Summary of secondary market catalysts: Which projects are still driving market progress despite the bearish sentiment? PLUME: The RWAfi public chain Plume has launched 14 tokenized funds issued by WisdomTree on its platform. ETH Ethereum: The Fusaka upgrade has been completed on the Hoodi testnet, and the mainnet upgrade is scheduled for December 3. FXUSD / ETH / BTC: Fx Protocol has launched fxMINT, allowing users to mint its stablecoin fxUSD directly using ETH and BTC as collateral under normal market conditions without paying ongoing interest. FRAX: Frax has launched FraxNet, positioned as a central platform around frxUSD for minting, redeeming, and earning yields related to frxUSD. PUMP: Pump.fun has introduced a new initiative called Spotlight, expanding from a simple MEME platform to supporting utility tokens and tapping into the Internet Capital Markets narrative. ORE: Ore has launched a new mining protocol redesigned to generate revenue for the protocol and support a more sustainable token economic model. ASTER: ASTER plans to allocate approximately 70%-80% of S3 fee revenue for ASTER buybacks, with the exact distribution ratio depending on market conditions.