5.24 Regional Blockchain Morning Report:

Yesterday's market truly proved that since Trump took office, the entire global financial market has been in his hands, opening and closing at will.

1. $BTC, under Trump's influence, broke below 110,000 and oscillated around 107,000. It's hard to believe this is a crypto market that dropped from around 110,000, with altcoins generally down by 10%;

2. $ETH can only be described as picking soft persimmons, always thinking this time would be different, but in reality, it’s the same old story, dropping even harder, becoming a larger leveraged version of BTC;

3. $SOL follows the weak and not the strong, whoever is weak it follows. There is no independent market presence, and the recovery of on-chain activity is still hard to save;

4. Hyperliquid Labs submitted a letter of opinion to the CFTC, supporting DeFi perpetual contracts and a 24/7 trading mechanism;

The fundamentals of @HyperliquidX have already changed from when it was at 10u;

5. U.S. Treasury Secretary: Major trade agreements are expected to be reached in the coming weeks;

U.S. Treasury Secretary: The 90-day tariff suspension is based on sincere negotiations, and Trump believes the quality of the EU's proposal is not high;

U.S. Treasury Secretary Bessent: Very close to adjusting the Supplementary Leverage Ratio (SLR), which may impact Treasury yields;

6. @cz_binance: Some VCs are spending millions of dollars on lobbying against Binance helping the U.S. become the cryptocurrency capital;

If USD1 is already like this, how can a few million dollars succeed in opposing it?

7. The U.S. Department of Justice has indicted the main perpetrator of Qakbot, involved in assisting the deployment of ransomware and profiting over 24 million dollars;

8. Kalshi has added support for Solana deposits, expanding cryptocurrency payment options;

9. @humafinance token pre-sale is now open to Huma OG users and JUP stakers;

10. U.S. SEC Commissioner Hester Peirce: Staking activities are not subject to securities law regulation;

11. Mysten Labs officially closed the emergency whitelist request after launching it, exploring new rescue ideas;

12. @virtuals_io flywheel has started positively, negatively influenced by the market, various wealth effects, stay tuned;