Overview

Today, Bitcoin prices fluctuated around $67,000, with BlackRock's Bitcoin ETF holding a market value exceeding $26 billion. Since the Fed's rate cut in September, the two-year Treasury yield has risen by 34 basis points, indicating a reduced risk of recession. The market expects the Fed to lower rates by 128 basis points before 2025. The Meme sector has seen increased attention due to community enthusiasm and social media impact, driving up tokens like $giga and $goat. Meanwhile, dYdX founder Antonio Juliano has returned as CEO, planning to reboot the company, attracting significant market interest. Investors should remain agile in monitoring relevant developments..

Daily Macro

Bitcoin Market Situation

Bitcoin prices continue to hover around $67,000, with a relatively balanced market between bulls and bears. Additionally, BlackRock's Bitcoin ETF has surpassed a market value of $26 billion.

Macroeconomic Overview

Since the Fed's rate cut in September, the two-year Treasury yield has risen by 34 basis points, reflecting a lower risk of recession. Analysts believe strong data limits the scope for further rate cuts, with the market anticipating a 128 basis point reduction by the Fed before 2025.

Bitcoin ETF Situation

On October 22, BTC ETF saw a net outflow of $112 million, while ETH ETF had no significant inflows or outflows.

Daily Focus

Solana Meme

Reason for Attention: Meme coins have once again attracted a large number of investors due to community enthusiasm and the viral nature of social media. Recent online activity and discussions have sparked interest in these tokens, especially AI-related MEME and Cult MEME.

Related Token Performance (24h):

$goat: +8%

$giga: +10%

Market Analysis: Meme coins are highly volatile and significantly influenced by market sentiment and social media. In the short term, they may continue to attract speculators, but caution is advised as the market may correct; investors are encouraged to remain flexible.

Next Focus

dYdX Ecosystem

Reason for Attention:dYdX founder Antonio Juliano's return as CEO, planning a comprehensive company reboot, may bring new strategies and innovations. This change will be closely monitored by the market, especially amidst increasing competition in the DeFi space.

Related Assets:

dYdX tokens may benefit from the news of the founder's return, attracting more investor interest and potentially driving up prices.

How to Participate:

Investors can stay updated on dYdX platform developments, community announcements, and upcoming products. Additionally, considering trading on the dYdX platform to understand the implementation of its new strategies will be a worthwhile option.

CoinEx Daily：Bitcoin Continues to Fluctuate While Meme Coins Maintain High Interest