Market Overview:
1. BTC is experiencing volatility as altcoin season emerges. BTC dominance has broken down on the weekly timeframe, while the ETH/BTC exchange rate has broken through on the monthly chart. Market trends are centered around regulatory compliance and real yield.
2. US stocks are rising, and the White House has indicated it will soon dismiss Powell. ETH, MicroStrategy's SBET, and stablecoin Circle are seeing significant gains.
Market Highlights:
1. Public chain ETH is surging, with the ETH/BTC rate breaking through on the monthly chart. Stablecoin concepts like CRV and CVX are also seeing significant gains. ETH-based meme token SPX has reached new highs, with market maker Murad earning $60 million.
2. SOL chain meme launch platform BONK is surging while PUMP is declining, with BONK and PUMP revenues approaching parity. BONK ecosystem meme token ANI is rallying significantly, with multiple mentions from Elon Musk's account.
3. Lower-quality projects like FLOKI, BOME, CATI, and MEME are rebounding, with numerous on-chain meme coins pumping randomly. Market sentiment is at a high point, increasing risk.
4. Binance has listed Caldera (ERA), an L2 rollup deployment platform with total funding of $25 million.
