Bitcoin was still in a volatile range yesterday, and overnight it broke through the upper limit of the volatility range at 106,000, reaching as high as 110,000 USD. The trend is relatively strong, and after a brief adjustment, it will continue to rise. The historical ATH is estimated to come soon.

This round of narrative mainly revolves around on-chain activities, so it is essential to focus on narratives on-chain, such as DEX, with HYPE as the leading perpetual exchange, whose market value has skyrocketed, and there are competitors that will likely have their TGE soon.

In terms of altcoins, the focus is mainly on meme, AI, and DeFi, with emphasis on meme launch platform coins on-chain, such as LaunchCoin, Four, etc.

In short, I have been saying since the beginning of this year that the market will occur in Q3 and Q4, and everyone must cherish it.

Let’s talk about today’s highlights:

1. In the China-U.S. negotiations, the U.S. side reported significant achievements and progress, which directly led to a sharp market rise last night, bringing Bitcoin back to 110,000 USD.

2. After PlasmaFDN opened the gate last night, 500 million USD was quickly filled. Such projects are a paradise for big players; the more funds, the more they earn. With a valuation of 500 million USD, it’s not a problem for the market to double when it arrives; it just depends on how much quota can be allocated later.

PS: The market is not lacking in money, but in projects like Plasma.

3. On the SOL chain last night, web2 metaverse projects transitioned to web3 with the launch of their tokens, starting at 300 million USD, which directly surged to a 900 million USD FDV, currently maintaining around 500 million USD, which is a bit exaggerated.

4. On the BSC chain, EGL1 also saw a significant pump, while Alpha points on BINANCE reached 230+, with earnings around 50 USD. If it continues to rise, it will all be studios, and retail investors will have no chance.

5. CRYBB on Bonk also quickly reached around 10M, which can be a focus in the future.

6. With the rise of BTC and ETH, some altcoins have also seen increases, with the #DEFI sector performing notably well, such as MKR, COMP, AAVE, EHTFI, HYPE, etc. With the addition of legitimate military troops, mainstream DeFi will become one of the key sectors, so it must be taken seriously.

7. In terms of memes, WIF is relatively strong, and at the same time, WIF and POKT launched the KRW trading pair on Bithumb, indicating that memes will likely fly first when the market heats up, as one of the mainstream narratives of this bull market is indeed memes.