Selected News:

1. Data: USDT's total market value has surpassed 84 billion US dollars, reaching a new historical high.

2. Celestia has updated the pre-creation files and the mainnet will go live on October 31st.

3. Data: Bithumb and Upbit have accumulated 945,000 LINK tokens, worth approximately $9 million, during the recent LINK price surge.

4. This week's unlocked data: YGG and CTSI will experience a one-time larger amount of unlocking;

5. Magic Eden announced the suspension of BRC-20 trading;

Project Updates

Celestia updates the pre-creation file, and the mainnet will go live on October 31st.

On October 22nd, @EthExploring posted on X platform that according to Github information, the modular blockchain network Celestia has updated its pre-genesis.json file. The genesis time (mainnet launch time) is set to 2023-10-31T14:00:00Z (22:00 on October 31st Beijing time). The file contains addresses eligible for airdrops, and the tokens will be directly distributed to wallets after the mainnet launch without users needing to apply. BlockBeats previously reported that on October 19th, Celestia announced that the airdrop of approximately 60 million TIA tokens had been redistributed to users who had already applied.

DEX Camelot announced that it will distribute 3.09 million ARB tokens in the coming weeks.

On October 22nd, Camelot, a DEX built on Arbitrum, announced that it had received a donation of 3.09 million ARB tokens after becoming the only protocol to receive 200 million votes. This donation will be used to introduce new builders to the ecosystem, support native protocols, and promote the adoption of ARB in the coming weeks. BlockBeats previously reported that on October 13th, the Arbitrum 50 million ARB short-term incentive plan vote ended, with Camelot, Jones, GMX, and 29 other projects winning.

Bitcoin network FT simulation New Bitcoin City TVL breaks $2 million

On October 22nd, according to DefiLlama data, the TVL of New Bitcoin City, a FT simulation project based on the Bitcoin L2 network NOS, has reached $2.17 million.

Aave community initiates new proposal to introduce aTOKEN to grant voting rights to protocol usersOn October 22nd, the governance page displayed that the Aave community initiated a new proposal to introduce aTOKEN to grant voting rights to protocol users. The proposal pointed out that the current problem with Aave DAO is that Aave token holders have all ownership and voting rights, while protocol users have no voting rights. Aave token holders continue to increase their voting rights. Users are the most valuable asset of the protocol, but Aave users have no voting rights, and their assets are at risk in the protocol. Therefore, it is suggested to make the following modifications to the DAO.

· 50% of the voting rights belong to Aave token holders;

· 50% of the voting rights belong to users, namely aTOKEN holders (including debt and collateral).

Magic Eden announced the suspension of BRC-20 trading

On October 22nd, Magic Eden announced on social media that BRC-20 trading will be temporarily suspended in order to best protect users until full consensus is reached on all BRC-20 matters. During this time, all other trading activities on Magic Eden will continue as normal.

Data

This week's unlocked data overview: YGG, CTSI will face a one-time large amount of unlocking

On October 23rd, Token Unlocks data shows that four projects will have one-time token unlocks this week, releasing a total value of over $8 million. Among them, YGG and CTSI will have large one-time unlocks: at 12:00 on October 23rd, Cartesi will unlock 21.43 million CTSI tokens, worth about $2.8 million, accounting for 2.91% of the circulating supply; at 8:00 on October 27th, Galxe will unlock 586,000 GAL tokens, worth about $686,000, accounting for 1.26% of the circulating supply; at 22:00 on October 27th, Yield Guild Games will unlock 12.58 million YGG tokens, worth about $2.95 million, accounting for 6.8% of the circulating supply; at 8:00 on October 28th, SingularityNET will unlock 9.53 million AGIX tokens, worth about $1.74 million, accounting for 0.77% of the circulating supply.

friend.tech protocol revenue exceeds 13,000 ETH

On October 22nd, Dune data showed that the revenue of friend.tech protocol reached 13,402.4 ETH, with a total trading volume of 294,853.8 ETH and a total of 11,482,498 transactions.

AAVE breaks $80, up 12.62% in 24 hours

On October 23rd, according to OKX market data, AAVE broke through $80 and is now priced at $80.02, with a 24-hour increase of 12.62%.

APT breaks $6, up 20.58% in 24 hours

On October 22nd, according to OKX market information, APT broke through $6 and is now priced at $6.196, with a 24-hour increase of 20.58%.

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