Important information from last night and this morning (October 20-October 21)

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10-21
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Important news from last night and this morning (October 20 - October 21)

AI search company Perplexity is planning a new round of financing, with a valuation expected to reach $8 billion

According to The Information, the AI search startup Perplexity is planning a new round of financing, aiming to raise its valuation to $8 billion. Perplexity has already completed two rounds of financing this year, increasing its valuation to $3 billion. The new round of financing will double its valuation, further consolidating its position in the AI search field.

Stripe acquires stablecoin payment platform Bridge for $1.1 billion

According to TechCrunch founder Michael Arrington, the payment company Stripe has acquired the stablecoin payment platform Bridge for $1.1 billion, which is the largest acquisition in the cryptocurrency industry to date. Bridge previously raised $58 million in funding, with a valuation of $200 million. The platform was founded by Sean Yu and Zach Abrams, providing software tools for enterprises to accept stablecoin payments. Stripe's acquisition also represents its largest transaction in history, indicating the company's expansion in the cryptocurrency payment field. Previously, Stripe had resumed the use of USDC for cryptocurrency payments in the US and collaborated with Coinbase to integrate its Base Layer 2 network.

Scroll announces the launch of Scroll Open program and plans to improve the Marks system in Sessions 2

According to the official announcement, Scroll has announced the launch of the Scroll Open program, aiming to reward innovative and fast-growing developer programs. Additionally, Scroll stated that Scroll Sessions 2 will soon introduce an improved Marks system to reward more participation in the entire ecosystem. The new Scroll Sessions page and dashboard will be launched in the coming days.

Data: ADA, GAL, EIGEN and other tokens are scheduled to be unlocked next week, with ADA unlocking about $6.5 million

According to Token Unlocks data, ADA, GAL, EIGEN tokens will see large-scale unlocks next week:

Cardano (ADA) will unlock about 18.53 million tokens at 8 AM Beijing time on October 22, accounting for 0.05% of the current circulating supply, valued at about $6.5 million;

Galxe (GAL) will unlock about 587,000 tokens at 8 AM Beijing time on October 22, accounting for 0.46% of the current circulating supply, valued at about $1.2 million;

Eigenlayer (EIGEN) will unlock about 1.29 million tokens at 3 AM Beijing time on October 23, accounting for 0.69% of the current circulating supply, valued at about $4.8 million;

Ethena (ENA) will unlock about 12.86 million tokens at 3 PM Beijing time on October 23, accounting for 0.47% of the current circulating supply, valued at about $5.1 million;

Yield Guild Games (YGG) will unlock about 14.08 million tokens at 10 PM Beijing time on October 27, accounting for 3.64% of the current circulating supply, valued at about $8 million.

Tether stablecoin USDT market cap exceeds $120 billion

According to Tether's official data, the market cap of its US dollar stablecoin USDT has exceeded $120 billion, with a net circulation of $120,168,979,663.92.

Tether's Chief Executive Officer Paolo Ardoino posted on the X platform, stating "10 year, 120 billion", indicating that the market cap of the USDT stablecoin issued by Tether has exceeded $120 billion in 10 years.

BTC breaks through $69,000,ETH breaks through $2,700

According to the OKX market data, BTC broke through $69,000 this morning, currently trading at $69,022.00 per coin, with a daily increase of 0.57%. ETH broke through $2,700, currently trading at $2,749.59 per coin.

A dormant address holding 21 bitcoins was reactivated after 10.9 years

According to Whale Alert monitoring, a dormant address holding 21 bitcoins (worth about $151.6,000) was reactivated after 10.9 years. The bitcoins in this address were worth only $16,252 in 2013.

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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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