Headlines
Bitwise CIO: Bitcoin may break $0.1 million sooner than expected.
Asset management company Bitwise's Chief Investment Officer Matt Hougan said that driven by a large inflow of institutional funds into Bitcoin exchange-traded funds (ETFs), the instability of the US economy, and the US presidential election, Bitcoin may reach six figures sooner than expected.
Matt Hougan emphasized the increasing support of the Republican Party for cryptocurrencies, as well as factors such as inflation concerns prompting investors to turn to Bitcoin. With clear regulation and the supply restrictions brought by the Bitcoin halving, he predicts a rapid surge in the price of Bitcoin. (Bitcoin.com)
Standard Chartered Bank: Solana may rise by 400% if Trump wins the presidential election.
According to Watcher.Guru, Standard Chartered Bank stated that Solana may rise by 400% if Trump wins the presidential election.
Market Data
As of the time of publication, according to Coingecko data:
Bitcoin's recent fill price is $68,962.59, with a daily change of +1.0%;
Ethereum's recent fill price is $2,743.30, with a daily change of +3.6%;
BNB's recent fill price is $605.76, with a daily change of +1.4%;
Solana's recent fill price is $167.78, with a daily change of +5.1%;
DOGE's recent fill price is 0.1417 yuan, with a daily change of -2.1%;
XPR's recent fill price is $0.5474, with a daily change of +0.7%.
policy
The current Bitcoin holding positions in El Salvador are 5908.7 coins
Mempool data shows that El Salvador currently holds 5908.7 BTC, equivalent to 0.404 billion US dollars.
Blockchain applications
▌Daram's fair distribution method has been widely imitated, and similar ways of issuing new meme coins have successively appeared on chains such as the Ethereum mainnet.
On October 21st, on-chain data shows that the market cap of meme coin Daram on the Ethereum mainnet is 16 million US dollars, with a 24-hour turnover ratio of 65%, and a trading volume of 12.11 million US dollars. Since its launch, the trading volume has exceeded 60 million US dollars for 9 days, and the Meme trend list has been at the top for several days.
▌Vitalik Buterin referred to centralization of staking as one of the 'biggest risks' for Ethereum in the overview of 'harms'.
Ethereum co-founder Vitalik Buterin outlined in a recent blog post the methods the Ethereum community could take to minimize proof-of-stake centralization, as part of the blockchain's 'harms’ upgrade plan. Buterin referred to this issue as 'one of the biggest risks' for the Ethereum network and outlined several potential ways to prevent the consolidation of construction and staking capital to minimize risks. (The Block)
Cryptos
▌If Bitcoin breaks $0.069 million, the cumulative short liquidation strength of mainstream CEX would reach 0.247 billion
According to Coinglass data, if Bitcoin surpasses $0.069 million, the cumulative short liquidation intensity of mainstream CEX will reach 24.7 billion.
Note: The liquidation chart does not display the exact number of contracts awaiting liquidation, or the exact value of contracts being liquidated. The bars on the liquidation chart actually depict the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., intensity.
▌Stripe acquires stablecoin platform Bridge for $1.1 billion
According to TechCrunch founder Michael Arrington, payment company Stripe acquired stablecoin platform Bridge for $1.1 billion.
Bridge is Stripe's largest acquisition to date and also the largest in the history of the crypto industry. It raised $58 million from investors, with a previous valuation of $0.2 billion.
The software provided by Bridge helps businesses accept stablecoin payments, marking an expansion of Stripe's work in the crypto sector.
▌Data: Total locked value of DeFi protocols reaches $89.56 billion
According to Defi Llama data, the total locked value (TVL) of DeFi protocols has reached $89.56 billion. The top five TVL rankings are Lido ($26.26 billion), AAVE ($13.52 billion), EigenLayer ($11.65 billion), ether.fi ($6.591 billion), MakerDAO ($6.14 billion).
Bitcoin currently accounts for 54.8% of the total market cap.
According to CoinGecko data, the total market cap of cryptos is 2.47 trillion USD, with a 24-hour trading volume of 64.526 billion USD. Currently, Bitcoin accounts for 54.8% of the market cap, while Ethereum accounts for 13.1%.
Currently, the total network hash rate of Bitcoin is 693.46EH/s.
According to data from BTC.com, the current total network hash rate of Bitcoin is 693.46EH/s, with a 24-hour transaction rate of 8.2 transactions per second. The current overall network difficulty is 92.05T, with a predicted next difficulty adjustment of +2.53% to 94.38T, with 2 days left until the adjustment.
Important Economic Developments
The probability of the Fed cutting interest rates by 25 basis points in November is 99.3%.
According to CME's 'FedWatch', the probability of the Fed cutting 25 basis points by November is 99.3%, while the probability of a 50 basis point cut is 0.7%, and the probability of maintaining the current interest rate is 0%.
The probability of a total decrease of 25 basis points by December is 24%, a total decrease of 50 basis points is 75.5%, and a total decrease of 75 basis points is 0.5%.
Golden Encyclopedia
What is the original Danks sharding?
Sharding is a method of dividing a ledger into smaller parts called shards. However, proto-danksharding is one of the most opaque terms in the crypto world vocabulary. This term does not have a specific guiding meaning. Is proto an abbreviation of prototype? Is this the same dank in your favorite meme folder? Both of these assumptions might be quite reasonable, but they are incorrect. Protolambda and Dankrad Feist first proposed this idea, naming it after their own names; proto-danksharding is a type of transaction that accepts the aforementioned blob. The solution using blob aims to overcome Ethereum's long-standing high gas fees and low transaction throughput issues.
Disclaimer: As a blockchain information platform, Jinse Finance's published article content is for information reference only and not as actual investment advice. Please establish the correct investment concept and be sure to increase risk awareness.
