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Gate Research Daily Report: October 23, Bitcoin (BTC) rose slightly by 0.08%, now trading at $67,224, while Ethereum (ETH) dropped 0.81% to $2,617. On October 22, U.S. Bitcoin spot ETFs saw a total net outflow of $79.09 million, while Ethereum spot ETFs recorded a net inflow of $11.94 million. Solana's Total Value Locked (TVL) recently reached $6.603 billion, its highest point since January 2022. Bitcoin mining difficulty increased by 3.94% to 95.67 T, with the average network hash rate at 706.03 EH/s. Movement Labs partnered with the ERC-3643 Association to promote compliant real-world asset tokenization (RWA). Over the last 24 hours, three projects announced funding, raising over $15.9 million in total.

Instead of adapting existing services for crypto, traditional companies are creating blockchain-native products, with at least 55 innovating on public chains like Ethereum and its L2s (Polygon, Arbitrum, Base).

friend.tech offers an interesting concept in the SocialFi platform space, allowing users to invest in their friends by purchasing social tokens or keys that grant access to exclusive content, private chat rooms and clubs, mainly targeted at users and their Corresponding influencers to follow. The pricing mechanism for these keys is complex, with the purchase price increasing exponentially as supply and quantity increase, while comparing information on its competitors and analyzing data such as token economics.

IX Swap is a real-world asset tokenization launch platform and decentralized exchange that enables the trading of security tokens through licensed custodians and broker-dealers. Its goal is to democratize investment opportunities in private markets and address liquidity challenges in the tokenization industry. By bridging traditional finance and decentralized markets, IX Swap complements the efforts of large institutions while expanding access to public blockchain technology.

This report discusses the application and potential of fund tokenization (the digitalization of fund ownership based on blockchain technology) in the asset management field. Through tokenization, funds can enhance transaction transparency, reduce costs, simplify operations, and provide investors with lower investment thresholds. With the widespread adoption of on-chain currencies (such as stablecoins and central bank digital currencies), fund tokenization is expected to experience rapid development in the next 12 to 18 months, with a potential market size reaching trillions of dollars.

When novices participate in cryptocurrency contract trading, it is essential to have a deep understanding of the basic knowledge of various contracts, clearly distinguish the characteristics and differences between perpetual contracts and delivery contracts, and make appropriate choices based on their own investment goals and risk preferences. At the trading strategy level, a long-term investment strategy requires precise selection of cryptocurrencies with potential and proficient use of phased opening techniques to reduce costs and risks; short-term trading strategies require clever use of technical indicators, close attention to market hotspots, and seizing fleeting trading opportunities. The most important thing is to pay attention to position management and risk management, so as to achieve stable and long-term profits in the market.