GM20250612

1)Market Trends

BTC is down, altcoins are broadly down. The main focus of the market revolves around the ETH ecosystem.

US stocks are down, and the US dollar is down. The China-US trade negotiations are not going smoothly, and the weak US CPI data has boosted expectations for interest rate cuts.

2)Market Highlights:

1. Resol on BN. Resol is a stablecoin based on ETH and BTC, similar to Ethna, designed for perpetual hedging, with most hedging positions placed on Hype.

2. Korean public chain Kaia surges. The new South Korean president is crypto-friendly and allows the issuance of stablecoins. Kaia's major shareholders come from social platforms Kakao and Line, which are similar to WeChat, giving them a natural advantage in payfi.

3. Meme's Labubu and Aura surge. Labubu has high market popularity, and the old coin Aura has a rapid hundred-fold increase in just one day.