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Key market information gap on October 16, must read! |Alpha Morning News

Key market information gap on October 16, must read! |Alpha Morning News

BlockBeatsBlockBeats2024/10/16 03:17
By:BlockBeats

1. New projects: CAP Labs, Nano, The Pledge; 2. DeFi changes: Sushi 24h trading volume increased by 61%; 3. Token unlocking: ADA, PRIME; 4. Bitcoin rebounded above $66,000

Featured News


1.Bitcoin rebounded above $66,000

2.Polymarket's Trump's chance of winning the election rose to 56.9%, exceeding Harris by 14.3 percentage points

3.Azra Games completed $42 million in Series A financing, led by Pantera Capital

4.Sui Ecosystem Project Token DEEP rose by about 24 hours 160%

5.Celestia: DA network Shwap upgrade has been activated on the test network and is expected to enter the mainnet Beta stage in November


New product mining (‼️High Rug risk‼️)


Daily new projects or community attention dynamics, filtered and sorted by the number of followers and growth of X Alpha accounts

Data source: getmoni.io

BlockBeats Note: The following are all early projects with a small number of followers. Rug and contract risks are extremely high. Please participate with caution. This is not an investment advice


1.CAP Labs



CAP It is a stablecoin engine that allows users to get rid of the endogenous model cycle and will generate redeemable stablecoins of various denominations, such as USD, BTC and ETH.


2. Nano



Nano is a project on Blast.


3. The Pledge



The Pledge is a community account for the meme coin $PLEDGE.


Articles & Threads


1.《The Eye of the Storm

Glassnode Insights by UkuriaOC

Since the ATH in March, the market demand side has declined significantly, and as the market has consolidated in this price range, investors' attention has gradually weakened.

2.《Does Crypto Matter?

Shlok Khemani

This article attempts to provide a framework for founders to think about the role of blockchain and the types of problems it is best suited to solve and derive value from.


Selected Data


1. Base Network Data Dashboard

Source: @watermeloncrypto/Coinbase | Base User Growth



2. Banana Gun Data

Source: @whale_hunter/Banana Gun Bot



DeFi Dynamics


Daily DeFi market funds and transaction volume changes, filtered and sorted by DEX aggregator and Perp DEX transaction volume and growth rate


Data source: DeFiLlama


DEX aggregator transaction volume changes


1.Sushi (multi-chain)

24-hour transaction volume increase: +61.80%

24-hour transaction volume: $13.8m

7 Daily cumulative trading volume: $55.52m



2.Rubic (Multi-chain)

24-hour trading volume increase: +45.66%

7-day cumulative trading volume increase: +19.38%

24-hour trading volume: $1.03m

7-day cumulative trading volume: $5.13m



3.ODOS (Multi-chain)

24-hour trading volume increase: +26.57%

7-day cumulative trading volume increase: +512%

24-hour trading volume: $289.11m

7 Daily cumulative trading volume: $1.256b



Market data


Daily observation of the overall market capital heat (reflected by the funding rate) and inflows and outflows (reflected by ETF inflows and outflows)

Data source: Coinglass, Sososvalue, TokenUnlocks


Funding Rate



Token unlocking



0

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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