1.07 Morning Brief | BTC and On-Chain Support the Crypto Skyline
1. Crypto Focus: BTC's Glory Returns, Once Again Reaching the Peak of $100,000! However, many altcoins struggle to regain their former glory and may find it difficult to return to the price levels they touched when BTC first broke $100,000, leading to increased market differentiation.
2. Correlation Effects Highlighted: As expected, ETH falls in tandem with BTC's rise, showing a declining trend in its exchange rate, while mainstream coins struggle to keep pace with the surge of BTC.
3. Coordinated Oscillation Upward: SOL closely follows BTC's pace, steadily climbing in the turbulence and cautiously expanding its path forward.
4. Seizing Opportunities: BNB rides the wave of BTC's rise; without timely official announcements of good news, its current momentum may be difficult to sustain, leaving its future direction uncertain.
5. Emergence of New Forces: The AIAgent project, led by SWARMS and AI16Z, continues to gain momentum, charging forward like an arrow, bravely exploring new heights for the future.
6. Compliance Dynamics: Gemini spends $5 million to settle with the U.S. CFTC, successfully calming the lawsuit storm and adding a footnote for industry compliance.
7. Market Outlook: Arthur Hayes boldly predicts that driven by RRP and TGA fund flows, the crypto market is expected to hit short-term peaks in the first quarter of 2024.
8. New Institutional Moves: Nasdaq applies to raise the IBIT position limit to 250,000, an action worth noting in the crypto circle.
9. Public Chain Dark Horse: Sui's TVL impressively breaks through the $2 billion mark, with a six-month increase of up to 1800%, earning the title of a “rocket” in development.
10. Capital Operations: MicroStrategy unveils a $2 billion preferred stock plan, precisely targeting institutional investors to strengthen market positioning.
11. Acts of Kindness Praised: Vitalik Buterin once again sells memecoins to donate to charity, living up to the “lying profit” legend, giving back to society through good deeds.
12. Product Innovation: Asset management company Calamos is set to launch its first 100% downside protection Bitcoin ETF, showcasing innovative prowess.
13. Capital Influx: CoinShares reveals a surge in fund inflows in 2024, reaching as high as $44.2 billion, setting a new historical record.
14. Industry Hot Topics: Elon Musk bluntly states that OpenAI has become a closed-source profit machine, stirring a wave of discussion.
Summary: Currently, BTC firmly occupies the market's center stage, while new on-chain forces emerge like spring shoots breaking through the ground. As 2024 kicks off hot, opportunities abound; are you ready to ride the wave?
