Cryptocurrency News and Market Highlights
Market Overview
- Cryptocurrency Market: Bitcoin is fluctuating, while altcoins are generally rising, with the market mainly focusing on meme coins and AI-related cryptocurrencies.
- US Stock Market: The US stock market has seen a significant surge, which may be related to Trump's softened stance towards China and the Federal Reserve, as this change in position has reduced market uncertainty and risk expectations, creating a favorable environment for US stocks.
Market Highlights
- Meme Coins: The meme coin related to Trump, TRUMP, has doubled in value, and the event where the top 220 holders can have dinner with Trump has attracted market attention. However, some delayed unlocks may have a certain impact on its short-term price.
- AI Cryptocurrencies: AI-related cryptocurrencies such as turbo, aixbt, cookie, and zerebro have rebounded, with oversold AI cryptocurrencies experiencing several-fold increases on-chain. Zerebro has gained certain topic relevance and market appeal due to its collaboration with celebrity Kanye West.
- Public Chains: The public chain Sui has surged and started a weekly rebound, with its ecological projects such as cetus and memefi also following suit. Sui is considered the strongest public chain in terms of momentum, and it may recently go through an ETF, which will bring more funds and market attention.
- Zora Public Chain: Zora is a social public chain that has transformed from an NFT public chain, attracting users and developers through BN alpha airdrops to enhance its influence and activity in the market.
