Token | Trading Volume 【DOGE】5.44 billion 【WLD】948.14 million 【ENA】444.77 million 【VANA】10.37 million 【ETH】22.11 billion 【AVAX】1.06 billion 【MINA】9.67 million 【POL】93.61 million 【AI16Z】72.42 million 【BTC】23.93 billion

According to an interview video released by Delphi Digital, Pump.fun co-founder Noah (@sapijiju) stated that the team experienced nine failed attempts before successfully launching Pump.fun, including an NFT launch platform, an NFT AMM, tokenized creator financing, an auditor profit mechanism, and a FriendTech fork, all of which failed. Lacking large-scale financing, the team relied on a small number of angel investors for support, and it wasn't until the ninth attempt that they seized the market opportunity with Pump.fun. He also pointed out that Pump.fun's design actually incorporates elements of previously failed products. Noah also criticized the current lack of truly successful companies in the crypto industry, calling Coinbase a "failed company," and arguing that its founder Brian Armstrong's contribution was solely in commercializing Bitcoin wallets.

According to Odaily, Dora Factory's decentralized governance blockchain, Dora Vota, has completed its third mainnet delegation staking program. Currently, the network has 25 professional validators, distributed across diverse geographic regions and with diverse professional backgrounds. The number of staked tokens in the Dora Vota network has increased to 5.5% of the maximum supply. Most validators provide additional infrastructure services, including IBC channels, full node services, snapshot services, and block explorers. This marks the initial decentralization of the Dora Vota mainnet. It is reported that Dora Vota aims to become a timestamped database of ideas, opinions, governance, and consciousness—the DAO computer—for both the crypto and real worlds.

CoinVoice has recently learned that, according to The Defiant, Coinbase Institutional's September "Monthly Outlook" report shows that digital asset treasury companies (DATs) have transitioned from an early phase of easy profits to a more competitive period. With the increase in the number of DATs this year and the rise in regulatory constraints and execution risks, the scarcity premium that benefited from early gains has faded, and the market capitalization/net asset value (mNAV) ratio of these companies has compressed. Only participants with strategic discipline and execution capabilities are likely to survive. According to third-party data, among the 17 publicly traded companies holding ETH, four, including SharpLink and The Ether Machine, have negative mNAV (market capitalization is less than the value of their crypto holdings). Furthermore, Galaxy Digital has previously warned that the rush of companies to significantly add crypto to their balance sheets could exacerbate market vulnerabilities.

According to SoSoValue data, all sectors of the crypto market experienced a correction. Bitcoin (BTC) fell 0.49% over the past 24 hours, briefly falling below $115,000. Ethereum (ETH) dropped 1.01%, briefly falling below $4,600 after breaking through $4,700. Furthermore, the GameFi sector led the decline, with a 3.03% drop. Within the sector, ImmutableX (IMX) saw a slight increase of 0.90%, but Four (FORM) plummeted 12.71%. In other sectors, the CeFi sector fell 0.74% over the past 24 hours, with Hyperliquid (HYPE) down 2.52%. The Layer 2 sector fell 1.48%, but Mantle (MNT) remained relatively resilient, rising 0.65%. The Layer 1 sector fell 1.50%, with Solana (SOL) and Cardano (ADA) down 2.24% and 3.89%, respectively. The PayFi sector fell 1.82%, while Monero (XMR) rose 4.44%. The DeFi sector fell 2.21%, while Uniswap (UNI) rose 6.40%. The Meme sector fell 2.85%, while MemeCore (M) and Pump.fun (PUMP) rose 1.15% and 1.66%, respectively. Crypto sector indices, which reflect historical market trends, show that the ssiMeme, ssiNFT, and ssiAI indices fell 2.95%, 2.59%, and 2.36%, respectively.