Market Trends

BTC is fluctuating and declining, while ETH ETF inflows reach a new high this week. The market focuses on old coins rather than new ones, with old altcoins rising and new coins falling.

U.S. stocks are down. The U.S. November industrial inflation PPI exceeded expectations, and the market is betting on a pause in interest rate cuts in January, with rate hikes possibly postponed until March next year.

Market Highlights:

1. The public chain ETH is rising, with DeFi projects LINK, AAVE, COW, and LDO experiencing significant gains. The Trump family is using the COW protocol to buy ETH, LINK, and AAVE. LDO has submitted a trust application to Grayscale. This round of gains for DeFi projects is mainly related to U.S. politics and compliance narratives.

2. The payment sector, including AVA and UTK, has surged. AVA is a travel crypto payment platform, an old coin from 2017. CZ announced pre-pandemic investments, with annual revenue reaching $100 million.

3. On-chain AI memes such as GOAT, VIRTUAL, and FARTCOIN are rising. GOAT is fine. On-chain DeSci project URO has surged, with a market cap exceeding RIF. The new DeFi coin HYPE has reached a market cap of $18 billion.

4. The BN new coin sector is leading the decline, including ME, MOVE, USUAL, ORCA, ACX, etc. The drop in USUAL is due to the end of pre-market trading, which will significantly increase supply.