The cryptocurrency bull cycle is still ongoing and the market is expected to perform well in 2025.
Author: TechFlow
Yesterday's market dynamics
Monad announced that the second Monad Madness will be held in Bangkok on November 16-17, and the application link is now open
On October 12, according to official news, Monad announced that the second Monad Madness will be held in Bangkok from November 16th to 17th. The application link is now open and will last for two weeks.
According to previous news, the top three winning projects of Monad Madness NYC received a total of US$450,000 in rewards, and the event was watched by more than 3,000 people.
The Monad Madness competition will select 20 teams for each location to compete, and more than 60 venture capital firms will watch the roadshow, with more than $60 million in expressed investment intent. Monad said this will be the biggest stage any team building a project on its platform can get.
Grayscale Releases List of Assets Considered for Inclusion in Future Investment Products, Covering More Than 30 Tokens
According to official news, asset management company Grayscale has released a list of assets that are considered for inclusion in future investment products, covering more than 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 said the list aims to showcase a diverse range of investable digital assets to investors in support of its mission to make the crypto asset class easier to understand and invest in.
Ithaca, the developer of Layer 2 network Odyssey, completes $20 million in financing, with Paradigm participating
According to The Block, crypto venture capital firm Paradigm announced a $20 million investment in its spin-off Ithaca. Ithaca is developing a new Layer 2 blockchain called Odyssey, which aims to accelerate the development of blockchain technology.
Paradigm CTO and general partner Georgios Konstantopoulos will become Ithaca’s CEO while retaining his role at Paradigm. Paradigm co-founder Matt Huang will serve as Ithaca’s chairman.
Odyssey Layer 2 is built on Reth and OP Stack and is now available on the testnet. Konstantopoulos said Ithaca is building a complete technology stack required by developers and users to achieve faster deployment and lower usage barriers.
Arkham Intelligence plans to launch crypto derivatives exchange next month: People familiar with the matter
Arkham Intelligence Inc., a blockchain data company backed by investors including OpenAI founder Sam Altman, plans to launch a crypto derivatives exchange next month, according to Aggr News, citing Bloomberg. The company is moving its operations from London and New York to Punta Cana in the Dominican Republic, where the new trading venue will also be located, according to people familiar with the matter.
Neiro: Terminated its partnership with market maker Gotbit
Neiro officially announced that it has terminated its partnership with market maker Gotbit. Any issues involving Gotbit or its employees do not involve Neiro and have nothing to do with Neiro.
Neiro has withdrawn some of the market maker funds to the community multisig, and while he waits for the rest of the funds, CTO S will use his personal funds to allocate to the market makers. To ensure a seamless transition, Neiro will work with the new market makers within a few hours or days of the publication of this article.
CryptoQuant: The cryptocurrency bull cycle is still ongoing and the market is expected to perform well in 2025
CryptoQuant analyst Crypto Dan wrote 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 trend usually includes two rising stages. In the bull market cycles of 2013 and 2020, long-term investors realized profits and reached peaks twice, while there was no period adjustment in 2017. Combined with the current macro situation, he believes that the current market trend is more likely to be similar to 2013 or 2020 rather than 2017.
Analysts stressed that the global rate cut cycle has begun. Although the full supply of market liquidity may take months or even more than a year, the investment market tends to react in advance due to the expectations of participants. Therefore, even with a rough estimate, a good market trend is expected in 2025. Investors are advised to adopt a long-term investment strategy and focus on the big picture rather than short-term fluctuations, which is more likely to get better investment returns.
Due to geopolitical influence, .io domain names will be affected
On October 3, the British government announced that it would give up sovereignty over the Chagos Archipelago in the Indian Ocean and transfer it to the neighboring island nation of Mauritius. Once the treaty is signed, the British Indian Ocean Territory will no longer exist. International agencies will update their records.
Previously, the Internet Assigned Numbers Authority (IANA) nominally assigned .io as a country code top-level domain name (ccTLD) to the British Indian Ocean Territory. The return of the Chagas Islands will cause the British Indian Ocean Territory to disappear, and the corresponding ISO-3166 two-letter country code IO and .io domain name may also be cancelled.
Today, many users and businesses view .io as a generic top-level domain (gTLD) rather than a country-specific domain. As of 2023, approximately 1.2 million .io domains have been registered, a large portion of which are cryptocurrency-related companies.
WLFi: Public token sale to whitelisted users will begin on October 15
The Trump family cryptocurrency project World Liberty Financial (WLFI) announced that it will launch a public token sale on October 15, and participants must pass the whitelist qualification certification. The official will hold an event through Twitter Spaces at 8 am Eastern Time (8 pm Beijing Time) on October 14 to introduce more details.
The victim of yesterday's phishing attack that lost more than $35 million was Lin Xiahong, co-founder of Continue Capital
Yesterday, Lin Xiahong, co-founder of Continue Capital, posted on the X platform: "I accidentally revealed that I had not retired from the entertainment industry, and was forced to do charity work and made the headlines."
Combined with the address that was marked by Arkham as belonging to Continue Fund this morning, which suffered a phishing attack and lost more than $35 million, the victim is suspected to be Lin Xiahong, co-founder of Continue Capital. The attack resulted in the theft of 15,079 fwDETH from his address, and then the hacker quickly cashed out through transactions, but due to insufficient liquidity, the value of the assets shrank significantly to about $5.5 million.
Market dynamics
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