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Bitget Daily Digest(October 24)|Ethereum achieves real-time L1 block proof; Solmate surges 40% after $300M financing; Stable’s $825M pre-deposit raises insider concerns

Bitget Daily Digest(October 24)|Ethereum achieves real-time L1 block proof; Solmate surges 40% after $300M financing; Stable’s $825M pre-deposit raises insider concerns

Bitget2025/10/24 03:03
By:Bitget

Today's Preview

  1. Ten wallets linked to the actual controller of Stable Vault deposited 500 million USDT ahead of the official announcement.
  2. The Humanity (H) token will unlock approx. 62.5 million tokens (about 3.01% of current circulating supply, valued at $7.3 million) at 08:00 on October 25, 2025.
  3. The Aspecta (ASP) token will unlock 1.54 million tokens (worth about $1.54 million, accounting for 9.13% of its market cap) at 20:00 on October 24, 2025.

Macro & Hot Topics

  1. Ethereum co-founder Vitalik Buterin announced at the ETHShanghai 2025 Summit that Ethereum has achieved real-time L1 block proofs, and will focus on significant privacy and scalability improvements.
  2. Solana ecosystem company Solmate Infrastructure (SLMT) unveiled a bare-metal node and data center initiative, receiving $300 million PIPE funding and $50 million in discounted SOL support. The stock surged 40%.
  3. The U.S. Senate held a closed-door meeting with crypto executives to discuss legislation on decentralized finance (DeFi) regulation.
  4. At the 223rd Ethereum ACDE meeting: Glamsterdam proposal deadline set for October 30th; Fusaka mainnet confirmed for launch on December 3rd.

Market Updates

1.BTC rebounded above $110,000 in the past 4 hours; ETH fluctuated above $3,800. Around $13.26 million in liquidations occurred in the last 4 hours, primarily short positions.

2.All three major U.S. stock indices closed higher: Dow up 0.31%, Nasdaq up 0.89%, S&P 500 up 0.58%.

Bitget Daily Digest(October 24)|Ethereum achieves real-time L1 block proof; Solmate surges 40% after $300M financing; Stable’s $825M pre-deposit raises insider concerns image 0

3.Bitget BTC/USDT Liquidation Heatmap: Current price at $110,490 with concentrated long/short liquidations, but short pressure is easing. A breakout could trigger major short stop-losses and potentially a short-term rally. Caution advised due to volatility.

Bitget Daily Digest(October 24)|Ethereum achieves real-time L1 block proof; Solmate surges 40% after $300M financing; Stable’s $825M pre-deposit raises insider concerns image 1

4.In the past 24 hours, BTC spot inflow was $190 million, outflow was $169 million, net inflow: $21 million.

Bitget Daily Digest(October 24)|Ethereum achieves real-time L1 block proof; Solmate surges 40% after $300M financing; Stable’s $825M pre-deposit raises insider concerns image 2

5.Over the past 24 hours, contract trading in BTC, ETH, USDT, BNB, XRP showed net outflows, indicating potential trading opportunities.

Bitget Daily Digest(October 24)|Ethereum achieves real-time L1 block proof; Solmate surges 40% after $300M financing; Stable’s $825M pre-deposit raises insider concerns image 3

News Updates

  1. Blockchain.com obtained a MiCA license, enabling crypto services across all 30 European Economic Area countries.
  2. Proof company established a strategic partnership with Visa to introduce digital identity verification and crypto compliance tools.
  3. Russia's Ministry of Finance and Central Bank agreed to legalize cryptocurrency for international trade payments.
  4. Singapore launched the "BLOOM" initiative to develop AI + crypto-based Web3 financial infrastructure, promoting compliance and institutional adoption.

Project Developments

  1. Liechtenstein launched its sovereign blockchain: Liechtenstein Trust Integrity Network (LTIN).
  2. Kinetiq Foundation announced the launch of its governance token KNTQ, with TVL exceeding $1.6 billion.
  3. Clanker has joined the Farcaster ecosystem and initiated $CLANKER buyback and deflationary measures.
  4. Bitget CandyBomb launches a new project, CGN, with a 1 million CGN prize pool.
  5. An early UNI investor transferred another 2.5 million UNI to Wintermute, possibly indicating further token sell-offs.
  6. Cathie Wood disclosed an investment in Japanese Ethereum treasury company Quantum Solutions.
  7. Fireblocks completed the acquisition of Web3 ID solution company Dynamic, expanding on-chain developer tools.
  8. Tether made a strategic investment in African fintech platform Kotani Pay to support Web3 payments and cross-border expansion.
  9. The first phase of Stable’s advance deposit campaign quickly hit the $825 million cap, sparking community allegations of insider activity ("front-running").
 

Disclaimer: This report is AI-generated, with information verified by humans. This does not constitute investment advice.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.