The cryptocurrency bull market cycle is still ongoing, and the market is expected to perform well in 2025.
Author: Deep Tide TechFlow
Market Dynamics Yesterday
Monad announces the second Monad Madness will be held in Bangkok on November 16-17, application link is now open
On October 12, according to official news, Monad announced that the second Monad Madness will be held in Bangkok on November 16-17, with the application link now open and will remain open for two weeks.
Previously, the top three winning projects of Monad Madness NYC received a total of $450,000 in rewards, with over 3,000 people watching the event.
The Monad Madness competition will select 20 teams to compete at each location, with over 60 venture capital firms watching the roadshow, and expressed investment intentions exceeding $60 million. Monad stated that this will be the largest stage available for any team building projects on its platform.
Grayscale releases a list of assets under consideration for future investment products, covering over 30 tokens
According to official news, asset management company Grayscale has released a list of assets under consideration for future investment products, covering over 30 tokens, including:
Kaspa (KAS), Aptos (APT), Arbitrum (ARB), Celestia (TIA), Celo (CELO), Core (CORE), Cosmos (ATOM), Internet Computer (ICP), Mantle (MNT), Metis (METIS), Neon (NEON), Optimism (OP), Polygon (POL ex. MATIC), Sei (SEI), Starknet (STRK), Toncoin (TON), TRON (TRX), Aerodrome (AERO), Ethena (ENA), Injective Protocol (INJ), Jupiter (JUP), Mantra (OM), Ondo Finance (ONDO), Pendle (PENDLE), THORChain (RUNE), Dogecoin (DOGE), Immutable (IMX), Akash (AKT), Arweave (AR), Artificial Superintelligence Alliance (FET), Helium (HNT), Pyth (PYTH), UMA Project (UMA), VeChain (VET), Worldcoin (WLD).
Grayscale stated that this list aims to showcase a diverse range of investable digital assets to support its mission of making the cryptocurrency asset class easier to understand and invest in.
Layer 2 network Odyssey developer Ithaca completes $20 million financing, Paradigm participates
According to The Block, cryptocurrency venture capital firm Paradigm announced a $20 million investment in its spin-off company Ithaca. Ithaca is developing a new Layer 2 blockchain called Odyssey, aimed at accelerating the development of blockchain technology.
Georgios Konstantopoulos, Paradigm's Chief Technology Officer and General Partner, will serve as the CEO of Ithaca while retaining his position at Paradigm. Paradigm co-founder Matt Huang will serve as the chairman of Ithaca.
Odyssey Layer 2 is built on Reth and OP Stack and is currently live on the testnet. Konstantopoulos stated that Ithaca is building a complete tech stack needed by developers and users for faster deployment and lower barriers to entry.
Insiders: Arkham Intelligence plans to launch a cryptocurrency derivatives exchange next month
According to Aggr News citing Bloomberg, blockchain data company Arkham Intelligence Inc., supported by investors including OpenAI founder Sam Altman, plans to launch a cryptocurrency derivatives exchange next month. Insiders revealed that the company is relocating its operations from London and New York to Punta Cana in the Dominican Republic, where the new trading venue will also be established.
Neiro: has terminated its partnership with market maker Gotbit
Neiro officially announced that it has terminated its partnership with market maker Gotbit. Issues involving Gotbit or its employees do not pertain to Neiro and are unrelated to Neiro.
Neiro has withdrawn some market maker funds back to the community multi-signature, and while waiting for the remaining funds, CTO S will use his personal funds to allocate to the market maker. To ensure a seamless transition, Neiro will collaborate with a new market maker within a few hours or days after this announcement.
CryptoQuant: The cryptocurrency bull market cycle is still ongoing, and the market is expected to perform well in 2025
CryptoQuant analyst Crypto Dan stated that the current cryptocurrency bull market cycle is still ongoing and expects the market to perform well in 2025. Dan pointed out that from a cyclical perspective, Bitcoin's movements typically include two upward phases. In the bull market cycles of 2013 and 2020, long-term investors realized profits and peaked twice, while no adjustments occurred during 2017. Considering the current macro situation, he believes the current market trend is more likely to resemble 2013 or 2020 rather than 2017.
The analyst emphasized that a global interest rate cut cycle has already begun. While the ample supply of market liquidity may take months or even over a year, investment markets often react in advance due to participants' expectations. Therefore, even a rough estimate suggests that 2025 is likely to see a good market trend. Investors are advised to adopt a long-term investment strategy, focusing on the big picture rather than short-term fluctuations, which is more likely to yield better investment returns.
Affected by geopolitical factors, .io domain names will be impacted
On October 3, the UK government announced the relinquishment of sovereignty over the Chagos Islands in the Indian Ocean, transferring it to the neighboring island nation of Mauritius. Once the treaty is signed, the British Indian Ocean Territory will cease to exist. Various international organizations will update their records.
Previously, the Internet Assigned Numbers Authority (IANA) nominally assigned .io as a country code top-level domain (ccTLD) to the British Indian Ocean Territory. The return of the Chagos Islands will eliminate the British Indian Ocean Territory, and the corresponding ISO-3166 two-letter country code IO and .io domain name may also be revoked.
Currently, many users and businesses view .io as a generic top-level domain (gTLD) rather than one specific to a country/region. As of 2023, approximately 1.2 million .io domain names have been registered, a significant portion of which are associated with cryptocurrency-related companies.
WLFi: Public token sale for whitelisted users will open on October 15
The Trump family cryptocurrency project World Liberty Financial (WLFI) announced that it will open a public token sale on October 15, with participants needing to qualify through a whitelist. The official will hold an event on Twitter Spaces at 8 AM Eastern Time (8 PM Beijing Time) on October 14 to introduce more details.
Victim of phishing attack losing over $35 million yesterday is Continue Capital co-founder Lin Xiaohong
Yesterday, Continue Capital co-founder Lin Xiaohong posted on the X platform, stating: "I accidentally exposed that I haven't exited the circle and passively made a charitable headline."
Combined with the phishing attack this morning that Arkham marked as belonging to Continue Fund, resulting in a loss of over $35 million, the victim is suspected to be Continue Capital co-founder Lin Xiaohong. This attack led to the theft of 15,079 fwDETH from his address, and the hacker quickly cashed out through transactions, but due to insufficient liquidity, the asset value significantly shrank to about $5.5 million.
Market Dynamics
Recommended Reading
When .io domain names face a crisis, the history of domain names changed by geopolitical factors
From ICOs to community tokens, a comprehensive overview of the evolution of cryptocurrency issuance
Who is Angela Meng, the Chinese-American CEO of Coinbase who moved to the U.S. at age 11?
With cryptocurrency consumption on the rise, is it a new trend or just old wine in new bottles?
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
