How does the exchange's listing strategy affect the price of coins? A 50 basis point interest rate cut will lead to a bull market with the release of liquidity?
Written by Alex Liu, Foresight News
Map: Kiet, Foresight News
Note: "Weekly Hot Searches" counts the user search results of Foresight News from last Friday to this Thursday (September 13 to September 19), and the capitalization of the same concepts is merged.
This week’s market situation has a lot to do with exchanges’ decisions on listing coins.
Aleo, a "king-level" project that raised $200 million in round B alone, was first launched on MEXC. Among the first-tier exchanges, only Coinbase listed the token. The opening price of its token was much lower than expected, causing heavy losses to OTC traders and even miners. Of course, in addition to not being listed on major exchanges, Aleo's token economy seems to be one of the reasons for its poor price trend: the initial supply is 1.5 billion, and after the mainnet is launched, the consensus algorithm will automatically generate tokens to reward provers and stakers. 34% of them will be allocated to early supporters, 25% will be allocated to grants, ecosystem contributors and education, 17% will be allocated to employees and project contributors, 16% will be allocated to the Aleo Foundation and Provable, and 8% will be allocated to strategic partners. Officials said that the claimed tokens will be locked for 1 year.
And there are countless counterexamples.
On September 13, the Korean exchange Upbit announced that it would launch Nervos Network "CKB", supporting KRW, BTC and USDT trading pairs. Influenced by this news, CKB rose by more than 70% in a week. The wealth effect of listing coins on Korean exchanges has not diminished at all.
On September 15, Binance announced that it would launch the "UXLINK" perpetual contract. UXLINK rose by more than 60% in 24 hours and broke through 0.75 USDT in the short term.
On September 16, Binance announced the launch of the Meme coin "Neiro" spot. As a result, Neiro (First Neiro On Ethereum) rose by 115.48% in 1 hour. Immediately afterwards, it announced the launch of the "Neiro" contract. Only 3 days after the launch, "Neiro" rose more than 3 times. The impact of Binance's listing on the price of Meme and the model of "the exchange determines the winner" have also aroused heated discussions in the community.
The price of Sui has continued to rise this week, and its hot search ranking remains high. Its ecosystem is also full of news:
Walrus, a decentralized storage and data availability protocol developed by Mysten Labs, the company behind Sui, said it will become an independent PoS network and be governed and incentivized by its native token WAL. In addition, encrypted media Decrypt said that all its news articles, videos and other media will be stored as blobs on Walrus.
On September 17, Sui announced that it had reached a partnership with Circle and would soon support native USDC.
In addition, according to DefiLlama data, Sui's TVL (total locked value) exceeded US$800 million on September 19, and is now reported at US$810 million, a record high. Among them, the lending platform Suilend TVL reached US$134 million, an increase of 14.63% in 7 days. Recommended reading: Gold Rush Manual | How to efficiently deploy Suilend airdrops? (High returns + airdrop points, Suilend joins the booming Sui ecosystem ~)
Rate cuts
The Federal Reserve finally announced a 50 basis point rate cut at 2:00 am on September 19. So far, the market has fully recovered. How will the market go in the future? Is the bull market back? Recommended reading: "The Federal Reserve cuts interest rates! Is the crypto market ready to rise?"
More hot words
According to data from the Hong Kong Stock Exchange, the total trading volume of the three Bitcoin spot ETFs in Hong Kong this week was about HK$84 million, a significant increase of more than 191% from last week's HK$28.86 million. Among them, the weekly trading volume of the two Bitcoin ETFs under China Asset Management and Harvest Global ETFs managed by OSL exceeded HK$81 million, accounting for 96.1%, a significant increase of 244% from last week's HK$23.55 million; the weekly trading volume of another spot Bitcoin ETF was about HK$3.2688 million, accounting for about 3.9%, a decrease of more than 38% from last week's HK$5.31 million.
The "Ton" ecosystem continues to maintain high popularity. Telegram's krypton gold cultivation game "Catizen" is expected to be airdropped and listed on the exchange on September 20.
Insider: AI and data project "Grass" completed its Series A financing led by Hack VC, with a valuation of nearly $1 billion
How to participate in the "CAT" 20 protocol? Recommended reading: Guide to getting on board: A quick three-minute overview of CAT Protocol (Is CAT Protocol viable? A must-read for getting on board, a quick overview in one article.)
While "Token 2049" is in progress, recommended reading: September Web3 "Attending Conference" Guide. September Web3 event preview, important summits not to be missed.
This week, the Mirror hot search list has undergone a major reshuffle compared to last week, with hot spots shifting very quickly:
