Market Trends
BTC surges to a new high 📈
Altcoins soar 📈
US stocks surge to new highs. Trump's election as President of the United States will result in tax cuts domestically and increased taxes internationally. If tariffs increase by 20%, it could lead to a 10% depreciation of the Renminbi, a 0.5% decline in China's GDP, and a 1% rise in the US CPI.
Market Highlights:
1. DeFi projects like Cetus and Cow are listed on Binance. Cetus is the first Sui ecosystem DEX listed on Binance, while Cow is an MEV-resistant DEX aggregator on the Ethereum chain.
2. Major DeFi projects like Uni, Aave, LDO, Ena, Ray, and Rndt have surged. Trump has promised to immediately remove the SEC chair and establish a national strategic reserve for BTC, leading to market expectations of regulatory relaxation. Ena plans to distribute income to Sena holders. In the long term, this round of DeFi has speculative prospects, especially for Ena.
3. AI projects like Goat, Grass, and Arkm have surged. Arkm has launched a contract trading platform. Grass has quadrupled in value in a week, reaching a market cap of $3 billion, nearly twice the IO market cap.
4. Meme projects like Neiro, Pnut, Moodeng, Luce, and Joe have surged. Speculative funds from the leader Doge have overflowed to the second leader Neiro. Joe's LP lock-up period has been extended to 256 years. On-chain meme gains are significantly higher than those on CEX.
5. Political memes like Trump, MAGA, Fight, and Harris have generally plummeted after the election, as favorable conditions have been exhausted. 90% of Polymarket prediction users are losing money, but the highest winner has earned 5000 Wu.
