Preface:
Bitcoin and Ethereum have risen by 4.99% and 6.69% respectively in the past 24 hours, with current prices at $65,874 and $2,625. The ETH/BTC exchange rate remains at 0.04. The Crypto Fear & Greed Index is at 65, indicating greed.

Market Trending

Yesterday, the market saw a strong surge as Bitcoin broke through $66,000 and is currently consolidating above $65,500, awaiting further accumulation for a potential breakout. Major altcoins followed Bitcoin’s lead, with a 10% rally across the board, pushing the total cryptocurrency market capitalization back above $2.4 trillion. Market sentiment has notably improved. As of now, Bitcoin has gained 4% in October, outperforming both global stock indices and gold so far this month.
Public Chain Sector: Leading the public chain rally is SUI, whose TVL (Total Value Locked) hit an all-time high of $1.2 billion, with its price breaking $2.2, also a record high, and its market cap breaking into the top 20. SUI’s price performance has outpaced TON, making it the best-performing public chain token of 2024. Another major public chain, Solana, saw its weekly active addresses reach 30.54 million, a record high, with Meme trading activity boosting SOL’s price recovery.
Meme Sector: After a long period of stagnation, BOME saw a sharp rise with a 24-hour increase of 43.64%. TURBO, MEW, and BILLY also posted gains of over 25%.
AI Sector: The AI sector is experiencing a resurgence, with major tokens like WLD and IO gaining around 10% across the board.

Spot Bitcoin ETF Flows

Yesterday, the U.S. Bitcoin spot ETFs saw a net inflow of $551 million, the largest single-day inflow in the past three months. Specifically: FBTC had a net inflow of $239 million, BITB saw $100.2 million, ARKB had $69.8 million, and Grayscale’s GBTC had a net inflow of $37.8 million, marking its largest inflow day since May 3.
On the other hand, U.S. Ethereum spot ETFs saw a net inflow of $17.11 million yesterday: ETHA had a net inflow of $14.35 million, FETH saw $1.31 million, and QETH had $1.05 million.

Check Out the Latest Prices, Charts, and Data of BTC/USDT Spot and BTCUSDT Perp!

Daily Spotlight

Today’s hot project is BOME, with a 24-hour increase of 43.64%.
BOME, short for Book of Meme, is an innovative cryptocurrency project created by renowned Meme artist Darkfarm (the creator of Pepe). Launched in March 2024, the project aims to build a comprehensive Meme ecosystem that integrates Meme storage, creation, trading, and social interaction. BOME is the native token of the Book of Meme platform, with a total supply of 69,000,000,420. Despite reaching a high at its debut, BOME has experienced a prolonged decline, but this recovery has set the stage for a potential second surge. Its 24-hour rise of 43.64% signals renewed market interest.
Check Out the Latest Prices, Charts, and Data of BOME/USDT Spot and BOMEUSDT Perp!

The Word on the Street

The Trump family’s WLFi project seeks to raise $300 million through its “initial sale,” with over 100,000 people already registered for the whitelist.
The Trump family’s WLFi project aims to raise $300 million through an initial sale of ERC20 tokens and has already attracted over 100,000 whitelist registrations. WLFi plans to launch a DeFi lending platform and exchange integration in phases, and will tokenize real-world assets while seeking regulatory approval.
According to the vision statement released by World Liberty Financial (WLFi), the Trump family’s crypto project aims to build a global decentralized financial one-stop service platform, driving mass adoption of permissionless peer-to-peer digital asset systems. WLFi will also launch its governance platform, allowing WLFi token holders to participate in protocol decision-making through governance mechanisms. The WLFi protocol aims to provide a user-friendly DeFi solution for global users by leveraging advanced blockchain technology and broad partnerships. The WLFi governance platform will operate on both Ethereum and Scroll, creating distinct “instances” designed to simplify the user experience and support an efficient DeFi ecosystem.

Project Upgrade

PUFFER claim window is now open.
Ethereum re-staking protocol Puffer Finance announced that the snapshot for Crunchy Carrot Quest Season 1 was completed on October 5, with 7.5% of tokens allocated for the Season 1 airdrop rewards. The token claim window is open from October 14, 2024, to January 14, 2025. Crunchy Carrot Quest Season 2 has also started, with 5.5% of tokens allocated for the second season’s airdrop rewards.