Market dynamics on August 16: Strong retail and employment data in the United States, economic recession concerns eased, interest rate cut expectations withdrawn

I. Market Dynamics

1. BTC plummeted, with altcoins generally falling. The contract rate of BTC has turned negative.

2. U.S stocks surged significantly. Robust retail sales and employment in the United States have eased concerns about economic recession, leading to a market withdrawal from heavy interest rate cut bets.

II. Market Focus

1. Public chain FTM rebounded, with big shot AC taking up the position as CTO of the new EVM chain SONIC.

2. MEME's BOME rose in value. BOME, PIXEL, ARKM and others are now listed on exchanges.

3. NEIRO tokens soared as offline promotions have been initiated in the market.