Market dynamics on November 8: BTC hits a new high, the market's main focus is around MEME and AI, the Federal Reserve cuts interest rates by 25 basis points

I. Market Dynamics

1. BTC has risen to a new high. The main market revolves around MEME, AI, with new MEMEs like dogs, goats, hippos leading the rise.

2. U.S stocks have reached a new high. The Federal Reserve cut interest rates by 25 basis points as scheduled in November, but due to Trump's policies causing high inflation, the expectation of rate cuts over 25 years has dropped to 60 basis points.

II. Market Focus

1. Big rises for NEIRO, GOAT and MOODENG from MEME; NEIRO hits a new high. New on-chain MEMEs are still the strongest trend with many such as D.O.G.E., FARTCOIN hitting new highs showing obvious wealth effect.

2. AI's GRASS and AR are rising; GRASS continues to hit record highs.

3. Public chains SOL and SUI are rising; SOL is close to its peak while SUI hits a record high. The top DEXs in the ecosystems of SOL and SUI such as RAY and CETUS are also on the rise - DEX equals leverage added to their respective public chains. CETUS on SUI chain shows more potential than COW on ETH chain.

4.Rebound seen in staked JTO,EIGEN ,SD,LBR,PSTAKE etc.The market regulation is relaxing towards re-staking but it doesn't mean much.