Market dynamics Bitcoin (BTC) broke through the historical barrier in one fell swoop, refreshing the price peak, but the altcoin market reacted slowly, and the increase lagged significantly behind the mainstream coins. At the same time, the US stock market continued to fluctuate, and the scale of the US fiscal deficit was out of control, casting a shadow of uncertainty on the global financial market. Market hot spot tracking 1. The rise of the dark horse of the contract platform: the on-chain contract platform Hype has emerged, with a market value soaring to US$33 billion, ranking among the top ten in the industry. Because of its highly concentrated chips, record high contract holdings, and automatic repurchase of about US$5 million in tokens every day, it has attracted many crypto whales to settle in. The market predicts that Hype's future market value is expected to reach half of Binance (BN), that is, US$50 billion. 2. Meme coin carnival: Meme coins such as Fartcoin, Moodeng, and Labubu have set off a surge. Among them, Moodeng successfully landed on Robinhood, a well-known US trading platform, and its exposure increased greatly; Labubu staged a "rebirth of Nirvana". Relying on the global IP influence of Pop Mart, it rebounded against the trend after plummeting to zero and set a new high, replicating Chillguy's explosive logic. 3. WLFI concept explosion: WLFI concept coins represented by B and Lista have increased dramatically. B, as a derivative Meme coin of WLFI stablecoin USD1, is favored by funds, and Lista has become the focus of the market by virtue of its cooperation with WLFI. Backed by Trump's background, the market generally expects WLFI to launch new coins at the market high in October, and is even expected to surpass Binance's development speed. 4. AI+ encryption boom: WLD and Cookie have taken the express train of artificial intelligence concepts and ushered in soaring prices. Star institution A16Z spent $130 million to purchase WLD, injecting a shot in the arm to the market; Cookie is benchmarked against Kaito's Infofi business, but its current market value is still lower than the latter. 5. Impact of black swan events: Cetus, the leading DEX platform in the SUI ecosystem, was hacked, and the theft of funds caused a sharp drop in price, triggering a collective collapse of SUI chain Meme coins; the Ethereum (ETH) chain has recently been frequently involved in illegal activities such as money laundering, causing regulatory concerns. 6. Binance's new favorite is on the scene: Binance Launchpool launched Huma Finance, which focuses on RWA (real asset tokenization) and PayFi. It enters the market with the Web3 version of P2P lending model, becoming a new highlight of crypto financial innovation. #BTC #ETH #Bitcoin breaks through $110,000