March 29 Market Dynamics

I. Market Fundamentals
1. The market is on an upward trend, mainly influenced by the preference of US funds. The United States is gradually controlling Web3 from a compliance perspective: SBF has been sentenced to 25 years in prison and fined $11 billion, while CZ's sentencing is still pending; Kucoin faces accusations.
2. U.S stocks are volatile, and the market is waiting for the release of PCE inflation data.

II. Market Focus
1.Meme coins such as DOGE, FLOKI, WIF, BOME and DEGEN have all risen sharply. Coinbase plans to launch DOGE futures trading on April 1st. Meme coin DEGEN from Base chain will enter L3 public chain. Recently outstanding performances are mostly Solana and Base ecosystem projects which are favored by American funds.
2.The price of public chain REI has skyrocketed in collaboration with Openaitask to transform into AI field.
3.Merlinswap launched mp product with a market value reaching $200 million dollars.However recently prices like blue box assets on Merlin Chain started plummeting from 0.8BTC down to 0.4BTC.
4.On Solana platform RWA initiated Parcl airdrop activity ,Parcl being real estate index trading project.At same time cross-chain bridge Wormhole also carried out an airdrop activity,potentially bigger trends might occur on Wormhole platform .