March 28 Market Dynamics

I. Market Fundamentals
1. The market is showing a downward trend, with altcoins generally declining.
2. U.S stocks are rising, however, the leading company Nvidia has started to decline.

II. Market Focus
1. ETHFI and AEVO, two new Bn stocks, have shown strong performance. The total market value of ETHFI has reached 80 billion US dollars, soaring 40 times from its financing valuation of 200 million US dollars in just two months. AEVO's contract rate is negative one percent with a daily yield of 6%, indicating an obvious short squeeze situation. Currently, the main speculation in the market is on newly listed stocks with good chip structures or it indicates that the market will adjust.
2.In AI sector OCEAN、FET and AGIX prices increased.These three tokens will be merged into ASI tokens at a ratio announced which may present arbitrage opportunities.It seems like positive news for short term but might create pressure in long run.Previously,Bn had speculated on renamed sectors such as REI etc.,which was actually an early announcement.
3.The price of SUI surged to record highs,and also drove up NAVI,CETUS etc within ecosystem.Sui held conference on April10th,recently launched subsidy incentive measures to promote ecological development,making Sui best new public chain this round user experience.
4.Velo,a DeFi project saw significant increase.Project side controls supply,voting decided to release additional part into their own liquidity pool.
5.Ethena's air drop stable,outside estimate reaches $10 billion USD.There are rumors about listing soon on major exchanges.Currently,the USDT capitalization stands at $1.4 billion USD,ranks fifth among all stable coins.