How much key market intelligence did you miss on October 22?

Featured News

1.Magic Eden: ME test coin claims will be carried out at the end of this month, and the token economics will be announced later

2.Binance contracts, leverage, financial management, one-click coin purchases, flash exchange and launch of Scroll (SCR)

3.Solana TVL rose to US$6.468 billion, the highest level since January 2022

4.

Trending topic

Source: Overheard on CT (tg: @overheardonct), Kaito

$XRP: Today's discussion on XRP revolves around the announcement by Ripple co-founder Chris Larsen that he will donate $10 million in XRP to Kamala Harris' campaign team. The move sparked widespread reactions on social media, with some arguing that the donation could promote technological innovation and the advancement of cryptocurrency policy, while others questioned whether it was against the interests of XRP holders, especially given that the current government is considered unfriendly to cryptocurrencies. The donation also sparked a heated discussion about the political impact of cryptocurrency donations and the future market performance of XRP.

$ME: Today's discussion about Magic Eden (ME) focused on its recent progress. The platform is now live on ApeChain, where users can mint NFTs for free, and plans to support transactions across 10 chains by the end of this year. Magic Eden's CEO announced that a test token issuance will be conducted this month, and the founding team has committed to lock up for 18 months after the token generation event (TGE). The community is full of expectations for the future development of the platform and believes that its user-friendly operating experience and its importance in the field of Bitcoin and cross-chain transactions will drive its continued growth.

$SCR: Today's discussion on SCROLL is centered around the news of its first airdrop. The airdrop, which will allocate 7% of the total supply of SCR tokens to reward early contributors and active users, has sparked widespread attention and discussion on social media. The snapshot was completed on October 19, 2024, and users can start claiming tokens from October 22, 2024. However, some users have criticized the size and criteria of the airdrop, believing that these criteria are controversial in the community. Discussions on token distribution have also focused on fairness issues between different contributors.

$APT: Today's discussion on Aptos (APT) focuses on the rapid development of its ecosystem. Aptos' TVL has reached a new high, mainly due to the launch of the Echo protocol, which introduced Bitcoin liquidity and staking solutions in the Move ecosystem, attracting $150 million in TVL. In addition, Aptos is also celebrating its second anniversary, which has brought it higher market attention. The community is also looking forward to the platform's strategic partnerships and the upcoming launch of its native stablecoin, which together have driven the market popularity of APT.

Threads & Tweets

1.6 “ghost token” transactions you need to know about,@0xLouisT

2. Many disagreements about bullish and bearish cryptocurrencies come down to time frames,@sassal0x

Featured Articles

1.《2024 Crypto Startup Trends Report》

Qiao Wang, Chloe Goh, Roberto Riccio, and Jacob Franek

Alliance is a leading cryptocurrency accelerator and founder community. Each year, the organization receives more than 3,000 applications from the world's top cryptocurrency startups seeking to join its accelerator program. The program runs twice a year, so Alliance reports the application data in two parts by year. With such a large sample of applications, Alliance is able to summarize unique and representative insights about each project and its founders. In this report, Alliance presents the trends observed from these application data and provides an in-depth analysis of their potential impact on the broader startup ecosystem.

2.《AI opens meme to new heights, Shoggoth, fun, slop are all what | What is meme hype today? 》

BlockBeats

The AI track, which has been silent for half a year, has finally been ignited by a goat. GOAT, which is backed by the story of a16z paying $50,000 for Bitcoin, has directly reached a market value of $500 million in less than a week. Even old meme players are dumbfounded by the increase, and the upper limit of the meme market has also been raised. AI, which previously hovered between decentralized computing power and decentralized data, has superimposed the supercycle of memes. In addition to GOAT, which can issue coins, what stories are the AIs that are hyped in the market recently telling?

3.《Behind the explosion of GOAT, the hype expectations and concerns of AI meme｜100x review》

BlockBeats

With the explosive rise in the market value of GOAT, the AI track that has been silent for half a year has finally been ignited by a goat. AI, which is hovering between decentralized computing power and decentralized data, has suddenly become hot after the super-cycle of memes is expected. For a time, the entire market was filled with various AI concept memes. This new token, which has risen so much that even old meme players are dumbfounded, has "accidentally" combined the two tracks of AI and meme, creating a sexier and more imaginative AI meme track. AI self-issued coins, a narrative that no one has tried in the past, appears so self-consistent and native against the backdrop of tens of millions of market values. The story of GOAT is worth our careful review. In this process, we can learn about the huge information gap in the current crypto market, the current concerns of AI meme, and the future hype direction and logic of the track.

4.《The Great Crypto Divide

@hmalviya9

As geeks retreat into their own silos, the space is dominated by herd mentality. People no longer value new ideas; they chase the hottest trends and only care about quick profits. This obsession with "hot content" has created a fragmented space of competing narratives. Memes have become the most powerful narrative tool because they are simple, inclusive, and do not require deep understanding. The barrier to entry is low - all you have to do is buy, promote, and hope you get rich. This phenomenon is leading to unprecedented degradation in the cryptocurrency field. If we can't find a balance between innovation and memes, this cycle may end with the collapse of the great cryptocurrency bubble. It started with speculation about technology and it might as well end with speculation about random memes, perfectly illustrating that while technology advances, we humans are regressing.

Top Gainers & Losers

Token volatility on October 22, filtered and sorted by volume

Top Gainers

1.$APT

2.$CAT

3.$GOAT

Top Loser

1.$SCR

2.$ARPA

3.$GNON

On-chain data

On-chain fund flow on October 22