Can it still rise? 24-hour major events in the crypto world! A quick 1-minute look at overnight market trends

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1. After two days of talks in London, the US and Chinese negotiation teams reached a consensus on the trade framework, with officials from both sides set to report progress to their respective leaders;

2. The US SEC requires issuers of the proposed spot SOL ETF to submit a revised S-1 form within next week, potentially indicating ETF approval in 3-5 weeks, with SOL breaking through and rising to 165U;

3. Ethereum ecosystem tokens surge, with #RPL +25%, #UNI +21%, #COMP +18%, #LDO +10%;

4. QCP: Market narrative shifts from "Bitcoin is digital gold" to "Ethereum is RWA infrastructure layer", ETH may see a structurally unexpected rise;

5. HYPE breaks through $42, continuing to create new historical highs, with FDV around $4.2 billion;

6. SEC Chairman states that American values are rooted in DeFi's genes, CZ responds that June 9th will be remembered as DeFi Day;

7. Mint green first-generation LABUBU toy sold for 1.08 million yuan, with namesake meme Labubu rising 101%, market cap exceeding $41 million;

8. Altcoin season index rebounds to 29;

9. Pumpfun sold another 154,000 SOL in the past 9 hours, approximately $24.39 million;

10. Forbes data shows Huang Renxun with assets of $124.1 billion ranking 11th globally (first Chinese billionaire), CZ with $65.7 billion ranking 24th;

11. Multiple users report Bitcoin wallet Alby balances seemingly deducted, with service terms supporting clearing of long-inactive old wallets created before 2023;

12. Reuters survey: Over 60% of economists predict the Federal Reserve will cut rates at least twice this year.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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