2024.12.05.

1）Market Trends

BTC rises, ETH and older altcoins lead the way. The market's contract rates have surged, reaching their highest point in the past six months.

U.S. stocks have surged, with market expectations for a continued interest rate cut in December rising to 80%.

2）Market Highlights:

1. Public chain ETH sees a significant rise, with older DeFi tokens such as COMP, CRV, CVX, FXS, and YFI also climbing. There are market rumors of CRV collaborating with the American institution BlackRock. The founder of COMP has previously left to establish a new DeFi protocol called Legend.

2. Gaming tokens SAND, GALA, and SLP have surged. The market favors old tokens over new ones, with speculation on older coins rotating from 2017 to 2020.

3. Previously strong coins XRP, HBAR, ALGO, and TRX lead the decline. Smart money is gradually withdrawing.

4. On-chain trading is light, with liquidity being absorbed by older CEX altcoins, and the trading volume of leading meme coins has dropped to several tens of millions of dollars.

5. The NFT platform on the SOL chain, Magic Eden, will have an airdrop on December 10.