Encryption market dynamics-2.14

1. Analysis of the trend of mainstream currencies
1. Bitcoin (BTC) has shown significant resistance in the oscillating market, and its core value support comes from continuous capital inflows. The current market consensus is that Bitcoin, which has the ability to absorb incremental funds, is still the preferred choice for digital asset allocation.
2. Ethereum (ETH) exchange rate has been under pressure recently, the only positive factor comes from the progress of the ecosystem construction - the official is promoting the upgrade of DeFi protocol, effectively reducing the secondary market selling pressure through the locking mechanism, this measure has attracted some holders to deposit ETH into smart contracts.
2. Public Chain Ecology Dynamics
3. The recent price fluctuations of the BNB chain are highly correlated with market sentiment, especially during the period when the exchange founder released NFT pet-related updates, causing prices to fluctuate sharply in the range of $730 to $670. It is worth noting that the on-chain trading system experienced network congestion during the peak of the event, making real-time trading tools difficult to operate normally.
4. The funds of SOL and BNB show a see-saw effect. Monitoring data shows that some investors have been frequently switching assets between the two public chains recently, reflecting the characteristic of rapid rotation of market risk preferences.
Three, regulation and enterprise trends
5. The latest document from the SEC shows that the revised XRP spot ETF proposal submitted by Grayscale has been formally accepted, and the DOGE ETF application from the New York Stock Exchange is also under review. The regulatory attitude towards cryptocurrency financial products is showing marginal improvement.
6. Traditional listed company GameStop disclosed in its latest financial report that it is evaluating the feasibility of incorporating bitcoin and other encryption assets into the company's balance sheet, marking the deepening involvement of real enterprises in the encryption market.
Four, project and market data
7. The decentralized trading platform announced the launch of token economic model optimization, planning to use 50% of the protocol revenue for a three-year token repurchase and lock-up. This mechanism, different from the traditional burning model, aims to establish long-term value anchoring.
V. Risk Warning
8. The launch of the official token of the NFT project Doodles has sparked controversy, with analysis pointing out design flaws in its token economic model. The project party may take advantage of the market heat to cash out, so investors are advised to remain cautious.
After the AI project Myshell completed an IDO with an oversubscription of 114 times, the token price experienced drastic fluctuations in the secondary market, with the highest increase reaching 9000% on the first day, now maintaining oscillations at the 2000% level, reflecting the irrational frenzy of the market for the artificial intelligence track.
Six, Macroeconomic Impact
10. Federal Reserve policy observers pointed out that some sub-indices in the January PPI data weakened, which may affect the upcoming core PCE price index, potentially bringing short-term liquidity expectations changes to the cryptocurrency market.
11. The adjustment of US trade policy may delay the implementation of the planned new tariff policy until April, and the continuation of policy uncertainty is supportive of the prices of risk assets.
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