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Market trend on May 29th
1) Market Trend
BTC is down, and altcoins are generally falling. GameStop has purchased 4,710 BTC, and many listed companies are participating in accumulating coins.
US stocks fell. The Federal Reserve's minutes suggest a possible interest rate cut 1-2 times by the end of the year.
2) Market Hotspots:
1. Sophon on bn is an L2 entertainment chain based on zkSync's zero-knowledge, with market making by DWF.
2. The public chain ETH is rising, and the ETH exchange rate is stronger than BTC and SOL. The meme on the ETH chain is stronger than the meme on the SOL chain, such as Zeus and others.
3. The public chain ton surged. Telegram announced a collaboration with Musk's xai, but Musk denied signing an agreement. Telegram raised $2.5 billion, with BlackRock participating.
4. The on-chain contract platform hype has declined, indicating that the whale James's contract has lost 8000 wu from its peak, and the high leverage position may be targeted due to transparency.
5. The bn wallet has launched the TGE project Reddio, which is a parallel ETH L2. #Gate 荣获 “2025 年度最佳加密货币交易所”大奖 #比特币2025大会开启 #特朗普集团比特币财库