December 11

Market Trends

BTC is down, altcoins are generally down.

US stocks are up, the US dollar is down. #美联储如期降息25个基点 , but the market expects only one interest rate cut in 2026 and 2027 respectively. Global long-term bond yields have soared to a 16-year high, with the market betting that the global interest rate cut cycle is about to end.

Market Highlights

1. The new OK tokens Wet and Night have both doubled in one day. Wet is a Dex operated by the Sol chain, and Night is a privacy chain created by the founder of Ada. Although there is significant selling pressure on the new OK tokens, the pump effect is strong.

2. The public chain Sei is rising, in collaboration with Xiaomi to pre-install apps on their phones.

3. The public chain ETH is rising, and the ETH/BTC exchange rate is strengthening.