20240409

1) Market trend:

BTC fluctuated upward, and the ETHBTC exchange rate rebounded. The price increase led to an increase in the volatility of options, and the market was bullish.

The US stock market fluctuated and began to adjust weekly. The market expects two interest rate cuts throughout the year, with a rate cut in September.

The total market value of cryptocurrencies grew by US$99.5 billion in the past 24 hours, BTC rose by 3.31%, with an amplitude of 5.3%, and the market sentiment was extremely greedy.

2) Market hot spots:

1. BTC ecosystem's CKB, NFT's Runestone, and PUPS rose sharply. Runestone became the second largest NFT in terms of market value. The Rune Protocol is an upgraded version of the Inscription, mainly to reduce BTC network congestion, and it will be launched around the end of April.

2. ENA rose sharply, and the announcement empowered ENA. By staking ENA, mining Apy can be accelerated.

3. The public chain TON rose sharply, and the ecological fish and ston followed suit. The market hyped that Telegram would be listed on the IPO. Fish is a meme, and ston is a dex.

4. Greeks.live: The rapid rise of Bitcoin has led to a significant increase in IV of major maturities, and the market is bullish

5. Ethena holds BTC hedging positions worth more than US$500 million in BN, OX and Deribit.