1. Market Dynamics
1. BTC oscillates at a high level. BTC's dominance rate breaks weekly, the altcoin season has arrived, with 2017 old coins and ETH-related coins leading the rise. The best performers in this round of increases are the 2017 old coins and this year's new MEME coins, both having the least supply pressure.
2. US stocks rise, continuing to hit new highs.
2. Market Focus
1. Old coins XRP, HBAR, ADA, ALGO, EOS, IOTA, etc. have risen, generally increasing by 4-5 times this month. The US will eliminate capital gains tax for US companies issuing coins, with the best performers included in the COINBASE50 index. XRP's market capitalization has reached a new high, returning to the top three, and XRP will issue new stablecoins, with MEME on the XRPL chain soaring dozens of times.
2. ETH-related coins CVX, ZRO, USUAL, ENS, etc. have surged significantly, with ETH-related NFTs rising by 30%. ETH ETF inflows exceed BTC ETF inflows. The stability of USUAL adopts a Ponzi model similar to LUNA, where the larger the TVL, the less the unit emission. ZRO has no supply pressure in the first half of 2025.
3. On-chain MEME AI.FUN has surged tenfold in three days, reaching a market capitalization of 40 million USD. AI.FUN is a competitor to VIRTUAL on the BASE chain and is also a launch platform for AI tokens. Last month, the AI infrastructure led by VIRTUAL outperformed AI MEME, similar to how public chain L1 performs better than DEFI applications, due to higher certainty.