11/25 Chasing the Light Daily Report

Macro Trends

1. US Stocks Rise: The three major US stock indices have risen for two consecutive days, reaching a weekly high, with the S&P 500 up 1.6%, marking the largest gain in six weeks, the Nasdaq up 2.7%, achieving the best performance in six months, and the Dow up 0.44%.

2. US-China Call: The leaders of both countries emphasized cooperation and win-win outcomes during a phone call, exchanging views on issues of mutual concern, further boosting market sentiment.

3. Officials' Statements: Federal Reserve Governor Waller and San Francisco Fed President Daly both expressed concerns about the labor market, supporting a rate cut in December.

4. AI Plan Advancement: Trump signed an executive order to launch the artificial intelligence "Genesis Project."

5. Risk Warning: "Big Short" Michael Burry published a column warning of the risks of an AI bubble.

Market Highlights

1. Cryptocurrency Rebound: BTC confirmed a short-term bottom, ETH rebounded strongly; the Nasdaq's surge drove Crypto concept stocks to soar, with BMNR up 19%; Vida, the founder of Equation News, sold BTC for $86,000.

2. Whale Movements: "Maji" added $1 million USDC margin, going long on $13.35 million ETH and $830,000 HYPE.

3. MEGAETH Finance: USDC deposits will open tonight at 10 PM, expecting a TGE in December with an anticipated return of 10%.

4. MONAD Volatility: After launching on Coinbase, it experienced severe volatility, briefly falling below issue price, with a current market value of $3.1 billion; Binance's contract rate of 0.088% indicates bullish sentiment.

5. HYPE Unlock Warning: On November 29, HYPE worth $312 million will unlock, accounting for 2.66% of circulating supply, raising market concerns about selling pressure.

6. DOGE ETF: Launched a spot ETF product but price performance has been lackluster, continuing to decline.

7. AVICI New High: In a single month, it surged 180% to a market value of $82 million, setting a historical record.

8. WLFI Rebound: The new wallet "0xEFA1" bought $25 million within three days, seen as the first target of the "Trump Trade."

9. Institutional Holdings: Multicoin Capital bought an additional $10.94 million AAVE, accumulating $49.52 million over one and a half months, currently with an unrealized loss of $13.9 million.

10. Meme Coin Fluctuations: PINPIN topped the futures gainers list, displaying typical trading characteristics, with extreme price surges and drops completing the harvest.