According to statistics from the Korean community minchoisfuture, Upbit tends to see a decline in Bitcoin prices after listing new coins.
Author: Deep Tide TechFlow
Market Dynamics
Grass Foundation: The first round of GRASS token airdrop will start on October 28
The Grass Foundation announced that the first round of the GRASS token airdrop will officially begin on October 28, 2024, at 21:30 (Beijing time). Users must earn more than 500 Grass points in any period before October 15, 2024, at 4:00 (Beijing time), and link their wallets on the Grass dashboard to qualify for the airdrop.
The Grass Foundation reminds users that the airdrop collection has not yet started and urges the community to remain vigilant against scams. The official emphasized that the collection operation will only take place on the official website, and there is currently no need to sign any on-chain transactions.
BounceBit launches the community's first CeDeFi ecological project durian.win, with 15% token rewards allocated to the BounceBit community
The BounceBit community has launched the first ecological project durian.win (durian) based on the BounceBit CeDeFi infrastructure, aimed at providing Degen users with an extremely user-friendly perpetual contract trading platform. The early access event for durian is expected to start in November.
In the future, 15% of the tokens that may be issued by durian.win will be allocated to the BounceBit community and V2 version users, further enhancing the interaction and feedback mechanism of the CeDeFi ecosystem.
Arbitrum launches "Fast Withdrawal" feature, reducing withdrawal time from 7 days to 15 minutes
Offchain Labs, the initial developer of the Ethereum Layer 2 network Arbitrum, announced the launch of the "Fast Withdrawal" feature. This feature will allow specific Orbit chains and RaaS (Rollup as a Service) providers to complete withdrawals within 15 minutes, significantly improving efficiency compared to the previous waiting time of up to 7 days.
The Offchain Labs team stated: "The fast withdrawal feature reduces withdrawal time by over 90%, making the process very similar to traditional bank account withdrawals. Although not exactly the same, this represents a significant improvement over traditional blockchain standards, bringing it much closer to the experience of fund transfers in traditional finance."
U.S. government wallet address hacked, $20 million in crypto assets stolen
On October 25, according to Arkham monitoring, a cryptocurrency wallet associated with the U.S. government was hacked, resulting in approximately $20 million in assets being stolen. The stolen funds originated from some of the assets seized by the U.S. government during the 2016 Bitfinex exchange hack.
The attackers transferred the stolen funds to a wallet address starting with "0x348." The stolen assets include various cryptocurrencies such as USDC, USDT, aUSDC, and ETH. Arkham reported that the hackers have begun converting stablecoins into Ethereum and laundering the funds through addresses suspected to be related to money laundering services.
Fitness incentive app Moonwalk Fitness completes $3.4 million seed round financing, with participation from Binance Labs
According to Fortune, the fitness incentive app Moonwalk Fitness announced the completion of a $3.4 million seed round financing. This round was led by Hack VC, with participation from Binance Labs, Reciprocal Ventures, and Solana co-founder Raj Gokal. Moonwalk Fitness is an app that combines gamification elements and financial incentives to encourage users to develop healthy habits through a cryptocurrency reward mechanism, injecting new vitality into traditional fitness tracking.
The core mechanism of Moonwalk Fitness encourages users to achieve daily step goals by staking USDC, SOL, or BONK tokens. Users need to meet their team's step goals or keep pace with the leaders; otherwise, they will lose part of their staked funds, which will then be redistributed among the winners. Caitlin Cook, the growth director of Moonwalk Fitness, referred to it as "gamified accountability," aimed at helping people stick to their set goals.
U.S. cryptocurrency exchange Kraken plans to launch its native blockchain network next year
According to market news, the U.S. cryptocurrency exchange Kraken plans to launch its native blockchain network next year.
Data: Bitcoin prices typically decline after new coins are listed on Upbit
On October 24, according to statistics from the Korean community minchoisfuture, an analysis of the price changes of Bitcoin after new coin listings on Upbit, based on 16 recent listings, found that Bitcoin prices tend to decline within 24 hours after new coins are listed on Upbit.
It is reported that there is a popular term in the Korean community "석우절" (Seok Woo Festival, Seok Woo is the chairman of Upbit), meaning that whenever Upbit lists new coins, the market will decline.
Binance and OKX announce the launch of GOATUSDT perpetual contracts
On October 24, Binance and OKX announced the launch of USD-margin GOATUSDT perpetual contracts.
Zhu Su: The value accumulation of Solana ecosystem Meme is similar to Ethereum's ICO in 2017
Zhu Su posted on the X platform, stating, "The best analogy for the value accumulation of Solana's Meme coins is the Ethereum ICO and ETH in 2017. Institutions may not directly participate in the ICO but buy ETH, so the ICO acted as a beta for Ethereum throughout the year."
Solana ecosystem AI MEME market capitalization ranking: GOAT, ACT, FARTCOIN lead the way
According to DropsTab data, as of October 24, 2024, the AI Meme Bot projects on Solana are ranked by FDV as follows:
GOAT ranks first with $808 million, with a 24-hour trading volume of $232 million. Following closely are ACT and FARTCOIN, with FDVs of $68.8 million and $66.9 million, respectively.
Other listed projects include GNON ($65.3 million), FLAVIA ($32.3 million), SHOGGOTH ($27.2 million), FOREST ($26.9 million), and SHEGEN ($22.6 million).
Market Trends
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