China's official manufacturing PMI for October

The competition in the South Korean stablecoin market is intensifying, with major commercial banks, technology companies, and Web3 enterprises actively positioning themselves. The government supports the local currency pegged stablecoin and is promoting the legislation of the "Basic Law on Digital Assets," expecting rapid rise in the market in the future. Several banks are preparing joint venture projects, and companies like Kakao Pay and Danal are also frequently taking action, striving to secure a leading position in this emerging field.

This week, the Web3 gaming industry is rapidly developing, with emerging projects performing outstandingly and the application of AI technology receiving significant attention. Multiple projects have excelled in user growth and activity, while the integration of NFT and traditional art has deepened. The industry is facing new opportunities brought by technological innovation and is expected to attract more users in the future.

The market sentiment index rose to 91%, indicating extreme greed. BTC briefly broke through $100,000 on Thursday, showing strong overall market resilience. The total lock-up position in the DeFi zone increased, with liquid staking projects performing the best, while the Meme coin market remained sluggish. The Tron ecosystem benefited from increased USDT volume. Next week, attention should be paid to macro data and the Microsoft shareholder meeting, and investors should remain cautious.

Crypto Market Weekly Report Market Overview Main Market Trends Market Sentiment and Trends: The market sentiment index has reached 91%, indicating an extreme greed state. Although BTC briefly broke through 100,000 before pulling back, the overall market resilience remains strong. ETH has performed well, driving the overall rise of the crypto market, showing continued confidence in mainstream coins. Capital flow analysis: The market capitalization of stablecoins is steadily increasing, with USDT rising by 1.74% to $141 billion and USDC increasing by 2.03% to $40.2 billion, indicating a continuous inflow of new funds. There are frequent large on-chain transfers, showing clear signs of institutional capital entering the market. The over-the-counter premium remains within a reasonable range, indicating a healthy supply and demand of market funds. DeFi sector performance: Total locked value in DeFi ( TVL ) increased from 46.8 billion USD to 53.2 billion USD, an increase of 13.67%. Liquidity staking projects performed exceptionally well, benefiting from the underlying asset prices.

Crypto market observation: Bitcoin is under pressure around $118,000, and the market is following tonight's non-farm employment data. 1. Market Dynamics On Thursday, the U.S. President signed an executive order setting "reciprocal" tariffs on goods from multiple countries, with rates ranging from 10% to 41%. Countries without agreements face higher rates, such as India at 25%, Switzerland at 39%, and South Africa at 30%. Tariffs on Canadian goods were raised from 25% to 35%, and a 40% transshipment tax will be imposed on transshipped goods. The White House stated that this move aims to protect U.S. manufacturing and address trade imbalances. Recent data shows that the core PCE price index rose 2.8% year-on-year in June, exceeding market expectations and reaching a five-month high, indicating persistent inflationary pressures. However, another side of the economy is showing signs of fatigue, with consumer spending growth slowing, real disposable income flat, limiting consumption willingness, and the household savings rate remaining at 4.5%. Despite the FOMC's fifth consecutive rate hike this week.