GM20250523 1) Market trend BTC hits a record high, while the growth of copycats lags behind. US stocks fluctuate, and the US deficit is out of control. 2) Market hot spots: 1. The on-chain contract platform Hype has risen sharply, with a market value of 33 billion US dollars entering the top 10. In the future, it may rise to 1/2 of BN's market value, that is, 50 billion US dollars. Hype chips are highly concentrated, and the total contract position has hit a record high. Recently, the daily income automatically repurchases about 500 Wu. Big whales like to use Hype. 2. Meme's Fartcoin, Moodeng, Labubu, etc. have risen sharply. Moodeng is listed on Robinhood in the United States. Labubu plummeted to a new high after zeroing. It is a global IP of Pop Mart, similar to Chillguy. 3. B, Lista, etc. of Wlfi concept have risen sharply. B is the meme of Wlfi's stable currency USD1, and Lista is in cooperation with Wlfi. The market expects that Trump-backed Wlfi will issue coins at the market high in October and will quickly pass BN. 4. AI's WLD and Cookie rose sharply. A16Z Fund bought $130 million of WLD. Cookie is to do Kaito-like Infofi business, and its market value is lower than Kaito. 5. The largest DEX platform in the Sui ecosystem, Cetus, was stolen and plummeted, and the Sui chain meme plummeted collectively. The ETH chain has been used for money laundering recently. 6. Huma, Huma Finance, which is listed on BN Launchpool, is RWA and PayFi, and its business is similar to the Web3 version of P2P lending.