- Market Commentary: On November 3, BTC showed a generally weak and volatile performance, hovering around 108,900 USD. ETH briefly consolidated above 3,850 USD before falling again to 3,790 USD, continuing its downward trend. Most altcoins saw slight declines, with market sentiment remaining in the “fear” zone as the Fear and Greed Index stood at 42.
- Trending Tokens: BEAT surged 58.90% on strong momentum from the “AI + Music + GameFi” narrative; MCTP rose 31.84% driven by ecosystem upgrades and node mechanism progress; DGB climbed 31.78% supported by its secure and stable blockchain infrastructure.
- Alpha Insights: In October, decentralized exchange trading volume hit a record 613.3 billion USD, signaling heightened on-chain activity. ARK Invest’s crypto holdings surpassed 2.15 billion USD, highlighting accelerated institutional inflows. Tether reported over 10 billion USD in net profit for the first nine months and launched a share buyback and fund license application, reinforcing its dominance in the global stablecoin market.
Discover more details today → Gate Research: USDT supply reaches $174 billion ｜ ARK Invest’s crypto holdings surpass $2.15 billion
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