Introduction:
1. Four.meme WLFI B co-hosting a usd1 incentive event, potentially creating a usd1 trading pair dragon2
2. @SpartanVersusEliza released the V2 version, a new version expected to be released in June-July, potentially with secondary opportunities
3. The Solana Alpenglow consensus update will significantly enhance network performance, possibly implemented by the end of 2025 or early 2026.
[Solana major upgrade, if analogous to ETH POS upgrade, a small peak is expected around November 2025]
4. Republican leaders hope to pass the stablecoin-related (GENIUS Act) this week
5. The number of active addresses on public chains in the past 7 days, Solana leads with 33.285 million active addresses, followed by BSC with 7.235 million
6. PANTERA's latest research report suggests the emergence of 'coin holding companies' (DATs) as a new investment favorite, and Bitcoin will disrupt traditional finance among five new trends
One, macro market
(1) Traditional market
1. US stocks: Nasdaq up 0.67%, S&P up 0.41%, Dow up 0.08%
2. US debt: Retraced to 4.446%
3. US Dollar: dropped from 99 to 98.67
4. Gold: surged 2.76 points on the 2nd, reported at 3378. Geopolitical risks due to the Ukraine bombing of a Russian bomber base on June 1, escalating Russia-Ukraine tensions, weakened dollar index, promoting gold to rise
(Two) Policy trends
The US Senate will resume work on Monday, with the real focus being: legislators are pushing for bipartisan cooperation on the (GENIUS Act) (a stablecoin legislation), Republican leaders hope the bill can pass in the Senate this week.
(Three) Crypto dynamics
Circle indicated that due to overly enthusiastic market investors, they decided to increase the stock issuance by 33%, while each share price rose from 24 - 26u to 27 to 28u.
Two, market review
1. Market data: The market cap of BTC slightly dropped by 0.34 points, reported at 64.36%
2. Stablecoin data: 178 million outflow in a week, 415 million inflow of USDT, 590 million outflow of USDC
3. ETF data: On June 2, without BlackRock data, BTC ETF outflow was 137 million, ETH ETF inflow was 29.8 million USD
4. The number of active addresses on public chains in the past 7 days, Solana leads with 33.285 million active addresses, followed by BSC with 7.235 million
Three, industry hotspots
1. James quickly went from getting rich - to violently losing money - to begging
2. Possible opportunity: Sending small amounts of money to this address, hoping they might issue coins
https://x.com/_FORAB/status/1929542072471802289
(An interesting point, James said during his begging process that everyone would get their money back at a 1:1 ratio, without making any false promises)
3. BitMEX co-founder Arthur Hayes posted on social media that he is starting to feel that whale James Wynn's attempt to raise funds at zero cost might become one of the most successful marketing campaigns for a trading platform in crypto history. HYPE will surely win.
Moreover, this guy is very likely conducting hedging trades under another anonymous address, specifically to take advantage of Hyperliquid's next round of airdrops
4. In May, DEX (decentralized exchange) trading volume reached 25% of CEX (centralized exchange), setting a historical high
In May, the monthly total trading volume of DEX was 410.2 billion USD, with PancakeSwap having the highest trading volume at 171.6 billion USD. Following closely were Aerodrome and PumpSwap, with monthly trading volumes approaching 15 billion USD.
5. Top institution PANTERA (previously invested in Coinbase, Ripple, Wintermute, Circle, Arb, and other unicorns) research report
New trends in the cryptocurrency field:
(1) 'Coin Holding Company' (DATs) becomes a new investment favorite: Listed companies like MicroStrategy buy Bitcoin, Ethereum, etc., relying on financing; investors can indirectly hold coins by buying their stocks and might earn more than buying coins directly (for instance, through stock price premiums and expanding holdings). Pantera has invested in multiple companies holding Bitcoin, Solana, and Ethereum.
(2) Stablecoins as USD 'blockchain weapons': 98% of stablecoins are backed by USD, the US is pushing for legislation to regulate stablecoins, essentially reinforcing USD hegemony through blockchain – for instance, stablecoins facilitate global circulation of USD and have become new buyers of US debt (holding 177 billion USD in US debt).
(3) Institutions and the US political sphere are turning to support cryptocurrencies: Previously, institutions were hesitant to enter due to regulatory ambiguities, but now with presidential support and a large number of anti-crypto congress members eliminated, giants like Fidelity and BlackRock are starting to get involved.
(4) Blockchain investment is more attractive than traditional venture capital: Investors can directly purchase 'protocol shares' (such as Bitcoin), projects go live quickly, returns are high, and they have low correlation with US stocks (Bitcoin’s correlation with the S&P 500 is only 0.1).
(5) Predictions from big shots: Bitcoin will disrupt traditional finance: paper currency may be eliminated, stablecoins will replace bank deposits, Bitcoin's market cap has already surpassed Amazon and Google, and in the future, the US may hold Bitcoin as a strategic reserve.
Complete research report: https://x.com/PanteraCapital/status/1929575872958275656
Four, alpha
1. Boop arbitrage opportunity
Complete analysis: https://x.com/sanyi_eth_/status/1929395450408566836
2. A meme for the dragon2 usd1 trading pair is expected to appear
Accelerating the adoption of the USD1 stablecoin on BNB Chain, Four.meme officially announces its participation as a co-host in the 'USD1 1 Million Incentive Program: BNB Chain Liquidity Promotion' initiated by World Liberty Financial (WLFI). This event is co-hosted by WLFI, Four.meme, PancakeSwap, and BUILDon, with support from ecological partners like BNB Chain, Aster, and ListaDAO.
3. Degenai's official Twitter @SpartanVersusEliza released the V2 version, soft launch is currently being tested with partners, with a formal release in June-July, the ai16z team may follow community suggestions to imitate the virtual ecology and initiate the flywheel.
(There may be secondary opportunities, the current degenai market cap is 3.9 million, note that the market cap of farm3 deployed by shaw mission has dropped to less than 400,000)
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6. Mirai continues to collaborate on memes
7. Bonk official released the latest chain game @BonkArenaGame
meme + chain games, quietly developing a new platform
8. [Important] Solana Alpenglow consensus update will significantly improve network performance, possibly implemented by the end of 2025 or early 2026.
The Solana Alpenglow consensus update is a major upgrade aimed at improving network speed and efficiency. Key changes include:
(1) Replacing the consensus mechanism: Replace the current Proof of History (PoH) and Tower BFT with Votor (voting mechanism) and Rotor (data propagation protocol) to simplify the protocol.
(2) Faster confirmation times: Expected to reduce the final block confirmation time from 12.8 seconds to 100-150 milliseconds, supporting real-time applications such as decentralized games and high-frequency trading.
(3) Reducing costs: Eliminating voting fees, lowering validator operating costs, attracting more small validators to participate.
(4) Enhancing real-time performance: Making Solana competitive with centralized Web2 infrastructure, suitable for latency-sensitive applications.
(5) Improving network robustness: Introducing a '20+20' resilience model that can tolerate 20% hostile shares and 20% non-responsive shares while maintaining consensus.
