Headlines
▌Pump.Fun Plans to Launch Tokens in the Future
Pump.fun announced the launch of a new advanced trading terminal called Pump Advanced, and revealed plans to launch tokens in the X space. The main views of Pump Advanced include charts, top holder statistics, advanced filters, real-time update threads, and other features, aimed at attracting heavy users of Pump.fun. The website also allows users to log in through the Privy authentication platform, use non-custodial wallets, and charge 0% fees for at least the first 30 days, with future fees to be announced.
▌Harris' Crypto Regulatory Plan Draws Criticism but Also Optimism
On October 19, in an effort to gain the support of Black male voters, the campaign team of Democratic presidential candidate Harris released an outreach agenda that included a promise to develop a cryptocurrency regulatory policy to protect Black men investing in digital assets, the most specific statement from the current Vice President to date. While some crypto investors and industry insiders have welcomed Harris' more stringent rhetoric on crypto regulation, others have criticized the rhetoric as specifically targeting Black men. Research shows that over a quarter of Black Americans own cryptocurrencies, compared to around 15% of white Americans, making crypto more accessible.
Market
As of the time of writing, according to Coingecko data:
BTC's latest trading price is $68,233.43, with a daily change of -0.2%;
ETH's latest trading price is $2,640.08, with a daily change of +0.0%;
BNB's latest trading price is $596.92, with a daily change of -0.5%;
SOL's latest trading price is $158.88, with a daily change of +2.5%;
DOGE's latest trading price is $0.1424, with a daily change of +2.8%;
XPR's latest trading price is $0.5364, with a daily change of -0.7%.
Policy
▌ECB Signals Potential Regulation of Bit
An analyst named Tuur Demeester has issued a warning about a recent European Central Bank (ECB) document that suggests the imminent possibility of regulation, heavy taxation, or even an outright ban on Bit. The report, titled "The Distributional Consequences of Bit", argues that the rise in crypto prices disproportionately benefits early adopters, putting later investors at a disadvantage.
Blockchain Applications
▌Injective: Paradyze Private Testnet Now Live
Injective posted on the X platform that the Paradyze private testnet is now live, and Paradyze is building an on-chain prediction market platform that allows users to trade on everything from election results to meme coin potential.
▌Unisat: Maintenance Completed, PizzaSwap Withdrawal Function Now Live
According to a post by Unisat on the X platform, the previous PizzaSwap maintenance has been completed, and the withdrawal function is now fully open and available for use. Users can directly transfer, swap, and withdraw assets on PizzaSwap, and a new fee option has also been launched, allowing users to choose between bSats/sSats and bFB/sFB for greater flexibility during token swaps.
Cryptocurrencies
▌Bit Spot ETF Sees $274 Million Inflow in Six Days
On October 18, the Bit spot ETF saw an inflow of $274 million, with six consecutive days of inflows. Among them, ARKInvest's ARKB saw an inflow of $110 million, and BlackRock's IBIT saw an inflow of $70.4 million. In comparison, the inflow for Ether spot ETFs was relatively small, at $1.9 million. Sosovalue stated that these sustained inflows reflect growing investor confidence in Bit ETFs, and are driving continued market interest led by major funds like ARKInvest and BlackRock.
▌6 Hong Kong Virtual Asset ETFs Traded $15.29 Million Today
Hong Kong stock market data shows that as of market close, the trading volume of 6 Hong Kong virtual asset ETFs today was $15.29 million, including: $8.48 million for the Hua Xia Bit ETF (3042.HK), $2 million for the Hua Xia Ether ETF (3046.HK), $1.63 million for the Jiashi Bit ETF (3439.HK), $0.4379 million for the Jiashi Ether ETF (3179.HK), $2.58 million for the Bosera HashKey Bit ETF (3008.HK), and $0.1648 million for the Bosera HashKey Ether ETF (3009.HK).
▌Xiao Feng: Tokens Will Become the Key Connector Between Physical and Digital Realms in the Future
At the 10th Global Blockchain Summit, Dr. Xiao Feng, Chairman and CEO of HashKey Group, discussed the redefinition of tokens in the AI era and their potential impact on the future economy. Dr. Xiao believes that tokens will play a core role in the future digital economy, becoming the key connector between the physical and digital realms. The next decade will be an exciting and vibrant period of blockchain, Web3, and token innovation, which will reshape the economic landscape.
Important Economic Dynamics
▌ECB Governing Council Member Villeroy: Further Rate Cuts Possible
ECB Governing Council member Villeroy stated that inflation may reach 2% in early 2023, and further rate cuts are possible.
▌Fear and Greed Index Drops to 73 Today, Still in the Greed Range
The Fear and Greed Index rose to 73 today, still in the Greed range. Note: The fear index range is 0-100, including indicators: Volatility (25%) + Market Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bit's Dominance in the Overall Market (10%) + Google Trends Analysis (10%).
Jinse Encyclopedia
Sharding is a method of dividing the ledger into smaller parts (called shards). But proto-danksharding is one of the most opaque terms in the crypto lexicon. The term doesn't have any particular guidance. Is "proto" an abbreviation for "prototype"? Is this the same "dank" folder as your favorite meme? Both of these guesses might be reasonably plausible, but they would both be wrong. Protolambda and Dankrad Feist first proposed this idea, and they named it after themselves - proto-danksharding is a type of transaction that accepts the aforementioned "blobs". The blob-based solution aims to overcome Ether's long-standing high gas fees and low transaction throughput issues.
Disclaimer: Jinse Finance, as a Bit information platform, the content of the articles published is for reference only and does not constitute actual investment advice. Please everyone establish the correct investment concept, and must improve risk awareness.
