1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: -0.27%
ETH: -2.74%
BERA: + 684.50%
XRP: -2.93%
SOL: -3.69%
TRUMP: -6.66%
SUI: -4.81%
DOGE: -2.93%
PEPE: -7.49%
BNB: +0.86%
24H increase list (data source: OKX):
BERA: + 90.20%
ICE: +12.31%
TRX: +4.58%
PRQ: +4.38%
VENOM: +3.47%
NFT: +3.34%
TRA: +2.53%
MOVE: +2.52%
ONDO: +2.01%
SWEAT: +1.77%
2. Top 5 popular memes on the chain (data source: GMGN ):
GIBA
wef
CHLOE
Montoya
OPS
3. 24H hot search currencies
Bera: The official token of the leading parallel EVM project Berachain was listed on several first-tier exchanges including Coinbase and Upbit last night, but it fell to below $7 after listing and has now recovered slightly.
TST: The BNB team once launched an educational video about meme tokens. The example in this video was the launch of a token called TST. The token then appeared in the community and quickly saw a high increase.
Headlines
Jupiter co-founder meow responded to the official X account being hacked in a post on X, saying: Employee @ 9yointern was returning to Singapore from Mountain Dao due to a family emergency. As far as I know, our X account was accessed by an Android phone in the United States and she is now completely unreachable. If you find her or know what happened, please let us know.
Crypto firm Gemini is considering an IPO this year
Gemini, a cryptocurrency company backed by billionaire Winklevoss brothers, is considering an IPO this year, according to people familiar with the matter. The company and custodians are currently discussing the possibility of a listing with potential advisers, and no final decision has been made, the sources said, as the information has not yet been made public. According to the companys website, Gemini currently has more than 500 employees in New York, Seattle, Singapore, London, Dublin and Gurgaon, India.
Solayer announces LAYER token economics: total supply of 1 billion, 12% for Genesis Drop
Solayer announced the LAYER token economics. To ensure broad decentralization, LAYER will be distributed through community sales of Emerald Card and Genesis airdrops for early adopters. The maximum supply of LAYER is 1,000,000,000, distributed in three main categories, and the initial circulation supply is 220,000,000, with the following distribution:
- Community and ecology account for 51.23%, of which 34.23% is used for continuous RD, developer programs, ecological development and other user activities, 14% is used for community activities/incentives (12% is reserved for Genesis Drop, including rewards for early adopters and other initial claim activities), and 3% is distributed through Emerald Card community sales;
-Core contributors and consultants account for 17.11%;
- Investors account for 16.66%;
- The foundation holds 15% to support vertical product expansion and network development.
The LAYER vesting schedule is as follows:
Genesis Drop: Completely unattributed upon release;
Emerald Card Community Sale: Completely unattributed at time of release;
Community incentives: linear vesting for 6 months;
Community and Ecosystem: Vesting every 3 months for 4 years;
Foundation: vesting every 3 months for 4 years;
Team and Advisors: 1 year cliff, 3 years linear vesting;
Investors: 1 year cliff, 2 years linear vesting.
Eric Balchunas, senior ETF analyst at Bloomberg, posted on social media, “Trump will launch the Bitcoin Plus ETF. It can be said that he will become the first US president to issue an ETF.”
Industry News
Federal judge slams FDICs actions in Coinbase lawsuit, calls them ridiculous
According to the latest hearing records, U.S. federal judge Ana C. Reyes severely criticized the behavior of the Federal Deposit Insurance Corporation (FDIC) in the case where Coinbase sued the Federal Deposit Insurance Corporation (FDIC). Judge Reyes pointed out that the FDIC failed to provide a large number of documents related to the Freedom of Information Act (FOIA) request previously submitted by Coinbase, and may have destroyed some case information. At the hearing, Judge Reyes questioned FDIC lawyer Andrew Dober why he took an extremely narrow and illogical interpretation of the FOIA request, calling his approach almost ridiculous. Attorney Dober tried to ask the court to suspend the case for three weeks on the grounds of leadership changes, but was rejected by the judge and asked to answer questions immediately. The lawsuit stems from Coinbases attempt to obtain documents from the FDIC sending suspension letters to banks to restrict cryptocurrency-related activities. This action is called Operation Choke Point 2.0 by industry participants.
Bloomberg Analyst: US SEC Accepts Grayscale Solana ETFs 19 b-4 Application
Bloomberg analyst James Seyffart wrote on the X platform: The US SEC accepted the 19 b-4 application for Grayscale Solana ETF. This is indeed news worth paying attention to, because the SEC refused to do so in the recent SOL application attempt. The deadline for this application is approximately October 11.
Trump family crypto project WLFI plans to use holdings to build a “strategic reserve”
Chase Herro, co-founder of the Trump familys crypto project WLFI (World Liberty Financial), said the platform plans to use the purchased tokens to establish a strategic reserve, but did not specify what WLFIs goal is in establishing a token reserve.
Donald Trump Jr. attended the startup Ondo Finance’s inaugural summit in New York City with World Liberty co-founders Zak Folkman, Zach Witkoff and Herro. Zach is the son of Steve Witkoff, a close Trump ally who helped connect the president’s family with WLFI’s founders and was later chosen as Trump’s special envoy to the Middle East.
House Financial Services Committee Chairman Patrick McHenry, CFTC Acting Chair Caroline Pham, and “cryptocurrency creator” J. Christopher Giancarlo were some of the speakers at the conference, which discussed the future of tokenization as well as regulatory issues.
“The promises are being delivered,” Giancarlo said of the Trump administration’s plans for the cryptocurrency industry. “It’s one thing to get out of the last four years of bad policy. Getting good policy is the challenge.”
SEC considers revising BlackRocks spot Bitcoin ETF proposal to allow physical redemptions
The U.S. Securities and Exchange Commission is considering a proposal to change BlackRocks spot bitcoin exchange-traded fund to allow for in-kind redemptions. In a filing Thursday acknowledging the proposal, the SEC asked for comments within 21 days of the filings publication in the Federal Register. The agency could then decide to approve, disapprove or initiate proceedings, the filing said. Nasdaq last month issued a revised rule filing on behalf of BlackRock to allow for redemptions and in-kind creations for the iShares Bitcoin Trust, according to a Form 19b-4 filing.
Project News
Trump family crypto project WLFI bought about 342,000 ONDO
According to Arkham monitoring data, about 1 minute ago, the Trump family encryption project WLFI bought about 342,000 ONDOs worth $461,700.
OpenAI co-founder John Schulman will join the new company of OpenAIs former CTO
Earlier this week, OpenAI co-founder John Schulman left the AI company Anthropic after just five months at the company. He will join former OpenAI CTO Mira Muratis secretive new startup.
It’s unclear what role Schulman will play. Murati has remained tight-lipped about the new company since she left OpenAI in September. But a source said Murati has recruited more former OpenAI employees, including Christian Gibson, who worked on OpenAI’s supercomputing team. Murati negotiated more than $100 million in financing for the new company in October.
Schulman, who is credited as one of the main architects of ChatGPT, left OpenAI to join Anthropic last August.
Character Voice
CZ: If only cryptocurrencies are used, then all transactions are on-chain
CZ said on the X platform that if you only use cryptocurrency, all your transactions are on-chain. (It doesnt matter which blockchain, you can use multiple/any blockchains.)
Fed Governor Waller: I don’t think there is any reason for the United States to establish a CBDC
Federal Reserve Governor Waller said, I don’t think there is any reason for the United States to establish a retail central bank digital currency (CBDC).
Ki Young Ju X, founder and CEO of CryptoQuant, said in a post on the platform, “PoliFi may become a killer application in the crypto industry. A strong crypto asset can attract capital and talent through an attractive narrative and form a self-constructed Internet organization. The influence of a narrative depends on the following three points:
1. It can resonate with most people;
2. Extreme and provocative themes;
3. Can spark heated debate.
Politics meets all three criteria; it is widely relevant, highly controversial, and inherently polarizing. Imagine the US Republican and Democratic parties launching official PoliFi tokens, with ETFs tracking tokens backed by politicians. Trump Coin is just the beginning.”
CZ: TST is not the official token of the BNB Chain team and is only used for video tutorial examples
CZ posted on the X platform: Previously, an educational video about a meme token was launched. In this video, a token called TST was launched as an example. The token then appeared in the community, and the team members deleted the video after learning about it. But the Internet will not forget. CZ said that it is recommended to put the video tutorial back, but it does not endorse the token. The team member also deleted the private key of the creator address used in the tutorial, which holds 0.13% of the tokens, and no one in the team (or Binance) holds the token. TST is not an official token of the BNB Chain team or anyone, it is just a test token used for this video tutorial. Thats all.
Galaxy Digital founder: Ethereum market sentiment is “extremely pessimistic”
Mike Novogratz, founder and CEO of Galaxy Digital, believes that Ethereum has failed to keep up with other cryptocurrencies such as Bitcoin and Solana. Novogratz said in an interview: Ethereums market sentiment is extremely pessimistic. I think the biggest reason is Genslers vague definition of ETH. He sued Consensys. Is ETH a security? So Ethereum has been under some regulatory pressure. When discussing Ethereums investment narrative and how it differs from Bitcoin, Novogratz said that Bitcoin has attracted increasing media attention since President Donald Trump spoke at the 2024 Bitcoin Conference last summer. He said: Most of Ethereums current market value is a store of value, but what makes people pay attention to it is the story of web3. The reality of all crypto ecosystems is that stories bring enthusiasm, and enthusiasm creates value.
According to Glassnode analysis, retail-led on-chain activity in the Asia-Pacific region is growing significantly faster than in the United States and the European Union. Since the cycle low in December 2022, the supply of Bitcoin in the Asia-Pacific region has increased by 6.4% year-on-year, while the United States and the European Union have fallen by 5.7% and 0.7% respectively during the same period, indicating that retail investors in the Asia-Pacific region continue to grow in demand for Bitcoin.
