October 24 Market Update: BTC sees significant fluctuations, U.S. bond yields rise, 93% chance the Federal Reserve will cut interest rates by 25 basis points in November

I. Market Dynamics

1. BTC fluctuates widely, altcoins rise and fall unevenly, polarization occurs.

2. U.S. bond yields continue to rise, Nasdaq fell by 2% at one point, the probability of the Federal Reserve cutting interest rates by 25BP in November is 93%.

II. Market Focus

1. AI MEME leader GOAT surged after a "spelling error" caused a drop and market washout, breaking through a market value of $600 million USD, driving on-chain MEME speculation towards AI.

2. The SOL/BTC exchange rate has risen fivefold from its bottom this round; native currency rises; on-chain daily transaction fees have risen to their highest since May.

3. Tokens for SOLANA's ecological DEFI protocol are generally rising; JUP rose more than 9% in 24 hours; native currency price increases, MEME speculation and ecological opportunities promote each other.

4. L2 project ZKL that supports multiple chains will delay the allocation plan for 40.5% of total token supply by six months; STARKNET at Layer-2 is about to start token staking which may benefit token prices.