Crypto Pulse——11/7 Market Trends and Hot Project Analysis

Preface:
Over the past 24 hours, Bitcoin and Ethereum have surged 5.78% and 13.51%, reaching $75,374 and $2,835, respectively, with the ETH/BTC exchange rate steady at 0.036. The Crypto Fear & Greed Index sits at 77, reflecting Greed.

Market Trending

Yesterday, BTC reached a new all-time high of $76,000! The total crypto market cap surpassed $2.6 trillion with a 24-hour growth of 7.1%, with the entire crypto market in a bullish rally led by DeFi, where altcoins surged by 20%. This milestone is backed by sustained liquidity from the previous rate cut cycle, Bitcoin’s historic November rally trend, and the election of a pro-crypto president in the U.S. On November 8, the Federal Reserve will meet, with a 99.4% probability of a 25 basis point rate cut, which could further boost the market.

• Public Chain Sector: SOL broke $190, and SUI hit $2.35, setting all-time highs as their DeFi ecosystems recovered, with Meme tokens also surging.
• Meme Sector: Popular tokens like LUCE, PNUT, and GOAT saw strong gains, with DOGE topping $0.22. However, Trump-themed Meme tokens such as MAGA and FIGHT dropped 50% following his election news.
• DeFi Sector: With Trump’s victory expected to ease DeFi restrictions, the sector experienced gains, with UNI, AAVE, and LDO all rising over 30%.

Spot Bitcoin ETF Flows

Yesterday, U.S. spot Bitcoin ETFs had a net inflow of $622.7 million. ARKB saw a net inflow of $127 million, BTC had $108.8 million, and GBTC received $30.9 million.
Check Out the Latest Prices, Charts, and Data of BTC/USDT Spot and BTCUSDT Perp!

Daily Spotlight

Today’s spotlight is AAVE, up 34.7% in 24 hours. Founded in 2017, Aave (AAVE) is a decentralized lending platform on Ethereum, enabling users to lend, borrow, and earn interest on crypto without intermediaries. With smart contracts, collateralized loans, and interest-bearing aTokens, Aave also offers instant loans. As a DeFi leader, AAVE could benefit from Trump’s expected pro-crypto policies, including regulatory easing. His family’s project, World Liberty Financial (WLFI), may seek collaboration with AAVE, boosting the latter, which reached $180.
Check Out the Latest Prices, Charts, and Data of AAVE/USDT Spot and AAVEUSDT Perp!

The Word on the Street

Vice President Harris Concedes Election Loss
On November 7, the AP reported that on November 6, U.S. Vice President and Democratic presidential candidate Kamala Harris gave a concession speech at Howard University in Washington, D.C. Harris expressed her acceptance of the election outcome and her intention to assist in a peaceful transition of power to Trump and his team. Earlier, Harris had called Trump to congratulate him on his victory.

Project Funding

Vlayer, a verifiable data infrastructure, raised $10 million in a pre-seed round led by a16z CSX, Credo Ventures, and BlockTower Capital. Vlayer is a crypto startup focused on developing “verifiable data infrastructure,” also known as “Solidity 2.0.” Its goal is to enable developers to verify and integrate real-world data into Ethereum smart contracts by introducing new functionalities: time travel (using historical on-chain data for contracts), teleportation (operating contracts across multiple EVM-compatible networks), web proof/zkTLS (verifying and integrating web content, including APIs and websites), and email proof/ZK email (accessing and verifying email content).