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How much key market intelligence did you miss on October 30?

How much key market intelligence did you miss on October 30?

BlockBeatsBlockBeats2024/10/30 11:14
By:BlockBeats

1. Hot topics: CONSENSYS, MNT, POPCAT; 2. Biggest rises and falls: $LUCE, $MASK, $VIRTUAL; 3. On-chain fund movement: $7.8M flows into Arbitrum, $27.1M flows out of Ethereum; 4. Top news: In the past 24 hours, Jito protocol fees exceeded Circle and ranked third, second only to Tether and Ethereum

Featured News


1.In the past 24 hours, Jito protocol fees exceeded Circle and ranked third, second only to Tether and Ethereum

2.DWF Labs officially announced that female partner Lingling Jiang will serve as head of business development strategy

3.Amber Group has deposited 1.51 million FETs to Binance in the past 24 hours, equivalent to US$2.02 million

4.Top traders Eugene: Currently liquidated, expect sharp market fluctuations in the next two weeks

5.The total network TIA contract holdings are close to a record high, up 9.02% in the past 24 hours


Trending topic

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


CONSENSYS: Today's discussion about ConsenSys is centered around the company's announcement of a 20% layoff, about 160 employees. The layoffs were attributed to macroeconomic challenges and expensive legal disputes with the U.S. Securities and Exchange Commission, with CEO Joseph Lubin calling it an "abuse of power." Despite the layoffs, some see this as a potential market bottom indicator for Ethereum. The news has sparked discussion about the wider implications for the cryptocurrency industry, with some expressing concerns about the regulatory environment and others offering support for affected employees.


MNT: Today’s discussion on Twitter about MNT has focused on the launch of $COOK, the governance token for the mETH protocol on the Mantle network, which has generated significant interest due to its potential for high yields and community ownership. The ecosystem’s growth has been further supported by strategic partnerships and funding rounds, such as PumpBTC’s $10 million seed round, and the introduction of new DeFi opportunities such as the SMILE Launchpool and Pixelton Arena Airdrop. These developments have established Mantle as a promising player in the DeFi space, attracting attention from investors and crypto enthusiasts alike.


POPCAT: POPCAT was the main topic of discussion today, with the cryptocurrency hitting a new all-time high and surpassing BONK to become the second largest Solana meme coin by market cap. Many tweets highlighted its potential for further growth, with some predicting it will be listed on major exchanges such as Binance and Coinbase. The community is optimistic about the future of POPCAT and discusses its potential to reach $5 and beyond.


Threads&Tweets


1. About how Luna launched by Virtual Protocol has become an important AI social experiment, @HighCoinviction


2. About TIA's OTC story, @Taran_ss


Featured articles


1. 《Intraday increase of 1000%+? Perp DEX is on the eve of liquidity explosion

Raymond, BlockBeats

Recently, Hyperliquid's upcoming TGE has made many people pay attention to the Perp DEX track again. In the last cycle, Perp DEX's performance was unsatisfactory and failed to become the "on-chain liquidity star" as expected. However, since the end of last year and the beginning of this year, Perp DEX protocols such as Hyperliquid, Drift, Surf, and Orderly have emerged, and the old leader dYdX has become active again. With the rapid rise of the meme track, the power of on-chain liquidity has further helped the Perp DEX market to open up a new situation.


2.《Farcaster will rely on AI Agent to make a comeback? Three ecological trends worth paying attention to

William M. Peaster

This article explores the development of AI agents on the Farcaster platform and their potential impact. AI agents such as Aether begin to act as stakeholders in the community, driving funding allocation and cooperation, forming an economic feedback loop. At the same time, agents can build influence networks based on social and financial history and become powerful community managers. As the amount of funds under management increases, agents will face new challenges in trust and accountability, and new evaluation frameworks may be needed to enhance their credibility.


On-chain data

On-chain fund flows on October 30


Biggest gainers & losers

Token volatility on October 30, sorted by 24h trading volume


Biggest gainers


1.LUCE (Solana)


2.$MASK (Ethereum)


3.$TROY


Biggest losers


1.$VIRTUAL (Base)


2.$MAGA (Ethereum)


3.$GRASS (Ethereum)

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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