Preface:
Bitcoin and Ether have dropped by 2.75% and 3.88% in the past 24 hours, with current prices at $67,513 and $2,645 respectively. The ETH/BTC ratio remains at 0.039. The Crypto Fear & Greed Index is at 70, indicating greed.

Market Trending

Yesterday, the market saw a slight correction as Bitcoin fell below $68,000, currently consolidating around $67,500. Bitcoin’s dominance remains at 58%, and altcoins have yet to show significant strength. According to data from Polymarket, Donald Trump’s chances of winning have risen to 64.5%, leading by nearly 30 percentage points over Harris. Investors speculate that the rise in Bitcoin could be driven by expectations that Trump may win the presidential election in two weeks, contributing to Bitcoin’s strong performance.
Public Chain Sector: SOL slightly retreated yesterday after three days of gains, while SUI remained stable around $2. APE, which surged after the public chain launch, is seeing a slowdown in momentum. It’s clear that the tokens performing well in this round of the market are influenced by the Meme frenzy and the characteristics of their respective public chains.
Meme Sector: The Meme hype continues, with AI-related Meme tokens soaring. GOAT’s market cap has surpassed $450 million, and on the APE chain, Meme tokens remain popular.
DeFi Sector: UNI continues to strengthen after the launch of Unichain, while other DeFi tokens have not shown significant movement.

Spot Bitcoin ETF Flows

Yesterday, the U.S. Bitcoin spot ETF saw a net inflow of $297.6 million, marking the seventh consecutive day with net inflows exceeding $200 million. Among them, IBIT had a net inflow of $328 million, FBTC had a net inflow of $5.9 million, while BITB had a net outflow of $22.08 million.
On the other hand, yesterday’s U.S. Ethereum spot ETF saw an outflow of $20.8 million, with ETHA netting an inflow of $4.84 million and ETHE seeing an outflow of $29.59 million.

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

Daily Spotlight

Today’s hot project is APE, with a 24-hour gain of 65.71%.
ApeCoin (APE), launched in March 2022, is the governance token for the Bored Ape Yacht Club (BAYC) ecosystem and is based on the ERC-20 standard. It is valued by NFT collectors, combining Meme coin attributes with support for a broader NFT ecosystem and the metaverse. Celebrity endorsements have made it a potential long-term investment for BAYC enthusiasts. Recently, ApeCoin announced the launch of its official public chain and cross-chain bridge, as well as the introduction of a Meme launch platform. The community is actively participating in on-chain activities, with Meme tokens worth tens of millions of dollars emerging within half a day. APE’s price surged 65.71% in 24 hours, doubling in 48 hours.
Check Out the Latest Prices, Charts, and Data of APE/USDT Spot and APEUSDT Perp!

The Word on the Street

Ripple Co-founder makes another $10 million XRP donation to Harris.
On October 22, Ripple’s co-founder and executive chairman, Chris Larsen, stated on Monday that he had donated another $10 million worth of XRP to support Vice President Harris’s U.S. presidential campaign.
According to a report by The New York Times, Larsen made the donation to the prominent Democratic political action committee Future Forward, as Harris’s campaign team and related organizations marked a record-breaking fundraising quarter. Larsen confirmed the report on Twitter, noting that the donation was made in the form of XRP. He added, “It’s time for the Democrats to adopt a new approach to technology innovation, including cryptocurrencies,” and expressed confidence that Harris would “ensure America’s technology dominance in the world.”

Airdrop Claiming

On October 21, Scroll published an article detailing its first airdrop. 7% of the total SCR supply has been allocated to Scroll’s first airdrop, with major contributor categories including:

1. Community Airdrop: Participants contributing through on-chain activities.
2. Ecosystem Projects: Projects built on Scroll focused on growth and innovation.
3. Industry Contributors: Technical contributors, ZK researchers, open-source developers, organizations supporting the broader Ethereum ecosystem, and education data providers.
4. Global Community: Global community organizers, hackathon winners, Road to DevCon participants, and Ethereum translators supporting Scroll’s mission.
   The snapshot for the first airdrop was taken at 00:00 UTC on October 19, 2024. Eligible recipients can begin claiming from 07:00 UTC on October 22, 2024. The first airdrop will be open for 90 days.