November 7 Market Dynamics: BTC hits a new high, Trump promises to dismiss the SEC chairman and plans to establish a national strategic reserve for BTC

I. Market Dynamics

1. BTC surges to a new high. Altcoins skyrocket.

2. U.S stocks surge to a new high. Trump is elected as the President of the United States, planning domestic tax cuts and foreign tax increases. If tariffs increase by 20%, it will lead to a 10% depreciation of RMB, a 0.5% decrease in China's GDP, and a 1% increase in US CPI.

II. Market Focus

1.DEFI's CETUS and COW are listed on exchanges.COW is an ETH chain DEX aggregator resistant to MEV.

2.DEFI's UNI, AAVE, LDO, ENA, RAY,RNDT etc., have surged.Trump promises to immediately remove the SEC chairman and establish BTC national strategic reserves.The market expects relaxed regulation.ENA plans to distribute income among SENA holders.In the long run,this round of DEFI has potential for speculation only with ENA.

3.AI’s GOAT、GRASS、ARKM etc., have surged.GRASS has quadrupled within one week,reaching $3 billion market cap,nearly twice its IO value.

4.MEME’s NEIRO、PNUT、MOODENG、LUCE、JOE etc.,have surged.Speculation funds from DOGE overflowed into NEIRO.JOE’s LP lock-in period was extended up till 256 years.On-chain MEMEs increased significantly more than CEX MEMEs.
   
5.Political MEMEs like TRUMP,MAGA,FIGHT,HARRIS generally plummeted after elections due to exhausted benefits.Around 90% POLYMARKET prediction users lost money,but the highest winner earned $50 million USD.