Policy fluctuations trigger market Fluctuation, Crypto Assets maintain a strong momentum

Recently, the global financial markets have been significantly impacted by policy fluctuations, exhibiting a unique fluctuation pattern. Wall Street even coined a new term—"TACO trading"—to describe the phenomenon where the market drops after a political figure announces high tariffs, only to rebound due to a softening of policies. Last Friday, threats regarding a 50% tariff on EU goods led to a market decline. However, just two days later, it was reported that there was a good conversation with the President of the European Commission, and the agreement deadline was extended to July 9, resulting in a rapid market recovery.

Analysts generally believe that this tariff threat is difficult to sustain due to its significant damage to the U.S. economy. On Tuesday, the U.S. stock market reacted positively to this news, with all three major indexes rising together. Analysts warn against taking such tariff threats at face value, as the "TACO trading" model is frequently played out. The crypto assets sector is also deeply affected by political maneuvering, with some media pointing out that crypto assets have deviated from technological idealism to become tools of U.S. politics. In contrast, some analysts believe that Hong Kong, through policies such as the "Stablecoin Regulation," has found a "third way" between innovation and regulation, establishing itself as a rule-maker in the digital finance era.

The Bitcoin market shows mature characteristics dominated by institutions. Despite the price consolidating between $107,000 and $110,000, listed companies have recently collectively increased their holdings by more than 8,800 BTC, and several institutions are optimistic about the market trend at the Bitcoin conference. Additionally, some politicians not only support the "BITCOIN Act" which commits to purchasing 1 million BTC over five years, but their media group has also announced the launch of a $2.5 billion Bitcoin reserve plan.

Market reports indicate that BTC currently exhibits trading characteristics more closely related to global liquidity rather than relying on retail sentiment, and BTC is now entering a healthy consolidation phase. Analysts remind that while the long-term structure remains bullish, stagnation of net capital inflow and the high SOPR indicator suggest short-term correction risks, with $114,000 becoming a key resistance level.

The Ethereum ecosystem is showing a strong rise, with an investment firm increasing its ETH holdings to 133,600 coins through leveraged positions, valuing it at approximately $358 million, indicating a firm optimism towards Ethereum and its blue-chip eco-assets. Meanwhile, a gaming company announced that after securing $425 million in financing, it will use ETH as its primary reserve asset, causing its stock price to soar nearly 500% in a single day. Although some banks predict that Solana may underperform Ethereum in the short term due to its over-reliance on meme coin trading, they acknowledge its long-term potential in scenarios like DePIN, anticipating that SOL will rise to $275 by the end of the year.

In the altcoin market, industry insiders believe that the traditional "altcoin season" era is unlikely to return. The next round of growth in the crypto market will be led by projects with solid fundamentals, well-designed token economics, and practical applications. A well-known fund has added a new artificial intelligence crypto assets sector, which has quadrupled in market value since 2023, reaching $21 billion and covering multiple tokens. In terms of project dynamics, recent new token offerings for certain projects have driven related ecosystem tokens to rise by over 30%; additionally, another project has launched a complete asset recovery plan in collaboration with a foundation, and related tokens have also increased this morning.

Key Data (As of May 28, 12:00)

• Bitcoin: $108,996 (Year-to-date +16.59%), Daily spot trading volume $34.83 billion
• Ethereum: $2,642.39 (Year-to-date -20.89%), daily spot trading volume is $26.754 billion
• Fear and Greed Index: 76 (Greed)
• Average GAS: BTC: 1.1 sat/vB; ETH: 3.28 Gwei
• Market share: BTC 63%, ETH 9.3%
• 24-hour BTC Long/Short Ratio: 1.0956
• 24-hour liquidation data: A total of 78,069 people were liquidated globally, with a total liquidation amount of $225 million, including $50.6931 million in BTC liquidations, $78.5274 million in ETH liquidations, and $5.608 million in DOGE liquidations.

Today's Outlook

• A certain project will launch token airdrop registration on May 28.
• Another project will hold its TGE on May 28, and the token economics has now been announced.
• A trading platform will support the EOS token swap and rename on May 28 at 16:00.
• The deadline for claiming the airdrop of the first phase of a certain project is May 29 at 6 PM.
• A trading platform will delist certain coin pair leverage and perpetual contracts from May 29 to June 2.
• Bio Protocol (BIO) will unlock approximately 339 million tokens at 8:00 AM on May 28, accounting for 20.22% of the current circulation, with a value of about 28 million USD.
• The number of initial jobless claims in the US for the week ending May 24 will be released on May 29 at 20:30.

Top 500 market cap assets with the largest increase today: Tellor (TRB) up 34.80%, WalletConnect Token (WCT) up 29.63%, Cetus (CETUS) up 26.92%, aixbt (AIXBT) up 21.20%, SPX6900 (SPX) up 18.18%.

Hot News

• A certain project launched a new coin
• A related address of a certain project transferred a large amount of tokens to the exchange.
• A certain asset management giant suggests allocating 2% of the investment portfolio to Bitcoin.
• A certain company established the "AI encryption sector" as the sixth major Crypto Assets classification standard.
• A company announced the issuance of $50 million in interest-free ordinary bonds to increase its holdings of BTC.
• A certain ETF has reached an AUM of 186 million USD within one month of its listing.
• New wallet withdraws a large amount of ETH from the exchange.
• A senator from a certain country expressed support for a bill to purchase a large amount of BTC.
• A certain company significantly increased its holdings of ETH through leverage.
• The wallet now natively supports the new blockchain network.
• A certain company announced a large private placement financing and will incorporate Ethereum into its treasury strategy.
• A well-known figure has launched a new platform and secured significant funding.
• A certain company has launched a large-scale Bitcoin collateral loan program.
• A media company announced a large-scale Bitcoin reserve plan
• A payment company applies for listing on the New York Stock Exchange.
• A certain bank predicts the future price trend of Solana.
• Analysts warn that Bitcoin faces the risk of a short-term correction.