24H Trending Coins & News | 1inch Card to Gradually Cease Operations; Solana Governance Vulnerability Fixed (October 21)
- Core Viewpoint: The crypto market is experiencing a moderate overall uptrend, with coins such as ZEC and WLD standing out; prediction market trading volume has surged ahead of the U.S. midterm elections, while institutions accelerate their positioning in the Ethereum ecosystem and compliant trading products.
- Key Takeaways:
- The top 10 coins by CEX trading volume broadly rose 2%-4% over 24 hours, with ZEC up 12.41% and WLD up 11.34%, leading gains among major coins.
- Kalshi and Polymarket recorded combined trading volume of $53 billion in July, more than double the $26 billion in May, concentrated primarily in sports events.
- The Solana governance vulnerability was patched on the mainnet on August 3, without affecting the passage of proposal SGP-0002 with 67.00% approval.
- Former Coinbase Head of Research David Duong joined Ethereum Institutional as U.S. Head to drive institutional participation in the Ethereum ecosystem.
- Bitget acquired Thai-licensed exchange GMO-Z.com Cryptonomics, accelerating its compliant expansion in Southeast Asia.
- A JPMorgan report projects Bitcoin will deliver a 10% annualized compound return over the next 10 years, the highest among the asset classes listed.
- Citi believes Aave has the potential to become a decentralized collateral liquidity protocol connecting tokenized assets with financing.
1. Trending CEX Coins
Top 10 CEX Coins by Trading Volume and 24-Hour Price Change:
- BTC: +2.01%
- ETH: +2.89%
- SOL: +2.52%
- XRP: +3.56%
- BNB: +2.14%
- NEAR: +3.63%
- ZEC: +12.41%
- HYPE: +3.29%
- WLD: +11.34%
- DOGE: +4.16%
24-Hour Top Gainers (Data source: OKX):
- DOOD: +84.97%
- IOST: +32.20%
- COMP: +20.05%
- MEW: +19.36%
- xSMCI: +18.18%
- CVX: +17.76%
- xSPCH: +16.54%
- xMVLL: +16.52%
- xTWLO: +12.61%
- ZEC: +12.41%
24-Hour Top Tokenized Stock Gainers (Data source: msx.com):
- BRZE.M: 51.30%
- SMCX.M: 34.67%
- SMCI.M: 16.98%
- CRDU.M: 13.14%
- MSTX.M: 12.30%
- WDCX.M: 12.11%
- AXTX.M: 11.59%
- VICR.M: 11.44%
- TRON.M: 10.91%
- BNC.M: 10.28%
2. Trending On-Chain Meme Coins (Data source: GMGN):
- Kimchi
- Dacity
Headlines
The 1inch Card project will gradually cease operations. New user registrations have been closed, while existing cards and accounts remain usable for now. 1inch advises cardholders to withdraw or spend their card balances as soon as possible, no later than December 18.
Solana Governance Vulnerability Fixed, Did Not Affect Passage of SGP-0002 Proposal
Blockchain security research firm Asymmetric Research disclosed that Solana's on-chain governance program svmgov previously had a vulnerability: when validators did not participate in voting, independent votes submitted in advance by their delegators might not be counted in the final result. The vulnerability was reported to the Solana Foundation on July 10 and fixed on mainnet on August 3, ahead of the August 24 governance vote. Based on on-chain data, Asymmetric Research estimated that had the vulnerability not been fixed, the approval rate of the SGP-0002 proposal—aimed at accelerating the decline of SOL inflation—could have dropped from the actual 67.00% to 66.65%, below the 66.67% passage threshold. The vulnerability was fixed before the vote and did not actually change the proposal's outcome.
Polymarket: Zero Trading Fees on Eight Major Market Categories Through End of October
Polymarket announced on X that from now until the end of October, prediction markets across eight categories—NBA, politics, economics, weather, finance, culture, public mentions (Mentions), and technology—will be exempt from trading fees.
As US Midterms Approach, Kalshi and Polymarket Combined July Volume Reaches $53 Billion
Prediction market platforms Kalshi and Polymarket expanded ahead of the US midterm elections in November, with combined monthly trading volume reaching $53 billion in July, more than double the $26 billion in May, with trading concentrated in sports.
Political trading accounted for a smaller share, with Polymarket averaging about $2 billion per month this year and Kalshi under $300 million; as of July, trading volume around which party controls the House and Senate had exceeded $30 million.
Industry News
Former Coinbase Research Head Appointed US Lead of Ethereum Institutional
Ethereum Institutional announced the appointment of David Duong as US Lead, responsible for driving collaboration with US institutional investors and helping institutions further participate in building the Ethereum ecosystem. David Duong previously served as Global Head of Investment Research at Coinbase, overseeing crypto market research for the exchange's institutional clients, covering macro economic analysis, valuation models, and market structure, and spent 17 years in sell-side macro strategy research at HSBC, Santander, and Deutsche Bank.
Project News
Bitget to Acquire Licensed Thai Exchange, Accelerating Southeast Asia Localization
According to Bitget's official announcement, the platform has agreed to acquire Bangkok-based digital asset exchange and broker GMO-Z.com Cryptonomics (Thailand) Co., Ltd. The acquisition involves all shares of the target company held by GMO Internet and related subsidiaries.
GMO-Z.com Cryptonomics (Thailand) holds a Thai digital asset exchange and brokerage license. The acquisition will leverage its existing compliance foundation and local market experience to strengthen Bitget's localized operations in Thailand and further improve its strategic layout in the Southeast Asian market.
Webull to Offer Crypto Perpetual Contracts to US Clients in November, Starting with Bitcoin
Nasdaq-listed US online brokerage Webull plans to offer perpetual contract trading to eligible US clients starting in November, with the first batch of products including Bitcoin and other crypto assets, and plans to expand access by year-end. The contracts will be listed on the CFTC-regulated Kalshi exchange and cleared by Kalshi's clearinghouse, with Webull users approved for futures trading able to trade through their existing futures accounts.
On-chain analytics platform Arkham announced the launch of Arkham Enterprise, an enterprise-grade crypto analytics platform for professional investigators, compliance teams, and trading researchers, offering on-chain fund tracing, risk scoring, case management, and transaction analysis features.
At the same time, Arkham adjusted the feature permissions of its free platform: Tracer 2.0, transaction filtering, full transaction history, creation of custom labels and entities, and the counterparty section of explorer pages will be available only to enterprise users. Free users viewing the transaction records of a single address or entity will be limited to the most recent 100 transactions, but will still have access to Visualizer 2.0, the block explorer, prediction markets, and Arkham labels.
Revolut: Multiple Services Disrupted, User Funds and Data Safe
Revolut posted on X that it is currently experiencing a service disruption affecting multiple services. The company confirmed that all customer funds and data are safe. Revolut said its team has been working on a fix since the issue was identified this morning and apologized to affected users for the inconvenience.
Cysic: Mainnet Operations Unaffected, Cross-Chain Bridge Still Paused
Cysic issued a service status update stating that the Cosmos explorer is temporarily unavailable, Cysic mainnet operations are unaffected, and it is working to restore explorer access as soon as possible. Following a recent security incident, the cross-chain bridge remains paused. Funds related to pending cross-chain transactions remain safely held in the bridge contract, and the relevant transactions will be processed once the bridge is secure again.
Funding & Investment
Robotics Company Eka Robotics Completes $150 Million Series A Led by a16z and F-Prime
Robotics startup Eka Robotics announced the completion of a $150 million Series A at a post-money valuation of $1.45 billion, co-led by a16z and F-Prime. Founded by MIT professor Pulkit Agrawal and former Google DeepMind researcher Tuomas Haarnoja, the company develops manipulation architectures combining force-sensitive grippers with a "vision-force-action" model, distinguishing it from mainstream "vision-language-action" models.
AI Company Arda Raises $230 Million Led by Altimeter Capital and Others
Arda, an AI manufacturing startup founded by former OpenAI research head and former Palantir product and engineering lead Bob McGrew, announced the completion of a $230 million funding round at a valuation of $1.5 billion. The round was led by Altimeter Capital, Accel, and Khosla Ventures. Arda develops AI software and agents for manufacturing engineers to help build and adjust assembly lines more quickly.
Tech Hedge Fund Augnition Global Investors Completes $1 Billion Fundraise
Augnition Global Investors, a tech hedge fund founded by former Sequoia Capital global equities head Jeff Wang, announced it has completed a fundraise of over $1 billion. According to disclosed regulatory filings, the fund had at least $570 million at launch, about 45% of which was internal capital. Jeff Wang led Sequoia's global equities business for a decade, and during his tenure participated in investments in late-stage private companies including ByteDance, SpaceX, Stripe, and Airbnb. Augnition Global will primarily invest in public and private tech companies.
Voices*Opinions
Machi Big Brother (Huang Licheng) posted on X that the PAPER token appears likely to remain non-transferable for an extended period, meaning fee distribution revenue will be the only way for holders to currently obtain investment returns, though as token supply increases, holders' share of fee distributions may also be diluted.
Bitwise Chief Investment Officer Matt Hougan shared on X the "2027 Long-Term Capital Market Assumptions" report published by JPMorgan Asset Management. The report projects Bitcoin's annualized compound return over the next 10 years at 10%, higher than the 7.5% for US large-cap stocks and 5.5% for gold, the highest among the asset classes listed in the report. The report also projects Bitcoin's annualized arithmetic return at 20.9% and annualized volatility at 55%, significantly higher than the 18% for US large-cap stocks and 17.2% for gold.
Citi Research published a report stating that viewing Aave merely as a crypto-native lending protocol is no longer sufficient. As tokenized assets, stablecoins, and institutional participation gradually enter mainstream finance, Aave is poised to become a decentralized collateral liquidity protocol connecting tokenized assets and financing. The report notes that Aave V4, Horizon, and GHO all point toward the intersection of collateral, liquidity, and financing; as tokenization expands from stablecoins to money market funds, private credit, Treasuries, and eventually equities, collateral circulation could become one of the key use cases of tokenization.
