1. Attention Value-Market Key Points
1. Market conditions
(1) Macro environment:
The key to the recovery of the US stock market lies in "S&P 493"
U.S. stocks have gradually recovered after experiencing the "summer storm", mainly due to the strong performance of the 493 constituent stocks of the S&P 500 index excluding the seven technology giants. Since mid-July, technology stocks have fallen 5.3% overall, but the S&P 500 index has fallen less than 1%, showing the resilience of other industries such as real estate and utilities, which have risen 11% each. In the past two years, technology giants such as Nvidia and Microsoft have become the main driving force of the market due to their profit growth and artificial intelligence layout. However, as concerns about slowing economic growth have intensified and expectations of an imminent interest rate cut by the Federal Reserve have emerged, investors have begun to turn to traditional industries such as real estate and consumer staples.
In the market turmoil, sectors that are usually inactive have performed well. Bloomberg Intelligence equity strategist Michael Caspe pointed out that investors tend to focus on companies whose earnings have turned from declining to growing, which has led them away from technology stocks and turned to 493 other stocks. After seven quarters of profit decline, the healthcare industry's profits increased by 16% in the second quarter, and this growth is expected to continue until the end of the year. Despite the market rotation, analysts remain optimistic about technology stocks and believe that large technology stocks are still an important allocation for many investors.
(2) Web3 field:
SoSoValue launches TokenBar, the first crypto investment community covering all tokens
SoSoValue announced the launch of a new crypto investment community, TokenBar, during Token 2049 in Singapore. Co-founder Jiva Kwan said that TokenBar is the first community that fully covers all kinds of crypto tokens and is investor-centric, aiming to become a long-term investment partner for users and realize the vision of equal information rights. The product has been officially launched after internal testing, and users are invited to participate in content construction and publish the first post.
Previously, SoSoValue completed a seed round of financing of US$4.15 million in June this year, with investors including HongShan, GSR Markets, Alumni Ventures and other well-known investors.
2. Hot events
Macro environment:
OpenAI plans to raise $6.5 billion at a $150 billion valuation
OpenAI is in the process of a new round of financing, and is expected to raise $6.5 billion from investors at a valuation of $150 billion, which is significantly higher than the $86 billion earlier this year, reflecting the market's strong confidence in the potential of its technology. The financing will be carried out through convertible notes, and major investors include Microsoft, Apple, and Nvidia.
CEO Sam Altman mentioned at a general staff meeting that the company structure may change next year to make it closer to a traditional for-profit enterprise. This change may remove the cap on investor returns, which will bring greater returns to early investors, but it may also raise questions about corporate governance and deviation from the non-profit mission. Although OpenAI said it will continue to focus on its non-profit mission, if the restructuring is unsuccessful, it may need to renegotiate valuations with investors, affecting the share conversion price.
Web3 Field:
Ambrus Studio completes multi-million dollar financing and launches its first Telegram game E4C: Demon Hunter
Ambrus Studio has completed a multi-million dollar Series A financing and launched its first Telegram game E4C: Demon Hunter. The financing was led by Spartan Group and followed by many top investment institutions. Ambrus Studio plans to launch the Web3 game incubation platform E4C, focusing on developing high-quality blockchain-based games to meet the needs of Web2 and Web3 players. Demon Hunter is an action shooting game with a bird's-eye view. Players will control the female mercenary Sehk to hunt demons. The game operation is simple but requires skills. The E4C platform is not only a game distribution platform, but will also integrate functions such as incubation, community and mission center. Ambrus Studio was founded in 2021 by Johnson Yeh, former CEO of Riot Games Asia Pacific, to enhance player experience and promote the mainstreaming of Web3 technology in the gaming industry.
3. Hot topic narrative
DAWN is a decentralized wireless network protocol that aims to provide users with fast, convenient and cheap wireless Internet through a user-driven mesh network. Its core concept is to turn Internet bandwidth into a tradable commodity, breaking the corporate monopoly and allowing anyone to participate in the use and sale. DAWN recently received another $18 million in financing led by Dragonfly, bringing the total financing to $33 million, which has attracted widespread attention.
In terms of mechanism innovation, DAWN adopts a series of unique designs. A decentralized bandwidth allocation system is formed by providing surplus bandwidth through nodes and selling it back to the public network. DAWN uses a robotic antenna system (RAS) with a point-to-multipoint radio antenna combination to automatically perform wireless configuration and adjustment, greatly reducing the threshold for user deployment. In addition, DAWN adopts a consensus mechanism based on proof of backhaul, proof of location, and proof of frequency to ensure the transparency and performance of the network. In order to incentivize network development, DAWN has designed a badge system, while effectively preventing token inflation through a revenue burning mechanism. These innovative mechanism designs enable DAWN to show unique advantages in the field of decentralized wireless networks.
DAWN's key team members include Neil Chatterjee and James Smits. Neil Chatterjee was previously the Vice President of Engineering at Dentboard and has been the CEO of Andrena since 2016. He has extensive experience in electrical engineering and attended Princeton University. James Smits is the co-founder and COO of Andrena, and previously served as a venture capital partner at KohFounders and Beta Bridge Capital, and worked as a business development assistant at Banyan Water and a mentor at the University of Melbourne's accelerator program. He graduated from Princeton University with a bachelor's degree in economics and environmental studies. The DAWN team's professional background in fields such as electrical engineering and economics provides a solid foundation for the project's technical and commercial development.
The DAWN project will have several developments worth paying attention to in the future, including the upcoming launch of the validator node, where users can download a browser plug-in to act as a validator node and receive early points rewards. In addition, as the project progresses, more hardware devices and software tools are expected to be released to support the construction of decentralized wireless networks. At the same time, the distribution and unlocking of DAWN tokens will also receive attention, which may affect the circulation and price trend of the tokens.
4. Potential Catalyst
Latin American cryptocurrency exchange Ripio has partnered with Visa to launch a DeFi credit card, allowing users to spend 30% of the crypto assets locked in the Compound liquidity pool. The credit card supports a variety of cryptocurrencies, including Bitcoin, Ethereum, USDC, USDT, and Ripio's stablecoin UXD. It is currently in the testing phase and users can apply by joining the waiting list. Ripio launched a Visa prepaid card that supports cryptocurrencies in 2022 and offers Bitcoin cash rewards.
2. Attention Value-Hot Projects
1. Social media hot spots
Ethereum is a decentralized, open-source public blockchain platform with smart contract functions. With the continuous development of Ethereum 2.0 and Layer2, it has become one of the most widely used blockchains. In July this year, the Ethereum spot ETF was officially approved for listing and trading. Although $ETH has fallen sharply in recent days due to reduced income and whale withdrawal, the market is still mainly optimistic due to its low inflation rate and strong development capabilities.
Key projects:
USDC
$USDC is a fully convertible cryptocurrency stablecoin co-founded by Circle and Coinbase in 2018. $USDC is an ERC-20 token built on the Ethereum blockchain, with each token equal to $1. Although $USDC currently occupies a leading position in the stablecoin market, it also faces some challenges. For example, emerging algorithmic stablecoins such as UST and FRAX are growing rapidly. In addition, as a centralized stablecoin, $USDC also has certain concentration risks.
Recently, the first-layer blockchain Sui Network announced that it will introduce native $USDC into its ecosystem. This integration is designed to support magnesium-backed digital applications in the fields of DeFi, gaming, and e-commerce. Users and developers on Sui will have a more seamless experience with $USDC.
2. Smart money builds a position
Smart money holdings
Source: ChainEDGE, Dot Labs
Project Introduction:
1. ANDY (@andycoinonerc /X)
$ANDY is a meme coin based on the Pepe the Frog animation IP, which was launched on both Ethereum and Solana blockchains in 2024. $ANDY was issued on both Ethereum and Solana and has good liquidity. Within less than 20 days of its launch, $ANDY had 3,269 addresses holding the coin, with a current market value of approximately $32 million and an Ethereum pool liquidity of up to $1 million, making it a standout in the meme coin craze.
2. $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.
Smart money flows in
Source: ChainEDGE, Dot Labs
Project Introduction:
1. FIGHT (@Fight2Maga /X)
$FIGHT (FIGHT TO MAGA) is a cryptocurrency token based on the Ethereum blockchain, inspired by former US President Donald Trump’s “FIGHT!” slogan. The token was launched after Trump faced legal challenges and aims to inspire supporters to fight for their beliefs, reflecting the intersection between politics and cryptocurrency.
2. FWOG (@solfwog /X)
$FWOG is an emerging token in the Solana ecosystem, which has attracted attention mainly for its community-driven nature and high volatility. As a meme token, FWOG has quickly gained popularity in the market, especially in the short period of time after its launch, showing significant price fluctuations. The token itself is based on the frog theme, continuing the animal style of well-known frog-themed tokens such as PEPE and Bome, and the painting style is combined with well-known anime IPs such as "Dragon Ball".
3. Attention Value-Sector Rotation
1. Hot topics
Source: Dune, Dot Labs
Source: Dune, Dot Labs
2. Inside the plate
Source: Dune, Dot Labs
