Market Updates

Market Overview:

$BTC is rebounding, and altcoins are seeing widespread gains. The market's main focus is revolving around the BSC chain.

The U.S. stock market has also started to rebound. However, consumer recovery in the U.S. remains weak, leading to increased expectations of rate cuts.

Market Highlights:

$BNB rebounds. The BNB/BTC exchange rate is showing a weekly rebound, and the transaction volume on the BSC chain has surpassed that of the SOL chain. The "wealth creation" effect of meme tokens on the chain is strong.

BSC tokens BNX, CAKE, CHEEMS, and #MUBARAK have surged. BNX is serving as a meme launch platform and is undergoing a token swap this week to FORM. The Binance app has been upgraded, allowing direct trading of Binance Alpha on CAKE's platform, similar to a growth enterprise market. This is positive for all memes listed on Alpha but negative for secondary-tier altcoins. MUBARAK is considered the leading meme token, comparable to TST and BOME.

RWA token #plume surge. PLUME has seen significant growth, with its market cap reaching $2 billion. It has received investment from Binance Labs.