Daily Report for August 27, 2024

https://t.co/U8A2dSxEwn Trends:

•BTC: Bitcoin experienced a decline, with altcoins generally following suit. The market’s recent rebound appears to have come to an end.

•US Stocks: The U.S. stock market also fell, with tech stocks taking a hit. Investors are concerned that Japan may continue to raise interest rates.

https://t.co/v2IrCI3fvS Highlights:

1.TON Ecosystem: DOGS was listed on BN with a market cap of $700 million. Despite the initial short squeeze, its performance was mediocre. As a meme token, DOGS caused NOT, another token within the same ecosystem, to plummet due to capital outflows.

2.NULS Surge: The token NULS saw a significant price increase, and BN opened a new contract for it. NULS is an older token from 2017.

3.Early Market Leaders Drop: Previous market leaders like RARE and SUN have started to decline. Overall, altcoins are facing a liquidity crunch.

4.Unisat Fractal BTC Plan: Unisat’s Fractal BTC project is set to launch on September 9. 80% of the tokens will be distributed to the community, with 50% allocated to PoW mining. Fractal BTC is a Bitcoin Layer 2 sidechain, and its testnet address count has reached 10 million.