Introduction:

1. Powell met with Trump at the White House today, which the market interprets as favorable for future interest rate cuts.

2. The SEC clarifies that three types of PoS network staking activities do not constitute securities issuance, which is beneficial for subsequent ETH staking ETF and SOL staking ETF.

3. Chuanzi posted on social media a background image containing PEPE and his own image (PEPE closed down today).

4. The Federal Circuit Court of Appeals granted the Trump administration's emergency request, allowing these tariffs to remain in effect during the appeal process.

5. The LOUD that everyone is shouting about is about to go on presale (Kaito is expected to become a very important and mainstream marketing tool in the future).

6. Need to start paying attention to Farcaster. Yesterday, they airdropped a membership fee of 120 USD to users who opened pro accounts. More airdrops are expected later.


1. Macro market.

(1) Traditional market.

1. US stocks: Nasdaq up 0.39%, S&P up 0.40%, Dow Jones up 0.28%.

2. US debt: 10-year US debt has fallen to 4.43%.

3. USD: down 0.54% to 99.28.

4. Gold: down 0.16%.

5,

The latest revised data for the first quarter of GDP in the United States shows that economic growth has been restrained due to weak consumer spending. Traders still bet that the Federal Reserve will launch the next round of interest rate cuts in October, and expect a cumulative cut of 55 basis points by January next year.

(2) Policy direction.

1. Federal Reserve related.

According to the official announcement from the Federal Reserve, at the invitation of the President of the United States, Federal Reserve Chairman Powell met with Trump at the White House today to discuss economic development issues, including economic growth, employment, and inflation.

Note: At this stage, Chuanzi urgently needs favorable monetary policy to stabilize the situation. Inviting Powell to the White House for a private talk is hoping for the Federal Reserve to lower interest rates and provide a bottom for the economy.

2. SEC related.

(1) The SEC issued a policy statement on PoS network staking activities, clarifying that three types of staking activities do not constitute securities issuance:

1) Self-staking (node operators use their own crypto assets to participate in network verification);

2) Third-party non-custodial staking (asset owners retain control, only delegate verification rights);

3) Compliant custodial staking (custodians strictly segregate client assets, not used for business or re-collateralization). The US Securities and Exchange Commission stated that protocol staking on public PoS networks does not constitute a securities transaction.


Note: This clarification increases the likelihood of Solana's staking ETF being approved before the final deadline in October.


(2) The SEC officially withdrew the civil lawsuit against Binance and its founder Zhao Changpeng (CZ) on May 29, 2025, and clearly stated that "the withdrawal is final," meaning the SEC cannot file a lawsuit again on this case.


3. Tariffs.

The Federal Circuit Court of Appeals granted the Trump administration's emergency request, temporarily suspending the lower court's ruling, allowing Trump's tariff policy to continue during the appeal.

This means that, although the lower court deemed the Trump administration's tariff measures illegal, these tariffs remain in effect during the appeal process. Currently, the court has required the plaintiffs to submit a response by June 5, and the government must respond by June 9.


(3) Government & crypto dynamics.

Chuanzi posted on social media a background image containing PEPE and his own image, with the caption that he bears God's mission, and what is to happen cannot be stopped by anyone.

2. Market review.

1. Market data: Market capitalization 334 million, trading volume 185.72 billion.

2. Stablecoin data: USDT inflow 107 million, USDC outflow 107 million.


3. ETF data: On the 28th, BTC ETF inflow 430 million, ETH ETF inflow 84.9 million USD.

IBIT currently has an asset scale of 72 billion USD, ranking 23rd on the overall ETF list. Among the top 25 ETFs, the second youngest ETF has been issued for 12 years.


4. Institutional dynamics.

(1) SOL-based Microstrategy SOL Strategies announced on May 26 that it acquired 26,478 SOL tokens for 4.7 million USD, at an average price of 177.5 USD per SOL.

Canadian listed company SOL Strategies has submitted a preliminary short-form prospectus to securities regulators in various provinces and territories of Canada, intending to raise up to 1 billion USD in the next two years through the issuance of common stock, warrants, and other securities.


3. Industry hotspots.

1. Competitive actions.

JUP co-founders announced that after the new mechanism of the JUP contract goes online, the SOL order limit can be raised to 10 million USD, while BTC and ETH can be raised to 20 million USD.


4. Alpha.

(1) Various KOLs are posting about @stayloudio.

1. IDO time: May 31 at 22:00, starting on @HoloworldAI's HoloLaunch board, raising a total of 70,000 USD (400 SOL) accounting for 45% of the $LOUD supply.

2. Two phases [Expected to rush into the second phase].

Phase one: Yappers ranked in the top 1000 can invest 0.2 SOL.

Phase two: wallets with 10 smart money followers can invest 0.2 SOL (first come, first served).

Approximately over 120,000 wallets are eligible to participate in the second phase.

3. There is no snapshot yet, rushing into the top 1000 locks in thousands of dollars in profits, rushing to the second phase.

Official website: https://x.com/stayloudio/status/1928061056322334915


(2) Others.

1. Backpack event.

(1) The top 500 daily trading volumes will share a reward of 25,000 USD.

(2) Trading volume activity of Sui ecosystem tokens has continued for six days, and now the trading volume of these tokens is very low, with basically no one trading. As long as you trade, you can basically make the list.

Original text: https://x.com/All_IN_Airdrop/status/1928037771396141167


2. Farcaster SOL wallet needs to top up some balance.