Hot spots on November 15th
November 15th WEB3 hot spots
1. The market value of Meme coins has outperformed other assets since the beginning of the year
On November 14, CryptoRank data showed that among the top five narrative tracks with market value performance since the beginning of the year, Meme currency has significantly better returns than RWA and AI assets.
2. U.S. import prices unexpectedly rose in October
U.S. import prices unexpectedly rose in October due to higher prices for fuel and other commodities. After falling by 0.4% in September, the import price index rebounded by 0.3% in October, which was higher than the expected decrease of 0.1%. Progress towards lowering the inflation rate to the 2% target has basically stalled. Consumer prices and producer prices both rose 0.2% in October.
3. Powell’s remarks affect the prospect of interest rate cuts
Adam Hetts, global head of multi-asset, said Powell's comments had a negative impact on the optimistic outlook for rate cuts. The market is repricing final interest rates, and there is still room for change in interest rate pricing. For now, the market will first move toward higher terminal rates and long-term Treasury bonds.
4. PancakeSwap launches bot on Telegram
PancakeSwap announced the launch of the Swap trading robot on the Telegram platform. The bot supports trading of more than 3,000 tokens on BNB Chain, including v2, v3, and stablecoin trading pools.
5. Powell said the U.S. economy has not sent a signal to cut interest rates.
Federal Reserve Chairman Jerome Powell said the U.S. economy is not signaling an urgent need to cut interest rates. He emphasized that in the process of finding a neutral position, the pace of policy adjustments needs to be controlled.
