May 29 Market Trends

1) Market Trends

BTC falls, altcoins generally decline. GameStop purchased 4,710 BTC, and many listed companies are accumulating coins.

U.S. stock market declines. The Federal Reserve's minutes suggest a possible rate cut 1-2 times by the end of the year.

2) Market Highlights:

1. The SOPHON on BN is an entertainment chain based on ZKSync's zero-knowledge L2, with DWF providing market making.

2. The public chain ETH rises, with ETH exchange rate stronger than BTC and SOL. ETH chain memes are stronger than SOL chain memes, such as Zeus, etc.

3. The public chain TON surges. Telegram announced a partnership with Musk's XAI, but Musk denied signing an agreement. Telegram raises $2.5 billion, with BlackRock participating.

4. The on-chain contract platform HYPE declines, representing the whale James' contract which has lost 8,000 WU from its peak, with high leverage positions potentially targeted due to transparency.

5. BN Wallet launches the TGE project Reddio, which is a parallel ETH L2.