Market Updates on March 28

1. Market fundamentals

1. The market is showing a downward trend, and altcoins are generally declining.
2. U.S. stocks rose, but leading company Nvidia began to fall.

2. Market focus

1. The two new Bn stocks, ETHFI and AEVO, performed strongly. The total market value of ETHFI has reached US$8 billion, soaring 40 times from its financing valuation of US$200 million in just two months. The AEVO contract rate is negative one hundredth, the daily return rate is 6%, and the short squeeze market is obvious. At present, the market is mainly speculating on sub-new stocks with good chip structure, which may indicate that the market will adjust.
2. The prices of OCEAN, FET and AGIX in the AI sector increased. These three tokens will be merged into ASI tokens according to the announced ratio, and arbitrage opportunities may exist. This may appear to be good news in the short term, but may cause pressure in the long term. Previously, Bn's hype about the renamed sector REI was actually an advance notice.
3. The price of SUI has risen sharply to a new high, which has led to the rise of NAVI, CETUS, etc. in the ecosystem. Sui held a conference on April 10 and has recently launched subsidy incentives to promote ecological development, making Sui the new public chain with the best user experience in this round.
4. The price of DeFi project VELO has increased significantly. The project party controls the supply of goods and votes to release the new portion into its own liquidity pool.
5. Ethena’s airdrop is stable, its off-market valuation has reached US$10 billion, and there are rumors that it will be listed on a large exchange soon. The current market capitalization of USDT is US$1.4 billion, ranking fifth among all stable coins.