I. Attention Value-Market Highlights
1. Market Trends
(1) Macroeconomic Environment:
l The rise in the US core PCE price index has prompted the Fed to consider a pause in rate cuts
On November 27, the US Department of Commerce report showed that while the inflation indicator met expectations, the data for October rebounded to 2.8% compared to September, providing support for Fed officials to take a more cautious approach to future rate cuts. The Fed's key inflation indicator - the core PCE price index excluding volatile food and energy - rose 2.8% year-on-year in October, in line with expectations, and the highest level since April this year, compared to 2.7% in September.
Although the US inflation rate has declined significantly since the Fed began tightening monetary policy, inflation remains a thorny issue for households. Over the past two years, while inflation has moderated, its cumulative impact has had a severe impact on consumers, especially low-income families.
The Fed cut rates by a total of 75 basis points at its meetings in September and November. The latest meeting minutes show that several officials support a gradual rate cut and raise the possibility of a rate hike pause.
The latest PCE data further confirms the consensus among Fed officials: as long as the US labor market remains healthy and the economy continues to grow, there is no need to rush to cut rates. With strong economic data and rising inflationary pressures, market expectations for future monetary policy have begun to diverge. Although the market still expects the Fed to cut rates again in December, market confidence has weakened due to concerns that some policies may push up inflation.
(2) Web3 Sector:
l ETH breaks above $3,600 for the first time since June, CryptoQuant analyst says the "second bull market" of Ethereum has begun
According to Followin, ETH broke through $3,600 this morning, rising more than 8.5% in the past 24 hours, reaching a high of $3,680, a new high since June. Open interest also broke through $24 billion, a record high, up 16.14% in 24 hours. It is worth mentioning that while Ethereum is performing relatively strongly, it has also triggered a surge in Altcoins, with the decentralized finance (DeFi) concept sector performing particularly well, and mainstream tokens in the Ethereum ecosystem such as ENS, ETHW, ETHFI, and ZK generally rising.
2. Hot Events
Macroeconomic Environment:
l A new era of US stock trading: the first 5-day 23-hour exchange is approved, ushering in the era of 24/7 trading
The US securities market is undergoing a major transformation, with the startup 24 Exchange, supported by the Point72 Ventures fund, announcing that it has received approval from the US Securities and Exchange Commission (SEC) to operate the 24X National Exchange, which will become the first national securities exchange to operate 5 days a week, 23 hours a day.
The exchange plans to launch in phases in the second half of 2025, with the first phase operating from 4am to 7pm Eastern Time, and the second phase extending from Sunday 8pm to Friday 7pm Eastern Time, with the new exchange operating under SEC regulation.
Analysts point out that a regulated nighttime exchange will significantly change the market landscape, providing a transparent trading environment with official records, which will help investors obtain better prices. However, this may also lead to fewer participants in overnight trading, increasing price volatility risks. In addition to the 24X National Exchange, other exchanges such as NYSE Arca and Robinhood are also actively exploring extended trading hours to meet market demand for 24/7 trading.
Web3 Sector:
l A new mixed crypto ETF is launched, covering 10 major crypto assets
Asset management firm Bitwise announced on November 27, 2024 that it has applied to the US Securities and Exchange Commission to launch a new mixed crypto ETF, which will include 10 major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), Cardano (ADA), Avalanche (AVAX), Chainlink (LINK), Bitcoin Cash (BCH), Polkadot (DOT) and Uniswap (UNI). This new ETF is actually an upgrade of Bitwise's fund product launched in 2018, aiming to obtain SEC approval so that its fund shares can be publicly traded on the stock exchange. Bitwise has chosen the New York Stock Exchange Arca as the trading platform for the new fund, while Coinbase will provide crypto custody services.
According to Bloomberg ETF expert James Seyffart, the SEC is currently processing 14 new applications or proposals to convert existing products into crypto ETFs, and the approval process may extend to 2025.
l TikTok meme craze sweeps the crypto market: tiktok meme market cap reaches $600 million instantly
ChillGuy is a character created by artist Phillip Banks in 2023. This anthropomorphized character wears a sweatshirt, jeans and sneakers, with his hands in his pockets - just a completely nonchalant guy. The artist's simple character setting is: "He's just a completely indifferent, chill dude."
5 days ago, the $CHILLGUY token was born on the Solana chain. Initially, the price of CHILLGUY was not hot, but on the 20th it suddenly surged, with a market capitalization of over $2 billion, and the highest price reached around $0.23, with a trading volume of over $1 billion.
Quickly, the market capitalization of ChillGuy broke through $6 billion in a short period of time, rapidly attracting the attention and love of a large number of young users. In this wave of enthusiasm, the price of ChillGuy experienced a surge of dozens of times in a short period of time, attracting the attention of a large number of new investors. The celebrity effect on social media also played a key role, including the reposting of well-known figures such as the President of El Salvador and Musk, further promoting the popularity of ChillGuy. In addition, Google Trends data shows that the search volume for how to buy ChillGuy has surged in the US region, indicating that more and more people are showing a strong interest in this token. As exchanges quickly list ChillGuy, the popularity of this token seems to be continuing.
II. Attention Value-Hot Projects
1. Project Introduction
l $Mona | AI | @mona_witchy
- $Mona is an AI Agent created using heuristic API through the Eliza framework.
- AI16Z founder-focused AI project issued coin, with a maximum increase of +3000%.
- @heurist_ai is dedicated to developing the Mona AI agent and its community.
III. Attention Value-Sector Rotation
1. Hot Sectors
Source: Dune, Dot Labs
Source: Dune, Dot Labs
2. Sector Rotation
Source: Dune, Dot Labs
