AICoin Focus: Daily Hot Picks (October 20)

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1. The Harris campaign team released a cryptocurrency regulatory plan, sparking widespread attention and discussion, aimed at attracting Black male voters.

2. The Federal Reserve will release the Beige Book next week, and several FOMC voting members will speak, with the market's expectation of a 25 basis point rate cut in November reaching 92.3%.

The S&P 500 index and gold prices both hit new highs this week, with the market's bets on a rate cut by the Federal Reserve remaining stable compared to last week, still expecting a 25 basis point cut in November at about 92.3%, up from 89.5% last week. The release of the Beige Book by the Federal Reserve next week may be the most noteworthy macro event, in addition to several Federal Reserve policymakers also speaking, which could increase market volatility. Here are the key macro market points to focus on in the new week: Monday at 20:55, 2026 FOMC voting member and Dallas Fed President Logan will speak and participate in a Q&A session at the 2024 SIFMA Annual Meeting; Monday at 22:00, U.S. September Conference Board Leading Economic Index month-on-month; Tuesday at 01:00, 2026 FOMC voting member and Minneapolis Fed President Kashkari will speak; Tuesday at 05:05, 2025 FOMC voting member and Kansas Fed President George will speak on economic and monetary policy outlook; Tuesday at 22:00, 2026 FOMC voting member and Philadelphia Fed President Harker will speak at the 8th Financial Technology Conference hosted by the Philadelphia Fed; Wednesday at 21:00, Federal Reserve Governor Bowman will speak at the 8th Financial Technology Conference hosted by the Philadelphia Fed; Thursday at 09:00, China's September Swift RMB share in global payments; Thursday at 02:00, the Federal Reserve will release the Economic Conditions Beige Book; Thursday at 20:30, U.S. initial jobless claims for the week ending October 19; Thursday at 20:45, 2024 FOMC voting member and Cleveland Fed President Mester will give a welcome speech at an event; Thursday at 21:45, U.S. October S&P Global Manufacturing and Services PMI preliminary; Thursday at 23:00, 2025 FOMC voting member and Chicago Fed President Goolsbee will give a welcome speech at an annual meeting; Friday at 22:00, 2026 FOMC voting member and Minneapolis Fed President Kashkari will speak. -Original

3. This week, U.S. spot Bitcoin ETFs increased their holdings by 32,370 BTC, which is 14 times the Bitcoin output for the week, indicating strong demand.

This week, U.S. spot Bitcoin ETFs increased their holdings by 32,370 BTC, while the Bitcoin output for the week was only 2,250 BTC. -Original

4. Meta's market capitalization surpasses Bitcoin, ranking in the top ten of global assets, reflecting the strong position of tech giants in the market.

Meta's total market capitalization has reached $1.458 trillion, surpassing Bitcoin ($1.349 trillion), temporarily ranking tenth in the global asset list. The twelfth position is held by the Vanguard S&P 500 ETF, with a market cap of $1.277 trillion. -Original

5. Bitwise Ethereum ETF holdings exceed 97,785 ETH, with a market value close to $260 million, showing continued institutional interest in Ethereum.

Bitwise officially updated its Ethereum ETF holdings information, stating that as of October 18, the ETHW holdings reached 97,785.44 ETH, with a market value of $259,853,087.06. According to Arkham monitoring, approximately 573.942 ETH flowed from the cryptocurrency exchange Kraken's hot wallet address into the Bitwise Ethereum ETF, valued at about $1.51 million. -Original

6. The U.S. SEC approves Bitcoin ETF options to be listed on the New York Stock Exchange, further providing liquidity for ETFs and attracting capital inflows.

7. DNA Fund acquires Coral Capital Holdings, expanding its investment portfolio in DeFi, AI, and blockchain.

The DNA Fund, which participates in emerging technology and Web3 investments, has acquired the investment management company Coral Capital Holdings, which previously managed millions of dollars for DNA's founder. DNA and its founder have invested in or founded projects including Tether, EOS, Mastercoin, Bancor, and Hedera Hashgraph. This acquisition will increase the assets under management (AUM) of the DNA Fund by over $50 million, including Coral's hedge funds and venture capital funds focused on DeFi, artificial intelligence, blockchain, and other emerging technology sectors. Some of Coral's top investment projects include Near Protocol and Atmos Labs. -Original

8. Hong Kong Cyberport startups raised over HKD 3.7 billion in funding over the past year, attracting investors with the potential of Web 3.0 technology applications.

Data disclosed by Hong Kong Cyberport shows that its community startups successfully raised over HKD 3.7 billion in funding in the year ending September 2024, a year-on-year increase of 23%. Recent high-profile funding rounds were completed by Cyberport companies including KLOOK, Leapstack, Buy&ship, MediConCen, and DeBox, with a cumulative funding total exceeding HKD 41.2 billion. Additionally, HashKey Group, Hong Kong's second licensed virtual asset trading platform, has become the eighth unicorn in Cyberport, reflecting the potential of Web 3.0 technology applications attracting investor support, as well as the effectiveness of Cyberport's efforts to develop the Web 3.0 industry. Hong Kong Cyberport announced that the Cyberport Venture Capital Forum (CVCF) will be held from October 24 to 25, focusing on how emerging technologies like Web 3.0 and AI can help startups and investors break boundaries. -Original

9. Ethereum on-chain NFT sales exceeded $33 million this week, showing sustained market interest and diversified development in NFTs.

Data shows that Ethereum had the highest NFT sales this week, reaching $33.61 million, a 31.7% increase from the previous week; Bitcoin ranked second in NFT sales this week, reaching $21.41 million, a 35.6% increase from the previous week; the third-ranked blockchain for NFT sales was Solana, with sales of $16.69 million, a 40.87% increase. Additionally, the highest-priced NFT sold this week was an Uncategorized Ordinal, priced at $4.55 million; the second highest-priced NFT was the Ethereum-based Tokenvestingplans NFT, priced at $913,526. Although Ethereum and Bitcoin continue to dominate the NFT market, this week's NFT sales data highlights the market's increasing diversification, indicating that the preferences of buyers and sellers are constantly changing, and it is logical that the NFT market's recent growth aligns with the broader cryptocurrency market. -Original

10. The Murad wallet is reported to be accumulating FARTCOIN, sparking market attention and speculation.

The suspected Murad wallet is accumulating FARTCOIN. In the past hour, the wallet sold 105,000 POPCAT, 241,000 GIGA, and 10 SOL, accumulating 237,300 FARTCOIN, worth about $160,000. Currently, the wallet's FARTCOIN is valued at over $210,000, with an unrealized profit of about $50,000. The wallet also holds 4% of the total supply of MINI, making it the largest holder. -Original

11. Wang Shixiong, former Deputy CEO of Bank of China Hong Kong, appointed Chairman of the Board of stablecoin issuer IDA, to advance the development of a 1:1 collateralized stablecoin pegged to the Hong Kong dollar.

IDA, a stablecoin issuer based in Hong Kong that references fiat currency, announced the appointment of Wang Shixiong as Chairman of the Board, who will lead IDA's strategic vision and corporate governance in preparation for the upcoming launch of its fiat-referenced stablecoin. Wang Shixiong has over 30 years of experience in the banking industry and previously served as Deputy CEO of Bank of China (Hong Kong) Group, overseeing various financial market operations, including global markets, global transaction banking, investment management, insurance, asset management, and other capital market-related businesses. IDA announced the completion of a $6 million seed round financing in September, with participation from Hack VC, Anagram, GSR, Protagonist, Brinc, Chorus One, Kenetic, SNZ, and Yolo Investments, to advance the development and launch of its Hong Kong dollar 1:1 collateralized stablecoin HKDA. -Original

12. A trader sold 12.15 million GNON, missing out on over $1.37 million in potential profits, sparking market discussions.

A "not-so-smart" trader bought 12.15 million GNON for 10 SOL ($1,505) but sold it just one minute later for 7.32 SOL (about $1,113), incurring a loss of $392. Interestingly, the current value of these GNON tokens has exceeded $1.37 million, meaning this trader could have "retired" with that money. -Original

13. U.S. stocks are nearing historical highs, the yen is weakening, and with the U.S. elections approaching, risk appetite is increasing, driving up risk assets.

QCP released a weekly summary stating that BTC rose by 10.48%, reaching a high of $69,000, with the psychological barrier of $70,000 now in sight. There are no major macro data points as resistance next week. The inflow of BTC ETFs this week has been substantial. As of Friday, ETF inflows reached $203.3 million, showing a net inflow trend for six consecutive days. The continued inflow into ETFs indicates that institutional demand remains strong. With the SEC approving Bitcoin ETF options to be listed on the New York Stock Exchange (NYSE) this morning, it is believed that this will provide the necessary liquidity for ETFs and attract sustainable capital inflows. Bitcoin's market share currently stands at a multi-year high of 58%, a level last seen in April 2021. As it approaches the key resistance level of 60%, we believe this will lay the foundation for a strong recovery of Layer 1 (L1) tokens. As the U.S. stock market nears historical highs and the yen continues to weaken, risk appetite will only further strengthen with the upcoming U.S. elections. This will drive up risk assets and support the "Uptober" rebound narrative. -Original

14. Meme coin Murad claims that Memecoin is still widely overlooked and misunderstood, expecting its market capitalization to exceed $1 trillion in the future.

Meme coin KOL Murad posted on platform X, stating that Memecoin continues to be widely ignored and misunderstood, even among cryptocurrency natives. A generational repricing is inevitable, raising your expectations to over $1 trillion. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AICoin (aicoin.com).

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