Today's Market Hotspot Overview:
1. After reaching a new high, BTC continues to fluctuate and decline. Despite multiple positive factors, there is no significant increase, and the market may be brewing a deep adjustment. In the short term, beware of "fake bullish signals turning into a sell-off."
2. Although ETH's trend is stable, upward momentum is weakening. The Ethereum Foundation announced it will implement financial management and transparent reporting mechanisms, marking a gradual move towards standardization by the project team.
3. The meme project pumpfun has triggered a rush of on-chain projects to exit, causing a chain reaction that impacts SOL prices. Recent popular memes like Labubu and Ball have generally weakened, indicating a lack of sustained narrative support.
4. Late at night, Trump posted on the X platform suggesting that US-China negotiations are stalled, and tariffs may be reintroduced in the future, causing market nerves to be on edge and increasing short-term risks.
5. Circle will go public tonight at $31, raising $1.1 billion, with oversubscription of 25 times, reaching a valuation of $6.2 billion. The stablecoin narrative may become one of the main themes in the second half of the year.
6. CB Listing: COIN has recently focused on listing multiple currencies such as $LA, $ENA , and $CAKE . Some projects, like LA, have seen explosive rises and falls after listing on platforms like Gate, resulting in numerous liquidations, and the platform has promised compensation.
7. BSC has seen active trading recently, with a strong performance of the narrative chain formed around WLFI, and related tokens have shown significant increases. WLFI subscription users also received airdrops worth $47 equivalent to $USD1 , leveraging political symbolism for speculation.
