Daily Bits

SOL Power

Think ETH had a blast post-EIP-1559 upgrade? Take a look at Layer 1 projects’ parabolic rise.

BLUR Surges After DAO Proposal to Activate Fee Switch on Blur; Uniswap Labs Introduces 0.15% Swap Fee on High-Volume Tokens

Uniswap Labs will introduce a 0.15% swap fee on specific high-volume tokens. Read more here.

CTSI Surges as Community Teases Rebranding; Axelar Partners With Microsoft to Connect Dapps to Azure

Axelar, a cross-chain protocol, has partnered with Microsoft Azure to develop a tool that enables businesses and users to connect with decentralized applications (dapps) across Microsoft's cloud platform. Read more here.

Sea of Red

Twitter Blue to help its subscribers verify their NFT profile pictures.

BTC Approaches 200DMA; Japan Passes Stablecoin Bill

Simple moving averages are important data points to look at when navigating a bear market. Find out more on Daily Bits.

(Don’t) Doge This

LDO Surges on Growing Staking Demand; US Banks to Launch Blockchain Pilot

Traditional financial institutions are launching a digital dollar blockchain pilot amid the the unravelling of the FTX saga. Read more here.

ETF Revelation

Last Friday, Bitcoin options saw aggressive buying of near-term calls that are set to expire on Oct. 22 and Oct. 29, with most calls falling in the $60k-65k range.

USDT Dominance in Decline; El Salvador's Dollar Bond at Record Lows

El Salvador's bet on BTC has incurred losses greater than its next interest payment to bond holders. Read on here.

Bitcoin ETFs Debut Strongly with $4.5 Billion Trading Volume

The newly launched spot Bitcoin ETFs saw a remarkable first-day trading volume of $4.5 billion, surpassing expectations.