How much key market intelligence did you miss on October 17?

律动BlockBeats

24-10-17 19:03

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Featured News

1.Rune stocks generally rose, DOG•GO•TO•THE•MOON rose more than 10% in 24 hours

2.Upbit will launch Injective (INJ) on the KRW and USDT markets

3.deBridge governance token DBR has been opened for airdrop applications

4.Animoca Brands plans to buy back more from the open market WATCoin

5.Top trader Eugene: Bitcoin's performance exceeded expectations, and altcoins are much more sensitive to election results than Bitcoin

Trending topics

Source: Overheard on CT (tg: @overheardonct), Kaito

$XRP: Today's discussion on XRP revolves around several major developments. Ripple announced the launch of its dollar-pegged stablecoin RLUSD and partnered with major trading platforms such as Uphold, Bitstamp and MoonPay, awaiting regulatory approval. At the same time, Grayscale submitted an application to convert its digital large-cap fund (which includes XRP) into an ETF, which further increased market attention. Additionally, Ripple’s strategic initiatives and multiple partnerships were highlighted at Ripple’s Swell conference, driving positive market sentiment for XRP.

$LTC: Today’s discussion around Litecoin (LTC) was focused on Canary Capital’s Litecoin ETF application filed with the U.S. Securities and Exchange Commission (SEC). The news sparked a heated discussion on Twitter and fueled positive market sentiment. This application follows Canary’s recent XRP ETF application and is seen as a catalyst that could spark increased institutional interest in Litecoin. Following the news, LTC’s social interactions, trading volume, and price performance all increased significantly, becoming one of the focal points of today’s cryptocurrency market discussion.

Polymarket: Today's discussion on POLYMARKET has focused on the large amount of betting activity related to the upcoming US presidential election, especially the controversy over Donald Trump's odds of winning. An entity reportedly is placing large bets on Trump, sparking discussions about market manipulation and its impact on public opinion. In addition, the difference between POLYMARKET's odds and other prediction models has also sparked heated discussions, especially in terms of accuracy. At the same time, POLYMARKET's integration with Pyth Network and its role in the crypto ecosystem has also received much attention.

Threads&Tweets

1.Unichain: The continued axis of LP and Ethereum, and the potential axis of other L2s, @salveboccaccio

2.Interpretation of the crypto industry report released by a16z, @DarenMatsuoka

Selected articles

1.《Memecoins + Utility Coins = Community Clusters》

@hmalviya9

What if we can merge the advantages of utility coins and meme coins? The idea is to create "community clusters" where a popular meme coin project forms a partnership with multiple utility coin projects to create a system that generates passive income for community members.

2.《AUTISM 30 times a week, mentally retarded and autistic dominate meme abstract culture｜What is meme hyping today? 》

BlockBeats

GOAT continues to fluctuate around $300 million, the AI coin issuance craze has temporarily subsided, and SYDNEY (Truth terminal's Girlfriend), which was launched today, reached a market value of $4 million within half an hour of its launch, and then quickly fell and collapsed. The cult and abstract cultural tokens previously promoted by Marud have ushered in a "harvest period" in the past two days.

3.《Bull returns quickly? Can BTC break a new high in October? ｜Trader Observation》

BlockBeats

The macro environment does not seem to have changed significantly in the past few days. Traders have not made any significant adjustments to their pricing of whether the Fed will cut interest rates in November. The performance of US stocks and gold has also been relatively stable. What factors have led to such a strong trend of BTC? Is this an independent market for BTC or is the liquidity of the Fed's rate cut gradually overflowing into the cryptocurrency market?