1）Market Trends

BTC surged and rebounded, while altcoins rose broadly. The market focus has returned to the speculation of AI, memes, and new public chains.

US stocks have risen to new highs. The November CPI inflation data has boosted expectations for a Federal Reserve interest rate cut next week.

2）Market Highlights:

1. The AI sector, including turbo, ctxc, goat, act, ai16z, virtual, and fartcoin, saw significant gains. Many AI memes like ai16z and fartcoin have reached new highs. This is in complete sync with US stock trends; after speculating on AI hardware infrastructure, the market is now focusing on AI software applications. The logic is similar to speculating on Apple phone hardware before moving on to mobile games and other apps.

2. The meme coin pnut surged and is listed on Coinbase. The space has opened up, and its market cap will likely benchmark against pepe’s market cap of $10 billion. Recently, Coinbase has listed more meme coins and Binance (BN) has added more VC coins.

3. The public chain SUI has risen significantly, and the ecosystem project Cetus is also following suit. SUI has launched a global accelerator program.

4. New coins on Binance, such as orca and acx, have rebounded from significant declines. However, the VC coins listed, me and move, are showing a pattern of initial spikes followed by a gradual decline, losing half their value. The new DeFi coin hype has reached a record high, with a market cap of $16 billion.