As traditional gold fades, the crypto market is experiencing a carnival of magical realism. Bitcoin$BTC breaks through the clouds nearing historical highs, while Ethereum$ETH soars 11% in a single day, staging a dramatic comeback, as Trump's policy shift stirs up massive waves in the global capital market. Is this the dawn of digital assets or a carnival before the storm? Let’s delve into today’s financial boiling point.
🔥 Digital gold paradox
'Gold has fallen, but digital gold has gone crazy' has become the most magical footnote in today’s market. BTC ignores the downturn in the precious metals market, strongly breaking through the $30,000 barrier, just a step away from the previous highs of U.S. stocks. Analysts point out that this rise may signal that crypto assets are detaching from the linkage logic with traditional safe-haven assets, establishing an independent narrative system.
🚀 ETH short position bloodbath scene
Ethereum's intraday increase surpasses 11%, with a strong exchange rate rebound causing a Waterloo for $1700 short position giants. On-chain data shows that whale addresses' stop-loss actions triggered a chain reaction in the market, leading to fierce battles between bulls and bears at the key level of $1800.
🌐 SOL chain recovery signals
The activity on the Solana network has significantly rebounded, with leveraged trading injecting a strong boost to the market. The developer community reveals that multiple DeFi protocols are preparing to launch, and an on-chain rally may be just around the corner.
💼 Trump’s policy shift shockwave
The former president's statement on significantly reducing tariffs on China instantly ignited enthusiasm in the Japanese and Korean stock markets, with both countries' indices reclaiming ground lost in April. This move shakes the global trade landscape, raises expectations for Fed interest rate cuts, but the uncertainty over Powell's job security still looms over the market.
🤝 $3 billion crypto mega ship sets sail
Wall Street giant Cantor Fitzgerald collaborates with SoftBank and Tether to prepare a $3 billion Bitcoin investment fund. Insiders reveal that the fund will focus on miner collateral and compliant exchanges, as traditional capital rewrites the rules of the crypto market.
🏆 CHZ stages a zombie resurrection
The Chiliz token, once popular in the sports circle, announces its return to the U.S. market before the World Cup after years of silence. On social media, investors jokingly refer to it as 'this project is still alive,' triggering a spectacle of nostalgia intertwined with speculative fervor.
🛡️ XRP security alert triggered
$XRP The Ledger Foundation urgently discloses a critical vulnerability in the JavaScript library, urging users to upgrade their nodes immediately. Security experts warn that this vulnerability could be exploited for double-spending attacks, posing a significant threat to on-chain assets.
🔄 Grayscale's transformation breakthrough battle
Facing ETF competitive pressure, Grayscale's CEO reveals a diversification transformation plan for the first time, intending to launch innovative products covering altcoins. The market interprets this as traditional asset management giants seeking rebirth in the crypto wave.
🎉 Coinbase's self-produced and self-sold controversy
A Binance competitor announces the launch of the Base network token CLANKER, with the community questioning its 'selling melons' behavior. Data shows that 90% of the token's 24-hour trading volume comes from internal trading, sparking discussions on market fairness.
From the carnival of digital gold to the policy shift in traditional markets, today’s financial market seems like a drama of multiple personalities. As Trump's policy shift resonates with the capital strategies of crypto giants, this cross-border and cross-asset class game is rewriting the operational rules of the global financial market. Investors must remain clear-headed amid the jubilation: each market bubble's burst often begins with the most insane narratives.
