GM June 17, 2025

1. Market Trends

BTC fluctuates, altcoins rise broadly. MicroStrategy bought 10,000 BTC last week.

U.S. stocks are rising. Stablecoin Circle's stock skyrocketed to $35 billion.

2. Market Highlights:

1. SPK on BNB. Spark Protocol is a decentralized lending platform launched by MakerDAO, providing DeFi loans and obtaining liquidity directly from Maker.

2. The public chain TRX seeks to list on U.S. stock markets, holding 28% of the stablecoin supply. The related U.S. stock SRM surged several times, with recent coin stocks performing much better than altcoins.

3. The on-chain contract platform Hype reaches a new high, with a market value of $45 billion, accounting for 85% of the on-chain contract market share. Hype contracts have a high long position fee, and market sentiment is greedy.

4. Small coins ALT, MAGIC, and HAEDAL rise on South Korea's Upbit.

5. Meme launch platform PumpFun has a pre-market value of $7 billion.