Ki Young Ju, CEO of CryptoQuant, said on his social media platform: "I agree with everything meme coin enthusiasts talk about, except for the 'meme token cycle'. Social media has evolved from being centered around friends and family relationships to being centered around common interests, and the next step is social media driven by economic interests, which is also the vision of Web3. Memecoin is just a temporary combination of economics and common interests in the transitional phase of social media. Soon, we will see an era where economic interests are aligned with the creation of internet social value, and that is when the real season of altcoins will begin."

Paolo Ardoino, CEO of Tether, revealed in a post on X platform that the company holds 82,454 BTC, worth approximately $5.55 billion.

12:00-21:00 Keywords: Stablecoin, Wintermute, Meme

On October 27th, according to Token Unlocks data, TIA, SUI, and OP tokens will have a large amount of unlocking next week. Specifically:

On October 27th, Tether CEO Paolo Ardoino posted on X platform stating that a preview of Tether's local artificial intelligence development kit, Local AI, was showcased at the Lugano Plan ₿ event yesterday. The kit focuses on privacy and is supported by peer-to-peer technology, allowing code to be written once and run anywhere, from a $40 smartphone to a flagship smartphone, from a laptop to a large machine with many H100s, from a smart fridge to a car entertainment system. Tether's AI SDK is highly modular, supporting any model (Marian, Llama, etc.) and loading/storing weights and fine-tuning data in a P2P data structure, with plans to be open-sourced after being tested in real-world scenarios.

12:00-21:00 Keywords: Vitalik, Curve, Animoca, Grayscale

According to Coinglass data, the total open position of Bitcoin futures contracts on the network is 565,800 BTC (approximately $37.94 billion).

market showed BNB fell below $580, currently reporting at $579.9, with a 24-hour decline of 2.44%. The market is volatile, so please be prepared for risk control.

 market shows AAVE has fallen below $140 and is now trading at $139.97, with a 24-hour drop of 6.17%. The market is volatile, so please be prepared for risk control.

according to market data, DOT has fallen below $4 and is now trading at $3.99, with a 24-hour decline of 4.55%. The market is fluctuating greatly, so please manage your risks carefully.

according to market data, ARKM has fallen below $1.5 and is now trading at $1.49, with a 24-hour drop of 9.7%. The market is volatile, so please be prepared for risk management.

Musk will attend Trump's rally at Madison Square Garden in New York. 

according to Scam Sniffer monitoring, four days ago, a victim lost about $40,000 in SOL and BONK after signing a phishing signature.

the US Department of Commerce launched an investigation into TSMC earlier this month to confirm whether it provided chips to Huawei. Subsequently, TSMC stopped supplying chips to Sophgo, an artificial intelligence company associated with Bitmain. Two insiders said that TSMC has cut off chip supplies to related companies.

 Binance Labs has announced an investment in the fitness project Moonwalk Fitness by Gamify. The specific amount has not been disclosed. Moonwalk Fitness encourages users to achieve their daily step goals by pledging USDC, SOL, or BONK. Users must reach the step goal of their crew, and if they fail to do so, a portion of their pledged funds will be "confiscated" and redistributed among the winners.

OpenAI is disbanding its "AGI Readiness" team and its members will be reassigned to other teams within OpenAI. The team was previously responsible for evaluating OpenAI's ability to handle increasingly powerful AI technologies and assessing the world's readiness for such technologies. Miles Brundage, the chief advisor of the AGI Readiness team, announced his resignation in a Substack post, citing the high opportunity cost and his belief that his external research could have a greater impact. He also hoped to reduce bias and believed that he had already achieved his goals at OpenAI.

Coinbase International announced on the X platform that Coinbase International and Coinbase Advanced will add support for ApeCoin perpetual futures contracts, and the APE-PERP market is expected to open on or after 17:30 on October 31, 2024 Beijing time.

According to Cryptoquant data, gold finance reported that currently Bitcoin whales hold about 670,000 Bitcoins, the highest value ever. Undoubtedly, this is an optimistic long-term signal. As shown in the chart, when the whale holding volume is at a high level, Bitcoin tends to show a sideways or mild downward trend. This accumulation stage can be described as calm before the storm in the medium to long term. The real growth trend of Bitcoin began when the whale gradually reduced its holding volume until the percentage change value of the holding volume became negative. Finally, if the historical high point of Bitcoin is not updated between the US presidential election and November 28th (+/- 21 days), it will indicate that there are serious problems in the current bull market cycle, and things will become very bad.

 Pennsylvania House of Representatives has passed a bipartisan bill to provide regulatory clarity for digital assets. This move comes amid increasing uncertainty at the federal level regarding cryptocurrency regulation. It continues a trend of legislative bodies and governors across the country attempting to establish some rules for the US crypto industry. The bill passed with a majority of 176 votes to 26, including support from 76 Democrats and all 100 Republicans.