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The SPX index was down by 0.02% as investors are focusing on upcoming earnings reports and central bank updates, while markets remain cautious ahead of the November election and Federal Reserve meeting. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 0.34%, with Bitcoin and Ether dropping by 1.40% and 0.81%, respectively in the past 24 hours.
Today's top performer is TOMI, which surged 28.0% following the Tomi AMA highlights on Web3 search, product updates, and the vision for a decentralized internet.
tomiNet (TOMI), launched in 2023, is a decentralized internet network offering a private, censorship-free browsing experience with a decentralized browser and DNS. It operates through a decentralized autonomous organization (tomiDAO) where users vote anonymously on content management, blending Web 2.0 and Ethereum's Web3 technologies. Tomi’s AMA highlighted a partnership with Web3 Compass to improve Web3 search. Key updates include tomi Wallet 2.0, decentralized storage, a VPN, and AI integration via PAAL AI. The team explained their tokenomics and focus on partnerships, aiming to build a secure, user-friendly decentralized internet.
Vitalik Buterin outlined his vision for Ethereum’s future in a blog post detailing “The Surge” roadmap, aiming to boost the blockchain's capacity to over 100,000 transactions per second (TPS) through layer-2 scaling solutions while maintaining decentralization and security. The roadmap focuses on merging sharding and layer-2 protocols, with rollups processing most transactions off-chain to enhance efficiency. Buterin emphasized the importance of balancing the scalability trilemma—decentralization, scalability, and security—while ensuring that layer-2 solutions inherit Ethereum's core principles. He also mentioned recent advancements like EIP-4844 data blobs to improve data handling. The next major upgrade, Pectra, is set for early 2025, enhancing scalability and staking rewards.
Category | Flow (millions) |
GBTC | 45.7 |
Non-GBTC | 115.8 |
Total | 161.5 |
Yesterday, the total flow for BTC Spot ETFs is $161.5 million, with $45.7 million from GBTC and $115.8 million from non-GBTC sources.
deBridge launched its governance token, DBR, with an airdrop to 491,286 wallets. The token, based on Solana, has an initial circulation of 1.8 billion out of a 10 billion max supply. Recipients can claim 50% at TGE, the other half after six months, or 80% upfront with a 20% penalty. Trading began at $0.03, targeting a $300M fully diluted valuation. Strategic partners' tokens are locked for six months post-TGE, with quarterly vesting over three years. DBR will enable governance voting, and future staking features are planned. deBridge has facilitated $3.3B in bridged volume across networks like Solana and Ethereum.