ETH falls below the $3700 mark

Click on the link to enter the meeting: https://meeting.tencent.com/p/7277739262 Regarding the current market situation, let's first analyze the news surface 1. Macroeconomic pressure: There is uncertainty about the future interest rate policy of the Federal Reserve, and the US federal government has been shut down for 32 days, which collectively exacerbates market concerns. 2. Market technical adjustment: After Bitcoin rose significantly to over $110000 in the early stages, some investors chose to sell their locked profits, resulting in a natural price correction. 3. Rotation of sector funds: The progress of Sino US trade negotiations has stimulated the rise of traditional technology stocks, attracting some speculative funds to flow out of the cryptocurrency market. This week, several Federal Reserve officials will give speeches, especially the remarks of New York Fed President Williams, and the market hopes to find clues for future monetary policy from them. Pay attention to whether the US Senate can reach an agreement on ending the government shutdown on the evening of November 3rd. The above is the recent news, so what should we do? And how to use technical indicators is currently being explained in the live broadcast room Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.

[Ethereum Foundation Launches New ESP Grant Program] On November 3, the Ethereum Foundation announced the launch of the Ecosystem Support Program (ESP) new grant initiative. The program will be conducted through two approaches: a wishlist and proposal solicitation, aiming to address the most pressing needs within the ecosystem. The wishlist focuses on setting high-level goals and broad themes, while proposal solicitation emphasizes clear deliverables, including predefined scope, requirements, and expected outcomes.

Tom Lee stated that October this year was the largest clearing month in the history of cryptocurrency. He still predicts that Bitcoin will reach $150000 to $200000 by the end of the year. （Bitcoin Archive）

[Orama Labs' First OCM Project ZENO Launches on Solana and Releases Developer MVP Version] On November 3, Orama Labs' first OCM model project, ZENO, successfully launched on the Solana network and simultaneously released the first developer MVP version of ZENO Scene. This launch attracted $3.5 million in PYTHIA for staking subscriptions, marking a significant breakthrough for the on-chain integration framework in supporting the transformation of high-quality Web2 enterprises. ZENO is dedicated to building a standardized digital platform that connects the real and virtual worlds, showcasing the potential of the OCM model in technological integration and community building, injecting innovative momentum into the Solana ecosystem.

[Amazon and OpenAI Reach $38 Billion Agreement to Supply NVIDIA Chips] Amazon (AMZN.O) has reached a $38 billion cooperation agreement with OpenAI, which includes Amazon providing NVIDIA chip support to OpenAI. This collaboration is expected to further drive the development of artificial intelligence technology while strengthening Amazon's market position in cloud computing and AI.