Market dynamics on January 17: BTC fluctuates, chain activity declines; U.S. stocks turn from fluctuations to decline, Federal Reserve members make dovish remarks

Market Dynamics

1. BTC fluctuates. Altcoins hype US-based tokens. On-chain activity decreases.
2. US stocks shift from fluctuation to decline, dovish remarks from Federal Reserve members.

Market Focus

1. Public chains XRP and SOL rise, with older coins HBAR, LTC, and EOS following. Trump considers including XRP and SOL in the US strategic reserves. LTC files for an ETF application. Public chain SAGA pivots to AI.

2. DeFi's MORPHO soars to new highs. MORPHO is a lending protocol on the BASE chain.

3. AI sector including AIXBT, COOKIE, VIRTUAL, and AI16Z collectively decline. AIXBT transitions from a meme to a fee-based consultancy platform, reducing the imaginative space for market valuation. Major on-chain whales primarily invest in ARC, PIPPIN, and FARTCOIN.

4. BTC ecosystem's SOLV is set to launch on a leading exchange today. SOLV involves BTC staking, with numerous airdrops, and an off-market valuation of $1-3 billion. However, the BTC ecosystem and re-staking tracks have previously been debunked.