Top News

1. Global Safe-Haven Demand Surges, Global Stock Indexes Fall on Friday

2. Gold Currently Valued at 14.5 Times Bitcoin, Analyst Says Capital Will Flow to Bitcoin When the Gold Market Cools Down

3. $9.59 Billion Liquidated Across the Network in the Past 24 Hours, Mainly Long Positions

4. Chinese Meme Coins on BSC See a Morning Rally, "Binance Life" Up Over 50%, "Hakimi" Up 34%

5. Tether Freezes 13.4 Million USDT Across 22 Addresses on the Ethereum and Tron Networks

Trending Topics

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

[NOBLE]
Noble has garnered widespread attention on Twitter today due to its recent developments and strategic positioning in the crypto space. The project focuses on stablecoin issuance and the integration of real-world assets (RWA), has launched a leaderboard on Kaito, and has received support from major investment firms such as Paradigm and Polychain. Noble is considered a Layer 1 blockchain on Cosmos designed specifically for stablecoins and RWA, with plans to launch an EVM-compatible Rollup. The project has facilitated over $22 billion in trading volume and is being recognized for its innovative approach to stablecoin-native DeFi applications.

[MET]
Discussions around MET primarily revolve around the Meteora airdrop and the excitement and positive sentiment brought about by its innovative distribution mechanism. Users are excited about receiving significant allocations, with some even stating that this airdrop could be life-changing. Converting airdrop shares into fee-generating LP NFTs is seen as a novel approach, reducing selling pressure while enhancing yield opportunities. The community is actively using airdrop query tools and discussing how to maximize distribution strategies, creating an atmosphere of anticipation and optimism as they await the upcoming TGE (token generation event).

[BWB]
Today's discussion about BWB mainly revolves around Bitget Wallet's new initiatives. The tweets highlight Bitget Wallet's new features, including red packets for quick encrypted transfers, the Bitget Wallet Card launched in the Asia-Pacific region, and a $100,000 "Hold & Earn" event held in collaboration with Theo Network and Arbitrum. These initiatives are seen as strategic moves to enhance user engagement and drive the application of real-world assets in the crypto space.

[OPENSEA]
The discussion about OpenSea primarily focuses on its first wave of "Treasure Chest Rewards" program, with mixed community feedback. Many users expressed disappointment that the rewards fell short of expectations, citing high fees compared to rewards. Despite the criticism, improvements to the OpenSea platform are still acknowledged, and there is anticipation for the arrival of the second wave of rewards. Additionally, the community is excited about upcoming NFT series and airdrops, with OpenSea remaining a key platform for these activities.

[BGB]
The discussion about BGB mainly centers on Bitget recently airdropping 64,570 BGB tokens to VIP3 and above users as a reward for high trading volumes. This initiative is viewed as a strategic measure to enhance user loyalty and engagement. The discussion also emphasizes Bitget's unique approach to VIP services, combining incentive mechanisms, exclusive benefits, and identity roles, setting a new industry standard. The platform continues to drive BGB integration into the ecosystem, further enhancing its utility and value.

Featured Articles

1.《New Meme Being Forked, Why Are Players Angry This Time?》

Yesterday, Binance initiated the "Rebirth Support" plan and distributed the first batch of "Rebirth Support" airdrops, undoubtedly giving meme players on BSC another good topic. However, a "forking" event has sparked controversy among players.

2.《Gold Hits $5000, What Does It Mean For Bitcoin?》

So far this year, Bitcoin has fallen over 25% against gold. The author still believes Bitcoin is not yet ready to be "digital gold," although it shares many similarities with gold in many ways, but it continues to approach gold each year (except for the unclear solution to the quantum computing problem). However, if you try to buy gold, you will find that the price difference for physical gold is very high, making it more suitable for buying and holding long-term, which is not fun. Therefore, I think retail investors may choose to buy Bitcoin instead of gold, but the buying power of retail investors is relatively low compared to central banks.

On-chain Data

On-chain Fund Flow for October 17

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