The major direction is the ETH upgrade at Block 57, betting on a rate cut in June. Currently, all major influencers across the network are bearish, and this consensus is a problem. Current key points in the altcoin market:
1. There haven't been significant changes on the macro level; trade negotiations are ongoing. If no agreement is reached by July, Trump has indicated that relevant tariff policies will continue.
2. There was a continued rebound in the market yesterday, led by $Trump and meme coins. Currently, $pengu, $bonk, $tubo, $pnut, and others are performing relatively strong.
3. The AI sector has seen a significant rebound; coins like $ai16z, $aixbt, and $virtual have all shown substantial rebounds, having declined for 3 months, but taking less than a week to recover.
4. On the Solana chain, the Golden Dog has been frequently appearing these past two days. Yesterday, $house was booming in the community; it's a project that hedges against the real estate market. Previously, its market cap was stable around 7M, but yesterday it was suddenly pumped up, with FDV directly reaching 55M+.
5. BONK has launched a new meme platform #lestbonk, and right after its launch, FDV skyrocketed to around 30M, currently below 10M. If there's short-term FOMO, make sure to take profits.
6. Growth in stablecoins; USDT (14.7 billion) and USDC (62 billion) market caps continue to rise, indicating inflow of funds.
CEX operations: $alpaca is using a contract rate of -2% settlement for 1 hour to pump the spot market, forcing a short squeeze.
