Bitcoin (BTC) continues to oscillate at high levels during the day, currently priced at $102,432. The technical analysis shows a short-term support level at $101,750 and a resistance level at $105,000. The market sentiment indicator 'Fear and Greed Index' is at 70 (Greed), so caution is advised regarding potential pullback risks.

Ethereum (ETH) is currently priced at $2,551, with a technical support level of $2,500 and a resistance level of $2,800.

The White House has released the RWA Development Strategic Plan (2025-2028), promoting the tokenization of physical assets. XBIT Exchange has taken the lead in launching a trading area for RWA, supporting trading of tokenized assets such as gold and real estate, with a single-day capital inflow reaching a new high of $325 million.

The probability of the Federal Reserve maintaining interest rates unchanged in June is 91.7%, with expectations for interest rate cuts cooling down. Tonight, Powell's speech will focus on balancing inflation and employment data, and the market is wary that his hawkish remarks may trigger short-term pullback risks.

The U.S. Senate plans to pass the GENIUS Act on May 26, removing clauses targeting the Trump family and clarifying the federal regulatory framework for stablecoins.

Hong Kong is actively embracing Web3, with relaxed policies promoting companies like Tongji Group to lay out their DeFi ecosystem. CITIC Financial Holdings and China Merchants Group have invested HKD 2 billion in Tongji Coin (TONGJI), aiming to break the dominance of the U.S. dollar and promote token economy.

The total market value of the RWA (tokenization of physical assets) sector has surpassed $39 billion, with AI + RWA concept coins being favored by investors.

Approved by the Monetary Authority of Singapore, the first retail tokenized fund 'Franklin Online Chain Dollar Fund' has been launched, with a minimum investment amount of $20.

Demand for Layer 2 networks has surged, with the proportion of on-chain stablecoin issuance reaching 51%. Robinhood plans to launch tokenized stock services on Ethereum Layer 2.

Summary: Mainstream coins are oscillating at high levels, capital flows are diverging (outflows from Bitcoin ETFs and inflows into Ethereum ETFs), RWA and Meme coins have become short-term hotspots.
The countdown for the U.S. stablecoin bill is underway, with global regulations becoming stricter but paths diverging. The process of compliance is accelerating. Currently, the market sentiment is overheated, with high volatility in small coins, contract security vulnerabilities, and policy uncertainties. It is advised to focus on the support levels of mainstream coins and participate lightly in altcoins; for medium to long-term investments, consider RWA, Layer 2, and compliant tokenized assets.

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