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Solana's weekly DEX trading volume surpasses other chains, reaching $15.736 billion in the past 7 days
TechFlow news on October 29, according to Solana Floor monitoring, Solana has surpassed all other blockchains in weekly DEX transaction volume for three consecutive weeks. The transaction volume in the past 7 days was $15.736 billion. Ethereum ranked second with a transaction volume of $8.833 billion over the same period.
TechFlow news on October 29, according to Solana Floor monitoring, Solana has surpassed all other blockchains in weekly DEX transaction volume for three consecutive weeks. The transaction volume in the past 7 days was $15.736 billion. Ethereum ranked second with a transaction volume of $8.833 billion over the same period.
Nomura warns: The market has over-hedged Trump's trades, a "Harris surprise" may occur
Nomura's Managing Director and Cross-Asset Macro Strategist for the Americas, Charlie McElligott, warned in his latest report that in recent weeks, markets have over-hedged on the assumption of Trump and the Republican Party winning both houses of Congress. There could be a risk of reversal across all types of assets if Harris' support rate is higher than expected and the election ends up in a stalemate. This is because in the next few days and following two weeks, there will be massive issuances by the U.S. Treasury Department ahead of fiscal year 2025 for federal government including issuing $70 billion five-year U.S. bonds, $69 billion two-year bonds, $44 billion seven-year bonds; releasing JOLTS job vacancy numbers; announcing new refinancing from Treasury Department; personal consumption expenditure (PCE), non-farm payroll data (NFP); US Presidential Election Day; and November FOMC meeting.(zerohedge)
Nomura's Managing Director and Cross-Asset Macro Strategist for the Americas, Charlie McElligott, warned in his latest report that in recent weeks, markets have over-hedged on the assumption of Trump and the Republican Party winning both houses of Congress. There could be a risk of reversal across all types of assets if Harris' support rate is higher than expected and the election ends up in a stalemate. This is because in the next few days and following two weeks, there will be massive issuances by the U.S. Treasury Department ahead of fiscal year 2025 for federal government including issuing $70 billion five-year U.S. bonds, $69 billion two-year bonds, $44 billion seven-year bonds; releasing JOLTS job vacancy numbers; announcing new refinancing from Treasury Department; personal consumption expenditure (PCE), non-farm payroll data (NFP); US Presidential Election Day; and November FOMC meeting.(zerohedge)
The premium rate of MSTR's Bitcoin assets has reached 175.08%, and shareholders expect Bitcoin to have a nearly 1.75 times increase
According to Mstr-Tracker data, MicroStrategy currently has a market value of $51.74 billion, which is significantly higher than the net asset value of its underlying Bitcoin assets. The current stock market value ratio to its Bitcoin net asset value (NAV) is 3.007. MicroStrategy currently holds 252,220 BTCs with a holding value of approximately $17.9 billion and a total cost of about $9.9 billion.
With the recent significant rise in MicroStrategy's stock price, its net asset ratio also soared from 1.21 at the beginning of September to the current 3.007. At this stage, the market premium rate for MSTR's Bitcoin assets remains as high as 175.08%, indicating that investors who are currently buying MSTR stocks still expect nearly a 1.75 times increase in Bitcoin.
According to Mstr-Tracker data, MicroStrategy currently has a market value of $51.74 billion, which is significantly higher than the net asset value of its underlying Bitcoin assets. The current stock market value ratio to its Bitcoin net asset value (NAV) is 3.007. MicroStrategy currently holds 252,220 BTCs with a holding value of approximately $17.9 billion and a total cost of about $9.9 billion.
With the recent significant rise in MicroStrategy's stock price, its net asset ratio also soared from 1.21 at the beginning of September to the current 3.007. At this stage, the market premium rate for MSTR's Bitcoin assets remains as high as 175.08%, indicating that investors who are currently buying MSTR stocks still expect nearly a 1.75 times increase in Bitcoin.
43,000 ETH has been transferred from an unknown wallet to CEX, approximately equivalent to 113 million USD
According to Whale Alert, 33 minutes ago, 43,000 ETH were transferred from an unknown wallet into CEX, approximately equivalent to $113 million.
According to Whale Alert, 33 minutes ago, 43,000 ETH were transferred from an unknown wallet into CEX, approximately equivalent to $113 million.
Bitcoin hits a new high against the Mexican Peso
According to an article on the X platform by Bitcoin Magazine, Bitcoin has reached a historic high in Mexico, with the exchange rate of 1 BTC to 1,422,373 MXN.
According to an article on the X platform by Bitcoin Magazine, Bitcoin has reached a historic high in Mexico, with the exchange rate of 1 BTC to 1,422,373 MXN.
The total market value of Memecoins on Solana has exceeded 12 billion US dollars, setting a historical record high
According to Solana Floor monitoring, the total market value of Memecoins on Solana has exceeded 12 billion US dollars, setting a new historical high. Among them, WIF ranks first in the market value of Solana Memecoin with a market capitalization of 2.65 billion US dollars. The following are: POPCAT (1.7 billion US dollars), BONK (1.51 billion US dollars), MEW (890 million US dollars), GOAT (630 million US dollars), and BOME (613 million US dollars).
According to Solana Floor monitoring, the total market value of Memecoins on Solana has exceeded 12 billion US dollars, setting a new historical high. Among them, WIF ranks first in the market value of Solana Memecoin with a market capitalization of 2.65 billion US dollars. The following are: POPCAT (1.7 billion US dollars), BONK (1.51 billion US dollars), MEW (890 million US dollars), GOAT (630 million US dollars), and BOME (613 million US dollars).
Bitget Q3 Transparency Report: Registered user count has increased by 400% compared to last year, market share rose to 11%, ranking fourth globally
Bitget has released its third quarter transparency report. The report shows that the number of registered users on Bitget has exceeded 45 million, a 400% increase from last year. According to CCData's report data, Bitget's market share has risen to 11%, making it the fourth largest cryptocurrency exchange in terms of global trading volume.
In the third quarter, Bitget launched 12 popular tokens including CATI, MOCA, HMSTR, DOGS and ZKL in pre-market trading, attracting 53,800 early traders with a total trading volume reaching $23 million.
At the same time, there are over 94,805 participants in Bitget's PoolX product. The staking volume increased by 100% compared to the second quarter with a total staked amount reaching $2.3 billion. Popular staking pools include BGB、BTC、ETH and USDT.
Additionally during Token2049 event period , Bitget announced that it had become an official partner of Spain’s La Liga (LALIGA). It then jointly announced with Foresight Ventures an investment of $30 million into TON strategy which further promotes development within TON ecosystem.
Bitget has released its third quarter transparency report. The report shows that the number of registered users on Bitget has exceeded 45 million, a 400% increase from last year. According to CCData's report data, Bitget's market share has risen to 11%, making it the fourth largest cryptocurrency exchange in terms of global trading volume.
In the third quarter, Bitget launched 12 popular tokens including CATI, MOCA, HMSTR, DOGS and ZKL in pre-market trading, attracting 53,800 early traders with a total trading volume reaching $23 million.
At the same time, there are over 94,805 participants in Bitget's PoolX product. The staking volume increased by 100% compared to the second quarter with a total staked amount reaching $2.3 billion. Popular staking pools include BGB、BTC、ETH and USDT.
Additionally during Token2049 event period , Bitget announced that it had become an official partner of Spain’s La Liga (LALIGA). It then jointly announced with Foresight Ventures an investment of $30 million into TON strategy which further promotes development within TON ecosystem.
Top 5 Trending: GRASS opens with a surge of 1705%, currently reported at $0.9029
Bitget market data, today's top 5 trending assets are X, CROS, BGB, GRASS, DOGS. Among them:
GRASS opened with a surge of 1705%, currently priced at $0.9029;
X has increased by -6.07% in the last 24 hours, currently priced at $0.00005352;
CROS has increased by -12.1% in the last 24 hours, currently priced at $0.0943;
BGB has increased by 0.44% in the last 24 hours, currently priced at $1.1738;
DOGS has increased by 3.1% in the last 24 hours, currently priced at $3.05.
Bitget market data, today's top 5 trending assets are X, CROS, BGB, GRASS, DOGS. Among them:
GRASS opened with a surge of 1705%, currently priced at $0.9029;
X has increased by -6.07% in the last 24 hours, currently priced at $0.00005352;
CROS has increased by -12.1% in the last 24 hours, currently priced at $0.0943;
BGB has increased by 0.44% in the last 24 hours, currently priced at $1.1738;
DOGS has increased by 3.1% in the last 24 hours, currently priced at $3.05.
QCP Capital: BTC Surpasses $70,000 for the First Time in Over 7 Months Due to Multiple Factors
QCP Capital noted that Bitcoin has surpassed the $70,000 mark for the first time in over seven months. This is due to various factors, including strong inflows into spot ETFs last week, approaching $1 billion. This excitement has extended to stocks related to cryptocurrencies.
Companies like IREN, Hut 8, Bitdeer, and TeraWulf have benefited from the increased demand for artificial intelligence and the recent rebound of Bitcoin.
The Trump administration may adopt expansionary fiscal policies, which could increase deficits and inflation, making BTC particularly likely to benefit in the medium term.
QCP Capital noted that Bitcoin has surpassed the $70,000 mark for the first time in over seven months. This is due to various factors, including strong inflows into spot ETFs last week, approaching $1 billion. This excitement has extended to stocks related to cryptocurrencies.
Companies like IREN, Hut 8, Bitdeer, and TeraWulf have benefited from the increased demand for artificial intelligence and the recent rebound of Bitcoin.
The Trump administration may adopt expansionary fiscal policies, which could increase deficits and inflation, making BTC particularly likely to benefit in the medium term.
Data: Nearly 58% of GRASS airdrop has been claimed
According to Dune data, currently 57.99% of GRASS tokens have been claimed, totaling approximately 45.39 million GRASS tokens. The number of airdrop claim addresses has reached about 710,000.
According to Dune data, currently 57.99% of GRASS tokens have been claimed, totaling approximately 45.39 million GRASS tokens. The number of airdrop claim addresses has reached about 710,000.