Base Meme Coin "Base Life" Market Cap Surpasses $9 Million, Surging 300% in 1 Hour

On October 21st, as per the monitoring of LookOnChain, a whale/institutional address this evening transferred a total of 610 million USDC to Aave through 3 addresses. It then borrowed 66,000 ETH (approximately $265 million) and deposited it into Binance.

On October 21st, based on market data, the US stock market continued to rise. The Dow increased by 1%, the S&P 500 rose by 1.09%, and the Nasdaq went up by 1.47%. (FX168)

On October 21st, Bank of America declared that the risk of the Fed's balance sheet reduction in October has grown. The economists at Wrightson ICAP pointed out signs of funding stress in the repurchase market, which may lead the Fed to announce at next week's rate decision that it will no longer continue to reduce its bond holdings. Fed Chair Powell hinted earlier this month that he is awaiting the appropriate time to end the balance sheet reduction, and last week's slight turmoil in the repurchase market may be a crucial signal. The institution also anticipates that the Fed will start purchasing Treasury bonds to offset the maturing mortgage-backed securities, thereby maintaining the overall balance sheet size. In summary, as the Fed transitions to a neutral policy stance, the market's monthly supply of short-term government bonds may decrease by approximately $20 billion. (FXStreet)

On October 21st, based on the GMGN market data, the price of "Binance Life" dropped by approximately 20% from the high of $0.44 this evening to currently trade at $0.361, with a market capitalization of $361 million.
BlockBeats Notes: Meme coins witness significant price volatility, which is often driven by market sentiment and the hype surrounding a concept and does not have real value or a use case. Investors should be aware of the risks involved.

On October 21st, based on HTX market data, due to the influence of Trump's speech where he once again brought up high tariffs, Bitcoin dropped below $111,000 and reached a low of $110,579. It is currently trading at $110,739.
This evening, as Bitcoin neared the high of $111,705, Trump once more brought up the topic of high tariffs.

On October 21st, according to official information, Coinbase is set to launch Nomina (NOM) perpetual contract trading on October 21, 2025. Provided that liquidity requirements are fulfilled, the NOM-PERP market will commence trading in the supported regions at 9:30 AM Coordinated Universal Time or thereafter.