AI Memecoins Dominate the Crypto Narrative 🚀

The Essential Weekly Crypto Briefing ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌       [CoinMarketCap Logo](~/AAQRxQA~/RgRo_dXVP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPWttN3A5cjc0b2xzbVcDc3BjQgpnEtVQG2fQjnyJUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) 25 Oct 2024 08:00 UTC CMC Market Pulse: The Essential Weekly Crypto Briefing Welcome to this week’s CMC Market Pulse! We know how challenging it is to stay updated in crypto's fast-paced world, so we’re here to bring you the most crucial insights and trends—all under five minutes. Dive in for the straight facts on crypto markets, trends, and projects.   TLDR: - BTC Breaks Through Market Stagnation: Bitcoin saw a mild gain, while ETH suffered losses. What’s holding back further growth? 📈 - AI Memecoins Take Over: Goatse Maximus (GOAT) leads the way with a staggering 173% rise, ushering in a fresh meta around AI-powered memecoins. What’s next? 🤯 - Stripe Steps Into Stablecoins: Stripe acquires Bridge for $1.1B to accelerate stablecoin utility. 🌐   MARKET OVERVIEW 📈 [Bitcoin] Bitcoin $67,417.09 --------------------------------------------------------------- % CHANGE 7D ▼0.7% 30D ▲5.64% [Ethereum] Ethereum $2,479.02 --------------------------------------------------------------- % CHANGE 7D ▼5.84% 30D ▼5.49% The crypto market saw a weekend push, driven primarily by perpetuals. But Monday reversed those gains, leaving the Total Crypto Market Cap up by 1.01%, now at $2.438T. Bitcoin (BTC) held a modest 0.43% increase, while Ethereum (ETH) dropped 3.62% for the week. Here are the highlights: - Long Liquidations: Peaked at $203M on Wednesday. - Funding Rates: BTC at 12.69% and ETH at 9.60% across the week. Key events this week included: - Paul Tudor Jones is “long Gold” and “long Bitcoin,” citing inflation concerns. - Denmark is eyeing a crypto capital gains tax, mirroring Italy’s recent steps. - VanEck’s VSOL Product introduces staking for SOL, integrating rewards directly into the NAV. Why does it matter? Despite positive movement the week before, crypto markets continue to lag. Traditional equities also weakened, with the S&P 500 and Nasdaq down about 1.5%. Initial altcoin rallies lost steam as BTC reasserted dominance mid-week. [Read the full story!](~/AAQRxQA~/RgRo_dXVP0RvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY21jLW1hcmtldC1wdWxzZS1haS1tZW1lY29pbnMtZG9taW5hdGUtdGhlLW5hcnJhdGl2ZT9saWQ9NjB0Z2ZjaDBiNGVwVwNzcGNCCmcS1VAbZ9COfIlSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)   NARRATIVE OF THE WEEK 📰 The rise of Goatse Maximus (GOAT) catalyzed a new wave of AI-driven memecoins, especially on Solana. AI-powered accounts like Truth Terminal stirred the community by behaving almost too “human-like” in tweets, sparking discussions around AI in crypto. - Truth Terminal’s interaction with Brian Armstrong had the community questioning if it’s truly an AI. - Marc Andreesen from a16z discusses Truth Terminal, GOAT token, and AI’s role in crypto. - The GOAT token sees multiple perpetual listings on exchanges like OKX, Bybit, Hyperliquid, and Binance. Why does it matter? AI is this cycle’s hot topic. GOAT’s meteoric rise (over $940M valuation in two weeks) and its listing on major centralized exchanges marks a new milestone for AI-based tokens. [Read the full story!](~/AAQRxQA~/RgRo_dXVP0RvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY21jLW1hcmtldC1wdWxzZS1haS1tZW1lY29pbnMtZG9taW5hdGUtdGhlLW5hcnJhdGl2ZT9saWQ9MDU1NzRxZWJ2ZW92VwNzcGNCCmcS1VAbZ9COfIlSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)   MAJOR PROJECT UPDATES 🗓️ - Stripe Acquires Bridge: The $1.1B acquisition underscores Stripe’s dedication to stablecoin adoption. - Worldcoin Rebrands to ‘World’ and launches an L2 chain on the OP stack. - ApeCoin Launches ApeChain for native yield. - Dymension’s Initial RollApp Offerings (IROs) enable token-to-blockchain evolution, seeding liquidity on its DEX. - Kraken’s L2 Blockchain ‘Ink’ aims to power a cohesive DeFi ecosystem. Why does it matter? Stripe’s acquisition signals a new wave of stablecoin utility for global payments, bridging crypto with traditional finance rails. These strategic moves mark significant growth toward mainstream crypto adoption. [Read the full story!](~/AAQRxQA~/RgRo_dXVP0RvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY21jLW1hcmtldC1wdWxzZS1haS1tZW1lY29pbnMtZG9taW5hdGUtdGhlLW5hcnJhdGl2ZT9saWQ9Y2JyMW9va2R6bnZlVwNzcGNCCmcS1VAbZ9COfIlSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)   DEFI BRIEF 🏦 [DeFi TVL ](~/AAQRxQA~/RgRo_dXVP0RvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY21jLW1hcmtldC1wdWxzZS1haS1tZW1lY29pbnMtZG9taW5hdGUtdGhlLW5hcnJhdGl2ZT9saWQ9YXIxYWY2NnR0aTB5VwNzcGNCCmcS1VAbZ9COfIlSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) - MakerDAO’s Rebrand Faces Backlash: Community preference for the MakerDAO brand persists over “Sky,” with confusion over new tokens. - Uniswap’s Permissionless Bridging across nine chains, powered by Across Protocol. - Elixir targets October 31 for mainnet launch, with a phased testing approach. - Azura is live, supporting trading across major EVM chains and Solana. - Tapioca DAO suffers an attack, losing 591 ETH and 2.8M USDC. Why does it matter? MakerDAO’s rebranding missteps reflect community sentiment toward decentralization and tradition. Meanwhile, Uniswap’s expanded bridging and Azura’s on-chain trading add critical infrastructure to DeFi’s evolving landscape. [Read the full story!](~/AAQRxQA~/RgRo_dXVP0RvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY21jLW1hcmtldC1wdWxzZS1haS1tZW1lY29pbnMtZG9taW5hdGUtdGhlLW5hcnJhdGl2ZT9saWQ9MWNoMGJvamJpOWl3VwNzcGNCCmcS1VAbZ9COfIlSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)   MEME COINS 🚀 Price 24H% [Dogecoin] [Dogecoin](~/AAQRxQA~/RgRo_dXVP0QuaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2RvZ2Vjb2luL1cDc3BjQgpnEtVQG2fQjnyJUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) $0.14 ▼0.17% [Shiba Inu] [Shiba Inu](~/AAQRxQA~/RgRo_dXVP0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3NoaWJhLWludS9XA3NwY0IKZxLVUBtn0I58iVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) $0.0 ▼0.3% [Pepe] [Pepe](~/AAQRxQA~/RgRo_dXVP0QqaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3BlcGUvVwNzcGNCCmcS1VAbZ9COfIlSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) $0.0 ▼2.82% [dogwifhat] [dogwifhat](~/AAQRxQA~/RgRo_dXVP0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2RvZ3dpZmhhdC9XA3NwY0IKZxLVUBtn0I58iVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) $2.47 ▼1.38% [Bonk] [Bonk](~/AAQRxQA~/RgRo_dXVP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2JvbmsxL1cDc3BjQgpnEtVQG2fQjnyJUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) $0.0 ▼1.32% - Pump.fun Launches ‘Pump Advanced’: A trading terminal for memecoins, offering zero fees and essential analytics. - Solana’s gm.ai Debuts ‘PaperHands’: A tool showing traders how much they could’ve profited by holding past trades.   VC FUNDRAISES AND AIRDROPS 💰 - Fundraising Rounds: B² Network, Karpatkey, Borderless.xyz, Variational, Azura, Party Icons all announce new funding from major venture players. - Airdrops Galore: Scroll and Grass announce token allocations and claim portals, while Elixir preps for the upcoming ELX launch. Capital inflows remain strong, suggesting VC confidence in Layer-2 chains, DeFi, and the growing meme token market. Airdrops continue to engage and incentivize user communities. [Check out the full list of fundraisers and airdrops here.](~/AAQRxQA~/RgRo_dXVP0RvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY21jLW1hcmtldC1wdWxzZS1haS1tZW1lY29pbnMtZG9taW5hdGUtdGhlLW5hcnJhdGl2ZT9saWQ9cXRtd2VpM3l3YnNiVwNzcGNCCmcS1VAbZ9COfIlSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)   TWEET OF THE WEEK 📝 [Tweet of the week] Sometimes, the memes just write themselves.   Thank you for reading this week’s edition of CMC Market Pulse. Stay informed, stay secure, and we’ll see you next week for more insights!   [Apple Store](~/AAQRxQA~/RgRo_dXVP0Q6aHR0cHM6Ly9hcHBzLmFwcGxlLmNvbS9hcHAvY29pbm1hcmtldGNhcC9pZDEyODIxMDcwOTg_bHM9MVcDc3BjQgpnEtVQG2fQjnyJUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Google Play](~/AAQRxQA~/RgRo_dXVP0RQaHR0cHM6Ly9wbGF5Lmdvb2dsZS5jb20vc3RvcmUvYXBwcy9kZXRhaWxzP2lkPWNvbS5jb2lubWFya2V0Y2FwLmFuZHJvaWQmaGw9ZW5fVVNXA3NwY0IKZxLVUBtn0I58iVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [Twitter](~/AAQRxQA~/RgRo_dXVP0QyaHR0cHM6Ly90d2l0dGVyLmNvbS9Db2luTWFya2V0Q2FwP2xpZD02aDAxN3NjOTQzb2VXA3NwY0IKZxLVUBtn0I58iVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [Telegram](~/AAQRxQA~/RgRo_dXVP0QraHR0cHM6Ly90Lm1lL0NvaW5NYXJrZXRDYXA_bGlkPTg5YTlxeWdxa3RiM1cDc3BjQgpnEtVQG2fQjnyJUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Facebook](~/AAQRxQA~/RgRo_dXVP0Q3aHR0cHM6Ly93d3cuZmFjZWJvb2suY29tL0NvaW5NYXJrZXRDYXA_bGlkPThqZmx3ZWRrdnF6d1cDc3BjQgpnEtVQG2fQjnyJUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Instagram](~/AAQRxQA~/RgRo_dXVP0Q5aHR0cHM6Ly93d3cuaW5zdGFncmFtLmNvbS9jb2lubWFya2V0Y2FwLz9saWQ9bmpjNGc4NDIzNHpzVwNzcGNCCmcS1VAbZ9COfIlSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [LinkedIn](~/AAQRxQA~/RgRo_dXVP0RAaHR0cHM6Ly93d3cubGlua2VkaW4uY29tL2NvbXBhbnkvY29pbm1hcmtldGNhcC8_bGlkPWpvOGV2eHFjamM5NlcDc3BjQgpnEtVQG2fQjnyJUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) DISCLAIMER: Please be aware that CoinMarketCap is NOT a cryptocurrency exchange and does NOT facilitate the buying, selling, withdrawal or trading of crypto/token assets. 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