Key Market Insights for October 29th, how much did you miss?

Top News

1. Zhihu x Eudemonia Co-hosted Roundtable on "Penetrating Stablecoins" is now online today, with a total views of 25 million

2. MegaETH's public sale has raised over $700 million, with an oversubscription of 14.2 times

3. A total of $376 million has been liquidated across the network in the past 12 hours, with long positions being the main liquidations

4. FLM surged over 30% briefly and then retraced, with a market cap currently at $11 million

5. Users with at least 240 points in Binance Alpha can claim 2,688 BOS airdropped tokens

Featured Articles

1. "Chillhouse Leading Alone: The Past and Present of "Web3 Fun People""

The long-lost Solana meme hasn't been as lively for a long time, and it's happening in a way we can hardly imagine—a Solana meme coin "abstraction" involving Jesse Pollak, Base Protocol's lead, well-known crypto KOL Cobie, Solana's founder Toly, and pump.fun's founder alon. Especially with the addition of the Base camp, there is a sense of "breaking the taboo barrier." In the current environment where each chain is enthusiastically competing with each other, it is beyond players' expectations.

2. "The Best Market Performance in the Last Two Months of the Year? Is it Time to Surge or Retreat?"

As October draws to a close, the cryptocurrency market seems to be showing some signs of an uptrend. Over the past two months, "caution" has almost become the theme of the cryptocurrency market, especially after experiencing the 10/11 crash. The impact of this major drop is gradually fading, and market sentiment seems not to have further deteriorated but instead gained new hope. Starting from the latter part of the month, some signals of an uptrend have gradually emerged: positive net inflow data, approval of a batch of altcoin ETFs, and increasing rate cut expectations.

On-chain Data

Chain data for the week of October 28th