Recently, many old on-chain projects have been revived, and BIBI secretly surged! Just discovered today 😂
'Revival projects' are all about the thrill!
Today's market focus:
1. The CPI data for May released last night was significantly below expectations, with core CPI only rising by 0.1%, indicating a notable cooling of inflation. TLP also took the opportunity to call for the Federal Reserve to cut interest rates by 100 basis points again. The market immediately adjusted the rate cut expectations for September, and the probability of a rate cut is currently extremely high; I personally believe it is essentially a done deal.
2. The Meme sector continues to heat up, with #AURA surging to a market value of $75.5 million, $LABUBU at $43 million, $JANITOR at $22 million, and #EGL1 reaching $70 million, with increased activity.
3. In terms of projects, the points project #I.R.I.S on platform #VIRTUAL has over-raised by 18 times, even attracting fake projects to mix in, fortunately, the platform quickly put on a verification label. Meanwhile, #Plasma sold out rapidly after adding a $500 million quota this morning, cumulatively absorbing nearly $1 billion in market liquidity; currently, this mechanism is more inclined towards large holders' participation, with higher quotas resulting in more diluted allocation.
4. In terms of on-chain dynamics, a whale account that has won three battles against ETH successfully turned around a short position loss, holding 40,000 ETH short position with a nominal value of $111 million, an opening price of $2793, and a liquidation price of $2938.
5. CB announced the launch of #FARTCOIN, #SQD, and #CAKE. @Mira_Network and @KaitoAI collaborated to launch the Yapper leaderboard, with related rewards accounting for 0.5% of the total, reigniting interest.
6. Platform regulation has become stricter; X platform experienced a large-scale account banning incident, covering multiple Meme project KOLs such as Eliza and GMGN, sparking heated discussions in the community.
7. Payment giant Stripe announced the acquisition of wallet service provider Privy, further promoting the integration of crypto wallets with Web2 products.
8. Binance Alpha's points rules have been upgraded again, supporting liquidity scoring and continuing to favor high-net-worth users.
