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No results1Bitget Daily Digest（October 14）｜After tariff panic, TACO trading resurfaces; UK plans major tax cuts and advocates for the central bank to hold Bitcoin; multiple tokens set for large unlocks in the ne2Whales sell $4.2 billion worth of bitcoin, mysterious Chinese figure Garrett Jin caught in public controversy3Bitcoin Spot ETF Volume Hits $1B in 10 Minutes
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- 06:51Garrett Jin: Trading platforms and stablecoins extract tens of billions of dollars from the market every year without any capital flowing back inJinse Finance reported that Garrett Jin, the whale who accurately shorted before the previous crash and publicly sold over $4.23 billions worth of BTC to switch positions to ETH, stated: The biggest problem in the crypto space is that most projects have no cash flow. In contrast, TikTok's sale price in the United States was $14 billions, while many crypto projects with no cash flow are valued at tens of billions of dollars. This causes capital to be diverted away from core assets like bitcoin and ethereum. Meanwhile, trading platforms and stablecoins extract tens of billions of dollars in profits from the entire industry every year, but do not reinvest healthy capital back into the market. As a result, the market lacks liquidity and upward momentum.
- 06:22Ethstorage announces official mainnet launchAccording to ChainCatcher, the Layer2 solution EthStorage, which provides programmable dynamic storage, announced on October 14 that its mainnet has officially launched. EthStorage brings PB-level, verifiable storage capabilities to Ethereum, making long-term, on-chain data preservation feasible and cost-controllable. This launch marks a key breakthrough in Ethereum's modular roadmap: after having the computation layer (L2 Rollups) and consensus layer (Ethereum L1), a decentralized storage layer has now been added, unlocking Web2-level scale and Web3-level security for the next generation of Web3 applications.
- 06:12Farcaster launches deposit reward campaignForesight News reported that the decentralized social protocol Farcaster has launched a deposit reward campaign. Users who deposit USDC on Base will receive a 10% reward, paid weekly (1% per week, for 10 weeks). In addition, deposits on Base must be made in USDC, and any USDC transferred or exchanged within a week will not generate rewards. The USDC balance must be higher than today's balance to start earning, and the maximum USDC reward per account is $500. The official statement notes that rewards will only be paid to legitimate accounts that clearly belong to individuals.