24H Trending Coins and News | Pump.fun Launches Pre-IPO Token Trading; Binance Introduces Binance Pick Campaign (October 20)
- Core Viewpoint: The crypto market is broadly in a correction phase, with major coins declining across the board while some small-cap tokens bucked the trend; Pump.fun's launch of Pre-IPO token trading became the most closely watched innovation of the day.
- Key Elements:
- Most of the top 10 coins by trading volume on CEXes declined, with BTC down 1.31%, ETH down 1.43%, and NEAR down 4.70%, while only BNB edged up 0.02%.
- OKX's 24-hour gainers list was led by small-cap tokens, with CARDS up 24.27%, PHA up 22.89%, and CT up 12.37%.
- Pump.fun partnered with PreStocks to launch Pre-IPO token trading, initially supporting 8 companies including OpenAI, Anthropic, and Neuralink.
- Binance will launch the Binance Pick campaign on October 21, 2026, with a prize pool of up to 1 million USDC.
- Mastercard launched stablecoin security tools to support payment fraud and sanctions risk screening; the U.S. Blockchain Association submitted comments on the implementation rules of the GENIUS Act.
- Analyst Darkfost noted that Bitcoin's maximum drawdown from its peak reached 54%, and the cumulative selling pressure in Binance's meme coin sector exceeded $1.4 billion.
- Sophon's mainnet is scheduled to shut down on November 30, 2026, and the Mt. Gox repayment deadline has been extended again to October 31, 2027.
1. Trending Coins on CEX
Top 10 CEX Traded Coins and 24-Hour Price Change:
- BTC: - 1.31%
- ETH: - 1.43%
- SOL: - 0.51%
- XRP: - 1.41%
- BNB: + 0.02%
- ZEC: - 2.10%
- SUI: - 1.36%
- NEAR: - 4.70%
- HYPE: - 0.72%
- DOGE: - 0.97%
24-Hour Gainers (Data Source: OKX):
- CARDS: + 24.27%
- PHA: + 22.89%
- CT: + 12.37%
- S: + 9.73%
- BAT: + 9.38%
- WLD: + 8.12%
- GRVT: + 7.78%
- xTWLO: + 6.94%
- ARB: + 5.58%
- PONS: + 5.64%
24-Hour Crypto Stock Gainers (Data Source: msx.com):
- FUFU.M: 39.98%
- AXTX.M: 23.70%
- APLX.M: 13.48%
- KORU.M: 12.59%
- WDCX.M: 12.00%
- AXTI.M: 11.25%
- SNXX.M: 10.98%
- SKUU.M: 8.90%
- AEHG.M: 8.79%
- MVLL.M: 8.70%
2. Trending On-Chain Meme Coins (Data Source: GMGN):
- STONK
- Dacity
Headlines
Pump.fun Launches Pre-IPO Token Trading, Supporting 8 Companies Including OpenAI and Anthropic
Pump.fun announced on X that it has partnered with PreStocks to launch a Pre-IPO token trading service. Users can now trade tokens related to private companies on Pump.fun and use these tokens as trading pair assets to issue new tokens. The first batch of supported companies includes OpenAI, Anthropic, Anduril, Neuralink, Figure AI, Kalshi, Polymarket, and Oura, totaling 8 companies.
Binance Launches Binance Pick Campaign with Prize Pool of Up to 1 Million USDC
According to an official announcement, Binance will officially launch its flagship campaign BinancePick on October 21, 2026 (UTC). Users can share a prize pool of up to 1,000,000 USDC through trading and predictions. Early bird reservations open on October 19, and the more reservations there are, the larger the prize pool unlocked. Users can earn points by completing daily check-ins, trading, referrals, and other tasks, and use points to participate in prediction markets. Rewards are divided into seasonal leaderboard (500,000 USDC), weekly leaderboard (400,000 USDC in total), and participation rewards (100,000 USDC).
Lee Jae-myung: Will Take Necessary Measures to Normalize the Stock Market
In response to the recent stock market decline that has significantly reduced the valuation of domestic Korean stocks held by the National Pension Service, South Korean President Lee Jae-myung stated on the 19th: "We are continuously assessing what policy measures need to be taken to normalize the stock market. We will soon hear a comprehensive report and take necessary measures."
Lee Jae-myung said: "After a sharp rise in stock prices, a correction is inevitable, and no one knows how far the correction will go. Unlike in the past, it is now difficult for the government to directly intervene in financial markets or securities markets, and doing so is not advisable." However, he pointed out: "The Korean stock market is severely undervalued. One of the biggest reasons for this is that negative perceptions about transparency and fairness in the market have not been completely eliminated."
Industry News
The Blockchain Association has submitted comments on the U.S. Treasury Department's proposed implementation rules for Section 3 of the GENIUS Act. This provision primarily regulates the eligibility of entities issuing and selling payment stablecoins within the United States.
The Blockchain Association stated that it supports the Treasury's proposed core regulatory framework in principle, but calls for further clarification on the definition of digital asset service providers, the standards for determining "knowing participation," and compliance requirements for foreign stablecoin issuers, in order to reduce uncertainty in the rule implementation process.
Mastercard Launches Stablecoin Security Tool to Support Payment Fraud and Sanctions Risk Screening
Payment giant Mastercard has launched the Stablecoin Security tool, aimed at helping financial institutions and payment service providers identify fraud and sanctions compliance risks in stablecoin payment processes.
The tool is primarily designed for stablecoin payment scenarios and supports relevant institutions in conducting risk screening during transaction processing. Currently, Mastercard has not disclosed the specific technical parameters or launch scope of the tool.
Project News
Modular blockchain Sophon posted on X that it had previously announced the phased shutdown plan for Sophon Chain and now plans to officially shut down the Sophon mainnet on November 30, 2026. November 25 is the deadline for asset withdrawal, after which key infrastructure and related websites will begin to close successively. Assets remaining on Sophon Chain after the deadline may face the risk of permanent inaccessibility.
Repayment Deadline Delayed Again by One Year, Mt. Gox Extends Repayment Deadline to October 31, 2027
Mt. Gox issued an announcement stating that given the necessity of completing repayments to creditors within a reasonably practicable scope, the bankruptcy trustee, with court approval, has decided to extend the repayment deadline from October 31, 2026 to October 31, 2027.
Voices
Analyst Darkfost posted that since Bitcoin hit its peak last October, its maximum drawdown has reached 54%, and the current price is about 35% below the peak. During the same period, cumulative selling pressure on Binance's Meme coin sector has exceeded $1.4 billion, making it one of the most severely impacted sectors in this bear market.
Matt Cole, CEO of Bitcoin treasury company Strive, posted on X that the long-term trend of currency debasement will continue to drive the appreciation of scarce assets. As digital gold, Bitcoin is still in its early stages of development, and as the market gradually matures, its long-term performance is expected to surpass gold.
Cole noted that over the past 55 years, gold's compound annual growth rate has exceeded the growth rate of U.S. M2 money supply in multiple periods. Specifically, since 1970, the rates were 9.0% and 6.7% respectively; since the global financial crisis, 9.5% and 6.3% respectively; and since the COVID-19 pandemic, 18.3% and 6.5% respectively.
