US stocks generally rise with technology stocks leading, the crypto market remains volatile

The US stock market rose across the board on Tuesday, with technology stocks performing particularly well. The Dow Jones Industrial Average increased for the fourth consecutive trading day, and a certain chip company's market value once again surpassed that of a certain software giant, reclaiming its position as the world's most valuable publicly traded company, with a current market value of $3.45 trillion. In the Hong Kong stock market, stablecoin concept stocks continued to strengthen, with several related companies' stock prices soaring.

An economist predicts that the Federal Reserve may delay interest rate cuts until December, but may choose to cut rates significantly by 50 basis points at that time. He believes that the impact of tariffs on inflation will be one-time and will not have a lasting effect on the economy. In addition, the OECD has significantly lowered its growth forecast for the U.S. economy to 1.6% and warned that the trade policies of a certain former political figure are dragging down global economic development. Investors are closely watching the May employment report set to be released this Friday to assess the economic situation.

An analyst stated that 2025 will be a key turning point for generative AI, transitioning from technological breakthroughs to widespread applications. Currently, AI is mainly used in traditional asset management and quantitative trading in the financial sector, but in the future, it is expected to better adapt to the digital asset market through optimized market-making strategies. In addition, building AI-enabled Web3 infrastructure, such as smart contract security audits and digital content assetization, will promote the collaborative development of AI and the Web3 ecosystem.

The volatility in the Bitcoin market has intensified, showing a short-term trend of fluctuating upwards. In terms of the political environment, both Poland and South Korea have elected presidents who support encryption. Despite the market news being mostly positive, Bitcoin's price has not seen a significant rise. A digital asset research director at a certain bank issued a warning that currently, 61 listed companies hold a total of 673,800 Bitcoins, accounting for 3.2% of the total supply. If Bitcoin's price falls below 22% of these companies' average purchase price, it could trigger forced sell-offs by these companies. This indicates that despite the corporate holding trend increasing buying pressure, it also lays the groundwork for potential selling risks.

Ethereum has shown relative stability, oscillating around $2600 for 25 days. The US Ethereum ETF has increased its holdings for 12 consecutive days, with a certain asset management company holding about $4 billion in ETH through the ETF. Analysis indicates that Ethereum may face a critical turning point, facing a choice of upward or downward movement. On-chain data shows that a suspected whale or institution purchased 108,278 Ethereum (approximately $283 million) through an over-the-counter method. An OTC wallet of a certain digital asset company withdrew 89,000 ETH (approximately $234 million) from exchanges in the past 12 hours, and subsequently transferred a total of 108,278 ETH to a specific address.

An analyst pointed out that Ethereum is struggling to establish $2500 as a support level and solidify it as the low point of the macro range between $2500 and $4000. The current trend is similar to a certain period in mid-2021; if successful, Ethereum may enter a new round of range-bound trading.

A research institution pointed out that despite Bitcoin continuously breaking historical highs and attracting institutional funds, the altcoin market has stagnated, with ongoing token unlocks and a lack of new narratives becoming hindrances to development. Solana tokens have recently performed poorly, fluctuating around $150. Its meme coin platform plans to raise $1 billion through token sales, with a valuation of $4 billion. Although the official confirmation of the specific release time is still pending, the platform's social media accounts hinted that it might go live within two weeks, which could put pressure on the entire Solana ecosystem due to potential capital outflows.

It is worth noting that early this morning there were reports that a former political figure would launch a brand encryption wallet and trading application, encouraging supporters to buy Meme coins. This news caused a temporary rise of 40% in the tokens of a certain NFT trading platform. However, the relevant parties later denied any association with the project, causing the token to pull back nearly 20% from its peak.

Key Data (As of June 4, 12:00)

• Bitcoin: $105,723 (Year-to-date +12.73%), Daily Spot Trading Volume $25.243 billion
• Ethereum: $2,616.39 (Year-to-date -21.69%), daily spot trading volume is $14.58 billion
• Fear and Greed Index: 57 (Neutral)
• Average GAS: BTC: 2.63 sat/vB ETH: 4.36 Gwei
• Market share: BTC 63.1%, ETH 9.6%
• 24-hour BTC long-short ratio: 1.0247
• Sector rise and fall: AI down 2.1%; Meme down 1.67%
• 24-hour liquidation data: A total of 68,138 people were liquidated globally, with a total liquidation amount of $148 million, including $25.52 million in BTC liquidations, $35.96 million in ETH liquidations, and $8.75 million in SOL liquidations.
• BTC medium to long-term trend channel: upper channel line (106908.13 USD), lower channel line (104791.13 USD)
• ETH Medium to Long-term Trend Channel: Upper Channel Line (2588.05 USD), Lower Channel Line (2536.80 USD)

Note: When the price is above the upper and lower bounds, it indicates a medium to long-term bullish trend; conversely, it indicates a bearish trend. When the price is within the range or repeatedly crosses the cost range in the short term, it indicates a bottoming or topping state.

ETF Flow (as of June 3rd)

• Bitcoin ETF: +$378 million (ended continuous outflow for 3 days)
• Ethereum ETF: +$109 million (net inflow for 12 consecutive days)

Today's Outlook

• A trading platform will launch Lagrange (LA)
• A trading platform will delist multiple perpetual contracts on June 5.
• Multiple projects will have token unlocks in the near future.
• The ADP employment figures and initial unemployment claims for May in the United States will be announced soon.

Today's top 500 market cap biggest rises: 0×0.ai (0×0) rise 67.69%, Acet (ACT) rise 28.59%, Alchemist AI (ALCH) rise 23.39%, Magic Eden (ME) rise 22.03%, Animecoin (ANIME) rise 21.70%.

Hot News

• The net inflow of the Ethereum spot ETF reached 109 million USD yesterday, marking the 12th consecutive day of net inflow.
• It is suspected that a certain institution purchased over 100,000 ETH through over-the-counter transactions and now holds nearly 140,000 ETH.
• A certain asset management company's Bitcoin spot ETF has entered the top 25 ETFs in the United States, with assets reaching 72.4 billion USD in just 1.4 years.
• A project party transferred 150 million tokens, with 20 million of them sent to a certain address.
• A Spanish coffee chain plans to invest over $1.1 billion to acquire Bitcoin, transforming into a "Bitcoin-first" company.
• A political figure's family denies involvement in the related wallet project, while a certain NFT trading platform states that it is an official collaboration.
• CEO of a certain image processing company: Sold off encryption assets at the end of last year, making a profit of 570 million yuan, of which 80% was distributed as dividends to shareholders.
• A stablecoin issuer transferred over 37,000 BTC to an institution, valued at nearly $4 billion.
• A certain project's airdrop will start in June, with 25% released immediately and the remaining 75% unlocked linearly in the form of NFTs.
• A certain project's CEO has stepped down, and a former executive from a trading platform has taken over.
• A certain company plans to issue 2.5 million shares of "Stride" preferred stock to increase its Bitcoin holdings.
• Insiders: A certain project plans to raise $1 billion through a token sale, with a valuation of $4 billion.
• Ethereum co-founder claims to be in talks with sovereign wealth funds for infrastructure collaboration