1. Popular CEX currencies

Top 10 CEX trading volume and 24-hour price changes:

• BTC: +1.17%
• ETH: +1.34%
• SOL: +3.49%
• BNB: -1.24%
• DOGE: +2.36%
• MDT: +3.94%
• FORM：+7.02%
• CAKE: -6.79%
• PIVX: +6.21%
• ASTER: -7.62%

24-hour price increase list (data source: OKX):

• TOSHI: +13.74%
• WLD: +7.27%
• PARTI: +7.12%
• NEIRO: +6.76%
• GEAR: +5.85%
• WOO: +5.55%
• ASP: +5.25%
• LQTY: +5.09%
• NOT: +5%
• QTUM: +4.68%

24-hour cryptocurrency stock price increase list (data source: MyStonks ):

• FIG: +17.52%
• DFDV: +16.79%
• AMD: +13.9%
• SOXL: +11.98%
• TEM: +11.07%
• FLY: +10.41%
• CRWV: +9.45%
• FCX: +7.54%
• MU: +6.09%
• RKLB: +5.84%

2. Top 5 popular memes on the chain (data source: GMGN ):

• Apple Chain
• TROLLOWEEN
• underdog
• TRUMP
• USELESS

Headlines

Fed meeting minutes: Almost all members agreed to cut interest rates by 25 basis points

The minutes of the Federal Reserve meeting mentioned that participants agreed that recent indicators showed that the growth of economic activity slowed in the first half of this year. To reflect the latest developments in the labor market, they agreed to no longer describe labor market conditions as "solid", but instead to describe job growth as having slowed and the unemployment rate as having risen slightly but remaining low. Participants agreed that inflation remained slightly high and agreed to add that inflation had increased. They agreed that the committee should pay attention to risks on both sides of its "dual mandate" and added that downside risks to employment had increased to reflect their concerns about the labor market. To support the committee's goals and taking into account the changes in the balance of risks, almost all members agreed to lower the target range for the federal funds rate by 25 basis points to 4%-4.25%. One member voted against the decision, advocating a 50 basis point rate cut.

Grayscale's Ethereum spot ETF pledged 857,600 ETH, about $3.88 billion

According to on-chain analyst Ember's monitoring, the two Ethereum spot ETFs managed by Grayscale continued to stake 857,600 ETH (about US$3.88 billion) 3 hours ago, and a total of 1.1616 million ETH has been deposited into stake since staking was allowed.

Industry News

Bit Digital increased its holdings by 31,057 ETH, bringing its current holdings to 150,244 ETH.

Ethereum treasury company Bit Digital announced on the X platform that it has increased its holdings by 31,057 ETH, bringing its current holdings to 150,244 ETH.

Jensen Huang: I've invested in Musk's xAI, but I regret not investing in OpenAI earlier

Nvidia CEO Jensen Huang confirmed that Nvidia has invested in xAI, a startup owned by Elon Musk. Huang said he was very excited about xAI's ongoing financing, and admitted that he hopes to participate in almost all areas that Musk is involved in. Regarding another AI giant, OpenAI, he mentioned that the deal between Nvidia and OpenAI will help the startup prepare to become a "self-hosted hyperscale data center operator", but he himself was not aware of the deal between OpenAI and AMD before it was publicly announced. In addition, Huang said frankly that he regretted not investing in OpenAI earlier, and pointed out that OpenAI's revenue is growing exponentially. When asked how OpenAI will fund the deal with Nvidia, he responded that OpenAI "has no money yet" and will raise funds through revenue and equity or debt financing.

Ark Invest has sold approximately 17,828 shares of Brera Holdings, a subsidiary of SOL, bringing its total holdings to over 70,000 shares in the past two days.

Ark Invest Tracker published data on the X platform, showing that Ark Invest once again sold approximately 17,828 shares of SOL treasury company Brera Holdings through its ARKK fund on October 7. It is reported that ARKK Fund sold approximately 54,400 shares of Brera Holdings yesterday, and has reduced its holdings of the company's stock by a total of 72,228 shares in the past two days.

Project News

Plume acquires Dinero Protocol, a DeFi yield farming protocol for the Ethereum ecosystem

Plume, a public blockchain focused on real-world asset finance (RWAfi), announced the acquisition of Dinero, the fastest-growing institutional-grade staking protocol on Ethereum. This acquisition will integrate staking functionality for ETH, SOL, and BTC into the Plume ecosystem, enabling institutions and DeFi users to earn yield and manage tokenized assets on the same platform. Dinero's staking product, the yield-generating token ipxETH, has reportedly reached $125 million in total value locked (TVL) and is expected to underpin Plume's expansion of its DeFi yield-generating offerings.

Lista: The platform was suspended due to abnormal price fluctuations of collateral, and the funds in the agreement are safe

Lista DAO announced on the X platform that its security team has detected unusual price fluctuations in a collateral asset (YUSD) within the Lista lending protocol. As a precautionary measure, the Lista platform has been temporarily suspended to ensure the full protection of all user funds. A detailed investigation is currently underway, and service will be restored once the system is confirmed to be completely secure and stable. All funds within the Lista lending protocol are safe.

Polymarket CEO reveals two previously undisclosed funding rounds totaling over $200 million

After securing $2 billion in funding from ICE at a $9 billion valuation, Polymarket CEO Shayne Coplan published a post on the X platform announcing two previously undisclosed financing transactions:

The first occurred last year, with Blockchain Capital leading a $55 million investment, with a valuation of $350 million at the time. Investors included Founders Fund, 1789, 1 Confirmation, Abstract, Coinbase, Dragonfly, ParaFi, and SV Angel.

The second round occurred at the beginning of this year, with Founders Fund leading the investment of US$150 million. The valuation at the time was US$150 million. Participating investors included: Ribbit, Valor, Point 72 Ventures, Blockchain Capital, etc.

YZi Labs announces the establishment of a $1 billion Builder Fund to increase support for BNB ecosystem project founders

YZi Labs announced the establishment of a $1 billion Builder Fund, aiming to increase support for BNB ecosystem project founders, particularly those building projects on the BNB Chain. The fund aims to attract more long-term entrepreneurs focused on BNB-based innovations, including in areas like trading, RWA (Real World Assets), artificial intelligence (AI), DeSci (decentralized science), DeFi, payments, and wallets. These efforts will leverage BNB Chain's high-performance, low-cost infrastructure, enhanced tools, funding, integration capabilities, and access to over 460 million users.

Forward Industries launches Solana validator node and stakes all SOL holdings

Kyle Samani, Managing Partner of Multicoin Capital, announced on the X platform that Forward Industries, a Nasdaq-listed SOL treasury company, has officially launched its institutional-grade validator node, developed in partnership with Galaxy, on the Solana blockchain. This node will allow ecosystem participants to directly delegate SOL to Forward Industries for staking. Furthermore, Forward Industries has currently staked all of its SOL holdings on the validator node, with public information showing the company's SOL holdings exceeding 6.8 million.

Investment and Financing

Predictive Oncology Completes $343.5 Million PIPE Financing to Support ATH Token Treasury Strategy

Nasdaq-listed Predictive Oncology announced that it has completed $343.5 million in PIPE financing. The company will use the funds to purchase ATH, the native utility token of the Aethir ecosystem, on the open market to support its ATH token treasury strategy.

DDC Enterprise Completes $124 Million Financing, Led by PAG Pegasus Fund, OKG, and Others

DDC Enterprise Limited (NYSE: DDC), a NYSE-listed company, has completed a $124 million equity financing round led by PAG Pegasus Fund, OKG Financial Services Limited (a subsidiary of OKG Technology Holdings Limited), and Mulana Investment Management. DDC Founder, Chairman, and CEO Zhu Jiaying personally invested $3 million. Almost all participating investors in this round, including the founders, have committed to a 180-day lockup period from the closing date to support the execution of DDC's Bitcoin treasury strategy.

Stablecoin startup Coinflow completes $25 million Series A funding round, with participation from Coinbase Ventures and others

Stablecoin startup Coinflow announced the completion of a $25 million Series A funding round, with participation from Pantera, Coinbase Ventures, Reciprocal Ventures and Jump Capital. The company uses stablecoins as an intermediary layer to help merchants process payment transactions that support stablecoins.

TransCrypts Completes $15 Million Seed Round Led by Pantera Capital

TransCrypts, a blockchain digital identity platform, announced the completion of a $15 million seed round of financing, led by Pantera Capital, with participation from Lightspeed Faction, Alpha Edison, Motley Fool Ventures, California Innovation Fund and a group of angel investors. The new funds will support its optimization and construction of a blockchain platform for digital identity and credential verification, preventing AI fraud and deep fake technology from eroding online trust.

Cryptocurrency insurance company Anthea completes $22 million Series A funding round and will launch ETH-denominated life insurance products

Cryptocurrency life insurance company Anthea announced that it has completed a US$22 million Series A financing round, led by Yunfeng Financial and participated by a group of strategic investors in the insurance, asset management and fintech fields. The new funds will be used to support its launch of ETH-denominated life insurance products, while continuing business operations and accelerating product development and innovation.

Regulatory trends

Coinbase receives approval to launch crypto staking services in New York

Coinbase announced the launch of crypto staking in New York, allowing users to stake Ethereum, Solana, Cosmos, Cardano, Avalanche, Polygon, Polkadot, and more. Cosmos offers an estimated annualized return of over 16%, while Ethereum offers approximately 1.9%. Coinbase stated that it is proceeding with the launch under clear state regulations. Its staking service now covers 46 states, excluding California, New Jersey, Maryland, and Wisconsin. This move follows the resignation of Adrienne Harris, former Director of the New York Department of Financial Services, who reached a $100 million settlement with Coinbase in 2023 over compliance and surveillance deficiencies.

Character Voice

CZ responds to the meme coin craze: The overlap is purely coincidental and not an endorsement

Binance founder CZ posted on the X platform that he had tried to avoid mentioning meme coins in his tweets, but found it nearly impossible. "There are so many meme coins that it makes expression unnatural." He emphasized that he is now just tweeting normally, and any overlap with memes is purely coincidental and does not constitute endorsement.

OKX CEO Star: OKX has never and will never artificially create tokens or manipulate the market

OKX CEO Star posted on social media that he was happy that some Chinese-speaking users participated in the "Mouan Life", "Mouan Customer Service", and "Mouan King" transactions on OKX Wallet. OKX has always been committed to becoming a blockchain infrastructure, allowing users to interact safely and smoothly with hundreds of public chains around the world, including discovering tokens, trading assets, and participating in DeFi investments. This concept also covers the chains and coins of "friendly competitors."

Regarding some users' fierce questioning and online attacks on OKX and himself, Star said that this reminded him of the operating model of some "pyramid schemes" organizations - gaining believers through blind investment driven by emotions, but he does not think that the crypto industry or any friendly companies are equivalent to pyramid schemes. Friendly companies have won global users with excellent products and services, and OKX is also working hard to learn from them.

The OKX team refuses to fuel hype about so-called "OKX Life" and "OE Life." OKX believes blockchain is a technology-driven financial revolution, designed to provide equal and convenient financial services to billions of people worldwide, not manipulate price or induce speculation. OKX has never and will never artificially create tokens or manipulate market prices. We believe true strength comes from continuous development.

Bitwise: Catalysts such as “depreciation trades” may drive Q4 Bitcoin ETF inflows to a record high

In its latest market analysis report, Bitwise predicts that inflows into U.S. spot Bitcoin ETFs will set a record in the fourth quarter of this year and will exceed the total inflow of $36 billion in 2024.

Bitwise Chief Investment Officer Matt Hougan said that the Bitcoin ETF will have three catalysts: the entry of wealth management companies, the recent surge in Bitcoin prices, and the effectiveness of the "depreciation trade." It is expected that many Wall Street investment advisory firms will add gold and Bitcoin to client portfolios to capture assets with stronger performance.

Analysts: Despite the strong rise in gold, we are still optimistic about Bitcoin's further rise in Q4

Gold's historic rally dwarfs Bitcoin's, but analysts remain optimistic. Market analyst Linh Tran said: "In the short term, Bitcoin's fundamental outlook remains positive, thanks to expectations of monetary easing, continued ETF inflows, and continued safe-haven demand. If the Federal Reserve sends a clearer signal about the start of a rate cut cycle at its upcoming meeting, Bitcoin may continue to benefit and have room for further gains in the fourth quarter, breaking through a new price range."

QCP: As the dollar's strength fades, consider buying Bitcoin and risky assets

QCP published an analysis stating that the US government shutdown, which halted the release of key government data and raised concerns about the Federal Reserve's independence, has boosted safe-haven demand, pushing gold prices above $4,000, while artificial intelligence stocks, facing overvalued valuations, have seen profit-taking. The signal remains unchanged, and with the dollar's strength fading, consider buying gold and Bitcoin on dips and prepare for volatility caused by data gaps.