Introduction:

1. Two Federal Reserve governors, Bowman and Waller, both support the earliest interest rate cut in July. These two officials were both appointed by Trump during his first term.

2. Powell expects to see significant impacts of tariffs on inflation in June, July, and August, lowering recent interest rate cut expectations.

3. U.S. listed company Nano Labs raised $500 million through a private placement of convertible bonds for BNB reserve strategy, its stock currently has a market value of only $250 million, which may still have room for growth.

4. Polymarket is about to complete nearly $200 million in financing, with a valuation exceeding $1 billion.


I. Macroeconomic Market

(1) Traditional Market

1. U.S. Stocks: Nasdaq rose 1.43%, S&P rose 1.11%, Dow rose 1.19%, Circle fell 15.49%, Nvidia rose 2.59% close to historical highs.

2. U.S. Treasuries, U.S. Dollar: 10-year U.S. Treasuries fell 1.06 to 4.3%, DXY is about to break the recent low, reported at 97.89.

3. Gold: 3325.79 high volatility, the easing situation in the Middle East has not led to a drop in gold.

(2) Policy Trends

1. Relevant to the Federal Reserve

(1) Powell: The Federal Reserve has no legal right to buy Bitcoin, nor is it seeking this power.

(2)[Powell lowers recent interest rate cut expectations] At a recent hearing, Powell stated regarding tariffs: “We really don't know how much of it will be passed on to consumers, we must wait and see. It is expected that significant impacts of tariffs on inflation will be seen in June, July, and August.”

Note: Two Federal Reserve governors, Bowman and Waller, both support the earliest interest rate cut in July. These two officials were both appointed by Trump during his first term, with Waller often mentioned as a possible successor to the Federal Reserve Chair position next May.

(3) Regulatory Dynamics

The U.S. Senate Banking Committee released 'Principles for Legislation on Crypto Market Structure', providing clear guidance for digital asset regulation.

(4) Government & Crypto Dynamics

1. The New York Stock Exchange submitted a 19b-4 filing to the SEC regarding the Truth Social Bitcoin and Ethereum ETFs.

2.

II. Market Review

1. Market Data: BTC market cap is crazily sucking blood, slightly retreating to 65.28% after approaching a recent high.

2. Stablecoin inflow of 560 million, USDT inflow of 377 million, USDC inflow of 144 million.

3. ETF Data On the 23rd, BTC ETF inflow was 350 million, ETH ETF inflow was 100 million.


4. Institutional Dynamics

(1)[Research whether this model is useful for trading later] Strartegy developed a BTC credit model. This model comprehensively considers loan term, collateral coverage, BTC price, BTC volatility, and BTC ARR prospects, generating statistical BTC risk and BTC credit spread.

(2) Binance founder CZ stated, 'U.S. stock Nano Labs Ltd has become a strategic reserve listed company that only holds BNB. Their stock price has soared. We (my affiliated entity) did not participate in this round of financing but still provided strong support. This is not financial advice!'

[U.S. stock Nano Labs Ltd surged 36.36% yesterday, market value exceeded 250 million; additionally, Nano Labs raised $500 million through private placement of convertible bonds for BNB reserve strategy, the financing amount has already exceeded its market value, theoretically, the stock price may continue to rise.]

III. Industry Hotspots

1. [First community mod starts rights protection] [Humanity project party used 12% of the so-called 'Fairdroop' to PUA the community for a whole year, with hard-working task-doing slaves receiving airdrops worth 1U, even 0 qualifications. Meanwhile, the project party directly issued multiple 40,000 ghost airdrops to themselves.

2. newt kol mouth-licking earned a lot. Chinese region earned thousands to tens of thousands of dollars.

3. Polymarket is about to complete nearly $200 million in financing, with a valuation exceeding $1 billion.

IV. Alpha

(1) BN Activities

1. Binance Square also launched a task (mouth-licking) incentive platform.

Binance token promotion grand slam

MVB incubation, YZiLabs investment, Binance Square mouth-licking, token task hand-licking, Binance Alpha pre-selection, TGE IDO, contracts, spot.


2. UPTOP order rewards are , based on 80 tokens, approximately 2.4u.

(1) Addresses ranked 1 – 78,125: each address will receive 80 UPTOP tokens.

(2) Addresses ranked 78,126 – 307,292: each address will receive 60 UPTOP tokens.


3. Solana's re-staking protocol Fragmetric may have opened a foundation account, the project co-founder sang.sol has followed that account.

sang.sol previously stated, 'Big things will happen this week', the community speculates that TGE-related matters will be announced.