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

1. Mainstream cryptocurrencies fell alongside U.S. stocks, with the end of the government shutdown becoming an emotional variable: #BTC、 #ETH、 #SOL declined in sync, and market panic has not subsided, possibly due to the weak performance of U.S. stocks after the market opened. Attention should be paid to the progress of Trump signing the temporary funding bill at 9:45 PM Eastern Time tonight; if the government shutdown officially ends, it may provide short-term emotional support to the market.

2.# XRP spot ETF listing encounters cold reception, track dividend fades: XRP has become the sixth cryptocurrency to be listed as a spot ETF in the United States, but the launch of the ETF has not driven up prices, reflecting that the "ETF pump effect" has significantly weakened, and the market's sensitivity to such tools' positive news has greatly decreased.

3. Aerodrome Cross-Chain Integration, New Competitor in the DEX Track: The Base chain DEX project Aerodrome has announced its expansion to the Ethereum mainnet and Circle Arc blockchain, and will unify with Velodrome under the name AERO. This move may make it the strongest competitor to UNI, and attention should be paid to its liquidity and user migration progress after the cross-chain integration.

4. The rebound of DEX tokens is short-lived, and the risk of pump and dump is increasing: DEX tokens like UNI and MET rose and then fell, making it difficult for market sentiment to sustain the rebound. Currently, it is important to be wary of the temptation risks of various "pump and dump coins" and to avoid being trapped after chasing high prices.

5. #ZEC has rebounded from the bottom, and the big players have clearly defined the buying range: ZEC rebounded over 15% after touching the weekly EMA5 moving average. Former BitMEX CEO Arthur Hayes publicly stated he would buy in the range of 300-350U, providing a clear reference range for bottom-fishing for this coin.

6. PEPE whales have cleared their positions, and established MEME coins are collectively weakening: a certain PEPE whale has "surrendered" and cleared its positions, with a peak holding value of 46 million USD. The recent performance of established MEME coins such as DOGE and PEPE has been sluggish, reflecting a decline in market interest in traditional Meme narratives.

7. Circle Q3 financial report releases Arc signals, stablecoin ecosystem expands: Circle released its Q3 financial report, revealing plans to explore issuing native tokens on the Arc network, with total revenue reaching $740 million. The Arc network is positioned as a stablecoin deposit project, and future attention should be paid to its funding channels and ecological layout, allowing for advance preparation of funds to participate in potential opportunities.

8. Lighter tops the Perp trading volume chart, data authenticity in question: According to Defilama data, Lighter ranks first in the 24-hour trading volume among mainstream Perp platforms, followed closely by Hyperliquid, Aster, and EdgeX. The market questions the high trading volume of Lighter, suggesting the possibility of "wash trading," and urges caution in assessing the authenticity of its ranking.

9. SEC Chairman Clarifies Classification of Crypto Assets, Definition of Securities Narrowed: The SEC Chairman categorizes crypto assets into four categories: digital commodities, digital collectibles, digital tools, and tokenized securities, with only "tokenized securities" being defined as securities. This classification may provide clear grounds for regulatory qualification for some projects, benefiting the industry's compliance in the long run.

10. MSTR's market value has fallen below the value of its BTC holdings, revealing an arbitrage opportunity: The Strategy mNAV (market value to BTC holdings value ratio) has fallen below 1, indicating that MSTR's market value is now less than the value of the BTC it holds. The market generally believes that "buying BTC directly is more cost-effective than buying MSTR," and although MSTR may continue to decline, it is unlikely to sell its BTC due to the absence of a "death spiral" risk.