January 18 Market Dynamics

I. Macro Dynamics

1. Market Trend: The market continues to weaken, lacking hotspots. Grayscale keeps selling off btc.

2. U.S stocks fell and the dollar index rebounded. December retail data showed a strong US economy, hitting recent market expectations for interest rate cuts.

II. Market Hotspots

1. The new project Altlayer is a modular infrastructure that helps B-end customers launch Rollup with one click, similar to Cosmos's SDK. It is based on Op Rollup technology upgrade and mainly provides customized services for EVM ecology. Altlaye has completed two rounds of financing, the first round valued at 80 million dollars and the second round of Bn financing, with airdrops for retail investors.

2.Public chain SOL rebounds, HONEY、PYTH、MYRO etc surge in price.HONEY tripled shortly after being listed on major exchanges.PYTH started staking for airdrop.

3.Meme collapsed，SMILEY、ZUZALU、TROLL etc plummeted.SMILEY dropped by 70% in one day.