1. Popular CEX currencies

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

• BTC: +2.68%
• ETH: +5.44%
• SOL: +5.5%
• BNB: +1.99%
• DOGE: +5.75%
• VIRTUAL: +18.04%
• ASTER: +0.43%
• DIA: +55.27%
• XRP: +1.28%
• ZEC: +28.65%

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

• SD: +17.61%
• AIXBT: +12.85%
• ILV: +11.29%
• VRA: +9.01%
• SOPH: +8.21%
• PENDLE: +7.21%
• ZENT: +5.58%
• ME: +5.58%
• KAITO: +5.04%
• OMI: +4.32%

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

• ALTS: +2.76%
• QUBT: +2.19%
• RGTI: +1.36%
• IONQ: +1.29%
• DFDV: +1.08%
• OKLO: +0.98%
• FIG: +0.97%
• SOXL: +0.65%
• BMNR: +0.63%
• AMD: +0.53%

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

• DEADGUY
• Solara
• pippin
• Pumpkin
• PAYAI

Headlines

Bensant: The US is no longer considering imposing 100% tariffs on China

On October 26, the Chinese and US trade teams concluded two days of consultations in Kuala Lumpur, the Malaysian capital. Reuters reported that this was the fifth face-to-face consultation between the two teams since May of this year. Following the meeting, US Treasury Secretary Bennett stated in an interview with US media that the two-day talks in Kuala Lumpur resulted in a "very substantive framework agreement" and that the US was "no longer considering" imposing 100% tariffs on China.

Fortune Magazine Reveals 37 Donors Funding White House Ballroom, Including Gemini Partners

Fortune magazine revealed that a total of 37 donors provided funds for the construction of the White House Ballroom, including Silicon Valley technology giants and cryptocurrency companies. Corporate donors include Meta, Apple, Amazon, Google, Lockheed Martin, Microsoft, Comcast, Altria, Hard Rock International, Micron Technology, Caterpillar, Booz Allen Hamilton, HP, Booz Allen Hamilton, NextEra Energy, Reynolds American, T‑Mobile, and Palantir Technologies; crypto companies include Tether America and Ripple; private and family donors include: the Adelson Family Foundation, Stefan E. Brodie, the Betty Wold Johnson Foundation, Charles and Marissa Cascarilla, Edward and Shari Glazer, Harold Hamm, Benjamín Leon Jr., the Lutnick family headed by U.S. Secretary of Commerce Howard Lutnick, and Gemini co-founders Cameron Winklevoss and Tyler Winklevoss.

Industry News

Sharplink Gaming once again increased its holdings by 19,271 ETH, worth approximately $80.37 million

According to Onchain Lens monitoring, Sharplink Gaming has added 19,271 ETH to its strategic ETH reserve, worth approximately US$80.37 million.

The total market value of x402 ecological tokens now exceeds US$180 million, with a 24-hour increase of 265.2%.

According to Coingecko data, the total market value of x402 ecological tokens exceeds US$180 million, currently at US$180,031,587, with a 24-hour increase of 265.2%. Among them, the market value of PING is approximately US$53.012 million, with a 24-hour decrease of 17.3%; the market value of BNKR is approximately US$52.873 million, with a 24-hour increase of 2.7%.

x402 is an open protocol that defines an internet-native micropayment channel based on HTTP 402 and stablecoins, allowing automated clients and AI agents to pay API, data, and computation fees on demand, enabling real-time, low-friction, and intermediary-free transactions.

Polymarket and Kalshi dominate the prediction market

According to Dune data, the prediction market has become a duopoly between Polymarket and Kalshi, with other platforms struggling to break through. In the past week, Polymarket led the market with a notional trading volume of $1.062 billion, followed by Kalshi with $950 million. Limitless and Myriad recorded $21.93 million and $3.85 million, respectively.

In terms of transaction volume, Kalshi ranked first with 3.575 million transactions, Polymarket reached 2.586 million transactions, Limitless and Myriad had 378,000 and 66,000 transactions respectively.

Project News

Padre: PADRE holders will receive PUMP according to their holding ratio and must submit their wallet address before December 30th

According to SolanaFloor, after being acquired by Pump.fun, the trading terminal Padre announced that it would distribute PUMP tokens to PADRE holders in proportion to their holdings, based on a snapshot taken on October 24th. Users must submit their Solana wallet address by December 30th to claim. This compensation plan follows controversy in the Pump.fun acquisition announcement, which stated that PADRE tokens would no longer be usable on the platform.

The x402 protocol experience token Boo was distributed within 5 hours and all refunds have been made.

The Meme token Boo based on the x402 protocol was fully distributed within 5 hours of its release, and all payments were subsequently fully refunded, completing this x402 protocol agent payment experience.

According to statistics, this experience completed more than 82,400 x402 protocol payment records, completing the verification of the stability and execution efficiency of the protocol in high-concurrency scenarios.

According to official sources, Boo is a meme for the x402 protocol experience and does not have any practical functions or investment attributes.

Pump.fun's cumulative repurchased PUMP token value has exceeded US$150 million

According to data from fees.pump.fun, the cumulative value of PUMP tokens repurchased by Pump.fun has exceeded $150 million. The data shows that Pump.fun spent 5,961 SOL (approximately $1.153 million) yesterday to repurchase 282.1 million PUMP tokens. Since the repurchase began on July 15th, a total of approximately $151,641,929 worth of PUMP tokens have been repurchased, reducing the total circulating supply by 9.492%.

Variant and Paradigm Announce Open Market Acquisition of MetaDAO Tokens

Following 6MV, renowned investment firms Variant and Paradigm announced they would each purchase MetaDAO tokens from the open market. Variant plans to purchase $2.5 million worth of META at an average price of $8.60, while Paradigm plans to purchase approximately $5.9 million worth of tokens at an average price of $7.83.

Regulatory trends

The State Council's report on financial work: We must implement a moderately loose monetary policy and focus on providing high-quality financial services.

The State Council's report on financial work was submitted to the 18th session of the Standing Committee of the 14th National People's Congress for deliberation on the 26th. The report emphasizes the need to implement a moderately accommodative monetary policy in detail to create a favorable monetary and financial environment for consolidating and expanding the positive momentum of economic recovery. Existing monetary policy measures must be effectively implemented to continuously unleash their effectiveness, while new policy measures will be studied and prepared. Interest rate policy implementation and oversight will be strengthened to drive down overall financing costs. Going forward, we will prioritize financial services for the real economy and strive to provide high-quality financial services. We will intensify efforts to address the "five major areas" of finance, guiding financial institutions to enhance their capabilities and expertise in providing specialized and refined financial services.

Nevada Regulators Issue Cease-and-Desist Order to Crypto Custodian Fortress Trust

Nevada regulators have issued a cease-and-desist order to crypto custodian Fortress Trust (now renamed Elemental Financial Technologies) because the company is severely illiquid and unable to fulfill customer withdrawal requests.

Court documents show that Fortress currently owes customers approximately $8 million in fiat currency and $4 million in crypto assets, with less than $200,000 in cash and approximately $1 million in crypto assets remaining in its accounts.

Central Bank of Ghana: Cryptocurrency regulatory legislation to be finalized by year-end

Johnson Asiama, Governor of the Bank of Ghana, said at the IMF meeting that the country's cryptocurrency regulatory bill has been submitted to parliament and is expected to be completed by the end of December this year, enabling Ghana to formally regulate crypto assets.

Asiama pointed out that the central bank had issued a draft regulation as early as August 2024. Currently, about 3 million people in the country (nearly 9% of the population) use cryptocurrencies.

Character Voice

Glassnode: Recent strong selling pressure on Bitcoin has subsided

Blockchain analytics company Glassnode published a post on the X platform stating that Bitcoin's spot and futures CVD (Note: CVD is cumulative trading volume increase, which tracks the net pressure of active buying or selling and is used to determine market direction) has flattened for the first time since its peak on October 10th, indicating that the recent strong market selling pressure has subsided. Furthermore, the funding rate remains below the neutral level of 0.01%, indicating no excessive long positions or bubbles. In fact, the funding rate has dropped significantly several times in the past two weeks, indicating that participants are tending to be cautious.

Tom Lee: ETH is still in a super cycle, sometimes fundamentals lead prices

BitMine Chairman Tom Lee wrote on the X platform that ETH is still in a super cycle. Most of the time, prices will "lead" fundamentals, but sometimes fundamentals lead prices, such as the surge in demand for stablecoins and Ethereum transaction volume hitting a record high.

NYDIG: Inflation is no longer a key factor affecting Bitcoin prices

Greg Cipolaro, head of global research at NYDIG, said that Bitcoin has long been called "digital gold" and is often promoted as an inflation hedge tool like precious metals, but this statement is actually untenable. Inflation is not a key factor affecting Bitcoin prices. In fact, the inverse relationship between Bitcoin and real interest rates has strengthened in recent years, and it has evolved into a liquidity barometer and an indicator of global liquidity.

0xSun: Privacy coins, Hyperliquid, and X402 are the three strongest sectors in the current market

Trader 0xSun wrote that three sectors have recently performed strongly in the market: privacy coins, led by ZEC, are impacted by regulatory easing and the optimism of people like Nawal. Related tokens include Prove, XMR, Dash, and Zen. Second, the Hyperliquid ecosystem, which is developing a true on-chain financial market with the launch of HIP3. Third, the X402 ecosystem, driven by the popularity of Ping as a meme, has driven the rise of related tokens such as Virtual and Clanker. Furthermore, Eigen recently partnered with Google to launch AP2, which incorporates the X402 encrypted payment mechanism. 0xSun stated that these sectors will be closely monitored, and believes that in the event of a market correction, strong coins will often rebound the fastest.

Solana co-founder Toly: Layer 2 does not truly inherit Ethereum's security

Solana co-founder Toly published an article on the X platform, arguing that the claim that "Layer 2 inherits Ethereum's security" is unfounded. He stated that over the past five years of Layer 2 network development, Ethereum circulated across the Wormhole blockchain on Solana faces the same extreme risks as Ethereum on the Base Network, while generating the same level of returns for Ethereum's Layer 1 validators. Therefore, from any perspective, Layer 2 does not truly inherit Ethereum's security.