Today's Market Update

Market Overview:

$BTC surges close to $100,000. Altcoins follow with $ETH rebounding, but this round most altcoins underperform BTC by about 60%. The SEC chairman will resign at the end of January.

U.S. stocks are up, while MicroStrategy suffers a plunge due to short selling.

Market Highlights:

ETH sees catch-up growth, with its ecosystem including OP, SCR, ETHFI, and ANON also rising. ETH and BCH are catching up recently, with capital beginning to spill over. ANON, a social protocol on the Base chain, surged fivefold in one day.

$SOL breaks new highs with significant gains, with ecosystem components like JTO and RAY also rising. Progress has been made in the application for a SOL ETF. SOL’s competitor, SUI, experienced a two-hour paralysis yesterday.

Exchange token FTT surges, with FTX planning to repay its debts at the beginning of 2025.

On-chain memes like ZEREBRO, BULLY, and PROJECT89 have seen significant increases. All three are AI-related: ZEREBRO is an AI NFT with a market cap of $400 million; BULLY involves AI-generated characters and has received ACT funding; PROJECT89 is an AI-enhanced virtual reality game.