- Market Commentary: On October 27, BTC maintained a steady upward trend, trading above the 30MA, with the short-term trend leaning bullish; ETH continued its strong upward momentum, remaining above the short- and mid-term moving averages.
- Hot Tokens: PAYAI surged approximately 107.6% within 24 hours, driven by the x402 concept hype; DIA rose about 75.26% due to technology stack upgrades and ecosystem expansion; SYND increased 20.26% following news of its upcoming listing on a new exchange.
- Alpha Insights: Bitcoin’s non-circulating supply declined, with roughly 62,000 BTC flowing out of long-term holders’ wallets; JPYC launched its yen-backed stablecoin and issuance/redemption platform JPYC EX; Kalshi’s 30-day trading volume exceeded $4 billion, setting a new record for annualized trading volume.
Discover more details today → Gate Research: JPYC Launches Yen-Pegged Stablecoin | Kalshi 30-Day Trading Volume Exceeds $4 Billion
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