1) Market Trends
BTC surges to new highs, showing a bloodsucking rise. Altcoins generally decline, with ETH leading the gains.
US stocks are up, but the rise is more concentrated in a few stocks, with breadth rapidly deteriorating.
2) Market Highlights:
1. Vana, the AI big data public chain on Binance, shows a classic VC coin upward spike, slowly declining to half its value. It also announced meme coins Cat and Pengu. Cat is the second sub-coin from the Floki airdrop, and Binance has consecutively listed 4 meme coins on the BSC chain. Pengu is a token for the Fat Penguin NFT on the Solana chain, with a market cap of $2.5 billion.
2. The ETH staking sector including Eigen, ETHFi, Pendle, and the stablecoin Usual are all rising. The ETH/BTC exchange rate is strengthening on a weekly level.
3. The platform token FTT is rising. FTX will start compensation on January 3rd.
4. On-chain, ETH also leads the gains. AI's Virtual and DEX's Hype continue to reach new highs. Virtual is on the Base chain, with a market cap of $3 billion. Hype is on its own EVM chain, with a market cap of $28 billion, and the latest token listing fee auction reached 100 Wu. Hype's funds have started to overflow into the ecosystem, with the trading robot HFun surging 30 times, reaching a market cap of $300 million.