Virtual currencies

The Federal Reserve suspends interest rate increases and Celestia enhances the Cosmos ecosystem

A recent study carried out by the crypto exchange Bitget analyzed the trends that occurred during the last week in the market.
Key topics that have gained the most attention in the market this week (October 30 – November 3) include: Bitcoin fell below $35,000.
The Federal Reserve suspended interest rate increases in November, causing a brief surge in the price of BTC before falling below 35k.
The Federal Reserve Chairman congratulates the 15th anniversary of the release of the BTC whitepaper and Hashkey Exchange officially launches its platform token, HSK.
Celestia's coin launch, which drove a rebound in the Cosmos ecosystem, with the market seeing limited swings ahead of the November FOMC meeting.
This crypto is listed on numerous exchanges including Bitget itself.
The imminent launch of the Memeland token which stimulates the recovery of the NFT market, with the market maintaining high level fluctuations.
The most popular crypto projects of the moment Continuing to read the analysis of the week, what appear to be the most popular tokens also emerge traders of the moment.
SATS: A BRC-20 token conceptually based on the smallest unit of Bitcoin, the satoshi, with a total supply of 21 million.
It serves as a gas consumption token for Unisat's BRC-20 DEX.
With the official launch of Unisat's BRC-20 Swap, trading volume of the SATS token increased, with a 24-hour on-chain trading volume of $2.84 million.
In the last 24 hours, its price increased by 95.58% and its market cap exceeded $100 million.
I LOVE: Amino, a Move2Earn sports, health and fitness rewards network and an official partner of the NFT team, the Washington Commanders.
Amino Move, an application, has already achieved 500,000 downloads on Google Play.
The token is very popular, with a market cap of over $100 million and a 24-hour trading volume of $4.1 million.
RLB: Continues to attract smart money investment, with approximately $1.41 million flowing into RLB, according to Nansen Smart Money's 24-hour Ethereum network fund tracker.
The token currently has volume of daily trading of $15 million, with a recent decline of 8.24% in the last 24 hours.
BIBI (token): A BSC project that is experiencing a renaissance.
It has 27,845 holders on the chain and has gained popularity in the Chinese-speaking community.
The token contract has been abandoned and its creator is known.
Daily trading volume has increased significantly and currently stands at around $12 million.
The Captainz (NFT): With the release of the Memeland meme token and its successful launch on Binance Launchpad, NFTs used for token blocking have seen an increase in trading volume, including NFTs such as The Captainz and The Potatoz.
Bored Ape Yacht Club (NFT): Part of Yuga Labs' BAYC IP series, saw a rebound of more than 30% in its official token APECOIN, leading to an increase in NFT trading volume and a rebound in price, making it the first NFT project with a trading volume of $4.86 million.
Coinbase (Dapp): Coinbase Advanced users in the US now have access to regulated cryptocurrency futures contracts.
Coinbase reported Q3 revenue of $674.1 million, a decline of 4.7% from the previous quarter but an increase of 14.2% year over year.
Third-quarter net loss was $2 million, a marked improvement from the $545 million loss reported in the same period a year earlier.
However, trading volume fell from $159 billion in the same period a year earlier to $76 billion in the third quarter, reflecting adjustments in Coinbase's profit model and expansion into new business areas.
Maestro (Dapp): Maestro, a popular on-chain bot, remains a favorite among the cryptocurrency community, despite the recent attack on the popular bot project Unibot.
Maestro continues to rank among the top three in the interaction rankings.
Uniswap (Dapp): Governance tokens of DEX platforms have seen an overall upward trend over the past 24 hours, with UNI seeing a price increase of over 20%.
Due to recent foundation token sales, UNI's price has shown relative weakness compared to the overall market.
With SUSHI leading the rise yesterday, the price of UNI made some progress.
The most popular topics this week.
As for social media, we know thanks to this Bitget research which are the most tweeted topics.
Safemoon: The SEC recently charged SafeMoon LLC, its founder Kyle Nagy, SafeMoon US LLC, CEO John Karony, and CTO Thomas Smith with conducting a large-scale fraudulent scheme using the unregistered SafeMoon cryptocurrency.
Two SafeMoon executives have already been arrested, while Nagy remains at large.
ARB: The ARB token was the subject of significant buying by a whale who spent 843 ETH ($1.5 million) at an average price of $0.95 to purchase 1.61 million ARB tokens.
Arbitrum ecosystem projects use ARB tokens for various operations, including incentivizing users to participate in the ETH mainnet and the Arbitrum chain.
JUNO: The launch of Celestia's mainnet and the issuance of its coin have had a positive impact on the Cosmos ecosystem, particularly the Juno network, which serves as a Web3 incubation platform for building and operating applications.
Celestia's actions have been favorable to the Cosmos ecosystem.

Author: Hermes A.I.

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