Daily Coin:

Last Friday's PCE data was basically in line with expectations, but there was no huge deviation in PCE data in the past, so it caused a little instantaneous fluctuation. This Friday, the macroeconomics will release unemployment and non-farm data for May. The current expectations are general, so stay tuned. Big funds will wait for these data to land before they start to move. Another thing to pay attention to is the interest rate cut by the European Central Bank. If the decision is to cut interest rates, it will also be a big benefit for risky assets.

Trump announced that he would accept Lightning Network payments for campaign donations, because Lightning Network payments require the creation and receipt of checks, that is, the amount must be agreed upon by the payee and the payer, so once this channel is opened, it is likely to meet the needs of offline payments.

On May 31, the Bitcoin ETF had a total net inflow of US$49 million, 728 coins, BlackRock bought, Grayscale sold, and the overall inflow was still inflow.

NOT-TON. The names are all very artistic. The NOT of the TON ecosystem ignited the entire weekend. NOT has completed a 6-fold increase from the bottom to now, in just 6 days, and the transaction volume of the entire network is second only to the big cake and the second cake. NOT includes multiple tracks such as TON ecology, MEME, and chain games, and it is also the most popular concept recently. The subsequent narrative of TON ecology should continue to be powerful. After all, it was hyped up in this wave. With the popularity and the trend, there may be a possibility of competing with SOL in the future. But the opportunity of native tokens is definitely not that big, after all, the market value is too large.

For the chain game track, there are still not many ALPHA projects. The hype of funds has driven it, but whether it can be sustainable and one or two leading or innovative projects is the key. I think WEB3 chain games are still a simple and crude plate.

Binance will delist $OMG, $WAVES, $WNXM, $XEM, all of which are old guys, and they were all glorious at one time. I don’t know why they will be delisted together this time. These tokens are not too related. It can be seen that after being delisted by BN, these tokens have fallen to varying degrees. It can be seen how much impact the listing on Binance has on the token price.

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Market Interpretation

Bitcoin has started to move. After digesting the instantaneous ups and downs of PCE on Friday, it has risen again today. From the technical point of view, it has not fallen below the rising trend line of the daily line. The weekly line of Bitcoin has begun to improve, and the monthly line has not broken the trend, so the market in June can be expected.

If nothing unexpected happens, Bitcoin should be listed on the US stock market this month, so stay tuned

The cottage is currently all following NOT. Some bottom chain games and new coins have begun to climb. It should be no problem to find some relatively good fundamentals to follow and eat short-term. Maybe the chain game season driven by NOT will trigger a rotation of the cottage season.

Today's Bitcoin Panic Greed Index: 73 (Greed)