GM20250611

1) Market Trends

BTC fluctuates, altcoins surge. The market's main focus revolves around the ETH sector.

U.S. stocks rise, approaching previous highs.

2) Market Highlights:

1. Public chain ETH surges, ETH/BTC exchange rate breaks through weekly resistance. DeFi projects AAVE, COMP, UNI, SSV, RPL, etc. experience significant gains as the U.S. SEC chairman relaxes DeFi regulations. Legde Capital heavily invests $400 million in ETH, yielding substantial profits.

2. On-chain contract exchange HYPE reaches a new high, with a market cap of $42 billion. The latest HYPE HIP3 upgrade will allow users to deploy contracts without permission, with deployers receiving a 50% fee share. However, a stake of 1 million HYPE is required, and malicious market manipulation will result in penalties.

3. The ETH chain meme SPX surges close to a new high, with a market cap of $1.5 billion. On the SOL chain, meme coins Fartcoin, Labubu, Aura, etc., also experience significant gains.