🚨 Today's Crypto Hotspot Collection, Get Market Focus in 1 Minute!

1. The crypto market experienced a "bull return" overnight, with total market capitalization returning to $4 trillion: The crypto market saw a strong rebound, with total market capitalization surging 5.6% within 24 hours, reclaiming the $4 trillion mark; the three major U.S. stock index futures rose nearly 1% simultaneously, with the direct trigger for the market sentiment recovery being Trump's mild remarks, "Don't worry, everything will be alright." However, the community jokingly remarked that "the U.S. stock market is closed on weekends, making this rebound more akin to a harvesting scenario targeting the crypto space," warning of short-term volatility driven by emotions.

2. Forbes Exposes Shocking News: Trump is Actually One of America's Top Bitcoin Investors: According to Forbes, Trump is considered one of the largest Bitcoin investors in the U.S., as he indirectly controls approximately $870 million in Bitcoin assets through shares in Truth Social's parent company - Trump Media & Technology Group. The revelation of this hidden position has sparked heated discussions in the market about "political and business connections to crypto assets."

3. Funding rates have dropped to bear market lows, with a strong bearish sentiment in the futures market: Glassnode data shows that the current funding rates in the crypto market have fallen to the lowest level since the bear market of 2022. Specifically, the perpetual contract funding rates for #BTC、ETH、SOL are all negative, with the SOL rate dropping to -0.0487%, reflecting that the bearish forces in the futures market remain dominant, and investors have doubts about the sustainability of a rebound.

4. BSC MEME Coin #GIGGLE has risen by 24%. The CZ concept has become the core driver: the MEME Coin GIGGLE on the BSC chain has performed remarkably, with an increase of over 24% in the last 24 hours, currently valued at 146 million USD. Reviewing its market patterns, each sudden price surge is often related to public statements by CZ (Zhao Changpeng). The "CZ concept coin" attribute is clear, and we need to closely monitor CZ's dynamics to capture short-term opportunities.

5. The BSC ecosystem assets collectively rebound, and the BNB ecosystem remains the focus: core assets of the BNB ecosystem such as ASTER, LISTA, FORM, #CAKE , etc., have all seen a violent rebound. Even though the market experienced a previous crash, the capital cohesion of the BNB ecosystem remains strong, making it a core focus of the current cryptocurrency market. The rotation opportunities within the ecosystem are worth tracking.

6. #SNX saw a single-day surge of 80%, with the mainnet trading competition acting as a catalyst: SNX price increased by 80% in one day, with the core positive news coming from the project's official announcement — the mainnet trading competition will start on October 20, and the event is expected to ignite market enthusiasm, significantly increasing short-term trading activity and capital inflow.

7. Privacy coins reclaim lost ground before a pullback, trading rhythm draws attention: Privacy concept coins like ZEC and DASH have previously reclaimed losses from sharp declines and reached recent highs, but both have seen a drop in last night's bullish altcoin market. This "counter-trend trading" rhythm is considered "quite artistic" by the market, and caution is needed regarding profit-taking pressure during sector rotations.

8. Spot gold has once again broken the historical high, Tether CEO supports BTC: The price of spot gold briefly reached 4050 USD/ounce, setting a new historical high; at the same time, Tether CEO publicly "called out" that "Bitcoin and gold will exist longer than any other currency," reinforcing the market perception of both as "safe-haven assets."

9. Analysis and Warning: The Aftermath of the Plunge May Last for Several Weeks; Risk Control Cannot Be Relaxed: Industry analysis indicates that the subsequent effects of this round of cryptocurrency market crash may take several days or even weeks to fully manifest. Even if the market rebounds currently, there may still be significant fluctuations due to sudden news. Investors should remain cautious and cannot relax risk control.

10. Grayscale submits SEC filing for TAO Trust, AI narrative heats up: Grayscale has officially submitted Form 10 to the SEC for the TAO Trust. The compliance process is advancing alongside the rising enthusiasm for the AI sector narrative, and the price of TAO has successfully recovered from the previous steep decline, making it one of the first assets in the AI concept sector to rebound.

11. Market sentiment has shifted from fear to neutral, with the seasonal index rising in tandem: The current cryptocurrency market Fear and Greed Index has risen to 40, falling within the "neutral" range, a significant improvement from yesterday's 31 (fear range), indicating that market sentiment has quickly recovered from panic; the seasonal index has also risen to 39, an increase of 7 points over the past two days, showing that short-term market vitality is gradually recovering.

12. This week's macro focus: Powell's speech on Tuesday night sets the tone: The core event at the macro level this week is Federal Reserve Chairman Powell's speech on Tuesday evening, and his remarks may influence the market's expectations for interest rate cuts, which in turn will affect the performance of risk assets, including cryptocurrencies, and should be closely watched.