GM20250519

1）Market Trends

BTC surges significantly, approaching previous highs. Altcoins generally rise.

U.S. stocks increase. Moody's downgrades U.S. rating.

2）Market Highlights：

1. Public chain ETH falls, while meme coins like Neiro, Moodeng, and Launchcoin rebound sharply after significant drops.

2. Payment public chain KTA rises, with a market value reaching $700 million, increasing 80 times since March. KTA is a compliant high-performance public chain, but the token issuance is on the Base chain.

3. Blockchain game NXPC declines, with gold farming not generating profit effects and failing to form a Ponzi flywheel. GameFi has been proven to be a discredited track.