Market Overview:
The price of $BTC continues to rise, setting a new historical high. Current market focus is on meme coins and the AI sector, with emerging memes like Dog, Goat, and Hippo leading the upward trend.
The US stock market is also performing excellently, reaching new highs. The Federal Reserve is expected to cut interest rates by 25 basis points in November, but due to inflation pressures potentially triggered by Trump’s policies, market expectations for rate cuts before 2025 have dropped to 60 basis points.
Market Hotspot Tracking:
1. The meme coin market is booming, with significant increases in coins such as Neiro, Goat, and Moodeng, among which Neiro has set a historical high. The BNB exchange has launched the Mog contract for meme coins, further igniting market enthusiasm. On the blockchain, new meme coins continue to show strong momentum, with Doge, Fartcoin, and others reaching new peaks, resulting in significant wealth effects.
2. The AI sector is also performing well, with coins like Grass and AR rising, among which Grass continues to refresh its historical high.
3. In the public chain market, the two major public chains, Sol and Sui, have seen price increases, with Sol approaching its historical high and Sui setting a new high. Additionally, top decentralized exchanges (DEX) within the Sol and Sui ecosystems, such as Ray and Cetus, are also showing upward trends. The performance of DEX is closely related to the leverage effect of their respective public chains. Notably, the BNB exchange has launched the Cetus contract on the Sui chain, which is performing stronger compared to the Cow on the ETH chain.
4. The staking sector has also seen a rebound, with price increases in coins like JTO, Eigen, SD, LBR, and Pstake. Although market regulation has slightly relaxed policies on re-staking, the overall impact remains limited.
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