Key market intelligence on October 23, how much did you miss?

CN
11 hours ago

Selected News

  1. ORE rises over 110% in 24 hours, market cap reaches $50.11 million

  2. WLFI reserve company ALT5 Sigma CEO suspended, company stock down 83% from 52-week high

  3. U.S. pre-market cryptocurrency stocks rise, quantum computing stocks also up

  4. Binance Alpha announces new airdrop MET points threshold, at least 226 points

  5. Apollo Global, Jane Street, and other institutions participate in Kraken's $500 million financing in September

Trending Topics

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

The following is the English translation of the original content:

[MEGAETH]

MEGAETH is gaining widespread attention due to its upcoming public sale. This sale will adopt a British auction format, with a valuation cap of $999 million. The project emphasizes broad distribution and community participation, introducing a unique U-shaped allocation mechanism in the event of oversubscription. The project has attracted well-known investors, including Dragonfly and Vitalik Buterin, and is being discussed as a potential major blockchain project. Additionally, MEGAETH has launched on the Hyperliquid platform for leveraged trading, further stimulating market interest and speculative enthusiasm.

[LIMITLESS]

Today, LIMITLESS ($LMTS) is in the spotlight due to its Token Generation Event (TGE) and subsequent trading launch, with a fully diluted valuation (FDV) reaching $400 million. The event is characterized as a "surprise TGE," where participants received substantial rewards, with some exceeding $10,000. The project is supported by prominent institutions such as Coinbase Ventures and 1confirmation, aiming to reshape the short-term prediction market. Community discussions focus on its rapid growth, community engagement, and strategic marketing activities, including "stealth launches" and collaborations. Despite concerns about liquidity distribution FUD (fear, uncertainty, doubt), the overall sentiment remains positive, with many users expressing anticipation for the platform's potential and future opportunities.

[HYPERLIQUID]

HYPERLIQUID is attracting attention today due to several key developments. The company is hiring engineers, indicating intentions for expansion; the platform has launched MEGA-USD hyperps, supporting leveraged trading of the yet-to-be-released MEGAETH. Its subsidiary HYPERLIQUID Strategies has submitted an S-1 filing, planning to raise up to $1 billion, potentially for purchasing HYPE tokens. The platform's daily revenue has shown significant growth, and AF is accumulating HYPE tokens in large quantities. Additionally, the community is actively discussing the impact of AI trading agents and the automatic deleveraging mechanism during market crashes.

[THEO]

Today's discussions about THEO focus on its performance in RWA (real-world assets) projects, particularly its innovative approach to bringing real assets into the crypto space through the Theo Network. Tweets emphasize the high rewards that may be obtained by participating in Theo activities, with users actively discussing how to optimize strategies to accumulate more points. The overall sentiment is positive, with the community looking forward to upcoming developments and profit potential.

Featured Articles

  1. What is the x402 protocol, like the 30x inscription golden dog, $PING?

Yesterday, a special golden dog was born on Base, which is $PING. Based on the cost of the initial offering and the current coin 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. This is the first token issued through the x402 protocol. So, what is the x402 protocol? Why is the minting process of $PING so special? What is the current ecological situation of this protocol?

  1. MrBeast's Financial Gamble

In October 2025, MrBeast submitted a trademark application named "MrBeast Financial" to the U.S. Patent and Trademark Office. This 27-year-old, who can bury himself alive for video content in the real world and has 450 million followers in the virtual world, plans to expand his business empire from fast food and snacks to banking, investment, and even cryptocurrency trading platforms.

On-chain Data

On-chain capital flow situation on October 23

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