CoinMeta data: In its latest weekly report, Binance Research noted that since August 31, the yield on 10-year U.S. Treasury bonds has risen by 47 basis points, of which 43 basis points came from an increase in real yields. The inflation break-even rate only rose by 4 basis points, with the 10-year real yield once reaching 2.95%, the highest level since 2008. Since the interest rate hike in September, BTC has risen by 9.3%, and ETH has risen by 2.7%. Among them, Layer, RWA, and AI tokens have risen by approximately 32%, 29%, and 29% respectively, while Meme and payment tokens have performed relatively poorly. Current high real interest rates still have a suppressive effect on a wide range of risk assets. Subsequently, it is necessary to pay close attention to CPI, long-term U.S. Treasury bond yields, and the capital flows of BTC ETF.