CoinEx Daily：Bitcoin Briefly Drops Below $60,000 Before Rebounding; Grayscale Launches AAVE Fund

Overview

Bitcoin briefly fell below $60,000 but has since rebounded to $61,000. Grayscale launched an AAVE Trust Fund, offering investment exposure to AAVE, which saw a short-term surge of over 4%.

Daily Macro

Bitcoin Market :Bitcoin briefly dipped below $60,000 but has since rebounded to $61,000. Ethereum touched $2,300 but did not break below it. The crypto market remains sluggish.

Bitcoin ETF :Preliminary reports from October 04 show a net outflow of $54.03 million yesterday.

Ethereum ETF :Preliminary reports from October 04 show a net outflow of $3.2 million yesterday.

Macroeconomic Data :Geopolitical factors and macroeconomic monetary policies continue to weigh on the crypto market, with Bitcoin repeatedly testing the $60,000 resistance level.

Daily Focus

AAVE

Reason for Focus: Rayhaneh Sharif-Askary, Grayscale’s Head of Products and Research, announced in a statement that Grayscale has launched a new fund offering investment exposure to AAVE. AAVE saw a short-term surge of over 4% but has since pulled back, currently priced at $144.

Related Token Performance (24H):

AAVE: +1.1%

Market Outlook: Following the introduction of a new tokenomics proposal and collaboration with the Trump family’s DeFi project, AAVE continues to perform strongly. The launch of Grayscale’s investment fund adds to the positive momentum, breathing new life into this veteran DeFi project.

Next Focus

MOG

Reasons for Focus: Former U.S. President Donald Trump tweeted his thanks to MOG and expressed his hope for votes.

Market Outlook: It is rare for a former U.S. president to publicly endorse a crypto project on social media, which has helped boost MOG’s price to some extent.