Introduction:
1. The annual and monthly rates of the US core PCE are in line with expectations. According to the Federal Reserve, the probability of a rate cut in July has further dropped to 22%.
2. Chuanzi started the show mode: first claimed that China violated the Geneva Agreement; then added 25-50% steel tariffs, and the United States planned to increase sanctions on Chinese technology companies and crack down on their subsidiaries. 3 contents prompted the currency circle to start the decline mode
4. Thailand SEC files legal action against OKX, Bybit and other exchanges
5. Trump Media will use approximately $2.32 billion in net funds to build Bitcoin reserves
6. FTX starts issuing the second round of distribution funds of over $5 billion [note that the funds did not flow back into cryptocurrencies during the last repayment]
7. OpenSea's new reward plan is launched, and Sahara opens community ido
1. Macro Market
1. Traditional Market
1. US stocks: Nasdaq fell 0.32%, S&P fell 0.01%, Dow rose 0.13%. Nvidia rose 2.92%, Tesla fell 3.34%
2. U.S. Treasury bonds and the U.S. dollar: 10-year U.S. Treasury bonds fell to 4.398, and the U.S. dollar index was 99.44.
4. Gold: down 0.86%, 3288
5. Core PCE annual rate and monthly rate are in line with expectations
2. Policy Direction
1. Federal Reserve News
(1) Nick, the "Federal Reserve's mouthpiece," said that after a brief period of strength at the beginning of the year, the inflation rate generally continued to decline slowly, in line with the Fed's forecast last year. Core service prices (excluding housing) remained stable in April. Housing prices rose 0.35% in April. Core commodity prices rose 0.27% in April after falling 0.27% in March.
The report would have been greeted with applause in the Martin Building, the headquarters of the Federal Reserve, if the threat of widespread tariffs had not stood in the way of that improvement.
(2) According to the Federal Reserve, the probability of a rate cut in July has further dropped to 22%.
3. Other policy-related content: such as tariffs
(1) Chuanzi claimed that China violated the Geneva Agreement
(2) Chuanzi stated in a statement that the decision will take effect from June 4. To further protect the US steel industry from foreign and unfair competition, the US import tariff on steel will be increased from 25% to 50% starting next week.
(3) The United States plans to increase sanctions on Chinese technology companies and crack down on their subsidiaries
(III) Regulatory dynamics
1. The Hong Kong Special Administrative Region Government published the (Stablecoin Ordinance) in the Gazette today (May 30), which means that the (Stablecoin Ordinance) has officially become law, further improving Hong Kong's regulatory framework for digital asset activities.
The Stablecoin Regulation will come into force later this year. Currently, no licenses have been issued to any stablecoin issuers. Only fiat stablecoins issued by licensed issuers can be sold to retail investors.
2. The Thai SEC announced that it will block cryptocurrency trading platforms Bybit, 1000X, CoinEx, OKX and XT platforms on June 28, 2025, and file legal proceedings, accusing them of committing acts classified as unlicensed digital asset business operators.
(IV) Government & Crypto News
1. [Chuanzi and related companies change their words every day. They just refuted the rumor and announced the completion of fundraising.]
Trump Media & Technology Group's stock price closed up 2.4%. It has completed the previously announced private placement with approximately 50 institutional investors. The two offerings raised a total of approximately $2.44 billion.
Trump Media will use approximately $2.32 billion of net proceeds to establish a Bitcoin reserve and for other general corporate purposes and working capital
2. Market Inventory
1. Market data: BTC market capitalization continues to rise to 64.56%, close to a record high
2. Stablecoin data: total outflow of 36.08 million, outflow of USDC of 113 million, inflow of USD1 of 20 million
3. ETF data: On May 29, BTC ETFs had an inflow of 347 million, and ETH ETFs had an inflow of 91.9 million
4. Organization dynamics
FTX announced today that it has begun distributing a second round of over $5 billion in distributions to creditors who have fulfilled their pre-distribution requirements. Customers can expect to receive funds within 1 to 3 business days from today.
(Note: FTX will start the first round of repayments for small creditors on February 18, 2025, but tokens such as Sol are in a downward trend from February 18 to April 7, and there is no sign of funds flowing back into cryptocurrencies)
3. Industry Hotspots
1. Hot events
(1) An unknown entity exited its TST coin position worth $6-7 million, causing it to plummet 40% in 2 minutes
(2) The market value of Solana Ecosystem Meme Coin LABUBU briefly exceeded US$65 million, setting a new record high
(3)soon The staking promotion started the day before yesterday. Once you stake your shares, they will turn off the lights and beat you. The market crashed 30% in 10 minutes.
4. Alpha
1. OpenSea’s new reward program is launched!
SEA follows Blur’s airdrop model, but adds more complex game design through long-term loyalty binding (such as historical data tracing), such as: historical contribution weighting, XP points system, cross-chain behavior rewards and other strategies
The detailed analysis is as follows https://x.com/JiamigouCn/status/1928342263412969852
[I personally feel that there is no need to participate. The market environment of ETH NFT, which is the main product of Opensea, is completely absent from the narrative. At that time, Magicden was riding on the cusp of BTC NFT before issuing the coin, and the expected returns may be seriously insufficient]
2. Sahara opens community idol, the project owner is pretty stupid
(1) FDV is distributed at $600 million. Looking at the tokens recently launched on Binance, only NXPC’s FDC exceeds $1.57 billion.
It is expected that even if the stock is successfully bought, the profit will be very small (I have seen some comments from KOLs, saying that Sahara will be the next Solayer, because they are all newly bought on Buildpad)
(2) The KYC registration community round plus social media authentication plus anti-witch detailed introduction will only be opened on June 8th. It is expected that domestic participants will most likely not be able to participate
Details: https://www.buidlpad.com/projects/sahara-ai
(3) You may be able to do it verbally. Idea: You can start this project now, and there is a high probability that you will be rewarded later.
3. James Wynn: I don’t regret opening a large position with high multiple contracts, and will focus on building a community around moonpig
[Continue to pay attention to moonpig, the current market value has dropped to 28 million]
Sun Ge will have a live broadcast with the mysterious contract whale James Wynn and the Solana chain Meme project Moonpig team at 20:00 (UTC+8) on June 1 to discuss the future development trend of the Meme track and the performance of the crypto market in 2025.
4. Solana Ecosystem Token Issuance Platform Cooking.City has completed a $7 million financing round, with participation from Jump Crypto, CMT Digital, Mirana, Bitscale Capital and EVG. Cooking.City is committed to reshaping the token issuance mechanism and proposing a new on-chain issuance model that is sustainable, incentive-based, and community-centric.
[Follow up and there may be opportunities]
