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Decrypt 2024-10-08 08:27:29

Memecoins take off, funding stays low, China stocks keep on rising!

FOMO HOUR EP213. Memecoins take off, funding stays low, China stocks keep on rising!Many altcoins & memecoins soar despite stable BTC. Funding rates continue to be low or negative. Crypto funds saw $147m of outflows last week. BTC remains best performing major assets this year. SUI breaks into the top 20 coins again. TAO leads top 100 away from memes, sifu shorts. $100m bridge to SOL over the last 7 days. Metaplanet buys $6.7m more BTC. ETH proposal aims to improve throughput 50%. EIGEN, OP, APT lead token unlocks this week.

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