Today's market summary [Focus! Reference!]
1. Overall market dynamics
Bitcoin performed weakly and continued to fluctuate, while some altcoins rebounded strongly after oversold. The overall liquidity of the market was tight, and speculative funds showed guerrilla tactics, quickly shifting positions to pursue short-term profit opportunities. At the same time, the US stock market was optimistic, and the mild remarks of Federal Reserve Chairman Powell boosted market sentiment.
2. Market focus
1. The tokens that Binance (BN) announced to be delisted unexpectedly led the rise, such as MDX, DOCK, POLS, BOND, etc., and ZEN also showed an upward trend. It is worth noting that Binance once cancelled the delisting warning, suggesting that it has made arrangements for multiple zero-knowledge processor (zk Processor) projects that have not yet issued tokens, which has attracted market attention.
2. The domain name system ENS token ushered in an increase due to its listing on the Korean exchange Upbit.
3. The strong performance of TIA (Modular Financial Protocol) led to a surge in short selling costs, and the annualized short selling fee rate reached an astonishing -130%, showing the market's bullish sentiment on the asset.
4. The price of Meme coin Bonk has risen, and the community is discussing a destruction proposal, which may further increase its value. Recently, Pepe-related tokens such as WAT and MATT on the Ethereum chain and various variants of dog and cat-themed tokens on the Solana chain have become hot spots for speculation, reflecting the market's preference for fun and cultural symbols.
