$BTC $ETH $BNB
Big pie callback
1) Market trends:
The overall market fell, with various altcoins generally trading lower.
At the same time, the U.S. stock market showed an upward trend, but the share price of Nvidia, the leader, began to fall.
2) Market focus analysis:
1. The newly listed bn new stocks etherfi and aevo achieved substantial gains. Etherfi's market value has soared to US$8 billion, while just two months ago, its financing valuation was only US$200 million, a 40-fold increase in just two months. The contract fee rate launched by aevo is -1%, and the daily return is as high as 6%. This mechanism may force short covering. Funds in the market tend to speculate on newly listed stocks with good chip distribution, which may be a signal that the market is about to adjust.
2. The prices of tokens such as ocean, fet, and agix in the artificial intelligence sector have increased. The three tokens are planned to be merged into new asi tokens in accordance with the officially announced ratio, which may bring arbitrage opportunities. It may seem like a good thing in the short term, but it could be a bad thing in the long term. The renamed sectors such as rei, which were previously hotly speculated by bn, now seem to be a foreshadowing of future events.
3. The price of public chain sui has risen sharply, reaching a new high, and navi, cetus, etc. within its ecosystem have also risen accordingly. sui plans to hold a large-scale conference on April 10. It has recently encouraged ecological development through subsidies. sui is considered to have the best user experience in this round of new public chains.
4. The price of velo in the defi field has increased significantly. Project parties seem to be controlling the market and concentrating a large amount of new supply in their own liquidity pools.
5. The stablecoin project ethena was airdropped and its off-market valuation reached US$1 billion. There are rumors that it will be launched on mainstream trading platforms. At the same time, the market value of the stablecoin usde reached US$1.4 billion, ranking fifth.
