Crypto Morning News: U.S. SEC approves listing and trading of options for multiple Bitcoin ETFs; Anthropic launches AI agent capable of operating computers
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Crypto Morning News: U.S. SEC approves listing and trading of options for multiple Bitcoin ETFs; Anthropic launches AI agent capable of operating computers
Matrixport released a research report stating that Bitcoin's market dominance has continued to rise, reaching 58%, indicating that the altcoin frenzy has yet to arrive.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
Aori, a high-frequency intent execution layer, announces partnership with full-chain Rollup network Initia
According to official announcements, Aori, a high-frequency intent execution layer, has formed a strategic partnership with Initia, a full-chain Rollup network. The two parties will collaborate to build an interconnected liquidity layer for atomic settlement, liquidity aggregation, and more, aiming to create a more efficient marketplace for thousands of application-specific chains.
Prior news indicated that Initia announced $14 million in Series A funding and $2.5 million raised from its community round, with plans to launch its mainnet and Token Generation Event (TGE) within the next two months.
Movement Labs announces support for ERC-3643 and joins the ERC3643 Association
Movement Labs, the core development team behind the Move virtual machine public chain Movement Network, officially announced support for ERC-3643 and membership in the ERC3643 Association. This marks the first expansion of the ERC-3643 standard beyond the Ethereum Virtual Machine (EVM) ecosystem, addressing growing market demand for high-throughput solutions and alternative programming paradigms.
ERC-3643 is an identity-based, permissioned token standard that has become an industry benchmark in the tokenization of real-world assets (RWA), adopted by institutions such as Citibank and ABN AMRO. Movement Network leverages the Move programming language and can process over 160,000 transactions per second.
Matrixport: Bitcoin dominance rises to 58%, altcoin season delayed
Matrixport released a research report stating that Bitcoin’s market dominance continues to climb, now reaching 58%, indicating that the anticipated altcoin rally has yet to materialize. Despite the existence of over 20,000 cryptocurrencies, market focus remains heavily concentrated on Bitcoin. This dominance suggests that inflows from ETFs have not significantly boosted altcoins and implies that retail investors have not entered the market en masse.
Bitcoin trading volume has doubled from $10–20 billion in 2023 to $20–40 billion in 2024, further highlighting Bitcoin’s expanding influence. From a risk-adjusted perspective, Bitcoin remains one of the most attractive assets in the current crypto market.
a16z founder: The emergence of GOAT represents the first true fusion of artificial intelligence and cryptocurrency
Marc Andreessen, co-founder of a16z, discussed on a podcast the origin of Truth Terminal and the creation process of the meme coin GOAT. He described how an AI bot began promoting the GOAT meme and subsequently created a meme token, which rapidly reached a valuation of $500 million. Andreessen described this event as the first genuine integration of artificial intelligence and cryptocurrency.
Anthropic launches AI agent capable of operating computers, performing tasks across software environments and live internet
On October 23, according to Jinshi Data, Amazon-backed AI startup Anthropic announced a major breakthrough in artificial intelligence: its newly developed AI agent can operate computers like humans and complete complex tasks. Anthropic’s Claude is a chatbot comparable to OpenAI’s ChatGPT and Google’s Gemini.
This new capability is an upgrade to Claude 3.5 Sonnet, endowing the AI model with “computer use” functionality—enabling it to interpret screen content, click buttons, enter text, browse websites, and execute tasks across various software environments and real-time internet contexts.
U.S. SEC approves multiple Bitcoin ETF options for listing; single-position limit set at 25,000 contracts
According to Crowdfund Insider, the U.S. Securities and Exchange Commission (SEC) has approved Cboe Exchange and NYSE American to list multiple Bitcoin ETF options.
Cboe is authorized to list options for Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB). NYSE American is authorized to list options for Grayscale Bitcoin Trust ETF (GBTC), Grayscale Bitcoin Mini Trust (BTC), and Bitwise Bitcoin ETF (BITB). Previously, the SEC had already approved options trading for BlackRock’s iShares Bitcoin Trust (IBIT).
Ethereum’s balance ratio on centralized exchanges remains below Bitcoin’s, reflecting holder preference for self-custody
Analyst Leon Waidmann shared data from Glassnode showing that Ethereum’s balance ratio on centralized exchanges continues to trail Bitcoin’s. As of October 18, 2024, Ethereum’s exchange reserve stood at 10.415%, compared to Bitcoin’s 15.073%.
This trend indicates that Ethereum holders are more inclined toward self-custody than their Bitcoin counterparts.
Moonshot 24-hour trading volume leaderboard: ACT, GNON, and SLOP rank top three
On October 23, Dune dashboard data revealed the following 24-hour meme coin trading volumes on Moonshot:
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ACT: $145,600
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GNON: $134,100
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SLOP: $124,600
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SHOGG: $105,100
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GOAT: $94,100
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FARTC: $59,000
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FWOG: $32,900
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FLOYD: $16,400
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RBT: $10,900
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KIRI: $10,800
Arkham: Tesla’s recent transfer of $770 million in Bitcoin likely reflects internal wallet restructuring
On October 23, blockchain analytics platform Arkham posted on X suggesting that Tesla’s recent Bitcoin movement was an internal wallet reorganization, with all BTC still under Tesla’s ownership. Tesla transferred its entire holding of 11,509 bitcoins (approximately $776.9 million) into seven new wallets, each holding between 1,100 and 2,109.3 BTC.
Arkham noted that all receiving wallets received test transactions, and except for one, all hold whole-number BTC amounts. Speculation exists that the transfer may involve moving funds to custodians, potentially using Bitcoin as collateral for loans.
Market Data
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