Market Dynamics
Bitcoin prices are declining, while the altcoin market is looking optimistic, showing a general upward trend. Notably, Trump Media Technology Group successfully raised $2.5 billion and announced plans to implement a Bitcoin reserve strategy similar to MicroStrategy, injecting new variables into the cryptocurrency market. Meanwhile, U.S. stocks experienced a significant rally, primarily due to the easing of trade tensions between the U.S. and Europe—previously, Trump's tariff threats had caused market turmoil, but now both sides have extended the deadline for tariff negotiations, greatly boosting investor confidence.
Market Highlights
- Public Chain Sector: Ethereum (ETH) prices have significantly risen. Several large funds have jointly initiated a market-making plan, raising funds through U.S. stock SBET to create an “ETH version of MicroStrategy,” driving up sectors like ETHFi within the Ethereum ecosystem.
- AI Concept Cryptocurrencies: Tokens like Virtual and AIXBT have shown impressive gains. Among them, the staking mechanism for new launches on the Virtual platform has demonstrated strong profitability, becoming a market focal point.
- Special Targets: TRB, as a typical speculative stock, has seen a significant price surge. Currently, this cryptocurrency is in a highly controlled state, with its contract open interest even surpassing its market cap, drawing widespread attention from the market.
