2024.10.30. News——

1) Market Trends:

BTC surges towards new highs, with $4 billion inflow into BTC spot ETF over the past two weeks.

U.S. stock market's NASDAQ and gold both hit new highs. The market expects a 25 basis point rate cut in November. If Trump comes to power, subsequent rate cuts may be more aggressive.

2) Market Highlights:

1. Meme coins like Doge and Neiro are rising. Doge is currently the top traded coin on CEX related to Trump, with the Doge/BTC exchange rate breaking out weekly. Musk remains strategic; his previous purchase of Twitter was not for profit but to prepare for the presidential campaign and control public opinion.

2. The new public chain Sui is rising. Sui remains the best new public chain in terms of fundamentals, except for Solana, with a better token structure.

3. On-chain dog coin Luce surges. Luce is the New Year mascot designated by the Vatican Pope, recently launched with a moonshot, and has been the largest on-chain traded dog coin for two consecutive days.

4. Modular TIA will unlock $1 billion in tokens this week, which is 80% of the current circulation.