🚀Bitcoin Soars Above $72,000

GM Defiers!

Markets surged on Tuesday, with Bitcoin hitting an intraday high of $72,900 — within 1% of its all-time high. ETH rallied 7%, while SOL and DOT gained 5%.

Solana’s Raydium DEX hosted its highest daily volume on Oct. 23, with users trading $1.8 billion worth of assets in 24 hours. However, Uniswap remains the top decentralized exchange by weekly volume.

Coinbase launched a platform allowing users to deploy AI agents on Base in just five steps. The move suggests AI agents on Base may soon proliferate.

Many AI-linked memecoins appear to be little more than a flash in the pan, with GNON and FLAVIA crashing more than 90% from their respective highs.

Also, Circle and Inco Network are working on “confidential” ERC0-20 tokens, and Google Cloud teams up with Mantra on an RWA incubator.

✍️ In today’s newsletter:

• Bitcoin sets sights on all-time high
• Raydium volume tags record high
• Coinbase launched Based Agent platform
• AI memecoins rapidly pump and dump
• Circle modifies ERC-20 to bolster privacy
• Mantra welcomes Google Cloud as primary infrastructure provider

🙏Sponsored

• Decentralized Identity with Humanity Protocol Founder, Terence Kwok
• DOT Tokenomics Explained

📈 Markets in the last 24 hrs:

THANKING OUR NEWSLETTER SPONSORS

| NEWSLETTER CONTINUES BELOW |

Goat Network is the first BTC L2 to offer sustainable BTC yield

DIA Lumina: The first rollup-powered oracle. Fully trustless and modular.

🚀Bitcoin Approaches All-time High Amid Torrid ETF Inflows

BTC surged 6% to $72,800 in the last 24 hours, pushing the total crypto market capitalization up 4.5% to $2.57 trillion. ETH climbed 7%, while SOL and DOT rallied 5%. Spot Bitcoin ETFs pulled in $479 million on Monday, pushing inflows over the last three trading days above $1 billion.

📈Solana DEX Raydium Processes All-time High Daily Volume

Daily volume on Raydium, the top decentralized exchange on Solana, rocketed to an all-time high of $1.8 billion on Oct. 23. The momentum comes from Solana’s frothy memecoin sector, with successful PumpFun projects making their way to Raydium.

🤖Coinbase Unveils Platform For Deploying AI Agents As Boom Continues

Coinbase launched Based Agent, a no-code platform allowing users to quickly spin up AI agents that can execute on-chain actions on Base, Coinbase’s Layer 2 network. The move comes after Coinbase said it oversaw the first token transactions between AI agents last month.

📉AI Memecoin Frenzy Cools, Sparking ‘Flight to Quality’

AI memecoins are proving highly volatile, with several tokens surging by orders of magnitude before shedding more than 90% over the course of a couple of weeks. GOAT remains a standout, however, with the token retaining a more than $700 million market cap.

MEDIA PARTNERSHIP

[REDACTED] - Nov 9 - 11, Bangkok.

Big tech owns you. It's time for that to change.

Join headline speaker Edward Snowden alongside AI and Web3 visionaries in person as they convene upon Bangkok for [REDACTED], and event by the NEAR ecosystem for Web3.

Tickets are free, spaces are limited. Register here: https://redactedbangkok.ai/

👤Circle and Inco Unveil Confidential ERC-20 Standard To Bolster Privacy

Circle and Inco Network are working on Confidential ERC-20 tokens which conceal the address balances and transfer values of transaction counterparties, but do not provide on-chain anonymity. The standard also supports compliance features, with users able to grant viewing permissions to regulators and law enforcement.

🤝Google Cloud Teams Up With Mantra On Infrastructure and RWA Accelerator

Google Cloud is teaming up with Mantra on an accelerator program promoting innovation in on-chain real-world assets. Mantra is also onboarding Google Cloud as its primary validator and infrastructure service provider. The news follows Mantra’s OM token soaring 6,550% this year.

🌍 ELSEWHERE

• Kraken Picked Optimism's 'Superchain' After Getting a Pile of OP Tokens (CoinDesk)
• Cumulative open interest on Polymarket’s US presidential election market quadruples to over $200 million as vote nears (The Block)
• FTX sues KuCoin to recover $50 million in withheld assets (CryptoSlate)
• DeFi Education Fund Attacks SEC’s ‘Regulation by Enforcement’ in Beba Lawsuit (Unchained)

🔥TRENDING

• Solana DEX Raydium Processes All-time High Daily Volume
• Altcoins Lag as Bitcoin Flirts With $69,000
• DYdX V3's TVL Is $100M As Shutdown Begins — But Users Can Still Withdraw
• Lamborghini Taps Base For Revuelto NFT Mint
• Ethereum Foundation Is Exploring Staking Its ETH
• Bitcoin Dominance Reaches Highest Level Since 2021