Crypto Market Overview

• BTC (-0.87% | Current price: 108,503 USDT)

  • Bitcoin’s price remains volatile. After breaching the $111,000 level, it failed to hold above and saw a slight downward correction. However, the daily chart shows a long lower wick, indicating strong buy-side support. In the short term, BTC is expected to continue consolidating around recent highs.
  • U.S. stock markets closed yesterday for Memorial Day, and Bitcoin spot ETFs had no trading.

• ETH (-1.38% | Current price: 2,530 USDT)

  • Following the broader market trend, ETH fell back after failing to hold above $2,600. It is now in a consolidation phase. As of today, ETH’s market dominance stands at 9.0%, with an ETH/BTC ratio of 0.0234.
  • Similarly, Ethereum spot ETFs had no trading activity due to the U.S. holiday.

• Altcoins

  • After a general rebound, altcoins faced broad pullbacks. The Altcoin Season Index dropped from 27 to 25.

• Macro

  • On Monday, the EU stated that U.S. President Trump had decided to withdraw the threat of imposing a 50% tariff on EU imports starting next month. This decision followed what was described as a “very pleasant call” with European Commission President Ursula von der Leyen. The move reinvigorated trade negotiations, now set to conclude by July 9, and boosted global stock markets.
  • The Euro Stoxx 50 rose by over 1.6%, and U.S. stock index futures were also up — S&P futures +1.30% (5,882.80), Dow futures +1.1% (42,100.45), and Nasdaq futures +1.50% (19,146.81).
  • As of May 27 at 10:00 AM (UTC+8), spot gold traded at $3,339.96 per ounce, down 0.07% over 24 hours.

Trending Tokens

QNT – Quant (+11.04%, Market Cap: $1.508B)

QNT is currently priced at $105.49 on Gate, up 11.04% in 24 hours. Quant Network is known for enabling trusted digital interactions and is recognized for solving blockchain interoperability through its Overledger operating system.

This week, as European commercial banks and payment firms gather in Paris to discuss next-gen banking trends, Quant is gaining attention for its cross-border payment and enterprise blockchain solutions. Technically, QNT has broken through the $101 resistance and is forming a bullish rounded bottom pattern within an ascending channel — potentially attracting momentum traders.

JUP – Jupiter (+6.39%, Market Cap: $5.941B)

JUP is trading at $0.5949 on Gate, with a 24-hour gain of 6.39%. Jupiter is a core liquidity aggregator on Solana, facilitating efficient token swaps and supporting over 80% of retail DeFi activity within the ecosystem.

The recent launch of the HUMA token — which surged over 500% — has renewed interest in Jupiter. The Huma Finance and Jupiter partnership proposal passed with 86% support, with plans to collaborate on DeFi credit networks and liquidity sharing. Since HUMA’s presale is open to JUP stakers, this collaboration is expected to enhance JUP’s use cases and token value. Near-term resistance is at $0.62, with support at $0.56.

CAKE – PancakeSwap (+7.06%, Market Cap: $1.121B)

CAKE is currently priced at $2.5554, with a 24-hour gain of 7.65%. The token has entered a clear upward trend amid renewed interest in DEXs. Community sentiment has turned optimistic, aided by increased trading activity and solid fundamentals.

PancakeSwap benefited from BSC’s trading efficiency and recent Memecoin hype, with weekly trading volume surging 58.04%. The current price is testing a medium-term resistance zone, and a breakout could attract more attention.

Alpha Insights

SEC Crypto Task Force Discusses Securities Tokenization with Nasdaq and DeFi Startups

The U.S. SEC’s crypto task force recently held a meeting with Nasdaq, Plume Network, and Etherealize to discuss the regulatory framework for tokenized securities on public blockchains.

Proposals included the creation of regulatory sandbox pilots. Nasdaq proposed a new “ATS - Digital” venue for digital asset and commodity token listings. Plume advocated adapting securities laws to DeFi, emphasizing decentralized mechanisms. Etherealize suggested amending transfer agent rules to recognize blockchain as a valid shareholder registry.

The meeting signals the SEC’s openness to digital assets and its efforts to explore integration with traditional finance. Clear asset classification and flexible regulation are highly anticipated by the industry. If adopted, these initiatives could accelerate financial digitization, reduce costs, and enhance efficiency — though the inherent tension between decentralization and compliance remains a concern.

Movement Network Mainnet Goes Live – MOVE Token Now Claimable

Movement Network has launched its mainnet phase, and users can now claim MOVE tokens. According to the Move Industries Foundation, MOVE claim is now open, granting access to DeFi Spring rewards, Parthenon events, NFT collections, and various Movement applications.

To ensure fairness, Chainalysis and Trusta Labs were enlisted to eliminate bot addresses, reallocating the tokens to a community incentive pool.

By integrating DeFi and NFTs, this launch aims to boost user participation and further ecosystem growth. Transparent and prudent distribution enhances community trust and long-term momentum. However, investors should remain mindful of market volatility and regulatory risks.

Sui Foundation Allocates $10M for Ecosystem Security Following Cetus Incident

In response to the recent Cetus vulnerability, the Sui Foundation announced an additional $10 million investment in ecosystem security. Although the bug originated from Cetus’ math library and not the Sui protocol or Move language, Sui is taking proactive measures to strengthen developer support.

The funds will go toward audits, bug bounties, and formal verification, implemented in collaboration with the developer community.

This move reflects Sui’s commitment to platform security and ecosystem integrity. By enhancing audit mechanisms and resilience, Sui aims to bolster its position in the blockchain space. Nonetheless, the effectiveness of these efforts and the long-term financial implications for the foundation warrant continued observation.

Gate Launchpool

Project Details

• Subscription Project: Allo
• Token Name: RWA
• Subscription Deadline: Until June 3, 2025, 21:00 (UTC+8)
• Participation Options: GT, BTC
• Personal Cap: 1,000 GT, 10 BTC
• Hourly Reward Cap: 5,208.33 RWA per user

Project Introduction

Allo is building the world’s first tokenized stock trading platform, offering 24/7 trading, ultra-low fees, and instant settlement. Backed by blockchain technology, Allo has tokenized over $2.2 billion in real-world assets (RWA), pledged $50 million worth of BTC, and launched a $100 million lending service.


References

• Gate, https://www.gate.io/trade/BTC_USDT
• Farside Investors, https://farside.co.uk/btc/
• CoinGecko, https://www.coingecko.com/categories
• Investing, https://investing.com/
• Believe, https://www.believescreener.com/
• CoinMarketCap, https://coinmarketcap.com/cmclaunch/
• Cryptoslate, https://cryptoslate.com/sec-crypto-task-force-discusses-securities-tokenization-with-nasdaq-defi-startups/
• X, https://x.com/moveindustries/status/1927063652986740912
• X, https://x.com/SuiNetworkCN/status/1927161600202428841

Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides readers with in-depth content, including technical analysis, trending insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.

Disclaimer
Investing in the crypto market involves a high level of risk. Users are advised to conduct independent research and fully understand the nature of any assets and products before making investment decisions. Gate.io assumes no responsibility for any losses or damages resulting from such investment activities.