Key Highlights
- Ethereum inscription token ETHS rises to $4,000 per unit, marking a 15% increase in 24 hours.
- Reddit moderators propose abandoning MOON contract to achieve full decentralization, triggering a 155% price surge.
- ERC20-BRC20 cross-chain protocol token MUBI debuts at $0.0062, soaring 1,140% at launch.
- Atomicals ecosystem token dmint trades at 116 satoshis, with platforms facing outages due to high demand.
- BlackRock denies filing for iShares XRP Trust in Delaware, causing XRP’s price volatility.
Market Trends
Ethereum Inscription Token ETHS Hits $4,000
- Current Price: $4,000 per unit (15.43% 24h gain).
- Protocol: ETHS is the first text-based token issued via Ethereum’s Ethscriptions protocol.
👉 Explore Ethereum inscription trends
MOON Token Skyrockets Amid Reddit’s Decentralization Move
- Price: $0.1302 (155.1% 24h surge).
- Key Change: Reddit’s r/CryptoCurrency community plans to burn remaining MOONs, capping supply at 83 million tokens and eliminating inflation.
Cross-Chain Token MUBI Gains 1,140%
- Launch Price: $0.0062 after raising $350K across Ethereum and Bitcoin IDOs.
- Utility: Facilitates BRC20-ERC20 transfers via MultiBit Protocol.
Trading Insights
Notable Transactions
| Token | Details | Value |
|---|---|---|
| MATIC | Justin Sun withdraws 764,740 MATIC ($479.7K) from Binance. | $479,700 |
| ETH | Celsius transfers 5,160 ETH ($10.63M) to FalconX. | $10.63M |
| YGG | Wintermute acquires 2.5M YGG ($1.03M) from Kraken. | $1.03M |
Smart Money Inflows (24h)
- ETH: $98M
- UNI: $6.7M
- LINK: $5.51M
Project Updates
Reddit’s MOON Goes Decentralized
- Plan: Reddit mods will relinquish control of the MOON contract by end of November.
- Impact: Token becomes fully decentralized, with future governance decided by community votes.
LayerZero Introduces ColorTrace
- Solution: Tracks token provenance to fairly attribute value to original minters (e.g., for royalties).
Atomicals’ dmint Faces Technical Issues
- Price: 116 satoshis (~$42.30).
- Challenges: Atomicals Market experienced repeated outages during minting due to high traffic.
👉 Discover cross-chain innovations
Regulatory & Institutional News
BlackRock Clarifies XRP Trust Rumors
- Filing: A purported “iShares XRP Trust” in Delaware was fake, per BlackRock’s spokesperson.
- Market Reaction: XRP initially spiked 13% before retracing.
Crypto Lobbying Hits Record Highs
- 2023 Spend: $20.19M (vs. $22.23M in 2022).
- Goal: Advocate for clearer U.S. crypto regulations.
FAQs
1. What is an Ethereum inscription token?
- Answer: Similar to Bitcoin Ordinals, Ethscriptions allow data (like text or images) to be inscribed on Ethereum, creating non-financial tokens like ETHS.
2. Why is MOON’s supply being reduced?
- Answer: Burning unused MOONs ensures scarcity and transitions the token to a deflationary model post-decentralization.
3. How does MUBI enable cross-chain transfers?
- Answer: MultiBit Protocol acts as a bridge, locking tokens on one chain (e.g., Bitcoin) and minting equivalents on another (e.g., Ethereum).
4. What caused dmint’s platform outages?
- Answer: Overwhelming demand for Atomicals’ dmint token led to server overloads during minting.
5. Is BlackRock launching an XRP ETF?
- Answer: No. The filing was fraudulent, confirmed by BlackRock.
Final Thoughts
The crypto market continues to evolve with inscription tokens, decentralization experiments, and cross-chain solutions driving innovation. Stay updated with credible sources to navigate rumors like the fake XRP trust filing.