World Gold Council: Global Gold Demand Hits Record High for a Single Quarter in the Third Quarter

On October 30th, according to an official announcement, Huobi HTX launched ENSO/USDT, OL/USDT, and PIGGY/USDT perpetual contracts on this day. The maximum leverage is 20 times. Simultaneously, Huobi HTX started the ENSO, OL, and PIGGY Contract Trading Party from 18:00 on October 30th to 18:00 on November 6th (UTC+8), with a total prize pool of up to $20,000. During the event, users who sign up and participate in ENSO/USDT, OL/USDT, and PIGGY/USDT contract trading, with a cumulative valid trading volume ≥$10,000 USDT, will be able to share the prize pool based on the trading volume ranking. New contract users participating in ENSO/USDT, OL/USDT, and PIGGY/USDT contract trading will also receive exclusive benefits.

On October 30th, the spot silver increased by 1.00% during the day. It is now trading at $48.03 per ounce. (Gold10)

On October 30th, based on Coingecko data, the market capitalization of USD stablecoins has reached $303.5 billion. This represents a substantial increase of approximately 50% compared to the beginning of the year when it was $202.8 billion. The total market capitalization of USDT is currently reported to be $188.4 billion, and the total market capitalization of USDC is reported to be $76.3 billion, ranking second.

October 30th: Analyst Murphy put up an article indicating that according to the cost basis of different holder groups (short-term, medium-term, and long-term holders), the cost basis lines of each group have been constantly going through a cycle of "expansion to contraction, then expansion again, and then contraction" over time. The expansion stage represents a strong trend, while the contraction stage indicates a weak trend. Between the expansion and contraction stages, there is a transitional period of "holder group cost reversal," which signals the end of a weak trend. Currently, the cost basis lines of each holder group are presenting a typical contraction pattern, and the costs of each group are converging. If BTC is still in a bull market cycle, then even if BTC is experiencing a weak trend (sideways consolidation), its price is likely approaching the bottom range of a corrective phase. This analysis is for educational purposes only and should not be regarded as investment advic

On October 30th, based on market data, there was a general increase in the pre-market trading of cryptocurrency-related stocks in the US. These included: Circle (CRCL), which rose by 1.07%; Coinbase (COIN), which rose by 0.4%; MicroStrategy (MSTR), which rose by 0.96%; MARA Holdings (MARA), which rose by 0.58%; Riot Blockchain (RIOT), which rose by 0.45%; Bit Digital Immersion (BMNR), which rose by 1.07%; and SharpLink Gaming (SBET), which rose by 0.29%.