Bitget Daily Morning News | Fan token sector rises strongly, on-chain Meme heat remains high [October 8th]
![Bitget Daily Morning News | Fan token sector rises strongly, on-chain Meme heat remains high [October 8th] image 0](https://img.bgstatic.com/multiLang/web/fe6100130ffcab6fe8a68393f366391a.png)
- BTC is in a short-term range oscillation, the fan token sector is rising strongly, and the on-chain Meme heat remains high
- The three major indexes of the US stock market fell more than 1% during the day, and China Concepts Stock had a V-shaped reversal during the day, with the 10-year US Treasury yield rising above 4%.
- In the past 24 hours, the dominance of Bitcoin has further increased, with Bitcoin's market value accounting for 54.29%, and the total market value of the global cryptocurrency market has decreased by 1.15%.
![Bitget Daily Morning News | Fan token sector rises strongly, on-chain Meme heat remains high [October 8th] image 1](https://img.bgstatic.com/multiLang/web/78f5ccab1180db108057f780c29cefd2.png)
- Market capital outflows have increased significantly, with a net outflow of $219 million in the past 24 hours
![Bitget Daily Morning News | Fan token sector rises strongly, on-chain Meme heat remains high [October 8th] image 2](https://img.bgstatic.com/multiLang/web/c80df42445f931e57ed02fa5ad662dde.png)
- The judge approved FTX's bankruptcy reorganization plan to initiate the process of distributing funds to creditors, FTX 2.0 restart rumors fell through , and investors lacked interest.
- Activity on the Ethereum chain is active, Gas rises, Vitalik sells 10 billion MOODENG again, and the Ethereum mainnet MOODENG rises sharply.
- SUI short-term strong, the mother chain began to speculate Meme, while the market Meme token rose to varying degrees, the total market value once exceeded 54.20 billion dollars.
- Fan token ecology overall lead, OG, LAZIO, SANTO and other strong pull up , pay attention to short-term fluctuations.
- The probability of the Fed cutting interest rates by 25 basis points in November is 86.3%, and the probability of not cutting interest rates has risen to 13.7%. JPMorgan Chase said that the cryptocurrency market is currently in a wait-and-see state, waiting for clearer macroeconomic or structural catalysts
- Related to the BTC ecosystem: Neiro is similar to Ordi, the leader of the BTC ecosystem meme in October last year, and the current on-chain community autonomous meme heat is feeding back to Neiro, with the same logic.
- Market rebound point: It was previously pointed out that Neiro had bottomed out during the recent market correction.
- On-chain heat and capital flow: Emphasizing the rise of Neiro, while the on-chain heat continues to increase, which in turn attracts a large amount of funds into Neiro, the logic is simple and clear.
- The first wave: IPO - PVP: The market maker raises the increase through Uniswap V2 in the fair launch mode, triggering market FOMO sentiment, triggering automatic trading and limit-loss orders.
- Concept recognition and speed: The key to successful entry is to quickly identify concepts and enter in a timely manner, and then obtain excess returns.
- Second Wave: Secondary Launch: Secondary launches are usually triggered by concept upgrades or large-scale DCA operations. 90% of tokens no longer have a second wave, so caution is needed.
- The third wave: Shangsuo: There are few projects that have gone public, and the listings are mainly concentrated on platforms such as BN, OK, and Coinbase. The key is to monitor exchange announcements and updates.
![Bitget Daily Morning News | Fan token sector rises strongly, on-chain Meme heat remains high [October 8th] image 3](https://img.bgstatic.com/multiLang/web/49f6ed5876da9c1f61877f7cd2671ae9.png)
- The voting on the proposal to add CETUS to the dYdX Chain ended at 5:35 UTC on October 8th.
- The ARFC proposal for the Aave community to add sUSDe, USDe, and weETH to Aave v3 on ZKsync will end on October 8th.
- Swell Network will conduct its first airdrop on October 8th, distributing the first round of airdrops based on users' holdings of Black Pearl. The first round will allocate 2% of SWELL supply to Black Pearl holders, followed by 1% each time.
![Bitget Daily Morning News | Fan token sector rises strongly, on-chain Meme heat remains high [October 8th] image 4](https://img.bgstatic.com/multiLang/web/536322423e63b2c44e6537fdcc64f731.png)
- HackaTRON Season 7 application submission is open until October 8th. The pre-selection period is from October 9th to 23rd, the judging and community voting period is from October 24th to 31st, and the winners will be announced on November 13th.
- The 10th Radar Global Online Hackathon, organized by the Solana Foundation, will end at 23:00 UTC on October 8th.
- Tensor (TNSR) will unlock about $79,300 worth of tokens, representing 0.18% of the circulation.
- Pendle (PENDLE) will unlock about $120,100 worth of tokens, representing 0.02% of the circulation.
- Warehouse-by-Warehouse Margin Mode : The user will be assigned a specific margin amount and a corresponding Warehouse-by-Warehouse Margin separate account for each position. The initial margin of the Warehouse-by-Warehouse Margin account for different positions is independent of each other and is also distinguished from the available margin.
- Full Margin Mode : All positions can use margin from a joint margin pool, meaning traders can leverage all available assets in their margin account.
- Convenience : The trading and settlement of U-based contracts are carried out through USDT, and the yield curve is linear and more intuitive.
- Higher leverage : Bitget U-based contracts offer up to 125x leverage, allowing investors to participate in larger trades with less capital, improving investment efficiency.
- No settlement required : Compared to traditional futures contracts, U-based contracts do not require physical settlement. The settlement of contracts at maturity is done through USDT, which makes the operation simpler and more convenient.
- Two-way trading : U-based contracts allow investors to trade in both directions, that is, investors can buy (long) when predicting price increases, and sell (short) when predicting price decreases, which provides investors with more trading strategies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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