6.10 Today's Hot News:

1. Chinese media trade negotiations have made phased progress, promoting a favorable trend in the market, and Bitcoin has surged to the 110,000 yuan mark.

2. Trump stated that he is not considering a meeting with Musk for the time being, but his tone has noticeably softened compared to before. The warming relationship between the two opinion leaders can help stabilize the mood in Silicon Valley and the cryptocurrency market, reducing uncertainty in policy.

3. The Justice Department seeks to extend the suspension period for Trump's sentencing, and the Senate plans to introduce a reform proposal.

4. The riots triggered by immigration policies have not yet impacted the market, but if the situation worsens, it may trigger risk-averse sentiment. Historical experience shows that late periods of social unrest often lead to capital shifting toward anti-inflation assets.

5. The 5 billion yuan quota was quickly filled, indicating a strong demand from investors for quality projects. The high valuation directly implies inflated expectations, but uneven quota distribution may exacerbate market polarization.

6. Verse's project FDV surged from 3 billion to 9 billion yuan, reflecting the market's premium on traditional enterprises entering the cryptocurrency field. This cross-domain integration may become a new narrative focus, but caution is needed regarding potential valuation corrections.

7. EGL1's strong rally cannot hide the decline of Alpha's quarterly earnings to 50 million, with studios dominating the market leading to a squeeze on retail investors' survival space. This unsustainable situation may trigger a demand for adjustments.

8. The 10M market data shows the vitality of the Solana sub-ecosystem, but it remains to be seen whether it can break the life cycle limitations of Meme tokens and establish a lasting value capture mechanism.

9. Mainstream projects like MKR and AAVE are inflating, indicating that traditional financial systems are systematically laying the groundwork for decentralized financial infrastructure, a trend that may reshape the market landscape.

10. WIF's launch of the yuan trading pair strengthens Asian liquidity, confirming the core position of the Meme narrative in this bull market.

11. The OP_RETURN expansion to 4MB will significantly enhance on-chain data capacity, clearing technical barriers for the development of Bitcoin Layer 2, which is beneficial for network utility in the long run.

12. The Sky team has repurchased 630,000 yuan worth of tokens, and such market management behavior often indicates bottom formation at the end of a bear market, potentially triggering a mimicry effect.