Crypto Daily Report * Important Information Not to Miss Every Day * December 6, 2024

1. Avoid playing contracts in a bull market. Last night, Bitcoin crashed from around 104,000 directly down to about 90,000, a drop of over 10,000 dollars, primarily clearing out leveraged long positions. It's easy to make money in a bull market, but if your risk awareness is weak, it's even easier to lose money.

2. Bitcoin's flash crash did not affect altcoins, which is a clear sign that the altcoin bull market has truly arrived. For assets you are optimistic about, be proactive in chasing the rise, but learn to take profits; otherwise, it's easy to get caught at the peak.

3. OpenAI will conduct a 12-day live streaming event, which will drive the entire AI sector. So pay special attention to AI-related memes and leading AI projects, such as $ACT $goat $ai16z $AVA $zerebro $virtual, etc. For CEX, you can pay attention to $fet $wld, and there are just too many options. However, I still prefer on-chain AI concepts.

4. A list of cryptocurrency projects invested by David O. Sacks, the new White House AI and cryptocurrency head, and his venture capital firm Craft Ventures: dYdX, Lightning Labs, River Financial, Kresus, Set Protocol, FOLD, Harbor, Handshake, Voltage, Galy, Lumina, Rare Bits.

This round mainly focuses on compliance in the U.S. and the meme sector, which has seen significant gains. Apart from dydx, the new head also expressed a liking for $ZRX and seems to favor the Lightning Network, so I estimate that the Bitcoin Lightning Network will make good progress next year. Perhaps the development of the Bitcoin ecosystem will rely on the Lightning Network to drive it forward next year.

5. BlackRock's IBIT has seen an influx of 2.5 billion dollars in the past 5 days, surpassing all ETFs in the market. Yesterday, the U.S. spot Ethereum ETF saw a net inflow of 434.64 million dollars.

6. Pudgy Penguins launched its native token PENGU, based on the Solana network.

7. On the public chain side, $sui is very strong. Meanwhile, we see that the ecosystem has seen Binance's token $cetus also perform well, which is the most basic logic.

8. #defi sector $ENS broke through 1 dollar. We mentioned this coin a long time ago, and if everyone kept up, there would also be good returns. Currently, strong coins in the DeFi sector include: uni, aave, ena, mkr, crv, link, etc.