đ 5.22 Soha Morning Report: Dr. Frog will analyze the latest market dynamics for you đžđź
$BTC dynamics:
Affected by the $ETH ETF, $BTC performed strongly, and the increase followed closely. It is currently only 4% away from the previous high.
$ETH trend:
Stimulated by various ETF news, $ETH has been rising all the way. Except for $PEPE, the entire Ethereum ecosystem has not kept up with this increase.
#memecoinstatus:
$PEPE rose nearly 40% on the day, surpassing all other increases.#memecointotal market value reached an all-time high (ATH).
ETF related dynamics:
Grayscale's latest Ethereum spot ETF application has deleted the pledge wording.
VanEck Ethereum spot ETF has been listed at DTCC.
Sources revealed: CoinShares and Valkyrie will not apply for Ethereum spot ETF because there is no pledge.
Politics and cryptocurrency:
CNBC report: Trump campaign team began accepting cryptocurrency donations, including Dogecoin and Shiba Inu coin. Trump becomes first major party candidate to accept cryptocurrency donations.
Regulatory news:
Uniswap Labs urges SEC to drop pending enforcement action in Wells response.
Fed news:
Fed Governor Waller says rate cuts may be considered by end of year if data supports.
Gala Games news:
Hacker returns $23 million in ETH, founder proposes buyback and destruction of $GALA. DWF Labs has purchased 25 million GALA tokens to stabilize token value.
Ethereum L2:
@taikoxyz and @zksync hint at upcoming airdrops.
Chiliz Chain news:
Delays encountered in executing Dragon8 hard fork.
Meme coin news:
The founder of Whales Market launches Meme coin GMCAT, which will be airdropped to GM pre-sale addresses and xWHALES holders. However, the experience is poor, many people have difficulty buying, and the takeover effect is significant.
Market summary:
The current market is dominated by #memecoinđđđ . Both $PEPE, $BONK and $FLOKI have shown sufficient resilience. In contrast, value coins such as $SSV and $LDO are more affected by the outside world. It is recommended to select high-quality meme coins for investment.
#BITCOIN#仄ć€ȘćETFæčćéąæ CRYPTO #éèć棫 Dr. Frog đžđź
Do you like this content? Like, forward and comment to let more people know the latest market trends!đ
