This week's crypto news review | MeMe coin market value is nearly 57.3 billion US dollars, PEPE has increased by 41.8% in the past 7 days

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MarsBit
09-29
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The market value of MeMe coin is nearly 57.3 billion US dollars, and PEPE has increased by 41.8% in the past 7 days.

CoinGecko data shows that the market value of the Meme coin sector is close to US$57.3 billion, with a 24-hour increase of 2.4%. The top three projects by market value have increased in the past seven days: DOGE increased by 19.3%, SHIB increased by 36.9%, and PEPE increased by 41.8%; the increases of other mainstream Meme coins in the past seven days are as follows: WIF increased by 37.7%, BONK increased by 33.5%, FLOKI increased by 26.6%, BRETT increased by 22.7%, MOG increased by 36.2%, MEW increased by 27.9%, NEIRO increased by 39.5%, and BABYDOGE increased by 34.7%.

BlackRock increased its holdings by 1,684 BTC and now holds 365,310 BTC

According to Lookonchain monitoring, BlackRock increased its holdings by 1,684 BTC, worth approximately US$110.7 million. BlackRock IBIT increased its holdings by 7,578 BTC in the past four days, worth approximately US$497.6 million, and now holds a total of 365,310 BTC (US$24.04 billion).

Michael Saylor: By January 2, 2035, 99% of BTC will be mined

MicroStrategy founder Michael Saylor posted on the X platform that by January 2, 2035, 99% of BTC will be mined.

Celestia Foundation Completes $100 Million Funding

Celestia Foundation, the team behind the Celestia blockchain network, announced the completion of a $100 million financing round, led by Bain Capital Crypto, with participation from Syncracy Capital, 1kx, Robot Ventures, Placeholder and others, bringing the total financing for the project to $155 million.

Farcaster client Warpcast launches new "Mini-app" feature

Farcaster, a decentralized social protocol, has introduced a native way to develop applications for the decentralized social media protocol. The tool system, called Mini-app, went live on Tuesday and is similar to the existing Farcaster Frames feature, which allows users to embed decentralized applications (dapps) directly into their social media feeds.

“The Mini-app view is a full HTML/CSS/JS webpage, so it’s both simple and complex in some ways. Simple because you can use a full interactive canvas and any web framework you want, complex because it requires a lot more to set up than a simple image,” Warpcast developer horsesefacts explained in a social media post.

Polymarket's betting on 2024 U.S. presidential election tops $1 billion

The amount of bets on the 2024 US presidential election on the prediction platform Polymarket has exceeded $1 billion. Among them, Vice President Kamala Harris's chance of winning is predicted to be 51%, with a total bet of nearly $154 million; followed by Republican candidate Donald Trump, whose chance of winning is 48%, with a bet of about $163 million. In addition, users have also bet on other Republican or Democratic candidates to win, but these odds are relatively low.

Harris says the U.S. should be a leader in blockchain and reiterates support for digital assets

U.S. Vice President Harris said in a speech to the Economic Club of Pittsburgh on Wednesday that under her leadership, the United States will "recommit" to maintaining global leadership in areas that will define the next century, "maintaining dominance in artificial intelligence and quantum computing, blockchain and other emerging technologies."

Harris, who had been silent on cryptocurrency on the campaign trail until last weekend, said at a recent Wall Street fundraiser in Manhattan that artificial intelligence and cryptocurrency are part of her vision for an “opportunity economy.”

VanEck analysts say the outcome of the November election could be a mixed blessing for cryptocurrencies. “We believe that while both Harris and Trump are bullish on Bitcoin, both parties have more nuanced impacts on the broader digital asset market,” the analysts wrote earlier this week. “Both administrations are likely to maintain, if not accelerate, fiscal spending, which could lead to further quantitative easing — especially if anti-business policies intensify.” They note that a Harris presidency could be more favorable for Bitcoin because it would “accelerate many of the structural issues driving Bitcoin adoption.”

Cross-chain activity surges 433% after LayerZero announces secondary airdrop

The cross-chain messaging protocol is experiencing a resurgence in cross-chain messaging following the announcement of its second airdrop, with average daily message volume rising to 98,000 on Saturday.

The recent surge represents a 433% increase from the previous low of 18,400 messages, indicating renewed interest in the protocol, which has seen a recent lull in activity, with average daily message volume hovering around 20,000 for several weeks.

The announcement of the second airdrop appears to be the catalyst for this sudden uptick in activity. Wallets that claimed ZRO tokens in the first airdrop but subsequently showed no activity will be excluded from this round, incentivizing real users to continue interacting with the protocol.

Coinbase International now launches HMSTR perpetual contract

On September 27, Coinbase International announced that the HMSTR-PERP market is now fully traded on Coinbase International and Coinbase Advanced. Limit, market, stop and stop-limit orders are now available.

Robinhood and Revolut are exploring launching stablecoins

According to people familiar with the matter, popular online brokerage firms Robinhood and Revolut are exploring issuing their own stablecoins. Robinhood said it has no plans to issue them "at the moment." Revolut said it plans to "further expand" its suite of cryptocurrency products.

On the eve of CZ’s release from prison: BNB Chain is developing strongly, which Altcoin will see a surge?

Ten days before CZ was released from prison, the Federal Reserve announced a 50 basis point interest rate cut. This historic move marks the beginning of a cycle of interest rate cuts and is expected to inject new liquidity into the crypto market. Based on past experience, October is known as "Uptober" in the crypto. In the past 11 years, there have been only two declines, and the rest of the time has been an increase, with a success rate of 82%. Is this a coincidence or God's will? Can it drive the inflow of new funds and warm up market sentiment?

A-shares experienced an epic surge, regaining 3,000 points. What impact will this have on the crypto market?

The surge in A-shares and Hong Kong stocks has not only released the potential of traditional financial markets, but may also provide new momentum for the flow of funds in the crypto market. Especially in the context of the still complex and volatile global economic situation, the crypto market, as a high-risk and high-return investment tool, may show more opportunities in future market performance.

SEC Chairman Gary Gensler reiterates that Bitcoin is not a security and refuses to comment on Trump's Bitcoin reserve plan

SEC Chairman Gensler believes that cryptocurrencies need regulatory clarity and that most tokens should be regulated by the SEC. He maintains this position despite counterattacks and lawsuits. The crypto space faces challenges in building trust, and many leading figures have been imprisoned. Gensler stressed the importance of protecting investors and consumers, arguing that without trust and protection, the innovative space cannot survive.

Double good news from the Federal Reserve and the People's Bank of China! Do Wintermute and Hayes foresee a surge in cryptocurrencies?

Experts share their views on cryptocurrency prices as central bank policy shifts. China's central bank stimulus measures have sparked investor optimism, and the Federal Reserve has also signaled a rate cut. Experts believe this will inject liquidity into the cryptocurrency market and increase risk tolerance. However, some analysts believe that the US and cryptocurrency markets are sluggish, and it is unclear whether China's rate cut will have a stimulating effect. Maelstrom's founder believes that the central bank's policy shift is the reason for the change in cryptocurrency price stance, and he has become more optimistic recently. Bitcoin and Ethereum prices have fallen in the past 24 hours.

RWA Tokenization Revolution: Even the Unbanked Can Easily Participate in Global Investment Opportunities

RWA tokenization can convert physical assets into digital tokens, enabling secure and transparent transactions through smart contracts. It can lower barriers to entry and allow more people to participate in investment opportunities such as real estate, commodities, and intellectual property. It is estimated that by 2030, the market size of tokenized real-world assets may reach 16.1 trillion US dollars, which will have a far-reaching impact on promoting global economic inclusion and fairness. Regulatory cooperation, technological innovation, and extensive education are essential to realize these benefits. Companies such as Brickken are shaping a democratized future of financial opportunities, paving the way for everyone to participate in and benefit from real-world assets.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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