December 16 Crypto Market Dynamics Overview

1) Market Trends

BTC continues to rise to a new high, standing firmly at the $100,000 mark. Funds are becoming more solid, exchanges are speculating on Trump's narrative of DeFi, and on-chain is promoting the narrative of AIAgent.

US stocks fluctuate, and MicroStrategy enters the Nasdaq.

2) Market Hotspots:

1. DeFi's COW and ENA have risen sharply. The Trump family used COW to buy ENA and ONDO, and Trump shouted that his single force exceeded Musk.

2. Public chains FTM and SUI rose. FTM will be listed on the second-generation mainnet Sonic next week, and the SOL/BTC annual line will break. SOL may have difficulty in generating excess returns in the next few months, and its on-chain animal meme will be suspended.

3. Payment UTK has risen sharply. UTK is an old coin from 2017. It was hyped because of homophonic puns, and Twitter Pay was renamed to the same name as UTK.

4. HTC's market value on the on-chain DEX has entered the top ten, reaching a peak of US$25 billion. Hype's contract volume is 10% of BN's, with an annualized revenue of $300 million (BN's annual revenue is $10-20 billion). The founder of Hype has a similar background to SBF, both of whom are market makers, and are hyped by FTX.

5. Fartcoin, Arc, and Virtual, which are AI on the chain, have soared. Fartcoin's market value exceeds Goat, and Arc is similar to Eliza's AI platform of ai16z.