Last week witnessed a strong surge in Bitcoin, driven by massive buying pressure from BTC ETFs. Meanwhile, the inflow of capital into altcoins did not see a corresponding upswing, causing the BTC.D index to reach a new high since March 2021.
Let's go through all the crypto movements this week with Coin68 to ensure you don't miss any important news!
Changes in the top cryptocurrencies compared to 7 days ago. Screenshot taken from TradingView at 09:35 AM on 20/10/2024
📺 Coin68 TV
- DeFi Discussion ep.168 (final episode): "Thank you"
- Jen's Podcast - Episode 11: Cultivating Discipline
- Economics Story #3:
- Brain Boost #36: What coins to buy when the market recovers?
- Airdrop Hunt: Lynk - Connect wallets to earn $500 easily
- Project Review: Movement - A project that brings opportunities to change positions
📄 News Highlights
Highlights 🔥
- Bitcoin ETFs bought 2.13 billion USD worth of Bitcoin last week, pushing BTC price back to $69,000
- Tesla transferred all 770 million USD in Bitcoin to a new wallet address
- Radiant Capital was attacked for the second time this year, resulting in a loss of $51 million
- The WLFI token sale of the DeFi project backed by Trump disappointed, selling only 43% of the planned tokens
Big Cap 💎
- Bitcoin Dominance surpassed 59%, reaching a 3-year high
- Worldcoin rebranded to World, launching the Layer-2 World Chain
- Sui admitted that its "infrastructure partners" had sold $400 million worth of tokens
- SingularityDAO merged with 2 other projects to create a Layer-2 focused on AI
- The AI Bot Truth Terminal, indirectly funded by a16z co-founder, pumped the MEME token GOAT
- Fundraising: Solv Protocol ($11 million), Blockstream ($210 million), Bitnomial ($25 million), Praxis ($525 million), Azra Games ($42.7 million), zkPass ($12.5 million), Yellow Card ($33 million)
DeFi and Layer 2 🦄
- Surpassing Arbitrum, Base became the largest Layer-2 Ethereum network by TVL
- deBridge airdropped 10% of the total DBR token supply to 491,000 wallets
- Ethena proposed adding SOL as collateral for the USDe stablecoin
- Kraken launched the Wrapped Bitcoin "kBTC" token compatible with DeFi
- The derivative DEX Hyperliquid announced the HYPE token airdrop
NFT, GameFi, Metaverse and SocialFi 🖼 🎮🌐
- Hamster Kombat teased the Airdrop Season 2 along with a new "promising" plan
- The game Off The Grid invested in by the Avalanche development fund, topped the Epic Games Store
- An Arbitrum DAO member proposed "reclaiming" 225 million ARB from the game fund
- Unichain could generate $468 million per year for Uniswap Labs and UNI holders
Major Organizations 💰
- BlackRock wants crypto exchanges to accept the BUIDL token as collateral
- Tether wants to participate in the traditional finance industry
- Metaplanet bought an additional 1 billion yen worth of Bitcoin
- Canary Capital filed for a Litecoin spot ETF
- Grayscale applied to the SEC to convert its Digital Large Cap fund into an ETF
Legal and Regulatory ⚖️
- FBI arrests the person behind the SEC (Twitter) hack
- SEC charges Vietnamese-origin person for issuing memecoin, sues market maker for manipulating the market
- Italy plans to increase Bitcoin income tax to 42%
Compiled by Coin68
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