Selected News

1. x402 Protocol Token PING Market Cap Surpasses $32 Million, 24-Hour Increase of 802%

2. Base Ecosystem Tokens Begin to Rise, PING, CLANKER, and VIRTUAL Leading in Popularity

3. Jupiter to Launch New ICO Platform, First Project Set to Start in November

4. Binance Alpha to List APRO(AT), First Phase Airdrop Threshold at 220 Points

5. CLANKER Market Cap Surpasses $36 Million, Nearly 50% Increase in 24 Hours

Trending Topics

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

The following is a translation of the original content:

[MET]
MET has quickly become a market focus due to its launch and trading activity. The token is now listed on multiple exchanges including OKX, Bybit, and KuCoin, with a market cap of approximately $670 million. The community is generally optimistic about its innovative liquidity pool technology and active community support. However, some voices are concerned about its founder facing a class-action lawsuit for alleged "pump and dump" activities. Despite the controversy, overall market sentiment remains positive, with many users celebrating the airdrop and looking forward to the project's future development.

[HYPERLIQUID]
The decentralized trading platform Hyperliquid (token $HYPE) has sparked discussions due to its listing on Robinhood—Robinhood beat Coinbase and Binance to the punch, seen as a strategic move. Additionally, Hyperliquid Strategies Inc. has submitted a $1 billion funding application, with the market speculating it may be used to increase $HYPE holdings, further boosting interest. The platform's innovative DeFi integration, along with large holders depositing USDC and leveraging BTC shorts, has also fueled discussions. Overall sentiment is positive, with the market confident in its long-term growth.

[MEGAETH]
MEGAETH has become a topic of discussion due to its upcoming ICO and token generation event (TGE). The market is focused on its innovative mechanisms, such as "Sequencer Rotation" and "Proximity Markets," aimed at achieving low latency and value capture. Its token sale will adopt a British auction format, with an estimated valuation of $5 billion (based on Hyperliquid presale data). However, some have raised concerns about its transparency and fundraising allocation. Nevertheless, many still view it as a potential project and compare it to Ethereum, exploring its potential impact on the crypto ecosystem.

[MONAD]
MONAD's mainnet is set to launch and initiate an airdrop, making it a hot topic today. Discussion points include ecosystem deployment on the mainnet, comparisons with MegaETH, and expectations for new DApp development. The community is also focused on its presale valuation and strategic partnerships, seen as important drivers for future innovation and growth.

[BNB]
BNB has seen a significant increase in trading activity due to CZ receiving a pardon from Trump. The market generally views this as a major positive for BNB and the broader crypto market. Additionally, BNB has been listed on Coinbase and Robinhood, with capital inflows from these two platforms further boosting sentiment. The BNB community is also excited about the ongoing hackathon and the launch of new trading features, believing these initiatives will help expand BNB's global influence and application scenarios.

Selected Articles

1. 《Rhythm Interview with Stable CEO: The Race for Stablecoin Chains Accelerates, What Makes Stable Stronger than Plasma?》

Stablecoins are completing a narrative leap from being a trading medium in the crypto market to a core component of global payment infrastructure. Recently, BlockBeats engaged in an in-depth conversation with Stable CEO Brian Mehler, discussing its technical architecture choices, ecosystem collaboration strategies, the synergy with Tether, responses to global regulatory trends, and the practical application logic of stablecoins in enterprises, attempting to restore the true picture of this "underrated" stablecoin chain.

2. 《What is x402 Protocol, the 30 Times Big Dog Like Inscription?》

Yesterday, a special big dog was born on Base, which is $PING. Based on the cost of the new issuance and the current token price, a successful mint yields about 18 times the return. The uniqueness of $PING lies in its minting process, reminiscent of inscriptions from two years ago. The cost to mint one $PING is about $1, and if successful, one can obtain 5,000 $PING. The minting page for $PING, like the inscriptions back then, lacks a fancy front-end design, appearing quite hardcore.

On-Chain Data

On October 24, the on-chain capital flow situation

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