GM20250620

1) Market Trends

BTC is down, altcoins are broadly declining. Strong coins are beginning to correct, and the market adjustment has entered the second half.

U.S. stock futures are down, and oil prices are surging. The U.S. may intervene in the Middle East conflict.

2) Market Highlights:

1. Sahara AI listed on OKEx, significantly oversubscribed with a valuation of $600 million. Sahara is an AI data infrastructure developed by a local team, with initial funding of $43 million.

2. The on-chain contract platform HYPE is down, and strong coins are beginning to correct. Approximately $200 million in HYPE will be unlocked in the coming week.

3. The meme GOR is up; GOR is set to fork the Solana chain, with Solana's founder Toly promoting it.