5.24 Sohu Morning Report:

Yesterday's market truly proved that ever since Trump took office, the entire global financial market has been at the mercy of his words, opening and closing at will.

1. $BTC, under Trump's influence, fell below 110000 and has been fluctuating around 107000. It's hard to believe this is the crypto market that was around 110000, with altcoins generally down 10%;

2. $ETH can only be said to be like picking soft persimmons; always thinking this time is different, but in reality, it remains the same, and it has fallen even more, becoming a large lever for BTC;

3. $SOL follows the weak and not the strong; whoever is weak, it follows. There is no independent market, and the recovery of on-chain activity is still difficult to save;

4. Hyperliquid Labs submitted a letter to the CFTC, supporting DeFi perpetual contracts and a 24/7 trading mechanism;

The fundamentals of @HyperliquidX have changed since it was at 10u;

5. US Treasury Secretary: Major trade agreements are expected to be reached in the coming weeks;

US Treasury Secretary: The 90-day tariff suspension is based on sincere negotiations, and Trump believes the quality of the EU's proposal is not high;

US Treasury Secretary Bessent: Very close to adjusting the Supplementary Leverage Ratio (SLR), which may affect Treasury yields;

6. @cz_binance: Some VCs spent millions lobbying against Binance helping the US become a cryptocurrency hub;

This USD1 has been turned into this, can a few million dollars succeed in opposing it?

7. The US Department of Justice has charged the main suspect in Qakbot, involved in deploying ransomware and profiting over 24 million dollars;

8. Kalshi adds support for Solana deposits, expanding cryptocurrency payment options;

9. @humafinance token presale is now open to Huma OG users and JUP stakers;

10. US SEC Commissioner Hester Peirce: Staking activities are not regulated under securities law;

11. Mysten Labs officially closed the whitelist request after launching it urgently, exploring new rescue ideas;

12. @virtuals_io flywheel has started moving positively, affected by the market index, with various wealth effects, stay tuned;

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An interesting thought is that at this time, any offensive action is very difficult, because you fear that if BTC shakes, the altcoins might just crash. However, everyone is betting that BTC will remain stable, and the altcoins look very difficult right now.

#Bitcoin #Ethereum #crypto #Solana