CoinEx Daily：Bitcoin Dips After Brief Surge, Meme Tokens Continue to Dominate, Key Economic Data and Regulatory Developments Loom

Overview

After briefly surpassing $64,000, Bitcoin retraced to $62,000. Meanwhile, meme coins continue to shine with $SOL leading the pack. Solana remains dominant in new token issuance, and meme coins have surpassed a total market cap of $54 billion. Regulatory developments are in focus, with the U.S. Supreme Court rejecting a case involving Silk Road’s Bitcoin and FTX's reorganization plan approved, which will return $16 billion to creditors. 

Daily Macro

Bitcoin Market: Bitcoin saw a brief rise above $64,000 but quickly dropped back to $62,000. Despite the dip, IBIT reported pre-market trading volume reaching $14 million, with 30% consisting of active buy orders.

Bitcoin ETF: On October 8, the report initially showed yesterday’s net income of $233.8 million.

Macroeconomic Data: Investors should watch for Thursday's CPI data and multiple speeches by Federal Reserve officials this week. Additionally, China is set to announce new economic recovery measures as its stock market reopens.

Daily Focus

Solana Meme

Reason for Focus: Chiliz’s recently announced $PEPPER airdrop snapshot will take place on October 10th at 0:00 (UTC), and since Fan Token is also affected by the snapshot, the price will be affected.

Related Token Performance (24H):

OG: +124.75%

SANTOS: +49.77%

LAZIO: +37.03%

Market Outlook:  It is expected that prices will continue to rise in the future driven by airdrops and market speculation, but risks need to be noted.

Next Focus

Sui

Reasons for Focus: Institutions and exchanges continue to cooperate with protocols within the Sui ecosystem to inject liquidity and attract market attention.

Market Outlook: Users can participate in more interactions with protocols within the ecology to obtain potential airdrops in the future.