March 25 Market Dynamics

I. Market Fundamentals
1. The market rebounds, with ETFs experiencing net outflows for five consecutive days, but the magnitude is gradually decreasing.
2. U.S. stocks fluctuate, and the dollar index rises.

II. Market Focus
1. Hong Kong concept stocks CFX and ACH have risen sharply. The Web3 conference will be held in Hong Kong in April.
2. Bankruptcy series LUNA price soars, Do Kwon case shows a positive trend.
3.The public chain TON's price has increased, and UP and FISH in its ecosystem have also risen accordingly.TON Telegram ecosystem has 800 million users (currently 300k weekly active users) and is investing funds for ecological incentives.There may be rumors of listing on BN in the future, but tokens are highly controlled by miners.Telegram plans to go IPO in the future.TON wallet comes in two types: custodial (without mnemonic words) and non-custodial.UP is TON's launch platform; FISH is TON's Meme which skyrocketed 100 times within past few weeks.However,the market cap ceiling of Russian background public chains might be limited.
4.L2 base chain meme coin DEGEN value soars,and it was used as social payment method for Farcaster.Base chain TVL rapidly grows into top ten,and it will soon surpass OP chain position.Base is currently the only L2 that can compete within ETH system,it logic similar to previous BSC chain .