Daily Summary: ETH ETF single-day inflow exceeds 90 million US dollars, ETH/BTC Exchange Rate rebounds significantly

According to Farside Investor data, the net inflow of the US Spot ETF was $103 million yesterday. Among them, the net inflow of FBTC of Fidelity was $40.20 million, the net inflow of BITB was $48 million, and the net inflow of BTC of Grayscale was $12 million.

Yesterday, the US Ethereum Spot ETF saw a large inflow of 90.1 million US dollars. Among them, Fidelity FETH had a net inflow of 38 million US dollars, and Grayscale ETH had a net inflow of 37.3 million US dollars.

The ETH/BTC exchange rate continues to rise, rebounding 18.42% from the lowest point.

According to the Gate.io market data, the ETH/BTC Exchange Rate has been pumping since hitting a low of 0.03187 on November 21st, and is now trading at 0.03774, a pump of 18.42% from the low point. ETH broke through $3600 within the day, with a 24-hour increase of over 10%, just a step away from the historical high.

Sushi launches Dojo Agent and Tweet Tokens features, allowing tokenization of tweets or creating MEME coins on Twitter

Sushi announced that Dojo Agent and Tweet Tokens are now online. Its agent tool can support users to tokenize their favorite tweets or create their own MEME coin directly from Twitter. Sushi reminds users that it is completely free to publish tokens from Twitter, but there is a 5-minute interval between creating tokens for each user to prevent fraud.

Galaxy Research: BTC will break through $100,000 in the short term, bullish for the next 2 years

Galaxy Research stated in a research report on Tuesday that the BTC Bull Market will continue, with BTC expected to break the $100,000 mark in the short term. The report stated that the increasing adoption of BTC by institutions and companies, the possibility of establishing BTC as a national reserve currency, and the support of Cryptocurrency by the new US government all suggest that BTC will rise in the near and medium term. The launch of ETF Options may increase Liquidity and potentially lower volatility, which may attract large institutions to enter the market and stimulate retail demand.

Galaxy's research director, Alex Thorn, said that although the outgoing Biden administration may take some unsettling regulatory or enforcement actions that unsettle the market, the future trend of BTC in the next two years seems to be unique and bullish, and the options market data is also bullish.

Market Analysis: ETH's sharp rise drives overall ecosystem pump, with THE daily highest increase exceeding 200%

Market Hotspots

ETH rose by 10% today, breaking through $3600, driving a widespread pump in the ETH ecosystem. The ETH domain name protocol ENS surged by over 50% in the past 24 hours, leading the market. ENS has received explicit support from Vitalik, co-founder of the Ethereum, multiple times before.

The new token THE has soared by over 200% intraday, with a listing price of $1.3 on gate and currently trading at $3.14; THE is the native Liquidity ecosystem on BNB chain, which includes a Spot DEX Alpha, a social platform Arena, and the upcoming Launchpad Warp;

Meme zone BILLY, GOAT, MOODENG and other big gains; BILLY's current circulating Market Cap is only $53 million, its All-time high is close to $300 million; GOAT is still a hot zone in the AI meme track, and GOAT is also the first to rebound in the process of market decline and recovery; MOODENG is a popular Thai hippo meme, with a current Market Cap of $370 million;

Market Trend

BTC Rebound, returning to above $96,000, and BTC ETF also resumed large net inflows, with good prospects for the future;

ETH strong pump 10%, ETH ETF funds are expected to pump under the leadership of BlackRock's ETHA, which may drive the AltCoinBull Market.

MEME zone and the Ethereum zone in the AltCoin ecosystem are generally pumping, with ENS leading the mainstream AltCoin market with a 50% increase.

Macro News: The three major U.S. stock indexes collectively fell, and PCE data failed to boost the market

The three major US stock indexes all fell, with the S&P 500 falling 0.38% to 5998.74 points; the Dow Jones Industrial Average falling 0.31% to 44722.06 points; and the Nasdaq Composite Index falling 0.59% to 19060.48 points. The yield on the benchmark 10-year US Treasury bond is 4.25%, and the yield on the 2-year US Treasury bond, which is most sensitive to the Federal Reserve's interest rate policy, is 4.19%.

The October core personal consumption expenditure (PCE) inflation data released last night did not bring any surprises to the market. It rose 0.3% month-on-month and pumped 2.8% year-on-year, which is in line with expectations. However, the data indicates that the pace of inflation decline is slowing down, and there is still a considerable gap from the Federal Reserve's target of 2%. This result reinforces market expectations that the Federal Reserve will maintain a high interest rate policy in the long term, while also increasing uncertainty about the future economic growth prospects. According to the CME FedWatch tool, investors expect the probability of the Federal Reserve maintaining interest rates unchanged in December to rise from 24% last month to 34%, but the future policy path remains uncertain.

Author: Icing, Gate.io Researcher This article represents only the author's opinion and does not constitute any trading advice. Investment carries risks, and decisions should be made with caution. This article is original, and the copyright belongs to Gate.io. If you need to reprint, please indicate the author and source, otherwise legal responsibilities will be pursued.