In the past week (10.16-10.20), many new popular currencies and topics have appeared in the market.

1.Market Trends

This week (10.16-10.20) the most focused topics in the market are:

• Ten-year U.S. bond interest rate rose to 4.97%, SEC dropped charges against Ripple CEO

• Bitcoin market share hits 2-year high at 51%, Reddit terminates blockchain community points service

• Scroll was officially launched on the mainnet, and the Ethereum network continued to maintain single-digit Gas on October 18

• Bitcoin spot ETF news causes BTC to spike upwards, TipChat will be launched to cause TIP to surge

• Grayscale plans to convert GBTC into ETF, and Korean concept currencies such as LOOM performed well

2.Popular Projects

The most popular projects this week (10.16-10.20) are:

ARB（Token）：The first round of voting for the Short-term Incentive Plan (STIP) launched by Arbitrum was completed last week. Among the 97 proposals submitted, 29 projects will be able to participate in this incentive plan according to Arbitrum rules; after ARB experienced a short-term wave of price increases, At present, the token price has once again fallen back to near the historical low position, with large fluctuations due to the demand for governance.

JOE（Token）：With the recent popularity of the MEME coin, the project team has given up contract rights, and many leading KOLs in CT have placed orders, including Pranksy, 0x Lawliette, LaserCat, cousin crypto, etc.

VEXT（Token）：VEXT project owner Veloce is a media company focusing on e-sports, games and Web3. It recently launched its VEXT token. Veloce expects to increase audience engagement at its real and virtual sports events through the VEXT token, and hopes its use as a tradable asset will help Veloce expand.

WSM（Token）：The popular MEME token in the crypto community originated from the Wall Street meme movement. The WallStMemes community has more than 800,000 people. It integrates the humor of meme with Web3 elements. In addition to hyping the value of MEME, the project also provides a staking function. Currently The annual return on pledge exceeds 40%.

REKT（Token）：The meme coin with the theme of running away was released on October 19. It was promoted by many well-known KOLs such as former Bitmex CEO Arthur Hayes, RektGuy, Dave Waslen, etc. It was highly popular in the community, and its 24-hour trading volume exceeded US$14 million. , very hot.

Tofu NFT Marketplace（NFT）：Tofu NFT Marketplace is a completely rewritten NFT marketplace based on the experience with SCV.finance’s NFT Marketplace. It inherits all the benefits like fast loading and advanced filters, while being equipped with many new features and enhancements. Currently, the project maintains a certain trading volume on Arbitrum, and it is recommended to pay attention.

Uniswap（Dapp）：According to the official announcement, Uniswap will charge a 0.15% exchange fee for certain tokens in its web application and wallet starting from October 17, including: ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD , LUSD, EUROC, XSGD, these tokens only charge fees when transactions are conducted on the mainnet and L2 through the Uniswap Labs interface to sustainably fund Uniswap operations.

Friend.Tech（Dapp）：SlowMist founder Yu Xian posted a message on social media to remind that there are hidden risks in friend.tech-related tools, especially those that directly request private keys or require users to pass friend.tech account numbers (such as mobile phone numbers) and independent passwords (friend.tech’s 2FA ) login tool. These service backends can interact with friend.tech through reverse proxies, potentially manipulating user funds.

Blur（Dapp）：After Blur announced that the second quarter airdrop event would end on November 20, the investment institution ARCA launched a proposal in the community to increase fee sharing and special rights for BLUR, which was forwarded by the official tweet. Affected by this, the BLUR token went against the trend. The market has experienced an increase of up to 30% in the past week, and is currently experiencing a correction, with the transaction volume of the entire network reaching 270 million US dollars.

3. Hot Searches

The most popular topics this week (10.16-10.20) are:

XRP（Token）：Ripple announced today that the U.S. Securities and Exchange Commission (SEC) has dropped all charges against its CEO Brad Garlinghouse and Executive Chairman Chris Larsen. The victory is the third in a row for Garlinghouse, Larsen, and Ripple, and follows a July 2023 ruling declaring that XRP itself is not a security and a subsequent October federal judge’s decision to deny the SEC’s appeal request.

Bitcoin（Token）：International risk aversion continues to rise, and VXX rose 5% yesterday and is about to break through. The rapid rise in U.S. bond yields has prompted the U.S. dollar index to stabilize and rise, putting asset risks under pressure. Recently, Bitcoin has emerged from the risk-off market, and Bitcoin’s share of the crypto market has increased to 51%.

BIGTIME（Token）：After TGE surged for many days, BIGTIME experienced a single-day decline of nearly -30% yesterday. The project team increased the gold threshold and required the purchase of more NFTs to enter the copy. (BIGTIME is a PC multiplayer action role-playing game, led by the former founder of Mana, recruiting an all-star team of game industry veterans from leading game companies such as Epic Games, Blizzard, EA and Riot , initially raising over US$90 million through the sale of NFT).

PAAL（Token）：It has soared to a new high, gained 1 million users, and will have staking income in the future (with a 4% transaction tax). The project announced yesterday that it has become a member of Nvidas Inception project and can enjoy certain computing resources. The coin is up 40%+, so keep an eye on it.

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[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.