1. Popular CEX currencies

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

• BTC: +2.04%
• ETH: +0.40%
• SOL: +1.16%
• XRP: +4.35%
• BNB: -0.43%
• DOGE: +2.50%
• MORPHO: -4.33%
• LINK: +9.80%
• ADA: +2.41%
• SUI: +0.11%

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

• AVNT: +53.45%
• BIO: +19.20%
• FLOKI: +17.85%
• ZORA: +15.19%
• STRK: +12.71%
• KNC: +10.23%
• LINK: +9.76%
• WCT: +7.06%
• SOPH: +6.80%
• PARTI: +6.41%

24-hour cryptocurrency stock price increase list (data source: msx.com ):

• Canaan Inc. (ticker: CAN.M): +32.5%
• Greenidge Generation Holdings Inc. (ticker: GREE.M): +25.43%
• Bit Digital (Ticker: BTBT.M): +16.99%
• Recursion Pharmaceuticals, Inc. (RXRX.M): +16.38%
• STKE (Symbol: STKE.M): +14.89%
• Riot Platforms, Inc. (RIOT.M): +10.88%
• ALT5 Sigma Corporation (ALTS.M): +10.54%
• Lithium Americas Corp. (LAC.M): +10.16%
• Sui Group Holdings Limited (SUIG.M): +9.21%
• SoFi Technologies, Inc. (SOFI.M): +8.89%

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

• Percolator
• SORRY
• FLOKI
• WetClaude
• Solara

Headlines

The probability of the Federal Reserve cutting interest rates by 25 basis points in October is 99.4%.

According to CME's "Fed Watch," there's a 99.4% probability that the Fed will cut interest rates by 25 basis points in October, and a 0.6% probability that they'll keep rates unchanged. The probability of a cumulative 50 basis point rate cut in December is 98.6%, and a 0.9% probability of a 75 basis point rate cut.

Spot gold hit a new record high, the latest price is $4,389 per ounce

Spot gold broke through the record high set last Friday, and was last quoted at $4,389 per ounce, a surge of about $130 on the day.

Solana's official Twitter account released its Chinese name, "Solala."

Solana’s X platform officially announced its Chinese name “Solala”.

Community user muper (@easytopredict) reportedly won a prize in the Solana Chinese name campaign. She pledged to donate the prize to her Chinese friends, adding that the Chinese-speaking community is incredibly vibrant. As an open and inclusive blockchain, Solana has perfect synergy with these markets, so a tailored Chinese name would be a good fit. "Suolala" (苏拉拉) embodies a vibrant, energetic woman with long hair, a true embodiment of all those working hard on Solana.

Industry News

Coinbase systems have recovered from AWS outage

According to Coinbase Support, Coinbase systems have recovered from today's AWS outage. While further instability is not expected, the platform will continue to monitor system status.

Earlier today, Coinbase's Base App (beta) displayed abnormalities due to an AWS outage.

Gemini Launches Solana Credit Card, Offering SOL Token Rewards and Staking

The US crypto exchange Gemini has launched a new Solana version of the credit card, which provides SOL token rewards and staking functions. Users can receive up to 4% SOL token rewards on their spending.

Gemini stated that it chose Solana because of its rapidly developing ecosystem and active developer community. Previously, Gemini had launched XRP- and Bitcoin-themed credit cards, both on the Mastercard network.

Blockchain.com plans to go public in the U.S.

Cryptocurrency exchange and wallet provider Blockchain.com plans to seek a listing in the United States by acquiring a special purpose company (SPAC). A person familiar with the matter who asked not to be named said the company has hired Cohen & Company Capital Markets to provide advisory services for a potential SPAC transaction. As of now, Blockchain.com has declined to comment on the matter.

Project News

Sky Protocol repurchased 11.25 million SKY tokens for $680,000, bringing the total repurchase to over $79 million.

According to Sky Protocol’s official announcement, the project repurchased 11.25 million SKY tokens last week using $680,000 in USDS. To date, the total amount of USDS used for repurchases has exceeded $79 million.

Ethena Labs plans to launch two new business lines and products of the same scale as USDe in the next three months.

Ethena Labs founder Guy Young posted on the X platform that the company is currently launching its first major team expansion since its founding, recruiting 10 new members in engineering and product fields for two new business lines and products that will be launched in the next three months. Both new projects have the same development potential as USDe.

Aria announces airdrop plan, 10% of tokens will be distributed to the community

Aria, the IPRWA protocol under the Story ecosystem, announced an airdrop plan for its native token $ARIAIP, planning to allocate 10% of the total token supply for community distribution.

Of this, 5% will be used to reward early supporters (Season 1), and another 5% will be used to incentivize future ecosystem growth (Season 2).

In the first round of Season 1 distribution, 3% will be allocated to the Aria community and 2% will be allocated to the Story $IP community. This round of airdrops will be fully unlocked at the TGE.

The official will take multiple snapshots between October 21st and two days before TGE, and the participation method and reward mechanism of Season 2 will be announced one after another.

Investment and Financing

Nubila Network Completes $8 Million Seed Round, Led by Blockspace Force and Others

Decentralized data infrastructure Nubila announced the completion of an $8 million seed round of financing, led by Blockspace Force and Quantum Holdings, with participation from IoTeX, Assemblyrs, Synharbour AI and several protocol founders. As of now, its total financing has reached $10.5 million.

Prediction market platform Limitless completes $10 million financing, led by 1confirmation

Limitless Exchange, a prediction market, announced the completion of a $10 million seed round of financing. This round was led by 1confirmation, with participation from Collider, F-Prime, DCG, Coinbase Ventures, Node Capital, and Arrington Capital. The new funds will be used to accelerate product iteration, expand into shorter-cycle market types (such as 15/10/1 minute markets), expand user growth, and explore license qualifications in specific jurisdictions to ensure global compliance development.

Turtle, an on-chain liquidity distribution protocol, has secured $5.5 million in funding, with participation from GSR and others.

The on-chain liquidity distribution protocol Turtle announced that it has completed US$5.5 million in financing, with participation from institutions such as Bitscale VC, Theia, Trident Digital, SNZ HOLDING, GSR, FalconX, Anchorage VC, etc. As of now, its total financing amount has reached US$11.7 million. The new funds will support it in building Web3 liquidity infrastructure and expanding its liquidity distribution network.

Open Campus Completes US$5 Million Strategic Round of Funding, with Animoca Brands and Others Joining

Web3 education platform Open Campus announced on the X platform that it has completed a $5 million strategic round of financing, with participation from Animoca Brands, YZi Labs, HongShan, Caladan, and others. The new funds will support the acceleration of the on-chain integration of student loans, certificate verification, and payment functions.

Regulatory trends

South Korea’s Financial Services Commission shifts regulatory authority over exchange token listings to direct government oversight

According to Solid Intel, South Korea's Financial Services Commission (FSC) has decided to shift its regulatory oversight of cryptocurrency exchange token listings from self-regulation to direct government oversight. This move aims to strengthen market compliance and investor protection, preventing exchanges from abusing their listing rights through internal decision-making.

South Korea's Financial Services Commission plans to ban stablecoin interest payments and will submit relevant bills this year

Lee E-won, chairman of the Financial Services Commission of South Korea, stated during a parliamentary inspection on October 20 that, in principle, payment-type stablecoins will not be allowed to generate interest payments for holding or using them. Lee noted that South Korea will follow the principles of the US Genius Act and explore a bank-led consortium model, restricting fintech companies to only serving as technical partners and prohibiting virtual asset exchanges from issuing their own stablecoins.

He also confirmed that the second phase of the bill for virtual asset regulation will be submitted this year and has entered the final coordination stage. Lee Yi-yuan also mentioned that stablecoins have high overseas demand potential in areas such as virtual asset trading, payment settlement, and cross-border remittances, and plans to plan related applications in advance. (Yonhap News Agency)

Character Voice

CZ: Bitcoin's market capitalization is expected to surpass gold

CZ posted on the X platform: "I predict that Bitcoin's market capitalization will eventually surpass gold, but I don't know exactly when. It may take some time, but it will happen."

Solana Co-founder Responds to Building Perpetual Contract DEX: Just Trying to Generate Tests with Claude

Solana co-founder Toly posted on the X platform in response to rumors that he was independently building a perpetual contract DEX on Solana. He said, "I'm just playing around with Claude to see how well it can generate Pinocchios and testing it with surfpool. Please steal this idea. I want to see if it's possible to replicate the same prop-amm competition model for perpetual contracts as it is for spot markets. A perpetual contract decentralized exchange program that uses only one block of memory in a single account to handle all transactions, has its own liquidity provider/risk management/matching engine, and a router that can rebalance positions across any number of these exchanges."