2024.11.22. Morning Report——

1) Market Trend: BTC surged close to 100,000. Altcoins followed with ETH rebounding, but this round of altcoins generally underperformed BTC by about 60%. The SEC chairman will resign at the end of January. U.S. stocks rose, and MicroStrategy faced a short attack leading to a sharp decline.

2) Market Highlights:

1. Public Chain ETH saw a rebound, with ecosystems such as OP, SCR, ETHFI, ANON, etc. following suit. BTC's major altcoins ETH and BCH also recently rebounded, with funds starting to overflow. ANON is a social protocol on the Base chain, which surged fivefold in one day.

2. Public Chain SOL soared to a new high, with ecosystems like JTO and RAY following. The SOL ETF application has made progress. SOL's competitor, public chain SUI, suffered a two-hour outage yesterday.

3. Platform Token FTT surged, as the FTX exchange will begin repaying debts at the start of 2025.

4. On-chain tokens like ZEREBRO, BULLY, and PROJECT89 surged. All three are AI-related, with ZEREBRO being an AI NFT that reached a market cap of 400 million USD; BULLY is an AI training model for generating characters, funded by ACT; PROJECT89 is an AI-enhanced virtual reality game.