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Meme Coin Moo Deng’s Major Price Drop Isnt' Fazing This Large Bag Holder Moo Deng, a meme coin inspired by Thailand's pygmy hippo, saw a rapid rise and fall in market capitalization, with one early buyer holding onto $5 million despite the price drop. Liquidity issues in meme coins like Moodeng can lead to significant price swings and market chaos.

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Powell acknowledged that Q1 inflation data had dented his confidence and described Tuesday's PPI report as a "mixed bag."

Recently, Shanghai SenseTime Technology Co., Ltd. has applied for the registration of two "Tangbao" trademarks, with international classifications for design research and scientific instruments. The current status of the trademarks is being applied for registration, and the service items under the design research category include artificial intelligence technology consulting, etc.

Are altcoins cooling down? analysts' views on the market this cycle Xu long investors expressed concern about the Crypto Assets market correction in this cycle. The falling price of Bitcoin dragged down the alt, and as a result, some areas of the Crypto Assets community began to brew more pessimism. Analysts and traders assure investors that market Fluctuation is a normal part of the process. Some urged the community to look at the bigger picture, as altcoins remain above levels not seen in longest years. Altcoin Sherpa, a prominent Crypto Assets alts analyst, weighed on the matter, exploring some of the reasons and differences why this Bull Market cycle is different from the 2020s. In an X post, alt Sherpa asserted that "there is a good chance that altcoins will be phased out in the next 1-4 months". According to the analyst, most long markets need to "calm down and consolidate after such a big upside pump". Despite the recent market capitalization fall breaking $1 trillion, alts has performed well over the past few months. According to the data, in 2024, the Crypto Assets market capitalization rise excluding Bitcoin increased by 22.79%. alts market capitalization has also surged significantly over a longer period of time, rise by 91.31% and 52.46% over the past six months and last year, respectively. Sherpa called it a "big pump" that put the Crypto Assets market at 2022 levels. However, what worries the Crypto Assets analyst is that, despite the overall good performance, "Xu long alternatives haven't even worked as hard in the past few months." He made his point with Chainlink's native Token, LINK. Despite accumulating over 500 days, LINK investors only made 3-4x gains, depending on when they entered. Now the price of the Token is on a "strong pullback". Anticipation of altcoins in this cycle seems to play an important role in the current mood. As one X user pointed out, LINK is expected to be one of the biggest winners of the cycle, to which Sherpa replied that he was "expecting longest haha." The user jokingly commented, "Without dinosaur coins, new, shiny hard coins are a better option." ” Previous comments have highlighted the significant differences between this Bull Market and the 2020s. Since the market has expanded significantly, it has become more difficult to choose your bag. Sherpa believes that "now more than ever, it is important to choose altcoins that can run strongly." In 2020, the massive alt season made "everything pump up one after another." This time, Liquidity is more fragmented, with "only a handful of sectors pumping." The AI and internet meme space is the hottest topic in 2024, and Layer 1 (L1) Tokens like SEI are also performing well. "Is there anything else? not very good," the Sherpa commented. A large number of Token, both newly launched and old Token, find it more difficult to "attract attention/attention". For retail investors, the default choice is memecoin rather than "trying to understand something Decentralized Finance veRewards type," which is not surprising to analysts. Or Oracle, L1, modular, or whatever. The analyst advises investors to "turn to real value," such as ETH and SOL. He also believes that large token issuances backed by a lot of money "have some real value". As stated in the post, these Tokens have the potential to "outperform" once Bitcoin stabilizes. Sherpa market analysis ends with a "rather pessimistic" outlook for the coming months. For longest projects, it is becoming increasingly difficult to maintain user attention and "make people strong users/community members", which makes the market a different playground. Ultimately, the analyst noted that "portfolio rebalancing is necessary" and said he still believes that this round of movement is not over. (Source: Rubmar Garcia)

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Anatoly Yakovenko, co-founder of Solana and CEO of Solana Labs, said that the meme deal is bizarre, but it provides a welcome stress test for the network. For Solana, the meme boom ended up being a mixed bag, leading to an influx of usage and liquidity, but also issues with its architecture that made some traders unhappy. Anatoly Yakovenko has stated that she doesn't know why Solana has become the preferred ecosystem for degen meme traders over Ethereum, with some speculating that this is due to Solana's fees, which are often much lower than those on other networks. （CoinDesk）

Two months ago, a giant whale bought 200 billion FLOKI, and it is currently making a floating profit of $27.78 million According to The Data Nerd, whales 0xF63 amassed 200 billion FLOKI ($6 million) two months ago, with an average price of $0.0003. So far, he has not sold any FLOKI, and the unrealized profit is about $27.78 million. HE ALSO HAS SHIB (ABOUT $42.3 MILLION) AND BIGTIME (ABOUT $5.54 MILLION) IN HIS BAG.

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How will it go in this market? How to go in batches? How to go without batches? Today, we will give you an analysis of the market from this direction. With a total of 66,465.2 Bitcoin, ID has become the tenth largest Address for Bitcoin holders, with a combined cost of $25,176. That's probably the generation he bought at a position almost at the bottom, Fuyin $1.148 billion, 68% profitable. And Cuanbeis also said that it is fully prepared for the launch of SpotBitcoin ETFs. Ahead of ETF approval, Bitcoin bulls could be worrying. The $43,000 ShortBitcoin, I believe that some people have taken some short-term profits at this price, and even Short around 43,000. It is expected that the maximum price will rise to the high of our money, and even reach our 46,000 to 48,000 generation, supported by the positive decision of the ETF. So if the ETF is rejected, how does the price go? Do you remember the situation of one of our OptionsDelivery before, that is, 10 billion Options expired two days ago. Options expire, and his pain point is $33,000 and $1,800 for a house. But at that time, it did not fall, but only fell to more than 41,000 and rebounded. If the ETF is not approved, the price is likely to go to 40,000 again, to our 144BNA range. Then the last chance for us to get on the bus for the second time will come, just like a normal BitcoinBull Market, we will start to build the bottom and start a new round of Bull Market market. So regardless of whether the ETF is approved or not, a Bull Market for Bitcoin will come. Why? Because people tend to overestimate the initial impact of Bitcoin ETFs and underestimate the long-term impact of SpotBitcoin ETFs. Then people will tend to hype up the current situation, but they will still be relatively indifferent to the big picture. So this ETF made everyone quarrel, and they didn't think about the current and future Bitcoin is also around the range of our 50-day moving average and 20-day moving average. The support below the 20-day moving average is 40,480 a bag, which is our previous low price. The upper resistance is 43,000 per bag. The RSI is now around our 50 level and is still strong. Okay, let's take a look at Ethereum.

According to Golden Finance, NBA Top Shot officially announced the first launch of the team bag collection series "Team Pack" covering all 30 teams in the league, and fans can get a guaranteed Pack that only contains the team of their choice, priced at $4.99 per pack, which will contain three limited-edition pre-officially licensed highlight moments "Moments" NFT. NBA Top Shot said that only a limited edition of 500 "Team Packs" will be available for the 2023-24 season, and it is reported that the "Team Pack" is currently available on the NBA Top Shot's mobile app and website.

PANews reported on November 24 that, according to a report by hket, the Hong Kong High Court recently tried a virtual currency USDT robbery case. A female seller has successfully completed 4 transactions with 1 buyer, with a total collection of more than HK$6.87 million. The female seller then went unnoticed to a unit in a building in Kwun Tong and made a HK$3.5 million transaction with the buyer. Suddenly, four masked gangsters hiding in the room rushed out, threatened the female seller with knives and stun guns, and took away the plastic bag containing the cash. Three of them were arrested and sentenced to four years and eight months in prison on November 23 after pleading guilty to robbery and other charges in the High Court. The full-time judge pointed out that the case was well planned and the offender took the opportunity to rob the offender disguised as the owner of the virtual currency transaction.

Odaily Planet Daily News The Hong Kong High Court recently tried a virtual currency USDT robbery case. A female seller has successfully completed 4 transactions with 1 buyer, with a total collection of more than HK$6.87 million. The female seller then went unnoticed to a unit in a building in Kwun Tong and made a HK$3.5 million transaction with the buyer. Suddenly, four masked gangsters hiding in the room rushed out, threatened the female seller with knives and stun guns, and took away the plastic bag containing the cash. Three of them were arrested and sentenced to four years and eight months in prison on November 23 after pleading guilty to robbery and other charges in the High Court. The full-time judge pointed out that the case was well planned and the offender took the opportunity to rob the offender disguised as the owner of the virtual currency transaction. In sentencing, the full-time judge said that the case was well planned, and the defendants committed a premeditated crime, each of whom played a different role, first disguised himself as a virtual currency transaction with the victim, and then committed a robbery while the victim was alone. Prior to the crime, they also arranged for vehicle transfers to ensure that they were able to flee quickly after the crime. The court heard that the woman, surnamed Yin, and her husband had been trading virtual currency (USDT) since 2018 and had met the currently wanted male buyer in December 2020. Within a month, they went to the buyer's office and successfully completed 4 USDT buying and selling transactions, collecting a total of more than HK$6.87 million. （TOPick）

10.11 Risk aversion does not recede, gold trend analysis (1/2) ⭐️ Technical analysis of gold In terms of trends, after the gold week jumped open, the last trading day inertia stretch touched the 1965 line after a slight pressure, Europe and the United States back around 1853 again stabilized and rebounded, this position is Monday to open the first wave of stretch of the high position, after stepping back after the second upward breakthrough formed after the top and bottom conversion support, the current confirmed this position support, the morning pull up European and American market adjustment to confirm support, the evening secondary stretch but did not break high. Today, gold prices need to pay attention to the breakthrough of the Asia-Europe 1865 position, and then the European and American markets adjust to confirm the trend of support, and the operation idea is still to step back to the low and more ideas. Gold Tuesday's strategy 1860 and 1855 long single layout is effective, the low of the retracement is here at 18353, now gold is trading around 1861, not far from Tuesday's high, personal view of the market is that it will continue to run upward, the main focus of the day is whether 1865 will effectively break through. Of course, the stable can choose to take a small profit first to drop the bag for safety, wait for the pullback and then enter the long again, today's attention to the pullback point 1858 long, stop loss 1852, the target to see 1865 break. Gold operation suggestions: go long below 1858, stop loss 1852, target 18365 (for reference only, at your own risk)

On September 7, the Wenzhou Yuan Universe Innovation Center AIGC Special Forum and the signing ceremony of settled enterprises were held in Wenzhou. In response to the dispute between general-purpose large-scale models and vertical-industry large-scale models, Hu Liang, founder of Wenzhou Yunmin Artificial Intelligence Technology Co., Ltd., shared that general-purpose large-scale models have their benefits, such as a wide range of applications, and access to more resources and community support. But its problem is that it requires a lot of material, human and financial resources. In addition, for certain segments or special needs, the adaptation cost of general large models will be very high. "As a start-up, we will definitely not choose this path. After we 'rolled' for a period of time, we quickly chose a large vertical model and found the cultural travel industry, but we will further subdivide it. If the vertical industry is large The model finds the ultimate subdivision field, and the layout in advance may bring about the monopoly of the extreme subdivision field, and there will be many opportunities.” At present, Wenzhou Yunmin Artificial Intelligence Technology Co., Ltd. has launched the first domestic large-scale model of the cultural travel industry—— —TourGPT, TourGPT can deeply understand and generate content related to tourism, cultural heritage, attraction recommendations, etc. Not only that, it also has the ability to cover many fields, including culture, history, food, shopping and other aspects. The mockup can be used to automate customer service, answer frequently asked questions from tourists, provide itinerary suggestions and recommendations, and even help design digital mascots, digital human guides, or travel promotional content. On the same day, Zhang Hui, head of investment promotion of Wenzhou Metaverse Innovation Center, and Hu Liang, founder of Wenzhou Yunmin Artificial Intelligence Technology Co., Ltd., completed the signing ceremony. It is reported that Wenzhou Metaverse Innovation Center is a metaverse park operated by Babbitt, a leading domestic blockchain, metaverse information and technology service provider. It is located in South Zhejiang Yungu, Wenzhou, Zhejiang, with a construction area of nearly 10,000 square meters and a total of six floors. Enterprises enjoy "zero rent + move in with a bag". The park will be officially opened in October 2022. It is Wenzhou's first industrial park with the theme of blockchain and metaverse.

According to the news on August 31, the Sui main network has been upgraded to version V1.8.1. This update includes adding a zkLogin protocol configuration function flag for testing in the development network, and using the updated proof verification logic for zkLogin signature verification ; Newer version has additional linter warnings related to collection comparisons in Sui framework code (Bag, Table, and TableVec) when building Move code; updated error code assignments to support a cleaner error reporting structure, etc.

Jinse Finance reported that Gucci, a brand under Kering, launched an exchange function on the partner platform 10KTF this week. One Gucci Vault Material NFT can be exchanged for one Gucci wallet, and three Gucci Vault Material NFTs can be exchanged for one Gucci travel bag. It was previously reported on July 27 that Gucci was preparing to give away physical objects to Gucci Vault Material NFT holders.