Crypto Pulse——9/26 Market Dynamics and Hot Project Analysis

*Preface: BTC and ETH have fallen by 2.01% and 2.64% respectively in the past 24 hours, with current prices of $63,176 and $2,593. The ETH/BTC Exchange Rate remains at 0.04. The crypto market fear & greed index is 50, indicating a neutral performance. *

Market Trends

Yesterday, the market experienced a small to large pullback, with BTC falling from its high of $64,800 and AltCoins experiencing a general decline of 5%. On Friday, local time, the US will release the August Personal Consumption Expenditures Price Index (PCE). With the rate cut in place and the Fed mentioning the increasing balance of dual responsibilities, the importance of inflation data has diminished. However, considering the resistance and uncertainty faced by future prices as they approach 2%, unexpected rise in data may bring greater uncertainty to the loose policy path after the first rate cut. In terms of market hotspots, BTC fell from a high of $64,800 and is currently fluctuating around $63,000, leading to a slight pullback in the overall cryptocurrency market; in the public chain zone, SUI, after doubling in price for a week, its ecosystem’s memecoin has also attracted some of the meme trend traffic, with tokens like BLUB being hot recently; in the meme zone, old-school memecoins like WIF, PEPE, and DOGE experienced a slight pullback after following the market pump, but recently, Mars concept memecoins led by TERMINUS and MARS have been trending hot, with TokenMarket Cap repeatedly breaking new highs; in the AI zone, tokens in this track have seen a general rise recently, with WLD, SAI, AIT, NETMIND, and other tokens all experiencing significant gains, and WLD price breaking new highs within the month.

BTCSpotETF Fund Flow

Yesterday, the BTCSpot ETF in the United States saw a net outflow of 78.53 million US dollars, including: ARKB with a net outflow of 47.41 million US dollars, FBTC with a net outflow of 33.19 million US dollars, and BITB with a net inflow of 2.07 million US dollars. There were no fund inflows or outflows for other BTC ETFs. On the other hand, the US Ethereum Spot ETF had a net inflow of 33.85 million USD yesterday, including 26.63 million USD net inflow of Ether and 6.45 million USD net inflow of FETH.

Check out the latest price, chart and data for BTC/USDTSpot and BTCUSDTPerptual Futures!

Today’s Hot Projects

Today’s hot project is WLD, with a 24-hour increase of 12.81%. Worldcoin (WLD) is a global digital identity project co-founded by Sam Altman, CEO of OpenAI, aiming to establish a comprehensive global financial and identity network. Its core is World ID, a privacy-protecting global identity network that allows users to verify their uniqueness online through biometric features, while using Zero-Knowledge Proof to protect user privacy. Worldcoin announced last week that it has tested and launched its new facial recognition feature, making online verification of human identity more secure. At the same time, orb verification of World ID has been launched this week in three new countries: Guatemala, Malaysia, and Poland. The project’s progress has complemented the strong trend of Favourable Information in the AI ​​track, with WLD’s coin price rising by 12.81% in the past 24 hours, reaching a high of $2.177.

Check out the latest price, charts, and data for WLD/USDTSpot and WLDUSDTPerptual Futures!

Hot Discussion

Harris said the United States should take a “dominant” position in the blockchain field and reiterated support for digital asset. On September 26, according to The Block, Vice President Harris said on Wednesday at the Pittsburgh Economic Club that under her leadership, the United States will “recommit” to maintaining global leadership in defining the fields of the next century, “maintaining leadership in artificial intelligence and quantum computing, blockchain, and other emerging technologies.” Until last weekend, Harris had been silent on Cryptocurrency during her campaign. At a recent Wall Street fundraising event in Manhattan, Harris said that artificial intelligence and Cryptocurrency are part of her vision for the “opportunity economy.” Harris said in a fundraising campaign, “We will encourage innovative technologies such as artificial intelligence and digital assets, while protecting consumers and investors. We will create a safe business environment with consistent and transparent rules.” On Wednesday, she reiterated this view in an 80-page economic plan. VanEck analysts say the results of the November election may be mixed for Cryptocurrency. They say, ‘We believe that while both Harris and Trump are bullish on BTC, both have subtler impacts on the broader digital asset market, and both administrations may maintain fiscal spending, potentially leading to further quantitative easing, especially if anti-business policies intensify.’ They point out that Harris as president may be more favorable for BTC, as it would ‘accelerate many structural issues BTC adoption.’

Project Financing

AminoChain has completed a $5 million seed round of financing, the first ‘DeSci’ project invested by a16z. On September 26, according to official sources, AminoChain announced the completion of a $5 million seed round financing, led by a16z, also the first ‘DeSci’ (i.e. ‘Decentralization Science’) project invested by a16z. AminoChain is reportedly building an L2 blockchain protocol that connects enterprise medical institutions and building user-owned Decentralization healthcare applications on this protocol. The first application built on AminoChain is a biological sample marketplace that allows researchers to query and license samples through a network of biological sample libraries. Patients can track their sample usage, learn from new insights generated from the samples, and earn money by selling them.