The weekend has arrived, yet the market remains vibrant. Let's quickly review some news to prepare for an exciting new week:
1. USDT Minting and Market Situation:
- $2 billion was minted earlier this morning. Over the past 2 days, a total of $3 billion USDT has been minted.
- Typically, this USDT would be partially used for buying at lower prices, with the remainder reserved for price manipulation. However, the recent minting surge caused a strong market pump without corrections.
2. Binance Inflows:
- In the last 24 hours, $337 million has been deposited into Binance. Over the past 7 days, deposits totaled $1.9 billion.
- Despite weekends usually having lower volumes, the current market shows significant FOMO.
3. Price-Driven Sectors:
- Various sectors are continuously breaking ATHs. The strongest performers include Memecoins, Depin, AI, and currently, Gamefi.
- If your coins haven't surged yet, patience is key. Every coin will have its turn; it's just a matter of time. Lucky choices in early-moving sectors can lead to profits across the board.
4. Binance Labs Investments:
- Binance Labs has invested in 7 projects from the Season 6 incubator program: Ethena, Derivio, Shogun, Cellula, NFPrompt, QnA3, and UXUY.
5. Bitcoin ATH and ETH Approaching $4,000:
- Bitcoin has surpassed its all-time high, reaching $69,300. Ethereum is very close to the $4,000 milestone.
6. Market Sentiment:
- The current sentiment index is at 79, approaching extreme greed levels. Consider balancing greed and fear.
Wishing you a successful new week, and may the market continue to soar! 🚀🌟
