1. Overall Market Trend
BTC continues to rise, reaching new highs and stabilizing above the 100,000 mark. Funds are moving from virtual to real, with exchanges speculating on Trump's narrative in Defi, while on-chain speculation focuses on AI agent narratives.
US stocks are fluctuating, and MicroStrategy has joined the Nasdaq.
2. Market Highlights:
1. Defi's COW and ENA surged. The Trump family's funds used the trading aggregator COW to purchase stablecoin ENA, and RWA's ONDO. Recently, Trump's calls have significantly outpaced Musk's.
2. Public chains FTM and SUI are rising. FTM will launch its second-generation mainnet, Sonic, next week. The SOL/BTC exchange rate has broken the annual line, and SOL may struggle to generate excess returns in the coming months; on-chain animal memes on SOL are temporarily on hold.
3. The payment token UTK surged. UTK is an old coin from 2017, with market speculation on homophonic puns; Twitter's payment has been renamed to Xmoney, sharing the same name as UTK.
4. The on-chain DEX HYPE's market value entered the top 10, reaching a peak of 25 billion USD. HYPE's contract volume reached 10% of BN, with an annual revenue of 300 million USD (BN's annual revenue is 10-20 billion USD). HYPE's founder has a similar background to SBF, both originating from market-making.
5. On-chain AI tokens FARTCOIN, ARC, and VIRTUAL surged. FARTCOIN's market value has surpassed GOAT. ARC is an AI platform similar to AI16Z's Eliza.
