Overall Market Performance
Bitcoin (BTC) rises against the trend, while altcoins generally fall into a downtrend. Notably, the BTC contract rate is currently in a negative state, with a long-short ratio of only 0.5, indicating bearish market sentiment. Meanwhile, U.S. stocks maintain a volatile stance, while the Hong Kong and A-share markets focus on compliant cryptocurrency brokerage sectors, with related concept stocks experiencing a surge.
Market Hotspots Focus
① Platform Token HSK Strongly Rises: Recently, the price of platform token HSK has surged significantly. Guotai Junan International, with its virtual currency license, saw its market value increase by $3-4 billion. A deeper investigation reveals that in the cryptocurrency business of Hong Kong brokers, HashKey undertakes 90% of the underlying work, yet its market value is only $700 million, indicating a clear undervaluation. Looking ahead, stablecoin issuance by companies like JD.com is highly likely to collaborate with HashKey. From an investment safety margin analysis, HashKey's last round of institutional financing was valued at $1.5 billion, with major shareholders' investment in its compliant operations nearing $400 million, and the employee stock holding cost price is also around $400 million. Recent negative news (FUD) circulating in the market may not be ruled out as a deliberate bearish signal released by market makers to accumulate positions at low levels.
② BSC Chain Meme Coins Heat Up: On the Binance Smart Chain (BSC), meme concept tokens such as Banana, Tut, etc., have seen significant price increases, with Banana even reaching a new price high, attracting considerable market attention.
③ Lending Sector Syrup Hits New High: The price of the lending sector token Syrup continues to rise and has refreshed its historical high, with the market performance suggesting that this token may have been controlled by a strong market maker.
④ Trump Family's New Project Attracts Attention: It is reported that the WLFI project under the Trump family is about to issue tokens, and this news has sparked widespread discussion and anticipation within the cryptocurrency community.
