Today is Sunday, and although the fog here in Chengdu has cleared, the haze in the crypto world hasn't lifted yet.
The weekend market usually 'plays dead', but these 'gamblers' on-chain never take a break. Although there hasn't been a shocking crash in the past 24 hours, there are undercurrents everywhere, all full of information asymmetry.
To help everyone find the wealth code (or pitfall guide) on this boring Sunday, I've compiled the top 10 most noteworthy hotspots from the past 24 hours.
As usual, no fluff, only solid content.👇
1. 📈 Bitcoin (BTC) is 'slacking off' this weekend, attempting to break $93k but failing.
Although the Federal Reserve has lowered interest rates, there was a lack of liquidity over the weekend, and BTC surged to $93,000 last night before being pushed down, currently fluctuating around $92,500. This kind of 'sideways' movement is actually quite good, giving altcoins time to breathe; don't panic, this is just building up strength.
2. 💃 Solana Breakpoint has concluded, Firedancer's live demonstration rocked the venue
On the last day of the Solana conference, Jump Crypto finally unveiled the live demonstration of Firedancer's mainnet, with TPS stably running over 100k+. Although the SOL price has slightly adjusted after the short-term bullish news, this fundamental development is simply a major boost for ETH.
3. 🐻 Abstract hotspots: 'In prison Do Kwon' meme coins are flying around
A couple of days ago, Do Kwon was just sentenced to 15 years, and last night a bunch of related memes popped up on-chain, like 'prison recipes' and 'Kwon's soap'. This is the abstract nature of our circle; although I don't recommend rushing in, this kind of hype does reflect the sentiment.
4. 👟 Is Ye (Kanye) suspected of issuing a coin?
There are rumors online that Ye's team is in contact with the head of the Base chain, suspected to be launching a SocialFi project related to YZY. As a rapper, I must pay attention to the first-hand news, but if it's true, it's likely just another 'pump and dump' scheme, so stay vigilant.
5. 🇭🇰 From Hong Kong: The second phase of the digital Hong Kong dollar pilot program has started
We have some good news here as well. The Hong Kong Monetary Authority announced the second phase testing list for the digital Hong Kong dollar, with more Web3 payment scenarios included. This indicates that the 'regular army' is still advancing steadily, and the cash withdrawal channels may become smoother in the future.
6. 🐸 PEPE is sucking blood again, funds are flowing back into the meme sector
The veteran meme leader PEPE has risen 15% against the trend in the past 24 hours. This indicates that funds are hesitant to touch VC coins over the weekend and have all run to old memes for safety. There are countless tokens, but the frog still shines.
7. ⛏️ Bitcoin ecosystem: Fractal Bitcoin has hit a new high in computing power
Although the inscriptions have cooled down by half, Fractal's scaling solution is still active. The new high in computing power indicates that miners haven't withdrawn, and there is still hidden value here. Don't just focus on Ethereum's second layer.
8. 📉 Grayscale has again transferred a large amount to Coinbase
On-chain detectives found that Grayscale transferred another 2,000 BTC to Coinbase last night. Although this is not a large amount compared to the ETF's size, there may be selling pressure when the market opens on Monday, so the contract traders should take it easy tomorrow morning.
9. 🤖 Vitalik published an article discussing 'the combination of AI and Crypto'
V God published a new blog last night, this time not discussing philosophy, but directly talking about how AI Agents can assert rights on-chain. This directly led to a spike in the AI sector (like FET, TAO) during the night. V God's words, a liar (crossed out), are a guiding light.
10. 🏦 Macro rumors: The Bank of Japan may be up to something again next week
There are rumors that the Bank of Japan may adjust its YCC policy next week. If the yen fluctuates, it will definitely affect the liquidity in our cryptocurrency circle (after all, the carry trade is not dead yet). Pay attention to the exchange rate in the Asian early session next Monday.
The current strategy is simple: look for alpha while Bitcoin is in a sideways trend, and don't touch those unpopular old antiques. If Ye really issues a coin, I have to write a diss track to welcome him.
