Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
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


Key market information gap on October 16, must read! |Alpha Morning News image 0


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


Key market information gap on October 16, must read! |Alpha Morning News image 1


Nano is a project on Blast.


3. The Pledge


Key market information gap on October 16, must read! |Alpha Morning News image 2


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


Key market information gap on October 16, must read! |Alpha Morning News image 3


2. Banana Gun Data

Source: @whale_hunter/Banana Gun Bot


Key market information gap on October 16, must read! |Alpha Morning News image 4


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


Key market information gap on October 16, must read! |Alpha Morning News image 5


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


Key market information gap on October 16, must read! |Alpha Morning News image 6


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


Key market information gap on October 16, must read! |Alpha Morning News image 7


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


Key market information gap on October 16, must read! |Alpha Morning News image 8


Token unlocking


Key market information gap on October 16, must read! |Alpha Morning News image 9


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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

MagicBlock open sources a16z-backed ‘ephemeral rollup’ tech

MagicBlock went through a16z’s crypto startup accelerator and began advertising its tech earlier this year

Blockworks2024/12/18 09:55

MSTR to enter Nasdaq 100? We’ll know soon.

A Nasdaq spokesperson told me changes to the index would be announced tonight at 8 pm ET

Blockworks2024/12/18 09:33

Bitwise launches solana staking ETP in Europe as US applications linger

Bitwise signaled its plans to list a solana ETF in the US less than a month ago

Blockworks2024/12/18 09:33

Ex-Grayscale CEO shifts focus to tokenization

Michael Sonnenshein thinks bringing RWAs onchain “is one of the most exciting frontiers in the broader blockchain and digital assets space”

Blockworks2024/12/18 09:23