GM20241030
1)Market Trends:
btc surges dramatically, approaching new highs, with $4 billion flowing into btc spot etf over the past 2 weeks.
The US stock Nasdaq and gold have both reached new highs. The market expects a 25 basis point rate cut in November. If Trump comes to power, subsequent rate cuts will be more aggressive.
2)Market Highlights:
1、The meme coins like doge and neiro have risen. Doge is currently the leading coin for Trump's trades on CEX, with the doge/btc exchange rate breaking weekly resistance. Musk remains shrewd; his previous Twitter acquisition was not for profit, but to prepare for the presidential campaign by controlling public opinion.
2、The new public chain Sui has risen. Sui remains the best-performing new public chain, aside from Sol, with a better chip structure.
3、The on-chain dog coin Luce has surged. Luce is the new year mascot designated by the Vatican Pope, recently launched with a moonshot, and has been the largest on-chain trading volume dog coin for two consecutive days.
4、The modular Tia will unlock $1 billion worth of tokens this week, which is 80% of the current circulation.