【November 8】Bitget Daily Morning Report

News Updates

1. Federal Reserve cuts interest rates by 25 basis points

2. Federal Reserve: Inflation has made 'progress' towards the 2% target but remains at a high level

3. UK House of Lords supports digital asset property legislation

4. SEC attempts to dismiss Kraken's three main defenses in US lawsuit

5. French regulators scrutinize Polymarket

Market Highlights

1. Federal Reserve cuts interest rates by 25 basis points, in line with market expectations; ETH/BTC exchange rate shows a strong rebound; pay attention to the ETH ecosystem and leading tokens in various sectors for further gains

2. Bitget Wallet data shows that the current popular MEME for market speculation is Squirrel Peanut $PNUT, AI MEME concept $GOAT, and BOME artist concept $SMR, which can align with capital synergy to explore potential projects

3. Layer1 $SUI native currency rises, ecosystem projects on top exchanges, launching Meme token launch platform Turbos.Fun; similar concept $APT staking rates and TVL growth are at the forefront; focus on native currency and ecosystem project opportunities

4. Hyperliquid's share of Perp DEX trading volume has been continuously rising since May, reaching a peak in October; wealth effect tokens like $SYLVI and $YEETI can be observed for popular memecoins on Hyperliquid

Market Trends

1. BTC stabilizes at a high level, ETH rises, market conditions are very favorable, new coin $GRASS performs strongly

2. S&P 500 and NASDAQ hit new highs, US bonds rebound, offshore RMB rises by 550 points breaking 7.15 yuan, gold surges

3. In the Bitget BTC/USDT liquidation map, based on the current 76084 USDT, if it drops by 1000 points to around 75084, the total liquidation amount for long positions exceeds $800 million. If it rises by 1000 points to around 77084, the total liquidation amount for short positions exceeds $680 million. The liquidation amounts for both long and short positions are close; it is recommended to reasonably control leverage ratios to avoid triggering large-scale liquidations during market fluctuations.

4. In the past 24 hours, BTC spot inflows were $3.93 billion, outflows were $3.81 billion, with a net inflow of $120 million

5. In the past 24 hours, contract trading net inflows for $SOL, $ENA, $ADA, $PEPE, and $DOT lead, indicating potential trading opportunities.