Market Dynamics
1. BTC plummets, altcoins drop widely.
2. U.S. stocks fall sharply with weekly adjustments, 10-year Treasury yields hit a 20-year high. Strong U.S. economic data dims market expectations for rate cuts before July.
Market Focus
1. Exchange AI tokens AI and ACT rise. ACT is transitioning to a framework platform.
2. On-chain AI generally falls. Leading exchanges list new contracts for SWARMS, COOKIE, ALCH, but they are not yet available as spot listings. MAX, originating from the former ORAI team, surges as it launches an AI agent platform on the SOL chain.
3. Public chain SONIC is listed on a Korean exchange, with a market cap of $2.5 billion. SONIC, an EVM on the SOL chain, collaborates with TikTok on a point-earning game.
4. Stablecoin USUAL sees a significant drop, with a daily emission of 0.7%.