to $43.59, then rose to an all-time high of $68.37, and is currently back around $55. The main reason comes from Bitcoin Core developer Luke saying on social media that Bitcoin Inscription is using a vulnerability in the Bitcoin Core client to send spam information to the blockchain. If the vulnerability is fixed, it means that Ordinals and BRC-20 will no longer exist. ; There was a lot of opposition and criticism from the community about his statement, and then Luke surrendered to the community, saying that it is not necessary to eradicate all inscriptions to provide value to Bitcoin.

SHIB（Token）：Yesterday was the 10th anniversary of the birth of Dogecoin. Benefiting from the enthusiasm of the community celebration, meme coins experienced a wave of rise. SHIB once rose by 6% in the past 24 hours, with a 24-hour trading volume of 550 million US dollars.

GEMINI（Token）：Google announced the launch of its latest and most powerful artificial intelligence model Gemini. This model was developed by the Google DeepMind team and can understand and process different types of information such as text, code, audio, images and videos. Inspired by this news, the GEMINI token appeared on the chain, with its market value rising to US$5 million and transaction volume of US$8 million.

MUBI（Token）：MUBI is BRC 20-ERC 20Cross-chain bridgeThe native protocol token of the project Multibit. With the popularity of the BRC 20 ecology, the corresponding hype has also extended to Ethereum. Multibit allows users to cross-chain BRC 20 from the Bitcoin network to the Ethereum network to enjoy the corresponding Defi ecology, because This unique feature has been sought after and hyped by market funds. With the BRC 20 track market, MUBIs market value has hit new highs, currently reaching US$87.7 million.

2. Popular NFTs

GasHeroBadge（NFT）：Gas Hero is a Web3 social and strategy game developed by the former StepN team. Unlike traditional games, Gas Hero places a strong emphasis on game theory, providing players with richer strategies, and utilizes a decentralized trading platform to maximize the transparency of on-chain data. The game has just been launched, and NFT transactions in the game are quite popular.

Smart Cats（NFT）：SmartLayer-related NFT currently has 800,000+ holders. Smart Cats can be fed, cleaned and other operations can be performed to upgrade the NFT. Because users anticipate SmartLayer’s future airdrops, the transaction volume of this NFT is very high.

3. Popular DAPPs

Inscription BSC（Dapp）：The popularity of inscriptions has extended to the BSC chain. Currently, 900 inscriptions have been born, and the number of transactions accounts for 23% of the transactions on the chain. Only Pancakeswap and BUSD appear on the gas consumption list on the chain.

Inscription Polygon（Dapp）：The inscription track is hot. Polygon has produced more than 900 kinds of inscriptions. The number of transactions accounts for 66% of the transactions on the chain, occupying the gas consumption list.

Port 3 aggregator（Dapp）：Port 3 is a social dataOracleThe project, incubated by Binance Labs, has main features including creating a decentralized social data oracle based on data aggregation, providing open data layer services for various Web3 identity and asset applications, and introducing an incentive layer to empower contributors, ultimately realizing user data Ownership; Port 3’s social data oracle aims to solve three core issues: organization and connection of data, ownership of data rights to users, and protection of user privacy.

xPet.tech（Dapp）：The socialfi project on the Arbitrum chain has a gameplay similar to Fren Pet, requiring players to feed and accompany pets and ensure their survival, thereby helping players earn token rewards. The difference from Fren Pet is that xPET uses browser plug-ins to play games instead of home screen games like Fren Pet, which means xPET has more possibilities for strong interaction with Twitter.

Arbitrum（Dapp）：According to L2B EAT data, Arbitrum One network TVL is now US$8.12 billion, a record high, with an increase of 7.08% in the past seven days.

Friend.Tech（Dapp）：According to DefiLlama data, friend.tech TVL is currently US$38.2 million, which has fallen significantly compared to the historical high on October 2 (US$52.04 million), and has rebounded from the low of US$28 million. Previously, the Twitter account @0x RacerAlt of friend.tech founder Racer could no longer be displayed.

Jupiter Exchange（Dapp）：Solana ecological trading derivatives exchange Jupiter Exchange has announced the details of the JUP community airdrop. The total amount of JUP is 10 billion pieces, 40% will be allocated to the community through 4 rounds of airdrops, and 10% (1 billion pieces) will be allocated in this round. 955,000 wallets that interacted directly with Jupiter before November 2 are eligible for airdrops, and there will be subsequent airdrops for new users.

Lido（Dapp）：Officials posted on social platforms to disclose that the TVL of the agreement has increased to US$20.48 billion, Base on wstETHDeposits have increased by 35.96% in the past week. At the same time, a new proposal from the community proposes to adopt the xERC 20 open standard for wstETH full-chain circulation. xERC 20 is an open cross-chain standard (EIP 72816) that allows any cross-chain bridge to be used with Lido.

Jito（Dapp）：Solana ecological liquidity staking protocol Jito announced the launch of the governance token JTO. The total amount of JTO is 1 billion, 10% of which will be retroactively airdropped to the community. The tokens will be used for community governance, and holders can participate in setting up the JitoSOL equity pool. fees, update the delegation strategy by controlling StakeNet parameters, manage the income of the DAO treasury and JitoSOL of JTO tokens, and contribute to the enhancement of Jito Network.

4.Twitter hot discussion

TIA（Token）：The modular public chain TIA continued to surge and hit new highs after TGE, triggering extensive discussions on social media and causing large fluctuations in currency prices following the market correction. Yesterday, the price briefly exceeded 10 US dollars and then began to fall. The trading volume continued to remain at a high level, so you can continue to pay attention.

5. Regional hot searches

Helium（Token）：The market is recovering, market transaction volume has increased, and the market wealth effect is good. Helium announced yesterday that Helium’s mobile phone business has developed a $20/month mobile phone package business, and the revenue of future projects may improve. The open interest volume of contracts on the secondary market surged 4 times yesterday, with funds entering the market, causing the token price to rise rapidly. according toBitgetAccording to the market situation, HNT rose 62% in 24 hours, with high market attention;

[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.