2025.05.19 Xin GPT Daily

- The biggest news is that Moody's downgraded the U.S. credit rating last weekend, causing treasury yields to exceed 5%. However, the impact of this downgrade is manageable, and the market's expectations for fiscal risks are fully accounted for, not believing it will lead to a financial crisis-level correction;

- Bitcoin is still fluctuating within a range, after a false breakout over the weekend, it has returned to the consolidation range, and the trend needs to be observed further.

- Altcoins generally corrected over the weekend, continue to hold the Asian Founders portfolio ($KAITO, $VIRTUAL, $SIGN), and observe the performance of strong whales ($NEIRO).

- Attention in the meme market has decreased, classic memes are being refocused by speculative funds, such as Labubu. It can be seen that the thinking of speculative funds in the crypto circle is also shifting from exchange memes, such as Moodeng Fartcoin Pepe -> on-chain small-cap meme labubu -> new memes.

Continue to be bearish on Believer platform tokens, on-chain meme attention is becoming scattered, with more platforms emerging, the valuation ceiling is getting lower, unless there is a continuous influx of on-chain funds (like a new Bitcoin high) or new issuance models are observed.