Crypto Pulse——11/7 Market Trends and Hot Project Analysis

Beginner11/7/2024, 4:30:38 AM
Crypto Pulse focuses on the latest developments in the cryptocurrency industry, delivering up-to-date market analysis and insights.

Preface:
Over the past 24 hours, Bitcoin and Ethereum have surged 5.78% and 13.51%, reaching $75,374 and $2,835, respectively, with the ETH/BTC exchange rate steady at 0.036. The Crypto Fear & Greed Index sits at 77, reflecting Greed.

Yesterday, BTC reached a new all-time high of $76,000! The total crypto market cap surpassed $2.6 trillion with a 24-hour growth of 7.1%, with the entire crypto market in a bullish rally led by DeFi, where altcoins surged by 20%. This milestone is backed by sustained liquidity from the previous rate cut cycle, Bitcoin’s historic November rally trend, and the election of a pro-crypto president in the U.S. On November 8, the Federal Reserve will meet, with a 99.4% probability of a 25 basis point rate cut, which could further boost the market.

  • Public Chain Sector: SOL broke $190, and SUI hit $2.35, setting all-time highs as their DeFi ecosystems recovered, with Meme tokens also surging.
  • Meme Sector: Popular tokens like LUCE, PNUT, and GOAT saw strong gains, with DOGE topping $0.22. However, Trump-themed Meme tokens such as MAGA and FIGHT dropped 50% following his election news.
  • DeFi Sector: With Trump’s victory expected to ease DeFi restrictions, the sector experienced gains, with UNI, AAVE, and LDO all rising over 30%.

Spot Bitcoin ETF Flows


Yesterday, U.S. spot Bitcoin ETFs had a net inflow of $622.7 million. ARKB saw a net inflow of $127 million, BTC had $108.8 million, and GBTC received $30.9 million.
Check Out the Latest Prices, Charts, and Data of BTC/USDT Spot and BTCUSDT Perp!

Daily Spotlight

Today’s spotlight is AAVE, up 34.7% in 24 hours. Founded in 2017, Aave (AAVE) is a decentralized lending platform on Ethereum, enabling users to lend, borrow, and earn interest on crypto without intermediaries. With smart contracts, collateralized loans, and interest-bearing aTokens, Aave also offers instant loans. As a DeFi leader, AAVE could benefit from Trump’s expected pro-crypto policies, including regulatory easing. His family’s project, World Liberty Financial (WLFI), may seek collaboration with AAVE, boosting the latter, which reached $180.
Check Out the Latest Prices, Charts, and Data of AAVE/USDT Spot and AAVEUSDT Perp!

The Word on the Street

Vice President Harris Concedes Election Loss
On November 7, the AP reported that on November 6, U.S. Vice President and Democratic presidential candidate Kamala Harris gave a concession speech at Howard University in Washington, D.C. Harris expressed her acceptance of the election outcome and her intention to assist in a peaceful transition of power to Trump and his team. Earlier, Harris had called Trump to congratulate him on his victory.

Project Funding

Vlayer, a verifiable data infrastructure, raised $10 million in a pre-seed round led by a16z CSX, Credo Ventures, and BlockTower Capital. Vlayer is a crypto startup focused on developing “verifiable data infrastructure,” also known as “Solidity 2.0.” Its goal is to enable developers to verify and integrate real-world data into Ethereum smart contracts by introducing new functionalities: time travel (using historical on-chain data for contracts), teleportation (operating contracts across multiple EVM-compatible networks), web proof/zkTLS (verifying and integrating web content, including APIs and websites), and email proof/ZK email (accessing and verifying email content).

* Đầu tư có rủi ro, phải thận trọng khi tham gia thị trường. Thông tin không nhằm mục đích và không cấu thành lời khuyên tài chính hay bất kỳ đề xuất nào khác thuộc bất kỳ hình thức nào được cung cấp hoặc xác nhận bởi Gate.io.
* Không được phép sao chép, truyền tải hoặc đạo nhái bài viết này mà không có sự cho phép của Gate.io. Vi phạm là hành vi vi phạm Luật Bản quyền và có thể phải chịu sự xử lý theo pháp luật.

Crypto Pulse——11/7 Market Trends and Hot Project Analysis

Beginner11/7/2024, 4:30:38 AM
Crypto Pulse focuses on the latest developments in the cryptocurrency industry, delivering up-to-date market analysis and insights.

Preface:
Over the past 24 hours, Bitcoin and Ethereum have surged 5.78% and 13.51%, reaching $75,374 and $2,835, respectively, with the ETH/BTC exchange rate steady at 0.036. The Crypto Fear & Greed Index sits at 77, reflecting Greed.

Yesterday, BTC reached a new all-time high of $76,000! The total crypto market cap surpassed $2.6 trillion with a 24-hour growth of 7.1%, with the entire crypto market in a bullish rally led by DeFi, where altcoins surged by 20%. This milestone is backed by sustained liquidity from the previous rate cut cycle, Bitcoin’s historic November rally trend, and the election of a pro-crypto president in the U.S. On November 8, the Federal Reserve will meet, with a 99.4% probability of a 25 basis point rate cut, which could further boost the market.

  • Public Chain Sector: SOL broke $190, and SUI hit $2.35, setting all-time highs as their DeFi ecosystems recovered, with Meme tokens also surging.
  • Meme Sector: Popular tokens like LUCE, PNUT, and GOAT saw strong gains, with DOGE topping $0.22. However, Trump-themed Meme tokens such as MAGA and FIGHT dropped 50% following his election news.
  • DeFi Sector: With Trump’s victory expected to ease DeFi restrictions, the sector experienced gains, with UNI, AAVE, and LDO all rising over 30%.

Spot Bitcoin ETF Flows


Yesterday, U.S. spot Bitcoin ETFs had a net inflow of $622.7 million. ARKB saw a net inflow of $127 million, BTC had $108.8 million, and GBTC received $30.9 million.
Check Out the Latest Prices, Charts, and Data of BTC/USDT Spot and BTCUSDT Perp!

Daily Spotlight

Today’s spotlight is AAVE, up 34.7% in 24 hours. Founded in 2017, Aave (AAVE) is a decentralized lending platform on Ethereum, enabling users to lend, borrow, and earn interest on crypto without intermediaries. With smart contracts, collateralized loans, and interest-bearing aTokens, Aave also offers instant loans. As a DeFi leader, AAVE could benefit from Trump’s expected pro-crypto policies, including regulatory easing. His family’s project, World Liberty Financial (WLFI), may seek collaboration with AAVE, boosting the latter, which reached $180.
Check Out the Latest Prices, Charts, and Data of AAVE/USDT Spot and AAVEUSDT Perp!

The Word on the Street

Vice President Harris Concedes Election Loss
On November 7, the AP reported that on November 6, U.S. Vice President and Democratic presidential candidate Kamala Harris gave a concession speech at Howard University in Washington, D.C. Harris expressed her acceptance of the election outcome and her intention to assist in a peaceful transition of power to Trump and his team. Earlier, Harris had called Trump to congratulate him on his victory.

Project Funding

Vlayer, a verifiable data infrastructure, raised $10 million in a pre-seed round led by a16z CSX, Credo Ventures, and BlockTower Capital. Vlayer is a crypto startup focused on developing “verifiable data infrastructure,” also known as “Solidity 2.0.” Its goal is to enable developers to verify and integrate real-world data into Ethereum smart contracts by introducing new functionalities: time travel (using historical on-chain data for contracts), teleportation (operating contracts across multiple EVM-compatible networks), web proof/zkTLS (verifying and integrating web content, including APIs and websites), and email proof/ZK email (accessing and verifying email content).

* Đầu tư có rủi ro, phải thận trọng khi tham gia thị trường. Thông tin không nhằm mục đích và không cấu thành lời khuyên tài chính hay bất kỳ đề xuất nào khác thuộc bất kỳ hình thức nào được cung cấp hoặc xác nhận bởi Gate.io.
* Không được phép sao chép, truyền tải hoặc đạo nhái bài viết này mà không có sự cho phép của Gate.io. Vi phạm là hành vi vi phạm Luật Bản quyền và có thể phải chịu sự xử lý theo pháp luật.
Bắt đầu giao dịch
Đăng ký và giao dịch để nhận phần thưởng USDTEST trị giá
$100
$5500
It seems that you are attempting to access our services from a Restricted Location where Gate.io is unable to provide services. We apologize for any inconvenience this may cause. Currently, the Restricted Locations include but not limited to: the United States of America, Canada, Cambodia, Cuba, Iran, North Korea and so on. For more information regarding the Restricted Locations, please refer to the User Agreement. Should you have any other questions, please contact our Customer Support Team.