The PCE data will be released on Friday, which is also an important data for the Federal Reserve to measure inflation. It will affect the subsequent market trend of risky assets. Please pay attention to it. The two parties in the general election have begun to exert their strength in the crypto circle, and they also said that they would pardon the founder of Silk Road. It seems that they really want to win over young people.
Bitcoin ETF had a net inflow of 250 million US dollars and 3,654 coins on May 24. There was a surge on Friday, but now it is back. The enthusiasm for buying ETFs is still high.
Many people are asking about OK's withdrawal from Hong Kong. Here is a brief explanation. It has nothing to do with the mainland, because Hong Kong needs to be compliant, but OK is preparing to withdraw the VASP application license process, which is equivalent to withdrawing from the Hong Kong market, so it has nothing to do with us.
According to Bloomberg, Apple will launch a series of new artificial intelligence features at the developer conference next month, focusing on tools used by ordinary consumers in daily life. The core strategy "Project Greymatter" integrates AI tools into core applications such as Safari, Photos and Memos. iOS 18 and macOS 15 will introduce features such as voice memo transcription, AI photo modification, improved Spotlight search, Safari web search improvements and automatic reply suggestions. Siri personal assistant will be upgraded based on Apple's own large language model, and Siri on Apple Watch will also be enhanced. Apple's AI conference may also stimulate the AI sector, but this should be the last positive news in June.
Bouncebit announced a partnership with Ethena. More details will be announced this week.
Ethena will launch new DeFi integration this week and unveil a new CEX partnership for USDe.
Etherfi announced the launch of the "Staking Frens" event, providing mysterious tokens to users who stake ETH from May 27 to May 31.
Market Interpretation
The rebound of the big cake last Friday due to the support of ETF ended the haze led by Ethereum, and it is currently back to the upward trend, but since the US stock market is not open today, it is likely that the trading volume will shrink and fluctuate today.
The second cake still remains strong. I told you the logic last Friday, so everything still has to wait for the rhythm of the SEC. As long as Grayscale is not listed, it will still be inflows.
The MEME sector is still strong, especially MAGA and TRUMP. I can’t say much about this, but maybe there is a chance that it will continue to strengthen. The white skin FOMO is even stronger than us.
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