$ETH

1. On-chain trends are showing divergence. $UBC has emerged as a standout in the AI meme sector after AI entrepreneur Lester Paints launched the token on pump.fun, briefly pushing its market cap past $100 million. Meanwhile, memecoins like $1 and TikTok-driven favorites such as $CHILLGUY are gaining significant traction.



2. A U.S. court ruled that the U.S. Treasury Department's sanctions on Tornado Cash smart contracts were unlawful, causing $TORN to spike tenfold at one point. Meanwhile, $THE, a newly listed coin on Bitget, surged over 300%, showcasing its strong wealth-effect potential.



3. Bitwise has submitted an application for a cryptocurrency index ETF to the U.S. SEC, consisting of $SOL, $XRP, $ADA, and seven other tokens. Valour launched the first Dogecoin ETP in the Nordic region, while Chinese firm SOS announced a $50 million Bitcoin purchase, driving its stock price up by 98%.



4. The U.S. real GDP grew at an annual rate of 2.8% in Q3 2024, in line with expectations and unchanged from previous estimates. The data had a neutral impact on the market. The core PCE price index for Q3 has been adjusted to 2.1%, lower than the expected 2.2%, indicating easing inflationary pressures, which supports increased risk-taking in the market.