Liquidity across the industry is very tense; yesterday only one hundred-fold new dog came out on-chain, the Cocoro rapid pass on base is about to drop to zero. Who got on the train yesterday?
$BTC I told everyone a couple of days ago not to short and got criticized, but its fundamentals are really fine. I don’t want to respond to the comments about bulls being gone. Definitely, there is national-level buying involved, but US stocks are down, and liquidity in various financial markets is poor. Everyone is waiting for a Fed rate cut in June, maybe in the second half of the year.
$SOL there is still movement on-chain, slightly up. Every day, several small 'golden puppies' can yield ten or dozens of times. Previously worried about unlocking selling pressure, OTC institutions basically withdrew their staking. Once BTC stabilizes, I believe various startup teams will come back to make things happen. Path dependence cannot be stopped. Buying users want to pump, developers want to create, how can it always be cold?
$ETH has been held for over 3 years, now don’t ask me, the more I say, the more tears. Can't understand. I can only say: the big holders haven't sold yet, and I can only say: if it rises again, retail investors will go crazy chasing it. The consensus is not there, but the status is still there.
1. Texas has established a Bitcoin reserve fund to create the first state-owned crypto fund in the US;
2. The original DOGE Shiba Inu KABOSU's owner announced the launch of the $Cocoro token on the Base chain; rapid pass of 100 million in 1 hour, currently down 70%, resting around 35 million;
3. GSR clarifies: it is not the market maker involving GoPlus Security mentioned in Binance's statement;
4. Bitwise: Trump's crypto reserve plan will trigger a global Bitcoin arms race;
5. @cz_binance: @yzilabs may invest in the MVP project of a social platform based on BNB payments (exchange big shots are all looking at payments).
6. @solayer_labs has launched native SOL staking;
7. @coinbase worked overtime over the weekend to put stocks on the blockchain; the recent new narrative is US stocks on the blockchain.