The popularity of RWA and DePIN continues to increase. BTC fluctuates around the 100,000 mark and continues to bottom out, and is about to hit a new high.

Crypto market summary

1. BTC continues to build a bottom after breaking through the $100,000 mark. It is about to hit a new high;

2. With Trump’s stance and BlackRock’s endorsement, the popularity of DeFi and DePIN has begun to rise;

3. Meme is still the hottest narrative at present, and Meme applications in the BSC section and Sui section have begun to flourish;

4. European countries have also begun to promote cryptocurrency process, the next few years will usher in the most cryptocurrency-friendly market environment.

Market Overview

1.1 FutureMoney Group DePIN Index

FutureMoney Group DePIN Index is a DePIN high-quality portfolio token index constructed by FutureMoney, which selects the 24 most representative DePIN projects. Compared with the last report, the Index has made a slight correction this time because the market has begun to re-enter the breakthrough range and copycats have been attracted.

1.2 Encrypted market data

At present, we can see that the total market value of cryptocurrency is still at a relatively high position. Although it has fallen back, from 3.69 trillion US dollars to 3.64 trillion US dollars, the overall market value is still showing an upward trend.

From Observing changes in the trend of Coinglass contract positions, since December, the open positions of the entire BTC contract have continued to rise, rising from the previous 65 billion US dollars to 68.7 billion US dollars. This shows that the market is experiencing Bitcoin breaking through 100,000 US dollars.After Yuan Hou panicked, he began to continue to be bullish on BTC.

The current trend of the entire BTC is still strong, and there has been a complete net inflow of BTC in the past few days, which shows that OTC funds hold optimistic information about the subsequent development of BTC. This trend is consistent with Trump's inauguration on January 20.

1.3 Judgment of the market based on CPI and other data and market reaction

1. Macro level: Expectations for interest rate cuts have increased, and the Nasdaq has exceeded 20,000 points for the first time. That week, the Nasdaq rose 0.3%; the 10Y U.S. Treasury yield rose 25bp to 4.40%;

New non-farm employment in November rebounded to 227,000. After the data was released, market expectations that the Federal Reserve would cut interest rates by 25bp in December increased from 67% to 85%, and the possibility of continuing to cut interest rates in December increased. At the same time, the three major U.S. stock indexes rose more than they fell, U.S. bond yields fell, and the U.S. dollar index fell in the short term.

As of December 7, the number of people applying for unemployment benefits in the United States at the beginning of the week was 242,000, slightly higher than market expectations.

The U.S. dollar index rose, and most other currencies depreciated against the U.S. dollar. The U.S. dollar index rose 0.9% to 105.97, the euro depreciated 0.6% against the U.S. dollar, the British pound depreciated 0.9% against the U.S. dollar, the Japanese yen depreciated 2.4% against the U.S. dollar, and the Canadian dollar depreciated 0.6% against the U.S. dollar.

2. Cryptocurrency: BTC broke through the $100,000 mark in one fell swoop on December 5, completing a new high test. It is currently continuing to bottom out near $100,000 and is likely to test new highs in the future.

3. Sections worthy of deployment: Meme narratives are still strong, and there are currently signs of overflow from the SOL ecology. Both the BSC ecology and the Sui ecology have begun to see a meme boom. ; In addition, due to Trump’s friendly stance on DeFi and DePIN and the good performance of a series of DeFi and DePIN projects invested by BlackRock, the above two tracks have begun to usher in a real sector rotation boom. This also matches the pattern of capital flow in each cycle, from mainstream coins to ecological coins, and then to subdivided tracks.

2. Hot marketsField News

2.1 Trump promises that Bitcoin and cryptocurrencies will flourish in the United States and says DePIN use cases will legalize cryptocurrencies

< p style="text-align: left;">US President-elect Trump attended the Blockchain Association’s annual gala and delivered a speech: Affirming Blockchain Association’s efforts for U.S. cryptocurrency legislation; says real use cases like DePIN legalize cryptocurrencies and are on the priority list for legislation; commits to ensuring Bitcoin and cryptocurrencies thrive in the United States.

2.2 Nansen: Institutional interest in encryption products will surge in 2025

According to on-chain analysis platform Nansen analysis, the crypto industry may experience a surge in institutional interest in listed crypto products in 2025, and Bitcoin may become the default balancing asset among asset managers and pension funds. part of the configuration. In the short term, the post-election market is seeing a healthy rotation among outperforming cryptocurrencies. The environment in December is generally positive, but volatility is likely to increase by January as the new U.S. takes office. .

2.3 Sui sector Meme concept is hot

Meme is still hot, the animal Memecoin AXOL on Sui The highest increase exceeded 1034%, and the current market value is approximately US$68 million. And AI Memecoin ARC, which emerged five days ago, has a maximum increase of more than 612%, and its current market value is approximately US$11 million. The market value of FARTCOIN, which has experienced strong growth last week, has surpassed GOAT and moved to second place in the market value ranking of the AI ​​Meme sector. The first place is still AI16Z.

2.4 RWA’s total market value exceeded US$14 billion

According to RWA monitoring platform RWA.xyz According to data, the total market value of RWA exceeded US$14 billion, with an increase of 5.56% in the past 30 days, reaching a record high. The RWA field is definitely one of the brightest in 2024. Recently, the Trump family’s encryption project World Liberty has purchased a large number of non-stable currency assets, one of whichIt is half DeFi head application and half RWA assets. RWA’s decentralized stablecoin USUAL is also very active in pre-market trading on Binance. It has nearly doubled compared with the pre-market trading time when it was first launched, with a maximum of US$0.8, which is also worthy of attention.

3. Regulatory environment

European Union countries have also followed suit in promoting cryptocurrency. French Member of the European Parliament (MEP) Sarah Knafo urged the EU to also establish a strategic Bitcoin reserve, arguing that the EU’s current financial strategy puts member states at a disadvantage in a rapidly evolving monetary landscape, especially with the US-led crypto support coming to power. And criticized existing regulatory measures as too strict. Meanwhile, Deutsche Bank attempts to address public blockchain compliance hurdles with a pilot project, Project Dama 2, incorporating L2.