Overview

Today, as the U.S. stock market opened lower and continued to decline, Bitcoin ($BTC) remained in its consolidation range, closely following the stock market trend. Coinbase's Bitcoin Premium Index is currently at -0.1493%, indicating cautious market sentiment. Ethereum ($ETH) reached a new low, with the Ethereum Foundation continuing to sell ETH, reflecting a short-term bearish outlook on ETH. Solana ($SOL) showed the strongest performance, attracting more investor attention due to its resilience compared to other cryptocurrencies.

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

The Federal Reserve’s Beige Book report highlighted that inflation remains moderate, and economic activity across almost all regions has seen little change since early September. This mild macroeconomic backdrop provides some support for the cryptocurrency market.

ETF Situation

On October 23, BTC ETFs saw a net inflow of $199 million, while ETH ETFs had a net inflow of $1.18 million.

Daily Focus

Solana Ecosystem

Reason for Attention: Despite the broader market’s downward trend, Solana ($SOL) has demonstrated strong resilience, maintaining a solid performance. Its ecosystem’s MEME projects continue to attract active users and capital, driving the network’s activity. Additionally, Solana-related DeFi projects have seen significant growth, further solidifying the ecosystem’s market position.

Related Token Performance (24h):

$SOL: +3%

$JUP: +10%

$JTO: +8%

Market Analysis:

The strong performance of the Solana ecosystem is supported by several factors, particularly the high user engagement and capital inflows into its MEME projects. This has had a positive impact on short-term market sentiment. The growth of DeFi projects also indicates that the Solana ecosystem has the potential for further expansion in the future. While the market is expected to continue its upward trend, investors should remain mindful of volatility and consider their risk tolerance when deciding whether to enter or stay on the sidelines.

Next Focus

Virtuals Protocol

Reason for Attention:Virtuals Protocol integrates AI, tokenization, and decentralized governance to create a co-owned ecosystem. For each new AI agent, 1 billion tokens are minted, granting users ownership and decision-making power. This not only encourages user participation in agent behavior and upgrades but also attracts increasing community engagement. The token buyback-and-burn mechanism, along with AI agents' real-time learning and continuous improvement across multiple platforms, makes it a steadily growing ecosystem. As AI applications become more widespread, especially in gaming and entertainment, the demand for $VIRTUAL and AGENT tokens is expected to rise.

Related Assets:

$VIRTUAL, the core token of the ecosystem, is not yet listed but is worth monitoring.

AGENT tokens are directly tied to each new AI agent, and their value will be influenced by each new agent launch and community performance.

How to Participate:

Investors can lock $VIRTUAL tokens to participate in Initial Agent Offerings (IAO), creating liquidity pools and directly supporting new AI agent launches. Additionally, by purchasing $VIRTUAL, users can participate in AI agent governance and ecosystem growth. Moreover, users can enhance their engagement by paying for virtual events or premium features with $VIRTUAL, further increasing its value.

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