1. Attention Value-Market Key Points
1. Market conditions
(1) Macro field:
l A big rate cut will repeat the 1995 situation, and the US stock market will surge, but inflation may reappear
According to Bloomberg, on Monday, Ed Yardeni, a well-known Wall Street strategist and founder of Yardeni Research Inc., said that the U.S. stock market may soar to new highs due to the Federal Reserve's sharp interest rate cut last week, but if the central bank governor does not act cautiously, it may also lead to a resurgence of inflation. He also pointed out: "The latest policy decision has increased the probability of a 'complete melt-up' in stock prices from 20% to 30%, which is similar to the S&P 500 index soaring 220% from 1995 to the end of the last century during the Internet bubble." He believes that the probability of a bull market is 80%, while the probability of a market turmoil similar to the 1970s is 20%, when global stock markets were in turmoil due to inflation and geopolitical tensions.
(2) Web3 field:
Ethereum spot ETF net outflow surges
According to data from Sosovalue, the U.S. Ethereum spot ETF recorded a net outflow of $79.21 million on Monday, setting a record for the largest single-day net outflow since July 29.
Most of the net outflows came from Grayscale's ETHE, which had a net outflow of about $80.55 million, the largest outflow since July 31, and the only Ethereum spot ETF that recorded a net outflow yesterday. Bitwise's ETHW recorded a net inflow of $1.34 million, while the other seven Ethereum spot ETFs had no capital flows.
2. Hot events
Web3 Field:
BlackRock verifies Bitcoin holdings through nodes to ensure ETF asset security
According to Eric Balchunas, a well-known ETF analyst, global asset management giant BlackRock extracts the balance of its Bitcoin address from Coinbase Prime through its own blockchain node every day to verify the Bitcoin holdings of its spot Bitcoin ETF. Although this data is only available to institutional clients, BlackRock has won widespread trust with its 30-year flawless record. Unlike crypto platforms such as FTX, BlackRock's ETF system is highly transparent and secure, and has always followed a strict custody process. Although some markets have questioned the transparency of its Bitcoin transactions, Balchunas emphasized that BlackRock ensures the security of assets and the trust of customers through self-custody and blockchain verification.
Siemens uses JPMorgan Onyx blockchain to settle digital commercial paper
German industrial giant Siemens has successfully issued and settled €100,000 worth of digital commercial paper through JPMorgan Chase’s Onyx blockchain platform and SWIAT’s private blockchain. The transaction was conducted under the German Electronic Securities Act (eWpG), with payment made using JPMorgan Chase’s JPM Coin system and asset transfers made through the SWIAT network’s delivery-versus-payment (DvP) mechanism. The entire process took just 93 seconds, marking the start of Onyx’s collaboration with SWIAT in developing digital asset issuance products for commercial banks. The move aims to shorten the value chain, increase transaction flexibility and speed, and promote the large-scale application of blockchain in financial transactions.
3. Hot topic narrative
Solana, Base, TON, and BTCFi are the four ecosystems that have developed the best in the past year. The entrepreneurs of these four ecosystems have shown stronger confidence in the future.
In the past year, these four ecosystems have continuously produced innovative projects and popular applications, leading the development of the crypto track. Whether in terms of the amount of funds attracted, the number of users, or the number of projects, these four ecosystems have maintained a very obvious advantage. This makes the market heat of these four ecosystems the highest and the confidence of entrepreneurs the strongest. Each track has several tokens that have entered the top 100 industries by market value, of which Solana-related currencies are as high as 7. And Base, TON, BTCFi, each track has about 3-6 new currencies that have entered the ranks of the top 300 in the latest cryptocurrency market value.
The prosperity of the ecosystem is naturally transmitted to the activities held during Token2049. During the five hottest days of Token2049 (September 16th to September 20th), Base and TON held one or two events every day, and every event was full; the Solana Breakpoint event was considered by many participants to be the best, most lively, and most vibe event held outside the main venue of Token 2049.
In the last Token 2049, these four ecosystems were still very "weak". In the 2023 TOKEN 2049, Solana had just come back from the FTX incident, and the price of Sol barely stabilized at 20 U and did not continue to fall. At that time, Ethereum was still the overlord in the blockchain, and few people could have expected that it would shake Ethereum's position again in just one year. Now there are many practitioners who think that Solana may surpass Ethereum; in the four months before the last TOKEN 2049, Ordi fell continuously, and its market value fell by four-fifths, leaving only 3 U. Many people thought that the Bitcoin ecosystem was dead. No one thought that Ordi would be listed on Binance two months later, and then it would rise all the way. The Bitcoin ecosystem has seen waves of small waves such as L2, staking, and runes. No one mentioned Base and TON. These two ecosystems were still "transparent people" during the last TOKEN 2049. In the past six months or so, they have been firmly chosen by many entrepreneurs through their success again and again.
4. Potential Catalyst
On September 24, Google Cloud announced a partnership with Solana Labs. The core of this partnership is GameShift, which provides the complete Web3 infrastructure and functions required for games, such as wallets, tokenized assets, and on-chain markets. GameShift's products have been launched on Google Cloud Marketplace.
On September 23, according to Bloomberg, Kamala Harris, the next presidential candidate and current Vice President of the United States, said at a fundraising event at Cipriani Wall Street in Manhattan: "I will bring together the workforce, small business founders and innovators, and large companies. We will work together to invest in America's competitiveness and invest in America's future. We will encourage innovative technologies such as artificial intelligence and digital assets while protecting our consumers and investors." It is reported that this is the first time Harris has commented on cryptocurrency as a Democratic presidential candidate.
2. Attention Value-Hot Projects
1. Social media hot spots
Solana is a high-performance blockchain platform dedicated to providing fast, secure and scalable solutions for decentralized applications and cryptocurrencies. The platform uses an innovative consensus algorithm, Proof of History, which can process up to tens of thousands of transactions per second while maintaining decentralization and security. Solana's goal is to achieve large-scale adoption of blockchain through its unique technological advantages, serving a variety of complex decentralized applications and global financial systems. The most noteworthy thing about Solana recently is that Solana has cooperated with Google Cloud to launch GameShift and Metaplex has launched a decentralized index and data availability network Metaplex Aura, which will have a positive impact on prices. .
Key projects:
io.net
io.net is a decentralized GPU network designed to improve the scalability, accessibility, and efficiency of computing. Mainly by aggregating GPU supply from underutilized resources, io.net has created a network that allows machine learning startups to obtain nearly unlimited computing power at a fraction of the cost of traditional clouds. It is a decentralized artificial intelligence computing and cloud platform. The most noteworthy thing about io.net recently is the strategic cooperation with TARS Protocol, which will have a positive impact on the development of AI and Web3 infrastructure. Recently, everyone's view on io.net is optimistic about its application prospects in the fields of distributed computing and AI, and the market sentiment is relatively optimistic.
2. Smart money builds a position
Smart money holdings
Source: ChainEDGE, Dot Labs
Project Introduction:
1. $michi (@michionsolana /X)
$michi is a cryptocurrency based on the Solana blockchain that aims to combine meme culture with a community-driven economic model. $michi's design is inspired by a cute cat image and aims to attract a wide range of user groups, especially fans of meme culture.
2. DOGGO (@DoggoEthDog /X)
$DOGGO originated from the tweet of the founder of Dogecoin, "what happened to poor doggo", and was accompanied by a picture of a dog, a Shiba Inu living in China. Recently, AscendEX (formerly BitMax) launched $DOGGO for the first time.
Smart money flows in
Source: ChainEDGE, Dot Labs
Project Introduction:
1. wTAO (@bittensor_ /X)
Bittensor (TAO) is one of the leading projects in AI narrative, aiming to democratize the process of building AI use cases by creating an open peer-to-peer market where people can share and use machine learning models. The increase in the market value of Wrapped TAO will have a positive impact on the price. Recently, everyone is optimistic about Wrapped TAO and believes that it is a key focus project in the portfolio, and the market sentiment is positive.
2. POPCAT (@POPCATSOLANA /X)
Popcat is an internet meme that originated in October 2020. In a series of videos, two images of a domestic shorthair cat named "Oatmeal" are shown. One image has its mouth closed, the other has its mouth open, and the second image has been edited to make its mouth "O" shaped. Recently, everyone's view on Popcat (SOL) is optimistic about its position and potential in the Solana ecosystem, and the market sentiment is relatively optimistic. The most noteworthy view is that Popcat is expected to hit the $1 mark again, based on its position in the Solana ecosystem and trading activity.
3. Attention Value-Sector Rotation
1. Hot topics
Source: Dune, Dot Labs
Source: Dune, Dot Labs
2. Inside the plate
Source: Dune, Dot Labs
