Daily Report | Bitcoin's market value surpasses Tesla; MakerDAO purchases $50 million in RWA assets again

整理：flowie, ChainCatcher

What important events have occurred in the past 24 hours?

1. Bitcoin's market cap surpasses Tesla, ranking 11th among global financial products

According to ChainCatcher, the latest data from 8marketcap shows that Bitcoin's market cap has now surpassed Tesla, ranking 11th among global financial products by market cap.

Bitcoin's market cap is approximately $67.35 billion, with a 24-hour increase of over 13%; Tesla's market cap is approximately $67.31 billion, with a 24-hour increase of 0.04%. (Source link)

2. MakerDAO purchases $50 million in RWA assets again, total RWA assets now approximately $3.377 billion
According to ChainCatcher, MakerDAO has increased its RWA assets by $50 million today through BlockTower Andromeda, bringing the current total RWA assets of the protocol to approximately $3.377 billion. (Source link)

3. U.S. SEC acknowledges Grayscale's Ethereum spot ETF application filing
According to ChainCatcher, Nate Geraci, chairman of ETF Store, stated that the SEC has acknowledged Grayscale's filing for a change in the listing rules for its Ethereum Trust.

Previously, Grayscale Investments applied to convert its Ethereum Trust Fund (ETHE) into an Ethereum spot ETF. (Source link)

4. Ark Invest sells $3.3 million in Coinbase stock and $2.5 million in GBTC
According to ChainCatcher, Cathie Wood's Ark Invest sold shares of Coinbase Global Inc. and purchased shares of Robinhood on Monday local time.

It is reported that Ark Invest sold a total of 42,613 shares of Coinbase through the ARK Next Generation Internet ETF and Ark Fintech Innovation ETF, with a transaction value of approximately $3.3 million. Ark Invest purchased 259,628 shares of Robinhood Markets Inc. through ARKW.

Additionally, Ark Invest sold 100,739 shares of Grayscale Bitcoin Trust, with a transaction value of approximately $2.5 million. (Source link)

5. Cosmos ecosystem application chain Noble completes $3 million seed round financing, led by Polychain
According to ChainCatcher, Cosmos ecosystem application chain Noble announced the completion of a $3 million seed round financing, led by Polychain Capital, with participation from Circle Ventures, Borderless Capital, Wintermute Ventures, Hustle Fund, CMCC Global, and Interop. Noble is collaborating with Circle to bring native USDC to the Cosmos and the Cosmos inter-blockchain communication protocol IBC ecosystem. (Source link)

6. Deribit: Open interest rapidly increases, $2.8 billion in Bitcoin options set to expire this Friday
According to ChainCatcher, cryptocurrency options trading platform Deribit stated on social media that open interest on Deribit is surging, with BTC options valued at up to $12.4 billion, of which $2.8 billion will expire this Friday. ETH options are valued at $6.5 billion, with $1.5 billion expiring this Friday. (Source link)

7. Binance Bitcoin liquidity surged before price increase, total trading volume exceeded $100 million twice in one hour
According to ChainCatcher, data from Tokeninsight shows that influenced by news related to spot Bitcoin ETFs, Bitcoin prices began to rise early on the 24th Beijing time, and the liquidity of the Binance BTC/USDT trading pair surged last night and this morning, with total buy and sell orders exceeding $100 million twice within one hour.

From 23:00 on October 23 to 00:00 on the 24th, the total buy and sell orders for the Binance BTC/USDT trading pair exceeded $114 million, a 5.5-fold increase compared to $17.7 million two hours earlier. Two hours later, the total buy and sell orders for Bitcoin on Binance again exceeded $100 million. Currently, the two Bitcoin trading pairs with the highest market share come from Binance, namely BTC/USDT and BTC/FDUSD. Other mainstream exchanges did not show a significant increase in liquidity during the rise in Bitcoin prices. (Source link)

8. DeFiance Capital founder: ETH/BTC exchange rate may truly bottom after Bitcoin halving
According to ChainCatcher, Arthur Cheong, founder and CEO of DeFiance Capital, stated on his social media platform that if the Bitcoin spot ETF is successful and BlackRock applies for an ETH spot ETF, Ethereum's ESG friendliness and native staking yield will attract institutional investors. However, this does not mean that the ETH/BTC exchange rate has bottomed out, as all short-term focus will be on BTC, and Bitcoin will halve in April next year. After the halving, the ETH/BTC exchange rate may bottom out. (Source link)

9. Starknet community proposes to use STRK tokens as fee tokens
According to ChainCatcher, the Starknet community has released a new proposal on the official governance forum, suggesting that the newly introduced V3 transactions pay fees in STRK (i.e., accounts must have a STRK balance). The old version of transactions will still be supported, continuing to use ETH for fee payments.

The intent of this proposal is to use Starknet's native token STRK as the fee payment token on Starknet, as one of its main uses. (Source link)

"What are some great articles worth reading in the past 24 hours?"

1. “The Intent Track Gains Popularity: A Quick Overview of 8 Intent Concept Projects to Watch”

At the recent ETHCC conference in Paris, "ETH large-scale applications or widespread adoption" became a hot topic. In analyzing this challenge, a key concept emerged—“Intent Layer.” The core idea of this layer is to lower the barrier to DeFi operations by introducing user-friendly interfaces, such as mobile wallets, as intermediaries for interacting with DeFi.

As a result, the intent track has received significant attention from the market and capital, and recently RootData has intensively included several early intent-related projects. In this article, RootData has compiled basic introductions and operational mechanisms for 8 intent concept projects, including Flashbots (SUAVE), DappOS, Anoma Network, Particle Network, CowSwap, Fairblock Network, Essential, and PropellerHeads.

2. “Balaji: Eight Use Cases Explaining How AI Era Cryptocurrency Can Rebuild Trust?”

Balaji Srinivasan is a renowned angel investor, tech founder, and author of the Wall Street Journal bestseller "The Network State." He was previously the CTO of Coinbase and a general partner at A16z, as well as an early investor in many successful tech companies and crypto protocols. Recently, he shared insights on the two often-discussed topics of artificial intelligence and cryptocurrency, analyzing how AI can make everything false, while cryptographic technology can make everything real.

3. “A Comprehensive Comparison of Four Major DA Layers: Avail, Celestia, Ethereum, EigenDA”

In recent years, due to the growing focus on scaling execution, Layer 2 has begun to gain attention for adoption. Meanwhile, more and more participants are facing growth challenges due to limited block space and high costs. They have started to realize that an extensible data availability layer is crucial for effectively scaling blockchain. This also means they need a foundational technology layer that saves costs and provides larger block space to support various types of rollups. This article will evaluate the advantages and disadvantages of each approach. We will highlight different design choices to provide a comprehensive understanding and help developers find the most suitable DA layer for them.