LIVE20240513【Navigator Chinese Community Newsletter】
1) The general trend:
Bitcoin prices fluctuate, spot ETF funds flow out, and market focus is scarce. The US stock market climbed, and investors focused on the 15th CPI data to be released soon.
2) Market focus at a glance:
- MEME leader PEPE and AI leader AR performed strongly, closing positive for the fourth consecutive week. Large investor whales entered PEPE.
- GMX prices in the DEFI field rose. The contract trading platform GMX migrated to the SOL chain, and the DEX trading volume on the SOL chain exceeded the sum of the five major chains including ETH, BSC, ARB, OP, and BASE.
- The value of Trump-supported MEME coins MAGA and DONAD TREMP soared. MAGA's market value reached US$400 million, ranking among the top 200 in market value.
- The re-staking project EigenLayer will be available soon, and the over-the-counter futures price indicates that the market value may reach US$12 billion, and it is expected to start trading at the end of September. Staking Eigen to the Puffer node can also earn Puffer points.
- BUNCEBIT is launched today on BN's MegaDrop platform. BB is a BTC re-pledge protocol, and plans to implement a futures-to-cash arbitrage algorithmic stabilization strategy similar to ETHNA in the future. BB's TVL is $1 billion, with a total issuance of 2.1 billion, and the market expects its market value to be about $2 billion. As early as three months ago in the February VC round of financing, its valuation was only about $60 million.
The above is today's market dynamics, concise and clear, I hope it will be helpful to you.
