1. Attention Value-Market Key Points
1. Market conditions
(1) Macro environment:
The rise in the US core PCE price index triggered the Fed to suspend discussions on rate cuts
On November 27, the U.S. Department of Commerce released a report showing that although inflation indicators were in line with expectations, the data in October rebounded to 2.8% compared with September, which supports the Federal Reserve officials to take a more cautious attitude in future interest rate cuts. The core PCE price index, which excludes the more volatile food and energy, the inflation indicator that the Federal Reserve pays the most attention to, rose 2.8% year-on-year in October, the same as expected and the highest level since April this year. The data in September was 2.7%.
Although inflation has fallen significantly since the Federal Reserve began tightening monetary policy, it remains a thorny issue for households. Although inflation has slowed over the past two years, its cumulative effect has taken a heavy toll on consumers, especially low-income households.
The Fed cut interest rates consecutively in its September and November meetings, with a total cut of 75 basis points. The latest meeting minutes show that many officials support gradual interest rate cuts and raised the possibility of pausing interest rate cuts.
The latest PCE data further confirms the consensus among Fed officials: as long as the U.S. labor market remains healthy and the economy continues to grow, there is no need to rush to cut interest rates. With strong economic data and rising inflationary pressures, market expectations for future monetary policy have begun to diverge. Although the market still expects the Fed to cut interest rates again in December, market confidence has weakened due to concerns that some policies may push up inflation.
(2) Web3 field:
l ETH breaks through $ 3,600 for the first time since June CryptoQuant analysts say Ethereum's "second bull run" has begun
According to Followin, ETH broke through $3,600 this morning, and rose by more than 8.5% in the past 24 hours, reaching a high of $3,680, a new high since June. Open interest also broke through $24 billion, a record high, with a 24-hour increase of 16.14%. It is worth mentioning that while Ethereum performed relatively strongly, it also led to a large market for altcoins, among which the decentralized finance (DeFi) concept sector performed the best. Mainstream tokens in the Ethereum ecosystem, such as ENS, ETHW, ETHFI, and ZK, generally rose.
2. Hot events
Macro environment:
A new era for US stock trading: The first 23- hour 5- day exchange is approved, and the era of all-weather trading is coming
The U.S. securities market is undergoing a major transformation. 24 Exchange, a startup backed by Point72 Ventures, announced that it has received approval from the U.S. Securities and Exchange Commission (SEC) to operate 24X National Exchange, which will become the first national securities exchange to trade 23 hours a day, five days a week.
The exchange is scheduled to launch in phases in the second half of 2025. The trading hours in the first phase will be from 4 a.m. to 7 p.m. Eastern Time, and the second phase will be expanded to 8 p.m. Sunday to 7 p.m. Friday. The new exchange will operate under the supervision of the SEC.
Analysts point out that regulated night exchanges will significantly change the market landscape, providing a transparent trading environment with official records, which will help investors get better prices. However, this may also lead to fewer participants in night trading, thereby increasing the risk of price fluctuations. In addition to 24X National Exchange, other exchanges such as NYSE Arca and Robinhood are also actively exploring extended trading hours to meet the market's demand for round-the-clock trading.
Web3 Field:
l Bitcoin's new hybrid cryptocurrency ETF is launched: covering 10 mainstream crypto assets
Asset management company Bitwise announced on November 27, 2024 that it has applied to the U.S. Securities and Exchange Commission to launch a new hybrid cryptocurrency ETF. This ETF contains 10 major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), Cardano (ADA), Avalanche (AVAX), Chainlink (LINK), Bitcoin Cash (BCH), Polkadot (DOT) and Uniswap (UNI). This new ETF is actually an upgrade of the fund product launched by Bitwise since 2018, aiming to obtain SEC approval so that its fund shares can be publicly traded on the stock exchange. Bitwise has chosen New York Stock Exchange Arca as the trading platform for the new fund, while Coinbase will provide cryptocurrency custody services.
According to information from Bloomberg ETF expert James Seifat, the SEC is currently processing 14 new applications or proposals to convert existing products into cryptocurrency ETFs, and the approval time may extend until 2025.
3. Hot topic narrative
TikTok meme craze sweeps the cryptocurrency world: Tiktok meme market value instantly reaches $ 600 million
ChillGuy is a character created by artist Phillip Banks in 2023. This anthropomorphic character wears a sweatshirt, jeans and sneakers, with his hands in his pockets - just a guy who looks cool. The simple character setting given by the artist is: "He is a calm guy who doesn't care about anything at all."
5 days ago, the $CHILLGUY token was born on the Solana chain. Initially, the price of CHILLGUY was tepid, but on the 20th, it suddenly rose, with a market value of over 200 million US dollars, a price of around 0.23, and a trading volume of over 100 million US dollars.
Soon, ChillGuy's market value exceeded $600 million in a short period of time, quickly attracting the attention and love of a large number of young users. In this wave of craze, ChillGuy's price experienced a dozens of times increase in a short period of time, attracting the attention of a large number of new investors. The celebrity effect on social media also played a key role, including forwarding by celebrities such as the President of El Salvador and Musk, which further promoted the popularity of ChillGuy. In addition, Google Trends data shows that the search volume on how to buy ChillGuy has surged in the United States, indicating that more and more people are showing great interest in this token. With exchanges quickly listing ChillGuy, the popularity of the token seems to continue.
2. Attention Value-Hot Projects
1. Project Introduction
$Mona | AI | @mona_witchy
- $Mona is an AI Agent created with the Eliza framework using the heuristic API.
- The coin issued by the AI project that the founder of AI16Z follows has the highest increase of +3000%.
- @heurist_ai is working on developing the Mona AI agent and its community.
3. Attention Value-Sector Rotation
1. Hot topics
Source: Dune, Dot Labs
2. Inside the plate
Source: Dune, Dot Labs
