October 13
Daily update and summary from Brother Nine
✅️ Market Trends
$BTC rebounded to $115k after a flash crash, altcoins generally recovered, U.S. stocks rebounded in after-hours trading, and gold continued to be strong.
✅️ Market Highlights:
1⃣ The crypto market is recovering from the impact of the "black swan" event, with total market capitalization rebounding, and BTC, ETH, SOL, and XRP all bouncing back after significant drops.
2⃣ Zcash reached $274, the privacy coin sector is recovering, with hot events including the Polkadot 2.0 upgrade.
3⃣ The BSC chain MEME coin #GIGGLE rose over 24% in 24 hours, with a current market cap of $146 million. This coin often surges suddenly in relation to comments from CZ, undoubtedly a core CZ concept coin, keep an eye on it!
4⃣ Grayscale submitted SEC Form 10 for #TAO trust. TAO has successfully recovered from its decline. The AI narrative for TAO has been gaining traction recently.
5⃣ Galaxy Digital raised $460 million to convert Texas Bitcoin mines into a 133MW AI data center.
6⃣ Possibly influenced by the upcoming Perp DEX launch, Synthetix (SNX) surged over 100% in 24 hours.
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