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Gate Research Daily Report (November 6): BTC's price rose by 8.9% to $74,284, while ETH's price increased by 7% to $2,590. Donald Trump's election as the 47th U.S. president is widely perceived as positive news for cryptocurrencies, prompting a strong market rally. DOGE saw a daily increase of approximately 24.63%, with growing attention on Trump and Elon Musk’s ongoing engagement boosting community interest and driving up its price. The ETH to BTC market cap ratio has dropped to 24.52%, its lowest since April 2021. Gate.io, Binance, OKX, and Coinbase are among the exchanges listed in Asia Fintech Innovators.

Gate Research Daily Report: September 27, BTC and ETH performed strongly, rising by 3.19% and 2.01% respectively over the past 24 hours. BTC is currently testing the $66,000 resistance level. The U.S. Bitcoin spot ETF saw a net inflow of $366 million yesterday, while the U.S. Ethereum spot ETF experienced a net outflow of $680,000. Most altcoins outperformed the broader market, with notable gains in the Cross-chain Communication, BRC-20, and Doge meme sectors. Avalanche launched a $40 million grant program, paving the way for the "Avalanche9000" upgrade. In the past 24 hours, only one project in the DEPIN (Decentralized Physical Infrastructure Networks) sector announced a funding round, raising $10.8 million.

Undoubtedly, Dogecoin is one of the most popular cryptocurrencies in the world. It is one of the largest cryptocurrencies by market capitalization, and despite lacking clear use cases, its value remains relatively stable.

Dogechain is a not-so-official layer 2 blockchain that bridges the gap between Dogecoin users and alternative use cases like NFTs and DeFi.

Crypto Pulse focuses on the latest developments in the cryptocurrency industry, delivering up-to-date market analysis and insights.

Crypto Pulse focuses on the latest developments in the cryptocurrency industry, delivering up-to-date market analysis and insights.

Meme coins are cryptocurrencies inspired by online memes with no value proposition or utility though useful in performing transactions. Also, they are seen as risky investments and are notoriously volatile.

Crypto Pulse focuses on the latest developments in the cryptocurrency industry, delivering up-to-date market analysis and insights.

Crypto Pulse focuses on the latest developments in the cryptocurrency industry, delivering up-to-date market analysis and insights.

MEME coins, which come from internet culture and spread through short texts and images, create a sense of community and connection. With growing dislike for VC-backed coins, MEME coins are getting a lot of attention because they're distributed fairly and easy to access.

Crypto Pulse focuses on the latest developments in the cryptocurrency industry, delivering up-to-date market analysis and insights.

Being the source of wealth, as well as the source of chaos, memecoins may be the most dynamic and controversial of all cryptocurrencies.

The explosion of DRC-20 tokens has driven Dogecoin's daily trading volume to an all-time high, even once surpassing both Bitcoin and Litecoin. Presently, the Dogecoin ecosystem's infrastructure has also improved, providing a smoother user experience than the Bitcoin ecosystem.

The article discusses the rise of meme coins, such as $PEPE and $WIF, in the cryptocurrency market, highlighting their high-risk, high-reward opportunities. These coins achieved significant returns in the first quarter of 2024, emerging as one of the most profitable cryptocurrency trends. Meme coins typically lack practical utility, deriving their value mainly from community sentiment and cultural trends. While acknowledging their market volatility and speculative nature, the article notes their presence in an experience-centric economy. Investors are cautioned to exercise caution when investing in meme coins, considering price fluctuations and potential fraud risks.

This article first introduces the functioning and risks of re-staking, mentioning Mellow Finance's new solution. It analyzes the strategic collaboration between the two and its impact on Lido. Finally, it summarizes the current market situation and offers future prospects.