GM20250610

1) Market Trends

BTC has surged close to previous highs, with MicroStrategy purchasing 1,045 BTC last week. Altcoins are generally rising, and the ETH/BTC exchange rate is strengthening.

US stocks are up, and negotiations between China, the US, and London have been fruitful.

2) Market Highlights:

1. Stablecoin project Plasma on a public chain, with an initial stake of $500 million quickly completed, and Sun Yuchen participating by withdrawing funds from Aave. Plasma is a stablecoin public chain designed for USDT, previously raising $24 million with a total valuation of $500 million.

2. The Metaverse project Verse on the Solana chain has surged to a $1 billion market cap, with only 3% actually in circulation. The Dubai project launched on PumpFun, a game similar to GTA in an open-world format.

3. The on-chain contract platform Hype has risen, approaching a market cap of $40 billion, close to previous highs. Whale trader James has completely liquidated.

4. Meme coin Fartcoin has risen, with new contracts listed on Coinbase. The meme coin Useless on the Bonk platform has surged, with KOL Bonk Guy promoting it.

5. KTA on the Base chain has plummeted, exposed for project fraud, with the operator dumping at high prices.