GM20241114

1) Market trend

BTC broke through a new high of 90,000 yuan, and the altcoins fell across the board. The main line of the market revolved around meme, and the on-chain native dog soared.

US stocks fluctuated. Inflation in October was in line with expectations, and there was a high probability that interest rates would continue to be cut by 25bp in December.

2) Market hot spots:

1. Meme's pnut, pepe, wif, etc. rose sharply. Pnut was called a symbol of saving the United States by Musk, and its market value rose 5 times in one day to 2.5 billion US dollars. Pepe and wif were listed on Coinbase. The USDT transaction volume of doge, pepe, and pnut on BN exceeded ETH.

2. On-chain native dogs Hippo, X, Luce, Ban, Fred, Fartcoin, etc. rose sharply. Hippo and X are new contracts opened by BN, and Hippo is a hippo imitation disk of Sui chain. Fred is a raccoon euthanized with Pnut.

3. Small coin agld rose and was listed on Korea's upbit.

4. The ETH Foundation announced the launch of ETH3.0 and officially abandoned L2. L2's Linea plans to issue coins in Q1 of 25 years. After this cycle, L2 will most likely return to zero.