The liquidity across the entire industry is quite tight. Yesterday, only one new dog token with a hundred times increase was released on-chain, and the $Cocoro on Base is about to hit zero after quickly reaching $100 million. Who got on board yesterday?
$BTC I told everyone a few days ago not to short it, and I got criticized for it, but its fundamentals really have no issues. I don't want to respond to the comments about bulls being gone. #US Crypto Strategic Reserve will definitely attract national-level buying, but US stocks are falling, and liquidity in various financial markets is poor. Everyone is waiting for the Fed to cut interest rates in June, maybe in the second half of the year.
$SOL There is still some activity on-chain, slightly increasing. Every day, we can see several little golden dogs with a tenfold or even dozens of times increase. Previously worried about unlocking selling pressure, OTC institutions have basically withdrawn their staked assets. Once BTC stabilizes, I believe various startup teams will come to stir things up again. It's path-dependent and cannot stop. Buyers want to push the price, and developers want to do something, so how could it remain cold?
$ETH I held it for more than three years. Now, don’t ask me; saying too much will only bring tears. I can only say: the big holders haven't sold yet. I can only say: if it rises, retail investors will go crazy chasing it. The consensus is not there, but its status remains.
Other somewhat valuable information:
1. Texas has established a Bitcoin reserve fund, creating the first state-owned crypto fund in the US;
2. The owner of KABOSU, the prototype Shiba Inu for DOGE, announced the launch of the $Cocoro token on the Base chain; it quickly reached $100 million within an hour but is currently down 70%, hovering around $35 million;
3. GSR clarifies: it is not the market maker involved with GoPlus Security as 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 a social platform MVP project based on BNB payments (exchange moguls are all watching payments);
6. @solayer_labs has launched native SOL staking;
7. @coinbase worked over the weekend to put stocks on-chain; the recent new narrative is about US stocks going on-chain.