Market Overview
- Cryptocurrency Market: Bitcoin surged, breaking a seven-week high, with prices exceeding $90,000. The contract fee rate is -0.02%, suggesting that market sentiment might be at a bottom in the short term. Altcoins generally rose, with market hotspots focused on meme and AI-related cryptocurrencies.
- US Stock Market: US stocks rose significantly, with all three major indices gaining more than 2.5% in a single day, and popular Chinese concept stocks performed strongly. Trump stated that tariffs on China will significantly decrease, and trade conflicts are expected to ease, which is a positive signal for the global economy and financial markets.
- Precious Metals Market: Gold futures briefly broke the $3,500 per ounce mark during trading, then retraced gains, closing down 0.17% at $3,419.40, due to rising US stocks, easing trade conflicts, and declining demand for safe-haven assets.
Market Hotspots
- Cross-Chain Communication Protocol: Hyperlance has launched on Binance, serving as an interoperation protocol for cross-chain communication, with a high average return through Binance wallet IDO. The past few months have also seen considerable airdrops from Binance Alpha single accounts.
- Public Chains and Ecosystem: Public chains like SUI, SOL, and ETH have risen, with SUI performing the best. Its ecosystem's DEEP has also risen significantly and is listed on the South Korean Upbit exchange.
- Meme Coins: Meme coins such as Fartcoin and Troll have surged. Fartcoin is one of the leaders in the SOL chain rebound, entering the top 5 by meme market capitalization. Troll is a strong speculative token, launched on Binance Alpha and Moonshot.
- AI-Related Cryptocurrencies: AI-related cryptocurrencies like Dark, Zerebro, Arc, Virtual, AIXBT, and Lumo have rebounded. Dark is associated with the MCP concept, and Lumo has received funding from NVIDIA.
