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Important Crypto News You Might Have Missed During the National Day Holiday

BlockBeatsBlockBeats2024/10/08 05:51
By:BlockBeats

MOODENG is far ahead, Musk is all in Trump

The long holiday is over, and on the first day of work, I was overwhelmed by the rise of the A-share market next door, but there were still many major events that needed attention in the 7*24 encryption field during this week. BlockBeats sorted out the important news worth paying attention to during the holiday for readers as follows.


HBO will release a documentary film that attempts to decipher the identity of Satoshi Nakamoto


On October 4, documentary producer Cullen Hoback and HBO announced the upcoming documentary film "MoneyElectric: The Mystery of Bitcoin", which attempts to decipher the identity of Satoshi Nakamoto. "MoneyElectric: The Mystery of Bitcoin" will be broadcast on HBO on October 8. The film interviews people who claim to have been in close contact with the founder after the issuance of Bitcoin. It said that Satoshi Nakamoto may not be one person, but a group of people. However, the trailer does not provide enough information to reveal the identity of Satoshi Nakamoto.


Related reading: "The biggest mystery in the currency circle will be revealed this week? Who is "Satoshi Nakamoto"? "


The film is directed by Emmy nominee Cullen Hoback, director of "Q: Into the Storm". Currently, users on Polymarket believe that Len Sassaman will be the "Satoshi Nakamoto" revealed in this documentary. It is reported that Len Sassaman committed suicide in 2011 after struggling with depression. Because he has long published academic works on cryptography, which often show his firm ideological commitment to privacy and decentralization, some people think he is Satoshi Nakamoto.



MOODENG on Ethereum has risen sharply, and meme donations for charity have become a new way of publicity


On October 5, the market value of the Meme coin MOODENG on the Ethereum chain exceeded 11 million US dollars. The surge was caused by Ethereum co-founder Vitalik Buterin selling 11.76 billion MOODENGs through KyberSwap for 21.033 ETH (about 50,900 US dollars). On October 7, Vitalik's address sold 10 billion MOODENGs again for 308.69 ETH (762,000 US dollars) and transferred 260.16 ETH (642,000 US dollars) to the charity Kanro.



Ethereum co-founder Vitalik Buterin posted on social media that "any tokens sent to me will be donated to charity (thanks to Moodeng, the 10 billion tokens received today will be donated to the prevention and treatment of airborne disease technology), but I would rather donate the tokens directly to charity, and maybe set up a DAO to allow the community to directly participate in decision-making and processes."


Bybit launches global mainstream market index trading services


On October 3, Bybit announced that in order to enhance the user's trading experience on MetaTrader 5 (MT5). From October 2, 2024, users will have access to index trading, thereby expanding opportunities in the global market. Users can access 17 major global market index CFDs, including FTSE China A50, Dow Jones, Nasdaq 100, and Nikkei 225.


Through index trading, users can participate in the performance of major markets in the global economy. Indices such as FTSE China A50 and Nikkei 225 represent the situation in the Asian market, while Dow Jones and Nasdaq 100 reflect the economic dynamics of the US market. For investors who pay attention to global economic trends, this is an efficient way to gain global market exposure.


Bybit's addition of index trading means that it is transforming from a pure cryptocurrency exchange to a more comprehensive investment platform, attracting more types of investors, especially those who are accustomed to the stock and foreign exchange markets, which will help enhance Bybit's market competitiveness. For traders, they can not only operate in the cryptocurrency field, but also get involved in the volatility of traditional markets, thereby enhancing risk management capabilities and creating more profit opportunities.


It is reported that MetaTrader 5 is a popular online trading platform designed for foreign exchange, stock and delivery contract trading. It provides advanced functions, technical analysis tools and automatic trading functions, which is suitable for senior traders. BlockBeats Note: The full name of CFD is Contract for Difference. Through this form of trading, investors do not actually own the underlying assets, but take positions on the rise and fall of their prices.


"Big Mouth Cat" POPCAT's market value hits a new high


On October 7, Solana's on-chain Meme coin POPCAT broke through $1.46, with a market value of $1.42 billion, a record high. As of writing, POPCAT's market value is $1.21 billion, ranking seventh in the meme coin sector.



On October 5, Andrew Kang, co-founder and partner of crypto venture capital firm Mechanism Capital, posted on social media, "It looks like @MustStopMurad's speech at Token2049 has catalyzed the next wave of capital reallocation into Meme coins. Popcat appears to be one of the beneficiaries of these capital flows and is now undergoing price discovery. The four major Meme coins that are preparing to join this cycle are BONK, WIF, PEPE and FLOKI."


Musk all in Trump


On October 5, the campaign team of former US President and Republican presidential candidate Trump said that Trump will return to Butler, Pennsylvania, on October 5 local time to hold another campaign rally. Since Trump suffered the first "attempted assassination" at a campaign rally in Butler on July 13, he has stated several times that he will return to Butler for another rally.


On October 6, Trump and Musk returned to Butler, Pennsylvania, and held a campaign rally. The two spoke together, and multiple series of MEME tokens rose. Musk also posted "Make America Based Again" on the social platform.



Musk updated the profile of his Twitter account to "Read @America to understand why I'm supporting Trump for President" and updated the profile link to the "American Political Action Committee" website. Among them, @America is a newly created account, which is the propaganda channel of the American Political Action Committee, aiming to support key values and leaders who fight for safe borders, reasonable spending, urban safety, and a fair judicial system.


Other important news


EIGEN hit $4.94 on Binance and then fell back, now quoted at $4.13

On October 1, according to market data, EigenLayer (EIGEN) hit a high of $4.94 on Binance and then fell back, now quoted at $4.13, with a trading volume of $21 million on Binance and a chain trading volume of $12.4 million.


Coinbase includes io.net (IO) and Degen (DEGEN) in its listing roadmap

On October 2, according to the official announcement, Coinbase included io.net (IO) and Degen (DEGEN) in its listing roadmap.


Upbit will list Wormhole (W) won, BTC, USDT trading pairs

On October 2, according to the official announcement, Upbit will list Wormhole (W) won, BTC, USDT markets, and is expected to be launched at 19:00 on October 2 (Korean time).


Grayscale Launches Aave Trust

On October 3, Rayhaneh Sharif-Askary, head of product and research at Grayscale, said in a statement: Grayscale has launched a new fund that provides investment in Aave's AAVE token.


Sources: FTX is seeking to sell 22.3 million locked WLD at a significant discount

On October 3, The Block quoted sources as saying that FTX is seeking to sell 22.3 million locked WLD at a discount, currently worth approximately US$37.7 million. The sale is part of the agency's ongoing efforts to recover funds for creditors.


Visa launches tokenized asset platform VTAP

On October 4, according to official news, Visa launched the Visa Tokenized Asset Platform (VTAP), which will help banks issue fiat-backed tokens. BBVA will use VTAP to create tokens on the public Ethereum blockchain, and a live pilot is expected in 2025. The VTAP solution is available on the Visa developer platform for participating financial institution partners to create and experiment with their own fiat-backed tokens in the VTAP sandbox.


Bitwise to launch Bitcoin and Treasury rotation strategy ETF (BITC)

On October 5, Bitwise is converting its three futures-based ETFs into a single ETF, and the conversion is expected to take place on December 3. Bitwise announced on Friday the launch of the Bitwise Trendwise Bitcoin and Treasury Rotation Strategy ETF (BITC), which combines the Bitwise Bitcoin Strategy Optm Roll ETF (BITC), the Bitwise Ethereum Strategy ETF (AETH) and the Bitwise Bitcoin and Eth Eq Wgh Str ETF (BTOP).


IntoTheBlock: Ethereum mainnet fees hit a record low after Dencun upgrade, ETH turns to inflation

On October 6, according to IntoTheBlock data, Ethereum mainnet fees hit a record low as L2 transactions surged after the Dencun upgrade. EIP-4844 cut L2 costs by 10 times, driving a record number of transactions. However, due to the reduction in the number of Ethereum destruction, ETH has turned from deflation to inflation.


BGB rebounded to $1.2, and once plunged "halved"

On October 7, according to Bitget market data, BGB rebounded to $1.2, and is now quoted at $1.1, with a 24-hour increase of 4.43%. Previously, BGB once plunged downward to $0.5344, and fell by more than 50% in a short period of time.


Ethereum community launches new proposal EIP-7781, which aims to increase throughput by 50%

On October 7, developers claimed that a new Ethereum Improvement Proposal (EIP) would reduce Ethereum’s block time by 33% and increase data capacity — thereby increasing overall throughput by 50%. Introduced on October 5 by Illyriad Games co-founder Ben Adams, EIP-7781 aims to reduce block times on the Ethereum network from the current 12 seconds to 8 seconds, increase rollup-based latency, and increase the capacity of blobs (a temporary data structure used to reduce fees on the Layer 2 network).

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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