Announcements Gate Research: Powell's Hawkish Remarks Trigger Crypto Pullback; SuiNS Stands Out in a Down Market

Gate Research: Powell's Hawkish Remarks Trigger Crypto Pullback; SuiNS Stands Out in a Down Market

2024-11-15 12:29:17 UTC 27377 Read

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**Gate Research Daily Report (November 15):**On November 15, influenced by hawkish comments from Jerome Powell, the prices of cryptocurrency assets saw a significant pullback. BTC's price dropped by 3.39%, falling below $87,000 at its lowest point. The price of ETH declined by 4.03%, reaching a low of $3,030. SuiNS saw a daily price increase of approximately 635.58%, as high-potential investment projects continue to emerge within the Sui ecosystem. Solana's daily DEX trading volume reached 42%, setting a new all-time high. The number of nodes on Network 3 has surpassed that of Helium, ranking 5th globally in the DePIN (Decentralized Physical Infrastructure Network) sector. Tether launched the Hadron platform, which simplifies the asset tokenization process and promotes financial inclusivity. Wyden successfully completed a Series B funding round, raising over $16 million, with investors including FiveT Fintech, C3 VC Fund, and others.

**Market Analysis**: Due to hawkish comments from Jerome Powell, crypto assets experienced a significant pullback, with BTC dropping 3.39% and ETH falling 4.03%.
**Top Performers**: SuiNS saw a single-day increase of approximately 635.58%, as the Sui ecosystem continues to produce high-potential investment projects.
**Data Highlights**: Solana's daily DEX transaction volume reached 42%, setting a new historical high.
**Spotlight Analysis**: 18 U.S. states have collectively filed a lawsuit against the SEC, accusing the agency of excessive regulation of the crypto industry.
**Market Opportunities**: USUAL focuses on issuing stablecoins backed by real-world assets, such as $USD0. The project aims to provide security and transparency through a multi-chain infrastructure. It is currently running a rewards program, where users can earn future airdrop eligibility through participation.

Explore today's details 👉🏻 [Gate Research: Powell's Hawkish Remarks Trigger Crypto Pullback; SuiNS Stands Out in a Down Market](https://www.gate.io/learn/articles/gate-research-powell-s-hawkish-remarks-trigger-crypto-pullback-sui-ns-stands-out-in-a-down-market/4733?ch=GDR_ann_20241115&utm_campaign=TR_jtwapYaz&utm_content=&utm_medium=CPM&utm_source=CH_79kTf7RP&utm_term= "Gate Research: Powell's Hawkish Remarks Trigger Crypto Pullback; SuiNS Stands Out in a Down Market")

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Nov 15th, 2024

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