ChainCatcher news, official data shows that on October 21, the number of transactions on the Taiko chain reached 2,941,686, setting a new historical record.

ChainCatcher news, according to Coindesk, based on data from Glassnode, the seven-day moving average of Bitcoin's hash rate has reached a historic high of 703 EH/s (currently at 725.20 EH/s, peaking at 791.62 EH/s), marking the first time the network's hash rate has surpassed 700 EH/s. Since the halving event in April, Bitcoin's hash rate has grown by nearly 13%.Data from Bitcoin mining analyst Sebastian Ski shows that in September, 12 leading publicly listed mining companies contributed 28.9% to the total hash rate, equivalent to over 200 EH/s. Their contribution to the hash rate has been steadily increasing month by month, having jumped nearly 10% since October 2022. Ski suggests that "publicly listed mining companies are capturing market share from other miners globally."Ski also mentioned that the companies with the largest hash rate growth over the past 12 months are: CleanSpark (CLSK), MARA Holdings (MARA), Riot Platforms (RIOT), and IREN. This aligns with the monthly production growth of leading Bitcoin mining companies in September. Weaker miners will have to exit the network, while the companies with the lowest energy costs or the strongest balance sheets will continue to increase their share of the network.

ChainCatcher news, Nvidia (NVDA.O) once rose nearly 4%, reaching an intraday all-time high of $140.89.

ChainCatcher news, according to a report from The Block, a research report released by a16z crypto on Wednesday pointed out that the number of active cryptocurrency addresses and usage rates reached an all-time high this year. The report estimates that as of September, there are approximately 617 million cryptocurrency holders worldwide, with 60 million monthly active users.In 2024, the number of monthly active cryptocurrency addresses is expected to rise to over 220 million, with Base leading the Ethereum EVM chain, having 22 million addresses, while Solana dominates the non-EVM chain with over 100 million addresses. This year also saw the highest number of mobile wallet users, with the United States accounting for 12% of global users.

ChainCatcher news, K33 Research senior analyst Vetle Lunde stated that the CME Bitcoin futures open interest reached a nominal all-time high yesterday, totaling 172,430 BTC. With the significant increase in open interest, the futures premium has risen to a 5-month high.The analyst believes that the growth in open interest is driven by active/direct market participants, rather than inflows from futures-based ETFs.

ChainCatcher news, according to CoinDesk, Bitcoin ETF inflows increased this Monday, leading to a rebound in Bitcoin prices. The current upward trend has slightly eased, with the probability of Bitcoin reaching a new all-time high in 2024 on the prediction market Polymarket rising to 64%, up 9% from a week ago.

ChainCatcher news, 10x Research released a report stating that since the Federal Reserve cut interest rates in September, Bitcoin has risen by 5%, while Ethereum has surged by 11%, and altcoins are experiencing explosive growth. With the acceleration of stablecoin minting, Chinese over-the-counter brokers report billions of dollars in inflows, suggesting further upside potential. As Bitcoin breaks through $65,000, we expect it to quickly rise to $70,000, followed by setting a new all-time high in the short term.Driven by increased global liquidity, China's $278 billion stimulus plan could ignite a parabolic rebound in cryptocurrency prices. If Trump is re-elected, he may seek to excessively stimulate the U.S. economy, potentially forcing the Federal Reserve to reverse the rate-cutting cycle as early as the first half of 2025.It indicates that the target for the next two weeks is $70,000, with hopes of setting a new all-time high before the end of October.

ChainCatcher news, according to Cointelegraph, although the price of ETH has risen by about 15% over the past two weeks, it has struggled to maintain its momentum this week, consolidating between $2,700 and $2,600 for a period of time.Betting information on the prediction market Polymarket shows that the probability of ETH not reaching a new all-time high by 2025 is 85%, up from 71% a week ago, while the probability of it reaching a new all-time high is only 14%.

ChainCatcher news, 10x Research released a market analysis indicating that BTC is expected to reach an all-time high in the fourth quarter of 2024. It recently discussed the potential catalysts for BTC's year-end rebound and noted that the current market structure has improved, with stablecoins continuing to be issued and futures leverage also on the rise. As we approach the critical window from October to March, the likelihood of a significant breakthrough will increase.

ChainCatcher news, according to data disclosed by IntoTheBlock, the market capitalization of USDT is close to 120 billion USD, setting a new historical high. According to CoinGecko data, the current market capitalization of USDT is approximately 119.16 billion USD.

ChainCatcher news, according to The Block, analysts at research and brokerage firm Bernstein have stated that blockchain-based stablecoins pegged to fiat currencies like the dollar are becoming "systemically important," with their issuers now being among the largest holders of U.S. Treasury bonds alongside sovereign nations.After peaking in April 2022, the circulating supply of stablecoins has now returned to approximately $180 billion, a historical high.

ChainCatcher news, according to BTC.com data, the Bitcoin mining difficulty experienced an adjustment at block height 860832 (11:25:57), with the mining difficulty increased by 3.58% to 92.67 T, setting a new historical high.

ChainCatcher news, according to a post by HODL15 Capital on the X platform, the Bitcoin network's hash rate reached 717 EH/s, and the latest data has reached 760 EH/s, possibly setting a new historical high.

ChainCatcher news, CryptoQuant founder and CEO Ki Young Ju stated that as long as Bitcoin can stay above $45,000, it may break its all-time high again within a year.Although some indicators currently show bearish signals, there is still a possibility of a rebound. Therefore, it is necessary to observe whether it will maintain at this level for a week or two. If the duration is longer, the risk of a bear market will increase, and if it lasts more than a month, recovery may become difficult.

ChainCatcher news, according to data disclosed by CryptoQuant, the Bitcoin miner hash rate is rebounding, rising to 604 EH/s, an increase of 6% since July 9, and now less than 2% away from its all-time high.

ChainCatcher news, Uniswap founder Hayden Adams posted on social media that the market share of DEX has reached an all-time high compared to CEX.

ChainCatcher news, according to The Block, there are several live markets on Polymarket where traders can bet on the price of Ethereum rising. The largest market betting pool is close to $780,000, with 50% of users believing that ETH "will not reach an all-time high in 2024." About 30% think that ETH could rise above $4,600 in the fourth quarter.

ChainCatcher message, Dune data shows that yesterday the on-chain prediction market Polymarket had a trading volume exceeding $24.1 million, setting a new historical high. In addition, its daily active users reached 5,585, also a new historical high.

ChainCatcher news, Bitwise CIO Matt Hougan stated that the impact of spot ETF inflows on ETH may be greater than that on Bitcoin. It is expected that in the first few weeks after the Ethereum ETF goes live, the price of ETH will be "volatile," as funds may flow out of the Grayscale Ethereum Trust (ETHE), which has a value of $11 billion, after its conversion to a spot ETF. However, by the end of the year, he believes that the price of ETH will exceed $5,000 and set a new all-time high. If the inflow is stronger than many market commentators expect, the price could be even higher.

ChainCatcher message, the Meme coin FEAR NOT on the Ethereum chain has broken through $0.00003, currently priced at $0.000034, up 134% in 1 hour, reaching a new all-time high. The current total market capitalization of FEAR NOT is reported at $13.3 million, with a 24-hour trading volume of $3.42 million.