Mainstream Coin Market Performance
In the past week (October 31 to November 6), mainstream digital currencies generally showed a downward trend, mainly influenced by global economic uncertainty and risk sentiment. The specifics are as follows:

• Bitcoin (BTC): Down 8%, from $109,603 to $101,325
• Ethereum (ETH): Down 14%, from $3,848 to $3,314
• Binance Coin (BNB): Down 13%, from $1,089 to $950
• Solana (SOL): Down 17%, from $187 to $155
• XRP: Down 12%, from $2.5 to $2.2

This market correction is mainly driven by the global stock market’s weakness and the ongoing deleveraging in the crypto market. Investors have generally shifted towards safer assets and reduced their exposure to high-risk digital assets.

DeFi Market Dynamics
The DeFi (Decentralized Finance) space showed resilience this week, particularly with Real World Assets (RWA) linked to traditional financial assets, which are gradually attracting more institutional participation.

• RWA Integration: For example, Securitize and VanEck have integrated VBILL (a U.S. Treasury-backed asset) into the Aave Horizon protocol, allowing it to be used as collateral for lending. This move marks a deeper integration of DeFi with traditional finance, bringing more institutional capital into the DeFi space and addressing broader financial needs.

Public Chains and L2 Developments
This week, there were significant developments in public chains and Layer 2 (L2) solutions.

• Ethereum L2: The Ethereum network will upgrade to Fusaka on December 3, enhancing Ethereum’s scalability and transaction throughput, which will drive further adoption in decentralized applications (dApps).
• ZKSync: ZKSync introduced a model tying ZK technology with network revenue, strengthening the zero-knowledge proof economic incentive model in L2 solutions. This move will further solidify Ethereum’s Layer 2 solutions and offer enhanced efficiency and security for applications within the Ethereum ecosystem.

Meme Coin Market
The Meme coin market saw a rebound in interest this week, driven mainly by the DOGE ETF narrative. However, the funding outlook weakened, and the price performance remains relatively sluggish.

• DOGE ETF: Driven by major asset managers such as Bitwise and Grayscale, a DOGE spot ETF is being submitted to the U.S. Securities and Exchange Commission (SEC), which is expected to bring more capital into the market. However, the technical outlook for DOGE remains bearish, and the market is still waiting to see if it can break out of its recent downward trend.
• Solana and Meme Coins: High-beta assets related to Meme coins within the Solana ecosystem also saw pullbacks, reflecting a reduced appetite for high-risk assets in the short term.

Binance Alpha and Market Sentiment
This week, Binance Alpha focused on adjusting the pace of airdrops and sector rotation within the AI space. Market sentiment remains cautious, but AI-related projects still garnered significant attention.

• Airdrops and AI: Binance continues to launch new airdrop activities and strengthen its AI sector investments, driving market funds into new technology areas. Investors should look for low-entry opportunities with strong narratives during pullbacks, particularly in projects combining AI and blockchain.

Entrepreneurship, Innovation, and Future Trends
In the realm of entrepreneurship and innovation, this week saw a trend towards combining AI and Real World Assets (RWA), especially following the launch of Olas' AI Agent Store. The combination of AI and RWA funds brings new growth opportunities to the crypto market.

• AI × RWA × Liquidity Routing: By combining AI agents, RWA funds, and decentralized liquidity routing, the infrastructure of the crypto market is gradually achieving deep cross-industry integration. Such innovations will open new growth avenues for the future market, especially in the prediction market and DeFi sectors.

Conclusion
Despite the recent market downturn and broad declines in mainstream coins, technological innovations and cross-industry integrations in the crypto market continue to progress. Key areas with strong growth potential include the integration of RWA and DeFi, developments in public chain L2 solutions, and the convergence of AI and crypto. Investors should focus on short-term market pullback opportunities and closely watch emerging investment opportunities in new technology sectors.