Rhythm Evening News｜The total market value of encryption exceeded US$1.3 trillion, rising by more than 10% in 24 hours; LambdaClass and zkSync reached a new strategic cooperation agreement
Selected News:
1. The total market capitalization of the encryption industry has exceeded 1.3 trillion US dollars, with a 24-hour increase of over 10%.
2. Upbit is currently quoting MINA at $1.32, which is more than twice the premium of mainstream CEX.
3. LambdaClass has reached a new strategic cooperation agreement with zkSync, and some engineers have joined the zkSync team.
4. Lens will migrate to the V2 mainnet on October 30th, and the V1 API will be discontinued on January 30th, 2024.
5. Nym Innovation Fund has received investment commitments of over $300 million, with investors including Polychain and KR1.
Price Observation
Proshares Bitcoin Strategy ETF rose 8.3% in pre-market trading.
According to market data, Proshares Bitcoin Strategy ETF rose 8.3% in pre-market trading and is now trading at $17.36 USD.OKX platform MINA spot price premium over Binance reaches 28%
Market data shows that since Upbit announced the listing of MINA, the price of MINA tokens on mainstream CEX platforms has risen sharply. The price of MINA tokens on OKX platform is now quoted at $0.7948, while the price of MINA tokens on Binance platform is now quoted at $0.6182. The spot price of MINA tokens on OKX platform has a premium of 28% compared to Binance.
Upbit is now quoting MINA at $1.32, more than twice the premium of mainstream CEX.
According to market data, MINA on Upbit is currently priced at $1.32, which is more than double the mainstream CEX price range of $0.57 to $0.61. Earlier today, it was reported that the South Korean cryptocurrency exchange Upbit will list MINA and support KRW trading pairs. MINA can only be deposited on the Mina network and does not support deposits through other networks such as BSC.
ASTR breaks through $0.05, with a 24-hour increase of over 20%According to OKX market information, ASTR has broken through $0.05 and is currently priced at $0.0508, with a 24-hour increase of 20.95%. Earlier, it was reported that Astar zkEVM testnet zKatana had gone live.
Transaction Tracking
Cathie Wood's Ark Invest sells $3.3 million worth of Coinbase stock and $2.5 million worth of GBTC
Cathie Wood's Ark Invest sold Coinbase Global Inc stocks and bought Robinhood stocks on Monday. It is reported that Ark Invest sold a total of 42,613 shares of Coinbase stocks through the ARK Next Generation Internet ETF and Ark Fintech Innovation ETF, with a trading value of approximately $3.3 million.
Ark Invest purchased 259,628 shares of Robinhood Markets Inc through ARKW. In addition, Ark Invest sold 100,739 shares of Grayscale Bitcoin Trust, with a trading value of approximately $2.5 million.
HashKey related address deposited 680,000 LINK to Binance 10 hours ago, worth about $7 million
According to The Data Nerd's monitoring, 10 hours ago, an address starting with 0x5ba related to HashKey deposited 680,000 LINK (approximately $7 million) into Binance. The average purchase price of LINK one year ago was about $6.91 per coin, earning a total of $2.29 million (48%) in realized profits, and still holding 304,000 LINK (approximately $3.31 million).
A newly created wallet withdrew over $15 million worth of ETH from Coinbase one hour ago.
According to The Data Nerd, a newly created wallet extracted 8308 ETH worth over $15 million from Coinbase one hour ago. In addition, in the past 24 hours, three newly created wallets have accumulated a total of 47,760 ETH worth approximately $82.97 million.
Project Updates
The startup risk studio LambdaClass announced a new strategic partnership agreement with zkSync, aiming to contribute to the entire ecosystem, with a focus on vertical fields such as enhancing the ZK Stack and introducing applications to zkSync. In the past few days, some of LambdaClass's top engineers have joined the zkSync team.
Bitget has launched a market maker incentive plan for spot trading, which provides partners with Maker fee rebates, increased sub-account limits, improved API rate limits, one-on-one technical support, subsidies, and monthly rewards.
The incentive plan is divided into three levels. For the first level, a monthly trading volume of 10 million US dollars can enjoy a 0.015% Maker fee rebate. For the second level, a monthly trading volume of 5 million US dollars can enjoy a 0.010% Maker fee rebate. For the third level, a monthly trading volume of 2 million US dollars can enjoy a 0.005% Maker fee rebate.
Viewpoint Data
Bitcoin's market share has risen to a new high since April 2021, currently at 51.4%.
According to CoinGecko data, Bitcoin's market dominance has risen to a new high since April 2021, currently at 51.4%; Ethereum's market dominance is currently at 16.5%.Bitcoin Volatility Index rose to 54.19 yesterday, with a daily increase of 6.09%.
The BitVol (Bitcoin Volatility) index launched by financial index company T3 Index in collaboration with Bitcoin options trading platform LedgerX rose to 54.19 yesterday, up 6.09% for the day. BlockBeats note: The BitVol index measures the 30-day expected implied volatility derived from tradable Bitcoin options prices. Implied volatility refers to the volatility implied by the actual option price. It is calculated using the B-S option pricing formula, which takes the actual option price and other parameters except for the volatility σ into the formula to derive the volatility.
The actual price of options is formed by numerous option traders competing, therefore, implied volatility represents the market participants' views and expectations of the future market, and is therefore considered the closest to the actual volatility at that time.
K33 Research senior analyst Vetle Lunde stated that yesterday CME Bitcoin futures net position increased by 4380 BTC, and the total position of Bitcoin futures on the platform has reached a historical high of 100,375 BTC. In addition, CME's market share in the Bitcoin derivatives field has risen to 25%, approaching Binance's 29% market share.
The cryptocurrency options trading platform Deribit posted on social media that its open interest contracts are soaring, with BTC options worth up to $12.4 billion, of which $2.8 billion will expire this Friday. ETH options are worth $6.5 billion, with $1.5 billion expiring this Friday.
From 23:00 on October 23 to 0:00 on the 24th, the total amount of buy and sell orders for the Binance BTC/USDT trading pair exceeded $114 million, a 5.5 times increase compared to $17.7 million two hours ago. Two hours later, the total amount of buy and sell orders for Bitcoin on Binance exceeded $100 million again.
Currently, the two Bitcoin trading pairs with the highest market share come from Binance, namely BTC/USDT and BTC/FDUSD. Other mainstream trading platforms did not show a significant increase in liquidity during the rise in Bitcoin prices.
Data: Uniswap front-end transaction fee revenue has exceeded $300,000
According to Dune data, since the implementation of the new fee policy on October 17th, Uniswap's frontend transaction fee revenue has reached $303,416.DeFiance Capital founder: ETH/BTC exchange rate may truly bottom out after Bitcoin halving
DeFiance Capital founder and CEO Arthur Cheong stated on his social media platform that if a Bitcoin spot ETF is successful, BlackRock's application for an ETH spot ETF will attract institutional investors due to Ethereum's ESG friendliness and native staking yield.
However, this does not mean that the ETH/BTC exchange rate has bottomed out, as all short-term focus will be on BTC, and Bitcoin will halve in April next year. After the halving, the ETH/BTC exchange rate may bottom out.
Financing Express
元宇宙平台 HYTOPIA 完成 300 万美元融资，Delphi Ventures 领投 Translation:
The metaverse platform HYTOPIA has completed a $3 million financing round, led by Delphi Ventures.
The Metaverse platform HYTOPIA (formerly NFT Worlds) announced the completion of a $3 million financing round, led by Delphi Ventures with participation from several VCs and angel investors. It is reported that HYTOPIA integrates social functions and provides developers with a game creation toolkit inspired by Minecraft, with flexible monetization capabilities.
Bitcoin mining company Crusoe Energy announced that it has secured a $200 million asset-backed financing commitment from investment firm Upper90. The funds raised will be specifically used to purchase more GPUs (NVIDIA H100 Tensor Core GPUs) to expand their cloud business. Upper90 is responsible for providing all the funds for this debt financing, and additional GPU capacity is expected to be provided to customers in the first quarter of 2024.
According to reports, Upper90 is a hybrid credit fund company that provides financing solutions for early-stage technology companies.
The blockchain online mortgage loan platform PADS Financial, headquartered in Montreal, Canada, announced the completion of a CAD 3 million (approximately USD 2.19 million) Pre-Seed round of financing. The specific investor information has not been disclosed.
PADS Financial has implemented digital real estate mortgage loan services and utilizes blockchain technology to track application and approval status, as well as loan fund management. It can also use tokenization to help users sell or liquidate their mortgages. It is reported that the new financing will be used to build AI and blockchain products.
Welcome to join the official BlockBeats community:
Telegram Subscription Group: https://t.me/theblockbeats
Telegram Discussion Group: https://t.me/BlockBeats_App
Official Twitter Account: https://twitter.com/BlockBeatsAsia
Related Articles
