【Today's Analysis】
I. Market Trends
1. BTC rebounds, altcoins surge.
2. US stocks rise, RMB exchange rate strengthens.
3. The market expects the Federal Reserve to cut interest rates twice this year and four times next year.
II. Market Highlights:
1. Platform token CRO surges.
CRO is the token of the crypto.com platform and the gas token of the Cronos blockchain. Trump Media Technology will raise $6.4 billion for the CRO treasury.
2. On-chain contract platform Hype surges, approaching previous highs.
The next upgrade will significantly reduce the funding rate by 80%, increasing the number of operating nodes from 21 to 24, and the proportion of income used for token buybacks will increase from 50% to 99%.
3. WLFI pre-market trading contracts, long rate 0.1%. PLAMA in Hype's pre-market trading contracts was manipulated, resulting in a 4x pump causing all hedges to be liquidated.
