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VIPBitget VIP Weekly Research InsightsIn the wake of the market narrative surrounding the "Solana Killer," SUI, which recently launched the Grayscale Sui Trust and Binance futures, has doubled in value within a month. The leading projects in the Sui ecosystem have also benefited from the generous subsidies and strong support provided by the Sui Foundation. This surge has brought numerous opportunities within the Sui ecosystem.
MemeFi is a meme-based gaming app that introduces tokenized divisible character ownership enhanced with ERC-404 functionality.
VIPBitget VIP Weekly Research InsightsAs the Federal Reserve begins its interest rate cut cycle, the cryptocurrency market is experiencing a broad recovery. Alongside mainstream assets like BTC and ETH, the AI sector has also rebounded rapidly. The convergence of AI and crypto has emerged as a compelling narrative in this market cycle, attracting numerous tech teams and venture capital firms. Leading projects in the space have shown significant growth. Recommended projects to watch closely include Bittensor (TAO), Near Protocol (NEAR), and Arkham (ARKM).
- 04:49Citibank: October non-farm data will significantly slow down, market focus will not return to economic recessionThe Federal Reserve has not yet declared victory in the fight against inflation, but policymakers have shifted some attention to the maximum employment part of their dual mandate. Citi economist Veronica Clark said in a recent report, "October non-farm data will be an important confirmation or denial of stronger September data, but it may not be enough to shift market attention back to the risk of a US economic recession," However, October's data will reflect the ongoing impact of Boeing strikes and hurricanes. Clark estimates that these factors could reduce employment by 70-80 thousand. Citi's view on non-farm employment data is more moderate than generally expected, predicting an increase of 90 thousand people and a slight rise in unemployment rate to 4.23%. In addition, Citi stated that any downward adjustment to September's data could be more significant than usual.
- 04:47In the past 13 hours, a certain whale has withdrawn 5 million US dollars from CEX to bet on the US election in PolymarketAccording to Onchain Lens monitoring, in the past 13 hours, a certain whale has withdrawn $5 million from CEX and placed bets on Polymarket about who will win the US election. They bought shares of "YES" for Trump and "NO" for Harris. This whale traded in six markets and still holds $907,000 worth of USDC available for betting.
- 04:44Analyst: Bitcoin market warning, high leverage triggers a drop in volumeAccording to Crypto Hunter on X, after the author reminded investors not to be blindly optimistic in yesterday's market analysis, the Bitcoin (BTC) market quickly showed a trend of sharp decline. The current daily chart has formed a dusk star pattern, which is a typical top reversal signal. From the perspective of coin-based holdings, Bitcoin's holdings have not significantly decreased and the market leverage is still at a high level. The market currently lacks positive signals and it is not advisable to rush to buy at low prices. Effective market turning signals include significant improvements in macro liquidity, significant reductions in leverage rates, and noticeable weakening of sell orders.
