1) Market Trends:
Bitcoin (BTC) is rising strongly, approaching new highs, with $4 billion in inflows for BTC spot ETFs over the past two weeks. The Nasdaq index and gold prices in the US have both reached new highs. The market generally expects a 25 basis point rate cut in November. If Trump returns to power, subsequent rate cuts may be even more aggressive.
2) Market Highlights:
-- Meme Coins: Doge, Neiro, and others are performing well. Doge is currently the main coin related to Trump on exchanges, and the Doge/BTC weekly exchange rate has broken through. Musk remains exceptionally clever; his purpose in buying Twitter is not profit, but to control public opinion for Trump's campaign.
-- New Public Chain Sui: Sui is rising, with fundamentals second only to Solana, making it the best-performing new public chain at this stage, with a relatively favorable chip structure.
-- On-chain Dog Coin Luce: Luce has surged significantly, becoming the designated New Year mascot by the Pope of the Vatican, skyrocketing right after its launch, with two consecutive days of on-chain trading volume being the highest among dog coins.
-- Modular Tia: This week, tokens worth $1 billion will be unlocked, accounting for 80% of the current circulation.
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