Selected News Highlights

1. The Sui ecosystem Meme token launch platform Turbos.Fun officially launched, with over 560 projects launched within 6 hours.

2. Analysis: Bitcoin premium on Coinbase has turned positive, indicating rising demand for Bitcoin among U.S. investors.

3. The Federal Reserve cut interest rates by 25 basis points as expected, abandoning the 'more confident' statement.

4. Binance will launch 1,000,000 MOGUSDT perpetual contracts, with a maximum leverage of 75 times.

5. Republican SEC Commissioner Uyeda: The SEC's responsibility in 2025 is to end the Biden administration's 'cryptocurrency war.'

Articles & Threads

1. ($40 million helped the Republican Party secure the Senate, the crypto industry has bought half of Congress in this election.)

shushu

On November 6, according to data from the Stand With Crypto website initiated by Coinbase, a total of 247 candidates supporting cryptocurrency won House seats, while only 113 members opposed cryptocurrency. The Stand With Crypto website also shows that the Senate tends to support cryptocurrency, with 15 supporters and 10 opponents.

2. (Analysis of the counterintuitive phenomenon of the FOMC meeting tomorrow evening, why did bond yields rebound after the rate cut?)

Dr_Gingerballs

In the current environment, a Fed interest rate cut will lead to a decline in short-term rates, but due to the large scale of debt and deficits, the market demands higher yields on long-term government bonds to maintain portfolio balance. Additionally, the operations of the Fed and the Treasury will invisibly transfer public wealth to asset holders, and economic recession will exacerbate this issue.

3. (ArkStream Capital: The Meme craze has become a new battlefield for VCs, opportunity or trap?)

Ray, ArkStream Capital

In 2024, the industry and market are undergoing a drastic reshuffle. Against the backdrop of many VC-backed projects performing poorly upon launch, Meme has risen against the tide, becoming a new force that cannot be ignored. The rise of the PvP model, the wealth effect brought by single-coin critical hits, and the Meme-friendly Solana have all shown unique brilliance this year. However, behind this Meme craze, what changes has Meme actually experienced? From the perspective of VCs, how should we participate? These questions are worth our in-depth exploration.

24H Hot Projects (‼️ High Rug Risk ‼️)

Daily new project or community focus dynamics, filtered and ranked by X Alpha account followers and growth.

Data Source: getmoni.io

BlockBeats note: The following are all early projects with relatively few followers, high Rug and contract risks, participation should be cautious, not investment advice.

1. dreamcoins (@dreamcoinswow)

The meme token that will be launched today, engraved using the wow tool deployed on the base chain.

2. OpenServ (@openservai)

Today's launch of the eponymous token as a center for people to find, manage, and hire AI agents.

3.wow (@wow)

Meme coin launch platform on Base.

Market Data

Daily overall market funding heat (reflected by funding rates) and token unlock.

Data Source: Coinglass, TokenUnlocks

Funding Rate

Token Unlock

No token unlock in the past 24 hours.