1) Market Trends

BTC plummets, altcoins decline.

U.S. stocks have dropped sharply, undergoing a weekly adjustment, with the 10-year U.S. Treasury yield reaching a 20-year high. Strong U.S. economic data has led to a loss of confidence in interest rate cuts before July.

2) Market Highlights:

1. Exchange AI's AI and ACT have risen. ACT is transitioning to become a framework platform.

2. On-chain AIs are broadly declining. BN has newly listed contracts like Swarms, Cookie, Alch, etc., but has not listed spot. MAX has surged, originating from the original ORAI team, launching an AI agent platform on the SOL chain.

3. Public chain Sonic is listed on Upbit with a market cap of $2.5 billion. Sonic is the EVM of the SOL chain, collaborating with TikTok for profit-sharing games.

4. The stability of Usual has sharply declined, with an emission rate of 0.7% daily recently.