According to Lookonchain monitoring, a whale who lost $4.44 million on WIF withdrew 12,716 SOL ($1.94 million) from Binance 6 hours ago and bought 1.38 million POPCAT at $1.41. The whale traded WIF twice from April 8 to June 24, losing $4.44 million. He bought 2.06 million WIF on June 24 and 25 and has held it to date, reducing his losses to $2.5 million. He currently holds 2.05 million POPCAT ($2.82 million), with an average purchase price of $1.13 and unrealized profits of $518,000.

According to PANews, research from investment bank Jefferies indicates that Bitcoin mining profitability decreased in September, despite relatively stable Bitcoin prices. The network's hash rate increased by approximately 1.7%, leading to a 2.6% drop in average daily revenue per Exahash. The report suggests that October could be even more challenging for miners. Although Bitcoin prices rose by about 5%, the network's hash rate grew by 11%, further compressing earnings. The report also highlights that North American publicly listed mining companies increased their share of total mining from 19.9% in August to 22.2% in September. Marathon Digital mined the most Bitcoin, producing 705 BTC, followed by CleanSpark (CLSK), which mined 493 BTC.

The global cryptocurrency market cap now stands at $2.19T, up by 0.25% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $62,050 and $64,860 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $64,602, up by 2.85%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include SAGA, BOME, and ENA, up by 23%, 17%, and 15%, respectively. Top stories of the day: India's Central Bank Governor Highlights Potential of Digital Currency for Cross-Border Payments Bitcoin Outperforms Other Assets Despite Volatility U.S. Inflation Data Influences Markets, Bitcoin Rebounds South Korea to Establish Virtual Assets Committee This Month Ripple CEO Criticizes SEC Over XRP Legal Actions NFT Trading Volume Declines While Ethereum and Bitcoin NFTs See Growth China's Finance Ministry Announces New Policy Measures Brazil Central Bank Expands Drex CBDC Pilot Program Microstrategy Stock Surges 1,620% Since Adopting Bitcoin Strategy Bitcoin Search Volumes Hit 1-Year Low As Memecoins Surge Federal Reserve Likely to Cut Rates by 25 Basis Points in November Rune's Market Value Surpasses $1.3 Billion, with Three Projects Holding Over 60% Share U.S. Bitcoin Spot ETF Adds 4,635 BTC, Surpassing Weekly Mining Output DWF Labs: Meme Coin Market Now Mature and Stable USDT Balance on Crypto Exchanges Hits Record High, Signaling Potential Market Rally Market movers: ETH: $2525.6 (+2.42%) BNB: $579.2 (+0.78%) SOL: $152.39 (+3.74%) XRP: $0.5392 (+0.80%) DOGE: $0.11239 (+0.39%) TRX: $0.1603 (-1.41%) TON: $5.275 (-0.11%) ADA: $0.3542 (-0.84%) AVAX: $29.2 (+0.72%) SHIB: $0.000018 (+1.12%) Top gainers on Binance: SAGA/USDT (+23%) BOME/USDT (+17%) ENA/USDT (+15%)

Open innovation in low-barrier-to-participation and permissionless financial rails will unlock many unimaginable games.

CoinGecko released the 2024 Q3 crypto industry report, pointing out that although the total market value of cryptocurrencies remained at US$2.33 trillion in the quarter, the volatility came from geopolitical events such as changes in the Federal Reserve's interest rates and Japan's unexpected interest rate hikes. The key points of the report are as follows: 1. The total market value of cryptocurrencies fell by 1% in Q3 and ended the quarter at $2.33 trillion -The total market value of cryptocurrencies reached a high of $2.61 trillion on July 22, but fell sharply on August 6 due to the weak global economy; -The average trading volume was $88 billion, down 3.6% from Q2; 2. Bitcoin's market share rose to 53.6%, up 2.7% month-on-month; Ethereum's market share among the top 7 cryptocurrencies fell the most, reaching 3.6%, and its market share was 13.4% at the end of Q3; 3. Major asset classes, led by gold, outperformed Bitcoin -Gold prices rose 13.8% in Q3, exceeding Bitcoin's increase; -The yen rose 12.0% after the Bank of Japan (BOJ) announced an interest rate hike in August and the Federal Reserve subsequently cut interest rates; 4. Led by Polymarket, the forecast market trading volume increased by 565% in Q3 -The trading volume of the top three forecast markets increased from Q2 466.3 million to $3.1 billion; -Polymarket accounted for 99% of the market share in September, and its trading volume and number of transactions increased by 713.2% and 845.5% respectively during the same period; 5. Led by Base, Ethereum L2 transaction volume increased by 17.2% in Q3 -The daily transaction volume of the top 10 Ethereum L2s in September was close to 10 million; -Base is the most active L2, accounting for 42.5% of all transactions in Q3; 6. Q3 CEX spot trading volume fell to $3.05 trillion, a month-on-month decrease of 14.8% -Binance is still the largest CEX, and its market share has fallen below 40% for the first time since January 2022, currently at 38%; -Crypto.com became the second largest spot CEX in Q3, while Q2 ranked ninth; 7. Ethereum dominates DEX transactions, but is facing competition from Solana and Base Competition - Ethereum DEX trading volume showed a downward trend from July to September 2024, with its cumulative trading volume falling 19.6% month-on-month to $130.5 billion; - Solana and Base DEX trading volumes continued to grow, with market shares of 22% and 13%, respectively.

Single Slot Finality (SSF) and staking democratization, Single secret leader election, faster transaction confirmation, 52% attack recovery, increased quorum threshold, quantum resistance, etc.

Cambridge University’s Museum of Zoology is launching an innovative project that allows visitors to interact with AI-generated voices of extinct and living animals to learn about their lives and the biodiversity crisis. The exhibits will provide personalized conversations in over 20 languages, aiming to foster empathy and raise awareness about environmental conservation.

According to Foresight News, DETH experienced a significant price drop today, falling from $980 to a low of $400. The current price stands at $508. Additionally, a proposal to remove 3,154 DETH-WETH LP has been approved and is awaiting execution. On October 11, a user lost 15,079 fwDETH, valued at over $35 million, after signing a 'permit' in a phishing attack. The phishing group Angel Drainer has claimed responsibility for the attack.

Recent investor decisions have likely been more influenced by the upcoming U.S. elections than monetary policy outlooks, CoinShares noted. source: https://www.theblock.co/post/320856/political-shift-republicans-crypto-inflows?utm_source=rss&utm_medium=rss

October could be a harder month for the miners with the network hashrate currently 11% higher while the bitcoin price is up only about 5%, the report said. source: https://www.coindesk.com/business/2024/10/14/bitcoin-mining-profitability-fell-in-september-jefferies-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Google Search has stopped displaying Bitcoin and cryptocurrency price charts directly, though they remain accessible via Google Finance. source: https://cryptonews.com/news/google-search-bitcoin-price-chart-data/

The Merge is coming, and here is Vitalik Buterin's proposition source: https://u.today/vitalik-buterin-breaks-silence-on-ethereums-future-the-merge

Crypto investment products recorded inflows of $407 million, according to the latest report from CoinShares. As per the report, this influx of capital appears to be driven more by the upcoming US elections than traditional monetary policy factors. Bitcoin leads the pack in crypto inflows Bitcoin emerged as the primary beneficiary of this investment inflow, […] source: https://www.cryptopolitan.com/407m-inflow-crypto-funds-bitcoin-takes-lead/

NTT Communications and SoftBank are using AI technology to protect call center employees in Japan from increasing abusive customer behavior, known as "kasu-hara." These innovations aim to reduce the emotional stress on workers and improve customer interactions by monitoring calls and softening the tone of complaints.

Economists believe Trump's economic policies could lead to increased inflation and larger deficits compared to Harris's plans, with potential short-term gains overshadowed by long-term risks.

Binance founder CZ will be making his first public appearance at Binance Blockchain Week in Dubai after stepping down from the company's operations completely earlier this year.

Ethereum founder Vitalik Buterin sold a large number of meme coins over the weekend and cashed in $2.23 million. He previously stated that all tokens sent to him without permission would be sold and donated to charity, and the market speculated that this would be the case this time as well.

This week, projects in tracks such as Layer2 and GameFi will release a large number of tokens, which may exacerbate market volatility.

European stocks and US futures remained largely unchanged on Monday, as investors evaluated the implications of fresh Chinese stimulus measures while gearing up for key earnings reports from major US banks later in the week. Both Europe’s Stoxx 600 and S&P 500 futures saw minimal movement following volatile trading in China, where skepticism lingered about the effectiveness of Beijing’s latest efforts to boost economic growth. Meanwhile, the euro edged lower as markets anticipated a potential interest rate cut from the European Central Bank (ECB) later in the week.

BASE, Base's four product development directions in the next year Golden Finance, Base will develop stablecoins in various regions.