Key market highlights today:
1. The "GENIUS Act" has been passed by the Senate and awaits Trump's signature for further regulatory development.
2. Mu Qing believes that Bitcoin has entered the late stage of a bull market but still has room for growth. From the liquidity indicators, the market has not yet reached its peak, and the subsequent trends are worth continuous attention.
3. The activity on the AVAX chain has significantly increased, with meme coins like Lambo and FOMO performing strongly in the short term, attracting a large influx of capital and becoming new hotspots.
4. CEX and DeFi performance: CEX altcoins are generally declining, but leading DeFi projects are showing strong resilience. Once the market stabilizes, these top projects may rebound first, with Aave and others worth focusing on.
5. Pump.fun sold 4.1 million SOL in the past two months, and their actions have had a negative impact on the industry.
