January 25 Market Dynamics

I. Macro Trends

1. 127eaa1b-c21d-4061-a2ec-8d6ad544e13c Trend: The market is fluctuating. SEC has postponed the approval of BlackRock's ETH spot ETF, with results expected by the end of May at the latest.

2. U.S stocks are fluctuating, but earnings reports for this season are good.

II. Market Highlights

1. Pledged mining MANTA and PENDLE have surged significantly. MANTA mining yields 60-90%, while PENDLE mining yields 20%.

2.RWA's MKR, ONDO, FXS have risen in value as US bond yield rates rebounded and markets leaned towards defense; RWA generally performs well when the broader market falls; FXS plans to launch L2 soon; DeFi’s VELO rebounds after being listed on CoinBase.

3.MOBILE and WIF from Solana ecosystem have seen a significant increase in value with MOBILE about to enter Mexican market; BitMEX founder Arthur Hayes bought into WIF at its low point.

4.The game ACE has increased in value and is about to launch a new pixel-style game called Ace Arena.

5.Altlayer will be launching its secondary market today at 18:00 (UTC+8), further pledging and modularizing narratives; The total market cap is expected to reach $20 billion USD with an initial circulation of 10%.