2024.11.05.

1) Overall market trend: BTC is down, altcoins are generally falling, and the market lacks hotspots. The U.S. stock market is down. With the countdown to the U.S. election, market sentiment is cautious.

2) Market hotspots:

1. Small coins like Troy and Santos are rising. These are new contracts on Binance, and Troy is transitioning from a speculative stock to an AI meme.

2. Doge and Mask, related to Elon Musk, are rising. Trump is currently leading in Pennsylvania, the largest swing state.

3. Platform token BNB is down, and Binance is criticized for its high listing fees, being called greedy. The major trend is that funds are shifting from centralized exchanges (CEX) to decentralized exchanges (DEX), and in the future, centralized exchanges will gradually decline, while the most profitable contract businesses will also be replaced by on-chain tokens. In the long term, planned economies will definitely struggle to keep up with the evolution speed of free economies. Since the beginning of this year, the trading volume ratio of DEX to CEX has increased from 8% to a new high of 15%, doubling.