Crypto Pulse——10/31 Market Trends and Hot Project Analysis

Preface:
Over the past 24 hours, Bitcoin and Ethereum prices fell by 0.31% and 0.12%, respectively, with current prices at $72,139 and $2,648, while the ETH/BTC exchange rate remains at 0.037. The crypto market Fear & Greed Index is at 77, indicating a state of greed.

Market Trending

After the market rally the previous day, yesterday saw a consolidation phase as Bitcoin held above $72,000. Ethereum followed the overall market trend with some recovery, though the Ethereum Foundation’s recent sell-off hindered further gains for ETH. According to CME FedWatch, there’s a 95.5% chance that the Federal Reserve will cut rates by 25 basis points in November, which could encourage more aggressive investment strategies and potentially further growth in the crypto market.
Public Chain Sector: SUI continued its upward trend, with its price surpassing $2. Meme Sector: Meme coins on the Solana chain maintained steady growth, with DEX trading volumes on Solana surpassing those of all other blockchains for three consecutive weeks, and the total market cap of meme coins now exceeding $12 billion. DeFi Sector: VISTA, which previously ignited the market, saw another surge with its value doubling over three days.

Spot Bitcoin ETF Flows

U.S. Bitcoin Spot ETFs saw a net inflow of $896.3 million yesterday, the second highest on record, with total Bitcoin ETF holdings surpassing 1 million BTC. Among these: IBIT recorded a historic inflow of $875 million; FBTC saw an inflow of $12.6 million; mini BTC had an inflow of $8 million; HODL had an inflow of $4.1 million; while BITB saw an outflow of $23.9 million.
Check Out the Latest Prices, Charts, and Data of BTC/USDT Spot and BTCUSDT Perp!

Daily Spotlight

Today’s spotlight is on VISTA, with a 24-hour gain of 54.34%.
Ethervista (VISTA) is a decentralized exchange (DEX) platform integrating Swap, Liquidity, and Launcher chat features. It aims to set a new standard for DEXs built specifically for Ethereum and Layer 2. It supports an initial 5-day lockup of liquidity provided by pool creators. Ethervista also offers customizable smart contracts, allowing creators to manage fees and integrate various DeFi applications like staking or auto-buy. Profits generated from Swap projects are used to buy back and burn VISTA tokens, helping to stabilize the price. Currently, 20% of the total supply has been staked, with 37,100 VISTA tokens worth $1.1 million bought back and burned permanently. VISTA’s 24-hour gain exceeded 50%, doubling in value over three days.
Check Out the Latest Prices, Charts, and Data of VISTA/USDT Spot and VISTAUSDT Perp!

The Word on the Street

Bitcoin Whitepaper Anniversary: 16 Years
October 31 marks the 16th anniversary since Satoshi Nakamoto published the Bitcoin whitepaper Bitcoin: A Peer-to-Peer Electronic Cash System on the P2P Foundation website. The Bitcoin network was officially launched on January 3, 2009, with its initial trading price at $0.0008. Since then, Bitcoin has appreciated over 90 million times.

Project Funding

Privacy-Preserving Compute Network Nillion Raises $25 Million Led by Hack VC.
Privacy-preserving compute network Nillion completed a $25 million funding round led by Hack VC, bringing its total funding to over $50 million. Investors include Hack VC, Distributed Global, and HashKey, among others. Nillion is a decentralized public network based on a new cryptographic primitive called Nil Message Compute (NMC), enabling nodes within the decentralized network to operate in a unique, non-blockchain way.