Recently, several noteworthy trends in the market are summarized for everyone.

**Current Status of Mainstream Coins**

Bitcoin is currently fluctuating between $87,000 and $88,000, with liquidity indeed being weak. The $90,000 barrier remains hard to突破, while support below is firmly held at $86,000 to $87,000. In the short term, this is just a sideways consolidation pattern.

Ethereum has stabilized above $2,900 and is beginning to recover, but to truly open up the situation, it needs to break through the $2,950 level first, then it might have a chance to test the $3,000 mark.

**New Developments in the Ecosystem**

There is an interesting development on the Solana chain—OpenEden, an RWA platform, has introduced a yield-bearing stablecoin backed by government bonds into the Solana ecosystem. This is meaningful for the ecosystem as it provides users with a new stable income option.

**Summary of Hot Coins and Sector Movements**

Covalent(CXT) exploded today, with a surge of over 219%. Behind this increase is the intensive disclosure of infrastructure progress, coupled with a relatively small circulating market cap, leading to a clear sentiment amplification effect.

Impossible Cloud(ICNT) rose by 16.73%, as the announcement of enterprise-level cooperation cases boosted expectations for its decentralized cloud service deployment.

PIPPIN today increased by 28.85%, but essentially, this is short-term capital speculation driven by technical breakthroughs. There are no new fundamentals to support this, so the volatility risk remains quite high.

The NFT sector is quite bleak, with an average decline of over 9% in the past 24 hours, and the overall risk appetite in the sector has dropped significantly.