1) Market Overview:

BTC rebounds from the dip, altcoins collectively perform a strong recovery from overselling.

MicroStrategy only added 245 BTC last week.

The macro environment is also supportive: US stocks are rising, the Federal Reserve is considering an early rate cut, and the Middle East conflict is seeing a ceasefire.

The market capitalization of Circle's stablecoin skyrocketed to 60 billion, increasing tenfold in just half a month—outrageous!

2) Market Highlights:

① The Newt launched on BN is gaining popularity! It is a unified blockchain network created by Magic Labs and Polygon Labs, focusing on cross-chain unified wallets and balance integration; the BN wallet has also presold its first project, XNY.

Additionally, Codatta focuses on a decentralized infrastructure combining AI and data, with BR, BANANA, TUT, etc., on the BSC chain surging, and BR's short selling rate even reaching -0.7%.

② Stablecoin concepts are booming: KAIA, SEI, LQTY, etc., are all rising. South Korea's Kakao Pay social chain plans to issue a stablecoin, and SEI has been chosen by a certain US state as a stablecoin public chain.

③ The on-chain AI launch platform BID reached a new high, as a competitor to Virtual, with recent updates and launches on BSC and Base chains, gaining significant attention.

④ The MEME segment of the Solana chain continues to soar: USELESS, LABUBU, etc., are experiencing explosive growth, with the USELESS token on the BONK platform increasing 20 times in half a month—unbelievable!