GM20250529

1）Market Trends

BTC is down, altcoins are generally down. GameStop bought 4,710 BTC, and many listed companies are participating in accumulating coins.

US stocks are down. The Federal Reserve's minutes suggest a possible interest rate cut 1-2 times by the end of the year.

2）Market Highlights：

1. The sophon on BN is an entertainment chain based on zkSync's zero-knowledge L2, with DWF doing market making.

2. The public chain ETH is up, and the ETH exchange rate is stronger than BTC and SOL. The meme on the ETH chain is stronger than that on the SOL chain, such as Zeus, etc.

3. The public chain TON has surged. Telegram announced a partnership with Musk's XAI, but Musk denied signing an agreement. Telegram raised $2.5 billion, with BlackRock participating.

4. The on-chain contract platform HYPE is down, representing that the whale James' contract has lost 8,000 WU from the peak, with high leverage positions potentially targeted due to transparency.

5. BN Wallet has launched the TGE project Reddio, which is a parallel ETH L2.