Bitcoin (BTC) leads the rebound market, with altcoins rising in tandem. The external market is also favorable, with US stocks showing an upward trend and the RMB exchange rate performing strongly. The current market widely expects the Federal Reserve to initiate 2 rate cuts this year, with the number of cuts possibly reaching 4 next year.
Market hotspots focus on:
- The Crypto.com platform token and Crono blockchain Gas token CRO have seen significant increases, primarily driven by Trump Media Technology injecting $6.4 billion into the CRO treasury.
- The on-chain contract platform token HYPE has shown significant price increase, nearing its historical high. It is reported that after its next upgrade, the funding rate will be significantly reduced by 80%, the number of operational nodes will increase from 21 to 24, and the token buyback ratio will rise from 50% to 99%.
- The current long position rate for WIFI pre-market trading contracts is 0.1%; according to market dynamics, PLAMA in HYPE's pre-market trading contracts faced artificial manipulation causing a 4-fold increase, resulting in all hedged positions being liquidated.
