DeFund will airdrop native tokens D to Celestia stakers
On October 28th, DeFund, a Sovereign Rollup project, will airdrop its native token D to Celestia for pledging users. In addition, users who provide liquidity to specific TIA pools on Osmosis will also be eligible.
MicroStrategy's stock volume surpassed Amazon and Google's parent company in the last trading day of last week
MicroStrategy co-founder Michael Saylor revealed data on X platform showing that the company's stock successfully surpassed heavyweight stocks such as Amazon (AMNZ) and Alphabet (Google's parent company) in terms of trading volume on Friday. Michael Saylor wrote, "Bitcoin makes the Magnificent 8."
Mantle and Agora reach partnership
L2 network Mantle announced a partnership with Agora to use institutional-grade stablecoin AUSD to enhance ecological security and reliability, and solve the limitations of traditional bridged stablecoins, such as time locking and low capital efficiency. AUSD adopts an open mode, and all ecosystem participants can benefit equally, providing support for various applications in the Mantle ecosystem, including DeFi protocols and gaming platforms.
Chan Ho-lim: The Hong Kong government plans to launch a virtual asset custody licensing system for consultation next year
Chen Haolian, Deputy Director of the Hong Kong Financial Affairs and Treasury Bureau, plans to complete the second round of public consultations on the regulation of off-exchange trading (OTC) of virtual assets next year. He will also propose a proposed licensing system for regulating virtual asset custodial service providers for consultation next year to ensure that the safekeeping of digital assets conforms to international standards.
Dubai Virtual Assets Regulatory Authority: Willing to consider interoperability with Hong Kong if business is suitable
according to Hong Kong media Ming Pao, Deepa Raja Carbon, Managing Director and Deputy Chairman of the Dubai Virtual Asset Regulatory Authority (VARA), said that after experiencing turbulence, people in the virtual asset industry hope for clear regulations, which is why international exchanges are developing business in Dubai. Hong Kong and Dubai have very similar DNA, and regulatory coordination between regions is not necessary for virtual assets, but it is very important because many virtual asset fraud cases do not occur in a single region. Dubai and Hong Kong's regulatory departments are closely connected, and they appreciate the way Hong Kong regulates and handles issues. As long as the transactions or business are suitable for development in the region, they are willing to consider opportunities for mutual exchange.
Trader Misses Out on Potential $1 Million in Profits by Selling MemesAI Tokens Too Early at a Loss
On October 27th, according to Onchain Lens monitoring, a trader missed out on a potential profit of $1 million by selling too early due to losses. The trader originally purchased 33.7 million MemesAI tokens for 20 SOL ($2,971), but panicked and sold them for 7.79 SOL ($1,139) during a price drop. Now, the value of these tokens is over $1.02 million.
Su Zhu: Long on ETH and SOL
Su Zhu stated in a post on X that he has gone long on ETH at $2475 and on SOL at $175.
GSR Markets’ top three holdings on the Solana chain are JTO, RENDER, and TNSR
data from Arkham shows that the top three holdings of crypto market maker GSR Markets on the Solana chain are JTO, RENDER, and TNSR, with token values of $28.05 million, $3.77 million, and $2.86 million, respectively.
NDV co-founder Christian plans to participate in Sotheby's Cattelan banana auction
Christian, co-founder of the NDV crypto fund and NFT whale, announced on X platform that he will participate in the Cattelan banana auction at Sotheby's. If successful, he will represent the Cheems (@LordCheems_bsc) community in "feeding this masterpiece to the cute Shiba Inu Cheems." Christian also stated that spreading the memecoin revolution will be very interesting during this cycle.
CryptoQuant CEO: I disagree with the "meme cycle" theory. Economically driven social media is the next stage of Web3
Ki Young Ju, CEO of CryptoQuant, said on his social media platform: "I agree with everything meme coin enthusiasts talk about, except for the 'meme token cycle'. Social media has evolved from being centered around friends and family relationships to being centered around common interests, and the next step is social media driven by economic interests, which is also the vision of Web3. Memecoin is just a temporary combination of economics and common interests in the transitional phase of social media. Soon, we will see an era where economic interests are aligned with the creation of internet social value, and that is when the real season of altcoins will begin."
Market News: Tether CEO says his company owns 82,454 BTC
Paolo Ardoino, CEO of Tether, revealed in a post on X platform that the company holds 82,454 BTC, worth approximately $5.55 billion.
Overview of important developments on the evening of October 27
12:00-21:00 Keywords: Stablecoin, Wintermute, Meme
TIA, SUI, and OP tokens will be unlocked in large amounts next week, with TIA unlocking approximately $941 million
On October 27th, according to Token Unlocks data, TIA, SUI, and OP tokens will have a large amount of unlocking next week. Specifically:
Tether CEO shows a preview of the privacy-focused Tether Local AI development kit, with plans to open source it later
On October 27th, Tether CEO Paolo Ardoino posted on X platform stating that a preview of Tether's local artificial intelligence development kit, Local AI, was showcased at the Lugano Plan ₿ event yesterday. The kit focuses on privacy and is supported by peer-to-peer technology, allowing code to be written once and run anywhere, from a $40 smartphone to a flagship smartphone, from a laptop to a large machine with many H100s, from a smart fridge to a car entertainment system. Tether's AI SDK is highly modular, supporting any model (Marian, Llama, etc.) and loading/storing weights and fine-tuning data in a P2P data structure, with plans to be open-sourced after being tested in real-world scenarios.
Overview of important developments on the evening of October 26
12:00-21:00 Keywords: Vitalik, Curve, Animoca, Grayscale
The total open interest of Bitcoin contracts across the network fell to $37.94 billion
According to Coinglass data, the total open position of Bitcoin futures contracts on the network is 565,800 BTC (approximately $37.94 billion).
BNB falls below $580
market showed BNB fell below $580, currently reporting at $579.9, with a 24-hour decline of 2.44%. The market is volatile, so please be prepared for risk control.
AAVE drops below $140
market shows AAVE has fallen below $140 and is now trading at $139.97, with a 24-hour drop of 6.17%. The market is volatile, so please be prepared for risk control.
DOT falls below $4
according to market data, DOT has fallen below $4 and is now trading at $3.99, with a 24-hour decline of 4.55%. The market is fluctuating greatly, so please manage your risks carefully.
ARKM falls below $1.5
according to market data, ARKM has fallen below $1.5 and is now trading at $1.49, with a 24-hour drop of 9.7%. The market is volatile, so please be prepared for risk management.